NOT LISTED FOR SALE

1141 Petra Place Unit 2 Madison, WI 53713

Burr Oaks Neighborhood

Estimated Value: $140,000 - $165,000

2 Beds
1 Bath
753 Sq Ft
$170/mo HOA Fee

Last Sold April 16, 2019

Last sale price $83,000 $110 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,246/month

28 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Great Room
  • West High School Rated A
  • Hydromassage or Jetted Bathtub
  • Intercom

About This Home

As of April 2019

Come and see! This move-in ready 2-bedroom condo has private entry, upgraded kitchen, bathroom, lighting, paint, and refinished hardwood floors throughout. Over $10,000 in recent upgrades! All new black stainless steel appliances: high efficiency washer/dryer, refrigerator/freezer, oven/range, dishwasher, microwave. Close to the Beltline, downtown, campus, shopping, dining, and so much more. Bring your pets! Own for a lot less than rent! Offer fell through, back on the market 3/27/2019! Will go quickly.

Last Agent to Sell the Property

Meg McGuire

Restaino & Associates License #83365-94 Listed on: 02/28/2019

Restaino & Associates

Co-Listed By

Steven Foreman

Restaino & Associates License #50514-94

Last Buyer's Agent

SCWMLS Non-Member

South Central Non-Member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,161

Year Built

  • Built in 1963

Lot Details

  • 1.72

HOA Fees

  • $170 Monthly HOA Fees

Parking

  • Outside Parking

Home Design

  • Garden Home
  • Brick Exterior Construction

Interior Spaces

  • 753 Sq Ft Home
  • Open Floorplan
  • Great Room
  • Storage Room
  • Wood Flooring
  • Intercom

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Full Bathroom
  • Grab Bar In Bathroom
  • Accessible Bedroom

Schools

  • Midvale/Lincoln Elementary School
  • Cherokee Heights Middle School
  • West High School

Utilities

  • Radiant Heating System
  • Cable TV Available

Additional Features

  • Private Entrance
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 0709-353-0722-7

Community Details

Overview

  • Association fees include parking, heat, hot water, trash removal, snow removal, common area maintenance, common area insurance, lawn maintenance
  • 8 Units
  • Located in the Petra Place Condominiums master-planned community
  • Property Manager
  • Greenbelt

Security

  • Building Security System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,161

Year Built

Built in 1963

Lot Details

0

HOA Fees

$170 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Garden
  • Barrier Free: Open floor plan, First floor bedroom, First floor full bath, Grab bars in bath
  • Items Excluded: Sellers Personal Property.
  • Items Included: Refrigerator, Washer, Dryer, Disposal, Dish Washer, All Window Coverings, Range/Oven
  • Fee Includes: Parking, Heat, Hot Water, Trash removal, Snow removal, Common area maintenance, Common area insurance, Lawn maintenance
  • Project Name: Petra Place Condominiums
  • Year Built: 1963
  • Above Grade Price Per Sq Ft: 118.86
  • Above Grade Sold Price Per Sq Ft: 110.23
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Finished Sq Ft: 753
  • Finished Above Grade Sq Ft: 753
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 11x11, On Level: M
  • Bedroom 2: Dimensions: 11x10, On Level: M
  • Kitchen: Dimensions: 11x14, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Dishwasher, Microwave, Disposal
  • Living Room: Dimensions: 16x11, On Level: M
  • In Unit Laundry Lvl: M
  • Basement: None
  • Interior Amenities: Wood or sim. wood floors, Great room, Washer, Dryer, Intercom, Jetted bathtub, Cable/Satellite Available, Storage Unit Inc, At Least 1 tub
  • Floor Number: 1
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Brick
  • Exterior Features: Private Entry

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Radiant
  • Water Waste: Municipal water, Municipal sewer
  • Parking Unit: 1 space assigned, Outside only

Condo/Co-op/Association

  • Common Amenities: Common Green Space, Security system, Close to busline
  • Condo Fee Month: 170
  • Condo Management: Professional offsite
  • Proposed Units In Assoc: 40
  • Units in Association: 40
  • Units In Building: 8

Schools

  • School District: Madison
  • Elementary School: Midvale/Lincoln
  • Middle School: Cherokee Heights
  • High School: West
  • Elementary School: Midvale/Lincoln
  • High School: West
  • Middle School: Cherokee Heights
  • School District: Madison

Lot Info

  • Zoning: SR-V2
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 4800
  • Improvements: 57700
  • Total Assessment: 62500
  • Assessment year: 2018
  • Net Taxes: 1161
  • Tax Year: 2017
  • Assessor Parcel Number: 0709-353-0722-7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2019
Closed on
Apr 16, 2019
Sold by
Miller Matthew and Miller Rachael
Bought by
Jek Petra Llc
Seller's Agent
Meg McGuire
Restaino & Associates
Buyer's Agent
SCWMLS Non-Member
South Central Non-Member
List Price
$89,500
Sold Price
$83,000
Premium/Discount to List
-$6,500
-7.26%
Current Estimated Value
$148,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,043
Avg. Annual Appreciation
10.41%
Original Mortgage
$185,600
Outstanding Balance
$163,526
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
-$8,204

