Seller's Agent in 2023
Carlos Alvarado
Compass Real Estate Wisconsin
(608) 438-6757
10 in this area
157 Total Sales
1018 Gammon Ln Madison, WI 53719
Westside NeighborhoodEstimated Value: $878,000 - $940,736
8
Beds
4
Baths
2,672
Sq Ft
$340/Sq Ft
Est. Value
Highlights
- Balcony
- Fireplace
- Water Softener is Owned
- West Middleton Elementary School Rated A
- Central Air
- Washer and Dryer
About This Home
As of January 2023This profit-producing five-unit building is a great opportunity. Four of the units are 2 bedroom apartments and one unit is been used as commercial office space for lease. Located in the popular Southwest of Madison. Residential units offer two bedrooms, one bathroom, a balcony, a combined dining and living room plus plenty of parking. The lower level space hosts a long-term tenant. The property generates great income and is easy to rent. The financials spreadsheet is available upon request. Visit www.TheAlvaradoGroup.com for more info & to set up a private showing: Carlos 608.438.6757.
Last Agent to Sell the Property
Compass Real Estate Wisconsin License #55155-90 Listed on: 10/21/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,556
Year Built
- Built in 1987
Lot Details
- 0.34
Home Design
- Vinyl Siding
Interior Spaces
- 3-Story Property
- Fireplace
Kitchen
- Oven or Range
- Dishwasher
Laundry
- Laundry in unit
- Washer and Dryer
Parking
- 11 Open Parking Spaces
- 1 Covered Space
- Outside Parking
Schools
- Call School District Elementary And Middle School
- Call School District High School
Utilities
- Central Air
- Radiant Heating System
- Separate Meters
- Separate Water Meter
- Water Softener is Owned
- High Speed Internet
Additional Features
- Balcony
- 0.34 Acre Lot
Community Details
- 5 Units
- Net Operating Income $59,978
Listing and Financial Details
- Assessor Parcel Number 070835101208
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 21, 2022
Closed on
Jan 10, 2023
Sold by
Brooklyn Properties Llc
Bought by
1018 Gammon Llc
Seller's Agent
Carlos Alvarado
Compass Real Estate Wisconsin
Buyer's Agent
Cheng Real Estat Group
Real Broker LLC
List Price
$790,000
Sold Price
$755,000
Premium/Discount to List
-$35,000
-4.43%
Views
33
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
$154,368
Avg. Annual Appreciation
6.95%
Original Mortgage
$600,000
Outstanding Balance
$581,069
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$328,299
Purchase Details
Closed on
Dec 20, 2018
Sold by
Gammon Five Llc
Bought by
Brooklyn Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
4.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 5, 2017
Sold by
1018Gammon Lane Llc
Bought by
Gammon Five Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 30, 2007
Sold by
Ellefson Thomas J
Bought by
1018 Gammon Lane Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1018 Gammon Llc | $755,000 | -- | |
| Brooklyn Properties Llc | $535,000 | First American Title | |
| Gammon Five Llc | $495,000 | -- | |
| 1018 Gammon Lane Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1018 Gammon Llc | $600,000 | |
| Previous Owner | Brooklyn Properties Llc | $428,000 | |
| Previous Owner | Gammon Five Llc | $396,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/10/2023 01/10/23 | Sold | $755,000 | -4.4% | $283 / Sq Ft |
| 10/21/2022 10/21/22 | For Sale | $790,000 | -- | $296 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
Tax History Compared to Growth
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 | $28,072 | $755,000 | $120,000 | $635,000 |
| 2023 | $13,361 | $755,000 | $109,000 | $646,000 |
| 2021 | $10,622 | $535,000 | $90,000 | $445,000 |
| 2020 | $11,427 | $535,000 | $90,000 | $445,000 |
| 2019 | $11,424 | $535,000 | $90,000 | $445,000 |
| 2018 | $10,292 | $495,000 | $90,000 | $405,000 |
| 2017 | $7,949 | $366,000 | $93,900 | $272,100 |
| 2016 | $7,893 | $352,000 | $89,900 | $262,100 |
| 2015 | $8,268 | $352,000 | $89,900 | $262,100 |
| 2014 | $8,305 | $352,000 | $89,900 | $262,100 |
| 2013 | $8,622 | $342,000 | $89,900 | $252,100 |
Source: Public Records
Agents Affiliated with this Home
-
Carlos Alvarado
-
Cheng Real Estat Group
C
Buyer's Agent in 2023
Cheng Real Estat Group
Real Broker LLC
(608) 957-2683
31 in this area
405 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1945838
APN: 0708-351-0120-8
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