NOT LISTED FOR SALE

7040 W Wells St Unit 7042 Milwaukee, WI 53213

Estimated Value: $396,000 - $506,129

5 Beds
2 Baths
3,141 Sq Ft
$140/Sq Ft Est. Value

Last Sold October 10, 2024

Last sale price $383,000 $122 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,750/month

30 Days on Market

About This Home

As of October 2024

Looking for a great Tosa investment property? Look no further, this 3/2 unit duplex is turnkey! Upscale area, great for walking, shops & restaurants, close to schools & parks, easy access to freeway & downtown. New leases recently signed for upper & lower. Large overall sf, with tons of storage. Established tenants. Lower unit has 3BR's on main level, HWFs, pantry, dining and living rooms w/ built-ins, FP. Upper unit features beautiful period touches: beamed Cathedral Ceilings, HWF's, BICC, FP. Also large upper storage rooms that might be expandable into living space. Fireplaces are unused - conditions unknown. Beautiful front foyer and sunporch accessible to both units. Basement includes two large tenant storage areas, common & laundry areas and a water closet.

Last Agent to Sell the Property

Amy Vecellio

Fathom Realty, LLC License #87665-94 Listed on: 08/15/2024

Fathom Realty, LLC

Last Buyer's Agent

Tylor Roehrig

Jason Mitchell Real Estate WI License #83701-94

Jason Mitchell Real Estate WI

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,199

Year Built

  • Built in 1917

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • 1 to 5 Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 3,141 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Seller's and tenant's personal property.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,199

Year Built

Built in 1917

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 2 oven/ranges, 2 refrigerators, 2 washers, 2 dryers, 1 oven/range hood, 1 lawnmower, 1 snowblower, 2 garage door remotes
  • Directions: North on 70th from Wisconsin Ave, West on Wells to property.
  • New Construction: No
  • Year Built: 1917
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 7040 W Wells AVENUE #7042
  • Lot Acreage: 0.16
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full
  • Second Floor Total Sq Ft: 3141.00

Exterior Features

  • Exclusions: Seller's and tenant's personal property.
  • Exterior Building Type: 2 Story, Duplex
  • Exterior: Vinyl

Garage/Parking

  • Parking Features:Workshop in Garage: Attached, Opener Included, 2 Car
  • Garage Spaces: 2.0
  • Garage/Parking: 1 Space

Utilities

  • Utilities: 2 Electric Meters, 2 Gas Meters
  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • Junior High Dist: Wauwatosa

Lot Info

  • Zoning: AA
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2023
  • Total Taxes: 5198.95

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Oct 10, 2024
Sold by
Pahl David W and Pahl Jennifer M
Bought by
Zhao Lloyd and Yang Michelle
Seller's Agent
Amy Vecellio
Fathom Realty, LLC
Buyer's Agent
Tylor Roehrig
Jason Mitchell Real Estate WI
List Price
$398,000
Sold Price
$383,000
Premium/Discount to List
-$15,000
-3.77%
Views
57
Current Estimated Value
$438,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,282
Avg. Annual Appreciation
13.70%
Original Mortgage
$306,400
Outstanding Balance
$303,179
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$135,103

Purchase Details

Closed on
Apr 16, 2015
Sold by
Behling Mark W and Behling Gale L
Bought by
Pahl David and Pahl Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,975
Interest Rate
3.77%

Purchase Details

Closed on
Apr 27, 2010
Sold by
Behling Robert L
Bought by
Behling Robert L and Behling Patricia R

Purchase Details

Closed on
Apr 2, 2009
Sold by
Behling Mark W
Bought by
Behling Mark W and Behling Gale L

Purchase Details

Closed on
May 23, 2002
Sold by
Behling Edith S and Behling Robert L
Bought by
Behling Robert L

Purchase Details

Closed on
May 10, 2001
Sold by
Behling Edith S
Bought by
Behling Robert L and Behling Mark W
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Zhao Lloyd $383,000 None Listed On Document
Pahl David $217,300 None Available
Behling Robert L -- None Available
Behling Mark W -- None Available
Behling Robert L -- --
Behling Robert L -- --
Behling Edith S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhao Lloyd $306,400
Previous Owner Pahl David $162,975
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2024 10/10/24 Sold $383,000 -3.8% $122 / Sq Ft
08/15/2024 08/15/24 For Sale $398,000 -- $127 / Sq Ft
Source: Metro MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,476 $245,700 $98,800 $146,900
2023 $5,199 $245,700 $98,800 $146,900
2022 $5,296 $245,700 $98,800 $146,900
2021 $5,064 $245,700 $98,800 $146,900
2020 $5,349 $245,700 $98,800 $146,900
2019 $5,440 $245,700 $98,800 $146,900
2018 $6,244 $246,400 $94,700 $151,700
2017 $5,780 $246,400 $94,700 $151,700
2016 $5,780 $246,400 $94,700 $151,700
2015 $5,694 $246,400 $94,700 $151,700
2014 $5,709 $246,400 $94,700 $151,700
2013 $5,789 $246,400 $94,700 $151,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Amy Vecellio

    Fathom Realty, LLC

    (414) 899-8070

    1 in this area

    16 Total Sales

    Amy Vecellio
    Section Image
  • Tylor Roehrig

    Buyer's Agent in 2024

    Tylor Roehrig

    Jason Mitchell Real Estate WI

    (920) 309-3607

    1 in this area

    54 Total Sales

    Tylor Roehrig
    Section Image
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Map

Source: Metro MLS

MLS Number: 1887816

Metro MLS

APN: 383-0316-000

Wisconsin Milwaukee County Milwaukee 53213

7040 W Wells St Unit 7042, Milwaukee, WI

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