NOT LISTED FOR SALE

E6270 866th Ave Unit 1-12 Colfax, WI 54730

Estimated Value: $832,617

-- Bed
-- Bath
8,400 Sq Ft
1.06 Acres

Last Sold October 13, 2023

Last sale price $785,000 $93 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,382/month

90 Days on Market

Highlights

  • Lake Front
  • 1 Fireplace
  • Cooling Available
  • Deck
  • Porch
  • Open Patio

About This Home

As of October 2023

12-unit apartment complex on Tainter Lake! Gorgeous lake views and cool character with large porch/patio lakeside, large parking lot and coin laundry onsite. Two efficiency units, nine one-bedroom units and one two-bedroom unit. Nice investment property at above market cap rate of 8.03%, with further upside available in rents.

Last Listed By

Bryan Raven

Chippewa Valley Real Estate, LLC Brokerage Phone: 715-832-2222 License #50853-90 Listed on: 06/15/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,954

Year Built

  • Built in 1940

Lot Details

  • Lake Front

Parking

  • Driveway

Home Design

  • Block Foundation
  • Wood Siding
  • Log Siding

Interior Spaces

  • 1 Fireplace
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Dishwasher

Outdoor Features

  • Deck
  • Open Patio
  • Shed
  • Porch

Utilities

  • Cooling Available
  • Baseboard Heating
  • Drilled Well
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Tenants Personal
  • Assessor Parcel Number 1703822912160070069

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,954

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Directions: I-94 West, North on Hwy 25 to East on Hwy D past Jake
  • Lot Size: 1 x 1 x
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Year Built: 1940
  • Lot Size Acres: 1.06
  • Water Body Name: Tainter
  • Attribution Contact: 715-832-2222
  • Co List Office Phone: 715-832-2222
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 5300.0
  • Reso Fireplace Features: One
  • Living Area: 8400.0
  • Property Sub Type Additional: Apartment
  • Special Features: None

Interior Features

  • Has Basement: Full, Partially Finished, Walk-Out Access
  • Appliances: Dishwasher, Electric Water Heater, Oven, Range, Refrigerator
  • Basement YN: Yes
  • Below Grade Sq Ft: 3100.0
  • Fireplaces: 1
  • Fireplace: Yes

Exterior Features

  • Foundation Details: Block
  • Waterfront: Yes
  • Waterfront Features: Lake
  • Exclusions: Tenants Personal
  • Construction Type: Log, Wood Siding
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Open, Porch

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Baseboard
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Drilled Well

Schools

  • Junior High Dist: Colfax

Lot Info

  • ResoLotSizeUnits: Acres
  • Parcel Number: 1703822912160070069
  • Zoning Description: Shoreline
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7954.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Oct 13, 2023
Sold by
Arete Investments Llc
Bought by
Meyer Howard J
Seller's Agent
Bryan Raven
Chippewa Valley Real Estate, LLC
Buyer's Agent
Bryan Raven
Chippewa Valley Real Estate, LLC
List Price
$815,000
Sold Price
$785,000
Premium/Discount to List
-$30,000
-3.68%
Total Days on Market
90
Current Estimated Value
$832,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,617
Avg. Annual Appreciation
4.33%

Range of Values:

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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
Meyer Howard J $785,000 Attorney Adam B. Rasmussen
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $785,000 -3.7% $93 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $815,000 +33.4% $97 / Sq Ft
01/15/2021 01/15/21 Sold $611,000 -3.0% $73 / Sq Ft
12/16/2020 12/16/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $629,900 -- $75 / Sq Ft
Source: Northwestern 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 $9,189 $516,000 $160,000 $356,000
2023 $8,567 $516,000 $160,000 $356,000
2022 $7,955 $516,000 $160,000 $356,000
2021 $8,612 $516,000 $160,000 $356,000
Source: Public Records

Agents Affiliated with this Home

  • Bryan Raven

    Seller's Agent in 2023

    Bryan Raven

    Chippewa Valley Real Estate, LLC

    (715) 620-1600

    539 Total Sales

    Bryan Raven
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Map

Source: Northwestern Wisconsin Multiple Listing Service

MLS Number: 1577812

Northwestern Wisconsin Multiple Listing Service

APN: 1703822912160070069

Wisconsin Dunn County Colfax 54730

E6270 866th Ave Unit 1-12, Colfax, WI

Homes for Sale in Colfax, WI

This home is located at E6270 866th Ave Unit 1-12, Colfax, WI 54730 since 15 June 2023 and is currently estimated at $832,617, approximately $99 per square foot. This property was built in 1940. E6270 866th Ave Unit 1-12 is a home located in Dunn County with nearby schools including Colfax Elementary School and Colfax High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwestern Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.