NOT LISTED FOR SALE

1126 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $405,000 - $542,000

4 Beds
2 Baths
2,148 Sq Ft
$210/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $357,500 $166 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,404/month

36 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Family Room
  • Eat-In Kitchen
  • Dining Room

About This Home

As of June 2023

Showings 2/24. Great investment opportunity right in the heart of Madison! Conveniently located between the Isthmus and Madison’s east side with easy access to shops, restaurants, parks and more! This 2-unit multi-family home offers one 3 bed, 1bath unit complete with Madison’s charm with a sizable living room, kitchen and sunroom. The lower unit is a 1 bed/1bath unit with a sizable entryway for storage. On-site parking for each room occupied. Street parking is also available.

Last Agent to Sell the Property

Daniel Tenney

MHB Real Estate License #55376-90 Listed on: 02/22/2023

Co-Listed By

Dustin Laufenberg

MHB Real Estate License #92203-94

Last Buyer's Agent

Julie McKy

Stark Company, REALTORS License #40720-94

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,154

Year Built

  • Built in 1899

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Windows

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Individual Controls for Heating

Community Details

  • 2 Units
  • Parks Subdivision Blk 1

Listing and Financial Details

  • Assessor Parcel Number 0709-131-1224-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,154

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story
  • Items Excluded: Tenants Personal Property
  • Items Included: Refrigerator, Range/Oven in both units, Washer/Dryer, Blinds, Window A/C unit, Dishwasher
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Finished
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside

Schools

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

Lot Info

  • Estimated Aces: 0.12
  • Zoning: R3
  • Geo Subdivision: WI

Rental Info

  • Total Income: 2000

Tax Info

  • Net Taxes: 7154
  • Tax Year: 2022
  • Assessor Parcel Number: 0709-131-1224-2

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2023
Closed on
May 30, 2023
Sold by
Hasselhof Gert H R
Bought by
Rmb Apartments Llc
Seller's Agent
Daniel Tenney
MHB Real Estate
Buyer's Agent
Julie McKy
Stark Company, REALTORS
List Price
$399,000
Sold Price
$357,500
Premium/Discount to List
-$41,500
-10.4%
Views
279
Current Estimated Value
$450,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,457
Avg. Annual Appreciation
9.50%
Original Mortgage
$253,500
Outstanding Balance
$246,771
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$204,186

Purchase Details

Listed on
Feb 22, 2023
Closed on
Apr 19, 2023
Sold by
Bakken Robert D and Rogers Cindy L
Bought by
Bakken Robert D and Bakken Cindy L
Seller's Agent
Daniel Tenney
MHB Real Estate
Buyer's Agent
Julie McKy
Stark Company, REALTORS
List Price
$399,000
Sold Price
$357,500
Premium/Discount to List
-$41,500
-10.4%
Views
279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,500
Outstanding Balance
$246,771
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$204,186

Purchase Details

Closed on
Dec 5, 2022
Sold by
Hasselhof Gert H R
Bought by
Hasselhof Gert H R and Gert H R Hasselhof Md Revocable Living Trust

Purchase Details

Closed on
Dec 27, 2017
Sold by
Hasselhof Gert H R and Hasselhof Soehnke
Bought by
Hasselhof Gert H R

Purchase Details

Closed on
Aug 17, 2011
Sold by
Hasselhof Gert and Hasselhof Soehnke
Bought by
Hasselhof Gert and Hasselhof Soehnke

Purchase Details

Closed on
Apr 15, 2008
Sold by
Hasselhof Gert and Hasselhof Soehnke
Bought by
Hasselhof Gert and Hasselhof Soehnke

Purchase Details

Closed on
Mar 28, 2006
Sold by
Hasselhof Gert and Hasselhof Soehnke
Bought by
Hasselhof Ventures Llc

Purchase Details

Closed on
Jan 21, 2006
Sold by
Mcconley Dion J
Bought by
Hasselhof Gert and Hasselhof Seohnke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.3%
Mortgage Type
New Conventional
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
Rmb Apartments Llc $357,500 None Listed On Document
Bakken Robert D -- None Listed On Document
Hasselhof Gert H R -- None Listed On Document
Hasselhof Gert H R -- --
Hasselhof Gert -- None Available
Hasselhof Gert -- None Available
Hasselhof Gert -- None Available
Hasselhof Ventures Llc -- None Available
Hasselhof Gert $231,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rmb Apartments Llc $253,500
Previous Owner Hasselhof Gert $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2023 06/02/23 Sold $357,500 -4.7% $166 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/21/2023 03/21/23 Price Changed $375,000 -6.0% $175 / Sq Ft
02/22/2023 02/22/23 For Sale $399,000 -- $186 / 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 $12,491 $357,500 $103,900 $253,600
2023 $7,123 $394,500 $103,900 $290,600
2021 $7,394 $347,900 $96,200 $251,700
2020 $7,158 $322,100 $89,900 $232,200
2019 $6,647 $298,200 $81,700 $216,500
2018 $6,318 $284,000 $78,600 $205,400
2017 $5,945 $258,200 $78,600 $179,600
2016 $5,546 $234,700 $72,800 $161,900
2015 $5,283 $221,400 $62,400 $159,000
2014 $5,286 $221,400 $62,400 $159,000
2013 $5,088 $212,900 $60,000 $152,900
Source: Public Records

Agents Affiliated with this Home

  • Daniel Tenney

    Seller's Agent in 2023

    Daniel Tenney

    MHB Real Estate

    (608) 333-5362

    6 in this area

    1,736 Total Sales

    Daniel Tenney
    Section Image
  • Dustin Laufenberg

    Seller Co-Listing Agent in 2023

    Dustin Laufenberg

    MHB Real Estate

    (608) 709-9002

    1 in this area

    95 Total Sales

    Dustin Laufenberg
    Section Image

  • J

    Buyer's Agent in 2023

    Julie McKy

    Stark Company, REALTORS

    (608) 576-2191

    1 in this area

    29 Total Sales

    Julie McKy
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1950591

South Central Wisconsin Multiple Listing Service

APN: 0709-131-1224-2

Wisconsin Dane County Madison 53703 Tenney-Lapham

1126 E Gorham St, Madison, WI

Not Listed for Sale

MultiFamily

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