NOT LISTED FOR SALE

1324 Drake St Madison, WI 53715

Greenbush Neighborhood

Estimated Value: $776,000 - $830,000

5 Beds
3 Baths
3,040 Sq Ft
$265/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2022

Last sale price $645,000 $212 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,404 / mo

5 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Family Room
  • Hamilton Middle School Rated A
  • Eat-In Kitchen
  • 3-minute walk to Bear Mound Park

About This Home

As of February 2022

Pristine all brick 3-flat in a 10/10 location across from Vilas Zoo/Park and steps to UW campus, Meriter, St. Mary’s and the Arboretum! Two 2 BR 1 bath units on the 1st and 2nd floors and a 1 BR 1 bath unit in the lower level with it’s own private entrance (1326 Drake St.). All apartments have been well cared for and updated in recent years. Lower level unit (1326 Drake St.) was redone in 2011 along with the roof and newer Trex deck and high efficiency boiler. These have great layouts, are in great condition and rent fast!

Last Agent to Sell the Property

Luke Lestikow

First Weber, Inc License #60063-94 Listed on: 01/07/2022

First Weber, Inc

Last Buyer's Agent

Laura Zirngible

EXP Realty, LLC License #89869-94

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,152

Year Built

  • Built in 1942

Lot Details

  • 6,011

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3-Story Property
  • Family Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Basement Windows

Parking

  • 1 Open Parking Space
  • Outside Parking

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Utilities

  • Radiant Heating System
  • Individual Controls for Heating
  • Separate Water Meter

Additional Features

  • Balcony
  • 6,011 Sq Ft Lot

Community Details

  • 3 Units
  • Vilas Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0709-224-3422-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,152

Year Built

Built in 1942

Lot Details

6,011 Sq Ft Lot

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Items Included: 3 refrigerators, 3 stoves, washer, dryer, all window coverings, water softener
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Partially finished, Poured concrete foundatn
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 1

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space, Outside
  • Utilities: Separate water meters

Schools

  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.138
  • Zoning: TR-C3
  • Geo Subdivision: WI

Rental Info

  • Total Income: 43380

Tax Info

  • Net Taxes: 9152
  • Tax Year: 2021
  • Assessor Parcel Number: 0709-224-3422-3

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 2
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2025
Sold by
Penner Jonathan L and Bendlin Barbara B
Bought by
Ramratnam Malati
Current Estimated Value
$805,651

Purchase Details

Listed on
Jan 7, 2022
Closed on
Feb 28, 2022
Sold by
Maryon Schulte
Bought by
Penner Jonathan L and Bendlin Barbara B
Seller's Agent
Luke Lestikow
First Weber, Inc
Buyer's Agent
Laura Zirngible
EXP Realty, LLC
List Price
$595,000
Sold Price
$645,000
Premium/Discount to List
$50,000
8.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%
Original Mortgage
$460,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2011
Sold by
Boyer Anita R
Bought by
Schulte David P and Schulte Maryon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.93%
Mortgage Type
Commercial
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
Ramratnam Malati $830,000 None Listed On Document
Penner Jonathan L $645,000 None Listed On Document
Schulte David P $300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Penner Jonathan L $460,000
Previous Owner Schulte David P $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2022 02/28/22 Sold $645,000 +8.4% $212 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $595,000 -7.8% $196 / Sq Ft
01/07/2022 01/07/22 Off Market $645,000 -- --
Source: South Central Wisconsin Multiple Listing Service

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
2025 $13,944 $752,300 $114,300 $638,000
2024 $24,270 $690,200 $114,300 $575,900
2023 $11,701 $645,000 $87,900 $557,100
2022 $19,416 $494,200 $83,700 $410,500
2021 $9,152 $429,700 $75,400 $354,300
2020 $9,575 $429,700 $75,400 $354,300
2019 $9,241 $413,200 $72,500 $340,700
2018 $8,784 $393,500 $67,100 $326,400
2017 $8,266 $357,700 $67,100 $290,600
2016 $8,087 $340,700 $62,100 $278,600
2015 $7,779 $309,000 $56,900 $252,100
2014 $7,408 $309,000 $56,900 $252,100
2013 $6,540 $300,000 $53,200 $246,800
Source: Public Records

Agents Affiliated with this Home

  • Luke Lestikow

    Seller's Agent in 2022

    Luke Lestikow

    First Weber, Inc

    (608) 215-0028

    2 in this area

    119 Total Sales

    Luke Lestikow
    Section Image

  • L

    Buyer's Agent in 2022

    Laura Zirngible

    EXP Realty, LLC

    (608) 669-8512

    1 in this area

    23 Total Sales

    Laura Zirngible
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1925872

South Central Wisconsin Multiple Listing Service

APN: 0709-224-3422-3

Wisconsin Dane County Madison 53715 Greenbush

1324 Drake St, Madison, WI

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