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1515 North Van Buren STREET UNIT 210
Score
0
Milwaukee, WI

1515 North Van Buren STREET UNIT 210

385K
2 bd • 2 ba • 1,562 sf

This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$384,900

Price/Sq.Ft

$246

Year Built

1999

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Prime Location: Situated steps from Pick N Save and Brady Street, the condo offers unparalleled access to groceries, dining, and entertainment. This prime location enhances daily convenience and lifestyle. • Spacious Layout: At 1,562 square feet, the two-bedroom, two-bathroom condo provides ample living space. This size compares favorably to other condos in the area, offering a comfortable living environment. • Desirable Features: The condo boasts hardwood floors (HWF), a gas fireplace (GFP), and in-unit laundry, enhancing comfort and convenience. These features are highly sought after by city dwellers. • Secure Parking and Storage: The inclusion of two underground parking spaces and a storage locker is a significant advantage in a dense urban area. This provides secure parking and additional storage, addressing common concerns for city residents. • Minimal Climate Risk: The property has minimal flood (1/10) and fire (1/10) risks, reducing the likelihood of related insurance claims and property damage. This offers peace of mind to potential buyers.

The Bad

• Appreciation Concerns: The property's history shows inconsistent price appreciation. While listed at $384,900 in 2025, it sold for $305,900 in 2018, reflecting a fluctuating market. Buyers should carefully consider the historical price trends and potential for future appreciation. • School Ratings: The nearby schools, Cass Street School (4/10) and Lincoln Center of the Arts (2/10), have lower ratings. This could be a concern for families prioritizing high-quality education. • Two Level Layout: While described as stunning, the two-level layout might not be suitable for all buyers. Buyers with mobility issues or those preferring single-level living may find the stairs challenging. • Air Quality: The moderate air quality risk (3/10) and 3 bad air days per year may be a concern for health-conscious buyers. Individuals with respiratory issues may need to consider air filtration systems or alternative locations.

The Ugly

• Relatively High Price Increase: The property is listed for $384,900 in 2025, representing a 25.8% increase from its previous sale price. This significant price jump may deter budget-conscious buyers or those concerned about overpaying. • Potential for High Property Taxes: While the exact property tax amount isn't provided, Milwaukee is known for relatively high property taxes. Buyers should factor in this ongoing expense, which could impact affordability. • Limited Outdoor Space: The property description mentions a balcony, but it may not be substantial enough for buyers who desire more extensive outdoor living areas. This limitation should be weighed against the other benefits. • Reliance on Older Infrastructure: Built in 1999, the condo may rely on older building systems and infrastructure. While the furnace/AC are newer, other components may require future upgrades or repairs, potentially leading to unexpected costs.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• City Dwellers Seeking Convenience: The condo's location near Pick N Save and Brady Street offers immediate access to daily necessities and entertainment. Its proximity to local amenities makes it ideal for those valuing convenience and walkability. • Buyers Desiring Low-Maintenance Living: This condo is well-suited for individuals seeking a move-in-ready property. With newer furnace/AC, new carpet, and included home warranty, buyers can minimize immediate maintenance concerns and enjoy hassle-free city living. • Professionals Valuing Dedicated Workspace: With a dedicated office area and high-speed internet, this condo supports remote work or entrepreneurial pursuits. The layout provides a clear separation between living and working spaces, enhancing productivity. • Buyers Prioritizing Secure Parking and Storage: The inclusion of two underground parking spaces and a storage locker provides secure and accessible storage solutions. This is especially beneficial for city dwellers who value secure vehicle storage and additional space for personal belongings.

