new - 6 hours on rocket

1116 Summit Ave, Beloit, WI, 53511

$65,000

Home List Price

$772*

Closing Credit

1 Bedroom
2 Full Baths
572 SqFt
$114/SqFt
House

Location

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1116 Summit Ave, Beloit$65,000

Buyer Closing Credits

$772*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
Year Built1930
HeatingForced Air, Natural Gas
BasementYes
MLS #1989820
Lot Size0.10 Acres
StatusActive

About 1116 Summit Ave

INVESTORS!! This is your opportunity to purchase a property that has potential to increase the equity with cosmetic updates as you continue to collect a rent check. This cute 1 bedroom home has tons of character, but needs some TLC to bring it back to it's glory. Location is in the middle of the City near schools, parks, shopping, etc. Tenant has lived in this cozy home for several years, but is on a month-to-month lease leaving flexibility for possibilities. So much to offer, so much potential!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1930
  • Stories: 1
  • Living Area: 572 SqFt

Listing Office:

  • Office Name: Century 21 Affiliated
  • Office Phone: (608) 295-0841
  • Listing Agent: Tressy Brown

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Head West on Henry Ave. Turn right on Wisconsin. Take a left on Summit.

Municipality:

  • Beloit

Price Information

Listing Price Info

Price Summary:

  • List Price: $65,000
  • Price Per SqFt: $114/SqFt

Tax Information:

  • Annual Amount: $582
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Beloit, WI.

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Beloit, WI

City

Med. Sold Price

$208K

Med. Price/SqFt

$141

Avg. Days On Market

9

# of Sold Homes

45

1116 Summit Ave vs Beloit

1 DAY ON ROCKET

-8 Days

$65,000

-$143K Less

$114/SqFt

-$27 Less

KEY TAKEAWAY

This property is $143K less than the Median Sold Price and $27/SqFt less than other homes in Beloit, WI.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: WIREX_SCW
  • MLS Number: #1989820

Listing Office:

  • Office Name: Century 21 Affiliated
  • Office Phone: (608) 295-0841
  • Listing Agent: Tressy Brown

© 2024 WIREX - All Rights Reserved.

Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 3:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$582$21,900
2019$555$21,900
2018$553$21,900
2017$556$21,900

History based on county public records data.

Payment Calculator

$392

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-169889
1
/10

  • Merrill Elementary School

  • 1635 Nelson Ave

  • 0.18 miles

  • Public District Grades PK-3

school-card-donut-169890
2
/10

  • Robinson Elementary School

  • 1801 Cranston Rd

  • 0.95 miles

  • Public District Grades PK-3

school-card-donut-169891
2
/10

  • Todd Elementary School

  • 1621 Oakwood Ave

  • 1.02 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,131. Residents of Beloit, WI typically earn less than $35k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Beloit, WI

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Beloit, WI?

The housing landscape in Beloit is characterized by a mix of architectural styles, reflecting the city's rich history and growth. Single-family homes are prevalent, with a significant portion dating back to the mid-20th century, offering a sense of historic charm. There is also a selection of apartments and townhouses that cater to those seeking a more urban living experience. The homeownership rate in Beloit is robust, with a majority of residents owning their homes, while a proportionate number opt for renting, providing a balanced housing market.

Is Beloit, WI a good place to live?

Beloit prides itself on its vibrant community spirit and cultural diversity. The city is celebrated for its annual events, such as the Beloit International Film Festival, which showcases the artistic flair of the region. The downtown area, with its blend of historic buildings and contemporary spaces, serves as a hub for community gatherings and social activities, reflecting the city's commitment to preserving its heritage while fostering a dynamic modern lifestyle.

Are things conveniently located in Beloit, WI?

Residents of Beloit benefit from a range of essential services that contribute to the quality of life in the city. The educational landscape includes several public schools that serve different age groups, complemented by private institutions that offer alternative educational pathways. Healthcare is accessible through local clinics and a hospital that provides a spectrum of services from primary care to specialized treatments. The city also features a public library system that supports lifelong learning and community engagement. Retail and dining options are plentiful, with local businesses and eateries reflecting the unique flavors of Beloit.

What does the transportation in Beloit, WI look like?

Transportation in Beloit is facilitated by a network of roads that connect the city to surrounding areas, with Interstate 90/39 and Highway 43 being major thoroughfares for commuters. Public transportation services are available, providing residents with options for navigating the city. The community's commitment to sustainability is evident in the bike paths and walkable neighborhoods that encourage alternative modes of transit. While ride-sharing services are present, they complement the existing transportation infrastructure, offering additional flexibility for residents and visitors.

Frequently Asked Questions About 1116 Summit Ave

What is the listing price of this property?

The listing price of 1116 Summit Ave property is $65,000.

What type of property is this?

The property 1116 Summit Ave is a house located in Beloit, Wisconsin, 53511.

Is this property for sale now?

Active Listing: 1116 Summit Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $582 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1116 Summit Ave has 1 bedroom and 2 bathrooms.

What is the square footage of this property?

The property 1116 Summit Ave is 572 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1116 Summit Ave is 1930.

Rocket Homes›Wisconsin›Rock County›Beloit›53511›1116 Summit Ave

This home is located at 1116 Summit Ave in Beloit, WI and zip code 53511. This 572 square foot home, which was built in 1930, sits on a 0.10 acre lot. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $65,000.

In October 2024 more than 21 listings in Beloit, WI were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 17 were sold below. The number of homes for sale in Beloit, WI increased by 3.9% between September 2024 and October 2024. While the average time on the market in October 2024 was 9 days, the median list price was $208,000.

From Rocket Homes Real Estate and based on county public records data.

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