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1227 North 55th Street

1227 North 55th Street, Milwaukee, WI 53208
Property in Wick Field
Sold Jul 06, 2016
$173,300
$173,250 by Landmark Cu
Mortgage Due Jul 01, 2046
Local assessors in Milwaukee, WI have categorized 1227 North 55th Street as a residential type of property. The home was built in 1926 and is 98 years old. The property's lot size has been calculated to be 6,000 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bungalow style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1227 North 55th Street has a total of 1,631 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 484 sqft. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1227 North 55th Street sold most recently in Jun 30, 2016 for a total of $173,300. If you work out the math, that's approximately a cost of $106.25 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,638 in taxes each year. 1227 North 55th Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $236,800. If we break it down further, the land itself was valued at $17,500. Improvements to the property, however, were assessed at a total of $219,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Bungalow
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,119
  • Garage Type: Detached
  • Garage Square Area: 484
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,631
  • Building Area: 1,631
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,631
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND PARK
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIGHLAND PARK NO 3 IN SW 1/4 SEC 23-7-21 BLOCK 3 LOT 7

Ownership

  • Current Owner : SANDERS ROBERT W
  • Current Owner 2: SANDERS KRISTA L
  • Previous Owner : HILLMANN RICHARD M
  • Previous Owner 2: HILLMANN PATRICIA J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Milwaukee School District
  • Census Tract: 012400

Zoning

  • Zoning: RT3

Geography

  • Assessors Map Reference: MB 36813
  • Section: Jul 21, 2023
  • Parcel: 368-0449-000
  • Block: 3
  • Lot: 7
  • Meridian: SEC 23 TWN 07N RNG 21E
  • Municipality: CITY OF MILWAUKEE
  • Latitude: 43.0467
  • Longitude: -87.9827

    Address

  • Full Address: 1227 N 55th St
  • Address - House Number: 1227
  • Street Direction: N
  • Address - Street Name: 55th
  • Address - Suffix Type: St
  • State: WI
  • City Name: Milwaukee
  • Carrier Code: C022
  • 4-Digit Zip Code: 2519
  • Zip Code: 53208

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,638

    Appraisal Valuation

  • Standard Deviation: 0.2724
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 61
  • Final Value: 309,410
  • High Value: 393,702
  • Low Value: 225,119

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $203,250
  • First Open Lien Mortgage Lender: LANDMARK CU
  • First Open Lien Mortgage Recording Date: Jul 06, 2016
  • First Open Lien Mortgage Loan Amount: $173,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2046
  • Second Open Lien Mortgage Lender: LANDMARK CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Apr 24, 2023
  • Second Open Lien Mortgage Loan Amount: $30,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $236,800
  • Market Land Value: $17,500
  • Market Improvement Value: $219,300

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $236,800
  • Assessed Land Value: $17,500
  • Assessed Improvements Value: $219,300

    Sales

  • Current Sale Contract Date: Jun 30, 2016
  • Current Sale Recording Date: Jul 06, 2016
  • Current Sale Transaction ID: 1637692109
  • Current Sale Price: $173,300
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10579638

    Last Sale Mortgage

  • First Mortgage Lender: LANDMARK CU
  • First Mortgage Transaction Date: Jul 06, 2016
  • First Mortgage Loan Amount: $173,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2046

About Wick Field



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Frequently Asked Questions

What neighborhood is 1227 North 55th Street located in?
The 1227 North 55th Street is a located in the neighborhood of Wick Field in Wick Field, Milwaukee.
What is the average sales price for listings in 1227 North 55th Street?
The average sales price for units in 1227 North 55th Street is $0 currently.

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