Lena Oberwetter
Real Broker LLC
(608) 512-0674
36 Total Sales
3 in Downtown Madison
$285K - $760K Price Range
1 E Gilman St Madison, WI 53703
Downtown Madison NeighborhoodEstimated Value: $1,873,097
Studio
26
Baths
--
Sq Ft
6,098
Sq Ft Lot
Highlights
- Water Views
- 0.14 Acre Lot
- Water Softener is Owned
- Marquette Elementary Rated A-
- Property is near bus stop
- 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
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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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 6, 2023
Closed on
Apr 28, 2023
Sold by
Bought by
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
$5,057,091
Interest Rate
6.42%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 21, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
4.67%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 17, 2012
Sold by
Bought by
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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Madison, WI
-
Lena Oberwetter
-
Jean Armendariz-Kerr
Jean Armendariz-Kerr
Mode Realty Network
(608) 292-5201
103 Total Sales
1 in Downtown Madison
$501,500 Price
-
Matt Deadman
Matt Deadman
Real Broker LLC
(608) 292-3702
179 Total Sales
1 in Downtown Madison
$330,000 Price
-
Allen Morris
Allen Morris
Berkshire Hathaway HomeServices True Realty
(608) 208-9971
129 Total Sales
1 in Downtown Madison
$385,500 Price
-
Mary Browning
Mary Browning
Compass Real Estate Wisconsin
(608) 292-3610
106 Total Sales
1 in Downtown Madison
$960,000 Price
-
Erica Thompson Colstad
Erica Thompson Colstad
Stark Company, REALTORS
(608) 292-2528
74 Total Sales
1 in Downtown Madison
$450,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $5,100,000 | None Listed On Document | ||
| -- | None Listed On Document | ||
| $1,000,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $5,260,000 | ||
| Previous Owner | $2,400,000 | ||
| Previous Owner | $1,000,000 | ||
| Previous Owner | $100,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $95,356 | $5,100,000 | $200,000 | $4,900,000 |
| 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
-
A
Seller's Agent in 2023
Andrew Stebnitz
Restaino & Associates
-
Paul Haviland
Buyer's Agent in 2023
Paul Haviland
Stark Company, REALTORS
(608) 843-4442
20 in this area
336 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1949942
APN: 0709-144-0708-0
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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