NOT LISTED FOR SALE

1134 Gammon Ln Unit 1 Madison, WI 53719

Westside Neighborhood

Estimated Value: $520,000 - $659,000

8 Beds
8 Baths
4,000 Sq Ft
$143/Sq Ft Est. Value

Last Sold July 12, 2012

Last sale price $250,000 $62 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $3,611/month

Highlights

  • Balcony
  • Fireplace
  • Property is near a bus stop
  • West Middleton Elementary School Rated A
  • Eat-In Kitchen
  • 5-minute walk to Elver Park

About This Home

As of July 2012

Excellent location! Four-unit apartment building. Each unit has two bedrooms, private laundry, fireplace, master bath, patio/balcony & one-car garage. 1142 Gammon Ln & 1134 Gammon Ln must be sold together. Numerous updates throughout both buildings & new roofs. Priced below assessed value.

Last Agent to Sell the Property

Denise Holmes

Bunbury & Assoc, REALTORS License #22306-90 495-9 Listed on: 05/11/2012

Last Buyer's Agent

Joe Armentrout

Pinnacle Real Estate Group LLC License #53365-90

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.29

Home Design

  • Vinyl Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Family Room
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Schools

  • West Middleton Elementary School
  • Kromrey Middle School
  • Middleton High School

Utilities

  • Central Air
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Balcony
  • 0.29 Acre Lot
  • Property is near a bus stop

Community Details

  • 4 Units
  • Net Operating Income $22,557

Listing and Financial Details

  • Assessor Parcel Number 0708-351-0115-9

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

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
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Noi Year: 2007
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 4
  • Number Dryers: 4
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Units W Ac: 4
  • Number Washers: 4
  • Number Water Heaters: 4
  • Number Water Softeners: 4

Exterior Features

  • Exterior: Vinyl, Stucco

Garage/Parking

  • Heating Fuel: Electric

Utilities

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

Schools

  • School District: Middleton-Cross Plains
  • Elementary School: West Middleton
  • Middle School: Kromrey
  • High School: Middleton
  • Elementary School: West Middleton
  • High School: Middleton
  • Middle School: Kromrey
  • School District: Middleton-Cross Plains

Lot Info

  • Estimated Lot Sq Ft: 12600
  • Zoning: R4
  • Lot Size: 90 x 140
  • Geo Subdivision: WI

Rental Info

  • Total Income: 27349

Tax Info

  • Land Assessment: 74000
  • Improvements: 254600
  • Total Assessment: 328600
  • Assessment year: 2012
  • Net Taxes: 7404
  • Tax Year: 2011
  • Assessor Parcel Number: 0708-351-0115-9

Multi Family

  • Number Of2 Bedrooms: 4
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2019
Sold by
Doers Michael
Bought by
Sharma Homes Llc
Current Estimated Value
$573,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,347,200
Outstanding Balance
$1,187,751
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
-$614,751

Purchase Details

Closed on
Mar 25, 2015
Sold by
Dog Dog Ventures Llc
Bought by
Doers Michael

Purchase Details

Listed on
May 11, 2012
Closed on
Sep 6, 2012
Sold by
Doers Michael
Bought by
Doo Dog Ventures Llc
Seller's Agent
Denise Holmes
Bunbury & Assoc, REALTORS
Buyer's Agent
Joe Armentrout
Pinnacle Real Estate Group LLC
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
Original Mortgage
$150,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
May 11, 2012
Closed on
Jul 11, 2012
Sold by
Lemcke Oma C
Bought by
Doers Michael
Seller's Agent
Denise Holmes
Bunbury & Assoc, REALTORS
Buyer's Agent
Joe Armentrout
Pinnacle Real Estate Group LLC
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.64%
Mortgage Type
Commercial
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
Sharma Homes Llc $1,683,000 None Available
Doers Michael -- None Available
Doo Dog Ventures Llc -- None Available
Doers Michael $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharma Homes Llc $1,347,200
Previous Owner Doers Michael $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2012 07/12/12 Sold $250,000 -9.1% $63 / Sq Ft
06/11/2012 06/11/12 Pending -- -- --
05/11/2012 05/11/12 For Sale $275,000 -- $69 / 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 $18,430 $550,000 $103,000 $447,000
2023 $8,791 $525,000 $94,000 $431,000
2021 $7,775 $395,000 $77,000 $318,000
2020 $8,417 $395,000 $77,000 $318,000
2019 $7,986 $375,000 $77,000 $298,000
2018 $7,153 $345,000 $77,000 $268,000
2017 $6,744 $311,000 $77,000 $234,000
2016 $5,766 $258,000 $74,000 $184,000
2015 $6,040 $258,000 $74,000 $184,000
2014 $6,067 $258,000 $74,000 $184,000
2013 $7,404 $250,000 $74,000 $176,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1655396

South Central Wisconsin Multiple Listing Service

APN: 0708-351-0115-9