NOT LISTED FOR SALE

75 Riverview Rd Kiel, WI 53042

Estimated Value: $1,292,119

Studio
-- Bath
-- Sq Ft
50,094 Sq Ft Lot

Sale Details

Date Sold: April 29, 2022

Last sale price $1,000,000

Est. 29% increase in value since last sale

Current estimated payment $7,863 / mo

2 Days on Market

About This Home

As of April 2022

3 identical 4 plexes built 1994 on one tax bill. All 2-bedroom units, 1 bath 1 car garage above average condition, great rental history. 710.00 rent each unit with leases. New roofs 2010 on all buildings and garages. All electric units' tenants pay all utilities. Seller pays parking lot exit lights. Unit in Building 1310 dewy St. New window on westside installed by seller waiting for contractor. Previous home inspection on file. Rent for 2021 were $78,360.00 because of COVID. Fully rented potential gross is $102,240.00. 2021 financial spreadsheet attached.

Last Agent to Sell the Property

Bill Cain

Avenue Real Estate LLC License #25958-90 Listed on: 02/28/2022

Last Buyer's Agent

Beaudoin Beaudoin

RE/MAX Universal License #52201-90

RE/MAX Universal

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1.15 Acre Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Listing and Financial Details

  • Exclusions: All tenants personal property. All water softeners in units are tenants.
  • Tenant pays for sewer, water, electricity, heat, gas
  • Assessor Parcel Number 05189500302000

Property Details

Home Type

Multi-Family

Lot Details

1.15 Acres

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 1.15
  • Inclusions: Stove, Refrigerator, dishwasher, wall air conditioner, door opener, and one car garage for each unit. Note* There is a two-car owner's garage on the property also. Unit 1310 upper unit #6 westside window is being replace by seller. Waiting for contractor.
  • Special Features: None

Interior Features

  • Owner Pays: Other
  • Has Basement: None

Exterior Features

  • Exclusions: All tenants personal property. All water softeners in units are tenants.
  • Construction Type: Aluminum Siding, Vinyl
  • Roof: Other, Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Extra Space Avail, Indoor Space, Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Kiel Area

Lot Info

  • Lot Size Sq Ft: 50094
  • Parcel #: 05189500302000

Rental Info

  • Tenant Pays: Sewer, Water, Electricity, Heat, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2022
Closed on
Apr 29, 2022
Sold by
Riverview Enterprises Llc
Bought by
Northshore Sheboygan Properties Llc
Seller's Agent
Bill Cain
Avenue Real Estate LLC
Buyer's Agent
Beaudoin Beaudoin
RE/MAX Universal
List Price
$1,000,000
Sold Price
$1,000,000
Current Estimated Value
$1,292,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,119
Avg. Annual Appreciation
6.76%
Original Mortgage
$1,000,000
Outstanding Balance
$936,307
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$355,812

Purchase Details

Closed on
Apr 30, 2008
Sold by
Kupsch Trust
Bought by
Riverview Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Northshore Sheboygan Properties Llc $1,000,000 None Listed On Document
Riverview Enterprises Llc $735,000 --
Riverview Enterprises Llc $145,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Northshore Sheboygan Properties Llc $1,000,000
Previous Owner Riverview Enterprises Llc $880,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $1,000,000 0.0% --
02/26/2022 02/26/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $1,000,000 -- --
Source: Metro MLS

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 $12,161 $820,000 $76,800 $743,200
2023 $13,280 $820,000 $76,800 $743,200
2022 $14,804 $713,200 $41,000 $672,200
2021 $14,391 $713,200 $41,000 $672,200
2020 $14,856 $713,200 $41,000 $672,200
2019 $13,678 $713,200 $41,000 $672,200
2018 $13,704 $608,400 $33,400 $575,000
2017 $13,091 $608,400 $33,400 $575,000
2016 $13,210 $608,400 $33,400 $575,000
2015 $12,754 $608,400 $33,400 $575,000
2014 $12,805 $608,400 $33,400 $575,000
2013 $13,360 $608,400 $33,400 $575,000
Source: Public Records

Agents Affiliated with this Home

  • Bill Cain

    Seller's Agent in 2022

    Bill Cain

    Avenue Real Estate LLC

    (920) 980-2588

    1 in this area

    50 Total Sales

    Bill Cain
    Section Image

  • B

    Buyer's Agent in 2022

    Beaudoin Beaudoin

    RE/MAX

    (920) 980-8889

    6 in this area

    406 Total Sales

    Beaudoin Beaudoin
    Section Image
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Map

Source: Metro MLS

MLS Number: 1781086

Metro MLS

APN: 051-895-003-020.00

Wisconsin Manitowoc County Kiel 53042

75 Riverview Rd, Kiel, WI

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