NOT LISTED FOR SALE

75 Riverview Rd Kiel, WI 53042

Estimated Value: $1,195,555

-- Bed
-- Bath
-- Sq Ft
1.15 Acres

Last Sold April 29, 2022

Last sale price $1,000,000

Est. 20% increase in value since last sale

Current estimated payment $7,615/month

2 Days on Market

Highlights

  • 1.15 Acre Lot
  • Enclosed Parking
  • Heating Available
  • Kiel Middle School Rated A-

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: 02/24/2022

Last Buyer's Agent

Team* Beaudoin

RE/MAX Universal License #52201-90

RE/MAX Universal

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $14,390

Year Built

  • Built in 1994

Lot Details

  • 1.15

Home Design

  • Composition Roof
  • Vinyl Siding

Parking

  • Enclosed Parking
  • Outside Parking

Additional Features

  • Multi-Level Property
  • 1.15 Acre Lot
  • Heating Available

Community Details

  • 12 Units

Listing and Financial Details

  • Exclusions: All tenants personal property. All water softeners in units are tenants.

Property Details

Home Type

Apartment

Est. Annual Taxes

$14,390

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • 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.
  • New Construction: No
  • Year Built: 1994
  • Cleared Acreage: Over 1 acre to 2 acres
  • Architecture: Other
  • Full Street Address: 75 Riverview Rd
  • Type 5 Heat Fuel: Electric
  • Lot Acreage: 1.15
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Seller Leased: Water Heater, Seller Owned: Water Heater
  • Has Basement: None / Slab

Exterior Features

  • Exclusions: All tenants personal property. All water softeners in units are tenants.
  • Exterior Building Type: Apartment Building
  • Exterior: Aluminum/Steel, Aluminum, Vinyl

Garage/Parking

  • Parking Features:Workshop in Garage: Indoor Space
  • Garage/Parking: Extra Space Available, Outdoor Space, Inside Parking, Outside

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

  • School District: Kiel Area
  • Junior High Dist: Kiel Area

Lot Info

  • Zoning: Residential
  • Acreage Range: 1 to 4.99

Tax Info

  • Tax Year: 2021
  • Total Taxes: 14390.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2008
Sold by
Kupsch Trust
Bought by
Riverview Enterprises Llc
Current Estimated Value
$1,195,555

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
Outstanding Balance
$569,507
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$708,544
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
Riverview Enterprises Llc $735,000 --
Riverview Enterprises Llc $145,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riverview Enterprises Llc $880,000
Previous Owner Kupsch Michael L $0
Previous Owner Kupsch Michael L $505,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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 $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

    46 Total Sales

    Section Image

  • T

    Buyer's Agent in 2022

    Team* Beaudoin

    RE/MAX

    (920) 980-8889

    6 in this area

    385 Total Sales

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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

This home is located at 75 Riverview Rd, Kiel, WI 53042 since 24 February 2022 and is currently estimated at $1,195,555. This property was built in 1994. 75 Riverview Rd is a home located in Manitowoc County with nearby schools including Zielanis Elementary School, Kiel Middle School, and Kiel High School.

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