NOT LISTED FOR SALE

1034 High St Madison, WI 53715

Bay Creek Neighborhood

Estimated Value: $593,000 - $825,000

4 Beds
4 Baths
2,162 Sq Ft
$337/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $487,000 $225 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,515/month

10 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Eat-In Kitchen
  • Hamilton Middle School Rated A
  • Detached Garage
  • Accessible Bedroom

About This Home

As of April 2018

Showings start 4/5 Fantastic 4-unit. Great rental history. Located in a highly sought after area near Wingra Creek Bike Path, ZOO, and St Marys. Renovations complete, rents have been increased for 2018 and there is still meat on the bones for the future buyer to increase further in 2019. All mechanicals are updated. Low maintenance costs. Parking for all 4 units-large 2 car garage and 2 surface stalls. Opportunity abounds on the Fish Hatch/Park St revitalization corridor and strong recent area rent increases. Perfect for owner occupied, buy/hold, and long term development.

Last Agent to Sell the Property

Matt McGrady

The McGrady Group, LLC License #53795-90 Listed on: 03/22/2018

Last Buyer's Agent

Lindsay Gallagher

Elevate Estates License #57099-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,582

Year Built

  • Built in 1958

Lot Details

  • 7,841 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher
  • ENERGY STAR Qualified Appliances

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Parking

  • Detached Garage
  • Garage Door Opener
  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Outdoor Storage
  • Property is near bus stop

Community Details

  • 4 Units
  • Laundry Facilities
  • Net Operating Income $20,146

Listing and Financial Details

  • Assessor Parcel Number 0709-262-1401-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,582

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story
  • Barrier Free: First floor bedroom, First floor full bath, Level drive, Level lot
  • Items Excluded: Tenants personal property
  • Items Included: Per Offer to Purchase but building will include all applliances, a/c units, water softener, washer/dryer
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partially finished, Poured concrete foundatn
  • Number Dish Washers: 3
  • Number Dryers: 1
  • Number Units W Ac: 2
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 2
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Detached, 2 spaces, Outside, Opener inc
  • Utilities: Separate elec meters

Fee Information

  • Total Expenses: 13351

Schools

  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.18
  • Zoning: TR-V1
  • Geo Subdivision: WI

Green Features

  • Energy Efficient Green: Energy Star Appliance(s)

Rental Info

  • Total Income: 33497

Tax Info

  • Net Taxes: 7582
  • Tax Year: 2017
  • Assessor Parcel Number: 0709-262-1401-9

Multi Family

  • Number Of1 Bedrooms: 4
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2018
Closed on
Apr 30, 2018
Sold by
High End Properties Llc
Bought by
Wire Investments Ii Llc
Seller's Agent
Matt McGrady
The McGrady Group, LLC
Buyer's Agent
Lindsay Gallagher
Elevate Estates
List Price
$515,000
Sold Price
$487,000
Premium/Discount to List
-$28,000
-5.44%
Current Estimated Value
$727,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,800
Avg. Annual Appreciation
5.33%

Purchase Details

Closed on
Feb 28, 2017
Sold by
Faust Joanne K and Faust Joseph E
Bought by
High End Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,875
Interest Rate
4.19%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 30, 2005
Sold by
Beer Delberta L
Bought by
Faust Joanne K and Faust Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
5.75%
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
Wire Investments Ii Llc $487,000 --
High End Properties Llc $362,500 None Available
Faust Joanne K $292,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner High End Properties Llc $271,875
Previous Owner Faust Joanne K $146,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2018 04/30/18 Sold $487,000 -5.4% $225 / Sq Ft
04/16/2018 04/16/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $515,000 +5.7% $238 / Sq Ft
03/22/2018 03/22/18 Off Market $487,000 -- --
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
2023 $9,508 $525,000 $129,000 $396,000
2022 $20,042 $510,000 $117,000 $393,000
2021 $10,879 $510,000 $106,000 $404,000
2020 $11,379 $510,000 $106,000 $404,000
2019 $10,906 $487,000 $106,100 $380,900
2018 $8,086 $362,500 $106,100 $256,400
2017 $7,582 $328,400 $106,100 $222,300
2016 $7,073 $298,400 $96,100 $202,300
2015 $6,803 $270,700 $88,000 $182,700
2014 $6,480 $270,700 $88,000 $182,700
2013 $5,978 $262,800 $82,200 $180,600
Source: Public Records

Agents Affiliated with this Home

  • Matt McGrady

    Seller's Agent in 2018

    Matt McGrady

    The McGrady Group, LLC

    (608) 772-3640

    2 in this area

    348 Total Sales

    Matt McGrady
    Section Image
  • Lindsay Gallagher

    Buyer's Agent in 2018

    Lindsay Gallagher

    Elevate Estates

    (608) 513-2628

    40 Total Sales

    Lindsay Gallagher
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1825458

South Central Wisconsin Multiple Listing Service

APN: 0709-262-1401-9

Wisconsin Dane County Madison 53715 Bay Creek

1034 High St, Madison, WI

Not Listed for Sale

MultiFamily

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