NOT LISTED FOR SALE

1938 E Washington Ave Madison, WI 53704

Emerson East Neighborhood

Estimated Value: $360,000 - $407,000

3 Beds
3 Baths
1,260 Sq Ft
$309/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $381,000 $302 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,977/month

4 Days on Market

Highlights

  • Eat-In Kitchen
  • Water Softener is Owned
  • Family Room
  • Property is near a bus stop
  • Forced Air Heating System
  • 5-minute walk to Emerson East Park

About This Home

As of June 2024

East side 3-Unit at unbelievable price. Easy to manage, well maintained rental. Tons of recent mechanical updates including roof, electrical services, water heater and furnace. Plenty of fresh paved parking. Simple but well laid out. Spacious clean, common basement with laundry and storage. This property is under rented to longer term tenants. Plenty more upside when leases renew or with modest updating. For more photos and info visit lauerrealtygroup.com or call Ben Anton at 608-513-9757.

Last Agent to Sell the Property

Ben Anton

Lauer Realty Group, Inc. License #53852-90 Listed on: 06/06/2024

Last Buyer's Agent

Monika Ramsey

First Weber Inc License #52604-90

First Weber Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,447

Year Built

  • Built in 1941

Lot Details

  • 5,663

Home Design

  • Poured Concrete
  • Vinyl Siding

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 3 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Family Room
  • 5,663 Sq Ft Lot
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 0710-063-1123-8

Community Details

Overview

  • 3 Units
  • Emerson East Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,447

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Items Excluded: Seller's and or tenant's personal property.
  • Items Included: 3 Ranges/Ovens, 3 Refrigerators, 3 Window AC Units, Washer/Dryer, Water Softener, Furnace
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Dryers: 1
  • Number Units W Ac: 3
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 3

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space, Outside
  • Utilities: Separate elec meters

Schools

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

Lot Info

  • Estimated Aces: 0.13
  • Zoning: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 28740

Tax Info

  • Net Taxes: 5447
  • Tax Year: 2023
  • Assessor Parcel Number: 0710-063-1123-8

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of Efficiencies: 2
  • Number Of Units: 3

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Jun 26, 2024
Sold by
Kane Katie
Bought by
Sabin Benjamin W and Sabin Dawn R
Seller's Agent
Ben Anton
Lauer Realty Group, Inc.
Buyer's Agent
Monika Ramsey
First Weber Inc
List Price
$341,000
Sold Price
$381,000
Premium/Discount to List
$40,000
11.73%
Views
29
Current Estimated Value
$388,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,827
Avg. Annual Appreciation
1.53%

Purchase Details

Closed on
Sep 17, 2015
Sold by
Karls Mark R and Karls Carolyn M
Bought by
Kane Katie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 11, 2015
Sold by
Laufenberg Raymond T
Bought by
Karis Mark R and Karis Carolyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2007
Sold by
Raymond T Laufenberg Revocable Trust
Bought by
Karls Mark R and Karls Carolyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
6.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 3, 1995
Sold by
Laufenberg Raymond T
Bought by
Laufenberg Raymond T and Raymond T Laufenberg Revocable Trust
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
Sabin Benjamin W $381,000 None Listed On Document
Kane Katie $138,000 Attorney
Karis Mark R -- Attorney
Karls Mark R $155,000 None Available
Laufenberg Raymond T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kane Katie $113,000
Previous Owner Karls Mark R $139,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2024 06/26/24 Sold $381,000 +11.7% $302 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $341,000 -- $271 / 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 $11,304 $324,000 $120,900 $203,100
2023 $5,447 $302,800 $113,000 $189,800
2021 $5,199 $245,800 $94,300 $151,500
2020 $5,035 $227,600 $87,300 $140,300
2019 $4,588 $206,900 $83,100 $123,800
2018 $4,158 $188,100 $83,100 $105,000
2017 $3,910 $171,000 $79,900 $91,100
2016 $4,019 $171,000 $75,400 $95,600
2015 $3,437 $137,000 $67,700 $69,300
2014 $3,241 $137,000 $67,700 $69,300
2013 $2,988 $133,000 $65,700 $67,300
Source: Public Records

Agents Affiliated with this Home

  • Ben Anton

    Seller's Agent in 2024

    Ben Anton

    Lauer Realty Group, Inc.

    (608) 513-9757

    11 in this area

    129 Total Sales

    Ben Anton
    Section Image
  • Monika Ramsey

    Buyer's Agent in 2024

    Monika Ramsey

    First Weber Inc

    (608) 219-8907

    2 in this area

    49 Total Sales

    Monika Ramsey
    Section Image
See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1978876

South Central Wisconsin Multiple Listing Service

APN: 0710-063-1123-8

Wisconsin Dane County Madison 53704 Emerson East

1938 E Washington Ave, 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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