NOT LISTED FOR SALE

12 S Orchard St Unit I Madison, WI 53715

Greenbush Neighborhood

Estimated Value: $907,000 - $1,028,000

9 Beds
3 Baths
3,256 Sq Ft
$302/Sq Ft Est. Value

Last Sold February 03, 2021

Last sale price $697,075 $214 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $7,600/month

110 Days on Market

Highlights

  • Balcony
  • Eat-In Kitchen
  • Outdoor Storage
  • Hamilton Middle School Rated A
  • Property is near a bus stop
  • 2-minute walk to Edward Klief Park

About This Home

As of February 2021

Excellent investment opportunity, classic income property For Sale in Downtown Madison. This 3 flat apartment building is right off Regent Street, steps from Camp Randall Stadium and the UW Campus. The location allows for unprecedented rental retention rates. Badger Football tailgate scene creates an additional income opportunity with parking cars for fans. See attached doc for Gross Income Analysis. Note: We are using projected 2021 Gross Income All windows are new as of 2008 and have a Lifetime, Transferable Warranty on parts and glass failures. This has proved extremely beneficial considering age of windows in similarly located houses flats.

Last Agent to Sell the Property

Matthew Lindholm

Bruner Realty & Management License #89947-94 Listed on: 09/01/2020

Last Buyer's Agent

James Bisbee

Slinde Realty Company License #62592-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,787

Year Built

  • Built in 1917

Lot Details

  • 4,356

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Family Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • 4 Open Parking Spaces
  • Outside Parking

Outdoor Features

  • Balcony
  • Outdoor Storage

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Utilities

  • Radiant Heating System
  • Separate Meters

Additional Features

  • 4,356 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 3 Units
  • Laundry Facilities
  • Net Operating Income $29,126

Listing and Financial Details

  • Assessor Parcel Number 070922403137

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,787

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Items Excluded: Tenants Personal Belongings
  • Items Included: All Appliances, fixtures
  • Miscellaneous: Shared laundry, Close to bus line
  • Noi Year: 2019
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Poured concrete foundatn
  • Number Dryers: 1
  • Number Furnaces: 3
  • Number Refrigerators: 3
  • Number Stoves: 3
  • Number Washers: 1
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

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

Utilities

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

Fee Information

  • Total Expenses: 27454

Schools

  • School District: Madison
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.1
  • Zoning: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 56580

Tax Info

  • Land Assessment: 77500
  • Improvements: 654000
  • Total Assessment: 731500
  • Assessment year: 2020
  • Net Taxes: 15787
  • Tax Year: 2019
  • Assessor Parcel Number: 070922403137

Multi Family

  • Number Of3 Bedrooms: 3
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Feb 3, 2021
Sold by
Lindholm Properties 12 S Orchard Llc
Bought by
Namm2 Llc
Seller's Agent
Matthew Lindholm
Bruner Realty & Management
Buyer's Agent
James Bisbee
Slinde Realty Company
List Price
$798,000
Sold Price
$697,075
Premium/Discount to List
-$100,925
-12.65%
Current Estimated Value
$982,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,826
Avg. Annual Appreciation
5.99%
Original Mortgage
$508,865
Outstanding Balance
$459,564
Interest Rate
2.6%
Mortgage Type
Commercial
Estimated Equity
$451,763

Purchase Details

Closed on
Jul 11, 2012
Sold by
Lindholm John A and Lindholm Robert J
Bought by
Lindholm Properties 12 S Orchard Llc
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
Namm2 Llc $697,100 None Available
Lindholm Properties 12 S Orchard Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Namm2 Llc $508,865
Previous Owner Lindholm Properties 12 S Orchard Llc $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2021 02/03/21 Sold $697,075 -2.2% $214 / Sq Ft
12/02/2020 12/02/20 Price Changed $712,800 -10.7% $219 / Sq Ft
09/01/2020 09/01/20 For Sale $798,000 -- $245 / 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 $28,356 $805,600 $117,400 $688,200
2023 $13,674 $752,900 $90,300 $662,600
2021 $15,711 $731,500 $77,500 $654,000
2020 $16,356 $731,500 $77,500 $654,000
2019 $15,787 $703,400 $74,500 $628,900
2018 $15,008 $669,900 $69,000 $600,900
2017 $14,129 $609,000 $69,000 $540,000
2016 $13,824 $580,000 $63,900 $516,100
2015 $13,298 $526,100 $58,500 $467,600
2014 $12,668 $526,100 $58,500 $467,600
2013 $11,691 $510,800 $54,700 $456,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Matthew Lindholm

    Bruner Realty & Management

    (608) 333-5301

    5 in this area

    54 Total Sales

    Matthew Lindholm
    Section Image
  • James Bisbee

    Buyer's Agent in 2021

    James Bisbee

    Slinde Realty Company

    (608) 219-4819

    2 in this area

    10 Total Sales

    James Bisbee
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1892461

South Central Wisconsin Multiple Listing Service

APN: 0709-224-0313-7

Wisconsin Dane County Madison 53715 Greenbush

12 S Orchard St Unit I, Madison, WI

This home is located at 12 S Orchard St Unit I, Madison, WI 53715 since 01 September 2020 and is currently estimated at $982,901, approximately $301 per square foot. This property was built in 1917. 12 S Orchard St Unit I is a home located in Dane County with nearby schools including Franklin Elementary School, Hamilton 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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