$120,064
SOLD MAR 28, 2012

1019 E Gorham St Unit 1 Madison, WI 53703

Tenney-Lapham Neighborhood
2 Beds
2 Baths
1,216 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$99 Per Sq Ft

8% Below List Price

About This Home

As of May 2021

2 flat on E. Gorham St - clean 1 bedroom / 1 bath units with some updates.

Last Agent to Sell the Property

Brandon Grosse

Accord Realty License #54913-90 Listed on: 03/18/2012

Last Buyer's Agent

James Stopple

Madison Property Management, Inc. License #12003-90

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Home Design

  • Duplex
  • Vinyl Siding

Schools

  • Lapham/Marquette Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Radiant Heating System
  • Separate Meters

Additional Features

  • Oven or Range
  • Basement Fills Entire Space Under The House
  • 4,356 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-131-1328-2

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Miscellaneous: Close to bus line
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space
  • Utilities: Separate elec meters

Schools

  • School District: Madison
  • Elementary School: Lapham/Marquette
  • Middle School: OKeeffe
  • High School: East
  • Elementary School: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Lot Sq Ft: 4356
  • Zoning: R3
  • Geo Subdivision: WI

Rental Info

  • Total Income: 16080

Tax Info

  • Land Assessment: 58100
  • Improvements: 89400
  • Total Assessment: 147500
  • Assessment year: 2011
  • Net Taxes: 3778
  • Tax Year: 2011
  • Assessor Parcel Number: 0709-131-1328-2

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
May 14, 2021
Sold by
Pennies For College Llc
Bought by
Morrison Stacey and Morrison James
Seller's Agent
Seth Pfaehler
The McGrady Group, LLC
Buyer's Agent
Jo Ferraro
EXP Realty, LLC
List Price
$319,000
Sold Price
$285,000
Premium/Discount to List
-$34,000
-10.66%
Total Days on Market
0
Current Estimated Value
$424,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,484
Avg. Annual Appreciation
10.26%
Original Mortgage
$213,750
Outstanding Balance
$196,163
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$228,321

Purchase Details

Listed on
Aug 15, 2013
Closed on
May 5, 2014
Sold by
Orton Park Llc
Bought by
Pennies For College Llc
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
James Stopple
Madison Property Management, Inc.
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%
Original Mortgage
$124,000
Interest Rate
4.33%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 18, 2012
Closed on
Mar 28, 2012
Sold by
Union Federal Savings & Loan Association
Bought by
Orton Park Llc
Seller's Agent
Brandon Grosse
Accord Realty
Buyer's Agent
James Stopple
Madison Property Management, Inc.
List Price
$129,900
Sold Price
$120,064
Premium/Discount to List
-$9,836
-7.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.93%
Original Mortgage
$108,000
Interest Rate
3.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 17, 2012
Sold by
1019 East Gorham Street Llc
Bought by
Union Federal Savings & Loan Association

Purchase Details

Closed on
Feb 22, 2006
Sold by
Mcconley Dion J
Bought by
Punzal Jason L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $285,000 Wisconsin Title & Escrow
Warranty Deed $155,000 First American Title
Warranty Deed $120,100 Wisconsin Title & Escrow Llc
Warranty Deed -- None Available
Warranty Deed $160,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $213,750 New Conventional
Closed $213,750 New Conventional
Previous Owner $124,000 Commercial
Previous Owner $108,000 Seller Take Back
Previous Owner $143,000 Unknown
Previous Owner $153,600 Commercial
Previous Owner $2,000,000 Future Advance Clause Open End Mortgage
Previous Owner $2,100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $285,000 -4.7% $238 / Sq Ft
04/09/2021 04/09/21 Pending -- -- --
04/08/2021 04/08/21 Price Changed $299,000 -6.3% $249 / Sq Ft
03/17/2021 03/17/21 For Sale $319,000 +105.8% $266 / Sq Ft
05/05/2014 05/05/14 Sold $155,000 -3.1% $168 / Sq Ft
04/03/2014 04/03/14 Pending -- -- --
08/15/2013 08/15/13 For Sale $160,000 +33.3% $173 / Sq Ft
03/28/2012 03/28/12 Sold $120,064 -7.6% $99 / Sq Ft
03/18/2012 03/18/12 Pending -- -- --
03/18/2012 03/18/12 For Sale $129,900 -- $107 / 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 $11,492 $329,300 $97,800 $231,500
2023 $5,538 $307,800 $97,800 $210,000
2021 $5,147 $243,400 $90,600 $152,800
2020 $4,985 $225,400 $84,700 $140,700
2019 $4,629 $208,700 $77,000 $131,700
2018 $4,399 $198,800 $74,000 $124,800
2017 $4,137 $180,700 $74,000 $106,700
2016 $3,859 $164,300 $68,500 $95,800
2015 $3,675 $153,300 $58,700 $94,600
2014 $3,636 $153,300 $58,700 $94,600
2013 $3,779 $147,400 $56,400 $91,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1649429

South Central Wisconsin Multiple Listing Service

APN: 0709-131-1328-2