NOT LISTED FOR SALE

1515 Rutledge St Madison, WI 53703

Marquette Neighborhood

Estimated Value: $813,000 - $942,000

8 Beds
4 Baths
4,000 Sq Ft
$224/Sq Ft Est. Value

Last Sold October 18, 2016

Last sale price $1,475,000 $369 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $5,564/month

7 Days on Market

Highlights

  • 0.36 Acre Lot
  • Main Floor Bedroom
  • Detached Garage
  • Marquette Elementary Rated A-
  • Balcony
  • 2-minute walk to Morrison Park

About This Home

As of October 2016

Sale includes 1515 Rutledge Street (4 Units), 702 S Thornton Street (2 Units) and 706 S Thornton Street (2 Units). All units are 2BR/1BA.

Last Agent to Sell the Property

Michael Metzger

McGrath Property Group, LLC License #56657-90 Listed on: 08/27/2016

Last Buyer's Agent

Peter Korotev

South Central Non-Member License #47849-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,613

Year Built

  • Built in 1951

Lot Details

  • 0.36

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • Family Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Oven or Range
  • Washer and Dryer

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Parking

  • Detached Garage
  • Garage Door Opener

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Additional Features

  • Balcony
  • 0.36 Acre Lot

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-072-2102-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,613

Year Built

Built in 1951

Lot Details

0.36 Acres

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Barrier Free: First floor bedroom, First floor full bath
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 4
  • Number Dryers: 7
  • Number Units W Ac: 8
  • Number Washers: 7

Exterior Features

  • Exterior: Wood, Brick

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Detached, Opener inc
  • Utilities: Separate elec meters, Separate gas meters

Schools

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

Lot Info

  • Estimated Aces: 0.3584
  • Zoning: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 127800

Tax Info

  • Net Taxes: 19613
  • Tax Year: 2015
  • Assessor Parcel Number: 0710-072-2102-2

Multi Family

  • Number Of2 Bedrooms: 8
  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2022
Sold by
Pinckney-Dayton Apartments Llc
Bought by
Thornton Rutledge Apartments Llc
Current Estimated Value
$897,000

Purchase Details

Listed on
Aug 27, 2016
Closed on
Oct 19, 2016
Sold by
Mcgrath Thornton Llc
Bought by
Pinckney Dayton Apartments Llc
Seller's Agent
Michael Metzger
McGrath Property Group, LLC
Buyer's Agent
Peter Korotev
South Central Non-Member
List Price
$1,300,000
Sold Price
$1,475,000
Premium/Discount to List
$175,000
13.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.15%
Original Mortgage
$1,152,800
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2005
Sold by
Mcgrath Todd R
Bought by
Mcgrath Thornton Llc
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
Thornton Rutledge Apartments Llc $1,552,300 None Listed On Document
Pinckney Dayton Apartments Llc $1,475,000 First American Title
Mcgrath Thornton Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pinckney Dayton Apartments Llc $1,152,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2016 10/18/16 Sold $1,475,000 +13.5% $369 / Sq Ft
09/03/2016 09/03/16 Pending -- -- --
08/27/2016 08/27/16 For Sale $1,300,000 -- $325 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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 $14,096 $776,000 $110,000 $666,000
2022 $32,724 $830,000 $100,000 $730,000
2021 $17,758 $830,000 $91,000 $739,000
2020 $18,198 $813,500 $90,800 $722,700
2019 $17,391 $774,500 $90,800 $683,700
2018 $16,531 $737,500 $90,800 $646,700
2017 $17,126 $737,500 $90,800 $646,700
2016 $10,125 $425,700 $82,800 $342,900
2015 $9,745 $386,700 $82,800 $303,900
2014 $9,291 $386,700 $82,800 $303,900
2013 $8,718 $375,700 $82,800 $292,900
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

  • P

    Buyer's Agent in 2016

    Peter Korotev

    South Central Non-Member

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1785230

South Central Wisconsin Multiple Listing Service

APN: 0710-072-2102-2

Wisconsin Dane County Madison 53703 Marquette

1515 Rutledge St, Madison, WI

Not Listed for Sale

MultiFamily

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