NOT LISTED FOR SALE

1706 Packers Ave Madison, WI 53704

Estimated Value: $464,737 - $754,000

5 Beds
4 Baths
3,580 Sq Ft
$153/Sq Ft Est. Value

Sale Details

Date Sold: September 10, 2015

Last sale price $245,000 $68 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $3,383 / mo

9 Days on Market

Highlights

  • Eat-In Kitchen
  • Central Air
  • Family Room
  • Property is near bus stop
  • Water Softener is Owned
  • Laundry Facilities

About This Home

As of September 2015

GREAT INCOME POTENTIAL with well located, well built brick 4-unit building on huge lot. Enormous backyard and parking for 8! - great expansion potential. Sunny apts with hardwood floors, partially updated bathrooms, and new no-maintenance efficient vinyl windows. Off street parking on the back side of the building for all 4 tenants. Bring your own tenants except 1st flr unit rented through 2016. GREAT location near Airport, MATC, Ale Asylum, easy public transit. Priced to sell!

Last Agent to Sell the Property

Kelda Roys

OpenHomes Inc. License #55491-90 Listed on: 07/20/2015

Last Buyer's Agent

Austin Gannon

Gannon Company, REALTORS License #57128-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,743

Year Built

  • Built in 1952

Lot Details

  • 17,424 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Family Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Finished Basement

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

Parking

  • Driveway Level
  • Outside Parking

Schools

  • Emerson Elementary School
  • Sherman Middle School
  • East High School

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Low Pile Carpeting
  • Property is near bus stop

Community Details

  • 4 Units
  • Laundry Facilities
  • Net Operating Income $32,400

Listing and Financial Details

  • Assessor Parcel Number 0810-312-2437-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,743

Year Built

Built in 1952

Lot Details

0.4 Acres

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Barrier Free: Level drive, Level lot, Width of hallways 36"+, Door openings 29" or more, Low pile or no carpeting
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Walkout to yard, Finished
  • Number Dryers: 2
  • Number Units W Ac: 1
  • Number Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside
  • Utilities: Separate elec meters

Schools

  • Elementary School: Emerson
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Estimated Aces: 0.4
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 32400

Tax Info

  • Net Taxes: 4743
  • Tax Year: 2014
  • Assessor Parcel Number: 0810-312-2437-2

Multi Family

  • Number Of1 Bedrooms: 3
  • Number Of2 Bedrooms: 1
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2015
Closed on
Sep 10, 2015
Sold by
Beach Chair Investments Llc
Bought by
Gresch Mike and Stenglein Jennifer
Seller's Agent
Kelda Roys
OpenHomes Inc.
Buyer's Agent
Austin Gannon
Gannon Company, REALTORS
List Price
$254,000
Sold Price
$245,000
Premium/Discount to List
-$9,000
-3.54%
Current Estimated Value
$487,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,652
Avg. Annual Appreciation
7.81%
Original Mortgage
$176,250
Outstanding Balance
$136,078
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$412,857

Purchase Details

Listed on
Aug 1, 2013
Closed on
Nov 27, 2013
Sold by
Elmer Doris A
Bought by
Beach Chair Investments Llc
Seller's Agent
Josh Lavik
EXP Realty, LLC
Buyer's Agent
Brent Huebner
Huebner Properties LLC
List Price
$199,900
Sold Price
$199,000
Premium/Discount to List
-$900
-0.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.32%
Original Mortgage
$136,500
Interest Rate
4.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Gresch Mike $245,000 Attorney
Beach Chair Investments Llc $199,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Gresch Mike $176,250
Previous Owner Beach Chair Investments Llc $136,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/10/2015 09/10/15 Sold $245,000 -3.5% $68 / Sq Ft
07/29/2015 07/29/15 Pending -- -- --
07/20/2015 07/20/15 For Sale $254,000 +27.6% $71 / Sq Ft
11/27/2013 11/27/13 Sold $199,000 -0.5% $56 / Sq Ft View Prior Sale
11/12/2013 11/12/13 Pending -- -- --
08/01/2013 08/01/13 For Sale $199,900 -- $56 / 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
2025 $8,856 $479,600 $66,000 $413,600
2024 $15,412 $440,000 $66,000 $374,000
2023 $7,497 $415,000 $62,000 $353,000
2022 $14,177 $362,000 $56,000 $306,000
2021 $6,987 $329,000 $51,000 $278,000
2020 $6,774 $305,000 $51,000 $254,000
2019 $6,462 $290,000 $51,000 $239,000
2018 $5,890 $265,000 $51,000 $214,000
2017 $5,637 $245,000 $51,000 $194,000
2016 $5,793 $245,000 $46,000 $199,000
2015 $5,031 $199,000 $46,000 $153,000
2014 $4,743 $199,000 $46,000 $153,000
2013 $4,713 $197,900 $46,000 $151,900
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Kelda Roys

    OpenHomes Inc.

    (608) 213-4502

    26 Total Sales

    Kelda Roys
    Section Image
  • Austin Gannon

    Buyer's Agent in 2015

    Austin Gannon

    Gannon Company, REALTORS

    (608) 320-0956

    29 Total Sales

    Austin Gannon
    Section Image
  • Josh Lavik

    Seller's Agent in 2013

    Josh Lavik

    EXP Realty, LLC

    (608) 440-9607

    206 Total Sales

    Josh Lavik
    Section Image
  • Brent Huebner

    Buyer's Agent in 2013

    Brent Huebner

    Huebner Properties LLC

    (608) 712-9723

    4 Total Sales

    Brent Huebner
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1753016

South Central Wisconsin Multiple Listing Service

APN: 0810-312-2437-2

Wisconsin Dane County Madison 53704

1706 Packers Ave, Madison, WI

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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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