NOT LISTED FOR SALE

121 Parkway Dr Mount Horeb, WI 53572

Estimated Value: $524,000

6 Beds
6 Baths
3,738 Sq Ft
$140/Sq Ft Est. Value

Last Sold September 06, 2019

Last sale price $385,000 $103 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,535/month

48 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Entrance Foyer
  • Mount Horeb Intermediate School Rated A-
  • Balcony
  • Accessible Full Bathroom

About This Home

As of September 2019

Great investment property in a great location with easy highway access and situated in a popular section of Mount Horeb near many popular destinations such as a park, Military Ridge Trail and Mt Horeb's walkable downtown. This building has a good rental history and recent updates including some flooring, paint & new appliances. Tenants pay their own utilities and have plenty of storage in these townhouse style units. Prior owner believed to have replaced roof approx 11 years ago as well as some windows. This would be a great owner-occupied property! Potential to split to zero-lot line units. Mount Horeb is just a short drive to Madison with plenty of activities and shops.

Last Agent to Sell the Property

Nancy Smith

First Weber Inc License #52737-90 Listed on: 05/31/2019

First Weber Inc

Last Buyer's Agent

Luke Lestikow

First Weber, Inc License #60063-94

First Weber, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,995

Year Built

  • Built in 1986

Lot Details

  • 0.38

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • Walk-in Shower
  • 2-Story Property
  • Open Floorplan
  • Entrance Foyer
  • Family Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Windows

Parking

  • Garage
  • Garage Door Opener
  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Low Pile Carpeting

Schools

  • Mount Horeb Elementary And Middle School
  • Mount Horeb High School

Utilities

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

Additional Features

  • Balcony
  • 0.38 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 0606-114-6438-9

Community Details

Overview

  • 3 Units
  • Buechner, First Add'n Subdivision

Building Details

  • Net Operating Income $26,425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,995

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Municipality: Mount Horeb
  • Status Detail: Sold
  • Mailing City: Mount Horeb
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story, Townhouse style units
  • Barrier Free: Open floor plan, First floor full bath, Stall shower, Level drive, Width of hallways 36"+, Door openings 29" or more, Low pile or no carpeting
  • Items Excluded: Personal property of tenants.
  • Items Included: 3 stoves, 3 refrigerators, 3 microwaves, 3 dishwashers, 3 water softeners, 2 clothes washers, 2 clothes dryers, 3 garage opener remotes.
  • Miscellaneous: Water Softener Owned
  • Noi Year: 2018
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Walkout to yard, Finished, Poured concrete foundatn
  • Number Dish Washers: 3
  • Number Dryers: 2
  • Number Refrigerators: 3
  • Number Stoves: 3
  • Number Units W Ac: 3
  • Number Washers: 2
  • Number Water Heaters: 3
  • Number Water Softeners: 3

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Parking Stalls Inside: 3
  • Parking Stalls Outside: 3

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Attached, Outside, Opener inc
  • Utilities: Separate elec meters, Separate water meters

Fee Information

  • Total Expenses: 8675

Schools

  • School District: Mount Horeb
  • Elementary School: Mount Horeb
  • Middle School: Mount Horeb
  • High School: Mount Horeb
  • Elementary School: Mount Horeb
  • High School: Mount Horeb
  • Middle School: Mount Horeb
  • School District: Mount Horeb

Lot Info

  • Estimated Aces: 0.38
  • Zoning: R-3 MF
  • Geo Subdivision: WI

Rental Info

  • Total Income: 35100

Tax Info

  • Land Assessment: 142800
  • Improvements: 211200
  • Total Assessment: 354000
  • Assessment year: 2018
  • Net Taxes: 6995
  • Tax Year: 2018
  • Assessor Parcel Number: 0606-114-6438-9

Multi Family

  • Number Of2 Bedrooms: 3
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2018
Sold by
Heim Chad P and Miner Trust
Bought by
121 Parkway Llc
Current Estimated Value
$524,000

Purchase Details

Listed on
Dec 20, 2017
Closed on
Feb 27, 2018
Sold by
Shatz Rolf and Schatz Gudrun
Bought by
Hein Chad
Seller's Agent
Heidi Kopras
Restaino & Associates
Buyer's Agent
Randy Lenz
NextHome Metro
List Price
$360,000
Sold Price
$354,000
Premium/Discount to List
-$6,000
-1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2005
Sold by
Iem Jason
Bought by
Schmitz Tonia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,700
Interest Rate
6.01%
Mortgage Type
Future Advance Clause Open End Mortgage
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
121 Parkway Llc -- None Available
Heim Chad P -- None Available
Hein Chad -- --
Schmitz Tonia S $103,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hein Chad $258
Previous Owner Schmitz Tonia S $92,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2019 09/06/19 Sold $385,000 0.0% $103 / Sq Ft
07/18/2019 07/18/19 Pending -- -- --
06/28/2019 06/28/19 Off Market $385,000 -- --
05/31/2019 05/31/19 For Sale $399,900 +13.0% $107 / Sq Ft
02/27/2018 02/27/18 Sold $354,000 -1.7% $95 / Sq Ft
12/29/2017 12/29/17 For Sale $360,000 +1.7% $96 / Sq Ft
12/23/2017 12/23/17 Off Market $354,000 -- --
12/20/2017 12/20/17 For Sale $360,000 -- $96 / 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 $8,160 $514,500 $142,800 $371,700
2023 $7,856 $514,500 $142,800 $371,700
2021 $7,263 $354,000 $142,800 $211,200
2020 $7,079 $354,000 $142,800 $211,200
2019 $7,152 $354,000 $142,800 $211,200
2018 $6,995 $354,000 $142,800 $211,200
2017 $7,514 $353,400 $86,600 $266,800
2016 $6,907 $353,400 $86,600 $266,800
2015 $6,528 $353,400 $86,600 $266,800
2014 $6,808 $353,400 $86,600 $266,800
2013 $6,805 $353,400 $86,600 $266,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1859215

South Central Wisconsin Multiple Listing Service

APN: 0606-114-6438-9