NOT LISTED FOR SALE

315 Palomino Ln Unit 1 Madison, WI 53705

Sunset Village Neighborhood

Estimated Value: $649,000 - $745,000

5 Beds
3 Baths
2,680 Sq Ft
$257/Sq Ft Est. Value

Last Sold October 04, 2013

Last sale price $315,000 $118 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $4,359/month

5 Days on Market

Highlights

  • Open Floorplan
  • Balcony
  • Property is near a bus stop
  • Hamilton Middle School Rated A
  • Eat-In Kitchen
  • Water Softener is Owned

About This Home

As of October 2013

Excellent 3 unit building in fantastic location. Each unit has 3 season porch and off street parking. Hardwood floors throughout. Coin-op laundry for extra income. Close to campus, shopping, parks, and downtown. Easy to rent. Fully leased through June & July 2014.

Last Agent to Sell the Property

Justin Dobson

Dobson Property Management LLC License #59357-90 Listed on: 08/12/2013

Last Buyer's Agent

Christopher Stark

Stark Company, REALTORS License #57903-90

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,098

Year Built

  • Built in 1957

Lot Details

  • 6,665

Parking

  • Outside Parking

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • Open Floorplan
  • Family Room
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Schools

  • Midvale/Lincoln Elementary School
  • Hamilton Middle School
  • West High School

Utilities

  • Radiant Heating System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Balcony
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 0709-201-1605-5

Community Details

Overview

  • 3 Units
  • First Addition To The Ray F Lease Plat Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,098

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Barrier Free: Open floor plan
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Noi Year: 2013
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partially finished
  • Number Dryers: 2
  • Number Refrigerators: 3
  • Number Stoves: 3
  • Number Washers: 2
  • 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: 1 space, Outside
  • Utilities: Separate elec meters

Schools

  • School District: Madison
  • Elementary School: Midvale/Lincoln
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Midvale/Lincoln
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Zoning: R4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 33420

Tax Info

  • Land Assessment: 42200
  • Improvements: 225800
  • Total Assessment: 268000
  • Assessment year: 2012
  • Net Taxes: 6098
  • Tax Year: 2012
  • Assessor Parcel Number: 0709-201-1605-5

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of3 Bedrooms: 1
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2024
Sold by
Araujo Marta and Garcia-Ramirez Abel
Bought by
Marta And Abel Revocable Living Trust and Araujo
Current Estimated Value
$673,124

Purchase Details

Closed on
Sep 26, 2023
Sold by
Castle Black Llc
Bought by
Araujo Maria and Garcia-Ramirez Abel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,600
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 12, 2013
Closed on
Nov 26, 2013
Sold by
Stark Christopher and Stark Christopher P
Bought by
Castle Black Llc
Seller's Agent
Justin Dobson
Dobson Property Management LLC
Buyer's Agent
Christopher Stark
Stark Company, REALTORS
List Price
$315,000
Sold Price
$315,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%
Original Mortgage
$236,250
Interest Rate
4.56%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 12, 2013
Closed on
Oct 4, 2013
Sold by
11848 Kiowa Avenue Llc
Bought by
Stark Christopher and Stark Christopher P
Seller's Agent
Justin Dobson
Dobson Property Management LLC
Buyer's Agent
Christopher Stark
Stark Company, REALTORS
List Price
$315,000
Sold Price
$315,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
4.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2005
Sold by
Vandall Christopher and Vandall Napaporn
Bought by
11848 Kiowa Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Marta And Abel Revocable Living Trust -- None Listed On Document
Araujo Maria $602,000 None Listed On Document
Friar John P -- None Listed On Document
Castle Black Llc $325,000 None Available
Stark Christopher $315,000 Dane County Title Company
11848 Kiowa Avenue Llc $360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Araujo Maria $481,600
Previous Owner Castle Black Llc $156,477
Previous Owner Stark Christopher $236,250
Previous Owner 11848 Kiowa Ave Llc $37,096
Previous Owner 11848 Kiowa Avenue Llc $288,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2013 10/04/13 Sold $315,000 0.0% $118 / Sq Ft
08/17/2013 08/17/13 Pending -- -- --
08/12/2013 08/12/13 For Sale $315,000 -- $118 / 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 $21,147 $602,000 $88,900 $513,100
2023 $9,833 $542,800 $80,200 $462,600
2021 $9,139 $429,100 $63,400 $365,700
2020 $8,847 $397,300 $58,700 $338,600
2019 $8,456 $378,400 $55,900 $322,500
2018 $8,039 $360,400 $53,200 $307,200
2017 $7,564 $327,600 $50,700 $276,900
2016 $7,471 $315,000 $46,100 $268,900
2015 $7,549 $315,000 $43,900 $271,100
2014 $7,554 $315,000 $43,900 $271,100
2013 $6,098 $292,000 $42,200 $249,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Justin Dobson

    Dobson Property Management LLC

    (608) 729-8756

    1 in this area

    11 Total Sales

    Section Image
  • Christopher Stark

    Buyer's Agent in 2013

    Christopher Stark

    Stark Company, REALTORS

    (608) 443-4824

    1 in this area

    8 Total Sales

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1694224

South Central Wisconsin Multiple Listing Service

APN: 0709-201-1605-5

Wisconsin Dane County Madison 53705 Sunset Village

315 Palomino Ln Unit 1, Madison, WI

This home is located at 315 Palomino Ln Unit 1, Madison, WI 53705 since 12 August 2013 and is currently estimated at $689,201, approximately $257 per square foot. This property was built in 1957. 315 Palomino Ln Unit 1 is a home located in Dane County with nearby schools including Midvale 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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