NOT LISTED FOR SALE

1821 Spohn Ave Unit 1 Madison, WI 53704

Sherman Neighborhood

Estimated Value: $399,000 - $511,000

5 Beds
3 Baths
2,551 Sq Ft
$180/Sq Ft Est. Value

Sale Details

Date Sold: May 4, 2015

Last sale price $221,000 $87 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $3,141 / mo

1372 Days on Market

Highlights

  • Detached Garage
  • Property is near bus stop
  • Laundry Facilities
  • Eat-In Kitchen
  • Family Room
  • Wood Siding

About This Home

As of May 2015

Great condition. Lower half is brick. New roof, 2001. Weath cert. Coin op laundry. 1821: GRM 7.6, GRMnu 8.5, Cap Rate 7.68, Debt C Ratio 1.58. Cash on cash, 14.1%.

Last Agent to Sell the Property

Tom Christensen

South Central Non-Member License #29381-90 Listed on: 06/20/2011

Last Buyer's Agent

Liz Lauer

Lauer Realty Group, Inc. License #56139-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,298

Year Built

  • Built in 1960

Lot Details

  • 6,360

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Family Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • Detached Garage
  • Outside Parking

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters

Additional Features

  • 6,360 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 3 Units
  • Laundry Facilities
  • Net Operating Income $16,516

Listing and Financial Details

  • Assessor Parcel Number 0810-312-1920-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,298

Year Built

Built in 1960

Lot Details

6,360 Sq Ft Lot

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Miscellaneous: Shared laundry, Close to bus line
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Washers: 1

Exterior Features

  • Exterior: Wood, Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

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

Fee Information

  • Total Expenses: 10835

Schools

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

Lot Info

  • Estimated Lot Sq Ft: 6360
  • Zoning: R4
  • Lot Size: 53 x 120
  • Geo Subdivision: WI

Rental Info

  • Total Income: 28200

Tax Info

  • Net Taxes: 5298
  • Tax Year: 2011
  • Assessor Parcel Number: 0810-312-1920-8

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of3 Bedrooms: 1
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2011
Closed on
May 4, 2015
Sold by
Baron Investments Partnership #6 Llp
Bought by
Bd 1 Llc
Seller's Agent
Tom Christensen
South Central Non-Member
Buyer's Agent
Liz Lauer
Lauer Realty Group, Inc.
List Price
$260,000
Sold Price
$221,000
Premium/Discount to List
-$39,000
-15%
Current Estimated Value
$458,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,201
Avg. Annual Appreciation
6.84%
Original Mortgage
$204,000
Outstanding Balance
$154,405
Interest Rate
3.68%
Mortgage Type
Commercial
Estimated Equity
$303,796
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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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
Bd 1 Llc $221,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bd 1 Llc $204,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2015 05/04/15 Sold $221,000 -15.0% $87 / Sq Ft
03/23/2015 03/23/15 Pending -- -- --
06/20/2011 06/20/11 For Sale $260,000 -- $102 / 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 $8,539 $462,600 $62,800 $399,800
2024 $14,721 $420,500 $62,800 $357,700
2023 $7,095 $393,000 $58,700 $334,300
2022 $13,737 $350,900 $52,400 $298,500
2021 $6,772 $319,000 $47,600 $271,400
2020 $6,558 $295,400 $44,100 $251,300
2019 $6,266 $281,300 $42,000 $239,300
2018 $5,956 $267,900 $42,000 $225,900
2017 $5,709 $248,100 $42,000 $206,100
2016 $5,868 $248,100 $39,600 $208,500
2015 $5,273 $240,300 $39,600 $200,700
2014 $5,744 $240,300 $39,600 $200,700
2013 $5,298 $233,300 $38,800 $194,500
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Tom Christensen

    South Central Non-Member

  • Liz Lauer

    Buyer's Agent in 2015

    Liz Lauer

    Lauer Realty Group, Inc.

    (608) 444-5725

    9 in this area

    419 Total Sales

    Liz Lauer
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1628903

South Central Wisconsin Multiple Listing Service

APN: 0810-312-1920-8

Wisconsin Dane County Madison 53704 Sherman

1821 Spohn Ave Unit 1, Madison, WI

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