NOT LISTED FOR SALE

2541 Upham St Unit 1 Madison, WI 53704

Emerson East Neighborhood

Estimated Value: $329,000 - $375,941

4 Beds
2 Baths
1,570 Sq Ft
$218/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $204,000 $130 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $2,135/month

Highlights

  • Wood Flooring
  • Property is near a bus stop
  • Laundry Facilities
  • Eat-In Kitchen
  • Forced Air Heating System
  • Wood Siding

About This Home

As of August 2020

2 unit rental property located east of Madison near downtown. Both leased with long term tenants. Property does need some TLC and being sold as is. Apt #1 has 2 bedrooms and 1 full bath. Rent is $1090/mo. Leased through 7/31/21 Apt # 2 has 2 bedrooms and 1 full bath. Rent is $995/mo Leased through 6/30/2021

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 01/03/2020

Co-Listed By

Tony Xiong

Madison Property Management, Inc. License #69875-94

Last Buyer's Agent

Joffre Pedretti

Keller Williams Realty License #84142-94

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,849

Year Built

  • Built in 1904

Lot Details

  • 5,279

Home Design

  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Schools

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

Additional Features

  • 5,279 Sq Ft Lot
  • Property is near a bus stop
  • Forced Air Heating System

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 071006113064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,849

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 1 1/2 story
  • Items Excluded: Personal belongings of the tenant(s) and/or owner
  • Items Included: 1 furnace, 1 water heater, 1 water softener, 1 washer, 1 dryer, 2 refrigerators, 2 stoves and 1 dishwasher
  • Miscellaneous: Shared laundry, Close to bus line
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 1
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, 2 spaces, Outside

Schools

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

Lot Info

  • Estimated Aces: 0.1212
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 24840

Tax Info

  • Net Taxes: 4849
  • Tax Year: 2019
  • Assessor Parcel Number: 071006113064

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2020
Closed on
Aug 7, 2020
Sold by
Orton Park Llc
Bought by
Pedretti Properties 2541 Llc
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Joffre Pedretti
Keller Williams Realty
List Price
$229,000
Sold Price
$204,000
Premium/Discount to List
-$25,000
-10.92%
Current Estimated Value
$341,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,735
Avg. Annual Appreciation
10.39%

Purchase Details

Closed on
Dec 27, 2012
Sold by
2541 Upham Street Llc
Bought by
Orton Park Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,500
Interest Rate
3.3%
Mortgage Type
Unknown

Purchase Details

Closed on
May 31, 2005
Sold by
Grandt Steven M and Grandt Mary A
Bought by
2541 Upham Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.82%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Pedretti Properties 2541 Llc $204,000 None Available
Orton Park Llc $145,400 First American Title
2541 Upham Street Llc $168,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Orton Park Llc $123,500
Previous Owner 2541 Upham Street Llc $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2020 08/10/20 Sold $204,000 -10.9% $130 / Sq Ft
01/03/2020 01/03/20 For Sale $229,000 -- $146 / 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 $10,678 $306,300 $91,600 $214,700
2023 $5,145 $286,300 $85,600 $200,700
2021 $4,300 $204,000 $68,900 $135,100
2020 $4,830 $218,500 $63,800 $154,700
2019 $4,850 $218,500 $63,800 $154,700
2018 $4,395 $198,600 $63,800 $134,800
2017 $4,132 $180,500 $58,000 $122,500
2016 $3,926 $167,100 $58,000 $109,100
2015 $3,774 $154,500 $52,100 $102,400
2014 $3,665 $154,500 $52,100 $102,400
2013 $3,961 $150,000 $50,600 $99,400
Source: Public Records

Agents Affiliated with this Home

  • James Stopple

    Seller's Agent in 2020

    James Stopple

    Madison Property Management, Inc.

    (608) 516-8272

    2 in this area

    91 Total Sales

    James Stopple
    Section Image
  • Tony Xiong

    Seller Co-Listing Agent in 2020

    Tony Xiong

    Madison Property Management, Inc.

    (608) 347-7842

    1 in this area

    65 Total Sales

    Tony Xiong
    Section Image
  • Joffre Pedretti

    Buyer's Agent in 2020

    Joffre Pedretti

    Keller Williams Realty

    (608) 698-8503

    1 in this area

    248 Total Sales

    Joffre Pedretti
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1874359

South Central Wisconsin Multiple Listing Service

APN: 0710-061-1306-4

Wisconsin Dane County Madison 53704 Emerson East

2541 Upham St Unit 1, Madison, WI

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