NOT LISTED FOR SALE

1224 Jenifer St Madison, WI 53703

Marquette Neighborhood

Estimated Value: $642,000 - $895,000

6 Beds
5 Baths
3,268 Sq Ft
$238/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $790,000 $242 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,991/month

22 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 5-minute walk to Orton Park
  • Marquette Elementary Rated A-

About This Home

As of August 2023

Four unit apartment building in the heart of all of the action. Current rent roll exceeds $75K annually and all four units have renewed. Just steps away from Willy Street Coop, restaurants, bars, coffee shops, bike paths, downtown Madison and more! Four off street parking spaces (two car garage + two uncovered). Under rented, but leased through August 2024. Leases Aug '23-'24 / Unit 1 (3BD) - $1,850, Unit 2 (Studio) - $900, Unit 3 (Studio) - $990, Unit 4 (3BD/2BA) - $2,600. Also available by same owner is 1040 Jenifer (3 unit) and 418 S Baldwin (3 unit).

Last Agent to Sell the Property

The Hub Team

The Hub Realty Listed on: 06/05/2023

Last Buyer's Agent

Kristine Jaeger

Sprinkman Real Estate License #69632-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,070

Year Built

  • Built in 1894

Lot Details

  • 4,356

Parking

  • 2 Covered Spaces

Home Design

  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House

Schools

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

Additional Features

  • 4,356 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 071007229183

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,070

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Items Excluded: Tenant's personal property
  • Items Included: All appliances, all washer(s)/dryer(s), all HVAC, water softener(s), water heater(s)
  • Year Built: 1894
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 1
  • Number Dryers: 2
  • Number Furnaces: 1
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Washers: 2
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Wood

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: 2 stall garage, Detached, 2 spaces

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: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 76080

Tax Info

  • Land Assessment: 81000
  • Improvements: 404000
  • Total Assessment: 485000
  • Assessment year: 2023
  • Net Taxes: 9070
  • Tax Year: 2022
  • Assessor Parcel Number: 071007229183

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Efficiencies: 2
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2023
Closed on
Aug 28, 2023
Sold by
Koltes Craig
Bought by
1224 Jenifer St Llc
Seller's Agent
The Hub Team
The Hub Realty
Buyer's Agent
Kristine Jaeger
Sprinkman Real Estate
List Price
$817,000
Sold Price
$790,000
Premium/Discount to List
-$27,000
-3.3%
Views
98
Current Estimated Value
$779,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,000
Avg. Annual Appreciation
3.63%
Original Mortgage
$632,000
Outstanding Balance
$621,182
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$227,151

Purchase Details

Closed on
May 1, 2019
Sold by
Christel Properties Llc
Bought by
Koltes Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2013
Sold by
Christel Karl P
Bought by
Christel Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
May 14, 2013
Sold by
Christel Properties Llc
Bought by
Christel Karl P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 2011
Sold by
Christel Karl P
Bought by
Christel Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
4.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2011
Sold by
Christel Properties Llc
Bought by
Christel Karl P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
4.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2005
Sold by
Christel Karl
Bought by
Christel Proeprties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1224 Jenifer St Llc $790,000 None Listed On Document
Koltes Craig $402,000 None Available
Christel Properties Llc -- Knight Barry Title Svcs Llc
Christel Karl P -- None Available
Christel Properties Llc -- None Available
Christel Karl P -- None Available
Christel Proeprties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1224 Jenifer St Llc $632,000
Previous Owner Koltes Craig $321,000
Previous Owner Christel Karl P $119,000
Previous Owner Christel Karl P $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2023 08/28/23 Sold $790,000 -3.3% $242 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $817,000 -- $250 / 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 $27,627 $785,000 $89,000 $696,000
2023 $8,777 $485,000 $81,000 $404,000
2021 $8,557 $402,000 $67,000 $335,000
2020 $8,953 $402,000 $66,700 $335,300
2019 $9,007 $402,800 $66,700 $336,100
2018 $8,566 $383,800 $66,700 $317,100
2017 $8,875 $383,800 $66,700 $317,100
2016 $8,689 $365,800 $60,700 $305,100
2015 $8,368 $331,800 $60,700 $271,100
2014 $7,961 $331,800 $60,700 $271,100
2013 $7,337 $321,800 $60,700 $261,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    The Hub Team

    The Hub Realty

    (608) 556-4400

    8 in this area

    249 Total Sales

    The Hub Team
    Section Image
  • Kristine Jaeger

    Buyer's Agent in 2023

    Kristine Jaeger

    Sprinkman Real Estate

    (608) 217-1919

    2 in this area

    86 Total Sales

    Kristine Jaeger
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1957206

South Central Wisconsin Multiple Listing Service

APN: 0710-072-2918-3

Wisconsin Dane County Madison 53703 Marquette

1224 Jenifer St, Madison, WI

This home is located at 1224 Jenifer St, Madison, WI 53703 since 05 June 2023 and is currently estimated at $779,000, approximately $238 per square foot. This property was built in 1894. 1224 Jenifer St 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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