NOT LISTED FOR SALE

1217 Spaight St Unit 2 Madison, WI 53703

Marquette Neighborhood

Estimated Value: $559,000 - $675,000

5 Beds
3 Baths
2,400 Sq Ft
$254/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $527,000 $220 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,841/month

193 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Forced Air Heating System
  • Marquette Elementary Rated A-
  • Property is near a bus stop
  • 3-minute walk to Orton Park

About This Home

As of March 2023

Fantastic investment opportunity! This lovely two unit is in a prime location; close to downtown, Lake Monona, the co-op and steps from Orton Park. Both units are spacious, well maintained, boast original woodwork, loads of updates, off street parking and newer mechanicals. Both units have a great rental history and are likely under rented due to long term tenants. This home has a cool East Side flair and will wow you!

Last Agent to Sell the Property

Sue Janowitsch

Restaino & Associates License #53945-90 Listed on: 08/07/2022

Restaino & Associates

Co-Listed By

Rene Caminata

Restaino & Associates License #60213-90 1050-9

Last Buyer's Agent

Erin Neises

Keller Williams Realty License #95053-94

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,184

Year Built

  • Built in 1899

Lot Details

  • 4,356

Home Design

  • Duplex

Interior Spaces

  • Vaulted Ceiling
  • Family Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Basement

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

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Controls for Heating
  • High Speed Internet

Additional Features

  • 4,356 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-073-0511-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,184

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Items Excluded: Personal property of Seller and Tenants
  • Items Included: 2 range/ovens, 2 refrigerators, 2 washers, 2 dryers, 1 water softener, 1 dishwasher
  • Miscellaneous: Close to bus line, Internet - Cable
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Block foundation
  • Number Dish Washers: 1
  • Number Dryers: 2
  • Number Furnaces: 2
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 2
  • Number Water Heaters: 2

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 2

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.1
  • Zoning: res
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 128700
  • Improvements: 421700
  • Total Assessment: 550400
  • Assessment year: 2022
  • Net Taxes: 11184
  • Tax Year: 2021
  • Assessor Parcel Number: 0710-073-0511-5

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2022
Closed on
Mar 10, 2023
Sold by
Eldridge Kerry
Bought by
Davis Brian M and Davis Emmalee G
Seller's Agent
Sue Janowitsch
Restaino & Associates
Buyer's Agent
Erin Neises
Keller Williams Realty
List Price
$574,900
Sold Price
$527,000
Premium/Discount to List
-$47,900
-8.33%
Total Days on Market
193
Views
231
Current Estimated Value
$609,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,043
Avg. Annual Appreciation
6.61%
Original Mortgage
$421,800
Outstanding Balance
$410,908
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$198,135

Purchase Details

Closed on
Apr 2, 2010
Sold by
Dnpg/Marquette Llc
Bought by
Eldridge Kerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,200
Interest Rate
4.96%
Mortgage Type
New Conventional
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
Davis Brian M $527,000 --
Eldridge Kerry $334,000 Wisconsin Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Brian M $421,800
Previous Owner Eldridge Kerry $253,000
Previous Owner Eldridge Kerry $267,200
Previous Owner Eldridge Kerry $39,914
Previous Owner Dnpg/Marquette Llc $284,000
Previous Owner Dnpg Marquette Llc $304,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $527,000 -8.3% $220 / Sq Ft
02/16/2023 02/16/23 For Sale $574,900 0.0% $240 / Sq Ft
02/16/2023 02/16/23 Pending -- -- --
11/19/2022 11/19/22 Price Changed $574,900 -3.4% $240 / Sq Ft
10/11/2022 10/11/22 Price Changed $594,900 -4.8% $248 / Sq Ft
09/08/2022 09/08/22 Price Changed $624,900 -3.8% $260 / Sq Ft
08/11/2022 08/11/22 For Sale $649,900 +23.3% $271 / Sq Ft
08/10/2022 08/10/22 Off Market $527,000 -- --
08/07/2022 08/07/22 For Sale $649,900 -- $271 / 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 $18,492 $527,000 $139,000 $388,000
2023 $10,475 $577,900 $139,000 $438,900
2021 $11,184 $524,200 $128,700 $395,500
2020 $10,827 $485,400 $121,400 $364,000
2019 $10,058 $449,400 $110,400 $339,000
2018 $9,561 $428,000 $110,400 $317,600
2017 $8,835 $382,100 $101,300 $280,800
2016 $8,248 $347,400 $92,900 $254,500
2015 $8,334 $347,400 $80,400 $267,000
2014 $8,339 $347,400 $80,400 $267,000
2013 $7,618 $334,000 $80,400 $253,600
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Sue Janowitsch

    Restaino & Associates

    (608) 513-9635

    2 in this area

    83 Total Sales

    Sue Janowitsch
    Section Image

  • R

    Seller Co-Listing Agent in 2023

    Rene Caminata

    Restaino & Associates

    (608) 239-7711

    3 in this area

    30 Total Sales

    Rene Caminata
    Section Image
  • Erin Neises

    Buyer's Agent in 2023

    Erin Neises

    Keller Williams Realty

    (608) 445-2780

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1941258

South Central Wisconsin Multiple Listing Service

APN: 0710-073-0511-5

Wisconsin Dane County Madison 53703 Marquette

1217 Spaight St Unit 2, Madison, WI

This home is located at 1217 Spaight St Unit 2, Madison, WI 53703 since 07 August 2022 and is currently estimated at $609,043, approximately $253 per square foot. This property was built in 1899. 1217 Spaight St Unit 2 is a home located in Dane County with nearby schools including Marquette Elementary, O'Keeffe Middle, and East 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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