NOT LISTED FOR SALE

1047 E Johnson St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $640,800 - $705,000

8 Beds
4 Baths
3,200 Sq Ft
$207/Sq Ft Est. Value

Last Sold June 16, 2022

Last sale price $550,000 $172 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $4,139/month

16 Days on Market

Highlights

  • Wood Flooring
  • Dining Room
  • Family Room
  • Eat-In Kitchen
  • Heating System Uses Steam
  • Level Lot

About This Home

As of June 2022

Stucco 4 unit on E. Johnson St. between N. Brearly and N. Ingersoll St., convenient location to bus, shopping, library, bike trail. All units are 2 bedrooms 1 bath. Off street parking and one storage locker included. Rents appear to be low with many longer term tenants. Units vary in condition and will need updating. Great value add opportunity for an investor or owner occupant.

Last Agent to Sell the Property

Andrew Stebnitz

Restaino & Associates License #56513-90 Listed on: 05/07/2022

Restaino & Associates

Last Buyer's Agent

Ruth Wangerin

EXP Realty, LLC License #57198-90

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,847

Year Built

  • Built in 1925

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

  • Poured Concrete
  • Wood Siding
  • Stucco Exterior

Interior Spaces

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

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • 4 Open Parking Spaces
  • Driveway Level
  • Outside Parking

Schools

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

Utilities

  • Heating System Uses Steam
  • Separate Meters
  • Individual Controls for Heating

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-131-1419-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,847

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Barrier Free: Level drive, Level lot
  • Items Included: 4 Refrigerators, 4 Range/Ovens
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood, Stucco

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 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: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 47220

Tax Info

  • Net Taxes: 9847
  • Tax Year: 2021
  • Assessor Parcel Number: 0709-131-1419-9

Multi Family

  • Number Of2 Bedrooms: 4
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2022
Closed on
Jun 15, 2022
Sold by
Sprague Mary A
Bought by
Balazs Cheryl I and Balazs Nicholas J
Seller's Agent
Andrew Stebnitz
Restaino & Associates
Buyer's Agent
Ruth Wangerin
EXP Realty, LLC
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$663,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,450
Avg. Annual Appreciation
5.44%
Original Mortgage
$412,500
Outstanding Balance
$392,495
Interest Rate
5.27%
Mortgage Type
Balloon
Estimated Equity
$270,955

Purchase Details

Closed on
May 10, 2019
Sold by
Sprague John L and Sprague Mary A
Bought by
Sprague Caryl 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
Balazs Cheryl I $550,000 Greller Jason
Sprague Caryl A -- None Available
Sprague Caryl A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balazs Cheryl I $412,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2022 06/16/22 Sold $550,000 0.0% $172 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/07/2022 05/07/22 For Sale $550,000 -- $172 / 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 $20,368 $580,000 $95,000 $485,000
2023 $10,910 $550,000 $86,000 $464,000
2021 $10,213 $462,000 $71,000 $391,000
2020 $9,716 $419,200 $70,100 $349,100
2019 $9,313 $399,200 $70,100 $329,100
2018 $8,882 $380,200 $70,100 $310,100
2017 $9,199 $380,200 $70,100 $310,100
2016 $9,021 $362,200 $64,100 $298,100
2015 $8,280 $329,200 $64,100 $265,100
2014 $7,898 $329,200 $64,100 $265,100
2013 $7,277 $319,200 $64,100 $255,100
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Andrew Stebnitz

    Restaino & Associates

    Section Image
  • Ruth Wangerin

    Buyer's Agent in 2022

    Ruth Wangerin

    EXP Realty, LLC

    (608) 444-5360

    2 in this area

    65 Total Sales

    Ruth Wangerin
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1933914

South Central Wisconsin Multiple Listing Service

APN: 0709-131-1419-9

Wisconsin Dane County Madison 53703 Tenney-Lapham

1047 E Johnson St, Madison, WI

Not Listed for Sale

MultiFamily

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