NOT LISTED FOR SALE

W2550 Springfield Rd Lake Geneva, WI 53147

Estimated Value: $369,000 - $524,000

-- Bed
-- Bath
3,016 Sq Ft
$138/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $346,000 $115 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,495/month

176 Days on Market

Highlights

  • 1.07 Acre Lot
  • Wood Siding
  • Heating System Uses Natural Gas
  • Enclosed Parking

About This Home

As of June 2024

Explore a unique investment opportunity! This property seamlessly combines serenity and convenience, featuring three delightful one-bedroom, one-bathroom units on an expansive 1.07-acre lot bordering the picturesque White River Trail. Enjoy the added benefits of private garages, thoughtfully designed living spaces, ample room for outdoor activities, a large barn for all your storage needs, and a prime Elkhorn, WI location. The investment potential is substantial, whether you seek rental income or prefer to live in one unit while leasing the others. Take advantage of direct access to the White River Trail for outdoor activities like walking, jogging, and biking. This property is the ideal blend of nature, convenience, and investment potential.

Last Agent to Sell the Property

Sean Levitt

RE/MAX Plaza License #58425-90 Listed on: 11/08/2023

RE/MAX Plaza

Last Buyer's Agent

Tina Evens

RE/MAX Service First Lake Country License #49643-94

RE/MAX Service First Lake Country

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,933

Year Built

  • Built in 1930

Lot Details

  • 1.07 Acre Lot

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 3,016 Sq Ft Home
  • Multi-Level Property

Basement

  • Partial Basement
  • Laundry in Basement

Parking

  • Enclosed Parking
  • Outside Parking

Utilities

  • Heating System Uses Natural Gas
  • Well Required
  • Septic System

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,933

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Directions: 120 N to Springfield W to property
  • New Construction: No
  • Year Built: 1930
  • Cleared Acreage: Over 1 acre to 2 acres
  • Full Street Address: W2550 Springfield ROAD
  • Type 5 Heat Fuel: Electric, Natural Gas
  • Lot Acreage: 1.07
  • Municipality Type: Town
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Seller Owned: Water Heater
  • Has Basement: Laundry Facilities, Partial
  • Second Floor Total Sq Ft: 3016.00

Exterior Features

  • Exterior Building Type: Duplex +
  • Exterior: Wood

Garage/Parking

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

Utilities

  • Water Waste: Well, Private Septic System

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

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

Lot Info

  • Zoning: RES
  • Acreage Range: 1 to 4.99

Tax Info

  • Tax Year: 2022
  • Total Taxes: 2933.49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2023
Closed on
Jun 25, 2024
Sold by
Dcr Restaurant Group Llc
Bought by
Seed To Tree Llc
Seller's Agent
Sean Levitt
RE/MAX Plaza
Buyer's Agent
Tina Evens
RE/MAX Service First Lake Country
List Price
$359,000
Sold Price
$346,000
Premium/Discount to List
-$13,000
-3.62%
Views
504
Current Estimated Value
$415,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,504
Avg. Annual Appreciation
15.64%
Original Mortgage
$276,800
Outstanding Balance
$273,268
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$142,236

Purchase Details

Closed on
Dec 12, 2016
Sold by
Pody Michael S
Bought by
Dcr Restaurant Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.47%
Mortgage Type
Future Advance Clause Open End Mortgage
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 Buyer Sale Price Title Company
Seed To Tree Llc $346,000 None Listed On Document
Dcr Restaurant Group Llc $200,000 Knight Barry Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seed To Tree Llc $276,800
Previous Owner Dcr Restaurant Group Llc $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $346,000 -2.5% $115 / Sq Ft
02/19/2024 02/19/24 Price Changed $354,900 -1.1% $118 / Sq Ft
11/08/2023 11/08/23 For Sale $359,000 -- $119 / 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 $3,512 $339,000 $90,000 $249,000
2023 $3,562 $339,000 $90,000 $249,000
2022 $2,977 $164,300 $40,300 $124,000
2021 $2,771 $164,300 $40,300 $124,000
2020 $2,610 $164,300 $40,300 $124,000
2019 $2,659 $164,300 $40,300 $124,000
2018 $2,973 $164,300 $40,300 $124,000
2017 $2,715 $142,800 $40,300 $102,500
2016 $2,814 $142,800 $40,300 $102,500
2015 $2,951 $142,800 $40,300 $102,500
2014 $2,918 $142,800 $40,300 $102,500
2013 $2,918 $142,800 $40,300 $102,500
Source: Public Records

Agents Affiliated with this Home

  • Sean Levitt

    Seller's Agent in 2024

    Sean Levitt

    RE/MAX

    (262) 960-2899

    8 in this area

    121 Total Sales

    Sean Levitt
    Section Image
  • Tina Evens

    Buyer's Agent in 2024

    Tina Evens

    RE/MAX Service First Lake Country

    (262) 409-9569

    1 in this area

    29 Total Sales

    Tina Evens
    Section Image
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Map

Source: Metro MLS

MLS Number: 1857056

Metro MLS

APN: JA76700001

Wisconsin Walworth County Lake Geneva 53121

W2550 Springfield Rd, Lake Geneva, WI

This home is located at W2550 Springfield Rd, Lake Geneva, WI 53147 since 08 November 2023 and is currently estimated at $415,504, approximately $137 per square foot. This property was built in 1930. W2550 Springfield Rd is a home located in Walworth County with nearby schools including Badger High School, Mount Zion Christian School, and First Lutheran School.

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