NOT LISTED FOR SALE

1129 Mound St Madison, WI 53715

Greenbush Neighborhood

Estimated Value: $1,196,000 - $1,343,716

11 Beds
3 Baths
4,430 Sq Ft
$282/Sq Ft Est. Value

Last Sold December 07, 2021

Last sale price $900,000 $203 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $9,428/month

25 Days on Market

Highlights

  • Den
  • Balcony
  • Property is near a bus stop
  • Hamilton Middle School Rated A
  • Eat-In Kitchen
  • 3-minute walk to Edward Klief Park

About This Home

As of December 2021

Great investment opportunity. In the heart of the coveted Vilas neighborhood, spacious 2-story, 2-flat, 11 total bedrooms (5--1st floor, 6--2nd floor, plus coin-op laundry & den in basement), windows throughout, all-brick exterior, continually well-maintained, newer boiler and water heater approx. 6 years old, managed by Madison Property Management, fully leased, tenants pay all utilities, no rent defaults during Covid. Great 1031 property and/or remodel/value add. Asking $870,000. OWNER/BROKER.

Last Agent to Sell the Property

Robert Zache

Central Place Real Estate License #22793-90 Listed on: 10/21/2021

Last Buyer's Agent

SCWMLS Non-Member

South Central Non-Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,429

Year Built

  • Built in 1940

Lot Details

  • 6,098

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Family Room
  • Dining Room
  • Den
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Finished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 4 Open Parking Spaces
  • Outside Parking

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Additional Features

  • Balcony
  • 6,098 Sq Ft Lot
  • Property is near a bus stop
  • Radiant Heating System

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-224-2105-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,429

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story, 2 flat-up and down
  • Miscellaneous: Shared laundry, Close to bus line
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Finished, Poured concrete foundatn
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 4

Utilities

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

Schools

  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.14
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 79080

Tax Info

  • Net Taxes: 20429
  • Tax Year: 2020
  • Assessor Parcel Number: 0709-224-2105-6

Multi Family

  • Number Of1 Bedrooms: 11
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Nov 29, 2021
Sold by
Zache Robert A
Bought by
1129 Mound St Llc
Seller's Agent
Robert Zache
Central Place Real Estate
Buyer's Agent
SCWMLS Non-Member
South Central Non-Member
List Price
$870,000
Sold Price
$900,000
Premium/Discount to List
$30,000
3.45%
Current Estimated Value
$1,248,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,179
Avg. Annual Appreciation
8.77%
Original Mortgage
$720,000
Outstanding Balance
$662,477
Interest Rate
3.14%
Mortgage Type
Commercial
Estimated Equity
$585,702

Purchase Details

Closed on
Feb 20, 2009
Sold by
Cool Digs Ii Llc
Bought by
Spring Creek Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.06%
Mortgage Type
Future Advance Clause Open End Mortgage
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
1129 Mound St Llc -- None Available
Zache Robert A -- None Available
Spring Creek Apartments Llc $684,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1129 Mound St Llc $720,000
Previous Owner Spring Creek Apartments Llc $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2021 12/07/21 Sold $900,000 +3.4% $203 / Sq Ft
10/21/2021 10/21/21 For Sale $870,000 -- $196 / 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 $34,736 $985,800 $199,700 $786,100
2023 $17,931 $985,800 $153,600 $832,200
2021 $19,538 $912,800 $131,800 $781,000
2020 $20,429 $912,800 $131,800 $781,000
2019 $19,719 $877,700 $126,700 $751,000
2018 $18,055 $805,200 $117,300 $687,900
2017 $17,154 $738,700 $117,300 $621,400
2016 $16,317 $684,000 $108,600 $575,400
2015 $16,484 $684,000 $89,900 $594,100
2014 $16,493 $684,000 $89,900 $594,100
2013 $15,680 $684,000 $84,000 $600,000
Source: Public Records

Agents Affiliated with this Home

  • Robert Zache

    Seller's Agent in 2021

    Robert Zache

    Central Place Real Estate

    (608) 215-8404

    1 in this area

    1 Total Sale

    Robert Zache
    Section Image

  • S

    Buyer's Agent in 2021

    SCWMLS Non-Member

    South Central Non-Member

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1922482

South Central Wisconsin Multiple Listing Service

APN: 0709-224-2105-6

Wisconsin Dane County Madison 53715 Greenbush

1129 Mound St, Madison, WI

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