NOT LISTED FOR SALE

1150 E Johnson St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $538,000 - $690,000

5 Beds
4 Baths
2,136 Sq Ft
$291/Sq Ft Est. Value

Last Sold October 23, 2020

Last sale price $445,000 $208 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,782/month

256 Days on Market

Highlights

  • Eat-In Kitchen
  • Family Room
  • Wood Siding
  • Property is near a bus stop

About This Home

As of October 2020

4 unit multi-family located near the intersection of N. Few St. & E. Johnson St. just minutes from downtown Madison. There are three 1 bedroom units & one 2 bedroom unit. All tenants pay their own electric and a $10/month fee for gas. Fully leased with onsite parking. See Rent Roll for upcoming rates/renewal rates. Fully leased un Aug. 2021 with an annual gross income of $45,120.

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 01/02/2020

Co-Listed By

Tony Xiong

Madison Property Management, Inc. License #69875-94

Last Buyer's Agent

Donald Carter

Stark Company, REALTORS License #56520-90

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,446

Year Built

  • Built in 1884

Lot Details

  • 8,276

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • 4 Open Parking Spaces
  • Outside Parking

Schools

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

Additional Features

  • 8,276 Sq Ft Lot
  • Property is near a bus stop
  • Separate Meters

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 070913111252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,446

Year Built

Built in 1884

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
  • Year Built: 1884
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside
  • Utilities: Separate elec meters

Schools

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

Lot Info

  • Estimated Aces: 0.19
  • Zoning: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 45120

Tax Info

  • Net Taxes: 8446
  • Tax Year: 2019
  • Assessor Parcel Number: 070913111252

Multi Family

  • Number Of1 Bedrooms: 3
  • Number Of2 Bedrooms: 1
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2020
Closed on
Oct 21, 2020
Sold by
Orton Park Llc
Bought by
Klaas Jonathan R
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Donald Carter
Stark Company, REALTORS
List Price
$474,900
Sold Price
$445,000
Premium/Discount to List
-$29,900
-6.3%
Current Estimated Value
$622,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,546
Avg. Annual Appreciation
6.71%
Original Mortgage
$329,175
Outstanding Balance
$291,579
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$330,967

Purchase Details

Closed on
Aug 20, 2012
Sold by
1150 East Johnson Street Llc
Bought by
Orton Park Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,545,384
Interest Rate
3.52%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 10, 2006
Sold by
Simmons Thomas J
Bought by
1150 East Johnson Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,210
Interest Rate
6.48%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Klaas Jonathan R $445,000 None Available
Orton Park Llc $268,800 First American Title
1150 East Johnson Street Llc $331,300 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klaas Jonathan R $329,175
Previous Owner Orton Park Llc $1,545,384
Previous Owner 1150 East Johnson Street Llc $331,210
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2020 10/23/20 Sold $445,000 -6.3% $208 / Sq Ft
01/02/2020 01/02/20 For Sale $474,900 -- $222 / 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 $18,244 $520,000 $119,000 $401,000
2023 $8,503 $470,000 $108,000 $362,000
2021 $9,481 $445,000 $89,000 $356,000
2020 $8,301 $373,000 $88,100 $284,900
2019 $8,447 $355,000 $88,100 $266,900
2018 $8,066 $338,000 $88,100 $249,900
2017 $8,352 $338,000 $88,100 $249,900
2016 $8,583 $338,000 $80,100 $257,900
2015 $7,719 $307,000 $80,100 $226,900
2014 $7,360 $307,000 $80,100 $226,900
2013 $7,415 $298,000 $80,100 $217,900
Source: Public Records

Agents Affiliated with this Home

  • James Stopple

    Seller's Agent in 2020

    James Stopple

    Madison Property Management, Inc.

    (608) 516-8272

    5 in this area

    91 Total Sales

    James Stopple
    Section Image
  • Tony Xiong

    Seller Co-Listing Agent in 2020

    Tony Xiong

    Madison Property Management, Inc.

    (608) 347-7842

    4 in this area

    66 Total Sales

    Tony Xiong
    Section Image
  • Donald Carter

    Buyer's Agent in 2020

    Donald Carter

    Stark Company, REALTORS

    (608) 212-1602

    51 Total Sales

    Donald Carter
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1874303

South Central Wisconsin Multiple Listing Service

APN: 0709-131-1125-2

Wisconsin Dane County Madison 53703 Tenney-Lapham

1150 E Johnson St, Madison, WI

Not Listed for Sale

MultiFamily

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