NOT LISTED FOR SALE

718 Monroe Ave South Milwaukee, WI 53172

Historic Lakeview Neighborhood

Estimated Value: $238,000 - $260,000

3 Beds
1 Bath
924 Sq Ft
$268/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $230,000 $249 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,429/month

3 Days on Market

Highlights

  • 2 Car Detached Garage
  • 1-Story Property
  • Walk-in Shower
  • Patio
  • Forced Air Heating and Cooling System
  • High Speed Internet

About This Home

As of March 2024

This cheery ranch is a great way to get into South Milwaukee homeownership affordably! Offering an ample living room, tidy eat-in kitchen outfitted with a full stainless steel appliance package, clean and modern bathroom with walk-in shower, and three bedrooms, this home is move-in ready but leaves a little for you to make your own mark. Solid mechanicals are ready to serve. Enjoy sunny days and fun nights in the near maintenance-free backyard that is great for entertaining. A large 2.5 car garage provides off-street parking and storage and features a handy rear pass-thru door. Hang out on the front porch and say ''hi'' to the neighbors, or take a quick jaunt to the parkway, Grant Park, or the lake for some fresh air and scenery. Great location, affordable to own, and a must see!

Last Agent to Sell the Property

John Newland

TerraNova Real Estate License #55028-90 Listed on: 02/27/2024

Last Buyer's Agent

Falk Ruvin Gallagher Team

Keller Williams Realty-Milwaukee North Shore License #48420-90

Keller Williams Realty-Milwaukee North Shore

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,892

Year Built

  • Built in 1958

Lot Details

  • 3,485

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding
  • Aluminum Trim

Interior Spaces

  • 924 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Walk-in Shower

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction

Schools

  • South Milwaukee Middle School
  • South Milwaukee High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet

Additional Features

  • Patio
  • 3,485 Sq Ft Lot

Listing and Financial Details

  • Exclusions: Seller's personal property

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,892

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Single-Family
  • Inclusions: Refrigerator, oven/range, dishwasher, and microwave
  • Directions: Milwaukee Ave to 8th Ave, north to Monroe Ave, east to home (no sign)
  • New Construction: No
  • Year Built: 1958
  • Cleared Acreage: Less than 1/2
  • Architecture: Ranch
  • Full Street Address: 718 Monroe AVENUE
  • Type 5 Heat Fuel: Natural Gas
  • Kitchen Level: Main
  • Lot Acreage: 0.08
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
  • Has Basement: Block, Full, Sump Pump
  • Interior Amenities: Cable/Satellite Available, High Speed Internet, Wood or Sim.Wood Floors
  • Bathroom Description: Shower Stall
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 12
  • Second Floor Total Sq Ft: 924.00

Exterior Features

  • Exclusions: Seller's personal property
  • Exterior Features: Patio
  • Exterior Building Type: 1 Story
  • Exterior: Aluminum Trim, Other, Vinyl

Garage/Parking

  • Parking Features:Workshop in Garage: Opener Included, Detached, 2 Car
  • Garage Spaces: 2.0

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • High School: South Milwaukee
  • Junior High Dist: South Milwaukee

Lot Info

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

Tax Info

  • Tax Year: 2023
  • Total Taxes: 2892.0

MLS Schools

  • Middle School: South Milwaukee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2024
Closed on
Mar 28, 2024
Sold by
Absolute Equity Partners Llc
Bought by
Ahern Peter
Seller's Agent
John Newland
TerraNova Real Estate
Buyer's Agent
Falk Ruvin Gallagher Team
Keller Williams Realty-Milwaukee North Shore
List Price
$209,900
Sold Price
$230,000
Premium/Discount to List
$20,100
9.58%
Views
255
Current Estimated Value
$247,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,985
Avg. Annual Appreciation
4.76%
Original Mortgage
$184,000
Outstanding Balance
$181,261
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$66,724

Purchase Details

Listed on
Feb 27, 2024
Closed on
Feb 13, 2024
Sold by
Finch Kimberly B
Bought by
Absolute Equity Partners Llc
Seller's Agent
John Newland
TerraNova Real Estate
Buyer's Agent
Falk Ruvin Gallagher Team
Keller Williams Realty-Milwaukee North Shore
List Price
$209,900
Sold Price
$230,000
Premium/Discount to List
$20,100
9.58%
Views
255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Outstanding Balance
$181,261
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$66,724

Purchase Details

Closed on
Sep 5, 2008
Sold by
Vega Augustine J and Vega Josie J
Bought by
Finch Kimberly B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,417
Interest Rate
6.54%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 19, 2003
Sold by
Ugowski Raymond R and Ugowski Peggy A
Bought by
Vega Augustine J and Vega Josie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,580
Interest Rate
5.47%
Mortgage Type
Purchase Money Mortgage
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
Ahern Peter $230,000 Merit Title
Absolute Equity Partners Llc $155,000 Merit Title
Finch Kimberly B $139,900 K & M Title Llc
Vega Augustine J $114,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahern Peter $184,000
Previous Owner Absolute Equity Partners Llc $160,000
Previous Owner Finch Kimberly B $138,417
Previous Owner Vega Augustine J $110,580
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2024 03/28/24 Sold $230,000 +9.6% $249 / Sq Ft
02/27/2024 02/27/24 For Sale $209,900 -- $227 / 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 $1,491 $154,800 $50,400 $104,400
2023 $2,892 $154,800 $50,400 $104,400
2022 $2,948 $154,800 $50,400 $104,400
2021 $3,108 $118,000 $43,000 $75,000
2020 $3,141 $118,000 $43,000 $75,000
2019 $3,070 $118,000 $43,000 $75,000
2018 $3,358 $118,000 $43,000 $75,000
2017 $2,983 $118,000 $43,000 $75,000
2016 $2,917 $118,000 $43,000 $75,000
2015 $2,932 $118,000 $43,000 $75,000
2014 $2,862 $118,000 $43,000 $75,000
2013 $3,078 $118,000 $43,000 $75,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    John Newland

    TerraNova Real Estate

    (414) 852-0921

    1 in this area

    520 Total Sales

    John Newland
    Section Image
  • Falk Ruvin Gallagher Team

    Buyer's Agent in 2024

    Falk Ruvin Gallagher Team

    Keller Williams Realty-Milwaukee North Shore

    (414) 622-7159

    3 in this area

    1,064 Total Sales

    Falk Ruvin Gallagher Team
    Section Image
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Map

Source: Metro MLS

MLS Number: 1865798

Metro MLS

APN: 771-0261-000

Wisconsin Milwaukee County South Milwaukee 53172 Historic Lakeview

718 Monroe Ave, South Milwaukee, WI

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