NOT LISTED FOR SALE

306 S Broom St Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $711,000 - $823,693

6 Beds
3 Baths
3,148 Sq Ft
$243/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $530,000 $168 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $5,923/month

77 Days on Market

Highlights

  • Wood Flooring
  • Furnished
  • Balcony
  • Hamilton Middle School Rated A
  • Den
  • 1-minute walk to Brittingham Park

About This Home

As of July 2021

Strong Isthmus investment opportunity close to UW, Capitol Square, bike path, dog park & all downtown amenities. Seller says no vacancies in 12 years of ownership. Leased through mid July & Aug. 2022. For upcoming leases rent for 306 8/15/21-8/14/22 is $1,960 and for 308 8/1/21-7/31/22 is $1,570. Seller added 3rd floor addition accessed by spiral staircase to include 3rd bedroom laundry, living room, flex room and second bath. 1 or 2 more bedrooms could be added to the third floor. Third floor is plumbed for kitchen if you want two different but connected units in 308. Other updates include new furnaces, new air conditioning, new water heater, some flooring. Roof new with previous owner in 2004. No K&T wiring. *Total income/yr for new leases $42,500.

Last Agent to Sell the Property

Mardi Stroud

First Weber Inc License #51339-90 Listed on: 03/26/2021

First Weber Inc

Last Buyer's Agent

Kristine Jaeger

Sprinkman Real Estate License #69632-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,973

Year Built

  • Built in 1909

Lot Details

  • 1,742

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Family Room
  • Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Block Basement Construction

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Utilities

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

Additional Features

  • Balcony
  • 1,742 Sq Ft Lot

Community Details

  • 2 Units
  • Net Operating Income $25,404

Listing and Financial Details

  • Assessor Parcel Number 0709-231-3006-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,973

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 3 story, 2 flat-up and down
  • Items Included: 2 furnaces, 2 air conditioners, 2 water heaters, 1 water softener, 2 washers, 2 dryers, 2 range/ovens, 2 refrigerators, 2 microwaves, 1 dishwasher
  • Noi Year: 2020
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Block foundation
  • Number Dish Washers: 1
  • Number Dryers: 2
  • Number Furnaces: 2
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Units W Ac: 2
  • Number Washers: 2
  • Number Water Heaters: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 12596

Schools

  • School District: Madison
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.04
  • Zoning: DR2

Rental Info

  • Total Income: 38000

Tax Info

  • Land Assessment: 69800
  • Improvements: 28860
  • Total Assessment: 358400
  • Assessment year: 2020
  • Net Taxes: 7973
  • Tax Year: 2020
  • Assessor Parcel Number: 0709-231-3006-0

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
Jul 29, 2021
Sold by
Md Sweeney Llc
Bought by
Funk Amanda and Funk Levi
Seller's Agent
Mardi Stroud
First Weber Inc
Buyer's Agent
Kristine Jaeger
Sprinkman Real Estate
List Price
$555,000
Sold Price
$530,000
Premium/Discount to List
-$25,000
-4.5%
Current Estimated Value
$764,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,423
Avg. Annual Appreciation
8.29%
Original Mortgage
$397,500
Outstanding Balance
$365,474
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$359,255

Purchase Details

Closed on
Oct 22, 2013
Sold by
Sweeney Matthew M and Sweeney Diane M
Bought by
Md Sweeney Llc

Purchase Details

Closed on
Dec 17, 2011
Sold by
Sweeney Matthew M
Bought by
Sweeney Matthew M and Sweeney Diane M

Purchase Details

Closed on
Apr 11, 2008
Sold by
Withee Daniel and Withee Beth
Bought by
Sweeney Matthew M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Funk Amanda $530,000 None Available
Md Sweeney Llc -- None Available
Sweeney Matthew M -- None Available
Sweeney Matthew M $270,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Funk Amanda $397,500
Previous Owner Sweeney Matthew M $223,000
Previous Owner Sweeney Matthew M $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $530,000 -4.5% $168 / Sq Ft
04/15/2021 04/15/21 For Sale $555,000 +4.7% $176 / Sq Ft
03/29/2021 03/29/21 Off Market $530,000 -- --
03/26/2021 03/26/21 For Sale $555,000 -- $176 / 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 $20,266 $577,100 $77,700 $499,400
2023 $9,769 $539,300 $77,700 $461,600
2021 $8,236 $387,100 $71,900 $315,200
2020 $7,973 $358,400 $69,800 $288,600
2019 $8,005 $358,400 $67,100 $291,300
2018 $7,608 $341,300 $67,100 $274,200
2017 $7,883 $341,300 $67,100 $274,200
2016 $7,711 $325,000 $61,000 $264,000
2015 $7,791 $309,500 $61,000 $248,500
2014 $7,420 $309,500 $61,000 $248,500
2013 $6,780 $297,600 $57,500 $240,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mardi Stroud

    First Weber Inc

    Section Image
  • Kristine Jaeger

    Buyer's Agent in 2021

    Kristine Jaeger

    Sprinkman Real Estate

    (608) 217-1919

    4 in this area

    87 Total Sales

    Kristine Jaeger
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1905150

South Central Wisconsin Multiple Listing Service

APN: 0709-231-3006-0

Wisconsin Dane County Madison 53703 Downtown Madison

306 S Broom St, Madison, WI

This home is located at 306 S Broom St, Madison, WI 53703 since 26 March 2021 and is currently estimated at $764,423, approximately $242 per square foot. This property was built in 1909. 306 S Broom St is a home located in Dane County with nearby schools including Franklin Elementary School, Hamilton Middle School, and West High School.

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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