NOT LISTED FOR SALE

31 E Gorham St Unit 4 Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $624,791 - $658,000

1 Bed
1 Bath
725 Sq Ft
$885/Sq Ft Est. Value

Last Sold April 30, 2015

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

Est. 110% increase in value since last sale

Current estimated payment $4,705/month

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
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • 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

  • 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

  • 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%
Current Estimated Value
$641,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,396
Avg. Annual Appreciation
7.33%

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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Average Value
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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 List to Sale Price per Sq Ft
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

    75 Total Sales

    Holly Lutz
    Section Image

  • X

    Buyer's Agent in 2015

    Xianjing Shan

    OnePlus Realty Team

    (608) 219-4738

    2 in this area

    53 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

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