A
Seller's Agent in 2023
Andrew Stebnitz
Restaino & Associates
1 E Gilman St Madison, WI 53703
Downtown Madison NeighborhoodEstimated Value: $1,873,097
Studio
--
Bath
--
Sq Ft
6,098
Sq Ft Lot
Highlights
- Water Views
- Property is near bus stop
- High Speed Internet
- 0.14 Acre Lot
- Water Softener is Owned
- 2-minute walk to Period Garden Park
About This Home
As of May 2023Historic 26 unit Quisling Towers Apartments in high demand Mansion Hill Historic District w/stunning views of the Capitol & Lake Mendota. This one-of-a-kind find was built in 1937 & is a designated Madison Landmark. Designed by renowned Danish born Architect Lawrence Monberg & is a striking example of the Art Moderne Style featuring such aerodynamic properties as smooth surfaces & curved corners. The exterior is of Buff-Gray Brick, Bedford Limestone & Terra Cotta then complimented by a distinctive interior w/a few units featuring a 2-story plan w/curved stairs & fireplace. Penthouses w/balcony & private rooftop terrace. The new owner will enjoy an iconic work of art to be proud of! 100% occupied with most units rented through '24. Status: PROPERTY IS IN PENDING ~ SIGHT UNSEEN OFFER!
Last Agent to Sell the Property
Andrew Stebnitz
Restaino & Associates License #56513-90 Listed on: 02/06/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $39,507
Year Built
- Built in 1935
Lot Details
- 6,098
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
- Poured Concrete
- Stone Exterior Construction
Interior Spaces
- 4-Story Property
- Elevator
- Water Views
- Partial Basement
Schools
- Lapham/Marquette Elementary School
- Okeeffe Middle School
- East High School
Utilities
- Water Softener is Owned
- High Speed Internet
Additional Features
- 6,098 Sq Ft Lot
- Property is near bus stop
Community Details
- 26 Units
- Mansion Hill Historic District Subdivision
Listing and Financial Details
- Assessor Parcel Number 0709-144-0708-0
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 6, 2023
Closed on
Apr 28, 2023
Sold by
Miller Holdings Of Madison Llc
Bought by
1 East Gilman Acquisition Llc
Seller's Agent
Andrew Stebnitz
Restaino & Associates
Buyer's Agent
Paul Haviland
Stark Company, REALTORS
List Price
$5,000,000
Sold Price
$5,100,000
Premium/Discount to List
$100,000
2%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,226,903
Original Mortgage
$5,260,000
Outstanding Balance
$5,086,198
Interest Rate
6.42%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 21, 2022
Sold by
Miller Kenneth N
Bought by
Miller Holdings Of Madison Llc
Purchase Details
Closed on
May 17, 2012
Sold by
Miller Duane
Bought by
Miller Kenneth N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1 East Gilman Acquisition Llc | $5,100,000 | None Listed On Document | |
| Miller Holdings Of Madison Llc | -- | None Listed On Document | |
| Miller Kenneth N | $1,000,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1 East Gilman Acquisition Llc | $5,260,000 | |
| Previous Owner | Miller Kenneth N | $1,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/01/2023 05/01/23 | Sold | $5,100,000 | +2.0% | -- |
| 02/10/2023 02/10/23 | Pending | -- | -- | -- |
| 02/06/2023 02/06/23 | For Sale | $5,000,000 | -- | -- |
Source: South Central Wisconsin Multiple Listing Service
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $181,043 | $5,100,000 | $200,000 | $4,900,000 |
| 2023 | $53,200 | $2,525,000 | $200,000 | $2,325,000 |
| 2022 | $83,253 | $2,105,000 | $200,000 | $1,905,000 |
| 2021 | $39,507 | $1,830,000 | $200,000 | $1,630,000 |
| 2020 | $39,271 | $1,740,000 | $196,000 | $1,544,000 |
| 2019 | $37,297 | $1,657,000 | $196,000 | $1,461,000 |
| 2018 | $35,459 | $1,578,000 | $196,000 | $1,382,000 |
| 2017 | $34,005 | $1,461,000 | $196,000 | $1,265,000 |
| 2016 | $33,265 | $1,391,000 | $178,000 | $1,213,000 |
| 2015 | $32,006 | $1,262,000 | $178,000 | $1,084,000 |
| 2014 | $30,496 | $1,262,000 | $178,000 | $1,084,000 |
| 2013 | $26,701 | $1,262,000 | $178,000 | $1,084,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Paul Haviland
Buyer's Agent in 2023
Paul Haviland
Stark Company, REALTORS
(608) 843-4442
16 in this area
371 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1949942
APN: 0709-144-0708-0
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