NOT LISTED FOR SALE

2318 E Washington Ave Madison, WI 53704

Emerson East Neighborhood

Estimated Value: $461,000 - $501,000

4 Beds
2 Baths
2,184 Sq Ft
$222/Sq Ft Est. Value

Sale Details

Date Sold: May 28, 2025

Last sale price $481,900 $221 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,331 / mo

2 Days on Market

Highlights

  • Main Floor Bedroom
  • Bathroom on Main Level
  • Central Air
  • Detached Garage
  • Property is near bus stop
  • Water Softener is Owned

About This Home

As of May 2025

Incredible opportunity to own a 2-flat in one of the most ideal locations in Madison with close proximity to Atwood neighborhood, isthmus, and the Capitol Square. 2nd floor 3-bedroom unit has large primary bedroom suite with large closet & sunroom. 1st floor 2-bedroom unit is spacious and features a sunroom & large bedroom closet as well. Both units have private entry, additional storage, and have great layouts. Inviting backyard space plus 2-car garage make it even more desirable for tenants. Walk-up 3rd floor attic provides opportunity for future expansion. 2024-25 Updates include: new roof, new water softener, 2 new furnaces, 2 new central A/Cs, electrical upgrade. Showings are only during the open houses times on Friday 5/2 and Saturday 5/3 from 11am-1pm.

Last Agent to Sell the Property

Joffre Pedretti

Keller Williams Realty Brokerage Phone: 608-698-8503 Listed on: 04/30/2025

Keller Williams Realty

Last Buyer's Agent

Stacy Ozanne

First Weber, Inc License #59333-90

First Weber, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,536

Year Built

  • Built in 1924

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Parking

  • Detached Garage
  • Garage Door Opener
  • Driveway Level

Schools

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

Utilities

  • Central Air
  • Separate Meters
  • Water Softener is Owned
  • High Speed Internet

Additional Features

  • Oven or Range
  • Basement Fills Entire Space Under The House
  • Property is near bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-064-2322-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,536

Year Built

Built in 1924

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Items Excluded: Seller and Tenants personal property and personal property owned by Seller's management company.
  • Items Included: 2 refrigerators, 2 range/ovens, 1 washer, 1 dryer, 1 water softener.
  • Miscellaneous: Close to bus line, Water Softener Owned, Internet - Cable
  • Year Built: 1924
  • Reso Accessibility Features: First floor bedroom, First floor full bath, Level drive, Level lot
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Units W Ac: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Parking Stalls Inside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Detached, Opener inc
  • Utilities: Separate elec meters, Separate gas meters

Schools

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

Lot Info

  • Estimated Aces: 0.15
  • Zoning: TR-V1

Rental Info

  • Total Income: 34020

Tax Info

  • Net Taxes: 7536
  • Tax Year: 2024
  • Assessor Parcel Number: 0710-064-2322-3

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2025
Closed on
May 28, 2025
Sold by
Bought by
Seller's Agent
Joffre Pedretti
Keller Williams Realty
Buyer's Agent
Stacy Ozanne
First Weber, Inc
List Price
$475,000
Sold Price
$481,900
Premium/Discount to List
$6,900
1.45%
Views
40
Current Estimated Value
$485,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,918
Avg. Annual Appreciation
0.76%
Original Mortgage
$361,425
Outstanding Balance
$358,282
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$127,536

Purchase Details

Closed on
Apr 5, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
6.9%
Mortgage Type
Credit Line Revolving
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$481,900 None Listed On Document
$367,500 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $361,425
Previous Owner $294,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/28/2025 05/28/25 Sold $481,900 +1.5% $221 / Sq Ft
05/03/2025 05/03/25 Pending -- -- --
04/30/2025 04/30/25 For Sale $475,000 -1.4% $217 / Sq Ft
04/30/2025 04/30/25 Off Market $481,900 -- --
Source: South Central Wisconsin Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $8,660 $469,100 $113,800 $355,300
2024 $15,072 $430,400 $113,800 $316,600
2023 $7,263 $402,200 $106,400 $295,800
2022 $14,062 $359,100 $97,600 $261,500
2021 $6,686 $315,000 $85,600 $229,400
2020 $6,475 $291,700 $79,300 $212,400
2019 $6,501 $291,700 $79,300 $212,400
2018 $5,895 $265,200 $79,300 $185,900
2017 $5,546 $241,100 $72,100 $169,000
2016 $5,271 $223,200 $72,100 $151,100
2015 $5,069 $206,400 $64,800 $141,600
2014 $4,923 $206,400 $64,800 $141,600
2013 $4,811 $200,400 $62,900 $137,500
Source: Public Records

Agents Affiliated with this Home

  • Joffre Pedretti

    Seller's Agent in 2025

    Joffre Pedretti

    Keller Williams Realty

    (608) 698-8503

    1 in this area

    239 Total Sales

    Joffre Pedretti
    Section Image
  • Stacy Ozanne

    Buyer's Agent in 2025

    Stacy Ozanne

    First Weber, Inc

    (608) 358-4499

    1 in this area

    71 Total Sales

    Stacy Ozanne
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1998619

South Central Wisconsin Multiple Listing Service

APN: 0710-064-2322-3

Wisconsin Dane County Madison 53704 Emerson East

2318 E Washington Ave, Madison, WI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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