NOT LISTED FOR SALE

1821 Spohn Ave Unit 1 Madison, WI 53704

Sherman Neighborhood

Estimated Value: $413,000 - $490,000

5 Beds
3 Baths
2,551 Sq Ft
$178/Sq Ft Est. Value

Sale Details

Date Sold: May 4, 2015

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

Est. 105% increase in value since last sale

Current estimated payment $3,148 / 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

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 Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2011
Closed on
May 4, 2015
Sold by
Bought by
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
$453,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,582
Avg. Annual Appreciation
6.64%
Original Mortgage
$204,000
Outstanding Balance
$154,405
Interest Rate
3.68%
Mortgage Type
Commercial
Estimated Equity
$299,177
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

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
$221,000 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 $204,000
Source: Public Records

Property 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 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

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

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

    8 in this area

    411 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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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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