NOT LISTED FOR SALE

1221 S Thompson Dr Madison, WI 53716

Elvehjem Neighborhood

Estimated Value: $456,000 - $509,658

6 Beds
4 Baths
2,730 Sq Ft
$177/Sq Ft Est. Value

Last Sold August 01, 2018

Last sale price $275,000 $101 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,030/month

2 Days on Market

Highlights

  • Balcony
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Fireplace
  • Property is near a bus stop
  • Dining Room

About This Home

As of August 2018

Great investment property. Unit 1221 is being left open for an owner occupant or can be rented prior to closing. Each unit has 3 bedroom, 1 1/2 baths, 1 car garage. Very easy to rent with large back yards, decks, fireplaces and lower level recreation room.

Last Agent to Sell the Property

Brian Spanos

Lakestone Properties License #50792-90 1474-9 Listed on: 06/21/2018

Last Buyer's Agent

John Valenza

Metro Brokers John Valenza Real Estate License #42304-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,834

Year Built

  • Built in 1980

Lot Details

  • 0.36

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • Fireplace
  • Family Room
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Windows

Parking

  • 2 Covered Spaces
  • Driveway Level

Schools

  • Elvehjem Elementary School
  • Sennett Middle School
  • Lafollette High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Separate Water Meter

Additional Features

  • Balcony
  • 0.36 Acre Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Net Operating Income $999

Listing and Financial Details

  • Assessor Parcel Number 0710-113-0525-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,834

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side
  • Barrier Free: Level drive
  • Miscellaneous: Close to bus line
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Finished
  • Number Dish Washers: 2
  • Number Units W Ac: 2

Exterior Features

  • Exterior: Aluminum/Steel, Brick

Garage/Parking

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

Utilities

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

Fee Information

  • Total Expenses: 999

Schools

  • Elementary School: Elvehjem
  • High School: Lafollette
  • Middle School: Sennett
  • School District: Madison

Lot Info

  • Estimated Aces: 0.36
  • Zoning: SR-C3

Rental Info

  • Total Income: 999

Tax Info

  • Net Taxes: 4834
  • Tax Year: 2017
  • Assessor Parcel Number: 0710-113-0525-0

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2022
Sold by
Alex Sterling
Bought by
Sterling Bradley M
Current Estimated Value
$484,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,750
Outstanding Balance
$288,342
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$195,823

Purchase Details

Listed on
Jun 21, 2018
Closed on
Aug 1, 2018
Sold by
Spanos Kim
Bought by
Sterling Alex
Seller's Agent
Brian Spanos
Lakestone Properties
Buyer's Agent
John Valenza
Metro Brokers John Valenza Real Estate
List Price
$279,900
Sold Price
$275,000
Premium/Discount to List
-$4,900
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.09%
Original Mortgage
$233,750
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2010
Sold by
1221 S Thompson Dr Llc
Bought by
Spanos Brian C

Purchase Details

Closed on
Nov 7, 2007
Sold by
Spanos Kim
Bought by
1221 S Thompson Dr Llc

Purchase Details

Closed on
Mar 13, 2007
Sold by
Colletti John J
Bought by
Spanos Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,800
Interest Rate
6.4%
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
Sterling Bradley M $325,000 None Listed On Document
Sterling Alex $275,000 Knight Barry Title
Spanos Brian C -- Dane County Title Company
Spanos Kim -- Dane County Title Company
1221 S Thompson Dr Llc -- None Available
Spanos Kim $181,000 None Available
Colletti John J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sterling Bradley M $308,750
Previous Owner Sterling Alex $233,750
Previous Owner Spanos Kim $144,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2018 08/01/18 Sold $275,000 -1.8% $101 / Sq Ft
06/21/2018 06/21/18 For Sale $279,900 -- $103 / 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 $15,582 $460,000 $92,800 $367,200
2023 $7,228 $418,200 $87,400 $330,800
2021 $6,744 $317,700 $77,200 $240,500
2020 $6,446 $288,800 $70,200 $218,600
2019 $6,124 $275,000 $66,900 $208,100
2018 $5,154 $232,300 $66,900 $165,400
2017 $4,835 $207,400 $60,800 $146,600
2016 $5,504 $188,500 $60,800 $127,700
2015 $3,018 $160,000 $60,800 $99,200
2014 $3,799 $160,000 $60,800 $99,200
2013 $3,863 $145,400 $60,800 $84,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Brian Spanos

    Lakestone Properties

    Section Image
  • John Valenza

    Buyer's Agent in 2018

    John Valenza

    Metro Brokers John Valenza Real Estate

    (608) 692-6616

    5 Total Sales

    John Valenza
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1834105

South Central Wisconsin Multiple Listing Service

APN: 0710-113-0525-0

Wisconsin Dane County Madison 53716 Elvehjem

1221 S Thompson Dr, Madison, WI

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