December 15 2015
5 Acres in River Hills
5.65 acres in River Hills, off Range Line Road.
The $100k 1.2 acre property that we posted yesterday made us think about other properties for sale around Milwaukee's Northshore.
We looked at all the property for sale in 53217 and 53092 and crunched teh numbas and decided that this 5.65 acre spread off of Range Line in River Hills seems like a very attractive package. Plus it just had a price reduction last week, a good sign that the seller is motivated.
The location is north of Brown Deer Road and set back from Range Line. This is very close to University School.
It's a lot of property (River Hills property is typically 5 acres) and it's mostly wooded with some trails. This area of River Hills is a borderline wetlands and the listing description does mention that a pond could be created.
Taxes? That's where they'll get you. The current taxes on this is $7200 per year. Comparatively, the five bedroom home next door pays $45k in taxes.
Click the link for details and some pictures.