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550 West Laramie Lane

550 West Laramie Lane, Milwaukee, WI 53217
Property in Bayside
Sold Oct 15, 2021
$350,000
$315,000 by Jpmorgan Chase Bank Na
Mortgage Due Oct 01, 2051
Sold Dec 28, 1998
$156,000
$124,800 by M&i Marshall & Ilsley Bank
Mortgage Due Dec 01, 2028
550 West Laramie Lane has been categorized by the local assessors in Milwaukee, WI as a residential type of property. The building on the property was first built in 1952 and is 72 years old. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 550 West Laramie Lane has 1,939 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,131 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,630 ft and across the front of the lot is 1,900 ft. The area measurement of the land has been determined as 30,928 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a open porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The exterior walls of the building are made of rock and stone. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with oil. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 550 West Laramie Lane sold most recently in Sep 20, 2021 for a total of $350,000. If you work out the math, that's approximately a cost of $180.51 per sqft. Before that, the property was also sold for $156,000 in Nov 19, 1998. 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 $8,172 in taxes each year. 550 West Laramie Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $350,000. If we break it down further, the land itself was valued at $133,000. Improvements to the property, however, were assessed at a total of $217,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1952
  • Effective Year Built: 1952
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Rock and stone
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 1,131
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 30,928
  • Lot Size Depth Feet: 1,630
  • Lot Size Frontage Feet: 1,900
  • Total Building Area: 1,939
  • Building Area: 1,939
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,939
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: FAIRY CHASM
  • Land Acres: 0.71
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FAIRY CHASM ESTATES LOT 23 BLK 3

Ownership

  • Current Owner : ZASTROW HRADLEY J
  • Current Owner 2: ZASTROW SNOWDEN A
  • Previous Owner : DOROODCHI MAHMOOD
  • Previous Owner 2: KHAKRAH LILA
  • Owner Before Previous Owner: MISH GENEVIEVE
  • Owner Before Previous Owner 2: MISH GENEVIEVE M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Fox Point Joint No. 2 School District
  • School Tax School District: 1897
  • School Tax District Code 2: 5020
  • School Tax District Code 3: 2177
  • Census Tract: 030100

Geography

  • Parcel: 015-0114-001
  • Block: 3
  • Lot: 23
  • Municipality: VILLAGE OF BAYSIDE
  • Latitude: 43.1859
  • Longitude: -87.9144

    Address

  • Full Address: 550 W Laramie Ln
  • Address - House Number: 550
  • Street Direction: W
  • Address - Street Name: Laramie
  • Address - Suffix Type: Ln
  • State: WI
  • City Name: Milwaukee
  • Carrier Code: C074
  • 4-Digit Zip Code: 1222
  • Zip Code: 53217

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,172

    Appraisal Valuation

  • Standard Deviation: 0.2296
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 68
  • Final Value: 435,474
  • High Value: 535,467
  • Low Value: 335,482

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $315,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Oct 15, 2021
  • First Open Lien Mortgage Loan Amount: $315,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $355,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $350,000
  • Assessed Land Value: $133,000
  • Assessed Improvements Value: $217,000

    Sales

  • Current Sale Contract Date: Sep 20, 2021
  • Current Sale Recording Date: Oct 15, 2021
  • Current Sale Transaction ID: 11859472916
  • Current Sale Price: $350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11175755
  • Previous Sale Recording Date: Dec 28, 1998
  • Previous Sale Contract Date: Nov 19, 1998
  • Previous Sale Amount: $156,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Oct 15, 2021
  • First Mortgage Loan Amount: $315,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: M&I MARSHALL & ILSLEY BANK
  • Previous Mortgage Transaction Date: Dec 28, 1998
  • Previous Mortgage Loan Amount: $124,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Dec 01, 2028

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 550 West Laramie Lane located in?
The 550 West Laramie Lane is a located in the neighborhood of Bayside in Bayside, Milwaukee.
What is the average sales price for listings in 550 West Laramie Lane?
The average sales price for units in 550 West Laramie Lane is $0 currently.

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