NOT LISTED FOR SALE

2803 Madison St Unit 2805 Waukesha, WI 53188

Estimated Value: $409,206 - $451,000

4 Beds
3 Baths
2,147 Sq Ft
$198/Sq Ft Est. Value

Last Sold June 11, 2021

Last sale price $316,000 $147 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,661/month

12 Days on Market

Highlights

  • 3 Car Attached Garage
  • West High School Rated A-
  • Wood Siding

About This Home

As of June 2021

Rare side-by-side RANCH duplex with attached garages (tuck-under)! 2803 is the smaller unit (935 sq. ft.) with a one car garage, 2 BR, 1 bath. Recently installed carpeting, a balcony off the dinette & a LL rec room. 2805 is the larger unit (1,219 sq. ft.) with 2BR, 2 full baths (1 is a walk-through from master BR to hallway), 2 car garage, a unique ''hearthroom/dinette'' with an adjacent deck, balcony off master BR, and partially finished room in the basement. The driveway in back off the alley was recently replaced. Very long term tenants explains the below-market rents. They are both M-T-M with a 60-day notice. 2805 has a dishwasher, 2803 has a disposal. Central Air in both units. Garden shed included.

Last Agent to Sell the Property

Pat Mullikin

M3 Realty License #50258-90 Listed on: 03/30/2021

Last Buyer's Agent

Tony Wendorf & Associates Team*

First Weber Inc - Delafield License #84954-94

First Weber Inc - Delafield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,766

Year Built

  • Built in 1970

Lot Details

  • 0.28 Acre Lot

Parking

  • 3 Car Attached Garage
  • Tuck Under Garage
  • Garage Door Opener

Home Design

  • 2,147 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Schools

  • Bethesda Elementary School
  • Butler Middle School
  • Waukesha West High School

Community Details

  • 2 Units
  • Merrill Crest Subdivision

Listing and Financial Details

  • Exclusions: stove, refrigerator, washer, dryer, built-in microwave in 2805, tenants and seller's personal property.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,766

Year Built

Built in 1970

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: stove and refrigerator in 2803, water softener (located in 2805),
  • Directions: Grandview to Madison St. West to property.
  • New Construction: No
  • Year Built: 1970
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 2803 Madison St #2805
  • Lot Acreage: 0.28
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Block, Full
  • Second Floor Total Sq Ft: 2147.00

Exterior Features

  • Exclusions: stove, refrigerator, washer, dryer, built-in microwave in 2805, tenants and seller's personal property.
  • Exterior Building Type: Duplex - Side By Side
  • Exterior: Partial-Brick, Wood

Garage/Parking

  • Parking Features:Workshop in Garage: Attached, Built-in under Home, Opener Included, 3 Car
  • Garage Spaces: 3.0

Utilities

  • Utilities: 2 Electric Meters, 2 Gas Meters
  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • School District: Waukesha
  • Elementary School: Bethesda
  • Middle School: Butler
  • High School: Waukesha West
  • Elementary School: Bethesda
  • High School: Waukesha West
  • Junior High Dist: Waukesha

Lot Info

  • Zoning: Rd2
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2020
  • Total Taxes: 4766.0

MLS Schools

  • Middle School: Butler

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2021
Closed on
Jun 11, 2021
Sold by
Schwenk Trust
Bought by
Morales Carlos Caraballo and Carabaflo Yesenia
Seller's Agent
Pat Mullikin
M3 Realty
Buyer's Agent
Tony Wendorf & Associates Team*
First Weber Inc - Delafield
List Price
$316,000
Sold Price
$316,000
Current Estimated Value
$426,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,052
Avg. Annual Appreciation
7.11%
Original Mortgage
$310,276
Outstanding Balance
$280,916
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$145,136

Purchase Details

Closed on
Dec 4, 2018
Sold by
Schwenk Gerhard E and Schwenk Janet M
Bought by
Schwenk Gerhard E and Schwenk Janet M

Purchase Details

Closed on
Jan 16, 2008
Sold by
Schwenk Janet M and Estate Of Randall E Schwenk
Bought by
Schwenk Gerhard E and Schwenk Janet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,500
Interest Rate
5.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2006
Sold by
Schwenk Gerhard E
Bought by
Schwenk Randall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
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
Morales Carlos Caraballo $316,000 None Available
Schwenk Gerhard E -- None Available
Schwenk Gerhard E -- None Available
Schwenk Randall $192,000 Milwaukee Title Closing Serv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morales Carlos Caraballo $310,276
Previous Owner Schwenk Gerhard E $194,500
Previous Owner Schwenk Randall $193,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2021 06/11/21 Sold $316,000 0.0% $147 / Sq Ft
04/11/2021 04/11/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $316,000 -- $147 / Sq Ft
Source: Metro MLS

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 $4,821 $315,200 $72,500 $242,700
2023 $4,723 $315,200 $72,500 $242,700
2022 $4,844 $243,900 $71,500 $172,400
2021 $4,988 $243,900 $71,500 $172,400
2020 $4,765 $243,900 $71,500 $172,400
2019 $4,643 $243,900 $71,500 $172,400
2018 $4,326 $223,800 $67,600 $156,200
2017 $4,681 $223,800 $67,600 $156,200
2016 $4,194 $205,300 $67,600 $137,700
2015 $4,156 $205,300 $67,600 $137,700
2014 $4,124 $195,500 $67,600 $127,900
2013 $4,124 $195,500 $67,600 $127,900
Source: Public Records

Agents Affiliated with this Home

  • Pat Mullikin

    Seller's Agent in 2021

    Pat Mullikin

    M3 Realty

    (262) 787-8995

    5 in this area

    71 Total Sales

    Pat Mullikin
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Map

Source: Metro MLS

MLS Number: 1732754

Metro MLS

APN: WAKC-1316-027

Wisconsin Waukesha County Waukesha 53188

2803 Madison St Unit 2805, Waukesha, WI

This home is located at 2803 Madison St Unit 2805, Waukesha, WI 53188 since 30 March 2021 and is currently estimated at $426,052, approximately $198 per square foot. This property was built in 1970. 2803 Madison St Unit 2805 is a home located in Waukesha County with nearby schools including Bethesda Elementary School, Butler Middle School, and West High School.

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