NOT LISTED FOR SALE

2118 E Washington Ave Madison, WI 53704

Emerson East Neighborhood

Estimated Value: $659,671 - $714,000

6 Beds
4 Baths
3,300 Sq Ft
$209/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $585,000 $177 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,316/month

4 Days on Market

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Central Air
  • Balcony
  • Outdoor Storage
  • Water Softener is Owned

About This Home

As of January 2023

Fantastic 3-unit investment opportunity on the bustling near east side! Perfect for an owner occupant or a turnkey addition to an experienced investor's portfolio. The vacant first floor unit has been completely remodeled top to bottom with granite counter tops, tile backsplash, tile shower surrounds, refinished hardwood floors, etc. All apartments have private entry ways. Unit 2116 - 3BD/2BA - Vacant w/ rent estimated at $2100, Unit 2118 - 2BD/1BA - $1290/month and market rent estimated at $1450/month. Unit 2120 - 1BD/1BA - $1050/month w/ market rent estimated at $1150/month.

Last Agent to Sell the Property

The Hub Team

The Hub Realty Listed on: 11/22/2022

Last Buyer's Agent

Suzanna Cecchin

Weichert, Realtors- Lakepoint License #91557-94

Weichert, Realtors- Lakepoint

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,969

Year Built

  • Built in 1917

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 4 Open Parking Spaces

Home Design

  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • Family Room
  • Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher

Outdoor Features

  • Balcony
  • Outdoor Storage

Schools

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

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0710-063-0420-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,969

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Miscellaneous: Shared laundry, Water Softener Owned
  • Year Built: 1917
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Units W Ac: 3
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 4

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space, 2 spaces
  • Utilities: Separate elec meters, Separate gas meters

Schools

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

Lot Info

  • Estimated Aces: 0.17
  • Zoning: TR-V1
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 8969
  • Tax Year: 2021
  • Assessor Parcel Number: 0710-063-0420-9

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 3

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2024
Sold by
Andrew G Mack Revocable Trust and Karen A Mack Revocable Trust
Bought by
2118 Llc
Current Estimated Value
$691,168

Purchase Details

Listed on
Nov 22, 2022
Closed on
Jan 3, 2023
Sold by
Richters Paul
Bought by
Andrew G Mack Revocable Living Trust and Karen Mack Revocable Living Trust
Seller's Agent
The Hub Team
The Hub Realty
Buyer's Agent
Suzanna Cecchin
Weichert, Realtors- Lakepoint
List Price
$585,000
Sold Price
$585,000
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$335,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 7, 2019
Closed on
Mar 27, 2019
Sold by
Shelhamer Geraldine D
Bought by
Richters Paul
Seller's Agent
Nate Lancaster
EXP Realty, LLC
Buyer's Agent
Paul Richters
The Hub Realty
List Price
$354,900
Sold Price
$390,000
Premium/Discount to List
$35,100
9.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.32%
Original Mortgage
$382,936
Interest Rate
4.62%
Mortgage Type
FHA
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
2118 Llc -- None Listed On Document
2118 Llc -- None Listed On Document
Andrew G Mack Revocable Living Trust $585,000 --
Richters Paul $390,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andrew G Mack Revocable Living Trust $335,000
Previous Owner Richters Paul $382,936
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/03/2023 01/03/23 Sold $585,000 0.0% $177 / Sq Ft
11/26/2022 11/26/22 Pending -- -- --
11/22/2022 11/22/22 For Sale $585,000 +50.0% $177 / Sq Ft
03/27/2019 03/27/19 Sold $390,000 +9.9% $240 / Sq Ft View Prior Sale
02/18/2019 02/18/19 Pending -- -- --
02/13/2019 02/13/19 For Sale $354,900 -9.0% $219 / Sq Ft
02/08/2019 02/08/19 Off Market $390,000 -- --
02/07/2019 02/07/19 For Sale $354,900 -- $219 / 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 $20,457 $582,500 $160,500 $422,000
2023 $9,397 $518,900 $150,000 $368,900
2021 $8,969 $421,200 $125,100 $296,100
2020 $8,683 $390,000 $115,800 $274,200
2019 $6,977 $312,800 $110,300 $202,500
2018 $6,327 $284,400 $110,300 $174,100
2017 $5,952 $258,500 $106,100 $152,400
2016 $6,117 $258,500 $100,100 $158,400
2015 $6,181 $243,900 $89,900 $154,000
2014 $5,831 $243,900 $89,900 $154,000
2013 $5,379 $236,800 $87,300 $149,500
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    The Hub Team

    The Hub Realty

    (608) 556-4400

    3 in this area

    265 Total Sales

    The Hub Team
    Section Image
  • Suzanna Cecchin

    Buyer's Agent in 2023

    Suzanna Cecchin

    Weichert, Realtors- Lakepoint

    (608) 217-7797

    2 in this area

    12 Total Sales

    Suzanna Cecchin
    Section Image
  • Nate Lancaster

    Seller's Agent in 2019

    Nate Lancaster

    EXP Realty, LLC

    (608) 214-4435

    516 Total Sales

    Nate Lancaster
    Section Image
  • Paul Richters

    Buyer's Agent in 2019

    Paul Richters

    The Hub Realty

    (608) 438-8715

    1 Total Sale

    Paul Richters
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1947165

South Central Wisconsin Multiple Listing Service

APN: 0710-063-0420-9

Wisconsin Dane County Madison 53704 Emerson East

2118 E Washington Ave, Madison, WI

Not Listed for Sale

MultiFamily

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