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6971 North 43rd Street

6971 North 43rd Street, Milwaukee, WI 53209
Sold Oct 19, 2023
$3,250,000
$5,540,000 by Dmb Community Bank
Mortgage
Sold Jul 03, 2017
$2,757,500
$1,930,000 by Suntrust Bank
Mortgage
6971 North 43rd Street 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 1974 and is 50 years old. The home has a total of 24 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 6971 North 43rd Street has 6,418 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 13,694 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The exterior walls of the building are made of masonry. 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, 6971 North 43rd Street was last sold in Oct 12, 2023 for $3,250,000. According to our calculations, that's $506.39 per sqft. Prior to that sales transaction, the property was sold for $2,757,500 in Jun 27, 2017. Current property owners are expected to pay $6,779 in taxes per year. The property on 6971 North 43rd Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $284,700. To break that down further, the land itself was valued at $29,900. While improvements to the property were assessed at a total of $254,800. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Total Rooms: 24
  • Bedroom Count: 5
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Exterior Walls Type: Masonry
  • Floor Count: 2
  • Living Units: 5
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,694
  • Total Building Area: 6,418
  • Gross Building Area: 6,418
  • Building Area: 6,418
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,418
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.314
  • Standard Land Use Code: Apartment house (5+ units)
  • Legal Description 1: CERTIFIED SURVEY MAP NO 1524 IN NE 1/4 SEC 23-8-21 PARCEL 2

Ownership

  • Current Owner : BERRADA PROPERTIES 122 LLC
  • Previous Owner : BELLAIRE MILWAUKEE MULTIFAMILY LLC
  • Owner Before Previous Owner: GTE SERVICES 8341 LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Milwaukee School District
  • Census Tract: 000800

Zoning

  • Zoning: RM1

Geography

  • Assessors Map Reference: MB 6612
  • Section: Aug 21, 2023
  • Parcel: 122-0532-000
  • Meridian: SEC 23 TWN 08N RNG 21E
  • Municipality: CITY OF MILWAUKEE
  • Latitude: 43.1447
  • Longitude: -87.966

    Address

  • Full Address: 6971 N 43rd St
  • Address - House Number: 6971
  • Street Direction: N
  • Address - Street Name: 43rd
  • Address - Suffix Type: St
  • State: WI
  • City Name: Milwaukee
  • Carrier Code: C051
  • 4-Digit Zip Code: 2252
  • Zip Code: 53209

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,779

    Appraisal Valuation

  • Standard Deviation: 0.3849
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 23
  • Final Value: 324,404
  • High Value: 449,298
  • Low Value: 199,509

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,540,000
  • First Open Lien Mortgage Lender: DMB COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Oct 19, 2023
  • First Open Lien Mortgage Loan Amount: $5,540,000
  • 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: $284,700
  • Market Land Value: $29,900
  • Market Improvement Value: $254,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $284,700
  • Assessed Land Value: $29,900
  • Assessed Improvements Value: $254,800

    Sales

  • Current Sale Contract Date: Oct 12, 2023
  • Current Sale Recording Date: Oct 19, 2023
  • Current Sale Transaction ID: 11914758071
  • Current Sale Price: $3,250,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11375529
  • Previous Sale Recording Date: Jul 03, 2017
  • Previous Sale Contract Date: Jun 27, 2017
  • Previous Sale Amount: $2,757,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: DMB COMMUNITY BANK
  • First Mortgage Transaction Date: Oct 19, 2023
  • First Mortgage Loan Amount: $5,540,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST BANK
  • Previous Mortgage Transaction Date: Jul 03, 2017
  • Previous Mortgage Loan Amount: $1,930,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Town & Country Manor



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Frequently Asked Questions

What neighborhood is 6971 North 43rd Street located in?
The 6971 North 43rd Street is a located in the neighborhood of Town & Country Manor in Town & Country Manor, Milwaukee.
What is the average sales price for listings in 6971 North 43rd Street?
The average sales price for units in 6971 North 43rd Street is $0 currently.

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