NOT LISTED FOR SALE

2837 Coolidge St Madison, WI 53704

Eken Park Neighborhood

Estimated Value: $437,370 - $478,000

6 Beds
3 Baths
2,298 Sq Ft
$201/Sq Ft Est. Value

Last Sold May 10, 2023

Last sale price $410,000 $178 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,880/month

4 Days on Market

Highlights

  • Eat-In Kitchen
  • Wood Siding
  • 1-minute walk to Washington Manor Park
  • Central Air

About This Home

As of May 2023

This well maintained three unit consists of all 2 bedroom 1 bathroom units with very long term tenants (low rents). Seller is performing a 1031 creating an opportunity for the Buyer to yield the upside to increased rents. The unit that just turned over was rented at $1,050/month prior to new flooring and paint. With proforma rents and laundry income this property will produce over $38,000 annually. This is a great opportunity for cashflow at at 9.75 times gross income. Seller is also selling an identical three unit building adjacent at 2838 Dahl St (MLS 1953578) and would prefer to sell them together (MLS 1953574).

Last Agent to Sell the Property

Paul Haviland

Stark Company, REALTORS License #57800-90 Listed on: 04/13/2023

Stark Company, REALTORS

Co-Listed By

Susi Haviland

Stark Company, REALTORS License #31242-90

Last Buyer's Agent

Paul Haviland

Stark Company, REALTORS License #57800-90 Listed on: 04/13/2023

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,250

Year Built

  • Built in 1965

Lot Details

  • 6,098

Home Design

  • Wood Siding

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 3 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters

Additional Features

  • 2-Story Property
  • 6,098 Sq Ft Lot

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 0810-323-0817-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,250

Year Built

Built in 1965

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
  • Items Included: 3 ranges, 3 refrigerators, 1 washer, 1 dryer, 1 water softener, all window coverings.
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 3
  • Number Stoves: 3
  • Number Units W Ac: 3
  • Number Washers: 1
  • Number Water Heaters: 3
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

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

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.14
  • Zoning: TR-V1
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 56000
  • Improvements: 268200
  • Total Assessment: 324200
  • Assessment year: 2022
  • Net Taxes: 6250
  • Tax Year: 2022
  • Assessor Parcel Number: 0810-323-0817-5

Multi Family

  • Number Of2 Bedrooms: 3
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
May 10, 2023
Sold by
Vs Properties Llc
Bought by
Melum Alexander P
Seller's Agent
Paul Haviland
Stark Company, REALTORS
Buyer's Agent
Paul Haviland
Stark Company, REALTORS
List Price
$375,000
Sold Price
$410,000
Premium/Discount to List
$35,000
9.33%
Views
10
Current Estimated Value
$461,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,343
Avg. Annual Appreciation
4.89%
Original Mortgage
$360,900
Outstanding Balance
$349,638
Interest Rate
5.75%
Mortgage Type
Construction
Estimated Equity
$111,705

Purchase Details

Closed on
Oct 10, 2014
Sold by
Garcia Roberto and Garcia Gloria J
Bought by
Vs Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
4.13%
Mortgage Type
Unknown
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
Melum Alexander P $401,000 None Listed On Document
Vs Properties Llc $450,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melum Alexander P $360,900
Previous Owner Vs Properties Llc $205,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2023 05/10/23 Sold $410,000 +9.3% $178 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $375,000 -- $163 / 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 $14,031 $401,000 $70,100 $330,900
2023 $7,498 $363,100 $65,500 $297,600
2021 $6,250 $294,700 $50,900 $243,800
2020 $6,052 $272,900 $47,100 $225,800
2019 $5,784 $259,900 $44,900 $215,000
2018 $5,496 $247,500 $44,900 $202,600
2017 $5,170 $225,000 $40,800 $184,200
2016 $5,314 $225,000 $40,800 $184,200
2015 $5,370 $199,900 $40,800 $159,100
2014 $4,765 $199,900 $40,800 $159,100
2013 $4,395 $194,100 $40,800 $153,300
Source: Public Records

Agents Affiliated with this Home

  • Paul Haviland

    Seller's Agent in 2023

    Paul Haviland

    Stark Company, REALTORS

    (608) 843-4442

    3 in this area

    384 Total Sales

    Paul Haviland
    Section Image
  • Susi Haviland

    Seller Co-Listing Agent in 2023

    Susi Haviland

    Stark Company, REALTORS

    (608) 576-9211

    2 in this area

    221 Total Sales

    Susi Haviland
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1953576

South Central Wisconsin Multiple Listing Service

APN: 0810-323-0817-5

Wisconsin Dane County Madison 53704 Eken Park

2837 Coolidge St, Madison, WI

This home is located at 2837 Coolidge St, Madison, WI 53704 since 13 April 2023 and is currently estimated at $461,343, approximately $200 per square foot. This property was built in 1965. 2837 Coolidge St is a home located in Dane County with nearby schools including Emerson Elementary School, Sherman Middle School, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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