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5501 West Morgan Avenue

5501 West Morgan Avenue, Milwaukee, WI 53220
Property in Milwaukee
Sold Nov 10, 2022
$925,000
$340,000 by Verve
Mortgage
Sold Jun 10, 1996
$169,000
$133,600 by Security Bank Ssb
Mortgage Due Jun 01, 2026
5501 West Morgan Avenue in Milwaukee, WI was first built in 1960 and is 64 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 16 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 5501 West Morgan Avenue has 3,400 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 10,674 square feet.

Learn more about the property and building on this page. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. The property was last sold in Oct 31, 2022 for $925,000. That's $272.06 per sqft. Prior to that sales transaction, the property was also sold in May 24, 1996 for $169,000. 5501 West Morgan Avenue was last assessed in 2022. The total value of the property was assessed at $302,400. Specifically, the land the property is located on was valued at $26,000. While improvements on the property were assessed at a total of $276,400. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $7,200. The initial tax year of delinquency was in 2022. 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. 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: 1960
  • Effective Year Built: 1960
  • Total Rooms: 16
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 4
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,674
  • Total Building Area: 3,400
  • Gross Building Area: 3,400
  • Building Area: 3,400
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 3,400
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.245
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: LANDS IN SW 1/4 SEC 14-6-21 COM N LI & 1244.20' E OF NW COR OF SD 1/4 SEC-TH SE'LY 242.77'-TH NE'LY 28.90'-TH NW'LY 23'-TH NE

Ownership

  • Current Owner : NAWROCKI GREGORY
  • Previous Owner : WALTERS CAROL J
  • Previous Owner 2: WALTERS HOWARD J
  • Owner Before Previous Owner: MUELLER HERBERT J
  • Owner Before Previous Owner 2: WASILEWSKI EDWIN M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Milwaukee School District
  • Census Tract: 019800

Zoning

  • Zoning: RM1

Geography

  • Assessors Map Reference: MB 6830
  • Section: Jun 21, 2014
  • Parcel: 556-9981-100
  • Meridian: SEC 14 TWN 06N RNG 21E
  • Municipality: CITY OF MILWAUKEE
  • Latitude: 42.9809
  • Longitude: -87.9828

    Address

  • Full Address: 5501 W Morgan Ave
  • Address - House Number: 5501
  • Street Direction: W
  • Address - Street Name: Morgan
  • Address - Suffix Type: Ave
  • State: WI
  • City Name: Milwaukee
  • Carrier Code: C056
  • 4-Digit Zip Code: 1452
  • Zip Code: 53220

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,200
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.4024
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 19
  • Final Value: 355,787
  • High Value: 498,989
  • Low Value: 212,584

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $340,000
  • First Open Lien Mortgage Lender: VERVE
  • First Open Lien Mortgage Recording Date: Oct 11, 2023
  • First Open Lien Mortgage Loan Amount: $340,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Market Valuation

  • Market Total Value: $302,400
  • Market Land Value: $26,000
  • Market Improvement Value: $276,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $302,400
  • Assessed Land Value: $26,000
  • Assessed Improvements Value: $276,400

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Nov 10, 2022
  • Current Sale Transaction ID: 11898622986
  • Current Sale Price: $925,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11298628
  • Previous Sale Recording Date: Jun 10, 1996
  • Previous Sale Contract Date: May 24, 1996
  • Previous Sale Amount: $169,000
  • Previous Sale Document Type: Personal Representatives Deed

    Last Sale Mortgage

  • First Mortgage Lender: VERVE
  • First Mortgage Transaction Date: Nov 10, 2022
  • First Mortgage Loan Amount: $740,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: SECURITY BANK SSB
  • Previous Mortgage Transaction Date: Jun 10, 1996
  • Previous Mortgage Loan Amount: $133,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 01, 2026

About Milwaukee



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Frequently Asked Questions

What neighborhood is 5501 West Morgan Avenue located in?
The 5501 West Morgan Avenue is a located in the neighborhood of Milwaukee in Milwaukee, Milwaukee.
What is the average sales price for listings in 5501 West Morgan Avenue?
The average sales price for units in 5501 West Morgan Avenue is $0 currently.

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