Seller's Agent in 2025
Brian Lawton
EXIT Realty HGM
(262) 200-1252
1 in this area
125 Total Sales
819 Lum Ave Waterloo, WI 53594
--
Bed
--
Bath
1,500
Sq Ft
1.57
Acres
About This Home
As of January 2025Discover an exceptional investment opportunity with these 3 6-unit apartment buildings, perfectly designed for maximum income potential. Each unit boasts 2 spacious bedrooms and 1 modern bathroom, catering to a broad range of tenants seeking comfort and convenience. This property has a proven track record of generating substantial rental income, making it a reliable addition to your investment portfolio. It is situated in a desirable neighborhood with easy access to shopping, dining, and public transportation, attracting long-term tenants. The property includes sufficient parking spaces for all units, enhancing tenant convenience and property appeal. This apartment building is not just an investment; it's a high-performing asset that promises a steady stream of income!
Last Agent to Sell the Property
EXIT Realty HGM License #79723-94 Listed on: 07/10/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,309
Year Built
- Built in 1990
Home Design
- Brick Exterior Construction
- Vinyl Siding
- Stone Exterior Construction
Kitchen
- Eat-In Kitchen
- Oven or Range
Parking
- 28 Open Parking Spaces
- Outside Parking
Schools
- Waterloo Elementary And Middle School
- Waterloo High School
Utilities
- Radiant Heating System
- Separate Meters
- Individual Controls for Heating
Additional Features
- Wood Flooring
- 1.57 Acre Lot
Community Details
- 18 Units
- Net Operating Income $144,134
Listing and Financial Details
- Assessor Parcel Number 290-0813-0523-047
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 10, 2024
Closed on
Jan 30, 2025
Sold by
Ao Holdings Wisconsin Llc and Kf Holdings Llc
Bought by
Triple Lum Ave Llc
Seller's Agent
Brian Lawton
EXIT Realty HGM
Buyer's Agent
Jerilyn Endrizzi
Coldwell Banker Real Estate Group
List Price
$1,900,000
Sold Price
$1,715,000
Premium/Discount to List
-$185,000
-9.74%
Views
54
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,632
Avg. Annual Appreciation
1.19%
Original Mortgage
$954,100
Outstanding Balance
$952,443
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$770,283
Purchase Details
Listed on
May 28, 2021
Closed on
Aug 10, 2021
Sold by
Richwood Ranch Llc
Bought by
Ao Holdings Wisconsin Llc and Kf Holdings Llc
Seller's Agent
Mike Hellekson
Johnson & Hellekson Real Estate, LLC
Buyer's Agent
William Backes
Doering & Co Real Estate, LLC
List Price
$1,400,000
Sold Price
$1,400,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%
Original Mortgage
$1,120,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 13, 2018
Sold by
Parchem Robert
Bought by
Richwood Ranch Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,135
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 27, 2009
Sold by
Parchem Robert C and Parchem Ruth Caryl
Bought by
Parchem Robert C
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,715,000 | None Listed On Document | |
| Warranty Deed | $1,400,000 | None Available | |
| Warranty Deed | $1,020,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $954,100 | New Conventional | |
| Previous Owner | $1,120,000 | Commercial | |
| Previous Owner | $912,800 | Commercial | |
| Previous Owner | $165,000 | New Conventional | |
| Previous Owner | $691,135 | New Conventional | |
| Previous Owner | $1,470,000 | Purchase Money Mortgage | |
| Previous Owner | $1,810,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/30/2025 01/30/25 | Sold | $1,715,000 | -9.7% | $1,143 / Sq Ft |
| 12/02/2024 12/02/24 | Pending | -- | -- | -- |
| 07/10/2024 07/10/24 | For Sale | $1,900,000 | +35.7% | $1,267 / Sq Ft |
| 08/18/2021 08/18/21 | Sold | $1,400,000 | 0.0% | -- |
| 06/23/2021 06/23/21 | Pending | -- | -- | -- |
| 05/28/2021 05/28/21 | For Sale | $1,400,000 | -- | -- |
Source: South Central Wisconsin Multiple Listing Service
Tax History Compared to Growth
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 | $24,455 | $1,501,500 | $109,500 | $1,392,000 |
| 2023 | $25,309 | $1,242,500 | $94,500 | $1,148,000 |
| 2022 | $24,185 | $1,260,000 | $94,500 | $1,165,500 |
| 2021 | $24,657 | $1,260,000 | $94,500 | $1,165,500 |
| 2020 | $16,290 | $643,600 | $72,900 | $570,700 |
| 2019 | $16,410 | $643,600 | $72,900 | $570,700 |
| 2018 | $16,070 | $643,600 | $72,900 | $570,700 |
| 2017 | $15,456 | $643,600 | $72,900 | $570,700 |
| 2016 | $15,421 | $643,600 | $72,900 | $570,700 |
| 2015 | $15,773 | $643,600 | $72,900 | $570,700 |
| 2014 | $15,419 | $643,600 | $72,900 | $570,700 |
| 2013 | $15,296 | $643,600 | $72,900 | $570,700 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Lawton
-
Jerilyn Endrizzi
Buyer's Agent in 2025
Jerilyn Endrizzi
Coldwell Banker Real Estate Group
(608) 628-3751
1 in this area
84 Total Sales
-
Mike Hellekson
M
Seller's Agent in 2021
Mike Hellekson
Johnson & Hellekson Real Estate, LLC
(920) 206-0977
1 in this area
5 Total Sales
-
W
Buyer's Agent in 2021
William Backes
Doering & Co Real Estate, LLC
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1981105
APN: 290-0813-0523-047
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