NOT LISTED FOR SALE

2809 Andes Dr Madison, WI 53719

Stone Meadows Neighborhood

Estimated Value: $1,384,021

8 Beds
4 Baths
2,800 Sq Ft
$494/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $1,300,000 $464 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,753/month

25 Days on Market

Highlights

  • 0.64 Acre Lot
  • Eat-In Kitchen
  • Family Room
  • Country View Elementary School Rated A
  • Central Air
  • Laundry Facilities

About This Home

As of February 2024

Super 8 unit building in hidden neighborhood off Nesbitt Rd. Prefect investment or owner occupied easy to manage building. 8 2 bedrooms always full close to Epic, Verona Rd, Hwy PD but in quiet little street of older homes. Well maintained Electrical service was updated in 2016, new entryway & hall flooring in 2023. Property is serviced by well and has City Sewer. Rents are under market value and have room for increases. This property is also being sold as a package with 2808 Andes & 2819 Alleghney Dr.

Last Agent to Sell the Property

Jim Wilson

Restaino & Associates License #56214-90 Listed on: 12/18/2023

Restaino & Associates

Last Buyer's Agent

Jon Poletti

Haven Real Estate Partners License #59287-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,054

Year Built

  • Built in 1970

Lot Details

  • 27,878 Sq Ft Lot

Home Design

  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • 4 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Well

Listing and Financial Details

  • Assessor Parcel Number 0608-124-8170-2

Community Details

Overview

  • 8 Units
  • Hillside Heights Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,054

Year Built

Built in 1970

Lot Details

0.64 Acres

Listing Details

  • Municipality: Verona
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Items Excluded: Tenants personal property
  • Items Included: 8 Stoves, 8 refrigerators, 8 wall a/c units, coin operational washer and dryer in basement
  • Miscellaneous: Shared laundry
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Dryers: 2
  • Number Units W Ac: 8
  • Number Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 4

Utilities

  • Water Waste: Municipal sewer, Well
  • Park Unit: 1 space, Outside
  • Utilities: Separate elec meters

Schools

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

Lot Info

  • Estimated Aces: 0.64
  • Zoning: R-4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 101400

Tax Info

  • Net Taxes: 13054
  • Tax Year: 2022
  • Assessor Parcel Number: 0608-124-8170-2

Multi Family

  • Number Of2 Bedrooms: 8
  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2023
Closed on
Feb 7, 2024
Sold by
Stebnitz Andrew
Bought by
Andes 28 Llc
Seller's Agent
Jim Wilson
Restaino & Associates
Buyer's Agent
Jon Poletti
Haven Real Estate Partners
List Price
$1,300,000
Sold Price
$1,300,000
Views
45
Current Estimated Value
$1,384,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,021
Avg. Annual Appreciation
3.47%
Original Mortgage
$975,000
Outstanding Balance
$953,907
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$443,508

Purchase Details

Closed on
Jan 31, 2023
Sold by
Stebnitz Andrew T
Bought by
Stebnitz Andrew T and Andrew Stebnitz Living Trust

Purchase Details

Listed on
Jun 2, 2016
Closed on
Jul 15, 2016
Sold by
Park Lane Madison Llc
Bought by
Stebnitz Andrew
Seller's Agent
Jim Burke
South Central Non-Member
Buyer's Agent
Gary Stebnitz
South Central Non-Member
List Price
$575,000
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.60%
Original Mortgage
$454,000
Interest Rate
3.66%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Andes 28 Llc $1,300,000 None Listed On Document
Stebnitz Andrew T -- None Listed On Document
Stebnitz Andrew $575,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andes 28 Llc $975,000
Previous Owner Stebnitz Andrew $454,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2024 02/09/24 Sold $1,300,000 0.0% $464 / Sq Ft
01/12/2024 01/12/24 Pending -- -- --
12/18/2023 12/18/23 For Sale $1,300,000 +126.1% $464 / Sq Ft
07/15/2016 07/15/16 Sold $575,000 0.0% $205 / Sq Ft View Prior Sale
06/06/2016 06/06/16 Pending -- -- --
06/02/2016 06/02/16 For Sale $575,000 -- $205 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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
2025 $16,291 $595,000 $126,500 $468,500
2024 $14,854 $595,000 $126,500 $468,500
2023 $13,720 $595,000 $126,500 $468,500
2022 $13,054 $595,000 $126,500 $468,500
2021 $13,742 $595,000 $126,500 $468,500
2020 $13,531 $595,000 $126,500 $468,500
2019 $13,592 $595,000 $126,500 $468,500
2018 $13,341 $515,000 $140,100 $374,900
2017 $12,970 $515,000 $140,100 $374,900
2016 $9,574 $398,600 $140,100 $258,500
2015 $8,872 $398,600 $140,100 $258,500
2014 $8,752 $398,600 $140,100 $258,500
2013 $7,786 $398,600 $140,100 $258,500
Source: Public Records

Agents Affiliated with this Home

  • Jim Wilson

    Seller's Agent in 2024

    Jim Wilson

    Restaino & Associates

    (608) 474-0306

    3 in this area

    54 Total Sales

    Jim Wilson
    Section Image
  • Jon Poletti

    Buyer's Agent in 2024

    Jon Poletti

    Haven Real Estate Partners

    (608) 213-8242

    3 in this area

    101 Total Sales

    Jon Poletti
    Section Image

  • J

    Seller's Agent in 2016

    Jim Burke

    South Central Non-Member

  • P

    Seller Co-Listing Agent in 2016

    Pat Burke

    DeBurgo Realty Inc

    (608) 576-4027

    7 Total Sales

    Pat Burke
    Section Image

  • G

    Buyer's Agent in 2016

    Gary Stebnitz

    South Central Non-Member

See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1968659

South Central Wisconsin Multiple Listing Service

APN: 0608-124-8170-2

Wisconsin Dane County Madison 53719 Stone Meadows

2809 Andes Dr, Madison, WI

Not Listed for Sale

MultiFamily

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