NOT LISTED FOR SALE

2862 Cimarron Trail Madison, WI 53719

Westhaven Trails Neighborhood

Estimated Value: $993,000 - $1,181,448

4 Beds
4 Baths
2,326 Sq Ft
$467/Sq Ft Est. Value

Last Sold December 02, 2014

Last sale price $569,800 $245 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $8,156/month

Highlights

  • Balcony
  • Fireplace
  • Forced Air Heating and Cooling System
  • Vel Phillips Memorial High School Rated A
  • Eat-In Kitchen
  • 1-minute walk to Big Slide Park

About This Home

As of December 2014

Well maintained and fully leased 6-unit townhouse building investment property. All units have a fireplace, 1 1/2 baths, patio or balcony, 2 bedrooms and feature hardwood floors and garages. This building does have an unfinished basement. Low vacancy rate of 3.23% for zipcode 53719 per MG&E's Multi-family vacancy rate survey. Information regarding SF taken from City of Madison property information. Property pays an annual fee to neighborhood assoc for playground maint ($240 in 2013)

Last Agent to Sell the Property

Dan Roseliep

ALTUS Commercial Real Estate, Inc. License #54620-90 Listed on: 07/21/2014

Last Buyer's Agent

Dan Roseliep

ALTUS Commercial Real Estate, Inc. License #54620-90 Listed on: 07/21/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,671

Year Built

  • Built in 1985

Lot Details

  • 0.43

Home Design

  • Brick Exterior Construction
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Schools

  • Huegel Elementary School
  • Toki Middle School
  • Memorial High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Additional Features

  • Balcony
  • 0.43 Acre Lot

Community Details

  • 6 Units
  • Net Operating Income $36,062

Listing and Financial Details

  • Assessor Parcel Number 0608-024-2110-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,671

Year Built

Built in 1985

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
  • Noi Year: 2015
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 6
  • Number Dryers: 6
  • Number Furnaces: 6
  • Number Refrigerators: 6
  • Number Stoves: 6
  • Number Units W Ac: 6
  • Number Washers: 6
  • Number Water Heaters: 6

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel, Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 25213

Schools

  • School District: Madison
  • Elementary School: Huegel
  • Middle School: Toki
  • High School: Memorial
  • Elementary School: Huegel
  • High School: Memorial
  • Middle School: Toki
  • School District: Madison

Lot Info

  • Estimated Aces: 0.43
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 64500

Tax Info

  • Land Assessment: 106500
  • Improvements: 446100
  • Total Assessment: 552600
  • Assessment year: 2014
  • Net Taxes: 13671
  • Tax Year: 2014
  • Assessor Parcel Number: 0608-024-2110-1

Multi Family

  • Number Of2 Bedrooms: 6
  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2014
Closed on
Nov 26, 2014
Sold by
Maly Lisa Marie
Bought by
2862 Cimarron Llc
Seller's Agent
Dan Roseliep
ALTUS Commercial Real Estate, Inc.
Buyer's Agent
Dan Roseliep
ALTUS Commercial Real Estate, Inc.
List Price
$590,000
Sold Price
$569,800
Premium/Discount to List
-$20,200
-3.42%
Current Estimated Value
$1,087,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$517,424
Avg. Annual Appreciation
5.71%
Original Mortgage
$300,000
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 31, 2005
Sold by
Rundells Inc
Bought by
Maly Lisa Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Interest Rate
5.89%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
2862 Cimarron Llc $569,800 None Available
Maly Lisa Marie $590,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2862 Cimarron Llc $300,000
Previous Owner Maly Lisa Marie $472,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2014 12/02/14 Sold $569,800 -3.4% $245 / Sq Ft
09/30/2014 09/30/14 Pending -- -- --
07/21/2014 07/21/14 For Sale $590,000 -- $254 / 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 $28,689 $815,000 $147,000 $668,000
2023 $14,260 $785,000 $134,000 $651,000
2021 $13,910 $651,000 $111,000 $540,000
2020 $13,851 $620,000 $111,000 $509,000
2019 $13,229 $590,000 $111,000 $479,000
2018 $12,984 $580,000 $110,500 $469,500
2017 $14,502 $621,800 $110,500 $511,300
2016 $14,251 $597,800 $106,500 $491,300
2015 $13,719 $552,600 $106,500 $446,100
2014 $13,310 $552,600 $106,500 $446,100
2013 $12,970 $552,600 $106,500 $446,100
Source: Public Records

Agents Affiliated with this Home

  • Dan Roseliep

    Seller's Agent in 2014

    Dan Roseliep

    ALTUS Commercial Real Estate, Inc.

    (608) 234-4482

    8 Total Sales

    Dan Roseliep
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1722574

South Central Wisconsin Multiple Listing Service

APN: 0608-024-2110-1

Wisconsin Dane County Madison 53719 Westhaven Trails

2862 Cimarron Trail, Madison, WI

This home is located at 2862 Cimarron Trail, Madison, WI 53719 since 21 July 2014 and is currently estimated at $1,087,224, approximately $467 per square foot. This property was built in 1985. 2862 Cimarron Trail is a home located in Dane County with nearby schools including Huegel Elementary School, Toki Middle School, and Vel Phillips Memorial 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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