NOT LISTED FOR SALE

1346 Morrison St Unit 2 Madison, WI 53703

Marquette Neighborhood

Estimated Value: $652,523 - $912,000

2 Beds
3 Baths
2,178 Sq Ft
$347/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $395,000 $181 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $4,627/month

16 Days on Market

Highlights

  • Main Floor Bedroom
  • Den
  • Accessible Bedroom
  • Marquette Elementary Rated A-
  • Eat-In Kitchen
  • 2-minute walk to Morrison Park

About This Home

As of October 2016

No showings until 8/27. Extensively renovated rental property in one of Madison's most desirable neighborhoods. Lower unit features a large one bedroom apartment with in unit washer dryer, sun room with Lake Monona views and a modern kitchen. Upper unit is a two level apartment with a fully renovated loft featuring a full bathroom, 2 walk-in closets and washer/dryer. Separate electric & gas meters for each unit. Three off street parking stalls. Property was owner occupied for the last 3 years before current lease. Shared driveway with 1344 Morrison St (also for sale MLS #1784782).

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

  • $6,461

Year Built

  • Built in 1908

Lot Details

  • 3,136

Parking

  • Outside Parking

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Family Room
  • Dining Room
  • Den
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

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

Accessible Home Design

  • Accessible Full Bathroom
  • Handicap Shower
  • Accessible Bedroom
  • Low Pile Carpeting

Location

  • Property is near bus stop

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Water Softener is Owned

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-073-0225-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,461

Year Built

Built in 1908

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, 2 flat-up and down
  • Barrier Free: First floor bedroom, First floor full bath, Stall shower, Width of hallways 36"+, Door openings 29" or more, Low pile or no carpeting
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number Units W Ac: 2
  • Number Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, 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: 37500

Tax Info

  • Net Taxes: 6461
  • Tax Year: 2016
  • Assessor Parcel Number: 0710-073-0225-2

Multi Family

  • Number Of1 Bedrooms: 2
  • 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 Michael A and Metzger Robert C
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
$418,000
Sold Price
$395,000
Premium/Discount to List
-$23,000
-5.5%
Current Estimated Value
$742,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,672
Avg. Annual Appreciation
7.28%
Original Mortgage
$296,250
Outstanding Balance
$237,650
Interest Rate
3.48%
Mortgage Type
Commercial
Estimated Equity
$518,231

Purchase Details

Closed on
Oct 22, 2013
Sold by
Metzger Michael A
Bought by
Metzger Robert C and Metzger Mary B

Purchase Details

Listed on
Jun 27, 2011
Closed on
Jun 29, 2012
Sold by
Pressentin Gary G
Bought by
Metzger Michael A
Seller's Agent
Shelly Sprinkman
Sprinkman Real Estate
Buyer's Agent
Michael Metzger
McGrath Property Group, LLC
List Price
$325,000
Sold Price
$220,000
Premium/Discount to List
-$105,000
-32.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.54%
Original Mortgage
$220,000
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jacobs Cooperage Llc $395,000 First American Title
Metzger Robert C $152,500 --
Metzger Michael A $220,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobs Cooperage Llc $296,250
Previous Owner Metzger Michael A $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2016 10/21/16 Sold $395,000 -5.5% $181 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
08/23/2016 08/23/16 For Sale $418,000 +90.0% $192 / Sq Ft
06/29/2012 06/29/12 Sold $220,000 -32.3% $118 / Sq Ft View Prior Sale
05/09/2012 05/09/12 Pending -- -- --
06/27/2011 06/27/11 For Sale $325,000 -- $174 / 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 $10,042 $535,600 $116,400 $419,200
2022 $20,046 $510,100 $116,400 $393,700
2021 $10,358 $485,800 $116,400 $369,400
2020 $10,366 $464,900 $109,800 $355,100
2019 $9,632 $430,500 $99,800 $330,700
2018 $9,156 $410,000 $99,800 $310,200
2017 $9,136 $395,000 $91,600 $303,400
2016 $6,395 $270,100 $84,000 $186,100
2015 $6,462 $244,500 $72,700 $171,800
2014 $5,846 $244,500 $72,700 $171,800
2013 $5,824 $235,100 $72,700 $162,400
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: 1784783

South Central Wisconsin Multiple Listing Service

APN: 0710-073-0225-2

Wisconsin Dane County Madison 53703 Marquette

1346 Morrison St Unit 2, Madison, WI

Not Listed for Sale

MultiFamily

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