NOT LISTED FOR SALE

Estimated Value: $1,913,312

5 Beds
5 Baths
2,035 Sq Ft
$940/Sq Ft Est. Value

Last Sold March 10, 2017

Last sale price $1,070,000 $526 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $14,692/month

About This Home

As of March 2017

13 Unit located in Mansion Hill Historic District. All units have own kitchens and bathrooms. Mostly leased through 8/14/18. Basement level 3 bedroom has central A/C and is currently vacant. Modern high efficiency hot water boiler. Brick 3 stall garage with upper level was used by owner for storage. 4 outdoor parking spaces rented $75/month. Stated income is gross potential for the year. All sq ft from assessor - verify if important. Tenant occupied - 48 hours notice required for showings.

Last Agent to Sell the Property

Peter Korotev

South Central Non-Member License #47849-90 Listed on: 01/01/2017

Last Buyer's Agent

Peter Korotev

South Central Non-Member License #47849-90 Listed on: 01/01/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,279

Year Built

  • Built in 1857

Lot Details

  • 8,712

Parking

  • Outside Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Schools

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

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 0709-144-0409-4

Community Details

Overview

  • 13 Units
  • The community has rules related to parking rules

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,279

Year Built

Built in 1857

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
  • Items Excluded: Washer and Dryer are leased.
  • Items Included: 13 units - 9 effic., 3 1bdrm, 1 3bdrm. 1 high effic hot water boiler, two 50 gal water heaters, lower unit (3bdrm) has central air.
  • Miscellaneous: Shared laundry
  • Noi Year: 2017
  • Year Built: 1857
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partially finished
  • Number Dish Washers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 13
  • Number Stoves: 13
  • Number Units W Ac: 1
  • Number Water Heaters: 2

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Detached, Outside, Parking fee

Schools

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

Lot Info

  • Zoning: DR-1 H
  • Geo Subdivision: WI

Rental Info

  • Total Income: 107040

Tax Info

  • Land Assessment: 218000
  • Improvements: 673000
  • Total Assessment: 891000
  • Assessment year: 2016
  • Net Taxes: 21279
  • Tax Year: 2016
  • Assessor Parcel Number: 0709-144-0409-4

Multi Family

  • Number Of1 Bedrooms: 3
  • Number Of3 Bedrooms: 1
  • Number Of Efficiencies: 9
  • Number Of Units: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2017
Closed on
Mar 10, 2017
Sold by
Bnbc Properties Llp
Bought by
Gilman 115 East Llc
Seller's Agent
Peter Korotev
South Central Non-Member
Buyer's Agent
Peter Korotev
South Central Non-Member
List Price
$1,070,000
Sold Price
$1,070,000
Current Estimated Value
$1,913,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$843,312
Avg. Annual Appreciation
6.34%
Original Mortgage
$856,000
Interest Rate
4.17%
Mortgage Type
Unknown
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
Gilman 115 East Llc $1,070,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilman 115 East Llc $930,000
Closed Gilman 115 East Llc $856,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2017 03/10/17 Sold $1,070,000 0.0% $526 / Sq Ft
01/20/2017 01/20/17 Pending -- -- --
01/01/2017 01/01/17 For Sale $1,070,000 -- $526 / 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 $53,975 $1,496,000 $240,000 $1,256,000
2023 $25,371 $1,360,000 $240,000 $1,120,000
2021 $25,910 $1,180,000 $240,000 $940,000
2020 $25,816 $1,124,000 $240,000 $884,000
2019 $25,274 $1,124,000 $240,000 $884,000
2018 $24,019 $1,070,000 $240,000 $830,000
2017 $21,757 $936,000 $240,000 $696,000
2016 $21,279 $891,000 $218,000 $673,000
2015 $20,480 $809,000 $218,000 $591,000
2014 $19,521 $809,000 $218,000 $591,000
2013 $16,855 $809,000 $218,000 $591,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1792495

South Central Wisconsin Multiple Listing Service

APN: 0709-144-0409-4