NOT LISTED FOR SALE

1116 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $365,000 - $523,000

4 Beds
2 Baths
1,499 Sq Ft
$286/Sq Ft Est. Value

Last Sold May 24, 2017

Last sale price $202,000 $135 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $3,135/month

14 Days on Market

Highlights

  • Balcony
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Eat-In Kitchen
  • Family Room
  • 5-minute walk to Giddings Park

About This Home

As of May 2017

1,499 sq.ft. 4 bedroom house zoned TR-C4 multi-family or single family use near the intersection of N. Ingersoll St. and E. Gorham St. Beautiful hardwood floors throughout, parking available onsite, unfinished basement, 1 full bath and 1 half bath. Conveniently located 2 blocks from Lake Mendota and Tenney Park. Currently leased out for the 2017-2018 rental season at $1,625/month with tenants paying all utilities.

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 04/19/2017

Last Buyer's Agent

Jim Page

Restaino & Associates License #49532-94

Restaino & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,009

Year Built

  • Built in 1914

Lot Details

  • 4,356

Parking

  • Outside Parking

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 0709-131-1220-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,009

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, SingleFam zoned MultiFam
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 1
  • Number Units W Ac: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Attached, Outside
  • Utilities: Separate elec meters, Separate gas meters

Schools

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

Lot Info

  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 19500

Tax Info

  • Net Taxes: 5009
  • Tax Year: 2016
  • Assessor Parcel Number: 0709-131-1220-0

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2017
Closed on
May 26, 2017
Sold by
Orton Park Llc
Bought by
Salinas Gilmer
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Jim Page
Restaino & Associates
List Price
$209,900
Sold Price
$202,000
Premium/Discount to List
-$7,900
-3.76%
Current Estimated Value
$429,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,135
Avg. Annual Appreciation
9.17%

Purchase Details

Closed on
Aug 20, 2012
Sold by
1116 East Gorham Street Llc
Bought by
Orton Park Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,545,384
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Salinas Gilmer $200,000 First American Title
Orton Park Llc $133,300 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Orton Park Llc $1,545,384
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2017 05/24/17 Sold $202,000 -3.8% $135 / Sq Ft
05/03/2017 05/03/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $209,900 -- $140 / 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 $10,646 $305,400 $106,200 $199,200
2023 $5,081 $282,800 $106,200 $176,600
2021 $5,128 $242,500 $106,200 $136,300
2020 $5,062 $228,800 $106,200 $122,600
2019 $4,613 $208,000 $96,500 $111,500
2018 $4,426 $200,000 $92,800 $107,200
2017 $5,270 $229,300 $77,300 $152,000
2016 $5,009 $212,300 $71,600 $140,700
2015 $4,682 $182,000 $61,400 $120,600
2014 $4,332 $182,000 $61,400 $120,600
2013 $4,232 $166,500 $59,000 $107,500
Source: Public Records

Agents Affiliated with this Home

  • James Stopple

    Seller's Agent in 2017

    James Stopple

    Madison Property Management, Inc.

    (608) 516-8272

    5 in this area

    91 Total Sales

    James Stopple
    Section Image

  • J

    Buyer's Agent in 2017

    Jim Page

    Restaino & Associates

    Section Image
See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1800541

South Central Wisconsin Multiple Listing Service

APN: 0709-131-1220-0

Wisconsin Dane County Madison 53703 Tenney-Lapham

1116 E Gorham St, Madison, WI

Not Listed for Sale

MultiFamily

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.

Nearby Homes