Purchase Details

Listed on
Jan 15, 2018
Closed on
Apr 6, 2018
Sold by
Isaac Fady G
Bought by
Miller Matthew and Miller Rachel
Seller's Agent
Matt Winzenried
Realty Executives Cooper Spransy
Buyer's Agent
Josh Lavik
EXP Realty, LLC
List Price
$73,000
Sold Price
$74,500
Premium/Discount to List
$1,500
2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.06%
Original Mortgage
$67,050
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 26, 2016
Closed on
Aug 30, 2016
Sold by
Wisconsin Housing Development Authority
Bought by
Isac Fady G
Seller's Agent
Mandy Lux
Century 21 Affiliated
Buyer's Agent
Mandy Lux
Century 21 Affiliated
List Price
$65,900
Sold Price
$59,000
Premium/Discount to List
-$6,900
-10.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.80%

Purchase Details

Closed on
May 6, 2016
Sold by
Spence Elizabeth
Bought by
Wisconsin Housing & Economic Development

Purchase Details

Closed on
Sep 11, 2006
Sold by
Petra Place Condominiums Inc
Bought by
Spence Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,576
Interest Rate
6.7%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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
Jek Petra Llc $83,000 None Available
Miller Matthew -- Knight Barry Title
Isac Fady G -- None Available
Wisconsin Housing & Economic Development -- Attorney
Spence Elizabeth $97,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jek Petra Llc $185,600
Previous Owner Miller Matthew $67,050
Previous Owner Spence Elizabeth $88,576
Previous Owner Spence Elizabeth $5,420
Previous Owner Spence Elizabeth $3,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2019 04/16/19 Sold $83,000 -7.3% $110 / Sq Ft
03/28/2019 03/28/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $89,500 0.0% $119 / Sq Ft
03/10/2019 03/10/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $89,500 +7.8% $119 / Sq Ft
03/01/2019 03/01/19 Off Market $83,000 -- --
02/28/2019 02/28/19 For Sale $89,500 +20.1% $119 / Sq Ft
04/06/2018 04/06/18 Sold $74,500 +2.1% $99 / Sq Ft
01/15/2018 01/15/18 For Sale $73,000 +23.7% $97 / Sq Ft
09/02/2016 09/02/16 Sold $59,000 -10.5% $78 / Sq Ft
08/24/2016 08/24/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $65,900 -- $88 / 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 $3,183 $109,800 $7,300 $102,500
2023 $1,477 $103,600 $6,100 $97,500
2021 $1,467 $86,300 $5,100 $81,200
2020 $1,592 $83,000 $5,100 $77,900
2019 $1,383 $74,500 $4,900 $69,600
2018 $1,142 $62,500 $4,800 $57,700
2017 $1,161 $59,000 $4,800 $54,200
2016 $970 $50,000 $4,500 $45,500
2015 $470 $52,400 $4,000 $48,400
2014 $1,060 $52,400 $4,000 $48,400
2013 $1,068 $54,000 $4,000 $50,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Meg McGuire

    Restaino & Associates

    (608) 520-9036

    26 Total Sales

    Section Image

  • S

    Seller Co-Listing Agent in 2019

    Steven Foreman

    Restaino & Associates

    (608) 556-0594

    17 Total Sales

    Section Image

  • S

    Buyer's Agent in 2019

    SCWMLS Non-Member

    South Central Non-Member

  • Matt Winzenried

    Seller's Agent in 2018

    Matt Winzenried

    Realty Executives

    (608) 358-4396

    1 in this area

    664 Total Sales

    Section Image
  • John David Vasquez

    Seller Co-Listing Agent in 2018

    John David Vasquez

    Realty Executives

    (608) 770-4322

    88 Total Sales

    Section Image
  • Josh Lavik

    Buyer's Agent in 2018

    Josh Lavik

    EXP Realty, LLC

    (608) 440-9607

    254 Total Sales

    Section Image
See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1850854

South Central Wisconsin Multiple Listing Service

APN: 0709-353-0722-7

Wisconsin Dane County Madison 53713 Burr Oaks

1141 Petra Place Unit 2, Madison, WI

This home is located at 1141 Petra Place Unit 2, Madison, WI 53713 since 28 February 2019 and is currently estimated at $155,322, approximately $206 per square foot. This property was built in 1963. 1141 Petra Place Unit 2 is a home located in Dane County with nearby schools including Lincoln Elementary School, Cherokee Heights Middle School, and West High School.

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