$360,000
SOLD JUL 17, 2024

N88W17146 Main St Menomonee Falls, WI 53051

-- Bed
-- Bath
2,023 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$178 Per Sq Ft

10% Below List Price

42 Days on Market

About This Home

As of July 2024

Introducing this fantastic investment opportunity in Menomonee Falls! This well-maintained 3-family property offers three charming 1-bedroom units, each boasting eat-in KIT's, Living rooms and BR's each w/hardwood floors, and in-unit storage. Unit 3 is a standout with an additional sunroom, perfect for relaxation or extra storage space. The property is loaded with updates, see list of updates in documents tab. A significant feature is the four-car garage, offering additional rental income or convenient parking for tenants. Currently, the property enjoys the stability of long-term tenants. Located just steps from beautiful downtown Menomonee Falls, this property is not only a great investment but also offers the convenience of easy access to shops, restaurants, and amenities.

Last Agent to Sell the Property

Tyler Vande Zande

Compass RE WI-Tosa License #54478-94 Listed on: 04/29/2024

Compass RE WI-Tosa

Last Buyer's Agent

Koni White

Homestead Realty, Inc License #89299-94

Homestead Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,818

Year Built

  • Built in 1900

Home Design

  • Duplex

Interior Spaces

  • 2,023 Sq Ft Home
  • Multi-Level Property
  • Partial Basement

Parking

  • Enclosed Parking
  • Outside Parking

Schools

  • North Middle School
  • Menomonee Falls High School

Additional Features

  • 9,583 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Seller's and tenant's personal property.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,818

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: Unit 1: stove, refrigerator Unit 2: stove, refrigerator Unit 3: stove, refrigerator, rolling kitchen cart. Washer and dryer in basement.
  • Directions: Main St. just west of beautiful downtown Menomonee Falls
  • New Construction: No
  • Year Built: 1900
  • Cleared Acreage: Less than 1/2
  • Full Street Address: N88W17146 Main STREET
  • Type 5 Heat Fuel: Natural Gas
  • Lot Acreage: 0.22
  • Municipality Type: Village
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Seller Owned: Dryer, Seller Owned: Washer
  • Has Basement: Crawl Space Only, Partial
  • Second Floor Total Sq Ft: 2023.00

Exterior Features

  • Exclusions: Seller's and tenant's personal property.
  • Exterior Building Type: Duplex +
  • Exterior: Aluminum/Steel, Aluminum

Garage/Parking

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

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

  • School District: Menomonee Falls
  • Middle School: North
  • High School: Menomonee Falls
  • High School: Menomonee Falls
  • Junior High Dist: Menomonee Falls

Lot Info

  • Zoning: RES
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2023
  • Total Taxes: 3818.0

MLS Schools

  • Middle School: North

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2024
Closed on
Jul 16, 2024
Sold by
Duerrwaechter Daniel J
Bought by
Mks Development Llc
Seller's Agent
Tyler Vande Zande
Compass RE WI-Tosa
Buyer's Agent
Koni White
Homestead Realty, Inc
List Price
$399,900
Sold Price
$360,000
Premium/Discount to List
-$39,900
-9.98%
Total Days on Market
42
Views
120
Current Estimated Value
$375,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,513
Avg. Annual Appreciation
4.75%

Purchase Details

Closed on
Jan 23, 2006
Sold by
Lamping Robert J and Lamping Marilyn S
Bought by
Duerrwaechter Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,700
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $360,000 Merit Title
Warranty Deed $191,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $140,000 New Conventional
Previous Owner $150,000 New Conventional
Previous Owner $152,800 Unknown
Previous Owner $133,700 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2024 07/17/24 Sold $360,000 -5.2% $178 / Sq Ft
05/29/2024 05/29/24 Price Changed $379,900 -5.0% $188 / Sq Ft
05/10/2024 05/10/24 For Sale $399,900 -- $198 / Sq Ft
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 $3,954 $303,400 $89,500 $213,900
2023 $3,832 $303,400 $89,500 $213,900
2022 $3,274 $172,400 $61,800 $110,600
2021 $3,147 $172,400 $61,800 $110,600
2020 $3,235 $172,400 $61,800 $110,600
2019 $3,129 $172,400 $61,800 $110,600
2018 $2,558 $138,400 $61,800 $76,600
2017 $2,610 $138,400 $61,800 $76,600
2016 $2,657 $138,400 $61,800 $76,600
2015 $2,650 $138,400 $61,800 $76,600
2014 $2,491 $138,400 $61,800 $76,600
2013 $2,491 $138,400 $61,800 $76,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1873158

Metro MLS

APN: MNFV-0011-977