NOT LISTED FOR SALE

2031 Sherman Ave Madison, WI 53704

Estimated Value: $381,000 - $423,000

4 Beds
2 Baths
2,282 Sq Ft
$176/Sq Ft Est. Value

Last Sold April 06, 2023

Last sale price $305,520 $134 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,651/month

23 Days on Market

Highlights

  • 0.33 Acre Lot
  • Accessible Bedroom
  • Property is near a bus stop
  • Eat-In Kitchen
  • Accessible Full Bathroom
  • 4-minute walk to Burrows Park

About This Home

As of April 2023

Two-flat just outside the Isthmus with garage for upper flat and off-street parking for lower flat. Laundry and hardwood floors in each unit. Half block from beautiful Burrows Park on Lake Mendota. Backyard and basement storage area used by lower flat. Residents pay heat and electric. Preauthorized pets accepted.

Last Agent to Sell the Property

Nathan Zukas

Real Broker LLC License #92328-94 Listed on: 02/14/2023

Real Broker LLC

Last Buyer's Agent

Tom Ripple

Investment Realty Services LLC License #8630-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,390

Year Built

  • Built in 1900

Lot Details

  • 0.33

Home Design

  • Duplex
  • Vinyl Siding

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

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

Parking

  • 2 Covered Spaces
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting

Schools

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

Utilities

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

Additional Features

  • Dining Room
  • 0.33 Acre Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-121-9520-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,390

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Barrier Free: First floor bedroom, First floor full bath, Low pile or no carpeting
  • Items Excluded: Seller's and Tenants Personal Property
  • Items Included: 2 range/oven, 2 refrigerators
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 1
  • Number Water Heaters: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Detached, Outside
  • Utilities: Separate elec meters, Separate gas meters

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: 0.33
  • Zoning: R4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 2290

Tax Info

  • Land Assessment: 34300
  • Improvements: 239600
  • Total Assessment: 273900
  • Assessment year: 2022
  • Net Taxes: 5390
  • Tax Year: 2021
  • Assessor Parcel Number: 0709-121-9520-5

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2023
Closed on
Apr 6, 2023
Sold by
Gruber Homes Llc
Bought by
Ripple Trust
Seller's Agent
Nathan Zukas
Real Broker LLC
Buyer's Agent
Tom Ripple
Investment Realty Services LLC
List Price
$374,900
Sold Price
$305,520
Premium/Discount to List
-$69,380
-18.51%
Views
185
Current Estimated Value
$402,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,889
Avg. Annual Appreciation
13.10%

Purchase Details

Closed on
Jun 14, 2021
Sold by
Gruber Gregory A and Gruber Greg
Bought by
Gruber Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Gruber Gregory A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,349
Interest Rate
4.81%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 2, 2010
Sold by
Kuzma Jane O
Bought by
Federal Home Loan Mortgage Corporation
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
Ripple Trust $305,600 --
Gruber Homes Llc -- First American Title
Gruber Gregory A -- First American Title Company
Federal Home Loan Mortgage Corporation $135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gruber Homes Llc $975,000
Previous Owner Gruber Gregory A $200,000
Previous Owner Gruber Gregory A $141,000
Previous Owner Gruber Gregory A $140,349
Previous Owner Eble Jane Owen $385,309
Previous Owner Kuzma Jane O $201,000
Previous Owner Kuzma Jane O $186,225
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 For Rent $1,600 +3.2% --
10/08/2024 10/08/24 Off Market $1,550 -- --
10/03/2024 10/03/24 Price Changed $1,550 0.0% $1 / Sq Ft
04/06/2023 04/06/23 Sold $305,520 -12.7% $134 / Sq Ft
02/27/2023 02/27/23 Price Changed $349,900 -6.7% $153 / Sq Ft
02/14/2023 02/14/23 For Sale $374,900 -- $164 / 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
2023 $5,496 $305,500 $102,900 $202,600
2021 $5,390 $249,500 $34,300 $215,200
2020 $5,019 $225,800 $34,300 $191,500
2019 $4,937 $216,000 $34,300 $181,700
2018 $4,374 $197,400 $34,300 $163,100
2017 $4,014 $182,200 $34,300 $147,900
2016 $3,946 $173,400 $34,300 $139,100
2015 $3,931 $164,500 $34,300 $130,200
2014 $3,939 $164,500 $34,300 $130,200
2013 $4,374 $164,500 $34,300 $130,200
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nathan Zukas

    Real Broker LLC

    Section Image

  • T

    Buyer's Agent in 2023

    Tom Ripple

    Investment Realty Services LLC

    (608) 238-8888

    1 in this area

    3 Total Sales

    Tom Ripple
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1950160

South Central Wisconsin Multiple Listing Service

APN: 0709-121-9520-5

Wisconsin Dane County Madison 53704

2031 Sherman Ave, Madison, WI

This home is located at 2031 Sherman Ave, Madison, WI 53704 since 14 February 2023 and is currently estimated at $402,409, approximately $176 per square foot. This property was built in 1900. 2031 Sherman Ave 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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