NOT LISTED FOR SALE

1220 Drake St Madison, WI 53715

Greenbush Neighborhood

Estimated Value: $453,614 - $514,000

4 Beds
2 Baths
2,000 Sq Ft
$240/Sq Ft Est. Value

Sale Details

Date Sold: October 15, 2018

Last sale price $800,000 $400 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $3,225 / mo

36 Days on Market

Highlights

  • 0.33 Acre Lot
  • Sun or Florida Room
  • Forced Air Heating System
  • Randall Elementary School Rated A
  • Water Softener is Owned
  • Dining Room

About This Home

As of October 2018

All three sold to one buyer Unique opportunity to purchase THREE adjacent properties near UW, Vilas Zoo and St Mary's Hospital. 1220, 1224, 1236 Drake Street are all for sale. They can be purchased as a group or individually. All have off street parking available. The first floor is currently rented through August 14, 2019. The second floor is currently rented through August 31st, 2019. All measurements are approximate. The property exteriors were painted in 2018.

Last Agent to Sell the Property

Robert Cox

South Central Non-Member License #17018-90 Listed on: 07/20/2018

Last Buyer's Agent

Robert Cox

South Central Non-Member License #17018-90 Listed on: 07/20/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,515

Year Built

  • Built in 1923

Lot Details

  • 14,375 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Poured Concrete
  • Stucco Exterior

Interior Spaces

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

Basement

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

Parking

  • 8 Open Parking Spaces
  • Driveway Level
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Water Softener is Owned

Community Details

  • 5 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 070922433275

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,515

Year Built

Built in 1923

Lot Details

0.33 Acres

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
  • Barrier Free: Level drive, Level lot
  • Items Excluded: Tenants personal items.
  • Items Included: 2 refrigerators, 2 stoves, water softner, washer, dryer
  • Miscellaneous: Shared laundry, Water Softener Owned
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard, Poured concrete foundatn
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Stucco

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 8

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.33
  • Zoning: TR-C3
  • Geo Subdivision: WI

Rental Info

  • Total Income: 22487

Tax Info

  • Net Taxes: 7515
  • Tax Year: 2017
  • Assessor Parcel Number: 070922433275

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of2 Bedrooms: 2
  • Number Of3 Bedrooms: 1
  • Number Of Units: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2018
Closed on
Oct 9, 2018
Sold by
Bought by
Seller's Agent
Robert Cox
South Central Non-Member
Buyer's Agent
Robert Cox
South Central Non-Member
List Price
$385,000
Sold Price
$800,000
Premium/Discount to List
$415,000
107.79%
Current Estimated Value
$480,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$319,346
Avg. Annual Appreciation
-6.33%
Original Mortgage
$640,000
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$800,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $898,000
Closed $640,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/15/2018 10/15/18 Sold $800,000 +107.8% $400 / Sq Ft
07/20/2018 07/20/18 For Sale $385,000 -- $193 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,267 $394,400 $114,800 $279,600
2023 $5,980 $332,000 $88,300 $243,700
2022 $12,362 $316,200 $84,100 $232,100
2021 $6,039 $284,900 $75,800 $209,100
2020 $5,960 $268,800 $75,800 $193,000
2019 $5,599 $251,700 $71,500 $180,200
2018 $5,733 $258,000 $66,200 $191,800
2017 $5,940 $258,000 $66,200 $191,800
2016 $5,647 $238,900 $61,300 $177,600
2015 $5,484 $225,200 $52,300 $172,900
2014 $5,378 $225,200 $52,300 $172,900
2013 $5,124 $210,500 $48,900 $161,600
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Robert Cox

    South Central Non-Member

    Section Image
See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1836938

South Central Wisconsin Multiple Listing Service

APN: 0709-224-3329-1

Wisconsin Dane County Madison 53715 Greenbush

1220 Drake St, Madison, WI

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.