302 W Van Norman Ave Milwaukee, WI 53207

3 beds · 1 bath · 1,138 sq ft · Lot Size: 7,830 sq ft · Single Family Home · Town of Lake
Est. Property Value: $233,253
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302 W Van Norman Ave is in the Town of Lake neighborhood of Milwaukee, WI. It is located in Milwaukee County and ZIP code 53207. This Single Family Home was built in 1954 and is approximately 71 years old. The single family home spans 1138 sq ft with 3 bedrooms and 1 bathroom and sits on a 7830 sq ft lot. According to public records, it was sold for $89,900. The Town of Lake area of Milwaukee has 950 residential homes with an average size of 1150 sq ft. Analyze and compare real estate investment strategies for properties like this home at 302 W Van Norman Ave Milwaukee, WI 53207 with Property Intel by Whitepages.

302 W Van Norman Ave

Milwaukee, WI 53207

Neighborhood

Owners & Occupancy for 302 W Van Norman Ave

No contact information is available.

Occupancy

Resident 1**************** age 59
Resident 2******************** age 68

Property Financials for 302 W Van Norman Ave

302 W Van Norman Ave, Milwaukee, WI has no known mortgage. Milwaukee county annual taxes are $4,088.

Property Tax

Property Tax Amount$4,088 in 2023
Purchase Price$89,900

Investment Potential for 302 W Van Norman Ave

The property has a current estimated value of $233,253, which is 2% below the neighborhood median, based on public records. It last sold for $89,900. Projected long-term
is $25,800 annually ($2,150 per month) with a 95% occupancy rate.

Discover more Single Family Homes in Town of Lake.

Long-Term

Gross Rental
$25,800 per year($2,150 per month)
Net Operating Income
Cap Rate
Occupancy Rate
95%in 53207 zip code
 
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Property Details for 302 W Van Norman Ave

Property Details

Property Sq Ft

Living Area

1,138 sq ft

1% below market

Lot Size

7,830 sq ft

27% above market

Price Per Sq Ft

Living Area

$205 / sq ft

1% above market

Lot Size Area

$30 / sq ft

21% below market

Property condition, age, exterior, etc. for 302 W Van …
Longitude: -87.914754 Latitude: 42.962757 Parcel Number (APN): 5950650000…

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Market Benchmarks

Compare data for 302 W Van Norman Ave in Milwaukee County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$233,253
$262,656
-$29,403 (-11%)
$388,502
-$44,040 (-11%)
YoY Price Change
3.36%
-270%
Year Built
1954
1959
-5 years
Living Space
1,138 sq ft
1,412 sq ft
-274 (-19%)
$ Per Living Sq Ft
$205
$189
$16 (8%)
Lot Size
7,830 sq ft
8,756 sq ft
-926 (-11%)
$ Per Lot Sq Ft
$30
$29
$1 (3%)

Net Operating Income
$16,950
-$396 (-2%)
Annual Revenue
$25,800
$26,400
-$600 (-2%)
$9,006
$240 (3%)
Net Operating Income
$16,950
-$396 (-2%)
Cap Rate
6.24%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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