NOT LISTED FOR SALE

1250 Spaight St Madison, WI 53703

Marquette Neighborhood

Estimated Value: $918,000 - $968,000

9 Beds
3 Baths
4,204 Sq Ft
$225/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $678,000 $161 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $6,102/month

22 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Family Room
  • Marquette Elementary Rated A-
  • Dining Room
  • 4-minute walk to Orton Park

About This Home

As of October 2020

Historic 3-unit rental property with parking nestled in Madison's favorite Marquette neighborhood. High ceilings, original doors/trim and wood work. Very large basement with ample room to add additional square footage. Option to add a walkout second floor balcony and/or a laundry room on second floor. Fully leased building with updates. Walking distance to BB Clarke Beach, restaurants, bars, bike path, and more. Leases on file. Room sizes are estimates.

Last Agent to Sell the Property

Seth Pfaehler

The McGrady Group, LLC License #58575-90 Listed on: 08/08/2020

Co-Listed By

Matt McGrady

The McGrady Group, LLC License #53795-90

Last Buyer's Agent

Jon Vanden Brook

First Weber Inc License #58551-90

First Weber Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,297

Year Built

  • Built in 1899

Lot Details

  • 3,485 Sq Ft Lot

Interior Spaces

  • 3-Story Property
  • Family Room
  • Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Oven or Range

Parking

  • 2 Open Parking Spaces
  • On-Street Parking
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Controls for Heating

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-073-0431-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,297

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: Apartment building, 3 story
  • Items Excluded: Seller and Tenant personal items
  • Items Included: 3 Refrigerators, 3 Over/Ranges, Washer, Dryer, all window coverings
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Furnaces: 2
  • Number Refrigerators: 3
  • Number Stoves: 3
  • Number Washers: 1
  • 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: 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: 0.08
  • Zoning: HIS-TL

Rental Info

  • Total Income: 69600

Tax Info

  • Land Assessment: 100700
  • Improvements: 433300
  • Total Assessment: 534000
  • Assessment year: 2020
  • Net Taxes: 10297
  • Tax Year: 2019
  • Assessor Parcel Number: 0710-073-0431-5

Multi Family

  • Number Of3 Bedrooms: 3
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2022
Sold by
Zou and Yan
Bought by
Isthmus Properties Llc
Current Estimated Value
$947,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Outstanding Balance
$652,009
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$284,658

Purchase Details

Listed on
Aug 8, 2020
Closed on
Oct 30, 2020
Sold by
Heck Christopher A and Recker Living Trust
Bought by
Zou Haiqiang and Chen Yan
Seller's Agent
Seth Pfaehler
The McGrady Group, LLC
Buyer's Agent
Jon Vanden Brook
First Weber Inc
List Price
$690,000
Sold Price
$678,000
Premium/Discount to List
-$12,000
-1.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$508,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2017
Sold by
Recker Clifford A and Recker Kim K
Bought by
Recker Clifford A and Recker Living Trust

Purchase Details

Closed on
Mar 21, 2017
Sold by
Diloreto Michael J
Bought by
Heck Christopher A and Recker Clifford A

Purchase Details

Closed on
Jan 30, 2008
Sold by
Jerome J Shimek Revocable Trust
Bought by
Diloreto Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.11%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 11, 2007
Sold by
Shimek Jerome J
Bought by
Jerome J Shimek Revocable Trust
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
Isthmus Properties Llc $850,000 None Listed On Document
Zou Haiqiang $678,000 None Available
Recker Clifford A -- --
Heck Christopher A -- None Available
Diloreto Michael J $310,000 None Available
Jerome J Shimek Revocable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Isthmus Properties Llc $680,000
Previous Owner Zou Haiqiang $508,500
Previous Owner Diloreto Michael J $50,000
Previous Owner Diloreto Michael J $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $678,000 +0.4% $161 / Sq Ft
08/16/2020 08/16/20 Price Changed $675,000 -2.2% $161 / Sq Ft
08/09/2020 08/09/20 For Sale $690,000 +1.8% $164 / Sq Ft
08/08/2020 08/08/20 Off Market $678,000 -- --
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 $29,390 $850,000 $112,000 $738,000
2023 $15,120 $850,000 $112,000 $738,000
2021 $13,901 $664,700 $106,700 $558,000
2020 $11,725 $534,000 $100,700 $433,300
2019 $10,297 $469,700 $91,500 $378,200
2018 $9,807 $447,300 $91,500 $355,800
2017 $9,284 $399,400 $83,900 $315,500
2016 $8,666 $363,100 $77,000 $286,100
2015 $8,587 $363,100 $68,500 $294,600
2014 $8,588 $363,100 $68,500 $294,600
2013 $8,102 $349,100 $65,900 $283,200
Source: Public Records

Agents Affiliated with this Home

  • Seth Pfaehler

    Seller's Agent in 2020

    Seth Pfaehler

    The McGrady Group, LLC

    (608) 338-4812

    6 in this area

    452 Total Sales

    Seth Pfaehler
    Section Image
  • Matt McGrady

    Seller Co-Listing Agent in 2020

    Matt McGrady

    The McGrady Group, LLC

    (608) 772-3640

    6 in this area

    357 Total Sales

    Matt McGrady
    Section Image
  • Jon Vanden Brook

    Buyer's Agent in 2020

    Jon Vanden Brook

    First Weber Inc

    (608) 234-1824

    1 in this area

    77 Total Sales

    Jon Vanden Brook
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1890445

South Central Wisconsin Multiple Listing Service

APN: 0710-073-0431-5

Wisconsin Dane County Madison 53703 Marquette

1250 Spaight St, Madison, WI

This home is located at 1250 Spaight St, Madison, WI 53703 since 08 August 2020 and is currently estimated at $947,667, approximately $225 per square foot. This property was built in 1899. 1250 Spaight 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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