2938 Traceway Dr Madison, WI 53713
Arbor Hills NeighborhoodEstimated payment $3,075/month
Highlights
- Wood Flooring
- Balcony
- Attached Garage
- West High School Rated A
- Fireplace
- 3-minute walk to Aldo Leopold Park
About This Home
Showings to begin @ Open Houses 3/28-3/29. Excellent investment opportunity that actually cash flows!? This spacious duplex is tucked just behind Leopold Elementary school and just down the road from Aldo Leopold park which includes a community garden, pump track and some manicured nature paths! With shopping nearby and easy access to the Beltline and bus routes, this property has great rental demand!
Listing Agent
Realty Executives Cooper Spransy Brokerage Email: andrew@elevatepropertieswi.com License #77367-94 Listed on: 03/12/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,481
Year Built
- Built in 1980
Parking
- Attached Garage
Home Design
- Duplex
Interior Spaces
- Fireplace
- Family Room
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Oven or Range
- Dishwasher
Laundry
- Laundry in unit
- Washer and Dryer
Partially Finished 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
- Separate Water Meter
- High Speed Internet
Additional Features
- Balcony
- 10,890 Sq Ft Lot
- Property is near bus stop
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 0609-032-0305-2
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,519 | $407,900 | $109,800 | $298,100 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/30/2026 03/30/26 | Pending | -- | -- | -- | |
| 03/26/2026 03/26/26 | For Sale | $475,000 | 0.0% | $170 / Sq Ft | |
| 03/12/2026 03/12/26 | Off Market | $475,000 | -- | -- | |
| 08/15/2016 08/15/16 | Sold | $192,500 | -6.1% | $69 / Sq Ft | View Prior Sale |
| 07/13/2016 07/13/16 | Pending | -- | -- | -- | |
| 07/11/2016 07/11/16 | For Sale | $204,900 | -- | $73 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $192,500 | Knight Barry Title | |
| Warranty Deed | $250,000 | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $200,000 | New Conventional | |
| Previous Owner | $64,767 | Future Advance Clause Open End Mortgage |
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2018285
APN: 0609-032-0305-2
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Ask me questions while you tour the home.