NOT LISTED FOR SALE

1027 E Johnson St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $518,000 - $639,000

3 Beds
3 Baths
2,705 Sq Ft
$214/Sq Ft Est. Value

Last Sold March 01, 2021

Last sale price $425,000 $157 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,448/month

2 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Family Room
  • Balcony
  • Dining Room
  • 4-minute walk to Giddings Park

About This Home

As of March 2021

This property is ready for you today. Turn of century character make this a great investment property and easy to rent! Located in a high demand area for U.W. students, with off street parking, this building will always be fully occupied. Unit 2 has possibility of 3red bedroom. Some pictures are from the previous listing used with permission of Real Estate Agent. Energy Star newer boiler/water heater. 15 hour notice needed. No showings before 11am.

Last Agent to Sell the Property

Team GRA

Century 21 Affiliated Listed on: 01/21/2021

Last Buyer's Agent

Seth Pfaehler

The McGrady Group, LLC License #58575-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,804

Year Built

  • Built in 1908

Lot Details

  • 5,227

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Family Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 4 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating

Additional Features

  • Balcony
  • 5,227 Sq Ft Lot

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-131-1423-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,804

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Items Excluded: Tenants personal items
  • Items Included: 3 stoves, 3 refrigerators, 1 Dishwasher, 2 Washers, 2 dryers, 1 (0wned) water softener, High efficiency newer boiler (Energy Star) with water heater. Lawn mower.1 window AC
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 1
  • Number Dryers: 2
  • Number Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 4

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.12
  • Zoning: res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 37800

Tax Info

  • Net Taxes: 9804
  • Tax Year: 2019
  • Assessor Parcel Number: 0709-131-1423-0

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 1
  • Number Of Efficiencies: 1
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2021
Closed on
Mar 1, 2021
Sold by
Thao Investments Llc
Bought by
Yue Christophr and Burdett Beau
Seller's Agent
Team GRA
Century 21 Affiliated
Buyer's Agent
Seth Pfaehler
The McGrady Group, LLC
List Price
$425,000
Sold Price
$425,000
Current Estimated Value
$580,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,000
Avg. Annual Appreciation
6.66%
Original Mortgage
$318,750
Outstanding Balance
$285,737
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$294,263

Purchase Details

Listed on
Jun 1, 2017
Closed on
Aug 10, 2017
Sold by
Land Dian Jeanett and Hoke Christina A
Bought by
Thao Investments Llc
Seller's Agent
Peggy Adams
Progressive Property Management
Buyer's Agent
Gail Rutkowski
Century 21 Affiliated
List Price
$389,900
Sold Price
$375,000
Premium/Discount to List
-$14,900
-3.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%

Purchase Details

Closed on
Apr 3, 2008
Sold by
Sundby Scott A
Bought by
Land Dian Jeanette and Hoke Christina A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
6.1%
Mortgage Type
Commercial
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
Yue Christophr $425,000 None Available
Thao Investments Llc -- None Available
Land Dian Jeanette $245,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yue Christophr $318,750
Previous Owner Land Dian Jeanette $183,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2021 03/01/21 Sold $425,000 0.0% $157 / Sq Ft
01/23/2021 01/23/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $425,000 +13.3% $157 / Sq Ft
08/11/2017 08/11/17 Sold $375,000 -3.8% $137 / Sq Ft View Prior Sale
07/08/2017 07/08/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $389,900 -- $143 / 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 $16,906 $482,200 $104,800 $377,400
2023 $8,150 $450,700 $104,800 $345,900
2021 $9,051 $425,000 $99,800 $325,200
2020 $10,556 $413,500 $93,300 $320,200
2019 $9,804 $393,800 $84,800 $309,000
2018 $8,367 $375,000 $81,500 $293,500
2017 $6,738 $292,200 $81,500 $210,700
2016 $7,012 $278,300 $75,500 $202,800
2015 $6,338 $252,400 $64,700 $187,700
2014 $6,037 $252,400 $64,700 $187,700
2013 $5,568 $245,000 $62,200 $182,800
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Team GRA

    Century 21 Affiliated

    (608) 825-7552

    1 in this area

    115 Total Sales

    Team GRA
    Section Image
  • Seth Pfaehler

    Buyer's Agent in 2021

    Seth Pfaehler

    The McGrady Group, LLC

    (608) 338-4812

    9 in this area

    445 Total Sales

    Seth Pfaehler
    Section Image
  • Peggy Adams

    Seller's Agent in 2017

    Peggy Adams

    Progressive Property Management

    (608) 206-2106

    30 Total Sales

    Peggy Adams
    Section Image

  • D

    Seller Co-Listing Agent in 2017

    Darcy Haber

    Solidarity Realty, LLC

    Section Image
  • Gail Rutkowski

    Buyer's Agent in 2017

    Gail Rutkowski

    Century 21 Affiliated

    (608) 345-8737

    1 Total Sale

    Gail Rutkowski
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1901004

South Central Wisconsin Multiple Listing Service

APN: 0709-131-1423-0

Wisconsin Dane County Madison 53703 Tenney-Lapham

1027 E Johnson St, Madison, WI

Not Listed for Sale

MultiFamily

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