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8516 South Melrose Drive

8516 South Melrose Drive, Oak Creek, WI 53154
Property in Oak Creek
Sold Oct 26, 2000
$175,900
$140,700 by Shelter Mtg
Mortgage Due Oct 01, 2030
Local assessors in Oak Creek, WI have categorized 8516 South Melrose Drive as a residential type of property. The property's lot size has been calculated to be 14,985 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. 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, 8516 South Melrose Drive sold most recently in Oct 6, 2000 for a total of $175,900. 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 $7,331 in taxes each year. 8516 South Melrose Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $391,300. If we break it down further, the land itself was valued at $81,000. Improvements to the property, however, were assessed at a total of $310,300. 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. 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.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

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

    Dimensions

  • Lot Size Square Feet: 14,985
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

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

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: APPLE ADDITION
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential
  • Legal Description 1: APPLE CREEK FARMS ADDITION NO. 2 SW 1/4 SEC 18-5-22 LOT 79 (0.344 AC)

Ownership

  • Current Owner : REINDL KEVIN L
  • Current Owner 2: SAUVE KATHRYN S
  • Previous Owner : SECURITY HOMES II INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Oak Creek-Franklin School District
  • School Tax School District: 4018
  • School Tax District Code 2: 5020
  • Census Tract: 160203

Zoning

  • Zoning: RESIDENTIA

Geography

  • Parcel: 831-0081-000
  • Lot: 79
  • Meridian: SEC 18 TWN 05N RNG 22E
  • Municipality: CITY OF OAK CREEK
  • Latitude: 42.8905
  • Longitude: -87.946

    Address

  • Full Address: 8516 S Melrose Dr
  • Address - House Number: 8516
  • Street Direction: S
  • Address - Street Name: Melrose
  • Address - Suffix Type: Dr
  • State: WI
  • City Name: Oak Creek
  • Carrier Code: C020
  • 4-Digit Zip Code: 2651
  • Zip Code: 53154

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,331

    Appraisal Valuation

  • Standard Deviation: 0.1904
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 74
  • Final Value: 434,962
  • High Value: 517,805
  • Low Value: 352,120

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $190,700
  • First Open Lien Mortgage Lender: SHELTER MTG
  • First Open Lien Mortgage Recording Date: Oct 26, 2000
  • First Open Lien Mortgage Loan Amount: $140,700
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2030
  • Second Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • Second Open Lien Mortgage Recording Date: Dec 03, 2013
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 418
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Nov 19, 2048

    Market Valuation

  • Market Total Value: $413,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $391,300
  • Assessed Land Value: $81,000
  • Assessed Improvements Value: $310,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 06, 2000
  • Current Sale Recording Date: Oct 26, 2000
  • Current Sale Transaction ID: 1159832562
  • Current Sale Price: $175,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 7981739

    Last Sale Mortgage

  • First Mortgage Lender: SHELTER MTG
  • First Mortgage Transaction Date: Oct 26, 2000
  • First Mortgage Loan Amount: $140,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Oct 01, 2030

About Oak Creek



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Frequently Asked Questions

What neighborhood is 8516 South Melrose Drive located in?
The 8516 South Melrose Drive is a located in the neighborhood of Oak Creek in Oak Creek, Oak Creek.
What is the average sales price for listings in 8516 South Melrose Drive?
The average sales price for units in 8516 South Melrose Drive is $0 currently.

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