NOT LISTED FOR SALE

Estimated Value: $790,000 - $864,000

6 Beds
4 Baths
3,100 Sq Ft
$266/Sq Ft Est. Value

Last Sold December 10, 2021

Last sale price $625,000 $202 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,137/month

6 Days on Market

Highlights

  • Wood Flooring
  • Property is near bus stop
  • Laundry Facilities
  • Eat-In Kitchen
  • Water Softener is Owned

About This Home

As of December 2021

Tenney/Lapham Brick 4 unit built in the 1950's, solid craftsmanship of that era shines throughout and located in the vibrant E Washington Corridor that is booming & continuing to gain attractions, like the Central Market project! Units have been well maintained and feature gleaming oak hardwood flrs in living & bdrms(s), new dining and kitchen light fixtures, open dining space into the kitchens, large pantries, storage in basement, coin-op laundry, 3 parking stalls that currently are assigned to units (possibility to use as tandem stalls to add additional parking) & 1st floor units have private entry. Great property to add into a portfolio, room to increase rents, low maintenance & high desirability area offers bike path, bus route, groceries, entertainment & more! For more photos and info visit www.lauerrealtygroup.com or call Liz Lauer at 608-444-5725

Last Agent to Sell the Property

Liz Lauer

Lauer Realty Group, Inc. License #56139-90 Listed on: 10/27/2021

Last Buyer's Agent

Liz Lauer

Lauer Realty Group, Inc. License #56139-90 Listed on: 10/27/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,671

Year Built

  • Built in 1954

Lot Details

  • 5,663

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 3 Open Parking Spaces
  • On-Street Parking
  • Outside Parking

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • 5,663 Sq Ft Lot
  • Property is near bus stop

Listing and Financial Details

  • Assessor Parcel Number 0709-131-0728-5

Community Details

Overview

  • 4 Units
  • Tenney/Lapham Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,671

Year Built

Built in 1954

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: All personal property of Seller and/or Tenant.
  • Items Included: 4 Range/Ovens, 4 Refrigerators, 2 Sets of Washer/Dryers, Water Softener, All Window Coverings.
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Dryers: 2
  • Number Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 3

Utilities

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

Fee Information

  • Total Expenses: 43212

Schools

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

Lot Info

  • Estimated Aces: 0.13
  • Zoning: R5
  • Geo Subdivision: WI

Rental Info

  • Total Income: 47700

Tax Info

  • Net Taxes: 10671
  • Tax Year: 2020
  • Assessor Parcel Number: 0709-131-0728-5

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of2 Bedrooms: 2
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2021
Closed on
Dec 2, 2021
Sold by
Berger Michael J and Sagal Arnold H
Bought by
Sloman Paul and Sloman Virginia
Seller's Agent
Liz Lauer
Lauer Realty Group, Inc.
Buyer's Agent
Liz Lauer
Lauer Realty Group, Inc.
List Price
$575,000
Sold Price
$625,000
Premium/Discount to List
$50,000
8.7%
Current Estimated Value
$825,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,485
Avg. Annual Appreciation
7.07%
Original Mortgage
$375,000
Outstanding Balance
$344,809
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$480,676

Purchase Details

Closed on
Oct 30, 2009
Sold by
Fielding Andrew P and Harris Leila M
Bought by
Berger Michael J and Berger Ellen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
5.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 2006
Sold by
1201 E Mifflin St Llc
Bought by
Fielding Andrew P and Harris Leila M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sloman Paul $625,000 Knight Barry Title
Berger Michael J $362,500 None Available
Fielding Andrew P $330,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sloman Paul $375,000
Previous Owner Berger Michael J $222,000
Previous Owner Fielding Andrew P $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2021 12/10/21 Sold $625,000 +8.7% $202 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $575,000 -- $185 / 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
2023 $11,336 $625,000 $96,000 $529,000
2022 $24,600 $625,000 $87,000 $538,000
2021 $11,244 $527,000 $79,000 $448,000
2020 $10,672 $478,500 $78,200 $400,300
2019 $10,196 $455,500 $78,200 $377,300
2018 $9,685 $433,500 $78,200 $355,300
2017 $10,034 $433,500 $78,200 $355,300
2016 $9,809 $412,500 $71,200 $341,300
2015 $9,426 $373,500 $71,200 $302,300
2014 $8,971 $373,500 $71,200 $302,300
2013 $8,274 $362,500 $71,200 $291,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1922779

South Central Wisconsin Multiple Listing Service

APN: 0709-131-0728-5