NOT LISTED FOR SALE

1607 Adams St Unit 2 Madison, WI 53711

Vilas Neighborhood

Estimated Value: $617,000 - $818,000

7 Beds
3 Baths
2,200 Sq Ft
$333/Sq Ft Est. Value

Last Sold July 11, 2016

Last sale price $405,000 $184 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $5,561/month

About This Home

As of July 2016

Excellent location near UW Campus and Edgewood College and adjacent to the Monore street shops. Whether you look for cash flow investment or owner occupied home, this three-unit house has a lot to offer. The right 1607A unit features cathedral ceilings, fireplace, loft, washer/dryer and 1 car garage. The left side two stories unit can be rented to two unrelated. All units are fully leased. One car garage and off street parking are rented to non-resident for $83 and $40 per month respectively. 24 hour notice required to see the unit.

Last Agent to Sell the Property

Jundong Lin

South Central Non-Member License #56593-90 Listed on: 05/12/2016

Last Buyer's Agent

Jundong Lin

South Central Non-Member License #56593-90 Listed on: 05/12/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,348

Year Built

  • Built in 1904

Lot Details

  • 6,098

Interior Spaces

  • 2-Story Property
  • Partial Basement

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Additional Features

  • 6,098 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-224-2502-4

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,348

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Number Dish Washers: 1
  • Number Dryers: 1
  • Number Furnaces: 2
  • Number Refrigerators: 3
  • Number Stoves: 2
  • Number Washers: 1
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

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

Utilities

  • Water Waste: Municipal water
  • Park Unit: 1 stall garage

Schools

  • School District: Madison
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.14
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 34452

Tax Info

  • Land Assessment: 112800
  • Improvements: 276500
  • Total Assessment: 389300
  • Assessment year: 2015
  • Net Taxes: 9348
  • Tax Year: 2015
  • Assessor Parcel Number: 0709-224-2502-4

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of3 Bedrooms: 1
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2016
Closed on
Jul 6, 2016
Sold by
J & B Hwang Associates Llc
Bought by
Roth Gregory
Seller's Agent
Jundong Lin
South Central Non-Member
Buyer's Agent
Jundong Lin
South Central Non-Member
List Price
$410,000
Sold Price
$405,000
Premium/Discount to List
-$5,000
-1.22%
Current Estimated Value
$733,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,533
Avg. Annual Appreciation
6.63%
Original Mortgage
$304,125
Outstanding Balance
$243,408
Interest Rate
3.66%
Mortgage Type
Commercial
Estimated Equity
$490,125
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 Buyer Sale Price Title Company
Roth Gregory $405,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roth Gregory $304,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2016 07/11/16 Sold $405,000 -1.2% $184 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
05/12/2016 05/12/16 For Sale $410,000 -- $186 / 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 $19,869 $565,900 $166,700 $399,200
2023 $9,579 $528,900 $151,500 $377,400
2021 $9,068 $425,800 $124,100 $301,700
2020 $9,488 $425,800 $124,100 $301,700
2019 $9,526 $425,800 $124,100 $301,700
2018 $9,054 $405,500 $124,100 $281,400
2017 $9,381 $405,500 $124,100 $281,400
2016 $9,749 $410,000 $112,800 $297,200
2015 $9,348 $389,300 $112,800 $276,500
2014 $9,354 $389,300 $112,800 $276,500
2013 $8,632 $378,000 $112,800 $265,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jundong Lin

    South Central Non-Member

See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1775866

South Central Wisconsin Multiple Listing Service

APN: 0709-224-2502-4

Wisconsin Dane County Madison 53711 Vilas

1607 Adams St Unit 2, Madison, WI

This home is located at 1607 Adams St Unit 2, Madison, WI 53711 since 12 May 2016 and is currently estimated at $733,533, approximately $333 per square foot. This property was built in 1904. 1607 Adams St Unit 2 is a home located in Dane County with nearby schools including Randall Elementary School, Hamilton Middle School, and West 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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