C
Seller's Agent in 2023
Cheng Real Estat Group
Real Broker LLC
(608) 957-2683
2 in this area
406 Total Sales
1902 Cameron Dr Madison, WI 53711
Meadowood NeighborhoodEstimated Value: $654,000 - $708,566
10
Beds
8
Baths
4,050
Sq Ft
$165/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Eat-In Kitchen
- Forced Air Heating and Cooling System
- Vel Phillips Memorial High School Rated A
- Property is near a bus stop
- Family Room
About This Home
As of April 2023Please do not trespass on property or disturb tenants without a scheduled showing. Excellent cash-flowing investment opportunity and upside in this brick 4-townhome building. Two units are 3/1.5 and two units are 2/1.5 all townhome style with private basements. Currently under-rented due to long-term tenants in place. Market rents are $1,450 & $1,300/unit resulting in a potential 8.0%-9.0% cap rate and a 10.0%+ cash on cash return. Well located on the West side of Madison with easy access to schools, grocery, and shopping. All units are well kept and maintained. Leases available upon request. Units 1 & 4 do not have their own W/D. Unit 2 W/D belongs to tenant. Unit 3 W/D is provided by seller and will stay with the building. Roof 2016. Water heaters 2017. Furnaces approx 2012.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,357
Year Built
- Built in 1964
Lot Details
- 0.25 Acre Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Poured Concrete
- Wood Siding
Interior Spaces
- 2-Story Property
- Family Room
- Wood Flooring
- Basement Fills Entire Space Under The House
- Washer and Dryer
Kitchen
- Eat-In Kitchen
- Oven or Range
- Dishwasher
Parking
- 4 Open Parking Spaces
- Driveway Level
- Outside Parking
Location
- Property is near a bus stop
Schools
- Orchard Ridge Elementary School
- Toki Middle School
- Memorial High School
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
- Individual Controls for Heating
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 0708-364-0918-0
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 23, 2023
Closed on
Apr 3, 2023
Sold by
Dong Yong Ting and Jin Rong
Bought by
Hernandez Cesar J and Hernandez Cesar
Seller's Agent
Cheng Real Estat Group
Real Broker LLC
Buyer's Agent
Kevin Navarro
EXP Realty, LLC
List Price
$575,000
Sold Price
$585,000
Premium/Discount to List
$10,000
1.74%
Views
74
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,142
Avg. Annual Appreciation
5.43%
Original Mortgage
$468,000
Outstanding Balance
$454,312
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$215,830
Purchase Details
Listed on
Feb 27, 2018
Closed on
Apr 13, 2018
Sold by
Swain Jennifer L and Swain John A
Bought by
Dong Yong Ting and Zheng Jin Rong
Seller's Agent
Jenny Swain
Jenny Swain and Associates
Buyer's Agent
Jack Cheng
Real Broker LLC
List Price
$400,000
Sold Price
$425,000
Premium/Discount to List
$25,000
6.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.64%
Original Mortgage
$318,750
Interest Rate
4.46%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 20, 2013
Closed on
Jun 23, 2014
Sold by
Southbridge Real Estate Development 5 Ll
Bought by
Swain Jennifer L and Swain John A
Seller's Agent
Tony Jakacki
South Central Non-Member
Buyer's Agent
Jenny Swain
Jenny Swain and Associates
List Price
$279,900
Sold Price
$235,000
Premium/Discount to List
-$44,900
-16.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.78%
Original Mortgage
$176,250
Interest Rate
4.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 23, 2011
Sold by
Federal National Mortgage Association
Bought by
Southbridge Real Estate Development 5 Ll
Purchase Details
Closed on
Jun 6, 2011
Sold by
Thao Doua and Yang Kia
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Mar 12, 2007
Sold by
Cameron Drive Associates
Bought by
Yang Kia and Thao Doua
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,800
Interest Rate
6.4%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hernandez Cesar J | $585,000 | -- | |
| Dong Yong Ting | $425,000 | None Available | |
| Swain Jennifer L | $235,000 | None Available | |
| Southbridge Real Estate Development 5 Ll | -- | None Available | |
| Federal National Mortgage Association | $261,963 | None Available | |
| Yang Kia | $276,300 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hernandez Cesar J | $468,000 | |
| Previous Owner | Dong Yong Ting | $318,750 | |
| Previous Owner | Swain Jennifer L | $176,250 | |
| Previous Owner | Yang Kia | $220,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/03/2023 04/03/23 | Sold | $585,000 | +1.7% | $144 / Sq Ft | |
| 02/23/2023 02/23/23 | For Sale | $575,000 | +35.3% | $142 / Sq Ft | |
| 04/16/2018 04/16/18 | Sold | $425,000 | +6.3% | $105 / Sq Ft | View Prior Sale |
| 03/04/2018 03/04/18 | Pending | -- | -- | -- | |
| 02/27/2018 02/27/18 | For Sale | $400,000 | +70.2% | $99 / Sq Ft | |
| 06/23/2014 06/23/14 | Sold | $235,000 | -16.0% | $58 / Sq Ft | View Prior Sale |
| 04/25/2014 04/25/14 | Pending | -- | -- | -- | |
| 09/20/2013 09/20/13 | For Sale | $279,900 | -- | $69 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
Tax History Compared to Growth
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 | $20,545 | $585,000 | $120,000 | $465,000 |
| 2023 | $8,137 | $450,000 | $109,000 | $341,000 |
| 2021 | $9,073 | $426,000 | $90,000 | $336,000 |
| 2020 | $9,490 | $425,900 | $90,000 | $335,900 |
| 2019 | $9,528 | $425,900 | $90,000 | $335,900 |
| 2018 | $5,778 | $260,000 | $89,100 | $170,900 |
| 2017 | $5,917 | $257,000 | $89,100 | $167,900 |
| 2016 | $5,841 | $247,000 | $86,100 | $160,900 |
| 2015 | $5,612 | $188,300 | $86,100 | $102,200 |
| 2014 | $4,484 | $188,300 | $86,100 | $102,200 |
| 2013 | $5,844 | $188,300 | $86,100 | $102,200 |
Source: Public Records
Agents Affiliated with this Home
-
Cheng Real Estat Group
-
Kevin Navarro
Buyer's Agent in 2023
Kevin Navarro
EXP Realty, LLC
(608) 515-6624
2 in this area
151 Total Sales
-
Jenny Swain
Seller's Agent in 2018
Jenny Swain
Jenny Swain and Associates
(608) 219-8989
140 Total Sales
-
Jack Cheng
Buyer's Agent in 2018
Jack Cheng
Real Broker LLC
(608) 957-2683
1 in this area
214 Total Sales
-
T
Seller's Agent in 2014
Tony Jakacki
South Central Non-Member
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1950580
APN: 0708-364-0918-0
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