NOT LISTED FOR SALE

Estimated Value: $380,000 - $498,000

5 Beds
2 Baths
1,856 Sq Ft
$229/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $222,500 $120 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,614/month

5 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Accessible Full Bathroom
  • Vel Phillips Memorial High School Rated A
  • Accessible Bedroom
  • Bathroom on Main Level

About This Home

As of September 2019

Buy and start collecting money at less than 9x gross. Fantastic investment opportunity. Updated 2 unit with newer mechanicals, appliances, cabinets & flooring. Full separate basements with individual storage and private laundry. This building has been meticulously maintained and is move-in ready. Ideally located in a quiet neighborhood near public library, schools, shopping, golf & restaurants. Quick commute to down town & Epic with easy access to the Beltline. Great owner occupied opportunity. Unit 1301 will NOT be open. Other units at 1305-1315 will be open.

Last Agent to Sell the Property

Gerardo Jimenez

Sprinkman Real Estate License #52378-90 Listed on: 08/06/2019

Last Buyer's Agent

Jack Cheng

Real Broker LLC License #58233-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,453

Year Built

  • Built in 1971

Lot Details

  • 9,357 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • Bathroom on Main Level
  • 1-Story Property
  • Family Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • 4 Open Parking Spaces
  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Outdoor Features

  • Outdoor Storage

Schools

  • Anana Elementary School
  • Toki Middle School
  • Memorial High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter
  • Water Softener is Owned

Community Details

  • 2 Units
  • Meadowood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0708-364-0541-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,453

Year Built

Built in 1971

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, 1 story
  • Barrier Free: First floor bedroom, First floor full bath, Level drive, Level lot
  • Items Excluded: Sellers & tenants' personal property
  • Miscellaneous: Water Softener Owned
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Dryers: 2
  • Number Units W Ac: 2
  • Number Washers: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 4

Utilities

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

Fee Information

  • Total Expenses: 8688

Schools

  • Elementary School: Anana
  • High School: Memorial
  • Middle School: Toki
  • School District: Madison

Lot Info

  • Estimated Aces: 0.2148
  • Zoning: SR-C3

Rental Info

  • Total Income: 26040

Tax Info

  • Net Taxes: 4453
  • Tax Year: 2018
  • Assessor Parcel Number: 0708-364-0541-9

Multi Family

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

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2021
Sold by
Abd-Elsayed Alaa
Bought by
Alexandria Llc
Current Estimated Value
$423,235

Purchase Details

Listed on
Aug 6, 2019
Closed on
Sep 27, 2019
Sold by
1301-15 Loreen Llc
Bought by
Abd-Elsayed Alaa
Seller's Agent
Gerardo Jimenez
Sprinkman Real Estate
Buyer's Agent
Jack Cheng
Real Broker LLC
List Price
$224,500
Sold Price
$222,500
Premium/Discount to List
-$2,000
-0.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.78%
Original Mortgage
$166,875
Interest Rate
3.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Alexandria Llc -- None Available
Abd-Elsayed Alaa $222,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abd-Elsayed Alaa $166,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2019 09/27/19 Sold $222,500 -0.9% $120 / Sq Ft
08/11/2019 08/11/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $224,500 -- $121 / 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
2023 $6,077 $337,300 $100,900 $236,400
2022 $11,874 $303,900 $90,900 $213,000
2021 $5,547 $262,000 $78,400 $183,600
2020 $4,920 $222,500 $67,600 $154,900
2019 $4,520 $203,900 $67,600 $136,300
2018 $4,453 $198,000 $67,600 $130,400
2017 $3,844 $165,000 $67,600 $97,400
2016 $3,695 $151,400 $67,600 $83,800
2015 $3,316 $136,100 $67,600 $68,500
2014 $3,220 $136,100 $67,600 $68,500
2013 $4,368 $143,300 $65,600 $77,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1865232

South Central Wisconsin Multiple Listing Service

APN: 0708-364-0541-9