NOT LISTED FOR SALE

Estimated Value: $382,000 - $490,000

4 Beds
4 Baths
1,500 Sq Ft
$291/Sq Ft Est. Value

Last Sold August 09, 2019

Last sale price $276,000 $184 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,018/month

5 Days on Market

Highlights

  • Eat-In Kitchen
  • 1-Story Property
  • Forced Air Heating System
  • West High School Rated A
  • Property is near a bus stop
  • Laundry Facilities

About This Home

As of August 2019

Delayed for photos until 7/25/19.Great opportunity to add a well kept 4 unit to your investment/asset portfolio. This apartment building is minutes from downtown Madison and just off of Fish Hatchery Rd. Each unit has 1 bedroom/1 bath. 2 garages rent for $100/mo and $35/month. Seller may participate in a 1031 Starker exchange as part of the transaction.Property being sold as is, Seller will not make any repairs or concessions related to inspection report.

Last Agent to Sell the Property

Dasha Shy

South Central Non-Member License #48572-94 Listed on: 07/20/2019

Last Buyer's Agent

SCWMLS Non-Member

South Central Non-Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,428

Year Built

  • Built in 1960

Lot Details

  • 0.28

Interior Spaces

  • 1-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • 4 Open Parking Spaces
  • Outside Parking

Schools

  • Midvale/Lincoln Elementary School
  • Cherokee Heights Middle School
  • Memorial High School

Additional Features

  • 0.28 Acre Lot
  • Property is near a bus stop
  • Forced Air Heating System

Community Details

  • 4 Units
  • Laundry Facilities
  • Net Operating Income $13,955

Listing and Financial Details

  • Assessor Parcel Number 0709-353-2001-7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,428

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 1 story
  • Miscellaneous: Shared laundry, Close to bus line
  • Noi Year: 2018
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Furnaces: 2
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 4

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, 2 stall garage, Detached, 2 spaces, Outside

Fee Information

  • Total Expenses: 23286

Schools

  • School District: Madison
  • Elementary School: Midvale/Lincoln
  • Middle School: Cherokee Heights
  • High School: Memorial
  • Elementary School: Midvale/Lincoln
  • High School: Memorial
  • Middle School: Cherokee Heights
  • School District: Madison

Lot Info

  • Estimated Aces: 0.28
  • Zoning: R4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 37241

Tax Info

  • Land Assessment: 69500
  • Improvements: 147000
  • Total Assessment: 216500
  • Assessment year: 2018
  • Net Taxes: 5428
  • Tax Year: 2018
  • Assessor Parcel Number: 0709-353-2001-7

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2022
Sold by
Jek Badger Llc
Bought by
Jek Re Acquisitions Llc
Total Days on Market
5
Current Estimated Value
$436,000

Purchase Details

Listed on
Oct 4, 2012
Closed on
Oct 28, 2013
Sold by
T S R 2012 Charitable Trust
Bought by
Iftikar Syed H and Iftikar Ellen S
Seller's Agent
Gerardo Jimenez
Sprinkman Real Estate
Buyer's Agent
Dasha Shy
South Central Non-Member
List Price
$239,900
Sold Price
$192,900
Premium/Discount to List
-$47,000
-19.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.25%
Original Mortgage
$117,900
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 15, 2012
Sold by
Ripple Thomas D
Bought by
T S R 2012 Charitable Trust
Source: Public Records

Range of Values:

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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
Jek Re Acquisitions Llc $275,000 --
Iftikar Syed H $192,900 First American Title
T S R 2012 Charitable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jek Badger Llc $207,000
Previous Owner Iftikar Syed H $117,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2019 08/09/19 Sold $276,000 -2.8% $184 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
07/25/2019 07/25/19 For Sale $284,000 +2.9% $189 / Sq Ft
07/23/2019 07/23/19 Off Market $276,000 -- --
07/20/2019 07/20/19 For Sale $284,000 +47.2% $189 / Sq Ft
10/28/2013 10/28/13 Sold $192,900 -19.6% $102 / Sq Ft
09/20/2013 09/20/13 Pending -- -- --
10/04/2012 10/04/12 For Sale $239,900 -- $126 / 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
2023 $6,949 $385,000 $75,000 $310,000
2021 $5,670 $276,000 $69,500 $206,500
2020 $6,225 $276,000 $69,500 $206,500
2019 $4,971 $216,500 $69,500 $147,000
2018 $5,428 $216,500 $69,500 $147,000
2017 $5,381 $216,500 $69,500 $147,000
2016 $5,240 $192,500 $69,500 $123,000
2015 $5,513 $192,500 $69,500 $123,000
2014 $5,382 $192,500 $69,500 $123,000
2013 $4,319 $148,500 $69,500 $79,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1863904

South Central Wisconsin Multiple Listing Service

APN: 0709-353-2001-7