NOT LISTED FOR SALE

1026 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $447,000 - $559,000

4 Beds
3 Baths
2,168 Sq Ft
$227/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $402,900 $186 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,728/month

10 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Entrance Foyer
  • Den
  • Balcony
  • 3-minute walk to Giddings Park

About This Home

As of September 2023

No showings until 7/19. Amazing downtown location two-unit property! This property is currently owner occupied on the upper unit and is ready for you to move in. Upper unit has tall ceilings, a huge primary bedroom, a great second bedroom perfect for an office. The lower level also has very tall ceilings, two nicely updated bathrooms, and two great sized bedrooms. The lower level basement is where laundry, furnaces, water heaters, and storage is located. It even walks out to the exterior backyard! Low maintenance backyard with lots of ferns and hostas. New water heaters 2020, one new furnace 2020, new washer and dryer 2023.

Last Agent to Sell the Property

Alison Kane

Stark Company, REALTORS License #58999-90 Listed on: 07/12/2023

Stark Company, REALTORS

Co-Listed By

Joseph Dlugosz

Stark Company, REALTORS License #87178-94

Last Buyer's Agent

Marine Yoo

Real Broker LLC

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,232

Year Built

  • Built in 1884

Lot Details

  • 4,356 Sq Ft Lot
  • Fenced Yard

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Entrance Foyer
  • Dining Room
  • Den
  • Wood Flooring
  • Oven or Range

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • High Speed Internet

Additional Features

  • Low Pile Carpeting
  • Balcony
  • Property is near a bus stop

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-132-0219-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,232

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Barrier Free: Low pile or no carpeting
  • Items Excluded: Seller's personal property, tenants personal property
  • Items Included: 2 Range/ovens, 2 Refrigerators, 1 microwave, 1 washer, 1 dryer
  • Miscellaneous: Shared laundry, Close to bus line, Fenced yard, Internet - Cable
  • Year Built: 1884
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard
  • Number Dryers: 1
  • Number Units W Ac: 2
  • Number Washers: 1

Exterior Features

  • Exterior: Stucco

Garage/Parking

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

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.1
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 16800

Tax Info

  • Net Taxes: 8232
  • Tax Year: 2022
  • Assessor Parcel Number: 0709-132-0219-2

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Sep 15, 2023
Sold by
Witter David E
Bought by
Feng Yonghua and Yang Qianfan
Seller's Agent
Alison Kane
Stark Company, REALTORS
Buyer's Agent
Marine Yoo
Real Broker LLC
List Price
$425,000
Sold Price
$402,900
Premium/Discount to List
-$22,100
-5.2%
Views
51
Current Estimated Value
$491,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,759
Avg. Annual Appreciation
9.12%
Original Mortgage
$322,320
Outstanding Balance
$315,835
Interest Rate
7.24%
Mortgage Type
New Conventional
Estimated Equity
$175,824

Purchase Details

Closed on
May 1, 2021
Sold by
Witter Jacqueline R
Bought by
Witter David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,200
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 1, 2016
Closed on
Jun 15, 2017
Sold by
Bertram Bradlee and Bertram Lydia
Bought by
Witter Jacqueline R and Witter David E
Seller's Agent
Ashley Heinzen
Realty Executives Cooper Spransy
Buyer's Agent
Ellie Feldman Colosimo
EXP Realty, LLC
List Price
$349,900
Sold Price
$336,000
Premium/Discount to List
-$13,900
-3.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.57%
Original Mortgage
$268,800
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 15, 2013
Closed on
Aug 6, 2013
Sold by
Ritschard Tricia
Bought by
Bertram Bradlee and Bertram Lydia
Seller's Agent
Melissa LeGrand
@properties-elleven Christie's
Buyer's Agent
Nicole Charles
EXP Realty, LLC
List Price
$235,000
Sold Price
$191,000
Premium/Discount to List
-$44,000
-18.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.71%
Original Mortgage
$152,800
Interest Rate
4.53%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Feng Yonghua $402,900 None Listed On Document
Witter David E -- None Available
Witter Jacqueline R $336,000 None Available
Bertram Bradlee $191,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feng Yonghua $322,320
Previous Owner Witter David E $268,200
Previous Owner Witter Jacqueline R $268,800
Previous Owner Bertram Bradlee $152,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2023 09/15/23 Sold $402,900 -5.2% $186 / Sq Ft
07/18/2023 07/18/23 For Sale $425,000 +5.5% $196 / Sq Ft
07/13/2023 07/13/23 Off Market $402,900 -- --
07/12/2023 07/12/23 For Sale $425,000 +26.5% $196 / Sq Ft
06/23/2017 06/23/17 Sold $336,000 -4.0% $155 / Sq Ft View Prior Sale
11/05/2016 11/05/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $349,900 +83.2% $161 / Sq Ft
08/12/2013 08/12/13 Sold $191,000 -18.7% $89 / Sq Ft View Prior Sale
07/08/2013 07/08/13 Pending -- -- --
01/15/2013 01/15/13 For Sale $235,000 -- $110 / 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 $13,818 $395,000 $95,800 $299,200
2023 $8,197 $453,300 $95,800 $357,500
2021 $8,761 $411,500 $88,700 $322,800
2020 $8,481 $381,000 $82,900 $298,100
2019 $7,879 $352,800 $75,400 $277,400
2018 $7,560 $336,000 $72,500 $263,500
2017 $5,254 $228,600 $72,500 $156,100
2016 $4,901 $207,800 $67,100 $140,700
2015 $4,668 $188,000 $57,500 $130,500
2014 $4,477 $188,000 $57,500 $130,500
2013 $5,089 $224,200 $55,300 $168,900
Source: Public Records

Agents Affiliated with this Home

  • Alison Kane

    Seller's Agent in 2023

    Alison Kane

    Stark Company, REALTORS

    (608) 212-1962

    2 in this area

    163 Total Sales

    Alison Kane
    Section Image
  • Joseph Dlugosz

    Seller Co-Listing Agent in 2023

    Joseph Dlugosz

    Stark Company, REALTORS

    (608) 443-2537

    2 in this area

    90 Total Sales

    Joseph Dlugosz
    Section Image
  • Marine Yoo

    Buyer's Agent in 2023

    Marine Yoo

    Real Broker LLC

    (608) 527-0753

    5 in this area

    1,479 Total Sales

    Marine Yoo
    Section Image
  • Ashley Heinzen

    Seller's Agent in 2017

    Ashley Heinzen

    Realty Executives

    (608) 630-0632

    24 Total Sales

    Ashley Heinzen
    Section Image
  • Melissa LeGrand

    Seller's Agent in 2013

    Melissa LeGrand

    @properties-elleven Christie's

    (608) 733-7760

    1 in this area

    168 Total Sales

    Melissa LeGrand
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1959739

South Central Wisconsin Multiple Listing Service

APN: 0709-132-0219-2

Wisconsin Dane County Madison 53703 Tenney-Lapham

1026 E Gorham St, Madison, WI

Not Listed for Sale

MultiFamily

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