NOT LISTED FOR SALE

2448 S Syene Rd Fitchburg, WI 53711

Estimated Value: $709,000

7 Beds
4 Baths
3,200 Sq Ft
$222/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $550,000 $172 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,622/month

5 Days on Market

Highlights

  • 0.31 Acre Lot
  • Forced Air Heating System
  • Wood Siding
  • Rome Corners Intermediate School Rated A

About This Home

As of November 2022

0.313 Acre - 4 unit multi-family located in Fitchburg near the intersection of Irish Lane and S. Syene Rd. that offers country living while still being 5 minutes from Madison. Units #1, #2 & #3 are two bedrooms and one bath. Unit #4 is a one bedroom and one bath. The seller does have architectural plans for an additional 1 bedroom unit to be added to the existing building however plans have not yet been submitted to the city for approval. All units have washers/dryers, 2 units have dish washers, newer driveway, newer wooden stair case and some units have been updated. Fully leased with an annual gross income of $46,800 and all tenants pay electric & gas.

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 10/03/2022

Co-Listed By

Tony Xiong

Madison Property Management, Inc. License #69875-94

Last Buyer's Agent

Leticia Hernandez

First Weber, Inc License #96509-94

First Weber, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,257

Year Built

  • Built in 1954

Lot Details

  • 0.31 Acre Lot

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Block Basement Construction

Parking

  • 6 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Well

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 0609-144-9230-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,257

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Municipality: Fitchburg
  • Status Detail: Sold
  • Mailing City: Fitchburg
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block foundation
  • Number Dish Washers: 2
  • Number Dryers: 4
  • Number Units W Ac: 4
  • Number Washers: 4

Exterior Features

  • Exterior: Wood, Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 6

Utilities

  • Water Waste: Well
  • Park Unit: Outside
  • Utilities: Separate elec meters, Separate gas meters

Schools

  • Elementary School: Call School District
  • High School: Call School District
  • Middle School: Call School District
  • School District: Oregon

Lot Info

  • Estimated Aces: 0.313
  • Zoning: R-L
  • Geo Subdivision: WI

Rental Info

  • Total Income: 46800

Tax Info

  • Net Taxes: 7257
  • Tax Year: 2021
  • Assessor Parcel Number: 0609-144-9230-1

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 3
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2022
Closed on
Nov 4, 2022
Sold by
Apic Llc
Bought by
Nogal Properties Llc
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Leticia Hernandez
First Weber, Inc
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$709,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,000
Avg. Annual Appreciation
8.68%
Original Mortgage
$440,000
Outstanding Balance
$425,720
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$283,280

Purchase Details

Listed on
Oct 9, 2018
Closed on
Nov 16, 2018
Sold by
Clausen Robert Granville and Clausen Cynthia S
Bought by
Apic Llc
Seller's Agent
John Blindauer
South Central Non-Member
Buyer's Agent
John Blindauer
South Central Non-Member
List Price
$275,000
Sold Price
$300,000
Premium/Discount to List
$25,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.50%
Original Mortgage
$255,000
Interest Rate
4.7%
Mortgage Type
Commercial
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
Nogal Properties Llc $550,000 --
Apic Llc $300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nogal Properties Llc $440,000
Previous Owner Apic Llc $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/04/2022 11/04/22 Sold $550,000 0.0% $172 / Sq Ft
10/03/2022 10/03/22 For Sale $550,000 +83.3% $172 / Sq Ft
11/16/2018 11/16/18 Sold $300,000 +9.1% $89 / Sq Ft View Prior Sale
10/13/2018 10/13/18 Pending -- -- --
10/09/2018 10/09/18 For Sale $275,000 -- $81 / 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 $10,539 $547,400 $60,000 $487,400
2023 $9,976 $461,000 $60,000 $401,000
2021 $7,257 $309,100 $120,000 $189,100
2020 $6,954 $309,100 $120,000 $189,100
2019 $6,441 $280,200 $80,000 $200,200
2018 $5,267 $215,000 $80,000 $135,000
2017 $5,034 $200,000 $80,000 $120,000
2016 $5,169 $200,000 $80,000 $120,000
2015 $5,046 $200,000 $80,000 $120,000
2014 $5,023 $200,000 $80,000 $120,000
2013 $5,044 $200,000 $80,000 $120,000
Source: Public Records

Agents Affiliated with this Home

  • James Stopple

    Seller's Agent in 2022

    James Stopple

    Madison Property Management, Inc.

    (608) 516-8272

    3 in this area

    92 Total Sales

    James Stopple
    Section Image
  • Tony Xiong

    Seller Co-Listing Agent in 2022

    Tony Xiong

    Madison Property Management, Inc.

    (608) 347-7842

    1 in this area

    66 Total Sales

    Tony Xiong
    Section Image

  • L

    Buyer's Agent in 2022

    Leticia Hernandez

    First Weber, Inc

    (608) 957-6114

    8 in this area

    24 Total Sales

    Leticia Hernandez
    Section Image

  • J

    Seller's Agent in 2018

    John Blindauer

    South Central Non-Member

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1944519

South Central Wisconsin Multiple Listing Service

APN: 0609-144-9230-1

Wisconsin Dane County Fitchburg 53711

2448 S Syene Rd, Fitchburg, WI

Not Listed for Sale

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