.

$1 Million 'Wow House' Shines on the North Shore

Classic Whitefish Bay Tudor with view of Lake Michigan has been featured in local magazine.

From elegant and stately mansions to modern, environmentally friendly abodes, the Milwaukee suburbs are chock-full of one-of-a-kind homes for sale. Each week, Patch highlights one "Wow House" that caught our attention.

This week, it's a home at 607 E. Belle Ave. in Whitefish Bay that is so unique, it was once featured in a local magazine.

This four-bedroom, 2.5-bath classic Tudor in the Klode Park neighborhood was built in 1927, but it has been fully renovated. The first floor features an open concept kitchen/family room, study/sitting room, mudroom, and formal dining and living rooms.

The master bedroom suite includes a sitting room, large master bath and huge walk-in closet. The 3,992-square-foot home, which has a nice view of Lake Michigan, also features leaded glass windows, detailed molding and multiple fireplaces.

The home, which has been on the market for just more than three months and recently had its asking price reduced, is being offered for $1,050,000. The 2011 property taxes on the home were about $15,000.

This property is being offered by Realty Executives-Integrity in Whitefish Bay. To schedule a showing, call (414) 906-4500.

Absolutelyfabulous December 30, 2012 at 01:11 AM
Unless it was just renovated, this house has been assessed @ $701,000 for 2010, 2011 & 2012. There just might be some room for negotiations It would also be interesting to know the extent of the renovations and when they occurred. Even better, which houses that are for sale flooded out a couple of years ago and how deep the waters were or if they have/had a history of flooding w/ heavy rains/sewer back ups.
Carolyn Gambill December 30, 2012 at 06:26 PM
Dear commenter, having read your submission, I wanted to offer some clarification to your comments on our home. First and foremost, in real estate, assessed value and market value are two very different issues... Often with a large difference between the two. We have done our homework and have based our price on what similar homes, with our square footage, condition and location have sold for in recent months and those that are on the market at this time. In regards to updates, we have twice added on to this home and have reconfigured or updated almost every part of this home over last 12 years. In regards to your mention of flooding during past large storms, we had NO water affect our home. Fortunately, most homes in this end of Whitefish Bay ( or at least in our neighborhood) did not. We have worked hard to maintain our home over the years and have felt lucky to live in this wonderful neighborhood with our beautiful views of Klode park and the lake.
Sunrocket December 30, 2012 at 11:11 PM
It is a beautiful home - you've done a great job with it. Love the decoratiing.
Bob McBride December 31, 2012 at 01:05 PM
FWIW, from Zillow... http://www.zillow.com/homedetails/607-E-Belle-Ave-Whitefish-Bay-WI-53217/110730639_zpid/ Price was recently dropped 100K. Zillow, which I realize a lot of RE folks don't find particularly accurate, gives it an estimated market value of $810K.
Michael Ray December 31, 2012 at 04:53 PM
I'll give you $50 and a box of Triscuits.
Absolutelyfabulous January 01, 2013 at 04:24 AM
According to the WFB assessor..Estimated Fair Market Value: $674,700 for 607 E Belle. You seem to forget that the market fell through the bottom a few years ago and even though houses are being snapped up, they are still selling for less. It is a buyers market, not the other way around. Oh, and those low interest rates aren't just for anyone anymore. BTW, there is a difference between assessed and fair market value, but not a $350,000/$35% difference as in your case. It's more like ~10%, if that. You've already cut $100,000 off the price from 10/1/2012 when the asking/list price was $1,150,000. You need to have a discussion w/ your broker or you're in no hurry to sell. You seem to neglect that what you may think is "perfection" may be a negotiating point for someone else to get a better price. Whatever you have put into this house reflects you & yours tastes/opinions. Doesn't mean that will carry over 1/1 or 1/2 for someone looking to buy and get what they consider a fair price or even a deal for that matter. Better yet, contingencies add up and drag things out or someone can come in w/ all cash but the catch is they will get it at a lower price. It's just a matter of how low and how fast you want/need to sell. So many variables that come into play. Let's not forget about all the sewer/lateral upgrades that will be assessed to all owners in WFB in the coming years. Everyones costs are going to rise one way or another living in Shorewood/WFB.
