NOT LISTED FOR SALE

1955 E Washington Ave Unit 2 Madison, WI 53704

Atwood Neighborhood

Estimated Value: $426,000 - $516,000

2 Beds
2 Baths
1,771 Sq Ft
$262/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $319,000 $180 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,893/month

Highlights

  • Sun or Florida Room
  • Balcony
  • Laundry Room
  • Den
  • Eat-In Kitchen
  • Accessible Bedroom

About This Home

As of November 2020

DON’T MISS OUT ON A CHANCE FOR A MADISON RENTAL INVESTMENT! Sunny 2 flat property conveniently located on East Washington within walking distance to so much in Madison: Festival Foods, Willy St Co-op, Atwood Ave, local festivals & several parks! Both units include private areas where bikes/shoes etc. can be stored, private laundry areas for each unit. Each unit is 1 bed/1 bath w/spacious living areas & large kitchens! Unit 1 rent is $1145 thru 7/31/2021. Unit 2 rent is $1095 thru 1/31/2021. SQFT in rooms is approximate, buyer to verify if important. Check out video tour and all owner updates in associated docs! SHOWING UNIT 2 ONLY ON TUES/THURS 4-6PM W/48 HR NOTICE. UNIT 1 TO BE SHOWN UPON A/O. PRE-APPROVAL REQUIRED. OFFERS PRESENTED AS SUBMITTED -- PLEASE ALLOW 48 HOURS FOR ACCEPTANCE.

Last Agent to Sell the Property

Mark Hewitt

Realty Executives Cooper Spransy License #85967-94 Listed on: 07/24/2020

Realty Executives Cooper Spransy

Last Buyer's Agent

Mark Hewitt

Realty Executives Cooper Spransy License #85967-94 Listed on: 07/24/2020

Realty Executives Cooper Spransy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,640

Year Built

  • Built in 1904

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Interior Spaces

  • 2-Story Property
  • Family Room
  • Den
  • Sun or Florida Room
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Open Parking Space
  • Driveway Level
  • On-Street Parking
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting

Schools

  • Lapham/Marquette Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener is Owned

Additional Features

  • Balcony
  • Property is near a bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-063-1207-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,640

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story
  • Barrier Free: First floor bedroom, First floor full bath, Level drive, Level lot, Door openings 29" or more, Low pile or no carpeting
  • Items Excluded: Tenants personal items, screens on the back storm door belong to the Unit 1 tenant.
  • Items Included: 2 washer, 2 dryers, 2 refrigerators, 2 ovens, 1 microwave, water softener
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard
  • Number Dish Washers: 1
  • Number Dryers: 2
  • Number Units W Ac: 2
  • Number Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Fiber Cement

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 1

Utilities

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

Schools

  • Elementary School: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.12
  • Zoning: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 26880

Tax Info

  • Net Taxes: 6640
  • Tax Year: 2019
  • Assessor Parcel Number: 0710-063-1207-0

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Nov 16, 2020
Sold by
Soleimanbeigi Ali
Bought by
Lancasteer Jacob and Cox Chelsea
Seller's Agent
Mark Hewitt
Realty Executives Cooper Spransy
Buyer's Agent
Mark Hewitt
Realty Executives Cooper Spransy
List Price
$334,900
Sold Price
$319,000
Premium/Discount to List
-$15,900
-4.75%
Current Estimated Value
$463,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,342
Avg. Annual Appreciation
7.82%
Original Mortgage
$271,150
Outstanding Balance
$241,285
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$222,057

Purchase Details

Listed on
Sep 17, 2015
Closed on
Oct 21, 2015
Sold by
Powem Tracey S
Bought by
Soleimanbeigi Ali
Seller's Agent
Adrienne Sella
Real Broker LLC
Buyer's Agent
Heather Weasler
Real Broker LLC
List Price
$169,900
Sold Price
$160,000
Premium/Discount to List
-$9,900
-5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.73%

Purchase Details

Closed on
Jul 31, 2009
Sold by
Clark Kitowski Phyllis and Steinhofer Kenneth J
Bought by
Powers Tracey S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,616
Interest Rate
5.49%
Mortgage Type
FHA
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
Lancasteer Jacob $319,000 None Available
Soleimanbeigi Ali $160,000 Attorney
Powers Tracey S $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lancasteer Jacob $271,150
Previous Owner Powers Tracey S $73,616
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2020 11/13/20 Sold $319,000 -3.2% $180 / Sq Ft
08/17/2020 08/17/20 Price Changed $329,500 -1.6% $186 / Sq Ft
07/24/2020 07/24/20 For Sale $334,900 +109.3% $189 / Sq Ft
11/09/2015 11/09/15 Sold $160,000 -5.8% $89 / Sq Ft View Prior Sale
09/30/2015 09/30/15 Pending -- -- --
09/17/2015 09/17/15 For Sale $169,900 -- $94 / 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 $14,307 $424,000 $66,700 $357,300
2023 $6,827 $396,300 $66,700 $329,600
2021 $6,469 $319,000 $58,900 $260,100
2020 $6,333 $294,000 $54,500 $239,500
2019 $6,640 $280,000 $48,200 $231,800
2018 $5,480 $236,000 $48,200 $187,800
2017 $3,833 $170,600 $40,200 $130,400
2016 $3,605 $160,000 $40,200 $119,800
2015 $3,802 $160,700 $40,200 $120,500
2014 $3,684 $160,700 $40,200 $120,500
2013 $4,541 $153,300 $38,700 $114,600
Source: Public Records

Agents Affiliated with this Home

  • Mark Hewitt

    Seller's Agent in 2020

    Mark Hewitt

    Realty Executives

    (608) 960-8283

    2 in this area

    79 Total Sales

    Mark Hewitt
    Section Image
  • Adrienne Sella

    Seller's Agent in 2015

    Adrienne Sella

    Real Broker LLC

    (608) 886-7139

    4 in this area

    55 Total Sales

    Adrienne Sella
    Section Image
  • Heather Weasler

    Buyer's Agent in 2015

    Heather Weasler

    Real Broker LLC

    (608) 333-4553

    2 in this area

    44 Total Sales

    Heather Weasler
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1889260

South Central Wisconsin Multiple Listing Service

APN: 0710-063-1207-0

Wisconsin Dane County Madison 53704 Atwood

1955 E Washington Ave Unit 2, Madison, WI

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