NOT LISTED FOR SALE

1008 Vilas Ave Madison, WI 53715

Greenbush Neighborhood

Estimated Value: $787,894 - $967,000

9 Beds
3 Baths
3,100 Sq Ft
$272/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $657,000 $212 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $6,331/month

13 Days on Market

Highlights

  • Wood Flooring
  • Water Softener is Owned
  • Wood Siding
  • Hamilton Middle School Rated A
  • Forced Air Heating System

About This Home

As of October 2022

Showings begin 9/30. Tremendous investment opportunity in the desirable Vilas neighborhood of Madison. All 3 units are fully leased 3 bed/1bath flats that generate nearly $60,000 in combined revenue a year.

Last Agent to Sell the Property

Joffre Pedretti

Keller Williams Realty Listed on: 09/05/2022

Keller Williams Realty

Last Buyer's Agent

Liz Quinn

Compass Real Estate Wisconsin License #84592-94

Compass Real Estate Wisconsin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,275

Year Built

  • Built in 1904

Lot Details

  • 2,439 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Oven or Range

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Water Softener is Owned

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-233-0814-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,275

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Items Excluded: Seller's personal property.
  • Items Included: 3x Stoves, 3x Refrigerators, All window coverings, Washer, Dryer, Water softener.
  • Miscellaneous: Water Softener Owned
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

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

Schools

  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.056
  • Zoning: TR-C3

Rental Info

  • Total Income: 59580

Tax Info

  • Net Taxes: 12275
  • Tax Year: 2021
  • Assessor Parcel Number: 0709-233-0814-6

Multi Family

  • Number Of3 Bedrooms: 3
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 14, 2025
Sold by
Hochschild Sophie and Scarafia Jeffrey
Bought by
1008 Vam Llc
Current Estimated Value
$825,107

Purchase Details

Listed on
Sep 5, 2022
Closed on
Oct 28, 2022
Sold by
Seven Two Properties Llc
Bought by
Hochschild Sophie and Scarafia Jeffrey
Seller's Agent
Joffre Pedretti
Keller Williams Realty
Buyer's Agent
Liz Quinn
Compass Real Estate Wisconsin
List Price
$675,000
Sold Price
$657,000
Premium/Discount to List
-$18,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Original Mortgage
$650,000
Interest Rate
6.02%
Mortgage Type
Balloon

Purchase Details

Listed on
Jan 11, 2019
Closed on
Feb 11, 2019
Sold by
Grindstone Management Llc
Bought by
Seven Two Properties Llc
Seller's Agent
Katie Schmitz
The Hub Realty
Buyer's Agent
Joffre Pedretti
Keller Williams Realty
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.61%
Original Mortgage
$460,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 22, 2014
Sold by
Schmitz Ryan Neville
Bought by
Grindstone Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 15, 2010
Sold by
Forrand Lewis Llc
Bought by
Schmitz Ryan Neville

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,969
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 2005
Sold by
Cool Digs Llc
Bought by
Forrand Lewis Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
5.71%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
1008 Vam Llc $695,500 None Listed On Document
Hochschild Sophie $657,000 --
Seven Two Properties Llc $575,000 None Available
Grindstone Management Llc -- Wisconsin Title & Escrow Llc
Schmitz Ryan Neville $360,500 None Available
Forrand Lewis Llc $338,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hochschild Sophie $650,000
Previous Owner Seven Two Properties Llc $460,000
Previous Owner Grindstone Management Llc $345,000
Previous Owner Schmitz Ryan Neville $353,969
Previous Owner Forrand Lewis Llc $292,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2022 10/27/22 Sold $657,000 0.0% $212 / Sq Ft
09/18/2022 09/18/22 Pending -- -- --
09/06/2022 09/06/22 Off Market $657,000 -- --
09/05/2022 09/05/22 For Sale $675,000 +17.4% $218 / Sq Ft
01/22/2019 01/22/19 Sold $575,000 0.0% $185 / Sq Ft View Prior Sale
01/11/2019 01/11/19 Pending -- -- --
01/11/2019 01/11/19 For Sale $575,000 -- $185 / Sq Ft
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 $24,458 $695,500 $68,600 $626,900
2023 $11,793 $650,000 $52,800 $597,200
2022 $26,038 $661,300 $50,300 $611,000
2021 $12,276 $575,000 $45,300 $529,700
2020 $12,840 $575,000 $45,300 $529,700
2019 $11,138 $497,300 $43,600 $453,700
2018 $10,588 $473,600 $40,400 $433,200
2017 $9,964 $430,500 $40,400 $390,100
2016 $9,749 $410,000 $37,400 $372,600
2015 $9,377 $371,900 $34,300 $337,600
2014 $8,932 $371,900 $34,300 $337,600
2013 $8,242 $361,100 $32,100 $329,000
Source: Public Records

Agents Affiliated with this Home

  • Joffre Pedretti

    Seller's Agent in 2022

    Joffre Pedretti

    Keller Williams Realty

    (608) 698-8503

    2 in this area

    246 Total Sales

    Joffre Pedretti
    Section Image
  • Liz Quinn

    Buyer's Agent in 2022

    Liz Quinn

    Compass Real Estate Wisconsin

    (608) 297-1544

    1 in this area

    139 Total Sales

    Liz Quinn
    Section Image
  • Katie Schmitz

    Seller's Agent in 2019

    Katie Schmitz

    The Hub Realty

    (608) 556-4400

    2 in this area

    72 Total Sales

    Katie Schmitz
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1942803

South Central Wisconsin Multiple Listing Service

APN: 0709-233-0814-6

Wisconsin Dane County Madison 53715 Greenbush

1008 Vilas Ave, Madison, WI

Not Listed for Sale

MultiFamily

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