NOT LISTED FOR SALE

1046 E Gorham St Unit 2 Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $614,000 - $649,000

5 Beds
2 Baths
2,565 Sq Ft
$249/Sq Ft Est. Value

Last Sold September 25, 2015

Last sale price $260,000 $101 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $4,855/month

5 Days on Market

Highlights

  • Property is near a bus stop
  • Dining Room
  • 4-minute walk to Giddings Park
  • Forced Air Heating System

About This Home

As of September 2015

Tenney/Lapham two flat boasts original maple floors, high ceilings, updated kitchens, low maintenance siding & great floor plans in great rental neighborhood w/stable to upward trending rental prices! The first floor has two bdrms, living room, formal dining & spacious bdrms. 2nd flr flat offers 3 bdrms, living rm & covered balcony. Off street parking for 2 plus cars! Property has some deferred maintenance & is priced accordingly, great for the investor who wants to increase value & rents w/a little work! Visit www.lizlauer.com for more info and pics or call Liz Lauer today for your tour! 608-444-5725

Last Agent to Sell the Property

Liz Lauer

Lauer Realty Group, Inc. License #56139-90 Listed on: 07/17/2015

Last Buyer's Agent

Kyle Ebley

Realty Executives Cooper Spransy License #76865-94

Realty Executives Cooper Spransy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,666

Year Built

  • Built in 1899

Lot Details

  • 3,920

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Oven or Range

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters

Additional Features

  • 3,920 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Tenney/Lapham Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0709-132-0226-7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,666

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story
  • Miscellaneous: Close to bus line
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full

Exterior Features

  • Exterior: Vinyl

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: 0.09
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 28230

Tax Info

  • Net Taxes: 5666
  • Tax Year: 2014
  • Assessor Parcel Number: 0709-132-0226-7

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2015
Closed on
Aug 14, 2015
Sold by
Jdc Llc
Bought by
Gibbs Adam
Seller's Agent
Liz Lauer
Lauer Realty Group, Inc.
Buyer's Agent
Kyle Ebley
Realty Executives Cooper Spransy
List Price
$249,900
Sold Price
$260,000
Premium/Discount to List
$10,100
4.04%
Current Estimated Value
$638,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$378,631
Avg. Annual Appreciation
9.16%
Original Mortgage
$255,290
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 9, 2011
Sold by
Dcosta Joseph C
Bought by
Jdc Llc
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
Gibbs Adam $260,000 Attorney
Jdc Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibbs Adam $255,290
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2015 09/25/15 Sold $260,000 +4.0% $101 / Sq Ft
07/22/2015 07/22/15 Pending -- -- --
07/17/2015 07/17/15 For Sale $249,900 -- $97 / 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 $18,100 $467,500 $97,800 $369,700
2023 $8,727 $436,900 $97,800 $339,100
2021 $8,669 $385,200 $90,600 $294,600
2020 $7,742 $356,700 $84,700 $272,000
2019 $7,153 $330,300 $77,000 $253,300
2018 $6,819 $314,600 $74,000 $240,600
2017 $6,668 $286,000 $74,000 $212,000
2016 $6,153 $260,000 $68,500 $191,500
2015 $5,663 $237,100 $58,700 $178,400
2014 $5,666 $237,100 $58,700 $178,400
2013 $5,076 $228,000 $56,400 $171,600
Source: Public Records

Agents Affiliated with this Home

  • Liz Lauer

    Seller's Agent in 2015

    Liz Lauer

    Lauer Realty Group, Inc.

    (608) 444-5725

    18 in this area

    453 Total Sales

    Liz Lauer
    Section Image
  • Kyle Ebley

    Buyer's Agent in 2015

    Kyle Ebley

    Realty Executives

    (608) 572-2084

    155 Total Sales

    Kyle Ebley
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1752742

South Central Wisconsin Multiple Listing Service

APN: 0709-132-0226-7

Wisconsin Dane County Madison 53703 Tenney-Lapham

1046 E Gorham St Unit 2, Madison, WI

Not Listed for Sale

MultiFamily

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