NOT LISTED FOR SALE

1906 E Washington Ave Madison, WI 53704

Emerson East Neighborhood

Estimated Value: $669,000 - $777,000

7 Beds
3 Baths
2,800 Sq Ft
$253/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $615,000 $220 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,421/month

About This Home

As of July 2022

Great 3-unit income property w/ 6 parking spots just a couple of blocks away from the heart of Atwood Ave AND the future Madison Public Market! Units 1 and 3 have been beautifully remodeled top to bottom including brand new kitchens w/ stainless steel appliances, tile backsplashes, and tile shower surrounds in bathrooms. Unit 1 current rent is $1575 but increases to $1675 on 07/01/22. Unit 3 current rent is $1600 but increases to $1700 on 08/15/22. Unit 2 rent is $1475 and lease runs through 05/31/23. Total marketed income reflects these rent increases. Additional recent updates include new furnace and basement storage units in 2021.

Last Agent to Sell the Property

The Hub Team

The Hub Realty Listed on: 06/08/2022

Last Buyer's Agent

Anthony Schey

Lakeplace.com/Dane Arthur Real Estate Agency License #53728-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,137

Year Built

  • Built in 1915

Lot Details

  • 6,534

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • 6 Open Parking Spaces
  • Outside Parking

Schools

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

Additional Features

  • 6,534 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-063-1115-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,137

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Items Excluded: Seller and Tenants Personal Property
  • Items Included: all kitchen appliances in 3 units, washer, dryer, water softener
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 6

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space, 2 spaces, Outside

Schools

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

Lot Info

  • Estimated Aces: 0.15
  • Zoning: CC-T
  • Geo Subdivision: WI

Rental Info

  • Total Income: 58200

Tax Info

  • Net Taxes: 9137
  • Tax Year: 2021
  • Assessor Parcel Number: 0710-063-1115-5

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
Jun 25, 2020
Closed on
Aug 3, 2020
Sold by
Capital Investments 1906 E Washington Ll
Bought by
East Washington Abl Llc
Seller's Agent
Christopher Mattioli
Century 21 Affiliated
Buyer's Agent
Paul Richters
The Hub Realty
List Price
$429,000
Sold Price
$429,000
Current Estimated Value
$709,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,212
Avg. Annual Appreciation
10.07%
Original Mortgage
$364,650
Outstanding Balance
$324,067
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$385,145

Purchase Details

Closed on
Dec 20, 2016
Sold by
Russell Kevin H and Russell Kelly A
Bought by
Capital Investments 1906 E Washington Ll

Purchase Details

Closed on
May 16, 2016
Sold by
Capital Investments 1906 E Washington Ll
Bought by
Russell Kevin H and Russell Kelly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,700
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2014
Sold by
Russell Kevin H and Russell Kelly A
Bought by
Capital Investments 1906 E Washington Ll

Purchase Details

Closed on
Jan 10, 2013
Sold by
Russell Kevin H and Russell Kelly A
Bought by
Capital Investments 1906 E Washington Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,125
Interest Rate
3.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 2012
Sold by
Federal National Mortgage Association
Bought by
Russell Kevin H and Russell Kelly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,125
Interest Rate
3.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2012
Sold by
Vang Koua and Vang Dia M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 28, 2007
Sold by
Kaltenberg John J and Kaltenberg Katherine A
Bought by
Vang Koua and Vang Dia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
6.4%
Mortgage Type
Commercial
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
East Washington Abl Llc $429,000 Knight Barry Title
Capital Investments 1906 E Washington Ll -- None Available
Russell Kevin H -- Attorney
Capital Investments 1906 E Washington Ll -- None Available
Russell Kevin H -- None Available
Capital Investments 1906 E Washington Ll -- None Available
Russell Kevin H -- None Available
Federal National Mortgage Association $183,938 None Available
Vang Koua $235,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open East Washington Abl Llc $364,650
Previous Owner Russell Kevin H $210,700
Previous Owner Russell Kevin H $103,125
Previous Owner Vang Koua $176,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2022 07/08/22 Sold $615,000 -1.6% $220 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
06/21/2022 06/21/22 Price Changed $625,000 -3.8% $223 / Sq Ft
06/09/2022 06/09/22 For Sale $650,000 +5.7% $232 / Sq Ft
06/09/2022 06/09/22 Off Market $615,000 -- --
06/08/2022 06/08/22 For Sale $650,000 +51.5% $232 / Sq Ft
08/03/2020 08/03/20 Sold $429,000 0.0% $159 / Sq Ft View Prior Sale
06/25/2020 06/25/20 For Sale $429,000 -- $159 / 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 $21,608 $615,000 $145,400 $469,600
2023 $11,153 $615,000 $135,900 $479,100
2021 $9,137 $429,000 $113,400 $315,600
2020 $9,560 $429,000 $105,000 $324,000
2019 $9,598 $429,000 $100,000 $329,000
2018 $8,705 $390,000 $100,000 $290,000
2017 $5,625 $244,500 $96,200 $148,300
2016 $5,781 $244,500 $90,800 $153,700
2015 $5,842 $230,700 $81,600 $149,100
2014 $5,511 $230,700 $81,600 $149,100
2013 $6,618 $224,000 $79,200 $144,800
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    The Hub Team

    The Hub Realty

    (608) 556-4400

    3 in this area

    253 Total Sales

    The Hub Team
    Section Image
  • Anthony Schey

    Buyer's Agent in 2022

    Anthony Schey

    Lakeplace.com/Dane Arthur Real Estate Agency

    (608) 770-8815

    6 in this area

    50 Total Sales

    Anthony Schey
    Section Image

  • C

    Seller's Agent in 2020

    Christopher Mattioli

    Century 21 Affiliated

    (608) 445-0305

    1 Total Sale

    Christopher Mattioli
    Section Image
  • Paul Richters

    Buyer's Agent in 2020

    Paul Richters

    The Hub Realty

    (608) 438-8715

    3 Total Sales

    Paul Richters
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1936416

South Central Wisconsin Multiple Listing Service

APN: 0710-063-1115-5

Wisconsin Dane County Madison 53704 Emerson East

1906 E Washington Ave, Madison, WI

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