$382,500
SOLD DEC 20, 2018

1418 Morrison St Unit 1 Madison, WI 53703

Marquette Neighborhood
3 Beds
2 Baths
1,550 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$247 Per Sq Ft

3% Below List Price

85 Days on Market

Highlights

  • Lake Front
  • Wood Flooring
  • Fireplace
  • Marquette Elementary Rated A-
  • Balcony
  • 2-minute walk to Morrison Park

About This Home

As of September 2024

Now available for showings! This charming duplex offers an amazing location in the Marquette/Williamson Street neighborhood. Located right across the street from Lake Monona, this property is easy to rent - and could be a great fit for the future owner-occupant. Each unit offers plenty of original character along w/ more recent updates. Plus a new roof has just been installed by the owners. Main level 2 bedroom unit rents for $1,300 per month; 2nd level one bedroom unit rents for $1,000 per month. NOTE: the main level may be available soon for owner-occupancy. Ask for details.

Last Agent to Sell the Property

Dan Miller

Realty Executives Cooper Spransy License #69122-94 Listed on: 08/24/2018

Realty Executives Cooper Spransy

Last Buyer's Agent

Grant Samuelsen

RE/MAX Preferred License #79933-94

RE/MAX Preferred

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,701

Year Built

  • Built in 1942

Lot Details

  • 4,356 Sq Ft Lot
  • Lake Front

Parking

  • 3 Open Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • Fireplace
  • Family Room
  • Dining Room
  • Wood Flooring
  • Water Views
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Schools

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

Additional Features

  • Balcony
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 0710-072-2023-0

Community Details

Overview

  • 2 Units
  • Marquette Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,701

Year Built

Built in 1942

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
  • Miscellaneous: Shared laundry
  • Noi Year: 9999
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partially finished
  • Number Dish Washers: 1
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Units W Ac: 2
  • Number Washers: 1
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Waterfront: Waterview-No frontage, Lake
  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 3

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space

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

  • Estimated Aces: 0.1
  • Zoning: R4A
  • Geo Subdivision: WI

Rental Info

  • Total Income: 27840

Tax Info

  • Land Assessment: 116100
  • Improvements: 257400
  • Total Assessment: 373500
  • Assessment year: 2018
  • Net Taxes: 7701
  • Tax Year: 2017
  • Assessor Parcel Number: 0710-072-2023-0

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 9, 2024
Closed on
Sep 27, 2024
Sold by
Garcia Leonard T and Faith Helen
Bought by
Daminger Allison and Leventhal Eric
Seller's Agent
Carlos Alvarado
Compass Real Estate Wisconsin
Buyer's Agent
Tobi Silgman
Lauer Realty Group, Inc.
List Price
$739,900
Sold Price
$740,000
Premium/Discount to List
$100
0.01%
Views
35
Current Estimated Value
$790,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,508
Avg. Annual Appreciation
1.19%
Original Mortgage
$490,000
Outstanding Balance
$486,842
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$260,636

Purchase Details

Listed on
Jul 25, 2020
Closed on
Aug 11, 2020
Sold by
Esposito Vincent and Esposito Phyllis
Bought by
Garcia Leonard T and Faith Helen
Seller's Agent
Grant Samuelsen
RE/MAX Preferred
Buyer's Agent
Carlos Alvarado
Compass Real Estate Wisconsin
List Price
$519,900
Sold Price
$530,000
Premium/Discount to List
$10,100
1.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%
Original Mortgage
$424,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 24, 2018
Closed on
Dec 17, 2018
Sold by
Hall Bruce W and Hall Jane
Bought by
Esposite Vincent and Esposite Phyllis
Seller's Agent
Dan Miller
Realty Executives Cooper Spransy
Buyer's Agent
Grant Samuelsen
RE/MAX Preferred
List Price
$395,000
Sold Price
$382,500
Premium/Discount to List
-$12,500
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.62%

Purchase Details

Closed on
Jul 22, 2009
Sold by
Hall Bruce W
Bought by
Hall Bruce W and Hall Mary Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,417
Interest Rate
5.43%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $740,000 None Listed On Document
Warranty Deed $530,000 None Available
Warranty Deed $382,500 None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $490,000 New Conventional
Previous Owner $424,000 New Conventional
Previous Owner $56,417 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Sold $740,000 0.0% $429 / Sq Ft
08/26/2024 08/26/24 For Sale $739,900 0.0% $429 / Sq Ft
08/09/2024 08/09/24 Off Market $740,000 -- --
09/14/2020 09/14/20 Sold $530,000 +1.9% $311 / Sq Ft
08/01/2020 08/01/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $519,900 -1.9% $305 / Sq Ft
07/27/2020 07/27/20 Off Market $530,000 -- --
12/20/2018 12/20/18 Sold $382,500 -3.2% $247 / Sq Ft
08/24/2018 08/24/18 For Sale $395,000 -- $255 / 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 $23,250 $661,400 $147,600 $513,800
2023 $11,106 $612,400 $147,600 $464,800
2021 $11,308 $530,000 $135,400 $394,600
2020 $8,582 $385,500 $127,700 $257,800
2019 $8,549 $382,500 $116,100 $266,400
2018 $8,334 $373,500 $116,100 $257,400
2017 $7,701 $333,500 $106,500 $227,000
2016 $7,188 $303,200 $97,700 $205,500
2015 $7,263 $303,200 $84,600 $218,600
2014 $7,268 $303,200 $84,600 $218,600
2013 $6,639 $291,500 $84,600 $206,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1839954

South Central Wisconsin Multiple Listing Service

APN: 0710-072-2023-0