NOT LISTED FOR SALE

2410 Calypso Rd Madison, WI 53704

Brentwood Village Neighborhood

Estimated Value: $792,987

8 Beds
4 Baths
2,800 Sq Ft
$283/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $799,000 $285 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $5,114/month

71 Days on Market

Highlights

  • Open Floorplan
  • Balcony
  • Accessible Full Bathroom
  • Wood Flooring
  • Accessible Bedroom
  • Property is near a bus stop

About This Home

As of October 2023

Please do not trespass on property or disturb tenants without a scheduled showing. Excellent cash-flowing investment opportunity and upside in this 8-unit building. All units are 2/1 with identical layouts. storage lockers, and shared coin-op laundry in basement. Currently under-rented due to long-term tenants in place. Pro forma rents $1,250/unit = $120,000 gross annual rents resulting in a potential 9.0%+ cap rate and a 10.0%+ cash on cash return. Well located on the East side of Madison across from Warner Park with easy access to schools, grocery, and downtown Madison. Leases available upon request. 2410 units 3 & 4 are vacant and have not been updated. Vacant units will need turnover work. New boiler 2021, new coin-op W/D 2022. Various updates throughout most units done in 2022-2023.

Last Agent to Sell the Property

Cheng Real Estat Group

Real Broker LLC Listed on: 06/01/2023

Co-Listed By

Alison Kane

Stark Company, REALTORS License #58999-90

Last Buyer's Agent

Tara Neuheisel

RL Realty Group License #82851-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,065

Year Built

  • Built in 1965

Lot Details

  • 0.28 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Family Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Shared Basement

Parking

  • 8 Open Parking Spaces
  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting

Outdoor Features

  • Balcony
  • Outdoor Storage

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • High Speed Internet

Community Details

  • 8 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 080936403304

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,065

Year Built

Built in 1965

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
  • Barrier Free: Open floor plan, First floor bedroom, First floor full bath, Level drive, Level lot, Low pile or no carpeting
  • Items Excluded: Tenants' personal items.
  • Items Included: All appliances currently in units, 8x refrigerator/stove/dishwasher. One set washer and dryer in basement.
  • Miscellaneous: Shared laundry, Close to bus line, Internet - Cable
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn, Sump pump
  • Number Dish Washers: 8
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 8
  • Number Stoves: 8
  • Number Units W Ac: 8
  • Number Washers: 1
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Aluminum/Steel, Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 8

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside
  • 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: 0.28
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 78000

Tax Info

  • Land Assessment: 41000
  • Improvements: 774000
  • Total Assessment: 815000
  • Assessment year: 2023
  • Net Taxes: 16065
  • Tax Year: 2022
  • Assessor Parcel Number: 080936403304

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Sep 6, 2023
Sold by
Davidson Family Trust
Bought by
Mueller Joseph
Seller's Agent
Cheng Real Estat Group
Real Broker LLC
Buyer's Agent
Tara Neuheisel
RL Realty Group
List Price
$899,000
Sold Price
$799,000
Premium/Discount to List
-$100,000
-11.12%
Views
208
Current Estimated Value
$792,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,013
Original Mortgage
$536,182
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2021
Closed on
Nov 18, 2021
Sold by
Schwartz William J and Schwartz Marjorie M
Bought by
Davidson Family Trust
Seller's Agent
David Keller
Keller Real Estate, LLC
Buyer's Agent
Alison Kane
Stark Company, REALTORS
List Price
$799,000
Sold Price
$815,000
Premium/Discount to List
$16,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.05%
Original Mortgage
$652,000
Interest Rate
2.99%
Mortgage Type
New Conventional
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
Mueller Joseph $799,000 None Listed On Document
Davidson Family Trust $815,000 Knight Barry Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mueller Joseph Daniel $590,000
Closed Mueller Joseph $536,182
Previous Owner Davidson Family Trust $652,000
Previous Owner Schwartz Marjorie M $184,508
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold $799,000 0.0% $285 / Sq Ft
08/03/2023 08/03/23 Price Changed $799,000 -2.6% $285 / Sq Ft
07/25/2023 07/25/23 Price Changed $820,000 -5.2% $293 / Sq Ft
06/14/2023 06/14/23 Price Changed $865,000 -3.8% $309 / Sq Ft
06/01/2023 06/01/23 For Sale $899,000 +10.3% $321 / Sq Ft
11/18/2021 11/18/21 Sold $815,000 +2.0% $291 / Sq Ft
09/03/2021 09/03/21 For Sale $799,000 -- $285 / 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 $27,945 $794,000 $41,000 $753,000
2023 $14,809 $815,000 $41,000 $774,000
2021 $12,698 $573,000 $41,000 $532,000
2020 $12,665 $546,000 $41,000 $505,000
2019 $12,067 $520,000 $41,000 $479,000
2018 $11,135 $497,000 $41,000 $456,000
2017 $10,487 $452,000 $41,000 $411,000
2016 $11,472 $481,000 $37,000 $444,000
2015 $11,012 $436,000 $37,000 $399,000
2014 $10,485 $436,000 $37,000 $399,000
2013 $10,322 $423,000 $37,000 $386,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Cheng Real Estat Group

    Real Broker LLC

    (608) 957-2683

    1 in this area

    398 Total Sales

    Section Image
  • Alison Kane

    Seller Co-Listing Agent in 2023

    Alison Kane

    Stark Company, REALTORS

    (608) 212-1962

    2 in this area

    174 Total Sales

    Section Image

  • T

    Buyer's Agent in 2023

    Tara Neuheisel

    RL Realty Group

    Section Image
  • David Keller

    Seller's Agent in 2021

    David Keller

    Keller Real Estate, LLC

    (608) 227-6543

    1 in this area

    15 Total Sales

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1956856

South Central Wisconsin Multiple Listing Service

APN: 0809-364-0330-4

Wisconsin Dane County Madison 53704 Brentwood Village

2410 Calypso Rd, Madison, WI

This home is located at 2410 Calypso Rd, Madison, WI 53704 since 01 June 2023 and is currently priced at $792,987, approximately $283 per square foot. This property was built in 1965. 2410 Calypso Rd is a home located in Dane County with nearby schools including Emerson Elementary School, Sherman Middle School, and East High School.

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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