NOT LISTED FOR SALE

1208 Drake St Unit 1 Madison, WI 53715

Greenbush Neighborhood

Estimated Value: $860,000 - $1,015,000

2 Beds
2 Baths
1,250 Sq Ft
$733/Sq Ft Est. Value

Last Sold August 15, 2017

Last sale price $245,000 $196 Per Sq Ft

Est. 274% increase in value since last sale

Current estimated payment $7,190/month

135 Days on Market

Highlights

  • Balcony
  • Eat-In Kitchen
  • Property is near a bus stop
  • Hamilton Middle School Rated A

About This Home

As of August 2017

Tour this vintage two flat in the Vilas neighborhood. Owner maintained, new roof and updates over the last couple years. Property perfect for future owner occupied or future conversion to single family. Rent figures include approximately $1200 for football parking.

Last Agent to Sell the Property

Jeff Slinde

Slinde Realty Company License #57636-94 Listed on: 08/20/2016

Last Buyer's Agent

Doug Noot

EXP Realty, LLC License #52645-90

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,580

Year Built

  • Built in 1894

Lot Details

  • 6,970

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

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

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Schools

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

Additional Features

  • Balcony
  • 6,970 Sq Ft Lot
  • Property is near a bus stop
  • Radiant Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-224-3332-4

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,580

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Miscellaneous: Close to bus line
  • Noi Year: 2016
  • Year Built: 1894
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 1
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Detached

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: 0.16
  • Zoning: TR-C3
  • Geo Subdivision: WI

Rental Info

  • Total Income: 19800

Tax Info

  • Land Assessment: 107900
  • Improvements: 139800
  • Total Assessment: 247700
  • Assessment year: 2016
  • Net Taxes: 5580
  • Tax Year: 2015
  • Assessor Parcel Number: 0709-224-3332-4

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2016
Closed on
Aug 15, 2017
Sold by
Thompson Clinton S and Thompson Cara Kugle
Bought by
Salin Richard A and Salin Jennifer K
Seller's Agent
Jeff Slinde
Slinde Realty Company
Buyer's Agent
Doug Noot
EXP Realty, LLC
List Price
$269,900
Sold Price
$245,000
Premium/Discount to List
-$24,900
-9.23%
Current Estimated Value
$916,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$671,751
Avg. Annual Appreciation
17.74%
Original Mortgage
$183,750
Interest Rate
3.96%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 4, 2009
Sold by
Group Equity Investments Llp
Bought by
Thompson Clinton S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,160
Interest Rate
5.27%
Mortgage Type
FHA
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
Salin Richard A $245,000 None Available
Thompson Clinton S $212,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salin Richard A $466,000
Closed Richard & Jennifer Salim Revocable Trust $468,000
Closed Salin Richard A $534,650
Closed Salin Richard A $183,750
Previous Owner Thompson Clinton S $210,426
Previous Owner Thompson Clinton S $208,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2017 08/15/17 Sold $245,000 -9.2% $196 / Sq Ft
01/02/2017 01/02/17 Pending -- -- --
08/20/2016 08/20/16 For Sale $269,900 -- $216 / 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 $26,795 $761,500 $202,000 $559,500
2023 $12,566 $692,300 $155,400 $536,900
2021 $14,088 $659,300 $133,300 $526,000
2020 $13,896 $622,000 $133,300 $488,700
2019 $13,117 $585,000 $125,800 $459,200
2018 $3,492 $158,500 $116,500 $42,000
2017 $6,162 $267,500 $116,500 $151,000
2016 $5,896 $247,700 $107,900 $139,800
2015 $5,580 $216,000 $89,300 $126,700
2014 $5,155 $216,000 $89,300 $126,700
2013 $4,999 $216,000 $83,500 $132,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jeff Slinde

    Slinde Realty Company

    Section Image
  • Doug Noot

    Buyer's Agent in 2017

    Doug Noot

    EXP Realty, LLC

    (608) 663-8323

    1 in this area

    147 Total Sales

    Doug Noot
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1784742

South Central Wisconsin Multiple Listing Service

APN: 0709-224-3332-4

Wisconsin Dane County Madison 53715 Greenbush

1208 Drake St Unit 1, Madison, WI

This home is located at 1208 Drake St Unit 1, Madison, WI 53715 since 20 August 2016 and is currently estimated at $916,751, approximately $733 per square foot. This property was built in 1894. 1208 Drake St Unit 1 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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