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5540 West Brooklyn Place

5540 West Brooklyn Place, Milwaukee, WI 53216
Property in Grasslyn Manor
Sold Oct 13, 2021
$142,000
$139,397 by Land-home Financial Services
Mortgage Due Nov 01, 2051
Sold Jul 05, 2005
$105,000
$108,150 by Dba Direct Mortgage Funding
Mortgage Due May 01, 2035
5540 West Brooklyn Place 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 4 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 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, 5540 West Brooklyn Place has 985 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 4,800 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 detached garage for those who require parking. The garage measured 308 sqft. The exterior walls of the building are made of brick. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 5540 West Brooklyn Place was last sold in Oct 8, 2021 for $142,000. According to our calculations, that's $144.16 per sqft. Prior to that sales transaction, the property was sold for $105,000 in Apr 29, 2005. Current property owners are expected to pay $3,324 in taxes per year. The property on 5540 West Brooklyn Place was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $139,600. To break that down further, the land itself was valued at $7,000. While improvements to the property were assessed at a total of $132,600. 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: 1952
  • Effective Year Built: 1952
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 985
  • Garage Type: Detached
  • Garage Square Area: 308
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,800
  • Total Building Area: 985
  • Building Area: 985
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 985
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORWOOD
  • Land Acres: 0.11
  • Standard Land Use Code: Single family residential
  • Legal Description 1: NORWOOD IN SW 1/4 SEC 11-7-21 BLOCK 13 LOT 25

Ownership

  • Current Owner : WESLEY COREY L
  • Previous Owner : SMITH HENRY MARILYN L
  • Owner Before Previous Owner: PULLIAM TONITA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Milwaukee School District
  • Census Tract: 005000

Zoning

  • Zoning: RT2

Geography

  • Assessors Map Reference: MB 28920
  • Section: Jul 21, 2011
  • Parcel: 289-0616-000
  • Block: 13
  • Lot: 25
  • Meridian: SEC 11 TWN 07N RNG 21E
  • Municipality: CITY OF MILWAUKEE
  • Latitude: 43.0795
  • Longitude: -87.983

    Address

  • Full Address: 5540 W Brooklyn Pl
  • Address - House Number: 5540
  • Street Direction: W
  • Address - Street Name: Brooklyn
  • Address - Suffix Type: Pl
  • State: WI
  • City Name: Milwaukee
  • Carrier Code: C030
  • 4-Digit Zip Code: 3137
  • Zip Code: 53216

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,324

    Appraisal Valuation

  • Standard Deviation: 0.2679
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 61
  • Final Value: 166,247
  • High Value: 210,793
  • Low Value: 121,701

    Open Liens

  • Total Open Liens: 4
  • Total Open Liens Amount: $159,401
  • First Open Lien Mortgage Lender: LAND-HOME FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Oct 13, 2021
  • First Open Lien Mortgage Loan Amount: $139,397
  • 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: Nov 01, 2051
  • Second Open Lien Mortgage Lender: NATIONAL HOMEBUYERS FUND INC
  • Second Open Lien Mortgage Recording Date: Oct 13, 2021
  • Second Open Lien Mortgage Loan Amount: $6,970
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2051
  • Third Open Lien Mortgage Lender: NATONAL HOMEBUYERS FUNDS INC
  • Third Open Lien Mortgage Recording Date: Oct 13, 2021
  • Third Open Lien Mortgage Loan Amount: $6,970
  • Third Open Lien Mortgage Term: 60
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Stand Alone Second
  • Third Open Lien Mortgage Loan Due Date: Sep 01, 2026
  • Fourth Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Fourth Open Lien Mortgage Recording Date: Feb 14, 2024
  • Fourth Open Lien Mortgage Loan Amount: $6,064
  • Fourth Open Lien Mortgage Term: 332
  • Fourth Open Lien Mortgage Position: 4
  • Fourth Open Lien Mortgage Loan Type: Building or Construction Loan
  • Fourth Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $139,600
  • Market Land Value: $7,000
  • Market Improvement Value: $132,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $139,600
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $132,600

    Sales

  • Current Sale Contract Date: Oct 08, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Transaction ID: 11859414471
  • Current Sale Price: $142,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 11174258
  • Previous Sale Recording Date: Jul 05, 2005
  • Previous Sale Contract Date: Apr 29, 2005
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LAND-HOME FINANCIAL SERVICES
  • First Mortgage Transaction Date: Oct 13, 2021
  • First Mortgage Loan Amount: $139,397
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051
  • Second Mortgage Lender: NATIONAL HOMEBUYERS FUND INC
  • Second Mortgage Transaction Date: Oct 13, 2021
  • Second Mortgage Loan Amount: $6,970
  • Second Mortgage Loan Due Date: Sep 01, 2026

    Previous Mortgages

  • Previous Mortgage Lender: DBA DIRECT MORTGAGE FUNDING
  • Previous Mortgage Transaction Date: Jul 05, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $108,150
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: May 01, 2035

About Grasslyn Manor



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Frequently Asked Questions

What neighborhood is 5540 West Brooklyn Place located in?
The 5540 West Brooklyn Place is a located in the neighborhood of Grasslyn Manor in Grasslyn Manor, Milwaukee.
What is the average sales price for listings in 5540 West Brooklyn Place?
The average sales price for units in 5540 West Brooklyn Place is $0 currently.

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