NOT LISTED FOR SALE

Estimated Value: $1,249,274

1 Bed
4 Baths
1,224 Sq Ft
$1,021/Sq Ft Est. Value

Last Sold August 19, 2019

Last sale price $800,000 $654 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $9,452/month

14 Days on Market

Highlights

  • Property is near a bus stop
  • Laundry Facilities
  • 3-minute walk to Period Garden Park
  • Water Softener is Owned

About This Home

As of August 2019

No showings until 7/25. Wonderful 9-unit building located two blocks off the Capitol Square! Building consists of 7 studio apts, two 1-bedroom apts & 5 off-street parking stalls. Solid floor plans w/easy marketability, strong rental history & many long term tenants. Property has historically been leased on traditional 12-mo terms but other great possibilities for short term rental, bed & breakfast or redevelopment (confirm w/city). Property is under-rented. LA estimates market gross revenue to be $90K-$100K annually. Monthly rents beginning Aug 2020: 1-$685, 2-$0 (owner occ), 3-$880, 4-$760, 5-$750, 6-$670, 7-$900, 8-$775, 9-$785.

Last Agent to Sell the Property

Katie Schmitz

The Hub Realty License #58120-90 Listed on: 07/16/2019

Last Buyer's Agent

Les Orosz

The Hub Realty License #33059-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,965

Year Built

  • Built in 1900

Lot Details

  • 5,227

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 5 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Radiant Heating System
  • Water Softener is Owned

Additional Features

  • 5,227 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 9 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-144-0626-4

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,965

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Items Excluded: Seller/Tenant's personal property
  • Items Included: 9 Refrigerators, 9 oven/range, All Window Blinds, Water Softener, Washer/Dryer
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 5

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside

Schools

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

Lot Info

  • Estimated Aces: 0.12
  • Zoning: DR1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 83520

Tax Info

  • Net Taxes: 17965
  • Tax Year: 2018
  • Assessor Parcel Number: 0709-144-0626-4

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of Efficiencies: 7
  • Number Of Units: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2019
Closed on
Aug 19, 2019
Sold by
Corona Jose
Bought by
152 East Johnson Llc
Seller's Agent
Katie Schmitz
The Hub Realty
Buyer's Agent
Les Orosz
The Hub Realty
List Price
$777,000
Sold Price
$800,000
Premium/Discount to List
$23,000
2.96%
Current Estimated Value
$1,249,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,274
Avg. Annual Appreciation
7.50%

Purchase Details

Closed on
Oct 21, 2014
Sold by
Corona Lucia C and Corona Jose
Bought by
Corona Jose

Purchase Details

Closed on
Feb 24, 2011
Sold by
Diaz Dionicia Corona
Bought by
Corona Lucia C and Corona Jose C

Purchase Details

Closed on
Jan 27, 2005
Sold by
Hot Pads Llc
Bought by
Corona Diaz Donisia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,005
Interest Rate
5.83%
Mortgage Type
Future Advance Clause Open End Mortgage
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
152 East Johnson Llc $800,000 None Available
Corona Jose -- None Available
Corona Lucia C -- None Available
Corona Diaz Donisia $615,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corona Diaz Donisia $379,005
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2019 08/19/19 Sold $800,000 +3.0% $654 / Sq Ft
07/24/2019 07/24/19 For Sale $777,000 -2.9% $635 / Sq Ft
07/18/2019 07/18/19 Off Market $800,000 -- --
07/16/2019 07/16/19 For Sale $777,000 -- $635 / 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 $34,885 $990,000 $145,000 $845,000
2023 $16,362 $900,000 $145,000 $755,000
2021 $17,113 $800,000 $145,000 $655,000
2020 $17,895 $800,000 $145,000 $655,000
2019 $18,756 $835,000 $145,000 $690,000
2018 $17,965 $795,000 $145,000 $650,000
2017 $18,480 $736,000 $145,000 $591,000
2016 $16,763 $701,000 $132,000 $569,000
2015 $8,192 $636,000 $132,000 $504,000
2014 $15,330 $636,000 $132,000 $504,000
2013 $13,239 $636,000 $132,000 $504,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1863563

South Central Wisconsin Multiple Listing Service

APN: 0709-144-0626-4