5625 West Wells Street

5625 West Wells Street in Milwaukee, WI was first built in 1900 and is 124 years old. This has been categorized as a commercial property type. It is a single story home. In total, the area measurement of the land is 1,985 square feet.

Learn more about the property and building on this page. The exterior walls of the home are made of concrete block. 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, 5625 West Wells Street sold most recently in Oct 13, 2022 for a total of $165,000. If you work out the math, that's approximately a cost of $184.56 per sqft. Before that, the property was also sold for $67,500 in Jul 1, 2016. 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 $1,702 in taxes each year. The initial year of tax delinquency occurred in 2020. 5625 West Wells Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $91,500. If we break it down further, the land itself was valued at $5,000. Improvements to the property, however, were assessed at a total of $86,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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.