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4863 North Lake Drive

4863 North Lake Drive, Milwaukee, WI 53217
Property in Whitefish Bay
Sold Apr 03, 2017
$865,000
$821,750 by Bank Mutual
Mortgage Due Apr 01, 2047
Sold Sep 25, 2003
$605,000
$544,500 by Mortgage Lenders Network Usa I
Mortgage Due Sep 01, 2033
Local assessors in Milwaukee, WI have categorized 4863 North Lake Drive as a residential type of property. The home was built in 1925 and is 99 years old. The property's lot size has been calculated to be 7,937 square feet. The linear feet between the front and back of the lot was measured at 950 ft and the front of the lot was measured at 890 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 4 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 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 4863 North Lake Drive has a total of 3,369 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 2,275 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 attached garage for those who need a place to park their vehicle. The garage on the property is 393 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a patio so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. Lots of wood shingle 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 and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Mar 28, 2017 for $865,000. That's $256.75 per sqft. Prior to that sales transaction, the property was also sold in Aug 22, 2003 for $605,000. 4863 North Lake Drive was last assessed in 2022. The total value of the property was assessed at $855,000. Specifically, the land the property is located on was valued at $187,700. While improvements on the property were assessed at a total of $667,300. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $15,424. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Total Rooms: 4
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Building Quality: A
  • Exterior Walls Type: Wood shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 2,275
  • Garage Type: Attached
  • Garage Square Area: 393
  • Parking Space Count: 1
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 7,937
  • Lot Size Depth Feet: 950
  • Lot Size Frontage Feet: 890
  • Total Building Area: 3,369
  • Building Area: 3,369
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 3,369
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ORTONWOOD TRIANGLE
  • Land Acres: 0.182
  • Standard Land Use Code: Rural/agricultural residence
  • Legal Description 1: ORTONWOOD TRIANGLE S2-1/2' LOT 3 LOT 4 & N 6' FRTG LOT 5

Ownership

  • Current Owner : MARTIN DANIEL
  • Current Owner 2: HOLDRIDGE MARTIN ASHLEY
  • Previous Owner : LUNA GLOVANNI S
  • Previous Owner 2: LUNA THERESA M
  • Owner Before Previous Owner: LONGO LANCE
  • Owner Before Previous Owner 2: PERKINS CATHY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Whitefish Bay School District
  • Census Tract: 070200

Zoning

  • Zoning: RESIDENTIA

Geography

  • Parcel: 200-0018-000
  • Lot: 3,5
  • Municipality: WHITEFISH_BAY
  • Latitude: 43.1052
  • Longitude: -87.8866

    Address

  • Full Address: 4863 N Lake Dr
  • Address - House Number: 4863
  • Street Direction: N
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: WI
  • City Name: Milwaukee
  • Carrier Code: C007
  • 4-Digit Zip Code: 6040
  • Zip Code: 53217

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,424

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 78
  • Final Value: 1,134,986
  • High Value: 1,329,996
  • Low Value: 939,976

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $821,750
  • First Open Lien Mortgage Lender: BANK MUTUAL
  • First Open Lien Mortgage Recording Date: Apr 03, 2017
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $821,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2047

    Market Valuation

  • Market Total Value: $867,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $855,000
  • Assessed Land Value: $187,700
  • Assessed Improvements Value: $667,300

    Sales

  • Current Sale Contract Date: Mar 28, 2017
  • Current Sale Recording Date: Apr 03, 2017
  • Current Sale Transaction ID: 1588427688
  • Current Sale Price: $865,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 10661770
  • Previous Sale Recording Date: Sep 25, 2003
  • Previous Sale Contract Date: Aug 22, 2003
  • Previous Sale Amount: $605,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK MUTUAL
  • First Mortgage Transaction Date: Apr 03, 2017
  • First Mortgage Loan Amount: $821,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Apr 01, 2047

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE LENDERS NETWORK USA I
  • Previous Mortgage Transaction Date: Sep 25, 2003
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $544,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2033

About Whitefish Bay



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Frequently Asked Questions

What neighborhood is 4863 North Lake Drive located in?
The 4863 North Lake Drive is a located in the neighborhood of Whitefish Bay in Whitefish Bay, Milwaukee.
What is the average sales price for listings in 4863 North Lake Drive?
The average sales price for units in 4863 North Lake Drive is $0 currently.

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