NOT LISTED FOR SALE

2950 Hermina St Unit 1 Madison, WI 53704

Worthington Park Neighborhood

Estimated Value: $356,000 - $401,094

4 Beds
2 Baths
1,598 Sq Ft
$230/Sq Ft Est. Value

Last Sold April 01, 2024

Last sale price $329,000 $206 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,305/month

39 Days on Market

About This Home

As of April 2024

Remove your shoes in the units. All showings to schedule between 10AM & 4PM NO EXCEPTIONS. 24-hours notice required. Fantastic investment opportunity in a revitalizing neighborhood. Located on the bike trail and Starkweather Creek, this two flat is in the ideal location for commuting around the city on a bike. Pop a kayak or canoe into the creek as well! The large yard has room for a fire pit, small garden & storage shed. Plenty of room in the two flat as well. Off-street parking for each tenant. Neighborhood is going through revitalization-a great investment. Units have front doors: one up on deck and one along side of building. Units also have back door in common hallway. Lower level was updated several years ago. Lower level bed 2 does not have a closet. Seller is a licensed agent. Investment opportunities in a revitalizing neighborhood! Great 2-flat with large yard on bike trail

Last Agent to Sell the Property

Sona Olson

Real Broker LLC License #48636-90 Listed on: 01/10/2024

Real Broker LLC

Last Buyer's Agent

Matt Kornstedt

Stark Company, REALTORS

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,422

Year Built

  • Built in 1975

Lot Details

  • 4,356 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Schools

  • Lowell Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Radiant Heating System
  • Separate Meters

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-052-2922-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,422

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Items Excluded: Personal property of tenants
  • Items Included: 2-oven/range, 2-refrigerator, 2-dishwasher, 2 ac units, 1-water softener and a washer and a dryer
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Units W Ac: 2
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Lowell
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.1
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 31800

Tax Info

  • Net Taxes: 5422
  • Tax Year: 2022
  • Assessor Parcel Number: 0710-052-2922-6

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2024
Closed on
Apr 1, 2024
Sold by
Melinda B Elmer Revocable Trust and Elmer Melinda B
Bought by
Vanphravong Tiffany
Seller's Agent
Sona Olson
Real Broker LLC
Buyer's Agent
Matt Kornstedt
Stark Company, REALTORS
List Price
$345,000
Sold Price
$329,000
Premium/Discount to List
-$16,000
-4.64%
Views
169
Current Estimated Value
$368,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,274
Avg. Annual Appreciation
7.45%
Original Mortgage
$312,550
Outstanding Balance
$307,782
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$60,492

Purchase Details

Listed on
Dec 11, 2020
Closed on
Jan 28, 2021
Sold by
Hermina Abl Llc
Bought by
Elmer Melinda B and Melinda B Elmer Revocable Trus
Seller's Agent
Katie Schmitz
The Hub Realty
Buyer's Agent
Sona Olson
Real Broker LLC
List Price
$280,000
Sold Price
$280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.22%
Original Mortgage
$210,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 4, 2020
Closed on
Mar 16, 2020
Sold by
Stirr Richard L and Stirr Gail M
Bought by
Hermina Abl Llc
Seller's Agent
Jo Ferraro
EXP Realty, LLC
Buyer's Agent
Paul Richters
The Hub Realty
List Price
$194,900
Sold Price
$195,000
Premium/Discount to List
$100
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.57%
Original Mortgage
$165,750
Interest Rate
3.4%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Vanphravong Tiffany $329,000 None Listed On Document
Elmer Melinda B $280,000 Wisconsin Title & Escrow
Hermina Abl Llc $195,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanphravong Tiffany $312,550
Previous Owner Elmer Melinda B $210,000
Previous Owner Hermina Abl Llc $165,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/01/2024 04/01/24 Sold $329,000 +1.3% $206 / Sq Ft
02/15/2024 02/15/24 Price Changed $324,900 -5.8% $203 / Sq Ft
01/10/2024 01/10/24 For Sale $345,000 +23.2% $216 / Sq Ft
01/29/2021 01/29/21 Sold $280,000 0.0% $175 / Sq Ft View Prior Sale
12/14/2020 12/14/20 Pending -- -- --
12/11/2020 12/11/20 For Sale $280,000 +43.6% $175 / Sq Ft
03/16/2020 03/16/20 Sold $195,000 +0.1% $120 / Sq Ft View Prior Sale
02/11/2020 02/11/20 For Sale $194,900 -0.1% $120 / Sq Ft
02/06/2020 02/06/20 Off Market $195,000 -- --
02/04/2020 02/04/20 For Sale $194,900 -- $120 / 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 $11,911 $321,100 $69,200 $251,900
2023 $5,397 $300,100 $69,200 $230,900
2021 $4,107 $195,000 $61,000 $134,000
2020 $5,023 $227,100 $58,700 $168,400
2019 $4,800 $216,300 $54,900 $161,400
2018 $4,652 $210,000 $54,900 $155,100
2017 $4,295 $187,500 $49,900 $137,600
2016 $4,297 $180,300 $49,900 $130,400
2015 $4,079 $171,700 $44,900 $126,800
2014 $4,082 $171,700 $44,900 $126,800
2013 $3,727 $165,100 $43,200 $121,900
Source: Public Records

Agents Affiliated with this Home

  • Sona Olson

    Seller's Agent in 2024

    Sona Olson

    Real Broker LLC

    (608) 770-1896

    2 in this area

    60 Total Sales

    Sona Olson
    Section Image
  • Matt Kornstedt

    Buyer's Agent in 2024

    Matt Kornstedt

    Stark Company, REALTORS

    (608) 345-7943

    5 in this area

    1,843 Total Sales

    Matt Kornstedt
    Section Image
  • Katie Schmitz

    Seller's Agent in 2021

    Katie Schmitz

    The Hub Realty

    (608) 556-4400

    1 in this area

    89 Total Sales

    Katie Schmitz
    Section Image
  • Jo Ferraro

    Seller's Agent in 2020

    Jo Ferraro

    EXP Realty, LLC

    (608) 445-2287

    1 in this area

    1,011 Total Sales

    Jo Ferraro
    Section Image
  • Paul Richters

    Buyer's Agent in 2020

    Paul Richters

    The Hub Realty

    (608) 438-8715

    2 Total Sales

    Paul Richters
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1969554

South Central Wisconsin Multiple Listing Service

APN: 0710-052-2922-6

Wisconsin Dane County Madison 53704 Worthington Park

2950 Hermina St Unit 1, Madison, WI

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