NOT LISTED FOR SALE

2029 Greenway Cross Fitchburg, WI 53713

Arbor Hills Neighborhood

Estimated Value: $2,552,497

4 Beds
4 Baths
-- Sq Ft
1.11 Acres

Last Sold May 26, 2016

Last sale price $1,420,000

Est. 80% increase in value since last sale

Current estimated payment $15,938/month

Highlights

  • 1.11 Acre Lot
  • Balcony
  • Property is near a bus stop
  • West High School Rated A
  • Eat-In Kitchen
  • 2-minute walk to Aldo Leopold Park

About This Home

As of May 2016

This property is fantastic! Owner built and managed over 28 years! Always rented. Tenants pay electric heat, plus $45/mo extra for a garage and $15/mo extra for water bills. All units are on month-to month leases. 24 units and 18 garages. Rents are being raised to $650 from current $575.

Last Agent to Sell the Property

Art Luetke

Luetke Investment Real Estate License #25925-90 Listed on: 03/01/2016

Last Buyer's Agent

Robert Helm

Helm Commercial Real Estate License #26994-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,025

Year Built

  • Built in 1987

Lot Details

  • 1.11

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

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

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Schools

  • Leopold Elementary School
  • Cherokee Heights Middle School
  • West High School

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters

Additional Features

  • Balcony
  • 1.11 Acre Lot
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 0609-032-0508-2

Community Details

Overview

  • 24 Units
  • The community has rules related to parking rules

Additional Features

  • Laundry Facilities
  • Net Operating Income $62,736

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,025

Year Built

Built in 1987

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
  • Miscellaneous: Shared laundry, Close to bus line
  • Noi Year: 2015
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 24
  • Number Refrigerators: 24
  • Number Stoves: 24
  • Number Units W Ac: 24
  • Number Water Heaters: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Attached, Parking fee
  • Utilities: Separate elec meters

Fee Information

  • Total Expenses: 101834

Schools

  • School District: Madison
  • Elementary School: Leopold
  • Middle School: Cherokee Heights
  • High School: West
  • Elementary School: Leopold
  • High School: West
  • Middle School: Cherokee Heights
  • School District: Madison

Lot Info

  • Estimated Aces: 1.11
  • Zoning: PD
  • Geo Subdivision: WI

Rental Info

  • Total Income: 164570

Tax Info

  • Land Assessment: 240000
  • Improvements: 1284000
  • Total Assessment: 1524000
  • Assessment year: 2015
  • Net Taxes: 35025
  • Tax Year: 2014
  • Assessor Parcel Number: 0609-032-0508-2

Multi Family

  • Number Of1 Bedrooms: 24
  • Number Of Units: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2018
Sold by
Haven Park Llc
Bought by
Prestige Properties & Design Llc
Current Estimated Value
$2,552,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,449,000
Outstanding Balance
$1,248,785
Interest Rate
4.44%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 1, 2016
Closed on
May 26, 2016
Sold by
Us Bank Ma
Bought by
Haven Park Llc
Seller's Agent
Art Luetke
Luetke Investment Real Estate
Buyer's Agent
Robert Helm
Helm Commercial Real Estate
List Price
$1,500,000
Sold Price
$1,420,000
Premium/Discount to List
-$80,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,136,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 1, 2016
Closed on
May 24, 2016
Sold by
Reese Building Llc
Bought by
Us Bank Na and 1997 Reese Revocable Trust
Seller's Agent
Art Luetke
Luetke Investment Real Estate
Buyer's Agent
Robert Helm
Helm Commercial Real Estate
List Price
$1,500,000
Sold Price
$1,420,000
Premium/Discount to List
-$80,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,136,000
Interest Rate
3.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2012
Sold by
Reese Maurice J
Bought by
Reese Building Company Llc
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
Prestige Properties & Design Llc $1,610,000 First American Title
Haven Park Llc $1,420,000 Attorney
Us Bank Na -- Attorney
Reese Building Company Llc -- None Available
Reese Maurice J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Prestige Properties & Design Llc $1,449,000
Previous Owner Haven Park Llc $1,136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2016 05/26/16 Sold $1,420,000 -5.3% --
03/21/2016 03/21/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $1,500,000 -- --
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 $102,115 $2,853,000 $264,000 $2,589,000
2023 $45,907 $2,481,000 $264,000 $2,217,000
2021 $36,956 $1,723,000 $264,000 $1,459,000
2020 $38,632 $1,723,000 $264,000 $1,459,000
2019 $36,237 $1,610,000 $264,000 $1,346,000
2018 $31,900 $1,420,000 $264,000 $1,156,000
2017 $33,375 $1,420,000 $264,000 $1,156,000
2016 $38,275 $1,600,000 $240,000 $1,360,000
2015 $36,824 $1,451,000 $240,000 $1,211,000
2014 $35,075 $1,451,000 $240,000 $1,211,000
2013 $30,308 $1,451,000 $240,000 $1,211,000
Source: Public Records

Agents Affiliated with this Home

  • Art Luetke

    Seller's Agent in 2016

    Art Luetke

    Luetke Investment Real Estate

    (608) 240-8840

    2 Total Sales

    Art Luetke
    Section Image

  • R

    Buyer's Agent in 2016

    Robert Helm

    Helm Commercial Real Estate

See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1768476

South Central Wisconsin Multiple Listing Service

APN: 0609-032-0508-2

Wisconsin Dane County Fitchburg 53713 Arbor Hills

2029 Greenway Cross, Fitchburg, WI

This home is located at 2029 Greenway Cross, Fitchburg, WI 53713 since 01 March 2016 and is currently priced at $2,552,497. This property was built in 1987. 2029 Greenway Cross is a home located in Dane County with nearby schools including Leopold Elementary School, Cherokee Heights Middle School, and West 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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