NOT LISTED FOR SALE

1321 S Thompson Dr Madison, WI 53716

Elvehjem Neighborhood

Estimated Value: $552,125

6 Beds
4 Baths
2,556 Sq Ft
$216/Sq Ft Est. Value

Sale Details

Date Sold: January 2, 2026

Last sale price $530,000 $207 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,968 / mo

3 Days on Market

Highlights

  • Wood Flooring
  • Attached Garage
  • Forced Air Heating and Cooling System
  • Fireplace
  • Eat-In Kitchen
  • Family Room

About This Home

As of January 2026

Showings begin 11/22. Great opportunity to own a well-maintained duplex in East Madison’s Sunrise Meadows neighborhood, close to parks and Elvehjem Elementary. One unit is vacant and the other is rented month-to-month, allowing immediate rental income or owner-occupancy. Current rent is well below market, creating strong upside potential. Estimated market rent is $2,545 per side, $5,090 total/month. Each unit offers 1,278 sq ft, an open layout, fireplace, attached 1-car garage, and finished lower level. Spacious yards and private entrances enhance livability. Perfect for house hacking or adding to your investment portfolio. Separate utilities already in place. Ideal for long-term income or short-term value add. A rare find with cash flow potential from day one in a desirable location with

Last Agent to Sell the Property

Dan Chin Homes Team

Real Broker LLC Brokerage Phone: 608-620-4177 Listed on: 11/14/2025

Real Broker LLC

Last Buyer's Agent

Jacob Meir

EXP Realty, LLC License #96475-94

EXP Realty, LLC
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,424

Year Built

  • Built in 1980

Lot Details

  • 15,725 Sq Ft Lot

Parking

  • Attached Garage

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • Fireplace
  • Family Room
  • Wood Flooring
  • Partially Finished Basement
  • Basement Windows

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Laundry

  • Laundry in unit
  • Washer and Dryer

Schools

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

Utilities

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

Community Details

  • 2 Units
  • Sunrise Meadows Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0710-113-0533-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,424

Year Built

Built in 1980

Lot Details

0.36 Acres

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side
  • Items Excluded: Seller's Personal Property
  • Items Included: See Addendum R
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full size windows/Exposed, Partially finished
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Units W Ac: 2
  • Number Washers: 1
  • Number Water Softeners: 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, Attached
  • Utilities: Separate elec meters, Separate gas meters

Schools

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

Lot Info

  • Estimated Aces: 0.361
  • Zoning: SR-C3

Rental Info

  • Total Income: 38580

Tax Info

  • Net Taxes: 9424
  • Tax Year: 2024
  • Assessor Parcel Number: 0710-113-0533-3

Multi Family

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2025
Closed on
Jan 2, 2026
Sold by
Bought by
Seller's Agent
Dan Chin Homes Team
Real Broker LLC
Buyer's Agent
Jacob Meir
EXP Realty, LLC
List Price
$525,000
Sold Price
$530,000
Premium/Discount to List
$5,000
0.95%
Views
7
Current Estimated Value
$552,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,125
Avg. Annual Appreciation
7.31%
Original Mortgage
$480,000
Outstanding Balance
$477,237
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$74,888

Purchase Details

Listed on
Oct 9, 2020
Closed on
Nov 20, 2020
Sold by
Bought by
Seller's Agent
Jason Brakmanis
Realty 2.0
Buyer's Agent
Jason Brakmanis
Realty 2.0
List Price
$325,000
Sold Price
$325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.02%
Original Mortgage
$276,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,600
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Elvehjem, WI

  • Matt Silvern Real Estate Agent - Restaino & Associates

    Matt Silvern

    Restaino & Associates

    (608) 292-3489

    64 Total Sales

    1 in Elvehjem

    $370,000 Price

    Matt Silvern
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  • Jon Vanden Brook Real Estate Agent - First Weber Inc

    Jon Vanden Brook

    First Weber Inc

    (608) 292-3462

    61 Total Sales

    2 in Elvehjem

    $289K - $405K Price Range

    Jon Vanden Brook
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  • Lisa Avila Real Estate Agent - Home Pros

    Lisa Avila

    Responds Quickly

    Home Pros

    (608) 888-0247

    54 Total Sales

    1 in Elvehjem

    $340,000 Price

    Lisa Avila
     Section Image
  • Matt Deadman Real Estate Agent - Real Broker LLC

    Matt Deadman

    Real Broker LLC

    (608) 292-3702

    181 Total Sales

    1 in Elvehjem

    $365,000 Price

    Matt Deadman
     Section Image
  • Joseph Pechauer Real Estate Agent - CMI Brokers, LLC

    Joseph Pechauer

    Responds Quickly

    CMI Brokers, LLC

    (608) 292-5796

    11 Total Sales

    1 in Elvehjem

    $525,000 Price

    Joseph Pechauer
     Section Image
  • Erica Thompson Colstad Real Estate Agent - Stark Company, REALTORS

    Erica Thompson Colstad

    Stark Company, REALTORS

    (608) 292-2528

    75 Total Sales

    1 in Elvehjem

    $465,000 Price

    Erica Thompson Colstad
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$530,000 1848 Closing Services Llc
$325,000 None Available
$255,000 Nations Title
$222,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $480,000
Closed $276,250
Previous Owner $204,000
Previous Owner $177,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/02/2026 01/02/26 Sold $530,000 +1.0% $207 / Sq Ft
11/20/2025 11/20/25 For Sale $525,000 0.0% $205 / Sq Ft
11/20/2025 11/20/25 Price Changed $525,000 -0.9% $205 / Sq Ft
11/14/2025 11/14/25 Off Market $530,000 -- --
11/20/2020 11/20/20 Sold $325,000 0.0% $114 / Sq Ft View Prior Sale
10/15/2020 10/15/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $325,000 -- $114 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $11,136 $487,300 $92,800 $394,500
2024 $18,850 $443,000 $92,800 $350,200
2023 $7,546 $402,700 $87,400 $315,300
2022 $15,780 $350,500 $77,200 $273,300
2021 $7,340 $324,500 $77,200 $247,300
2020 $5,938 $267,800 $70,200 $197,600
2019 $5,673 $255,000 $66,900 $188,100
2018 $5,149 $232,100 $66,900 $165,200
2017 $5,462 $207,200 $60,800 $146,400
2016 $5,141 $188,400 $60,800 $127,600
2015 $4,350 $179,300 $60,800 $118,500
2014 $4,266 $179,300 $60,800 $118,500
2013 $4,782 $179,300 $60,800 $118,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2026

    Dan Chin Homes Team

    Real Broker LLC

    (608) 268-0831

    10 in this area

    1,215 Total Sales

    Dan Chin Homes Team
    Section Image

  • J

    Buyer's Agent in 2026

    Jacob Meir

    EXP Realty, LLC

    (608) 577-4603

    2 in this area

    26 Total Sales

    Jacob Meir
    Section Image
  • Jason Brakmanis Real Estate Agent - Realty 2.0

    Seller's Agent in 2020

    Jason Brakmanis

    Realty 2.0

    (608) 354-8559

    3 in this area

    43 Total Sales

    Jason Brakmanis
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 2012546

South Central Wisconsin Multiple Listing Service

APN: 0710-113-0533-3

Wisconsin Dane County Madison 53716 Elvehjem

1321 S Thompson Dr, Madison, WI

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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