Not For

• Buyers Seeking New Construction: Built in 1999, the condo may not appeal to buyers specifically seeking modern or newly constructed properties with the latest amenities and design trends. • Buyers Requiring More Space: At 1,562 square feet, the condo might not suit buyers needing larger living spaces or more bedrooms. Those with larger families or who require additional rooms for hobbies or guests may find this property too compact. • Buyers Prioritizing Top-Rated Schools: While Cass Street School and Golda Meir School are nearby, their ratings of 4/10 and 7/10, respectively, may not satisfy buyers seeking highly-rated schools. Families prioritizing exceptional educational opportunities may need to consider other neighborhoods or private school options. • Buyers Sensitive to Air Quality: With a moderate air quality risk (3/10) and an average of 3 bad air days per year, this location may not be ideal for individuals with respiratory sensitivities or those highly concerned about air pollution levels.
Demographics
Area Median Income

$58,356

Property History

Price History
Ownership Timeline
$305,900Financed
Mar 23, 2018
Mary T PatzkeJamie Chao
Condominium Deed
Standard Sale (Purchase/Resales)
$215,000Financed
May 22, 2012
Pamela C HahlbeckMary T Patzkie
Condominium Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 8, 2009
Kurt J Hahlbeck, Pamela C HahlbeckPamela C Hahlbeck
Affidavit Of Death
Non-Arm's Length Transactions
$287,000Financed
Apr 20, 2005
Old Republic National Title Insurance CoKurt J Hahlbeck, Pamela C Hahlbeck
Special Warranty Deed
Standard Sale (Purchase/Resales)
$287,000Cash Purchase
Apr 14, 2005
Mary Elizabeth CowardinOld Republic National Title Ins Co
Special Warranty Deed
Standard Sale (Purchase/Resales)
$285,000Financed
Aug 9, 2001
Aaron M KistlerMary Elizabeth Cowardin
Condominium Deed
Standard Sale (Purchase/Resales)
$250,000Financed
Nov 1, 1999
New Land EnterprisesAaron M Kistler
Warranty Deed
Non-Arm's Length Transactions

Property Taxes

$7,957
2022 Tax Assessment
10.6%from previous year
Assessed Value$334,200
Tax Rate2.38%

Sunlight Analysis

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Sunlight Analysis

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Schools

Nearby school quality by education level

Elementary

4.0/10
Average

Middle

2.0/10
Below Average

Financials

Monthly Costs
Market Rent (2 bed)

$1,640

Get a detailed estimate on Zillow
HOA Fee

$490

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$384,900
Price/sqft
$246
Layout
2 bd2 ba
Days on market
6 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$431,667

10.8%

Your price is 10.8% below average

Median Price

$450,000

14.5%

Based on 6 recent sales

Price per Sq.Ft

$292

15.6%

Your price is 15.6% below average $/sqft

Comparable Properties

1550 E Royall Pl #601, Milwaukee, WI 53202
Price: $450,000
Sq.Ft: 1,357
Beds/Baths: 2/2
$/Sq.Ft:
$33234.6%
Sale Date: 1/15/2025
270 E Highland Ave #437, Milwaukee, WI 53202
Price: $399,000
Sq.Ft: 1,294
Beds/Baths: 2/2
$/Sq.Ft:
$30825.1%
Sale Date: 1/3/2025
1812 E Lafayette Pl #402, Milwaukee, WI 53202
Price: $542,000
Sq.Ft: 1,550
Beds/Baths: 3/2
$/Sq.Ft:
$35041.9%
Sale Date: 11/1/2024
2160 N Commerce St, Milwaukee, WI 53212
Price: $357,000
Sq.Ft: 1,499
Beds/Baths: 2/2
$/Sq.Ft:
$2383.4%
Sale Date: 11/12/2024
1725 N Palmer St #A, Milwaukee, WI 53212
Price: $502,000
Sq.Ft: 1,700
Beds/Baths: 2/2
$/Sq.Ft:
$29519.8%
Sale Date: 11/19/2024
2050 N Commerce St #306, Milwaukee, WI 53212
Price: $340,000
Sq.Ft: 1,502
Beds/Baths: 2/2
$/Sq.Ft:
$2268.1%
Sale Date: 10/31/2024

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