NOT LISTED FOR SALE

Estimated Value: $516,993 - $668,000

8 Beds
4 Baths
3,600 Sq Ft
$168/Sq Ft Est. Value

Last Sold November 29, 2023

Last sale price $559,900 $156 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,592/month

280 Days on Market

About This Home

As of November 2023

Classic brick 4-unit apartment building. Current gross rents are over $57,000/year and owner believes they could be increased. Two lease extensions have been signed to bring the gross rents up even higher! Laundry is leased to a local laundry service for additional income without the headache of maintaining laundry machines. Well-maintained, money making, 4-unit apartment building for less than $140,000/unit. Each unit includes 2-bedrooms, 1 bathroom, kitchen, living room, storage, and assigned parking. Conveniently close to Warner Park, Willy Street Coop, multiple restaurants, and the beautiful Lake Mendota. Broker owned. Seller is FIRM on price.

Last Agent to Sell the Property

Eric Breidel

Investment Realty Services LLC License #58198-90 Listed on: 01/18/2023

Last Buyer's Agent

Eric Breidel

Investment Realty Services LLC License #58198-90 Listed on: 01/18/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,822

Year Built

  • Built in 1959

Lot Details

  • 10,454 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters

Community Details

  • 4 Units
  • Brentwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0809-364-0312-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,822

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Items Excluded: Personal property of the seller and/or tenants
  • Items Included: 4 Refrigerators, 4 Range/Ovens, 4 Dishwashers
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 4
  • Number Furnaces: 1
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Units W Ac: 4
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space
  • Utilities: Separate elec 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: 0.24
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 56500

Tax Info

  • Land Assessment: 74000
  • Improvements: 325000
  • Total Assessment: 399000
  • Assessment year: 2022
  • Net Taxes: 7822
  • Tax Year: 2022
  • Assessor Parcel Number: 0809-364-0312-2

Multi Family

  • Number Of2 Bedrooms: 4
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2024
Sold by
Seidler Properties Llc
Bought by
Zhang Cissy
Current Estimated Value
$557,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Outstanding Balance
$395,905
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$153,074

Purchase Details

Listed on
Jan 18, 2023
Closed on
Nov 29, 2023
Sold by
Ripple Family Limited Partnership
Bought by
Seidler Properties Llc
Seller's Agent
Eric Breidel
Investment Realty Services LLC
Buyer's Agent
Eric Breidel
Investment Realty Services LLC
List Price
$559,900
Sold Price
$559,900
Views
1050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.16%
Original Mortgage
$475,915
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2012
Sold by
Ripple Thomas D
Bought by
Ripple Family Limited Partnership
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
Zhang Cissy $499,000 None Listed On Document
Seidler Properties Llc $559,900 None Listed On Document
Ripple Family Limited Partnership -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Cissy $399,200
Previous Owner Seidler Properties Llc $475,915
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2023 11/29/23 Sold $559,900 0.0% $156 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
01/18/2023 01/18/23 For Sale $559,900 -- $156 / 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 $19,625 $559,000 $87,000 $472,000
2023 $8,320 $460,000 $81,000 $379,000
2021 $7,718 $363,000 $67,000 $296,000
2020 $7,470 $336,000 $67,000 $269,000
2019 $7,139 $320,000 $67,000 $253,000
2018 $6,881 $309,000 $66,600 $242,400
2017 $6,593 $286,000 $66,600 $219,400
2016 $6,776 $286,000 $60,600 $225,400
2015 $6,847 $270,000 $60,600 $209,400
2014 $6,463 $270,000 $60,600 $209,400
2013 $6,282 $262,000 $60,600 $201,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1948968

South Central Wisconsin Multiple Listing Service

APN: 0809-364-0312-2