NOT LISTED FOR SALE

1049 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $662,563 - $789,000

5 Beds
2 Baths
2,600 Sq Ft
$277/Sq Ft Est. Value

Last Sold May 03, 2021

Last sale price $550,000 $212 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,517/month

5 Days on Market

Highlights

  • Balcony
  • Dining Room
  • 4-minute walk to Giddings Park

About This Home

As of May 2021

no show til Friday 3/19. On the Isthmus nestled between lakes Monona and Mendota you will find this well maintained 2 unit (1 up, 1 down) home. This is a great opportunity to add to your investment portfolio or owner occupy and collect rent from the other flat. The location is walking distance to Tenny Park, Olbrich Botanical Gardens and Park, James Madison Park, Downtown amenities and Campus. This property comes with two off-street parking stalls (tandem style). Spacious attic for potential expansion. Come view this beautiful property before it's too late! www.MadisonAreaHomesForSale.com

Last Agent to Sell the Property

Amber Huemmer

LPT Realty License #58597-90 Listed on: 03/12/2021

LPT Realty

Last Buyer's Agent

Justin May

Realty Executives Cooper Spransy License #90597-94

Realty Executives Cooper Spransy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,567

Year Built

  • Built in 1902

Lot Details

  • 4,792

Home Design

  • Duplex

Interior Spaces

  • Dining Room
  • Basement Fills Entire Space Under The House
  • Oven or Range

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters

Additional Features

  • Balcony
  • 4,792 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-131-1318-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,567

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Items Excluded: All window air conditioners. all seller's and tenants personal property
  • Items Included: 2 refrigerators, 2 dishwashers, 2 microwaves, 2 water heaters, 2 boilers, 1 clothes washer (basement), 1 clothes dryer (basement), 1 water softener , 2 stoves.
  • Year Built: 1902
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces
  • 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: 0.11
  • Zoning: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 38700

Tax Info

  • Net Taxes: 8567
  • Tax Year: 2019
  • Assessor Parcel Number: 0709-131-1318-3

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
Mar 12, 2021
Closed on
Apr 30, 2021
Sold by
Eat-1609 Llc
Bought by
Swan Family Trust
Seller's Agent
Amber Huemmer
LPT Realty
Buyer's Agent
Justin May
Realty Executives Cooper Spransy
List Price
$539,000
Sold Price
$550,000
Premium/Discount to List
$11,000
2.04%
Current Estimated Value
$720,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,141
Avg. Annual Appreciation
5.97%
Original Mortgage
$412,500
Outstanding Balance
$373,828
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$346,313

Purchase Details

Closed on
Aug 15, 2016
Sold by
Schmldlkofer Gerald W
Bought by
Eat 1609 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
Swan Family Trust $550,000 Knight Barry Title
Eat 1609 Llc $365,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swan Family Trust $412,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2021 05/03/21 Sold $550,000 +2.0% $212 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $539,000 -2.0% $207 / Sq Ft
03/12/2021 03/12/21 Off Market $550,000 -- --
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 $20,931 $595,900 $100,200 $495,700
2023 $10,091 $556,900 $100,200 $456,700
2021 $9,526 $447,100 $92,800 $354,300
2020 $9,223 $414,000 $86,700 $327,300
2019 $8,567 $383,300 $78,800 $304,500
2018 $8,142 $365,000 $75,800 $289,200
2017 $8,436 $365,000 $75,800 $289,200
2016 $6,544 $276,300 $70,200 $206,100
2015 $6,234 $260,700 $60,200 $200,500
2014 $6,238 $260,700 $60,200 $200,500
2013 $5,699 $250,700 $57,900 $192,800
Source: Public Records

Agents Affiliated with this Home

  • Amber Huemmer

    Seller's Agent in 2021

    Amber Huemmer

    LPT Realty

    (608) 279-5424

    1 in this area

    527 Total Sales

    Amber Huemmer
    Section Image
  • Justin May

    Buyer's Agent in 2021

    Justin May

    Realty Executives

    (608) 215-9195

    2 in this area

    49 Total Sales

    Justin May
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1903911

South Central Wisconsin Multiple Listing Service

APN: 0709-131-1318-3

Wisconsin Dane County Madison 53703 Tenney-Lapham

1049 E Gorham St, Madison, WI

Not Listed for Sale

MultiFamily

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