NOT LISTED FOR SALE

Estimated Value: $450,530 - $463,000

6 Beds
4 Baths
2,878 Sq Ft
$158/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $263,400 $92 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,729/month

2 Days on Market

Highlights

  • 2 Car Attached Garage
  • Central Heating
  • Carpet
  • Cooling Available

About This Home

As of March 2020

Extremely rare duplex with 3 beds, 2 baths, 2 living areas, & 1 car garage in each unit! Conveniently located in the Neely's Bend area of Madison. Units need updating...once updated rents should be in the $1300-1500 range per unit. Selling the duplex AS IS.

Last Agent to Sell the Property

Daniel Green

Benchmark Realty, LLC License #300517 Listed on: 02/28/2020

Benchmark Realty, LLC

Last Buyer's Agent

Allyson Krebs

Synergy Real Estate Group, Inc. License # 302782

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,043

Year Built

  • Built in 1975

Lot Details

  • Lot Dimensions are 110 x 188

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Property has 2 Levels

Flooring

  • Carpet
  • Vinyl

Schools

  • Neelys Bend Middle School
  • Hunters Lane Comp High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $890
  • Assessor Parcel Number 05305001200

Community Details

Overview

  • 2 Units
  • Sequoia Valley Subdivision

Building Details

  • Operating Expense $1
  • Gross Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,043

Year Built

Built in 1975

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1975
  • Inclusions: APPLN,NOFUR
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 1755
  • Below Grade Sq Ft: 1123
  • Building Area Units: Square Feet
  • Living Area: 2878
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Attached - Rear
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: Rs10
  • Lot Size: 110 X 188
  • Lot Size Units: Acres
  • Parcel #: 05305001200
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 1
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2
  • Annual Operating Expense: 1
  • Total Actual Rent: 890

Tax Info

  • Tax Annual Amount: 2043

MLS Schools

  • Elementary School: Neelys Bend Middle School
  • High School: Hunters Lane Comp High School
  • Middle Or Junior School: Neelys Bend Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
Mar 31, 2020
Sold by
Shaub David L and Green Daniel R
Bought by
Cheyenne 12 Llc
Seller's Agent
Daniel Green
Benchmark Realty, LLC
Buyer's Agent
Allyson Krebs
Synergy Real Estate Group, Inc.
List Price
$269,900
Sold Price
$263,400
Premium/Discount to List
-$6,500
-2.41%
Current Estimated Value
$455,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,483
Avg. Annual Appreciation
10.76%
Original Mortgage
$210,720
Outstanding Balance
$187,882
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$270,878

Purchase Details

Closed on
Jan 31, 2019
Sold by
Shaub David L
Bought by
Shaub David L and Green Daniel R

Purchase Details

Closed on
Mar 5, 2008
Sold by
Chapman Michael and Chapman Mary Ruth
Bought by
Shaub David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,800
Interest Rate
5.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 30, 2001
Sold by
Burns James M and Burns Donna P
Bought by
Chapman Michael and Chapman Mary Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,600
Interest Rate
6.95%
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
Cheyenne 12 Llc $263,400 Chapman & Rosenthal Ttl Inc
Shaub David L -- Chapman & Rosenthal Title In
Shaub David L $176,000 Advantage Title & Escrow
Chapman Michael $129,500 Title Connection Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheyenne 12 Llc $210,720
Previous Owner Green Daniel R $1,157,250
Previous Owner Shaub David L $140,800
Previous Owner Chapman Michael D $50,000
Previous Owner Chapman Michael $17,550
Previous Owner Chapman Michael $103,600
Previous Owner Burns James Michael $83,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $263,400 -2.4% $92 / Sq Ft
03/01/2020 03/01/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $269,900 -- $94 / Sq Ft
Source: Realtracs

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 $3,171 $108,520 $26,600 $81,920
2023 $3,171 $108,520 $26,600 $81,920
2022 $3,171 $108,520 $26,600 $81,920
2021 $3,205 $108,520 $26,600 $81,920
2020 $2,809 $74,160 $12,800 $61,360
2019 $2,043 $74,160 $12,800 $61,360
2018 $2,043 $74,160 $12,800 $61,360
2017 $2,043 $74,160 $12,800 $61,360
2016 $2,040 $52,000 $10,800 $41,200
2015 $2,040 $52,000 $10,800 $41,200
2014 $2,040 $52,000 $10,800 $41,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2127017

Realtracs

APN: 053-05-0-012