NOT LISTED FOR SALE

209 S Orchard St Unit 1 Madison, WI 53715

Greenbush Neighborhood

Estimated Value: $600,000 - $657,000

6 Beds
2 Baths
1,848 Sq Ft
$341/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $480,000 $260 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $4,804/month

About This Home

As of June 2022

It has been said that THERE IS NO ALTERNATIVE(TINA) to the stock market for investing. WELL HERE IT IS. This well maintained property has low maintenance expenses. That is due to the building being constructed in 1981, having aluminum siding, no furnaces because of electric baseboard heating, and parking directly off an alley... therefore no driveway to maintain. In addition, all utilities are separate and paid by the tenants. This property is very appealing to tenants because of its close proximity to the UW Campus, two parking spaces per unit, large decks and storage lockers. DO NOT LET THIS ONE SLIP AWAY.

Last Agent to Sell the Property

Tom Goulette

Goulette Appraisal Service License #37255-90 171-9 Listed on: 04/26/2022

Last Buyer's Agent

Luke Bruckner

Bunbury & Assoc, REALTORS License #63334-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,415

Year Built

  • Built in 1981

Lot Details

  • 5,401

Home Design

  • Duplex

Parking

  • 4 Open Parking Spaces
  • Outside Parking

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Utilities

  • Radiant Heating System
  • Separate Meters
  • Separate Water Meter

Additional Features

  • 2-Story Property
  • 5,401 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-224-2209-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,415

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Items Included: All kitchen appliances and water softeners for each unit are included.
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Parking Stalls Outside: 4

Utilities

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

Schools

  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.124
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 34560

Tax Info

  • Net Taxes: 9415
  • Tax Year: 2021
  • Assessor Parcel Number: 0709-224-2209-6

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2022
Closed on
Jun 2, 2022
Sold by
Goulette Stephen J and Goulette Elizabeth J
Bought by
Oghalal John S and Oghalal Tracy U
Seller's Agent
Tom Goulette
Goulette Appraisal Service
Buyer's Agent
Luke Bruckner
Bunbury & Assoc, REALTORS
List Price
$459,900
Sold Price
$480,000
Premium/Discount to List
$20,100
4.37%
Current Estimated Value
$630,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,994
Avg. Annual Appreciation
8.35%
Original Mortgage
$288,000
Outstanding Balance
$271,109
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$359,885
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
Oghalal John S $480,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oghalal John S $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2022 06/02/22 Sold $480,000 +4.4% $260 / Sq Ft
04/28/2022 04/28/22 Pending -- -- --
04/26/2022 04/26/22 For Sale $459,900 -- $249 / 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 $18,017 $513,600 $201,500 $312,100
2023 $8,686 $480,000 $155,000 $325,000
2021 $9,415 $437,300 $133,000 $304,300
2020 $9,018 $404,900 $133,000 $271,900
2019 $8,702 $389,300 $127,900 $261,400
2018 $7,967 $357,200 $118,400 $238,800
2017 $7,566 $327,700 $118,400 $209,300
2016 $7,193 $303,400 $109,600 $193,800
2015 $7,055 $294,600 $90,800 $203,800
2014 $7,059 $294,600 $90,800 $203,800
2013 $6,710 $294,600 $84,900 $209,700
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Tom Goulette

    Goulette Appraisal Service

    (608) 238-2631

    1 in this area

    4 Total Sales

    Tom Goulette
    Section Image
  • Luke Bruckner

    Buyer's Agent in 2022

    Luke Bruckner

    Bunbury & Assoc, REALTORS

    (608) 445-9852

    4 in this area

    252 Total Sales

    Luke Bruckner
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1932721

South Central Wisconsin Multiple Listing Service

APN: 0709-224-2209-6

Wisconsin Dane County Madison 53715 Greenbush

209 S Orchard St Unit 1, Madison, WI

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