NOT LISTED FOR SALE

Estimated Value: $467,000 - $568,466

4 Beds
4 Baths
3,000 Sq Ft
$177/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $270,000 $90 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $4,024/month

Highlights

  • Balcony
  • Eat-In Kitchen
  • Water Softener is Owned
  • West High School Rated A
  • Property is near a bus stop
  • 3-minute walk to Cypress Spray Park

About This Home

As of December 2017

Calling all investors! This well maintained brick 4-unit will be a solid addition to your investment portfolio. Unit 1 just had a 100k top to bottom remodel! (pictured). Roof replaced 2015, hardwood floors throughout, generous parking lot behind the building for tenant/owner usage. Great rental history! Minutes to downtown Madison, shopping and dining.

Last Agent to Sell the Property

Jack Cheng

Real Broker LLC License #58233-90 Listed on: 12/04/2017

Last Buyer's Agent

Jack Cheng

Real Broker LLC License #58233-90 Listed on: 12/04/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,391

Year Built

  • Built in 1959

Lot Details

  • 9,148

Parking

  • Outside Parking

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • Family Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Schools

  • Midvale/Lincoln Elementary School
  • Call School District Middle School
  • Call School District High School

Utilities

  • Radiant Heating System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Balcony
  • 9,148 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-352-0227-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,391

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Washers: 1
  • Number Water Heaters: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside
  • Utilities: Separate elec meters

Schools

  • School District: Madison
  • Elementary School: Midvale/Lincoln
  • Middle School: Call School District
  • High School: Call School District
  • Elementary School: Midvale/Lincoln
  • High School: Call School District
  • Middle School: Call School District
  • School District: Madison

Lot Info

  • Estimated Aces: 0.21
  • Zoning: SR-V1
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 66200
  • Improvements: 139300
  • Total Assessment: 205500
  • Assessment year: 2017
  • Net Taxes: 4391
  • Tax Year: 2016
  • Assessor Parcel Number: 0709-352-0227-9

Multi Family

  • Number Of1 Bedrooms: 4
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2017
Closed on
Dec 26, 2017
Sold by
Wisconsin Institute Of Business & Techno
Bought by
Fiedler Crossing Llc
Seller's Agent
Jack Cheng
Real Broker LLC
Buyer's Agent
Jack Cheng
Real Broker LLC
List Price
$275,000
Sold Price
$270,000
Premium/Discount to List
-$5,000
-1.82%
Current Estimated Value
$530,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,617
Avg. Annual Appreciation
7.09%

Purchase Details

Listed on
Apr 6, 2017
Closed on
Apr 28, 2017
Sold by
Iftikar Syed H and Iftikar Ellen S
Bought by
Wisconsin Institute Of Business And Tech
Seller's Agent
Dasha Shy
South Central Non-Member
Buyer's Agent
Christina Schmidt
Real Broker LLC
List Price
$237,500
Sold Price
$237,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.19%

Purchase Details

Listed on
Nov 6, 2012
Closed on
Aug 9, 2013
Sold by
Steinhauer Duane
Bought by
Iftikar Syed H and Iftikar Ellen S
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Dasha Shy
South Central Non-Member
List Price
$198,000
Sold Price
$186,500
Premium/Discount to List
-$11,500
-5.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%
Original Mortgage
$100,000
Interest Rate
4.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2009
Sold by
U S Bank National Association
Bought by
Steinhauer Duane

Purchase Details

Closed on
Dec 29, 2008
Sold by
Brathwaite Alva
Bought by
Lasalle Bank National Association and Msm 2007-15Ar

Purchase Details

Closed on
May 2, 2006
Sold by
Ripple Thomas D
Bought by
Brathwaite Alva and Brathwaite Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,465
Interest Rate
6.37%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fiedler Crossing Llc $270,000 --
Wisconsin Institute Of Business And Tech $237,500 None Available
Iftikar Syed H $186,500 None Available
Steinhauer Duane $119,000 None Available
U S Bank National Association -- Wi Title
Lasalle Bank National Association -- None Available
Brathwaite Alva $246,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Iftikar Syed H $100,000
Previous Owner Brathwaite Alva $87,465
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2017 12/22/17 Sold $270,000 -1.8% $90 / Sq Ft
12/04/2017 12/04/17 For Sale $275,000 +15.8% $92 / Sq Ft
05/03/2017 05/03/17 Sold $237,500 0.0% $79 / Sq Ft
04/12/2017 04/12/17 Pending -- -- --
04/06/2017 04/06/17 For Sale $237,500 +27.3% $79 / Sq Ft
08/09/2013 08/09/13 Sold $186,500 -5.8% $62 / Sq Ft
06/05/2013 06/05/13 Pending -- -- --
11/06/2012 11/06/12 For Sale $198,000 -- $66 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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 $14,526 $415,000 $89,000 $326,000
2023 $6,675 $370,000 $81,000 $289,000
2021 $6,020 $284,000 $67,000 $217,000
2020 $6,302 $284,000 $66,200 $217,800
2019 $6,327 $284,000 $66,200 $217,800
2018 $6,003 $270,000 $66,200 $203,800
2017 $4,715 $205,500 $66,200 $139,300
2016 $4,391 $186,500 $60,200 $126,300
2015 $4,437 $186,500 $60,200 $126,300
2014 $4,441 $186,500 $60,200 $126,300
2013 $3,209 $198,000 $60,200 $137,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1818936

South Central Wisconsin Multiple Listing Service

APN: 0709-352-0227-9