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2431 West Capitol Drive

2431 West Capitol Drive, Milwaukee, WI 53206
Multifamily in Franklin Heights
Sold Jun 05, 2023
$550,000
$8,580,000 by Old National Bank
Mortgage
Sold Sep 18, 2018
$440,000
$352,000 by Us Bank Na
Mortgage
2431 West Capitol Drive in Milwaukee, WI was first built in 1928 and is 96 years old. This has been categorized as a residential property type. There are a total of 3 floors. There are a total of 60 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2431 West Capitol Drive has 13,937 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,240 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2431 West Capitol Drive was last sold in May 26, 2023 for $550,000. According to our calculations, that's $39.46 per sqft. Prior to that sales transaction, the property was sold for $440,000 in Aug 28, 2018. Current property owners are expected to pay $13,181 in taxes per year. The property on 2431 West Capitol Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $553,600. To break that down further, the land itself was valued at $37,700. While improvements to the property were assessed at a total of $515,900. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Total Rooms: 60
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Floor Count: 3
  • Living Units: 18
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,240
  • Total Building Area: 13,937
  • Gross Building Area: 13,937
  • Building Area: 13,937
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 13,937
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FREIHUBE'S SUBD,
  • Land Acres: 0.143
  • Standard Land Use Code: Apartment house (5+ units)
  • Legal Description 1: FREIHUBE'S SUBD, (E C) OF SW 1/4 SEC 6 & NW 1/4 SEC 7-7-22 E 80' OF S 78' LOT 19 ADJ LOT 26 BLK 5 ROSEMONT NO 2

Ownership

  • Current Owner : BERRADA PROPERTIES 118 LLC
  • Previous Owner : CAPITOL INVESTMENT REALTY LLC
  • Owner Before Previous Owner: NK INVESTMENT GROUP LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Milwaukee School District
  • Census Tract: 004700

Zoning

  • Zoning: LB2

Geography

  • Assessors Map Reference: MB 6875
  • Section: 6
  • Parcel: 270-0304-000
  • Block: 5
  • Lot: 19,26
  • Meridian: SEC 07 TWN 70N RNG 22E
  • Municipality: CITY OF MILWAUKEE
  • Latitude: 43.0895
  • Longitude: -87.943

    Address

  • Full Address: 2431 W Capitol Dr
  • Address - House Number: 2431
  • Street Direction: W
  • Address - Street Name: Capitol
  • Address - Suffix Type: Dr
  • State: WI
  • City Name: Milwaukee
  • Carrier Code: C089
  • 4-Digit Zip Code: 1400
  • Zip Code: 53206

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,181

    Appraisal Valuation

  • Standard Deviation: 0.4707
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 5
  • Final Value: 318,662
  • High Value: 468,669
  • Low Value: 168,654

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,580,000
  • First Open Lien Mortgage Lender: OLD NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jun 23, 2023
  • First Open Lien Mortgage Loan Amount: $8,580,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $553,600
  • Market Land Value: $37,700
  • Market Improvement Value: $515,900

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $553,600
  • Assessed Land Value: $37,700
  • Assessed Improvements Value: $515,900

    Sales

  • Current Sale Contract Date: May 26, 2023
  • Current Sale Recording Date: Jun 05, 2023
  • Current Sale Transaction ID: 11907524517
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11341825
  • Previous Sale Recording Date: Sep 18, 2018
  • Previous Sale Contract Date: Aug 28, 2018
  • Previous Sale Amount: $440,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRI CITY NATIONAL BANK
  • First Mortgage Transaction Date: Jun 05, 2023
  • First Mortgage Loan Amount: $2,137,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: US BANK NA
  • Previous Mortgage Transaction Date: Sep 18, 2018
  • Previous Mortgage Loan Amount: $352,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Franklin Heights



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Frequently Asked Questions

What neighborhood is 2431 West Capitol Drive located in?
The 2431 West Capitol Drive is a multifamily located in the neighborhood of Franklin Heights in Franklin Heights, Milwaukee.
What is the average sales price for listings in 2431 West Capitol Drive?
The average sales price for units in 2431 West Capitol Drive is $0 currently.

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