NOT LISTED FOR SALE

1111 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $503,000 - $598,000

5 Beds
3 Baths
2,748 Sq Ft
$202/Sq Ft Est. Value

Sale Details

Date Sold: December 31, 2020

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

Est. 54% increase in value since last sale

Current estimated payment $3,726 / mo

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

3,920 Sq Ft Lot

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

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Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Dec 29, 2020
Sold by
Bought by
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
$555,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,126
Avg. Annual Appreciation
8.21%
Original Mortgage
$288,400
Outstanding Balance
$253,789
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$301,837

Purchase Details

Closed on
Jan 6, 2016
Sold by
Bought by

Purchase Details

Closed on
Jan 10, 2008
Sold by
Bought by

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$360,500 Knight Barry Title
$46,008 None Available
$216,400 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $288,400
Previous Owner $173,120
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $8,769 $474,900 $94,000 $380,900
2024 $15,259 $435,700 $94,000 $341,700
2023 $7,355 $407,200 $94,000 $313,200
2022 $14,771 $377,000 $87,000 $290,000
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

    13 Total Sales

    Jeff Meyer
    Section Image
  • Katie Schmitz

    Buyer's Agent in 2020

    Katie Schmitz

    The Hub Realty

    (608) 556-4400

    38 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

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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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