NOT LISTED FOR SALE

1937 Spohn Ave Unit 1 Madison, WI 53704

Sherman Neighborhood

Estimated Value: $326,000 - $354,000

5 Beds
2 Baths
1,600 Sq Ft
$215/Sq Ft Est. Value

Last Sold October 23, 2023

Last sale price $292,500 $183 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,626/month

8 Days on Market

Highlights

  • Fenced Yard
  • Property is near a bus stop
  • Dining Room
  • Eat-In Kitchen
  • Forced Air Heating System
  • Family Room

About This Home

As of October 2023

Great duplex located on Madison’s northeast side just off Sherman Ave. near the intersection of Spohn Ave and Loftsgordan Ave. Unit #1 has 3 bedrooms and 1 bath with basement access to laundry/storage. Unit #2 has 2 bedrooms and 1 bath. There is a detached 2 car garage and a large fenced in backyard great for pets and other activities. Walking distance to many retail stores and restaurants. Fully leased with an annual gross income of $30,900.

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 09/18/2023

Co-Listed By

Tony Xiong

Madison Property Management, Inc. License #69875-94

Last Buyer's Agent

Matt Kornstedt

Stark Company, REALTORS

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,914

Year Built

  • Built in 1940

Lot Details

  • 9,583 Sq Ft Lot
  • Fenced Yard

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Forced Air Heating System
  • High Speed Internet

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0810-312-1812-7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,914

Year Built

Built in 1940

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: Close to bus line, Fenced yard, Internet - Cable, Internet - DSL
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 1
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Detached, Outside

Schools

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

Lot Info

  • Estimated Aces: 0.22
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 30900

Tax Info

  • Land Assessment: 106600
  • Improvements: 191700
  • Total Assessment: 298300
  • Assessment year: 2023
  • Net Taxes: 4914
  • Tax Year: 2022
  • Assessor Parcel Number: 0810-312-1812-7

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2023
Closed on
Oct 31, 2023
Sold by
Dominguez Casas Ramon Williams and Dominguez Casas Oliver
Bought by
Streamlined Properties Llc
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Matt Kornstedt
Stark Company, REALTORS
List Price
$299,900
Sold Price
$292,500
Premium/Discount to List
-$7,400
-2.47%
Views
22
Current Estimated Value
$343,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,238
Avg. Annual Appreciation
8.43%
Original Mortgage
$219,375
Outstanding Balance
$216,279
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$125,649

Purchase Details

Listed on
Sep 18, 2023
Closed on
Oct 23, 2023
Sold by
Tasi Llc
Bought by
Casas Ramon Williams Dom
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Matt Kornstedt
Stark Company, REALTORS
List Price
$299,900
Sold Price
$292,500
Premium/Discount to List
-$7,400
-2.47%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,375
Outstanding Balance
$216,279
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$125,649

Purchase Details

Closed on
Nov 7, 2018
Sold by
Smith Matthew G
Bought by
Tasi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 11, 2015
Closed on
Nov 25, 2015
Sold by
The Secretary Of Housing & Urban Develop
Bought by
Smith Matthew G
Seller's Agent
Jon Birschbach
The Birschbach Team
Buyer's Agent
Doug Noot
EXP Realty, LLC
List Price
$135,000
Sold Price
$105,000
Premium/Discount to List
-$30,000
-22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.76%

Purchase Details

Closed on
May 16, 2014
Sold by
Bank Of America Na
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
May 13, 2014
Sold by
Rohner Jean G and Haas David L
Bought by
Bank Of America Na
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
Streamlined Properties Llc -- None Listed On Document
Casas Ramon Williams Dom $292,500 None Listed On Document
Tasi Llc $210,000 First American Title
Smith Matthew G -- Attorney
The Secretary Of Housing & Urban Develop $99,900 Attorney
Bank Of America Na -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Casas Ramon Williams Dom $219,375
Previous Owner Tasi Llc $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2023 10/23/23 Sold $292,500 -2.5% $183 / Sq Ft
09/18/2023 09/18/23 For Sale $299,900 +185.6% $187 / Sq Ft
12/01/2015 12/01/15 Sold $105,000 -22.2% $64 / Sq Ft
11/23/2015 11/23/15 Pending -- -- --
07/11/2015 07/11/15 For Sale $135,000 -- $82 / 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 $9,651 $292,500 $114,100 $178,400
2023 $5,036 $298,300 $106,600 $191,700
2021 $4,633 $233,600 $83,500 $150,100
2020 $4,587 $216,300 $77,300 $139,000
2019 $4,439 $210,000 $73,600 $136,400
2018 $3,952 $187,100 $73,600 $113,500
2017 $3,755 $170,100 $66,900 $103,200
2016 $3,003 $128,500 $36,900 $91,600
2015 $3,005 $132,600 $36,900 $95,700
2014 -- $132,600 $36,900 $95,700
2013 $2,819 $130,000 $36,200 $93,800
Source: Public Records

Agents Affiliated with this Home

  • James Stopple

    Seller's Agent in 2023

    James Stopple

    Madison Property Management, Inc.

    (608) 516-8272

    1 in this area

    92 Total Sales

    James Stopple
    Section Image
  • Tony Xiong

    Seller Co-Listing Agent in 2023

    Tony Xiong

    Madison Property Management, Inc.

    (608) 347-7842

    1 in this area

    63 Total Sales

    Tony Xiong
    Section Image
  • Matt Kornstedt

    Buyer's Agent in 2023

    Matt Kornstedt

    Stark Company, REALTORS

    (608) 345-7943

    14 in this area

    1,835 Total Sales

    Matt Kornstedt
    Section Image
  • Jon Birschbach

    Seller's Agent in 2015

    Jon Birschbach

    The Birschbach Team

    (608) 444-9449

    152 Total Sales

    Jon Birschbach
    Section Image
  • Doug Noot

    Buyer's Agent in 2015

    Doug Noot

    EXP Realty, LLC

    (608) 663-8323

    144 Total Sales

    Doug Noot
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1964137

South Central Wisconsin Multiple Listing Service

APN: 0810-312-1812-7

Wisconsin Dane County Madison 53704 Sherman

1937 Spohn Ave Unit 1, Madison, WI

This home is located at 1937 Spohn Ave Unit 1, Madison, WI 53704 since 18 September 2023 and is currently estimated at $343,738, approximately $214 per square foot. This property was built in 1940. 1937 Spohn Ave Unit 1 is a home located in Dane County with nearby schools including Emerson Elementary School, Sherman Middle School, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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