NOT LISTED FOR SALE

1145 Petra Place Unit 3 Madison, WI 53713

Burr Oaks Neighborhood

Estimated Value: $144,000 - $165,000

2 Beds
1 Bath
758 Sq Ft
$175/mo HOA Fee

Last Sold April 29, 2022

Last sale price $115,000 $152 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,323/month

4 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • End Unit
  • West High School Rated A
  • Hydromassage or Jetted Bathtub
  • Property is near a bus stop

About This Home

As of April 2022

Best value in Dane County with a central location that can't be beat! This condo is close to dining & shopping, and 10 minutes or less to downtown Madison, Henry Vilas Zoo and the Arboretum plus just a few of minutes to hop on the Beltline. Newly painted throughout with hardwood floors in the living and bedrooms. There's an eat-in kitchen and in-unit laundry for extra convenience. Both heat and hot water are included in your monthly association dues, Downstairs you'll find a large storage room as well. Seller built a garden in the corner of the parking lot that the new owners can enjoy this summer.

Last Agent to Sell the Property

Sherry McKee

Stark Company, REALTORS License #80355-94 Listed on: 04/04/2022

Stark Company, REALTORS

Last Buyer's Agent

Grant Samuelsen

RE/MAX Preferred License #79933-94

RE/MAX Preferred

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,310

Year Built

  • Built in 1963

Lot Details

  • 1.72

HOA Fees

  • $175 Monthly HOA Fees

Home Design

  • Garden Home
  • Brick Exterior Construction

Interior Spaces

  • 758 Sq Ft Home
  • Wood Flooring

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

Schools

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

Additional Features

  • Deck
  • End Unit
  • Property is near a bus stop
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Association fees include parking, heat, hot water, water/sewer, trash removal, snow removal, reserve fund, lawn maintenance
  • 8 Units
  • Located in the Petra Place master-planned community

Listing and Financial Details

  • Assessor Parcel Number 0709-353-0735-0

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,310

Year Built

Built in 1963

Lot Details

0

HOA Fees

$175 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Garden, End Unit
  • Items Excluded: Seller's personal property
  • Items Included: Refrigerator, stove, dishwasher, microwave, washer, dryer, wall A/C unit
  • Fee Includes: Parking, Heat, Hot Water, Water/Sewer, Trash removal, Snow removal, Reserve fund, Lawn maintenance
  • Project Name: Petra Place
  • Year Built: 1963
  • Above Grade Price Per Sq Ft: 122.03
  • Above Grade Sold Price Per Sq Ft: 151.72
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Finished Sq Ft: 758
  • Finished Above Grade Sq Ft: 758
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 10x12, On Level: M
  • Bedroom 2: Dimensions: 10x11, On Level: M
  • Kitchen: Dimensions: 10x12, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Dishwasher, Microwave, Disposal
  • Living Room: Dimensions: 12x16, On Level: M
  • In Unit Laundry Lvl: M
  • In Unit Laundry Room Dim: 3x3
  • Basement: None
  • Interior Amenities: Wood or sim. wood floors, Washer, Dryer, Jetted bathtub
  • Floor Number: 2
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Brick
  • Exterior Features: Deck/Balcony

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Wall AC
  • Water Waste: Municipal water, Municipal sewer
  • Parking Unit: 1 space assigned

Condo/Co-op/Association

  • Common Amenities: Close to busline
  • Condo Fee Month: 175
  • Condo Management: Developer
  • Proposed Units In Assoc: 72
  • Units in Association: 72
  • 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: Res
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 5100
  • Improvements: 59800
  • Total Assessment: 64900
  • Assessment year: 2021
  • Net Taxes: 1310
  • Tax Year: 2021
  • Assessor Parcel Number: 0709-353-0735-0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2024
Sold by
Wang Daniel S and Wang Van Orman
Bought by
Wang & Van Orman Living Trust and Wang
Current Estimated Value
$150,149

Purchase Details

Closed on
Jun 25, 2015
Sold by
Bonebrake Michael
Bought by
Schuette Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.02%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 4, 2009
Sold by
Lehman Oneal Tina
Bought by
Bonebrake Michael

Purchase Details

Closed on
Jan 5, 2009
Sold by
Bonebrake Michael
Bought by
Lehman Oneal Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,400
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 23, 2006
Sold by
Petra Place Condominiums Inc
Bought by
Bonebrake Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,400
Interest Rate
6.72%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Wang & Van Orman Living Trust -- None Listed On Document
Schuette Michael $50,000 Attorney
Bonebrake Michael -- None Available
Lehman Oneal Tina $49,900 None Available
Bonebrake Michael $98,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schuette Michael $45,000
Previous Owner Lehman Oneal Tina $49,400
Previous Owner Bonebrake Michael $78,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $115,000 +24.3% $152 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $92,500 -19.6% $122 / Sq Ft
04/04/2022 04/04/22 Off Market $115,000 -- --
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 $3,905 $115,000 $7,300 $107,700
2023 $2,014 $115,000 $6,100 $108,900
2021 $1,310 $64,900 $5,100 $59,800
2020 $1,323 $62,400 $5,100 $57,300
2019 $1,275 $60,000 $4,900 $55,100
2018 $1,247 $58,800 $4,800 $54,000
2017 $1,157 $53,000 $4,800 $48,200
2016 $1,119 $50,000 $4,500 $45,500
2015 $948 $42,400 $4,000 $38,400
2014 $950 $42,400 $4,000 $38,400
2013 $901 $42,400 $4,000 $38,400
Source: Public Records

Agents Affiliated with this Home

  • Sherry McKee

    Seller's Agent in 2022

    Sherry McKee

    Stark Company, REALTORS

    (608) 492-2688

    1 in this area

    76 Total Sales

    Section Image
  • Grant Samuelsen

    Buyer's Agent in 2022

    Grant Samuelsen

    RE/MAX

    (608) 772-4656

    1 in this area

    35 Total Sales

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1930956

South Central Wisconsin Multiple Listing Service

APN: 0709-353-0735-0

Wisconsin Dane County Madison 53713 Burr Oaks

1145 Petra Place Unit 3, Madison, WI

This home is located at 1145 Petra Place Unit 3, Madison, WI 53713 since 04 April 2022 and is currently estimated at $156,816, approximately $206 per square foot. This property was built in 1963. 1145 Petra Place Unit 3 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.

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