NOT LISTED FOR SALE

1029 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $456,000 - $691,201

3 Beds
2 Baths
2,208 Sq Ft
$242/Sq Ft Est. Value

Last Sold April 18, 2024

Last sale price $550,000 $249 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,666/month

4 Days on Market

Highlights

  • Wood Flooring
  • Bathroom on Main Level
  • Forced Air Heating and Cooling System
  • Balcony
  • Property is near bus stop
  • 3-minute walk to Giddings Park

About This Home

As of April 2024

Centrally located two-unit investment property with each unit as a separate 2 story home! Just minutes from the Capitol, Breese Stevens Field, Lake Mendota, & everything the Madison isthmus has to offer! A spacious driveway and parking lot has room for 3 parking spots. Enjoy the combination of the charm & character of a 1900's home but with the benefits of newer updates! Lovely open kitchens with butcher block counters, spacious finished attic space with skylights, and hardwood floors throughout. Unit 1029 has 3 bedrooms, 2 full bathrooms, a finished 3rd floor living area. Unit 1029.5 has 3 bedrooms, 1 full bathroom. Measurements approximate - buyer to verify if important. Property is part of a condo association with the two units consisting of the entire association..

Last Agent to Sell the Property

Anna Amineva

Homestead Realty License #85611-94 Listed on: 03/15/2024

Homestead Realty

Co-Listed By

Jose Tejeda

Homestead Realty License #96860-94

Last Buyer's Agent

Matt Winzenried

Realty Executives Cooper Spransy

Realty Executives Cooper Spransy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,964

Year Built

  • Built in 1903

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Bathroom on Main Level
  • 2-Story Property
  • Dining Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Parking

  • 3 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

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

Additional Features

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

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-131-2901-5
  • $10,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,964

Year Built

Built in 1903

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 houses on 1 lot
  • Miscellaneous: Close to bus line
  • Year Built: 1903
  • Reso Accessibility Features: First floor full bath, Low pile or no carpeting
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partial
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number Units W Ac: 2
  • Number Washers: 2

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 3

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters

Schools

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

Lot Info

  • Zoning: RES
  • Geo Subdivision: WI

Rental Info

  • Total Income: 46200

Tax Info

  • Net Taxes: 4964
  • Tax Year: 2022
  • Assessor Parcel Number: 0709-131-2901-5

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2024
Closed on
Apr 18, 2024
Sold by
Grochowski Hannah and Rebollar Jose
Bought by
Chancellor John
Seller's Agent
Anna Amineva
Homestead Realty
Buyer's Agent
Matt Winzenried
Realty Executives Cooper Spransy
List Price
$529,900
Sold Price
$550,000
Premium/Discount to List
$20,100
3.79%
Views
45
Current Estimated Value
$533,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,200
Avg. Annual Appreciation
-1.67%
Original Mortgage
$1,515,410
Outstanding Balance
$1,489,275
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
-$955,475

Purchase Details

Closed on
Jun 10, 2022
Sold by
Schopen Llc
Bought by
Grochowski Hannah and Rebollar Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2014
Sold by
Schopen Robert F and Schopen Barbara A
Bought by
Schopen Llc

Purchase Details

Closed on
Aug 14, 2014
Sold by
Schopen Llc
Bought by
Schopen Robert F and Schopen Barbara A
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
Chancellor John $550,000 None Listed On Document
Grochowski Hannah $425,000 --
Schopen Llc -- None Available
Schopen Robert F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chancellor John $1,515,410
Previous Owner Grochowski Hannah $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2024 04/18/24 Sold $550,000 +3.8% $249 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $529,900 -- $240 / 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
2024 $10,660 $305,800 $43,800 $262,000
2023 $4,569 $254,800 $43,800 $211,000
2022 $9,928 $254,800 $43,800 $211,000
2021 $5,204 $231,600 $43,800 $187,800
2020 $5,425 $231,600 $26,700 $204,900
2019 $5,145 $231,600 $26,700 $204,900
2018 $5,109 $222,700 $26,700 $196,000
2017 $4,400 $192,000 $26,700 $165,300
2016 $4,630 $192,000 $26,700 $165,300
2015 $4,571 $192,000 $26,700 $165,300
2014 $4,574 $192,000 $26,700 $165,300
2013 $4,480 $192,000 $26,700 $165,300
Source: Public Records

Agents Affiliated with this Home

  • Anna Amineva

    Seller's Agent in 2024

    Anna Amineva

    Homestead Realty

    (608) 698-7629

    1 in this area

    42 Total Sales

    Anna Amineva
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Jose Tejeda

    Homestead Realty

    Section Image
  • Matt Winzenried

    Buyer's Agent in 2024

    Matt Winzenried

    Realty Executives

    (608) 358-4396

    3 in this area

    666 Total Sales

    Matt Winzenried
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1972992

South Central Wisconsin Multiple Listing Service

APN: 0709-131-2901-5

Wisconsin Dane County Madison 53703 Tenney-Lapham

1029 E Gorham St, Madison, WI

Not Listed for Sale

MultiFamily

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