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445 Norway Lane

445 Norway Lane, Somerset, WI 54025
Multifamily in Somerset
Sold Jun 17, 2020
$461,000
$7,700,000 by First Bank And Trust Company
Mortgage Due May 04, 2025
Local assessors in Somerset, WI have categorized 445 Norway Lane as a residential type of property. The property's lot size has been calculated to be 6,055 square feet.

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. The home sources its water from a municipal system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. 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, 445 Norway Lane was last sold in Jun 5, 2020 for $461,000. Current property owners are expected to pay $3,449 in taxes per year. The property on 445 Norway Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $192,500. To break that down further, the land itself was valued at $30,000. While improvements to the property were assessed at a total of $162,500. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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

Condition

New Construction

Exterior

Brick Exterior
Metal Exterior
Stone Exterior
Vinyl Siding

Driveway

Driveway

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,055
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WHISPERING PINES
  • Land Acres: 0.139
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SEC 35 T31N R19W PT NE NE & PT NW NE BEING PT OF OL 1 WHISPERING PINES PUD UNIT 12

Ownership

  • Current Owner : PREFERRED PROPERTIES & MANAGEMENT LLC
  • Previous Owner : PREFERRED BUILDERS INC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Somerset School District
  • School Tax School District: 5432
  • School Tax District Code 2: 1700
  • Census Tract: 120401

Geography

  • Parcel: 181-4060-10-012
  • Lot: 12
  • Meridian: SEC 35 TWN 31N RNG 19W
  • Municipality: VILLAGE OF SOMERSET
  • Latitude: 45.1369
  • Longitude: -92.6743

    Address

  • Full Address: 445 Norway Ln
  • Legal Unit: 12
  • Address - House Number: 445
  • Address - Street Name: Norway
  • Address - Suffix Type: Ln
  • State: WI
  • City Name: Somerset
  • Carrier Code: R005
  • 4-Digit Zip Code: 9060
  • Zip Code: 54025

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,449

    Appraisal Valuation

  • Standard Deviation: 0.161
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 311,024
  • High Value: 361,110
  • Low Value: 260,938

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $7,700,000
  • First Open Lien Mortgage Lender: FIRST BANK AND TRUST COMPANY
  • First Open Lien Mortgage Recording Date: May 10, 2022
  • First Open Lien Mortgage Loan Amount: $7,700,000
  • First Open Lien Mortgage Term: 36
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 04, 2025

    Market Valuation

  • Market Total Value: $192,500
  • Market Land Value: $30,000
  • Market Improvement Value: $162,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,500
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $162,500

    Sales

  • Current Sale Contract Date: Jun 05, 2020
  • Current Sale Recording Date: Jun 17, 2020
  • Current Sale Transaction ID: 11769501970
  • Current Sale Price: $461,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1104994

    Last Sale Mortgage

  • First Mortgage Lender: CITY & COUNT CU
  • First Mortgage Transaction Date: Jun 17, 2020
  • First Mortgage Loan Amount: $3,045,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Somerset



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 445 Norway Lane located in?
The 445 Norway Lane is a multifamily located in the neighborhood of Somerset in Somerset, Somerset.
What is the average sales price for listings in 445 Norway Lane?
The average sales price for units in 445 Norway Lane is $0 currently.

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