NOT LISTED FOR SALE

314 N Paterson St Unit 1 Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $392,000 - $1,089,208

3 Beds
2 Baths
1,507 Sq Ft
$448/Sq Ft Est. Value

Last Sold November 21, 2019

Last sale price $257,500 $171 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $4,533/month

4 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Accessible Bedroom
  • Fenced Yard
  • Eat-In Kitchen
  • 2-minute walk to Reynolds Park

About This Home

As of November 2019

A wonderful opportunity to own an affordable 2-flat in Madison's Tenney-Lapham neighborhood! Unit 1 is a 2-bedroom unit currently rented for $1125 per month. On 8/15/2020 this tenant will renew for another year at $1145 per month. Unit 2 is a 1-bedroom unit currently rented for $895 per month. On 8/15/2020 this tenant will also renew for another year at $905 per month. Features a fenced in yard and a newer roof (2014). Close to Festival Foods, Breeze Stevens Field, parks, restaurants, bus line, and downtown Madison.

Last Agent to Sell the Property

Dan Miller

Realty Executives Cooper Spransy License #69122-94 Listed on: 10/15/2019

Realty Executives Cooper Spransy

Co-Listed By

Shelley Lazzareschi

Realty Executives Cooper Spransy License #81821-94

Last Buyer's Agent

Erik Taske

Madcity Management, LLC License #54543-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,014

Year Built

  • Built in 1889

Lot Details

  • 3,485 Sq Ft Lot
  • Fenced Yard

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Schools

  • Lapham/Marquette Elementary School
  • Okeeffe Middle School
  • East High School

Additional Features

  • Accessible Bedroom
  • Balcony
  • Property is near a bus stop
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 0709-132-0937-0

Community Details

Overview

  • 2 Units
  • Tenney Lapham Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,014

Year Built

Built in 1889

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
  • Barrier Free: First floor bedroom
  • Items Excluded: Seller's and Tenant's Personal Property
  • Items Included: Unit 1: Range/Oven, Refrigerator, Portable A/C Unit Unit 2: Range/Oven, Refrigerator, Dishwasher, Portable A/C Unit Shared: Washer, Dryer
  • Miscellaneous: Shared laundry, Close to bus line, Fenced yard
  • Year Built: 1889
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 1
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 1
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 2

Utilities

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

Schools

  • School District: Madison
  • Elementary School: Lapham/Marquette
  • Middle School: OKeeffe
  • High School: East
  • Elementary School: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.08
  • Zoning: TR-V2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 24240

Tax Info

  • Land Assessment: 74200
  • Improvements: 163200
  • Total Assessment: 237400
  • Assessment year: 2019
  • Net Taxes: 5014
  • Tax Year: 2018
  • Assessor Parcel Number: 0709-132-0937-0

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 1
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2019
Closed on
Nov 21, 2019
Sold by
Fox Brittany E
Bought by
Madcity Management Llc
Seller's Agent
Dan Miller
Realty Executives Cooper Spransy
Buyer's Agent
Erik Taske
Madcity Management, LLC
List Price
$250,000
Sold Price
$257,500
Premium/Discount to List
$7,500
3%
Total Days on Market
4
Current Estimated Value
$674,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,302
Avg. Annual Appreciation
19.03%
Original Mortgage
$206,000
Outstanding Balance
$183,225
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
$491,577

Purchase Details

Listed on
Nov 13, 2014
Closed on
Mar 13, 2015
Sold by
Kelly Dimitri D and Jussel Cody Rose
Bought by
Fox Brittany E
Seller's Agent
Kelly Doyle
Realty Executives Cooper Spransy
Buyer's Agent
Tracey Teodecki
EXP Realty, LLC
List Price
$229,900
Sold Price
$205,500
Premium/Discount to List
-$24,400
-10.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.94%
Original Mortgage
$184,950
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 30, 2006
Sold by
Laplant Grant W and Laplant Lori A
Bought by
Kelly Dimitri D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,400
Interest Rate
6.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Madcity Management Llc $257,500 None Available
Fox Brittany E $205,500 None Available
Kelly Dimitri D $364,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madcity Management Llc $206,000
Previous Owner Fox Brittany E $184,950
Previous Owner Kelly Dimitri D $186,900
Previous Owner Kelly Dimitri D $194,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2019 11/21/19 Sold $257,500 +3.0% $171 / Sq Ft
10/15/2019 10/15/19 For Sale $250,000 +21.7% $166 / Sq Ft
03/20/2015 03/20/15 Sold $205,500 -10.6% $136 / Sq Ft
01/30/2015 01/30/15 Pending -- -- --
11/13/2014 11/13/14 For Sale $229,900 -- $153 / 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 $11,425 $327,400 $94,300 $233,100
2023 $5,505 $306,000 $94,300 $211,700
2021 $5,450 $257,500 $87,300 $170,200
2020 $5,706 $257,500 $81,600 $175,900
2019 $5,276 $237,400 $74,200 $163,200
2018 $5,014 $226,100 $71,300 $154,800
2017 $4,715 $205,500 $71,300 $134,200
2016 $4,846 $205,500 $66,000 $139,500
2015 $5,563 $233,000 $56,600 $176,400
2014 $5,567 $233,000 $56,600 $176,400
2013 $5,084 $224,000 $54,400 $169,600
Source: Public Records

Agents Affiliated with this Home

  • Dan Miller

    Seller's Agent in 2019

    Dan Miller

    Realty Executives

    (608) 852-7071

    198 Total Sales

    Dan Miller
    Section Image
  • Shelley Lazzareschi

    Seller Co-Listing Agent in 2019

    Shelley Lazzareschi

    Realty Executives

    (608) 215-3873

    3 in this area

    249 Total Sales

    Shelley Lazzareschi
    Section Image
  • Erik Taske

    Buyer's Agent in 2019

    Erik Taske

    Madcity Management, LLC

    (608) 219-9822

    8 Total Sales

    Erik Taske
    Section Image
  • Kelly Doyle

    Seller's Agent in 2015

    Kelly Doyle

    Realty Executives

    (608) 669-1010

    98 Total Sales

    Kelly Doyle
    Section Image
  • Tracey Teodecki

    Buyer's Agent in 2015

    Tracey Teodecki

    EXP Realty, LLC

    (608) 335-6745

    22 Total Sales

    Tracey Teodecki
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1870778

South Central Wisconsin Multiple Listing Service

APN: 0709-132-0937-0

Wisconsin Dane County Madison 53703 Tenney-Lapham

314 N Paterson St Unit 1, Madison, WI

This home is located at 314 N Paterson St Unit 1, Madison, WI 53703 since 15 October 2019 and is currently estimated at $674,802, approximately $447 per square foot. This property was built in 1889. 314 N Paterson St Unit 1 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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