NOT LISTED FOR SALE

2717 Milwaukee St Madison, WI 53704

Atwood Neighborhood

Estimated Value: $1,073,000

7 Beds
5 Baths
3,400 Sq Ft
$316/Sq Ft Est. Value

Last Sold November 10, 2017

Last sale price $587,000 $173 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $8,051/month

Highlights

  • 0.29 Acre Lot
  • Den
  • Fireplace
  • Open Floorplan
  • Balcony
  • 4-minute walk to Hippo Park

About This Home

As of November 2017

Especially nice brick 6 unit near the Atwood area. Desirable location - easy to rent! Broker owned and managed. This is a unique building with low vacancy rates and positive cash flow. Some units include Central Air, private entrances, extra storage and long term tenants. Off street parking includes 7 stalls and a 3 car garage. GREAT opportunity to owner occupy: 2721 is a 3 bedroom ranch style house with a partially finished basement, 2 full baths, wood floors, separate entrance, workshop/studio space in LL, enclosed porch and fenced in backyard. Listing Broker Dan Martinson is the Owner. 24 hr notice required. Market rates could be higher. Listing Broker is the Owner

Last Agent to Sell the Property

Dan Martinson

South Central Non-Member License #48184-90 Listed on: 09/29/2017

Co-Listed By

Kelly Thompson

South Central Non-Member License #56509-90

Last Buyer's Agent

Liz Lauer

Lauer Realty Group, Inc. License #56139-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,819

Lot Details

  • 0.29 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • Walk-in Shower
  • 2-Story Property
  • Open Floorplan
  • Fireplace
  • Family Room
  • Dining Room
  • Den
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Garage
  • 7 Open Parking Spaces
  • Garage Door Opener
  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Grab Bar In Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting

Schools

  • Lowell Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

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

Additional Features

  • Balcony
  • Property is near a bus stop

Community Details

  • 6 Units
  • Laundry Facilities
  • Net Operating Income $34,108

Listing and Financial Details

  • Assessor Parcel Number 0710-052-2402-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,819

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, Stall shower, Grab bars in bath, Level drive, Level lot, Low pile or no carpeting
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard, Partially finished, Poured concrete foundatn
  • Number Dryers: 1
  • Number Units W Ac: 6
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood, Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Inside: 3
  • Parking Stalls Outside: 7

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, 2 stall garage, Detached, 1 space, 2 spaces, Outside, Opener inc
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 30336

Schools

  • Elementary School: Lowell
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.29
  • Zoning: R4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 65280

Tax Info

  • Net Taxes: 11819
  • Tax Year: 2016
  • Assessor Parcel Number: 0710-052-2402-8

Multi Family

  • Number Of1 Bedrooms: 4
  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2020
Sold by
Koehler David and Koehler David B
Bought by
Wallace Holdings Llc
Current Estimated Value
$1,073,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Outstanding Balance
$632,027
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$440,973

Purchase Details

Listed on
Sep 29, 2017
Closed on
Nov 10, 2017
Sold by
Martinson Danny Ray
Bought by
Koehler David and Koehler Elizabeth
Seller's Agent
Dan Martinson
South Central Non-Member
Buyer's Agent
Liz Lauer
Lauer Realty Group, Inc.
List Price
$540,000
Sold Price
$587,000
Premium/Discount to List
$47,000
8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.87%
Original Mortgage
$456,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2006
Sold by
Martinson Diane Lynn
Bought by
Martinso Danny Ray
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
Wallace Holdings Llc -- First American Title
Tuig Enterprises Llc -- None Available
Koehler David $587,000 --
Martinso Danny Ray -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Holdings Llc $715,000
Previous Owner Koehler David $456,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2017 11/10/17 Sold $587,000 +8.7% $173 / Sq Ft
10/05/2017 10/05/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $540,000 -- $159 / 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 $28,866 $820,000 $108,000 $712,000
2023 $13,438 $740,000 $98,000 $642,000
2021 $13,157 $616,000 $81,000 $535,000
2020 $13,109 $587,000 $81,000 $506,000
2019 $13,162 $587,000 $81,000 $506,000
2018 $13,142 $587,000 $80,400 $506,600
2017 $12,085 $521,400 $80,400 $441,000
2016 $11,820 $496,400 $76,400 $420,000
2015 $10,852 $410,400 $76,400 $334,000
2014 $9,865 $410,400 $76,400 $334,000
2013 $9,101 $398,400 $76,400 $322,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Dan Martinson

    South Central Non-Member

    Section Image

  • K

    Seller Co-Listing Agent in 2017

    Kelly Thompson

    South Central Non-Member

    Section Image
  • Liz Lauer

    Buyer's Agent in 2017

    Liz Lauer

    Lauer Realty Group, Inc.

    (608) 444-5725

    77 in this area

    478 Total Sales

    Liz Lauer
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1815433

South Central Wisconsin Multiple Listing Service

APN: 0710-052-2402-8

Wisconsin Dane County Madison 53704 Atwood

2717 Milwaukee St, Madison, WI

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