NOT LISTED FOR SALE

2038 Sherman Ave Madison, WI 53704

Estimated Value: $355,000 - $764,000

4 Beds
2 Baths
2,164 Sq Ft
$234/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $320,000 $148 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,139/month

4 Days on Market

Highlights

  • Wood Flooring
  • Detached Garage
  • Forced Air Heating System
  • Balcony
  • Eat-In Kitchen
  • 3-minute walk to Burrows Park

About This Home

As of June 2023

Showings begin 4/14. Great opportunity to add to your portfolio! This Owner Occupied two-flat is located in the highly desirable Maple Bluff. Adjacent from Burrows Park and a few walkable blocks from Tenney Park. The seller has had an outstanding long-term rental history. The owner pays for all utilities. Large private driveway for both units.

Last Agent to Sell the Property

Daniel Tenney

MHB Real Estate License #55376-90 Listed on: 04/03/2023

Last Buyer's Agent

Jeffrey Cullen

Weichert, Realtors- Lakepoint License #84620-94

Weichert, Realtors- Lakepoint

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,215

Year Built

  • Built in 1900

Lot Details

  • 6,534

Parking

  • Detached Garage

Home Design

  • Duplex
  • Block Foundation

Interior Spaces

  • Family Room
  • Dining Room
  • Wood Flooring
  • Block Basement Construction

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Laundry

  • Laundry in unit
  • Washer and Dryer

Schools

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

Additional Features

  • Balcony
  • 6,534 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 2 Units
  • Maple Bluff Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0709-121-8345-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,215

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Municipality: Maple Bluff
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Items Excluded: Sellers/Renters personal property, upright freezer in 1st floor unit
  • Items Included: Both Units Refrigerator, Range/Oven, Microwave, All Window Coverings/Blinds, 1st Unit Washer/Dryer
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block foundation
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel

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

Schools

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

Lot Info

  • Estimated Aces: 0.15
  • Zoning: R4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 10800

Tax Info

  • Net Taxes: 5215
  • Tax Year: 2021
  • Assessor Parcel Number: 0709-121-8345-0

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2025
Sold by
Cullen Jeffrey J and Cullen Alma R
Bought by
Cullen Alma R
Current Estimated Value
$507,054

Purchase Details

Listed on
Apr 3, 2023
Closed on
Jun 5, 2023
Sold by
Lemke Mary Susan
Bought by
Cullen Jeffrey and Cullen Alma
Seller's Agent
Daniel Tenney
MHB Real Estate
Buyer's Agent
Jeffrey Cullen
Weichert, Realtors- Lakepoint
List Price
$293,900
Sold Price
$320,000
Premium/Discount to List
$26,100
8.88%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.70%
Original Mortgage
$240,000
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2018
Sold by
Peters Roger G and Susan Lemke Mary
Bought by
Peters Roger G and Lemke Mary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,870
Interest Rate
4.5%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Cullen Alma R -- None Listed On Document
Cullen Jeffrey $320,000 None Listed On Document
Peters Roger G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cullen Jeffrey $240,000
Previous Owner Peters Roger G $166,870
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2023 06/15/23 Sold $320,000 +8.9% $148 / Sq Ft
04/13/2023 04/13/23 For Sale $293,900 -8.2% $136 / Sq Ft
04/03/2023 04/03/23 Off Market $320,000 -- --
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 $5,886 $257,800 $108,500 $149,300
2023 $5,736 $257,800 $108,500 $149,300
2022 $5,104 $257,800 $108,500 $149,300
2021 $5,215 $257,800 $108,500 $149,300
2020 $5,137 $199,000 $63,000 $136,000
2019 $4,607 $199,000 $63,000 $136,000
2018 $4,248 $199,000 $63,000 $136,000
2017 $4,150 $199,000 $63,000 $136,000
2016 $4,119 $199,000 $63,000 $136,000
2015 $4,066 $199,000 $63,000 $136,000
2014 -- $204,500 $79,300 $125,200
2013 $4,122 $204,500 $79,300 $125,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1952819

South Central Wisconsin Multiple Listing Service

APN: 0709-121-8345-0