NOT LISTED FOR SALE

20 E Gorham St Unit D Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $634,085 - $732,000

5 Beds
2 Baths
2,132 Sq Ft
$322/Sq Ft Est. Value

Last Sold September 17, 2021

Last sale price $520,000 $244 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $5,227/month

76 Days on Market

Highlights

  • Property is near bus stop
  • Laundry Facilities
  • 1-minute walk to Period Garden Park
  • Water Softener is Owned

About This Home

As of September 2021

Rare opportunity to own adjacent income generating properties in downtown Madison. This investment property offers 2 stories of rental potential. First floor with one 2-bedroom unit and 2nd/3rd floors with one -3-4 bedroom unit. The top floor has amazing open rec or bedroom space. Located just blocks from the Capitol square, State Street, UW Madison and Lake Mendota this property is walking distance to everything Madison has to offer. Neighboring property sold separately. See MLS# 10910665, 1910669, 1901678 for full portfolio.

Last Agent to Sell the Property

Chas Martin

Sprinkman Real Estate License #57744-90 Listed on: 05/28/2021

Last Buyer's Agent

Tammy Krez

Stark Company, REALTORS License #53225-90

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,684

Year Built

  • Built in 1884

Lot Details

  • 4,356

Home Design

  • Brick Exterior Construction

Interior Spaces

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

Schools

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

Additional Features

  • 4,356 Sq Ft Lot
  • Property is near bus stop
  • Water Softener is Owned

Community Details

  • 2 Units
  • Laundry Facilities
  • Net Operating Income $24,467

Listing and Financial Details

  • Assessor Parcel Number 0709-144-0715-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,684

Year Built

Built in 1884

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
  • Items Excluded: Seller/Tenant Personal Belongings
  • Items Included: range/ovens, refrigerators, dishwashers, window coverings, A/C units
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1884
  • 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: Brick

Garage/Parking

  • Heating Fuel: Natural Gas

Utilities

  • Water Waste: Municipal water, Municipal sewer

Fee Information

  • Total Expenses: 17919

Schools

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

Lot Info

  • Estimated Aces: 0.1
  • Zoning: DR1,HIS-MH
  • Geo Subdivision: WI

Rental Info

  • Total Income: 42386

Tax Info

  • Net Taxes: 6684
  • Tax Year: 2020
  • Assessor Parcel Number: 0709-144-0715-5

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
May 28, 2021
Closed on
Sep 17, 2021
Sold by
Christianson Ventures Llc
Bought by
Lubinsky Lori A and Erlandson Andrew W
Seller's Agent
Chas Martin
Sprinkman Real Estate
Buyer's Agent
Tammy Krez
Stark Company, REALTORS
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%
Current Estimated Value
$687,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,021
Avg. Annual Appreciation
6.72%
Original Mortgage
$416,000
Outstanding Balance
$377,964
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$309,057

Purchase Details

Listed on
Nov 28, 2012
Closed on
Jan 30, 2013
Sold by
U S Bank National Association
Bought by
Christianson Ventures Llc
Seller's Agent
Art Luetke
Luetke Investment Real Estate
Buyer's Agent
Mark Gladue
Lauer Realty Group, Inc.
List Price
$219,000
Sold Price
$250,000
Premium/Discount to List
$31,000
14.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.88%
Original Mortgage
$1,105,000
Interest Rate
3.3%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lubinsky Lori A $520,000 Nations Title
Christianson Ventures Llc $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lubinsky Lori A $416,000
Previous Owner Christianson Ventures Llc $1,105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/17/2021 09/17/21 Sold $520,000 -1.0% $244 / Sq Ft
06/02/2021 06/02/21 For Sale $525,000 +1.0% $246 / Sq Ft
06/01/2021 06/01/21 Off Market $520,000 -- --
05/28/2021 05/28/21 For Sale $525,000 +110.0% $246 / Sq Ft
02/08/2013 02/08/13 Sold $250,000 +14.2% -- View Prior Sale
12/24/2012 12/24/12 Pending -- -- --
11/28/2012 11/28/12 For Sale $219,000 -- --
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 $19,671 $560,300 $139,100 $421,200
2023 $9,482 $523,600 $139,100 $384,500
2021 $6,904 $325,100 $139,100 $186,000
2020 $6,684 $301,000 $135,000 $166,000
2019 $6,711 $301,000 $140,000 $161,000
2018 $6,379 $286,700 $140,000 $146,700
2017 $6,610 $286,700 $140,000 $146,700
2016 $6,464 $273,000 $127,300 $145,700
2015 $6,532 $260,000 $127,300 $132,700
2014 $6,221 $260,000 $127,300 $132,700
2013 $5,807 $250,000 $120,100 $129,900
Source: Public Records

Agents Affiliated with this Home

  • Chas Martin

    Seller's Agent in 2021

    Chas Martin

    Sprinkman Real Estate

    (608) 334-9042

    23 in this area

    359 Total Sales

    Chas Martin
    Section Image
  • Tammy Krez

    Buyer's Agent in 2021

    Tammy Krez

    Stark Company, REALTORS

    (608) 220-9795

    4 in this area

    153 Total Sales

    Tammy Krez
    Section Image
  • Art Luetke

    Seller's Agent in 2013

    Art Luetke

    Luetke Investment Real Estate

    (608) 240-8840

    2 Total Sales

    Art Luetke
    Section Image
  • Mark Gladue

    Buyer's Agent in 2013

    Mark Gladue

    Lauer Realty Group, Inc.

    (608) 658-0467

    15 in this area

    204 Total Sales

    Mark Gladue
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1910669

South Central Wisconsin Multiple Listing Service

APN: 0709-144-0715-5

Wisconsin Dane County Madison 53703 Downtown Madison

20 E Gorham St Unit D, Madison, WI

Not Listed for Sale

MultiFamily

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