NOT LISTED FOR SALE

2937 Traceway Dr Madison, WI 53713

Arbor Hills Neighborhood

Estimated Value: $427,000 - $535,000

6 Beds
4 Baths
2,960 Sq Ft
$160/Sq Ft Est. Value

Last Sold September 12, 2024

Last sale price $420,000 $142 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,961/month

8 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Eat-In Kitchen
  • West High School Rated A
  • Balcony
  • 4-minute walk to Aldo Leopold Park

About This Home

As of September 2024

Great investment opportunity! Unit 2937 has many new updates throughout including flooring, bathrooms, etc. Both sides have in-unit laundry, large fully-fenced yards, and attached garages. Unit 2937 turned bedroom into dining room in the past, could potentially be turned back into 4th bedroom if desired. Unit 2939 has a very long term tenant, but planning to move out at end of lease. Property is very close to parks, bike/walking path, golf course, and elementary school. Very quick to jump onto the beltline for easy commuting. Everything a tenant would be looking for! Photos are of unit 2937.

Last Agent to Sell the Property

Ryan Bird

Century 21 Affiliated Brokerage Phone: 608-217-2974 License #75545-94 Listed on: 08/14/2024

Century 21 Affiliated

Last Buyer's Agent

Cheng Real Estat Group

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,444

Year Built

  • Built in 1986

Lot Details

  • 0.25 Acre Lot
  • Fenced Yard

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • Dining Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Finished Basement

  • Partial Basement
  • Basement Windows

Parking

  • 4 Open Parking Spaces
  • 2 Covered Spaces

Schools

  • Leopold Elementary School
  • Cherokee Heights Middle School
  • West High School

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter
  • Water Softener Leased
  • High Speed Internet
  • Internet Available

Additional Features

  • Balcony
  • Property is near a bus stop

Community Details

  • 2 Units
  • Bowman Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0609-032-0623-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,444

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side
  • Items Excluded: Seller and Tenant's personal property, water softeners are rented (Culligan)
  • Items Included: (2) refrigerator, (2) oven/range, (2) dishwasher, (1) washer, (1) dryer, some window coverings
  • Miscellaneous: Close to bus line, Water Softener Rented, Fenced yard, Internet - Cable, Internet - DSL, Internet -Fiber Available
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Full size windows/Exposed, Finished, Poured concrete foundatn
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Units W Ac: 2
  • Number Washers: 1
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Aluminum/Steel, Brick

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Parking Stalls Inside: 2
  • Parking Stalls Outside: 4

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Attached, 2 spaces
  • Utilities: Separate elec meters, Separate water meters

Schools

  • Elementary School: Leopold
  • High School: West
  • Middle School: Cherokee Heights
  • School District: Madison

Lot Info

  • Estimated Aces: 0.25
  • Zoning: Res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 13800

Tax Info

  • Net Taxes: 6444
  • Tax Year: 2023
  • Assessor Parcel Number: 0609-032-0623-8

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Sep 12, 2024
Sold by
Sievert Joel
Bought by
Jiang James
Seller's Agent
Ryan Bird
Century 21 Affiliated
Buyer's Agent
Cheng Real Estat Group
Real Broker LLC
List Price
$429,900
Sold Price
$420,000
Premium/Discount to List
-$9,900
-2.3%
Views
68
Current Estimated Value
$474,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,596
Avg. Annual Appreciation
9.86%

Purchase Details

Listed on
Apr 3, 2016
Closed on
Jun 20, 2016
Sold by
Nickel Lynette A
Bought by
Sievert Joel
Seller's Agent
Kevin Grinvalsky
Rodina Real Estate LLC
Buyer's Agent
Ken Kaiser
Real Broker LLC
List Price
$235,000
Sold Price
$208,000
Premium/Discount to List
-$27,000
-11.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.91%
Original Mortgage
$204,232
Interest Rate
3.25%
Mortgage Type
FHA
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
Jiang James $420,000 None Listed On Document
Sievert Joel $208,000 Knight Barry Title Svcs Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sievert Joel $204,232
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2024 09/12/24 Sold $420,000 -2.3% $142 / Sq Ft
08/14/2024 08/14/24 For Sale $429,900 +106.7% $145 / Sq Ft
06/21/2016 06/21/16 Sold $208,000 -11.5% $74 / Sq Ft View Prior Sale
04/29/2016 04/29/16 Pending -- -- --
04/03/2016 04/03/16 For Sale $235,000 -- $84 / 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 $15,617 $375,700 $109,800 $265,900
2023 $6,444 $351,100 $102,600 $248,500
2021 $7,326 $290,300 $84,000 $206,300
2020 $6,902 $268,800 $84,000 $184,800
2019 $6,796 $258,500 $80,800 $177,700
2018 $5,075 $228,800 $71,500 $157,300
2017 $6,305 $208,000 $71,500 $136,500
2016 $4,456 $189,200 $65,600 $123,600
2015 $4,326 $181,900 $82,300 $99,600
2014 $4,329 $181,900 $82,300 $99,600
2013 $6,326 $178,300 $82,300 $96,000
Source: Public Records

Agents Affiliated with this Home

  • Ryan Bird

    Seller's Agent in 2024

    Ryan Bird

    Century 21 Affiliated

    (608) 217-2974

    2 in this area

    143 Total Sales

    Ryan Bird
    Section Image

  • C

    Buyer's Agent in 2024

    Cheng Real Estat Group

    Real Broker LLC

    (608) 957-2683

    5 in this area

    409 Total Sales

    Cheng Real Estat Group
    Section Image

  • K

    Seller's Agent in 2016

    Kevin Grinvalsky

    Rodina Real Estate LLC

    (608) 279-0326

    10 Total Sales

    Kevin Grinvalsky
    Section Image
  • Ken Kaiser

    Buyer's Agent in 2016

    Ken Kaiser

    Real Broker LLC

    (608) 843-5227

    48 Total Sales

    Ken Kaiser
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1983722

South Central Wisconsin Multiple Listing Service

APN: 0609-032-0623-8

Wisconsin Dane County Madison 53713 Arbor Hills

2937 Traceway Dr, Madison, WI

Not Listed for Sale

MultiFamily

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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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