NOT LISTED FOR SALE

2950 Traceway Dr Madison, WI 53713

Arbor Hills Neighborhood

Estimated Value: $474,000 - $511,000

6 Beds
4 Baths
2,774 Sq Ft
$175/Sq Ft Est. Value

Last Sold December 31, 2018

Last sale price $270,000 $97 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,666/month

176 Days on Market

Highlights

  • Attached Garage
  • Eat-In Kitchen
  • Family Room
  • West High School Rated A
  • Forced Air Heating and Cooling System
  • 4-minute walk to Aldo Leopold Park

About This Home

As of December 2018

Great location! Centrally located and backs up to some trees and the school property. Each unit has 3bd/1.5bth, deck in private backyard, and attached 1 car garage. Lower level has exposure for possible 4th bedroom. Both units have new flooring & paint throughout, new kitchen counters, new bathroom vanities, and more! Ready for owner-occupant OR choose your own tenants! Measurements are approx. Previous rents were before renovations and were at $1350 and $1290.

Last Agent to Sell the Property

Seth Peterson

Realty Executives Cooper Spransy License #56704-90 2283-106 Listed on: 06/19/2018

Realty Executives Cooper Spransy

Last Buyer's Agent

Sheila Power

Restaino & Associates License #52230-90

Restaino & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,888

Year Built

  • Built in 1981

Lot Details

  • 0.25 Acre Lot

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Family Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • Attached Garage
  • 4 Open Parking Spaces

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter

Community Details

  • 2 Units
  • Bowman Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0609-032-0302-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,888

Year Built

Built in 1981

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, Townhouse style units
  • Items Included: appliances owned by the seller
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Finished
  • Number Units W Ac: 2

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 2
  • Parking Stalls Outside: 4

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: SR-C3

Rental Info

  • Total Income: 30480

Tax Info

  • Net Taxes: 4888
  • Tax Year: 2017
  • Assessor Parcel Number: 0609-032-0302-8

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2020
Sold by
Jackson Nicholas
Bought by
2950-2952 Traceway Drive Llc
Current Estimated Value
$490,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2020
Sold by
2950-2952 Traceway Drive Llc
Bought by
Jackson Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 19, 2018
Closed on
Jan 16, 2019
Sold by
Colton Jackson Nicholas and Colton Howard
Bought by
2950-2952 Traceway Drive Llc
Seller's Agent
Seth Peterson
Realty Executives Cooper Spransy
Buyer's Agent
Sheila Power
Restaino & Associates
List Price
$279,750
Sold Price
$270,000
Premium/Discount to List
-$9,750
-3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.68%

Purchase Details

Listed on
Jun 19, 2018
Closed on
Dec 28, 2018
Sold by
Stern Richard D
Bought by
Colton Jackson Nicholas and Colton Howard
Seller's Agent
Seth Peterson
Realty Executives Cooper Spransy
Buyer's Agent
Sheila Power
Restaino & Associates
List Price
$279,750
Sold Price
$270,000
Premium/Discount to List
-$9,750
-3.49%
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
2950-2952 Traceway Drive Llc -- None Available
Jackson Nicholas -- Nations Title
2950-2952 Traceway Drive Llc $270,000 None Available
Colton Jackson Nicholas $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jackson Nicholas $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2018 12/31/18 Sold $270,000 -1.8% $97 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
12/06/2018 12/06/18 Price Changed $274,900 -3.5% $99 / Sq Ft
11/13/2018 11/13/18 Price Changed $285,000 +1.9% $103 / Sq Ft
11/07/2018 11/07/18 For Sale $279,750 0.0% $101 / Sq Ft
10/07/2018 10/07/18 Pending -- -- --
09/08/2018 09/08/18 For Sale $279,750 +3.6% $101 / Sq Ft
08/07/2018 08/07/18 Off Market $270,000 -- --
07/30/2018 07/30/18 For Sale $269,000 -0.4% $97 / Sq Ft
06/25/2018 06/25/18 Off Market $270,000 -- --
06/25/2018 06/25/18 Pending -- -- --
06/19/2018 06/19/18 For Sale $269,000 -- $97 / 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 $13,510 $377,400 $110,600 $266,800
2023 $6,519 $352,700 $103,400 $249,300
2022 $13,079 $326,600 $92,300 $234,300
2021 $6,183 $291,600 $84,700 $206,900
2020 $5,987 $270,000 $84,700 $185,300
2019 $6,011 $270,000 $81,400 $188,600
2018 $5,174 $233,200 $72,000 $161,200
2017 $4,888 $212,000 $72,000 $140,000
2016 $4,678 $197,600 $66,100 $131,500
2015 $4,522 $187,300 $82,800 $104,500
2014 $4,460 $187,300 $82,800 $104,500
2013 $4,623 $183,600 $82,800 $100,800
Source: Public Records

Agents Affiliated with this Home

  • Seth Peterson

    Seller's Agent in 2018

    Seth Peterson

    Realty Executives

    (608) 320-9612

    1 in this area

    88 Total Sales

    Seth Peterson
    Section Image
  • Sheila Power

    Buyer's Agent in 2018

    Sheila Power

    Restaino & Associates

    (608) 469-5800

    2 in this area

    65 Total Sales

    Sheila Power
    Section Image
See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1834095

South Central Wisconsin Multiple Listing Service

APN: 0609-032-0302-8

Wisconsin Dane County Madison 53713 Arbor Hills

2950 Traceway Dr, Madison, WI

Not Listed for Sale

MultiFamily

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