NOT LISTED FOR SALE

2938 Traceway Dr Madison, WI 53713

Arbor Hills Neighborhood

Estimated Value: $415,000 - $489,000

6 Beds
4 Baths
2,800 Sq Ft
$164/Sq Ft Est. Value

Last Sold August 15, 2016

Last sale price $192,500 $69 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $3,471/month

2 Days on Market

Highlights

  • Balcony
  • Fireplace
  • Eat-In Kitchen
  • West High School Rated A
  • Attached Garage
  • 3-minute walk to Aldo Leopold Park

About This Home

As of August 2016

Great West side easy to rent opportunity for investors with set leases for next year. Spacious duplex close to parks, Beltline and bus line. See docs for long list of recent updates. Solid investment with immediate cash flow! 24hr notice for showings required. Dimensions are approximate. Buyer to verify if important.

Last Agent to Sell the Property

Jack Cheng

Real Broker LLC License #58233-90 Listed on: 07/11/2016

Co-Listed By

Hui Cheng

Real Broker LLC License #53153-94

Last Buyer's Agent

Matt Winzenried

Realty Executives Cooper Spransy License #56875-90

Realty Executives Cooper Spransy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,144

Year Built

  • Built in 1980

Lot Details

  • 10,803

Parking

  • Attached Garage

Home Design

  • Duplex

Interior Spaces

  • Fireplace
  • Family Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Basement

  • Basement Fills Entire Space Under The House
  • Basement Windows

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Additional Features

  • Balcony
  • Property is near bus stop

Community Details

  • 2 Units
  • Bowman Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0609-032-0305-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,144

Year Built

Built in 1980

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
  • Miscellaneous: Close to bus line
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number Units W Ac: 2
  • Number Washers: 2

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

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

Utilities

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

Schools

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

Lot Info

  • Zoning: Res
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 4144
  • Tax Year: 2015
  • Assessor Parcel Number: 0609-032-0305-2

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2016
Closed on
Aug 15, 2016
Sold by
Li Yongjing
Bought by
Qz Properties Llc
Seller's Agent
Jack Cheng
Real Broker LLC
Buyer's Agent
Matt Winzenried
Realty Executives Cooper Spransy
List Price
$204,900
Sold Price
$192,500
Premium/Discount to List
-$12,400
-6.05%
Current Estimated Value
$460,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,012
Avg. Annual Appreciation
9.63%

Purchase Details

Closed on
Aug 1, 2005
Sold by
Brown Richard V
Bought by
Li Yongjing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2005
Sold by
Acker Vernon G and Acker Lavonne J
Bought by
Brown Richard V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.8%
Mortgage Type
New Conventional
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
Qz Properties Llc $192,500 Knight Barry Title
Li Yongjing $250,000 None Available
Brown Richard V -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Li Yongjing $200,000
Previous Owner Brown Richard V $64,767
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2016 08/15/16 Sold $192,500 -6.1% $69 / Sq Ft
07/13/2016 07/13/16 Pending -- -- --
07/11/2016 07/11/16 For Sale $204,900 -- $73 / 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 $12,961 $370,800 $109,800 $261,000
2023 $6,245 $346,500 $102,600 $243,900
2022 $12,544 $320,800 $91,600 $229,200
2021 $6,072 $286,400 $84,000 $202,400
2020 $5,879 $265,200 $84,000 $181,200
2019 $5,973 $255,000 $80,800 $174,200
2018 $4,764 $215,000 $71,500 $143,500
2017 $4,412 $192,500 $71,500 $121,000
2016 $4,269 $181,400 $65,600 $115,800
2015 $4,144 $174,400 $82,300 $92,100
2014 $4,147 $174,400 $82,300 $92,100
2013 $4,658 $171,000 $82,300 $88,700
Source: Public Records

Agents Affiliated with this Home

  • Jack Cheng

    Seller's Agent in 2016

    Jack Cheng

    Real Broker LLC

    (608) 957-2683

    1 in this area

    184 Total Sales

    Jack Cheng
    Section Image

  • H

    Seller Co-Listing Agent in 2016

    Hui Cheng

    Real Broker LLC

    (608) 332-8693

    7 Total Sales

    Hui Cheng
    Section Image
  • Matt Winzenried

    Buyer's Agent in 2016

    Matt Winzenried

    Realty Executives

    (608) 358-4396

    4 in this area

    664 Total Sales

    Matt Winzenried
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1781076

South Central Wisconsin Multiple Listing Service

APN: 0609-032-0305-2

Wisconsin Dane County Madison 53713 Arbor Hills

2938 Traceway Dr, Madison, WI

Not Listed for Sale

MultiFamily

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