NOT LISTED FOR SALE

Estimated Value: $719,000 - $1,003,000

8 Beds
4 Baths
2,880 Sq Ft
$299/Sq Ft Est. Value

Last Sold August 23, 2022

Last sale price $792,000 $275 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,543/month

15 Days on Market

Highlights

  • Eat-In Kitchen
  • Property is near a bus stop
  • Forced Air Heating and Cooling System
  • Vel Phillips Memorial High School Rated A
  • Outdoor Storage
  • Water Softener is Owned

About This Home

As of August 2022

Eight condo units in one brick building within a 70-unit condo association. Each unit has: two bedrooms, separate gas furnace and water heater, and two assigned parking stalls in expanded lot. By owning condo units, the investor has limited expenses with condo dues covering: unit gas, water/sewer, unit inside insurance (not liability), upkeep of common areas, and repair or replacement of exterior building components. Rent roster and income & expenses in MLS docs for agents. Condo docs allow rentals (see Rules & Regs). Leases to summer of 2023 and annual income of $90,120. Units are rented, so a minimum of 48 hours notice on a weekday. No showings on Sundays.

Last Agent to Sell the Property

Jeff Meyer

Meyer Realty & Management Inc License #26011-90 Listed on: 06/08/2022

Last Buyer's Agent

Ashlee Aplin

Berkshire Hathaway HomeServices True Realty License #83818-94

Berkshire Hathaway HomeServices True Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,800

Year Built

  • Built in 1964

Parking

  • 16 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

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

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Schools

  • Call School District Elementary And Middle School
  • Memorial High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • Outdoor Storage
  • Property is near a bus stop

Community Details

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,800

Year Built

Built in 1964

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
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Noi Year: 2023
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Furnaces: 8
  • Number Refrigerators: 8
  • Number Stoves: 8
  • Number Units W Ac: 8
  • Number Water Heaters: 8

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 16

Utilities

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

Schools

  • School District: Madison
  • Elementary School: Call School District
  • Middle School: Call School District
  • High School: Memorial
  • Elementary School: Call School District
  • High School: Memorial
  • Middle School: Call School District
  • School District: Madison

Lot Info

  • Zoning: SR-V1

Rental Info

  • Total Income: 90120

Tax Info

  • Land Assessment: 33600
  • Improvements: 440000
  • Total Assessment: 473600
  • Assessment year: 2022
  • Net Taxes: 7800
  • Tax Year: 2021
  • Assessor Parcel Number: Multiple

Multi Family

  • Number Of2 Bedrooms: 8
  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2007
Sold by
Davis Holdings & Properties Llc
Bought by
Nava Christian Ivan and Garcia Julia
Current Estimated Value
$861,000

Purchase Details

Closed on
Jun 8, 2005
Sold by
2338 2342 Allied Dr Llc
Bought by
G & H Ii Llc
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Nava Christian Ivan $92,900 None Available
G & H Ii Llc $360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Holdings & Properties Llc $285,000
Previous Owner Davis Holdings & Properties Llc $570,000
Previous Owner 2338 42 Allied Drive Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2022 08/23/22 Sold $792,000 -2.8% $275 / Sq Ft
06/23/2022 06/23/22 Pending -- -- --
06/08/2022 06/08/22 For Sale $815,000 -- $283 / 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 -- -- -- --
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2014 -- $0 $0 $0
2013 $40 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1936628

South Central Wisconsin Multiple Listing Service

APN: 0609-052-0403-2