NOT LISTED FOR SALE

981 Armour Rd Unit 983 Oconomowoc, WI 53066

Estimated Value: $422,000 - $488,000

6 Beds
2 Baths
2,200 Sq Ft
$210/Sq Ft Est. Value

Last Sold March 29, 2012

Last sale price $220,000 $100 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,987/month

38 Days on Market

Highlights

  • Balcony
  • Eat-In Kitchen
  • Forced Air Heating System
  • Greenland Elementary School Rated A-
  • Water Softener is Owned

About This Home

As of March 2012

Nicely Updated Bank-Owned duplex in prime location on beautiful lot. Long term tenants in one unit and the other unit has been completely remodeled and ready to be lived in by an owner or tenant. New windows, exterior doors, downspouts, garage doors, furnaces, and much more! Seller is selling the property as-is and has not made warranty or representation regarding the condition of the property. Buyer is responsible for determining the condition of the property.

Last Agent to Sell the Property

Michael Montag

South Central Non-Member License #55541-90 Listed on: 01/30/2012

Last Buyer's Agent

Michael Montag

South Central Non-Member License #55541-90 Listed on: 01/30/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,036

Year Built

  • Built in 1982

Lot Details

  • 0.5

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Low Emissivity Windows

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • Garage
  • Garage Door Opener
  • Outside Parking

Schools

  • Greenland Elementary School
  • Nature Hill Middle School
  • Oconomowoc High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Balcony
  • 0.5 Acre Lot

Community Details

  • 2 Units
  • Net Operating Income $1,145

Listing and Financial Details

  • Assessor Parcel Number OCOC0586001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,036

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Municipality: Oconomowoc
  • Status Detail: Sold
  • Mailing City: Oconomowoc
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side, 2 story
  • Miscellaneous: Water Softener Owned
  • Noi Year: 13740
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Sump pump
  • Number Dish Washers: 2
  • Number Furnaces: 2
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Water Heaters: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel, Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Outside, Opener inc
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 700

Schools

  • School District: Oconomowoc
  • Elementary School: Greenland
  • Middle School: Nature Hill
  • High School: Oconomowoc
  • Elementary School: Greenland
  • High School: Oconomowoc
  • Middle School: Nature Hill
  • School District: Oconomowoc

Lot Info

  • Estimated Lot Sq Ft: 19775
  • Estimated Aces: 0.5
  • Zoning: Res
  • Lot Size: .5 Acres
  • Geo Subdivision: WI

Green Features

  • Energy Efficient Green: Low E Windows

Rental Info

  • Total Income: 1845

Tax Info

  • Land Assessment: 91200
  • Improvements: 195600
  • Total Assessment: 286800
  • Assessment year: 2011
  • Net Taxes: 5036
  • Tax Year: 2011
  • Assessor Parcel Number: OCOC0586001

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2012
Closed on
Mar 29, 2012
Sold by
Investorsbank
Bought by
Stefan Kurt M and Stefan Kyla M
Seller's Agent
Michael Montag
South Central Non-Member
Buyer's Agent
Michael Montag
South Central Non-Member
List Price
$249,900
Sold Price
$220,000
Premium/Discount to List
-$29,900
-11.96%
Total Days on Market
38
Current Estimated Value
$461,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,034
Avg. Annual Appreciation
5.82%
Original Mortgage
$165,000
Outstanding Balance
$116,439
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$347,809

Purchase Details

Closed on
May 21, 1997
Sold by
Charpie Leigh Ann and Charpie Teofilo Leigh
Bought by
Teofilo Michael V
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
Stefan Kurt M $220,000 None Available
Teofilo Michael V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stefan Kurt M $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2012 03/29/12 Sold $220,000 -12.0% $100 / Sq Ft
03/08/2012 03/08/12 Pending -- -- --
01/30/2012 01/30/12 For Sale $249,900 -- $114 / 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 $4,912 $423,400 $95,600 $327,800
2023 $4,792 $391,800 $95,600 $296,200
2022 $5,575 $375,900 $95,600 $280,300
2021 $4,993 $340,300 $95,600 $244,700
2020 $5,117 $273,000 $86,400 $186,600
2019 $4,910 $273,000 $86,400 $186,600
2018 $4,739 $273,000 $86,400 $186,600
2017 $4,666 $273,000 $86,400 $186,600
2016 $4,723 $273,000 $86,400 $186,600
2015 $4,684 $273,000 $86,400 $186,600
2014 $4,692 $273,000 $86,400 $186,600
2013 $4,692 $286,800 $91,200 $195,600
Source: Public Records

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1645140

South Central Wisconsin Multiple Listing Service

APN: OCOC-0586-001