NOT LISTED FOR SALE

Estimated Value: $442,294 - $545,000

9 Beds
4 Baths
3,534 Sq Ft
$143/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $335,000 $95 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,012/month

22 Days on Market

Highlights

  • Property is near a bus stop
  • Laundry Facilities
  • 3-minute walk to Penn Park
  • Hamilton Middle School Rated A

About This Home

As of September 2020

Rare two flat, spacious units with 1767 sq. ft. and 4/5 bedrooms, plus full basement. Large 2.5 car garage. Income is based on resigning leases with tenants but currently month to month leases for new owners options.

Last Agent to Sell the Property

Kelly Sweeney

Stark Company, REALTORS License #36986-90 Listed on: 07/27/2020

Stark Company, REALTORS

Last Buyer's Agent

Todd Mulhern

Restaino & Associates License #48381-94

Restaino & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,932

Year Built

  • Built in 1963

Lot Details

  • 5,663

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Additional Features

  • 5,663 Sq Ft Lot
  • Property is near a bus stop
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 0709-351-0215-6

Community Details

Overview

  • 2 Units
  • Brams Addition Subdivision

Additional Features

  • Laundry Facilities
  • Net Operating Income $42,239

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,932

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story, 2 flat-up and down
  • Miscellaneous: Shared laundry, Close to bus line
  • Noi Year: 2020
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn, Sump pump
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas

Utilities

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

Fee Information

  • Total Expenses: 7561

Schools

  • School District: Madison
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.13
  • Zoning: TR-C2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 49800

Tax Info

  • Land Assessment: 45900
  • Improvements: 261800
  • Total Assessment: 307700
  • Assessment year: 2019
  • Net Taxes: 6932
  • Tax Year: 2019
  • Assessor Parcel Number: 0709-351-0215-6

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2020
Closed on
Sep 30, 2020
Sold by
Norsman Investment Llc
Bought by
Atlas Abodes Llc
Seller's Agent
Kelly Sweeney
Stark Company, REALTORS
Buyer's Agent
Todd Mulhern
Restaino & Associates
List Price
$350,000
Sold Price
$335,000
Premium/Discount to List
-$15,000
-4.29%
Current Estimated Value
$506,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,324
Avg. Annual Appreciation
9.13%

Purchase Details

Closed on
Dec 19, 2019
Sold by
Norsman David and Norsman Linda
Bought by
Norsman Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,106
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 2018
Sold by
Jakacki Anthony and Jakacki Jennifer
Bought by
Norsman David and Norsman Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
4.44%
Mortgage Type
New Conventional
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
Atlas Abodes Llc $335,000 None Available
Norsman Investments Llc -- None Available
Norsman David $272,500 Knight Barry Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Norsman Investments Llc $226,106
Previous Owner Norsman David $435,000
Previous Owner Jakacki Anthony $8,673
Previous Owner Jakacki Anthony C $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $335,000 -4.3% $95 / Sq Ft
07/27/2020 07/27/20 For Sale $350,000 -- $99 / 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 $14,300 $408,600 $61,600 $347,000
2023 $6,892 $381,900 $57,600 $324,300
2021 $7,116 $335,000 $45,900 $289,100
2020 $6,834 $307,700 $45,900 $261,800
2019 $6,932 $307,700 $45,900 $261,800
2018 $6,221 $279,700 $28,700 $251,000
2017 $5,595 $243,200 $28,700 $214,500
2016 $5,220 $221,100 $28,700 $192,400
2015 $5,275 $221,100 $28,700 $192,400
2014 $5,279 $221,100 $28,700 $192,400
2013 $6,520 $221,100 $28,700 $192,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1889455

South Central Wisconsin Multiple Listing Service

APN: 0709-351-0215-6