NOT LISTED FOR SALE

1111 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $438,000 - $616,000

5 Beds
3 Baths
2,748 Sq Ft
$200/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $360,500 $131 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,157/month

7 Days on Market

Highlights

  • Vaulted Ceiling
  • Eat-In Kitchen
  • Dining Room
  • Wood Flooring
  • Forced Air Heating System
  • 5-minute walk to Giddings Park

About This Home

As of December 2020

Three story 2-unit with separate utilities, tenants pay own heat and electric. First Floor: charming one bedroom with hardwood floors, pocket doors, eat-in kitchen, living room and parlor. Potential to make it your own. Second & Third Floors: are combined into a very spacious 4 bedroom apartment with 2 full baths and a huge rear, screened-in porch. Currently Apt # 2 is leased to only 2 residents. Potential in future to rent to 4 x $ 550-600/mo for $2,200 to $2,400/mo. rent. This unit includes 3 parking spaces. Need to wear masks for showings.

Last Agent to Sell the Property

Jeff Meyer

Meyer Realty & Management Inc License #26011-90 Listed on: 05/01/2020

Last Buyer's Agent

Katie Schmitz

The Hub Realty License #58120-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,607

Year Built

  • Built in 1904

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

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

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • 5 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Controls for Heating

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-131-1108-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,607

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: 3 story
  • Year Built: 1904
  • 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
  • Parking Stalls Outside: 5

Utilities

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

Rental Info

  • Total Income: 29400

Tax Info

  • Net Taxes: 6607
  • Tax Year: 2019
  • Assessor Parcel Number: 0709-131-1108-8

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 2

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Dec 29, 2020
Sold by
Mahon Brendan F
Bought by
Katz Andrew
Seller's Agent
Jeff Meyer
Meyer Realty & Management Inc
Buyer's Agent
Katie Schmitz
The Hub Realty
List Price
$385,000
Sold Price
$360,500
Premium/Discount to List
-$24,500
-6.36%
Current Estimated Value
$550,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,076
Avg. Annual Appreciation
8.88%
Original Mortgage
$288,400
Outstanding Balance
$257,353
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$293,223

Purchase Details

Closed on
Jan 6, 2016
Sold by
Thompson Owen
Bought by
Mahon Brendan F

Purchase Details

Closed on
Jan 10, 2008
Sold by
Sundby Scott A
Bought by
Mahon Brendan F and Schmidt Ann L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,120
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
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
Katz Andrew $360,500 Knight Barry Title
Mahon Brendan F $46,008 None Available
Mahon Brendan F $216,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Katz Andrew $288,400
Previous Owner Mahon Brendan F $173,120
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/01/2021 01/01/21 Off Market $360,500 -- --
12/31/2020 12/31/20 Sold $360,500 -6.4% $131 / Sq Ft
09/01/2020 09/01/20 For Sale $385,000 0.0% $140 / Sq Ft
09/01/2020 09/01/20 Price Changed $385,000 +6.8% $140 / Sq Ft
09/01/2020 09/01/20 Off Market $360,500 -- --
06/01/2020 06/01/20 For Sale $395,000 0.0% $144 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
05/01/2020 05/01/20 For Sale $395,000 -- $144 / 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 $15,259 $435,700 $94,000 $341,700
2023 $7,355 $407,200 $94,000 $313,200
2021 $7,632 $359,000 $87,000 $272,000
2020 $7,101 $314,300 $81,300 $233,000
2019 $6,607 $291,000 $73,900 $217,100
2018 $6,289 $277,100 $71,100 $206,000
2017 $5,927 $251,900 $71,100 $180,800
2016 $5,410 $229,000 $65,800 $163,200
2015 $5,152 $216,000 $56,400 $159,600
2014 $5,155 $216,000 $56,400 $159,600
2013 $4,974 $207,700 $54,200 $153,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jeff Meyer

    Meyer Realty & Management Inc

    (608) 219-2436

    1 in this area

    15 Total Sales

    Jeff Meyer
    Section Image
  • Katie Schmitz

    Buyer's Agent in 2020

    Katie Schmitz

    The Hub Realty

    (608) 556-4400

    3 in this area

    84 Total Sales

    Katie Schmitz
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1882671

South Central Wisconsin Multiple Listing Service

APN: 0709-131-1108-8

Wisconsin Dane County Madison 53703 Tenney-Lapham

1111 E Gorham St, Madison, WI

Not Listed for Sale

MultiFamily

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