NOT LISTED FOR SALE

Estimated Value: $554,000 - $2,155,000

10 Beds
12 Baths
5,692 Sq Ft
$238/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $2,425,000 $426 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $8,797/month

80 Days on Market

Highlights

  • 1.44 Acre Lot
  • Fireplace
  • En-Suite Primary Bedroom
  • Balcony
  • Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of December 2021

Opportunity to own three 4-unit townhomes on Madison's east side. These 2 and 3 bedroom units feature great layouts with large bedrooms and closets, 2 car private garages, private decks, and unfinished basement space for additional storage. The property includes plenty of additional surface parking as well as green space located across the private driveway perfect for tenants with pets. Current market rents are $1895 for 3BR and $1595 for 2BR.

Last Agent to Sell the Property

Cory Frank

RE/MAX Preferred License #83824-94 Listed on: 08/22/2021

RE/MAX Preferred

Last Buyer's Agent

Cory Frank

RE/MAX Preferred License #83824-94 Listed on: 08/22/2021

RE/MAX Preferred

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $46,943

Year Built

  • Built in 2008

Lot Details

  • 1.44

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2-Story Property
  • Fireplace

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Basement

  • Partial Basement
  • Basement Windows

Parking

  • Attached Garage
  • Garage Door Opener

Schools

  • Kennedy Elementary School
  • Whitehorse Middle School
  • Lafollette High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter
  • Water Softener is Owned

Additional Features

  • Balcony
  • 1.44 Acre Lot

Community Details

  • 12 Units
  • Meadowlands Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$46,943

Year Built

Built in 2008

Lot Details

1.44 Acres

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, Townhouse style units
  • Items Excluded: Tenant's personal belongings
  • Items Included: 12 refrigerators, 12 ranges, 12 dishwashers, 12 washers, 12 dryers
  • Miscellaneous: Water Softener Owned
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Full size windows/Exposed, Poured concrete foundatn
  • Number Dish Washers: 12
  • Number Dryers: 12
  • Number Units W Ac: 12
  • Number Washers: 12
  • Number Water Softeners: 12

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 24

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Attached, Opener inc
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters

Schools

  • Elementary School: Kennedy
  • High School: Lafollette
  • Middle School: Whitehorse
  • School District: Madison

Lot Info

  • Estimated Aces: 1.44
  • Zoning: PD

Tax Info

  • Net Taxes: 46943
  • Tax Year: 2020
  • Assessor Parcel Number: 0000-000-0000-0

Multi Family

  • Number Of2 Bedrooms: 6
  • Number Of3 Bedrooms: 6
  • Number Of Units: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2021
Closed on
Dec 30, 2021
Sold by
Gf Investments Llc
Bought by
Alena Townhomes Llc
Seller's Agent
Cory Frank
RE/MAX Preferred
Buyer's Agent
Cory Frank
RE/MAX Preferred
List Price
$2,590,000
Sold Price
$2,425,000
Premium/Discount to List
-$165,000
-6.37%
Current Estimated Value
$1,354,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,070,500
Avg. Annual Appreciation
-12.92%
Original Mortgage
$1,940,000
Outstanding Balance
$344,611
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$1,009,889

Purchase Details

Closed on
May 1, 2007
Sold by
Harbort Gene B
Bought by
Cf Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,800
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2006
Sold by
Great Neighborhoods East Llc
Bought by
Harbort Gene B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,500
Interest Rate
6.7%
Mortgage Type
Unknown
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
Alena Townhomes Llc $2,425,000 None Listed On Document
Cf Investments Llc $351,000 None Available
Harbort Gene B $374,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alena Townhomes Llc $1,940,000
Previous Owner Cf Investments Llc $280,800
Previous Owner Harbort Gene B $168,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/01/2022 01/01/22 Off Market $2,425,000 -- --
12/30/2021 12/30/21 Sold $2,425,000 -6.4% $426 / Sq Ft
08/22/2021 08/22/21 For Sale $2,590,000 -- $455 / 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
2025 $19,306 $1,034,000 $146,000 $888,000
2024 $32,229 $915,000 $146,000 $769,000
2023 $15,967 $830,000 $133,000 $697,000
2022 $31,733 $805,000 $121,000 $684,000
2021 $15,200 $711,000 $110,000 $601,000
2020 $15,131 $677,000 $110,000 $567,000
2019 $14,626 $645,000 $110,000 $535,000
2018 $13,795 $616,000 $109,400 $506,600
2017 $13,360 $560,000 $109,400 $450,600
2016 $12,697 $533,000 $104,400 $428,600
2015 $12,222 $479,000 $104,400 $374,600
2014 $11,527 $479,000 $104,400 $374,600
2013 $11,825 $479,000 $104,400 $374,600
Source: Public Records

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1918061

South Central Wisconsin Multiple Listing Service

APN: 0710-013-0402-2

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