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5416 West Midland Drive

5416 West Midland Drive, Milwaukee, WI 53220
Sold Apr 26, 2021
$207,000
$175,950 by Landmark Cu
Mortgage Due May 01, 2051
Local assessors in Milwaukee, WI have categorized 5416 West Midland Drive as a residential type of property. The home was built in 1953 and is 71 years old. The property's lot size has been calculated to be 6,240 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 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 2 full bathrooms. There are also 2 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 5416 West Midland Drive has a total of 1,933 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 detached garage for those who need a place to park their vehicle. The garage on the property is 648 sqft. Lots of wood 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. The property was last sold in Apr 12, 2021 for $207,000. That's $107.09 per sqft. 5416 West Midland Drive was last assessed in 2022. The total value of the property was assessed at $217,000. Specifically, the land the property is located on was valued at $40,600. While improvements on the property were assessed at a total of $176,400. 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 $5,167. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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: 1953
  • Effective Year Built: 1953
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Style: Duplex
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unspecified basement
  • Basement Area: 959
  • Garage Type: Detached
  • Garage Square Area: 648
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,240
  • Total Building Area: 1,933
  • Gross Building Area: 1,933
  • Building Area: 1,933
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,933
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOREST LANE
  • Land Acres: 0.143
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Rail (right-of-way & track)
  • Legal Description 1: FOREST LANE IN SW 1/4 SEC 14-6-21 BLOCK 8 LOT 3

Ownership

  • Current Owner : REH TI
  • Current Owner 2: MEH NGAY
  • Previous Owner : HENDERSON LISA A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Milwaukee School District
  • Census Tract: 019900

Zoning

  • Zoning: RT1

Geography

  • Assessors Map Reference: MB 55615
  • Section: Jun 21, 2014
  • Parcel: 556-0113-000
  • Block: 8
  • Lot: 3
  • Meridian: SEC 14 TWN 06N RNG 21E
  • Municipality: CITY OF MILWAUKEE
  • Latitude: 42.9791
  • Longitude: -87.9824

    Address

  • Full Address: 5416 W Midland Dr
  • Address - House Number: 5416
  • Street Direction: W
  • Address - Street Name: Midland
  • Address - Suffix Type: Dr
  • State: WI
  • City Name: Milwaukee
  • Carrier Code: C056
  • 4-Digit Zip Code: 1421
  • Zip Code: 53220

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,167

    Appraisal Valuation

  • Standard Deviation: 0.2711
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 61
  • Final Value: 257,931
  • High Value: 327,881
  • Low Value: 187,981

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,950
  • First Open Lien Mortgage Lender: LANDMARK CU
  • First Open Lien Mortgage Recording Date: Apr 26, 2021
  • First Open Lien Mortgage Loan Amount: $175,950
  • 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: May 01, 2051

    Market Valuation

  • Market Total Value: $217,000
  • Market Land Value: $40,600
  • Market Improvement Value: $176,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $217,000
  • Assessed Land Value: $40,600
  • Assessed Improvements Value: $176,400

    Sales

  • Current Sale Contract Date: Apr 12, 2021
  • Current Sale Recording Date: Apr 26, 2021
  • Current Sale Transaction ID: 11832682810
  • Current Sale Price: $207,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11106822

    Last Sale Mortgage

  • First Mortgage Lender: LANDMARK CU
  • First Mortgage Transaction Date: Apr 26, 2021
  • First Mortgage Loan Amount: $175,950
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

About Honey Creek Manor



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Frequently Asked Questions

What neighborhood is 5416 West Midland Drive located in?
The 5416 West Midland Drive is a located in the neighborhood of Honey Creek Manor in Honey Creek Manor, Milwaukee.
What is the average sales price for listings in 5416 West Midland Drive?
The average sales price for units in 5416 West Midland Drive is $0 currently.

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