NOT LISTED FOR SALE

1212 Vilas Ave Unit 1 Madison, WI 53715

Greenbush Neighborhood

Estimated Value: $572,325 - $648,000

10 Beds
4 Baths
4,016 Sq Ft
$151/Sq Ft Est. Value

Last Sold June 26, 2023

Last sale price $2,075,000 $517 Per Sq Ft

Current estimated payment $4,659/month

43 Days on Market

Highlights

  • Balcony
  • Water Softener is Owned
  • Family Room
  • Hamilton Middle School Rated A
  • Forced Air Heating System
  • 4-minute walk to Bear Mound Park

About This Home

As of June 2023

Sold Comp. Portfolio Sale of the following addresses: 1212 Vilas Ave., 1615 Jefferson St., 1608 Madison St., 616-618 S. Mills. Four non-contiguous properties sold as a portfolio, totaling 10 units. Properties fully leased through August 2024. Several newer mechanicals and appliances. Some parking spots leased separately. Upside potential with football game parking and some below market rate rents.

Last Agent to Sell the Property

Brian Conne

First Weber, Inc License #81894-94 Listed on: 03/15/2023

First Weber, Inc

Last Buyer's Agent

Cheng Real Estat Group

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,972

Year Built

  • Built in 1911

Lot Details

  • 4,356

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Family Room
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Block Basement Construction

Parking

  • 7 Open Parking Spaces
  • 3 Covered Spaces

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Water Softener is Owned
  • High Speed Internet

Additional Features

  • Balcony
  • 4,356 Sq Ft Lot

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-224-3119-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,972

Year Built

Built in 1911

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
  • Items Excluded: Seller's personal property, Tenant's personal property
  • Items Included: Refrigerator x10, Stove/oven x10, Dishwasher x1, Washer x4, Dryer x4, Water Softener x4
  • Miscellaneous: Water Softener Owned, Internet - Cable, Internet - DSL
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Block foundation
  • Number Dish Washers: 1
  • Number Dryers: 4
  • Number Washers: 4
  • Number Water Softeners: 4

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 3
  • Parking Stalls Outside: 7

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Detached
  • Utilities: Separate elec meters

Schools

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

Lot Info

  • Estimated Aces: 0.1
  • Zoning: TR-C3
  • Geo Subdivision: WI

Rental Info

  • Total Income: 151620

Tax Info

  • Net Taxes: 39972
  • Tax Year: 2022
  • Assessor Parcel Number: 0709-224-3119-6

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 6
  • Number Of3 Bedrooms: 3
  • Number Of Units: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2023
Closed on
Jun 26, 2023
Sold by
Lessner Properties Llc
Bought by
Sponem Properties Llc
Seller's Agent
Brian Conne
First Weber, Inc
Buyer's Agent
Cheng Real Estat Group
Real Broker LLC
List Price
$2,240,000
Sold Price
$2,075,000
Premium/Discount to List
-$165,000
-7.37%
Current Estimated Value
$608,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,466,919
Avg. Annual Appreciation
-40.82%
Original Mortgage
$338,814
Outstanding Balance
$330,049
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$278,032
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
Sponem Properties Llc $505,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sponem Properties Llc $338,814
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2023 06/26/23 Sold $2,075,000 -7.4% $517 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $2,240,000 -- $558 / 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 $17,713 $505,000 $138,800 $366,200
2023 $9,442 $521,400 $106,800 $414,600
2021 $9,182 $431,100 $91,600 $339,500
2020 $8,890 $399,200 $91,600 $307,600
2019 $8,578 $383,800 $88,100 $295,700
2018 $7,852 $352,100 $81,600 $270,500
2017 $7,502 $323,000 $81,600 $241,400
2016 $7,136 $299,100 $75,600 $223,500
2015 $6,755 $268,800 $62,600 $206,200
2014 $6,434 $268,800 $62,600 $206,200
2013 $6,281 $268,800 $58,500 $210,300
Source: Public Records

Agents Affiliated with this Home

  • Brian Conne

    Seller's Agent in 2023

    Brian Conne

    First Weber, Inc

    (608) 291-3394

    1 in this area

    48 Total Sales

    Brian Conne
    Section Image

  • C

    Buyer's Agent in 2023

    Cheng Real Estat Group

    Real Broker LLC

    (608) 957-2683

    2 in this area

    407 Total Sales

    Cheng Real Estat Group
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1958832

South Central Wisconsin Multiple Listing Service

APN: 0709-224-3119-6

Wisconsin Dane County Madison 53715 Greenbush

1212 Vilas Ave Unit 1, Madison, WI

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