Seller's Agent in 2023
Carlos Alvarado
Compass Real Estate Wisconsin
(608) 438-6757
8 in this area
147 Total Sales
1018 Gammon Ln Madison, WI 53719
Westside NeighborhoodEstimated Value: $787,000 - $898,844
8
Beds
4
Baths
2,672
Sq Ft
$315/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
- 14,810 Sq Ft Lot
Community Details
- 5 Units
- Net Operating Income $59,978
Listing and Financial Details
- Assessor Parcel Number 070835101208
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
Oct 21, 2022
Closed on
Jan 10, 2023
Sold by
Bought by
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
30
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
$87,922
Avg. Annual Appreciation
3.25%
Original Mortgage
$600,000
Outstanding Balance
$577,141
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$265,781
Purchase Details
Closed on
Dec 20, 2018
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
$428,000
Interest Rate
4.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 5, 2017
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
$396,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 30, 2007
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $755,000 | -- | ||
| $755,000 | -- | ||
| $535,000 | First American Title | ||
| $535,000 | First American Title | ||
| $495,000 | -- | ||
| $495,000 | -- | ||
| -- | None Available | ||
| -- | 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 | $600,000 | ||
| Previous Owner | $428,000 | ||
| Previous Owner | $396,000 |
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 |
|---|---|---|---|---|
| 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
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 | $14,501 | $800,300 | $120,000 | $680,300 |
| 2024 | $28,072 | $755,000 | $120,000 | $635,000 |
| 2023 | $13,361 | $755,000 | $109,000 | $646,000 |
| 2022 | $22,628 | $589,000 | $99,000 | $490,000 |
| 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
34 in this area
424 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1945838
APN: 0708-351-0120-8
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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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