$220,000
SOLD JUN 29, 2012

1346 Morrison St Unit 2 Madison, WI 53703

Marquette Neighborhood
4 Beds
2 Baths
1,866 Sq Ft
3,136 Sq Ft Lot

Recently Sold

$118 Per Sq Ft

32% Below List Price

317 Days on Market

Highlights

  • Property is near a bus stop
  • Forced Air Heating System
  • Laundry Facilities
  • Marquette Elementary Rated A-
  • Dining Room
  • 2-minute walk to Morrison Park

About This Home

As of October 2016

Beautiful 2 flat built at the turn of the century and updated with modern conveniences. Updated kitchen and baths, roof is 10 years old, refinished hardwood floors and a walk up third floor that provides additional space. Parking is available in the back of the building and laundry is in the basement. Walking to Willi Street conveniences and across from Lake Monona. Great owner occupied or investment property. 1344 is also available.

Last Agent to Sell the Property

Shelly Sprinkman

Sprinkman Real Estate License #57436-90 Listed on: 06/27/2011

Last Buyer's Agent

Michael Metzger

McGrath Property Group, LLC License #56657-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,156

Year Built

  • Built in 1908

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • Driveway Level
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters

Additional Features

  • Low Pile Carpeting
  • Level Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Laundry Facilities
  • Net Operating Income $12,810

Listing and Financial Details

  • Assessor Parcel Number 0710-073-0225-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,156

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: 2 story, 2 flat-up and down
  • Barrier Free: Level drive, Level lot, Low pile or no carpeting
  • Miscellaneous: Shared laundry, Close to bus line
  • Noi Year: 2010
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Furnaces: 2
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 1
  • Number Water Heaters: 2

Exterior Features

  • Exterior: Vinyl

Garage/Parking

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

Utilities

  • Water Waste: Municipal water
  • Park Unit: 2 spaces, Outside
  • Utilities: Separate elec meters, Separate gas meters

Schools

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

Lot Info

  • Zoning: R4A
  • Geo Subdivision: WI

Rental Info

  • Total Income: 20700

Tax Info

  • Land Assessment: 69200
  • Improvements: 166000
  • Total Assessment: 235200
  • Assessment year: 2011
  • Net Taxes: 5156
  • Tax Year: 2010
  • Assessor Parcel Number: 0710-073-0225-2

Multi Family

  • Number Of2 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
$746,233

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,233
Avg. Annual Appreciation
7.21%
Original Mortgage
$296,250
Outstanding Balance
$241,439
Interest Rate
3.48%
Mortgage Type
Commercial
Estimated Equity
$491,891

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:

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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 Type Sale Price Title Company
Warranty Deed $395,000 First American Title
Deed $152,500 --
Warranty Deed $220,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $296,250 Commercial
Closed $296,250 Commercial
Previous Owner $222,000 New Conventional
Previous Owner $220,000 Purchase Money Mortgage
Previous Owner $385,000 Unknown
Previous Owner $75,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
2024 $18,879 $535,600 $116,400 $419,200
2023 $10,042 $535,600 $116,400 $419,200
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

    9 Total Sales

    Michael Metzger
    Section Image
  • Shelly Sprinkman

    Seller's Agent in 2012

    Shelly Sprinkman

    Sprinkman Real Estate

    (608) 220-1453

    10 in this area

    388 Total Sales

    Shelly Sprinkman
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1629705

South Central Wisconsin Multiple Listing Service

APN: 0710-073-0225-2

Wisconsin Dane County Madison 53703 Marquette

1346 Morrison St Unit 2, Madison, WI

This home is located at 1346 Morrison St Unit 2, Madison, WI 53703 and is currently priced at $220,000, approximately $117 per square foot. This property was built in 1908. 1346 Morrison St Unit 2 is a home located in Dane County with nearby schools including Marquette Elementary, O'Keeffe Middle, and East High School.

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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