NOT LISTED FOR SALE

Estimated Value: $146,000 - $150,000

8 Beds
4 Baths
2,880 Sq Ft
$51/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $845,000 $293 Per Sq Ft

Current estimated payment $1,088/month

Highlights

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

About This Home

As of October 2022

Eight two bedroom condo units in a brick 8-unit. In a well-managed condo association with a total of 70 units. Hallways have ceramic tile floors, condo units had all doors and trim replaced with oak. Units feature: ceramic floors in kitchens and bathrooms. Each unit has two assigned parking stalls in an expanded parking lot. Appealing for an investor to manage the units themselves but let the condo association be responsible for: gas for heating and hot water, water/sewer, unit insurance except liability, upkeep and repair of all common areas. Dues are $240/mo per unit. Rentals allowed as stated in the Rules & Regulations. Units are rented. Need 48 hour notice on a weekday to show. No showings on Sundays.

Last Agent to Sell the Property

Jeff Meyer

Meyer Realty & Management Inc License #26011-90 Listed on: 06/29/2022

Last Buyer's Agent

Jeff Meyer

Meyer Realty & Management Inc License #26011-90 Listed on: 06/29/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,210

Year Built

  • Built in 1964

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 16 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

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

Additional Features

  • 2-Story Property
  • Outdoor Storage
  • Property is near a bus stop

Community Details

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,210

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: 2022
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Furnaces: 2
  • Number Refrigerators: 8
  • Number Stoves: 7
  • Number Units W Ac: 8
  • Number Water Heaters: 8

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 16

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside
  • Utilities: Separate elec 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
  • Geo Subdivision: WI

Rental Info

  • Total Income: 87960

Tax Info

  • Land Assessment: 33600
  • Improvements: 479400
  • Total Assessment: 513000
  • Assessment year: 2022
  • Net Taxes: 8210
  • 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
Jan 17, 2007
Sold by
2338 & 42 Allied Drive Llc
Bought by
Davis Holdings & Properties Llc
Current Estimated Value
$148,283

Purchase Details

Closed on
Nov 17, 2006
Sold by
G & H Ii Llc
Bought by
2338 & 2342 Allied Drive 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
Davis Holdings & Properties Llc $270,000 None Available
2338 & 2342 Allied Drive Llc -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $845,000 0.0% $293 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $845,000 0.0% $293 / Sq Ft
07/01/2022 07/01/22 Off Market $845,000 -- --
06/29/2022 06/29/22 For Sale $845,000 -- $293 / 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 $3,572 $105,600 $4,600 $101,000
2023 $1,842 $105,600 $4,200 $101,400
2021 $1,017 $51,300 $4,200 $47,100
2020 $1,040 $49,800 $4,200 $45,600
2019 $1,045 $49,800 $4,200 $45,600
2018 $1,044 $49,800 $9,400 $40,400
2017 $591 $28,700 $9,400 $19,300
2016 $608 $28,700 $9,400 $19,300
2015 $616 $28,700 $9,400 $19,300
2014 $618 $28,700 $9,400 $19,300
2013 $869 $28,700 $9,400 $19,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1938332

South Central Wisconsin Multiple Listing Service

APN: 0609-052-1305-9