NOT LISTED FOR SALE

711 Ridge St Mineral Point, WI 53565

Estimated Value: $424,143

6 Beds
4 Baths
2,910 Sq Ft
$146/Sq Ft Est. Value

Last Sold July 15, 2023

Last sale price $385,000 $132 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,737/month

50 Days on Market

Highlights

  • Wood Flooring
  • Accessible Bedroom
  • Forced Air Heating and Cooling System
  • Home Security System
  • Accessible Full Bathroom
  • Dining Room

About This Home

As of July 2023

Invest in your future with this one-of-a kind opportunity to own a 4 unit brick apartment building located in the historic town of Mineral Point. This property boasts a great rental history, and includes features like central air conditioning for efficiency, plus a 2 car garage and coin operated laundry for added convenience. Don't miss out on owning a property boasting with rental success!

Last Agent to Sell the Property

Christina Weitzel

RE/MAX Preferred License #85554-94 Listed on: 04/25/2023

RE/MAX Preferred

Last Buyer's Agent

Danielle Lindsey

Potterton Rule Real Estate LLC License #63312-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,426

Year Built

  • Built in 1950

Lot Details

  • 9,583 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Dining Room
  • Wood Flooring
  • Home Security System
  • Oven or Range

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 6 Open Parking Spaces
  • 2 Covered Spaces
  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

  • Mineral Point Elementary And Middle School
  • Mineral Point High School

Utilities

  • Forced Air Heating and Cooling System
  • Individual Controls for Heating
  • High Speed Internet

Community Details

  • 4 Units
  • Laundry Facilities
  • Net Operating Income $31,034

Listing and Financial Details

  • Assessor Parcel Number 251-0778

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,426

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Municipality: Mineral Point
  • Status Detail: Sold
  • Mailing City: Mineral Point
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Barrier Free: First floor bedroom, First floor full bath, Level drive
  • Items Excluded: Tenants personal property
  • Items Included: Refrigerator (4), Stoves (4), Coin Operated Washer and Dryer
  • Miscellaneous: Security system, Shared laundry, Internet - Cable, Internet - DSL, Internet - Fixed wireless, Internet - Satellite/Dish
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard
  • Number Dryers: 1
  • Number Furnaces: 2
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Units W Ac: 4
  • Number Washers: 1
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 2
  • Parking Stalls Outside: 6

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Detached, Outside

Fee Information

  • Total Expenses: 12226

Schools

  • School District: Mineral Point
  • Elementary School: Mineral Point
  • Middle School: Mineral Point
  • High School: Mineral Point
  • Elementary School: Mineral Point
  • High School: Mineral Point
  • Middle School: Mineral Point
  • School District: Mineral Point

Lot Info

  • Estimated Aces: 0.22
  • Zoning: R-3
  • Geo Subdivision: WI

Rental Info

  • Total Income: 43260

Tax Info

  • Land Assessment: 30600
  • Improvements: 152600
  • Total Assessment: 183200
  • Assessment year: 2022
  • Net Taxes: 4426
  • Tax Year: 2022
  • Assessor Parcel Number: 251-0778

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of2 Bedrooms: 2
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2018
Closed on
Sep 20, 2018
Sold by
Gluscic John J
Bought by
Klaas Jonathan
Seller's Agent
Mike Wagner
First Weber Inc
Buyer's Agent
Mo Afshar
Sprinkman Real Estate
List Price
$179,900
Sold Price
$169,900
Premium/Discount to List
-$10,000
-5.56%
Current Estimated Value
$424,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,243
Avg. Annual Appreciation
13.72%

Purchase Details

Closed on
Mar 20, 2009
Sold by
Burnham Shane C
Bought by
Gluscic John

Purchase Details

Closed on
Mar 1, 2005
Sold by
Wagner Michael P and Wagner Lisa K
Bought by
Burnham Shane C and Burnham Jessica L
Source: Public Records

Range of Values:

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Average Value
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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
Klaas Jonathan $169,900 --
Gluscic John $173,500 --
Burnham Shane C $159,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gluscic John $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2023 07/15/23 Sold $385,000 -9.4% $132 / Sq Ft
05/15/2023 05/15/23 Price Changed $425,000 -5.6% $146 / Sq Ft
05/01/2023 05/01/23 For Sale $450,000 +16.9% $155 / Sq Ft
04/28/2023 04/28/23 Off Market $385,000 -- --
04/25/2023 04/25/23 For Sale $450,000 +164.9% $155 / Sq Ft
09/20/2018 09/20/18 Sold $169,900 -5.6% $58 / Sq Ft
07/10/2018 07/10/18 Pending -- -- --
04/25/2018 04/25/18 For Sale $179,900 -- $62 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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 $4,980 $183,200 $30,600 $152,600
2023 $4,668 $183,200 $30,600 $152,600
2022 $4,426 $183,200 $30,600 $152,600
2021 $4,247 $183,200 $30,600 $152,600
2020 $4,475 $183,200 $30,600 $152,600
2019 $4,271 $183,200 $30,600 $152,600
2018 $4,137 $183,200 $30,600 $152,600
2017 $4,324 $173,300 $30,600 $142,700
2016 $4,171 $173,300 $30,600 $142,700
2015 $4,097 $173,300 $30,600 $142,700
2014 -- $173,300 $30,600 $142,700
2013 -- $173,300 $30,600 $142,700
2012 -- $173,300 $30,600 $142,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1954574

South Central Wisconsin Multiple Listing Service

APN: 251-0778