NOT LISTED FOR SALE

2416 E Washington Ave Madison, WI 53704

Emerson East Neighborhood

Estimated Value: $391,000 - $591,000

4 Beds
4 Baths
2,400 Sq Ft
$213/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $367,000 $153 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,178/month

5 Days on Market

Highlights

  • Wood Flooring
  • Property is near bus stop
  • Family Room
  • Balcony
  • Heating System Uses Steam
  • Laundry Facilities

About This Home

As of September 2020

Great location for rental income potential. Each 1 bedroom unit has a nice layout with three large closets totaling an extra 42 sq ft and outdoor access to personal deck space, not far from the new revitalized East Washington corridor of exciting new outdoor restaurants and entertainment venues such as Breese Stevens & The Sylvee.

Last Agent to Sell the Property

Juli Stinson

Restaino & Associates License #83157-94 Listed on: 08/12/2020

Restaino & Associates

Last Buyer's Agent

Robert Anderson

Strata Real Estate License #58279-90 2393-10

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,560

Year Built

  • Built in 1912

Lot Details

  • 5,227

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Wood Flooring
  • Partial Basement
  • Oven or Range

Parking

  • 3 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Heating System Uses Steam
  • Separate Meters
  • Individual Controls for Heating

Additional Features

  • Balcony
  • 5,227 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0710-061-1918-7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,560

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story
  • Items Excluded: Seller's and tenant's personal belongings.
  • Items Included: Refrigerators (4), stove-oven's (4),
  • Miscellaneous: Shared laundry, Close to bus line
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Steam
  • Parking Stalls Outside: 3

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside
  • Utilities: Separate elec meters

Schools

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

Lot Info

  • Estimated Aces: 0.12
  • Zoning: TSS
  • Geo Subdivision: WI

Rental Info

  • Total Income: 8050

Tax Info

  • Net Taxes: 5560
  • Tax Year: 2019
  • Assessor Parcel Number: 0710-061-1918-7

Multi Family

  • Number Of1 Bedrooms: 4
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Sep 30, 2020
Sold by
2416 E Washington Avenue Llc
Bought by
Anderson Robert A
Seller's Agent
Juli Stinson
Restaino & Associates
Buyer's Agent
Robert Anderson
Strata Real Estate
List Price
$360,000
Sold Price
$367,000
Premium/Discount to List
$7,000
1.94%
Current Estimated Value
$510,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,129
Avg. Annual Appreciation
6.46%
Original Mortgage
$293,600
Outstanding Balance
$261,142
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$248,987

Purchase Details

Closed on
Apr 15, 2002
Sold by
Peterson Rodney E
Bought by
2416 East Washington Ave Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Anderson Robert A $367,000 None Available
2416 East Washington Ave Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Robert A $293,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2020 09/30/20 Sold $367,000 +1.9% $153 / Sq Ft
08/17/2020 08/17/20 For Sale $360,000 -1.9% $150 / Sq Ft
08/14/2020 08/14/20 Off Market $367,000 -- --
08/12/2020 08/12/20 For Sale $360,000 -- $150 / 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
2023 $7,589 $420,000 $68,000 $352,000
2022 $14,375 $367,000 $62,000 $305,000
2021 $7,804 $367,000 $56,000 $311,000
2020 $5,830 $263,000 $56,000 $207,000
2019 $5,560 $250,000 $56,000 $194,000
2018 $5,062 $227,200 $103,700 $123,500
2017 $4,849 $210,200 $103,700 $106,500
2016 $4,984 $210,200 $94,700 $115,500
2015 $5,011 $198,200 $94,700 $103,500
2014 $4,724 $198,200 $94,700 $103,500
2013 $4,654 $192,200 $94,700 $97,500
Source: Public Records

Agents Affiliated with this Home

  • Juli Stinson

    Seller's Agent in 2020

    Juli Stinson

    Restaino & Associates

    (608) 335-3095

    61 Total Sales

    Juli Stinson
    Section Image

  • R

    Buyer's Agent in 2020

    Robert Anderson

    Strata Real Estate

    (608) 310-7570

    31 Total Sales

    Robert Anderson
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1891052

South Central Wisconsin Multiple Listing Service

APN: 0710-061-1918-7

Wisconsin Dane County Madison 53704 Emerson East

2416 E Washington Ave, Madison, WI

Not Listed for Sale

MultiFamily

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