NOT LISTED FOR SALE

1344 Morrison St Unit 1 Madison, WI 53703

Marquette Neighborhood

Estimated Value: $703,000 - $859,000

3 Beds
3 Baths
2,466 Sq Ft
$302/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $435,000 $176 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,642/month

16 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Bedroom
  • Detached Garage
  • Marquette Elementary Rated A-
  • Balcony
  • 3-minute walk to Morrison Park

About This Home

As of October 2016

No showing until 8/27. Extensively renovated 2 unit rental property located in the heart of one of Madison's most desirable neighborhoods. Lower level features a 2 BR, 1 BA apartment with a large living area, gas fireplace and a modern kitchen. Upper level features a large deck, sunroom with Lake Monona view, fireplace, loft suite with full bathroom, walk in closet, and washer/dryer. Rear patio & 2 car garage w/ storage area. Room for 3rd car. Separately metered gas, electric and water. Owner occupied for the last 3 years prior to current leases. Shared drive with 1346 Morrison (see #1784783)

Last Agent to Sell the Property

Michael Metzger

McGrath Property Group, LLC License #56657-90 Listed on: 08/23/2016

Last Buyer's Agent

Michael Metzger

McGrath Property Group, LLC License #56657-90 Listed on: 08/23/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,222

Year Built

  • Built in 1903

Lot Details

  • 4,356

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Fireplace
  • Family Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level
  • Walk-in Shower

Parking

  • Detached Garage
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Handicap Shower
  • Accessible Bedroom

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-073-0224-4

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,222

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Barrier Free: Open floor plan, First floor bedroom, First floor full bath, Stall shower
  • Year Built: 1903
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 3
  • Number Units W Ac: 2
  • Number Washers: 3
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Detached, 1 space, Outside
  • Utilities: Separate elec meters, Separate gas meters

Schools

  • Elementary School: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 42600

Tax Info

  • Net Taxes: 6222
  • Tax Year: 2015
  • Assessor Parcel Number: 0710-073-0224-4

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2016
Closed on
Oct 21, 2016
Sold by
Metzger Derek C and Lange Annika T
Bought by
Jacobs Cooperage Llc
Seller's Agent
Michael Metzger
McGrath Property Group, LLC
Buyer's Agent
Michael Metzger
McGrath Property Group, LLC
List Price
$469,000
Sold Price
$435,000
Premium/Discount to List
-$34,000
-7.25%
Current Estimated Value
$745,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,301
Avg. Annual Appreciation
6.02%
Original Mortgage
$326,250
Outstanding Balance
$261,716
Interest Rate
3.48%
Mortgage Type
Commercial
Estimated Equity
$483,585

Purchase Details

Listed on
Jun 27, 2011
Closed on
Jun 29, 2012
Sold by
Pressentin Gary G
Bought by
Metzger Derek C and Lange Annika T
Seller's Agent
Shelly Sprinkman
Sprinkman Real Estate
Buyer's Agent
Michael Metzger
McGrath Property Group, LLC
List Price
$350,000
Sold Price
$230,000
Premium/Discount to List
-$120,000
-34.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.90%
Original Mortgage
$184,000
Interest Rate
3.64%
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
Jacobs Cooperage Llc $435,000 First American Title
Metzger Derek C $230,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobs Cooperage Llc $326,250
Previous Owner Metzger Derek C $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2016 10/21/16 Sold $435,000 -7.2% $176 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
08/23/2016 08/23/16 For Sale $469,000 +103.9% $190 / Sq Ft
06/29/2012 06/29/12 Sold $230,000 -34.3% $92 / Sq Ft View Prior Sale
05/09/2012 05/09/12 Pending -- -- --
06/27/2011 06/27/11 For Sale $350,000 -- $140 / 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 $10,441 $573,800 $135,400 $438,400
2022 $21,489 $546,500 $135,400 $411,100
2021 $11,104 $520,500 $135,400 $385,100
2020 $11,591 $519,400 $127,700 $391,700
2019 $10,768 $480,900 $116,100 $364,800
2018 $10,237 $458,000 $116,100 $341,900
2017 $10,069 $435,000 $106,500 $328,500
2016 $6,158 $260,200 $97,700 $162,500
2015 $6,222 $260,200 $84,600 $175,600
2014 $6,226 $260,200 $84,600 $175,600
2013 $5,556 $242,400 $84,600 $157,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Michael Metzger

    McGrath Property Group, LLC

    (608) 298-6998

    1 in this area

    8 Total Sales

    Michael Metzger
    Section Image
  • Shelly Sprinkman

    Seller's Agent in 2012

    Shelly Sprinkman

    Sprinkman Real Estate

    (608) 220-1453

    8 in this area

    382 Total Sales

    Shelly Sprinkman
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1784782

South Central Wisconsin Multiple Listing Service

APN: 0710-073-0224-4

Wisconsin Dane County Madison 53703 Marquette

1344 Morrison St Unit 1, Madison, WI

Not Listed for Sale

MultiFamily

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