Absolutelyfabulous January 01, 2013 at 08:50 PM
Oh & BTW..At $701,000 you pay roughly $16,000.00 in property taxes. If this house is purchased for $1,050,00 the property taxes will rise to ~$24,000 per year. Houses are always re-assessed whenever a sale occurs and the selling price is a pretty good indicator of what the house will be reassessed @. Once again, if the Village of WFB has this property assessed @ $701,000 and puts and Estimated Fair Market Value @ $674,700, then there's room for negotiations unless they completely missed all the upgrades. It's been on the market for 98 days w/ a roughly 10% price drop already, though March is right around the corner. While we're at it..How about those tax increases/lessening of deductions/increased health & pension premiums for many individuals which will affect future purchases/financial decisions going forward. Then, if they decide that the historically low interest rates are not achieving what they were meant to do, maybe interest rates begin to rise and so forth and so on.
Joe Resident January 05, 2013 at 09:31 AM
Carolyn, Your home is beautiful and I hope you get top dollar for it. I'm guessing that absolutelyfabulous is really not. Probably a miserable, jealous liberal who lives alone.
Absolutelyfabulous January 06, 2013 at 03:58 AM
Joe Resident- You forgot to throw in: Bitter Barren Homewrecker Gay Pill Popping Alcoholic... Next time, let's try a little harder and possibly a tad more creative.. BTW Joe, A fool and his money are soon parted. Business is business, personal is personal. Unfortunately for you, you cannot separate the 2. I'm actually pretty darn happy, but thanks anyway. Oh, ya'll might be interested in this..1 more piece to add to the puzzle. From The Wall Street Journal January 4, 2013 "The Stealth Tax Hike Why the new $450,000 income threshold is a political fiction." http://online.wsj.com/article/SB10001424127887323874204578219793593903934.html?KEYWORDS=stealth+tax
Bitch January 16, 2013 at 03:38 AM
Captin Smith HR Ship Titanic, "full speed ahead"
Absolutelyfabulous March 08, 2013 at 01:19 PM
What's this I see? New Broker and new lower price, the 3rd in fact. Obviously, someone had the "talk" with their broker. Gee, maybe I should get into real estate ;) Still lots of room to negotiate. http://realestate.aol.com/homes-for-sale-detail/607-E-Belle-Ave_Whitefish-Bay_WI_53217_M82988-94587 http://www.zillow.com/homedetails/607-E-Belle-Ave-Whitefish-Bay-WI-53217/110730639_zpid/
Absolutelyfabulous March 08, 2013 at 01:23 PM
Called it again.
Absolutelyfabulous March 15, 2013 at 02:07 PM
Joe Resident- Have you looked at the most recent price on this property??? Business is business...This isn't NY City, Miami or San Francisco/Silicon Valley, to name a few, that are either hot beds of technology w/ their IPO's or havens and for very wealthly foreigners looking to pour money into residences driving up prices higher and higher. This is Milwaukee buried in the heart of the midwest. It's a completely different market. You would do well to remember that. Price drop #4. 03/12/2013 Price change $969,900 -2.5% Suzanne Powers Realty Group, Inc. 02/13/2013 Price change $995,000 -2.5% Realty Executives - Integrity 01/04/2013 Price change $1,020,000 -2.9% Realty Executives - Integrity 11/01/2012 Price change $1,050,000 -8.7% Realty Executives - Integrity 10/01/2012 Listed for sale $1,150,000 Realty Executives - Integrity http://www.zillow.com/homedetails/607-E-Belle-Ave-Whitefish-Bay-WI-53217/110730639_zpid/
Absolutelyfabulous March 15, 2013 at 02:10 PM
'Wow House'
Bob McBride March 15, 2013 at 02:41 PM
That's a cumulative (if I'm figuring right here) drop in asking price of about 15.7%. Wonder where it will have to go to sell...

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something