$470,000
SOLD FEB 14, 2025

107 N Franklin St Madison, WI 53703

Downtown Madison Neighborhood
-- Bed
-- Bath
2,320 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

10% Below List Price

42 Days on Market

Highlights

  • Balcony
  • Dining Room
  • 3-minute walk to James Madison Park
  • Forced Air Heating System
  • Family Room

About This Home

As of February 2025

Downtown 2 flat located just 5 blocks from the Capitol near the intersection of N. Franklin St. and E. Mifflin St. Unit #1 is 1,340 sq.ft. with 3 bedrooms,. 1 full bath and leased out at $1,775/mo through 8/14/25 and then at $1,895/mo through 8/14/26. Unit #2 is 1,080 sq.ft with 2 bedrooms , 1 full bath and leased out at $1,760/mo through 8/14/2025. Parking available onsite with the adjacent driveway which is part of this property. Great location and easy to rent.

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 11/11/2024

Co-Listed By

Tony Xiong

Madison Property Management, Inc. License #69875-94

Last Buyer's Agent

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 11/11/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,936

Year Built

  • Built in 1904

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

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

Parking

  • 1 Open Parking Space
  • On-Street Parking
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters

Additional Features

  • Balcony
  • 2,614 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-133-1429-4

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,936

Year Built

Built in 1904

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: leased washers/dryers & tenants personal property
  • Items Included: 2 stoves, 2 fridges, 2 water heaters, 1 furnace
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Water Heaters: 2

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 1

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.06
  • Zoning: PD

Rental Info

  • Total Income: 42900

Tax Info

  • Land Assessment: 107100
  • Improvements: 245600
  • Total Assessment: 352700
  • Assessment year: 2024
  • Net Taxes: 5936
  • Tax Year: 2023
  • Assessor Parcel Number: 0709-133-1429-4

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
Nov 11, 2024
Closed on
Feb 14, 2025
Sold by
Gorham Apartments Llc
Bought by
Yu Xiaochun and Luo Xiaoping
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
James Stopple
Madison Property Management, Inc.
List Price
$519,840
Sold Price
$470,000
Premium/Discount to List
-$49,840
-9.59%
Total Days on Market
42
Views
93
Current Estimated Value
$479,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,333
Avg. Annual Appreciation
7.02%
Original Mortgage
$352,500
Outstanding Balance
$351,912
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$127,421

Purchase Details

Closed on
Oct 14, 2014
Sold by
Matty Michael
Bought by
Gorham Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,825,000
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2008
Sold by
Renaissance Property Group Llc
Bought by
Renaissance Property Group Llc

Purchase Details

Closed on
Apr 4, 2008
Sold by
103/105 N Franklin Llc
Bought by
Renaissance Property Group Llc

Purchase Details

Closed on
Oct 31, 2007
Sold by
Sundby Scott Allen
Bought by
Renaissance Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $470,000 None Listed On Document
Warranty Deed -- None Available
Warranty Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $265,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $352,500 New Conventional
Previous Owner $3,825,000 Purchase Money Mortgage
Previous Owner $1,235,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $248,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2025 02/14/25 Sold $470,000 -9.6% $203 / Sq Ft
11/11/2024 11/11/24 For Sale $519,840 -- $224 / 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 $12,321 $352,700 $107,100 $245,600
2023 $5,936 $329,600 $107,100 $222,500
2021 $5,620 $265,400 $99,200 $166,200
2020 $5,441 $245,700 $96,300 $149,400
2019 $5,463 $245,700 $63,300 $182,400
2018 $5,192 $234,000 $63,300 $170,700
2017 $5,380 $234,000 $63,300 $170,700
2016 $5,263 $222,900 $57,500 $165,400
2015 $5,319 $212,300 $57,500 $154,800
2014 $5,066 $212,300 $57,500 $154,800
2013 $5,565 $204,100 $54,200 $149,900
Source: Public Records

Agents Affiliated with this Home

  • James Stopple

    Seller's Agent in 2025

    James Stopple

    Madison Property Management, Inc.

    (608) 516-8272

    7 in this area

    89 Total Sales

    James Stopple
    Section Image
  • Tony Xiong

    Seller Co-Listing Agent in 2025

    Tony Xiong

    Madison Property Management, Inc.

    (608) 347-7842

    7 in this area

    59 Total Sales

    Tony Xiong
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1989318

South Central Wisconsin Multiple Listing Service

APN: 0709-133-1429-4

Wisconsin Dane County Madison 53703 Downtown Madison

107 N Franklin St, Madison, WI

This home is located at 107 N Franklin St, Madison, WI 53703 and is currently priced at $470,000, approximately $202 per square foot. This property was built in 1904. 107 N Franklin St is a home located in Dane County with nearby schools including Lapham Elementary School, O'Keeffe Middle, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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