NOT LISTED FOR SALE

1401 Loreen Dr Madison, WI 53711

Prairie Hills Neighborhood

Estimated Value: $364,000 - $501,000

5 Beds
2 Baths
1,853 Sq Ft
$231/Sq Ft Est. Value

Last Sold August 08, 2018

Last sale price $204,500 $110 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $2,666/month

1 Day on Market

Highlights

  • Eat-In Kitchen
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • Vel Phillips Memorial High School Rated A
  • Property is near bus stop
  • 2-minute walk to Hammersley Park

About This Home

As of August 2018

Westside duplex located just off S. Whitney Way onto Hammersley Rd & Loreen Dr. 1401 Loreen is a 928 sq.ft. 3 bedroom unit with 1 full bath and full basement with laundry hookups. 1403 Loreen is a 928 sq.ft. 2 bedroom unit with 1 full bathroom and full basement with laundry hookups. Fully leased through 2019 with an annual rent income of $23,400. Interior photos were when the unit was vacant. (Seller also has 1421-1423, 1423-1425, 1439,1441 Loreen Dr. listed for sale)

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 06/18/2018

Last Buyer's Agent

Xianjing Shan

OnePlus Realty Team License #52775-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,747

Year Built

  • Built in 1971

Lot Details

  • 8,712

Parking

  • Outside Parking

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Family Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Schools

  • Anana Elementary School
  • Toki Middle School
  • Memorial High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter
  • Water Softener Leased

Additional Features

  • 8,712 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 070836405469

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,747

Year Built

Built in 1971

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, 1 story
  • Miscellaneous: Close to bus line, Water Softener Rented
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Units W Ac: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Anana
  • High School: Memorial
  • Middle School: Toki
  • School District: Madison

Lot Info

  • Estimated Aces: 0.2
  • Zoning: SR-C3

Rental Info

  • Total Income: 23400

Tax Info

  • Net Taxes: 3747
  • Tax Year: 2017
  • Assessor Parcel Number: 070836405469

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2018
Closed on
Aug 8, 2018
Sold by
Bjelde Mark G and Bjelde Margaret M
Bought by
Syj Investment Llc
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Xianjing Shan
OnePlus Realty Team
List Price
$209,900
Sold Price
$204,500
Premium/Discount to List
-$5,400
-2.57%
Current Estimated Value
$427,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,422
Avg. Annual Appreciation
10.43%
Original Mortgage
$613,500
Outstanding Balance
$532,800
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
-$104,878
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
Syj Investment Llc $818,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Syj Investment Llc $613,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2018 08/08/18 Sold $204,500 -2.6% $110 / Sq Ft
06/18/2018 06/18/18 For Sale $209,900 -- $113 / 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 $5,496 $305,500 $99,200 $206,300
2022 $10,737 $275,200 $89,400 $185,800
2021 $5,014 $237,200 $77,100 $160,100
2020 $4,516 $204,500 $66,500 $138,000
2019 $4,534 $204,500 $66,500 $138,000
2018 $4,354 $196,800 $66,500 $130,300
2017 $3,747 $164,000 $66,500 $97,500
2016 $3,494 $149,100 $66,500 $82,600
2015 $3,205 $130,400 $66,500 $63,900
2014 $3,081 $130,400 $66,500 $63,900
2013 $3,218 $137,300 $64,600 $72,700
Source: Public Records

Agents Affiliated with this Home

  • James Stopple

    Seller's Agent in 2018

    James Stopple

    Madison Property Management, Inc.

    (608) 516-8272

    91 Total Sales

    James Stopple
    Section Image

  • X

    Buyer's Agent in 2018

    Xianjing Shan

    OnePlus Realty Team

    (608) 219-4738

    56 Total Sales

    Xianjing Shan
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1833779

South Central Wisconsin Multiple Listing Service

APN: 0708-364-0546-9

Wisconsin Dane County Madison 53711 Prairie Hills

1401 Loreen Dr, Madison, WI

Not Listed for Sale

MultiFamily

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