Seller's Agent in 2021
Art Luetke
Luetke Investment Real Estate
(608) 240-8840
1 in this area
2 Total Sales
2222 Independence Ln Madison, WI 53704
Greater Sandburg NeighborhoodEstimated Value: $2,298,853
4
Beds
4
Baths
--
Sq Ft
0.49
Acres
Highlights
- 0.49 Acre Lot
- Property is near bus stop
- Water Softener is Owned
- Balcony
- Outdoor Storage
- Family Room
About This Home
As of December 202120 unit apartment building on Madison's East Side. All units have been renovated. Units 1-16 heat is included in the rent, units 17-20 (4 units in lower level) heat is electric and tenants pay. Long time Resident manager (unit #3) is credited $300 per month and total gross income does not reflect credit. New roof 2016. Rent roll, expenses survey and driveway easement are on associated docs, accessible by clicking on first little square (D). Partnership has owned building since 1993. Listing broker is part-owner.
Last Agent to Sell the Property
Luetke Investment Real Estate License #25925-90 Listed on: 08/09/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $27,780
Year Built
- Built in 1968
Lot Details
- 0.49
Home Design
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 3-Story Property
- Family Room
- Partially Finished Basement
- Basement Fills Entire Space Under The House
- Oven or Range
Parking
- 16 Open Parking Spaces
- Outside Parking
Outdoor Features
- Balcony
- Outdoor Storage
Schools
- Sandburg Elementary School
- Sherman Middle School
- East High School
Utilities
- Radiant Heating System
- Separate Meters
- Individual Controls for Heating
- Water Softener is Owned
Additional Features
- 0.49 Acre Lot
- Property is near bus stop
Community Details
- 20 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 0810-284-0108-2
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2021
Closed on
Dec 10, 2021
Sold by
Holiday Terrace Llc
Bought by
2222 Independence Lane Llc
Seller's Agent
Art Luetke
Luetke Investment Real Estate
Buyer's Agent
Kyle Ebley
Realty Executives Cooper Spransy
List Price
$1,800,000
Sold Price
$1,750,000
Premium/Discount to List
-$50,000
-2.78%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$548,853
Avg. Annual Appreciation
6.83%
Original Mortgage
$1,320,000
Outstanding Balance
$1,213,728
Interest Rate
3.09%
Mortgage Type
Commercial
Estimated Equity
$1,085,125
Purchase Details
Closed on
Jul 1, 2011
Sold by
Terrace Holiday
Bought by
Holiday Terrace Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2222 Independence Lane Llc | $1,750,000 | None Available | |
| Holiday Terrace Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 2222 Independence Lane Llc | $1,320,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/10/2021 12/10/21 | Sold | $1,750,000 | -2.8% | -- |
| 09/03/2021 09/03/21 | Pending | -- | -- | -- |
| 08/09/2021 08/09/21 | For Sale | $1,800,000 | -- | -- |
Source: South Central Wisconsin Multiple Listing Service
Tax History Compared to Growth
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 | $67,989 | $1,925,000 | $160,000 | $1,765,000 |
| 2023 | $31,899 | $1,750,000 | $160,000 | $1,590,000 |
| 2022 | $69,184 | $1,750,000 | $160,000 | $1,590,000 |
| 2021 | $27,905 | $1,302,000 | $118,000 | $1,184,000 |
| 2020 | $27,781 | $1,240,000 | $118,000 | $1,122,000 |
| 2019 | $27,891 | $1,240,000 | $118,000 | $1,122,000 |
| 2018 | $27,126 | $1,208,000 | $117,500 | $1,090,500 |
| 2017 | $25,537 | $1,098,000 | $117,500 | $980,500 |
| 2016 | $23,844 | $998,000 | $106,500 | $891,500 |
| 2015 | $22,925 | $905,000 | $106,500 | $798,500 |
| 2014 | $21,847 | $905,000 | $106,500 | $798,500 |
| 2013 | $18,974 | $905,000 | $106,500 | $798,500 |
Source: Public Records
Agents Affiliated with this Home
-
Art Luetke
-
Kyle Ebley
Buyer's Agent in 2021
Kyle Ebley
Realty Executives
(608) 572-2084
3 in this area
154 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1916847
APN: 0810-284-0108-2
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