NOT LISTED FOR SALE

31 E Gorham St Unit 4 Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $522,000 - $572,247

1 Bed
1 Bath
725 Sq Ft
$755/Sq Ft Est. Value

Last Sold April 30, 2015

Last sale price $305,000 $421 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $4,419/month

283 Days on Market

Highlights

  • Fireplace
  • Property is near a bus stop
  • 1-minute walk to Period Garden Park
  • Accessible Full Bathroom
  • Water Softener is Owned

About This Home

As of April 2015

Located in Mansion Hill Historical District. One bedroom unit and five single bedrooms sharing a community bathroom. Recent updates include : Exterior pain (2011), storm windows (2010), new roof (2008) complete rip off, broiler (2008), flooring in bathroom, kitchen, carpet in hallway (2010), new toilet/sink in community bathroom (2013). Single units 5 and 6 : lease expires on 08-14-2014.Unit 5 rent per month is 330.00 and Unit 6 rent per month is 450.00. All units include microwaves. 24 hour notice.

Last Agent to Sell the Property

Holly Lutz

Century 21 Affiliated License #71387-94 Listed on: 05/05/2014

Last Buyer's Agent

Xianjing Shan

OnePlus Realty Team License #52775-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,755

Year Built

  • Built in 1910

Lot Details

  • 2,701

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Basement Fills Entire Space Under The House
  • Oven or Range

Schools

  • Call School District Elementary And Middle School
  • East High School

Utilities

  • Radiant Heating System
  • Water Softener is Owned

Additional Features

  • Accessible Full Bathroom
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 0709-144-1301-1

Community Details

Overview

  • 6 Units
  • The community has rules related to parking rules

Building Details

  • Net Operating Income $26,454

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,755

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Barrier Free: First floor full bath, Door openings 29" or more
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Noi Year: 2013
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Furnaces: 1
  • Number Refrigerators: 6
  • Number Stoves: 3
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Parking fee

Fee Information

  • Total Expenses: 6426

Schools

  • School District: Madison
  • Elementary School: Call School District
  • Middle School: Call School District
  • High School: East
  • Elementary School: Call School District
  • High School: East
  • Middle School: Call School District
  • School District: Madison

Lot Info

  • Zoning: R6H
  • Geo Subdivision: WI

Rental Info

  • Total Income: 32880

Tax Info

  • Land Assessment: 74800
  • Improvements: 199800
  • Total Assessment: 274600
  • Assessment year: 2013
  • Net Taxes: 6755
  • Tax Year: 2013
  • Assessor Parcel Number: 0709-144-1301-1

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of Efficiencies: 5
  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2014
Closed on
Apr 30, 2015
Sold by
Fong Tom K and Fong Amanda Z
Bought by
Lin Nian En
Seller's Agent
Holly Lutz
Century 21 Affiliated
Buyer's Agent
Xianjing Shan
OnePlus Realty Team
List Price
$359,900
Sold Price
$305,000
Premium/Discount to List
-$54,900
-15.25%
Total Days on Market
283
Current Estimated Value
$547,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,124
Avg. Annual Appreciation
6.03%

Purchase Details

Closed on
Aug 28, 2008
Sold by
Steindl James
Bought by
Fong Tom K and Fong Amanda Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Lin Nian En $305,000 None Available
Fong Tom K $272,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fong Tom K $215,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2015 04/30/15 Sold $305,000 -15.3% $421 / Sq Ft
02/12/2015 02/12/15 Pending -- -- --
05/05/2014 05/05/14 For Sale $359,900 -- $496 / 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 $16,180 $461,700 $105,300 $356,400
2023 $7,799 $431,500 $105,300 $326,200
2021 $7,723 $363,200 $97,500 $265,700
2020 $7,477 $336,300 $94,700 $241,600
2019 $7,507 $336,300 $87,200 $249,100
2018 $7,136 $320,300 $87,200 $233,100
2017 $7,393 $320,300 $87,200 $233,100
2016 $7,232 $305,000 $79,300 $225,700
2015 $7,183 $285,600 $79,300 $206,300
2014 $6,841 $285,600 $79,300 $206,300
2013 $6,250 $274,600 $74,800 $199,800
Source: Public Records

Agents Affiliated with this Home

  • Holly Lutz

    Seller's Agent in 2015

    Holly Lutz

    Century 21 Affiliated

    (608) 698-9002

    79 Total Sales

    Holly Lutz
    Section Image

  • X

    Buyer's Agent in 2015

    Xianjing Shan

    OnePlus Realty Team

    (608) 219-4738

    2 in this area

    52 Total Sales

    Xianjing Shan
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1714550

South Central Wisconsin Multiple Listing Service

APN: 0709-144-1301-1

Wisconsin Dane County Madison 53703 Downtown Madison

31 E Gorham St Unit 4, Madison, WI

This home is located at 31 E Gorham St Unit 4, Madison, WI 53703 since 05 May 2014 and is currently estimated at $547,124, approximately $754 per square foot. This property was built in 1910. 31 E Gorham St Unit 4 is a home located in Dane County with nearby schools including Lapham Elementary School, O'Keeffe Middle, and East 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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