NOT LISTED FOR SALE

1213 Gilson St Madison, WI 53715

Bay Creek Neighborhood

Estimated Value: $398,743 - $556,000

4 Beds
4 Baths
2,200 Sq Ft
$211/Sq Ft Est. Value

Last Sold September 22, 2021

Last sale price $315,000 $143 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,499/month

Highlights

  • Sun or Florida Room
  • Balcony
  • Property is near a bus stop
  • Hamilton Middle School Rated A
  • Eat-In Kitchen
  • 5-minute walk to Bernie's Beach

About This Home

As of September 2021

Delayed for photos till end July (subject to change). Great investment opportunity to own/owner occupy a 3-Unit near downtown Madison w great private location off Park St/Olin Ave, adjacent to Goodman Pool. Off street parking for 3+, with opportunity to add additional spaces to rent/generate additional income. Quiet neighborhood, long term tenants, new owner to decide future updates to rental units to increase income or operate as is.Leases renewed thru 8/2022 for both upper units; main level 2B/2Ba is avail 7/1 for new renter or owner-occupied. Main & 2nd floor rear apt both have nice sunrooms. Basement access from main level apt, with one washer/dryer and storage. Each unit has separate furnace, water heater & electric meter. Currently under fair market rents; Prop Mgt managed.

Last Agent to Sell the Property

Sue Romens

EXP Realty, LLC License #59246-90 Listed on: 05/13/2021

EXP Realty, LLC

Co-Listed By

Rachel Romens

EXP Realty, LLC License #59270-90

Last Buyer's Agent

Sue Romens

EXP Realty, LLC License #59246-90 Listed on: 05/13/2021

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,596

Year Built

  • Built in 1904

Lot Details

  • 6,098

Interior Spaces

  • 2-Story Property
  • Family Room
  • Dining Room
  • Sun or Florida Room
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • 6 Open Parking Spaces
  • Outside Parking

Schools

  • Call School District Elementary And Middle School
  • Call School District High School

Utilities

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

Additional Features

  • Balcony
  • 6,098 Sq Ft Lot
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 0709-264-0906-6

Community Details

Overview

  • 3 Units
  • Maple Courts Subdivision

Building Details

  • Net Operating Income $19,604

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,596

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story
  • Items Excluded: Sellers and Tenants' personal items
  • Items Included: See Addendum R.
  • Miscellaneous: Close to bus line, Water Softener Owned, Internet - Cable, Internet - DSL, Internet - Satellite/Dish
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Crawl space
  • Number Dryers: 1
  • Number Units W Ac: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 6

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space, 2 spaces, Outside
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 9298

Schools

  • Elementary School: Call School District
  • High School: Call School District
  • Middle School: Call School District
  • School District: Madison

Lot Info

  • Estimated Aces: 0.14
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 28903

Tax Info

  • Net Taxes: 4596
  • Tax Year: 2020
  • Assessor Parcel Number: 0709-264-0906-6

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of2 Bedrooms: 1
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Sep 22, 2021
Sold by
Stiemke Donald E
Bought by
Watson John
Seller's Agent
Sue Romens
EXP Realty, LLC
Buyer's Agent
Sue Romens
EXP Realty, LLC
List Price
$360,000
Sold Price
$315,000
Premium/Discount to List
-$45,000
-12.5%
Current Estimated Value
$464,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,936
Avg. Annual Appreciation
9.96%
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
Watson John $315,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2021 09/22/21 Sold $315,000 0.0% $143 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
05/17/2021 05/17/21 Off Market $315,000 -- --
05/13/2021 05/13/21 For Sale $360,000 -- $164 / 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 $12,639 $361,700 $48,600 $313,100
2023 $6,090 $338,000 $45,400 $292,600
2021 $4,388 $208,100 $38,200 $169,900
2020 $4,596 $208,100 $38,200 $169,900
2019 $4,615 $208,100 $38,200 $169,900
2018 $4,183 $189,200 $38,200 $151,000
2017 $4,335 $189,200 $38,200 $151,000
2016 $4,456 $189,200 $36,400 $152,800
2015 $4,503 $189,200 $36,400 $152,800
2014 $4,506 $189,200 $36,400 $152,800
2013 $4,081 $172,000 $33,100 $138,900
Source: Public Records

Agents Affiliated with this Home

  • Sue Romens

    Seller's Agent in 2021

    Sue Romens

    EXP Realty, LLC

    (608) 212-0829

    1 in this area

    77 Total Sales

    Sue Romens
    Section Image
  • Rachel Romens

    Seller Co-Listing Agent in 2021

    Rachel Romens

    EXP Realty, LLC

    (608) 445-0836

    1 in this area

    53 Total Sales

    Rachel Romens
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1909284

South Central Wisconsin Multiple Listing Service

APN: 0709-264-0906-6

Wisconsin Dane County Madison 53715 Bay Creek

1213 Gilson St, Madison, WI

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