NOT LISTED FOR SALE

2938 Traceway Dr Madison, WI 53713

Arbor Hills Neighborhood

Estimated Value: $465,000 - $480,000

6 Beds
4 Baths
2,800 Sq Ft
$170/Sq Ft Est. Value

Sale Details

Date Sold: April 17, 2026

Last sale price $483,000 $172 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,210 / mo

4 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Attached Garage
  • West High School Rated A
  • Fireplace
  • 3-minute walk to Aldo Leopold Park

About This Home

As of April 2026

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!

Last Agent to Sell the Property

Andrew Genin

Realty Executives Cooper Spransy Brokerage Email: andrew@elevatepropertieswi.com License #77367-94 Listed on: 03/12/2026

Realty Executives Cooper Spransy

Last Buyer's Agent

Xianjing Shan

OnePlus Realty Team License #52775-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,481

Year Built

  • Built in 1980

Lot Details

  • 0.25

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,481

Year Built

Built in 1980

Lot Details

0.25 Acres

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: Tenants personal property
  • Items Included: 2 range/ovens, 2 refrigerators, 2 dishwashers, 1 washer, 1 dryer
  • Miscellaneous: Close to bus line, Internet - Cable
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Partially finished
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Units W Ac: 2
  • Number Washers: 1

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 1

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Attached
  • Utilities: Separate elec meters, Separate gas 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: 42720

Tax Info

  • Net Taxes: 6481
  • Tax Year: 2024
  • Assessor Parcel Number: 0609-032-0305-2

Multi Family

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2026
Closed on
Apr 17, 2026
Sold by
Bought by
Seller's Agent
Andrew Genin
Realty Executives Cooper Spransy
Buyer's Agent
Xianjing Shan
OnePlus Realty Team
List Price
$475,000
Sold Price
$483,000
Premium/Discount to List
$8,000
1.68%
Views
38
Current Estimated Value
$475,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,397
Avg. Annual Appreciation
-5.99%

Purchase Details

Listed on
Jul 11, 2016
Closed on
Aug 15, 2016
Sold by
Bought by
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%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.97%

Purchase Details

Closed on
Aug 1, 2005
Sold by
Bought by

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
Bought by

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$483,000 Knight Barry Title
$192,500 Knight Barry Title
$250,000 None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $200,000
Previous Owner $64,767
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/17/2026 04/17/26 Sold $483,000 +1.7% $173 / Sq Ft
03/30/2026 03/30/26 Pending -- -- --
03/26/2026 03/26/26 For Sale $475,000 -1.7% $170 / Sq Ft
03/12/2026 03/12/26 Off Market $483,000 -- --
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
Source: South Central Wisconsin Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

Agents Affiliated with this Home

  • Andrew Genin

    Seller's Agent in 2026

    Andrew Genin

    Realty Executives

    (608) 886-7269

    1 in this area

    80 Total Sales

    Andrew Genin
    Section Image

  • X

    Buyer's Agent in 2026

    Xianjing Shan

    OnePlus Realty Team

    (608) 219-4738

    4 in this area

    57 Total Sales

    Xianjing Shan
    Section Image
  • Jack Cheng

    Seller's Agent in 2016

    Jack Cheng

    Real Broker LLC

    (608) 957-2683

    92 Total Sales

    Jack Cheng
    Section Image

  • H

    Seller Co-Listing Agent in 2016

    Hui Cheng

    Real Broker LLC

    (608) 332-8693

    Hui Cheng
    Section Image
  • Matt Winzenried

    Buyer's Agent in 2016

    Matt Winzenried

    Realty Executives

    (608) 358-4396

    4 in this area

    686 Total Sales

    Matt Winzenried
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 2018285

South Central Wisconsin Multiple Listing Service

APN: 0609-032-0305-2

Wisconsin Dane County Madison 53713 Arbor Hills

2938 Traceway Dr, Madison, WI

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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