NOT LISTED FOR SALE

315 Palomino Ln 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 September 27, 2023

Last sale price $602,000 $225 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,359/month

7 Days on Market

Highlights

  • Open Floorplan
  • Balcony
  • Water Softener is Owned
  • Hamilton Middle School Rated A
  • Eat-In Kitchen
  • Family Room

About This Home

As of September 2023

Showings start 8/9. 3 unit located in prime near west side area of Madison. Investment opportunity awaits, whether building your portfolio or owner occupy and mitigate living expenses by way of additional units. Second floor unit #4 rent increases to $1200/month on 9/1/23. Amazing proximity to near west side amenities, including Hilldale, Hoyt Park and more. More photos will be coming! This is a 3 Unit. Unit makeup: First floor is Unit 1. Second floor has two units, which are labeled Unit 3 and Unit 4. Licensee interest.

Last Agent to Sell the Property

Christopher Stark

Stark Company, REALTORS License #57903-90 Listed on: 08/04/2023

Stark Company, REALTORS

Last Buyer's Agent

Doug Noot

EXP Realty, LLC License #52645-90

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,268

Year Built

  • Built in 1956

Lot Details

  • 6,534

Parking

  • 3 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • 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
  • Separate Water Meter
  • Water Softener is Owned

Additional Features

  • Balcony
  • 6,534 Sq Ft Lot

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 0709-201-1605-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,268

Year Built

Built in 1956

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: Open floor plan
  • Miscellaneous: Water Softener Owned
  • Year Built: 1956
  • 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
  • Parking Stalls Outside: 3

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space
  • Utilities: Separate elec meters, Separate gas meters, Separate water 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

  • Estimated Aces: 0.15
  • Zoning: R4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 43380

Tax Info

  • Land Assessment: 80200
  • Improvements: 462600
  • Total Assessment: 542800
  • Assessment year: 2023
  • Net Taxes: 9268
  • Tax Year: 2022
  • 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

Listed on
Aug 4, 2023
Closed on
Sep 26, 2023
Sold by
Castle Black Llc
Bought by
Araujo Maria and Garcia-Ramirez Abel
Seller's Agent
Christopher Stark
Stark Company, REALTORS
Buyer's Agent
Doug Noot
EXP Realty, LLC
List Price
$600,000
Sold Price
$602,000
Premium/Discount to List
$2,000
0.33%
Views
92

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.67%
Original Mortgage
$481,600
Interest Rate
8.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2013
Sold by
Stark Christopher and Stark Christopher P
Bought by
Castle Black Llc

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
Oct 4, 2013
Sold by
11848 Kiowa Avenue Llc
Bought by
Stark Christopher and Stark Christopher P

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
09/27/2023 09/27/23 Sold $602,000 +0.3% $225 / Sq Ft
08/11/2023 08/11/23 Pending -- -- --
08/04/2023 08/04/23 For Sale $600,000 -- $224 / 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

  • Christopher Stark

    Seller's Agent in 2023

    Christopher Stark

    Stark Company, REALTORS

    (608) 443-4824

    1 in this area

    8 Total Sales

    Section Image
  • Doug Noot

    Buyer's Agent in 2023

    Doug Noot

    EXP Realty, LLC

    (608) 663-8323

    3 in this area

    151 Total Sales

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1961322

South Central Wisconsin Multiple Listing Service

APN: 0709-201-1605-5

Wisconsin Dane County Madison 53705 Sunset Village

315 Palomino Ln, Madison, WI

This home is located at 315 Palomino Ln, Madison, WI 53705 since 04 August 2023 and is currently estimated at $689,201, approximately $257 per square foot. This property was built in 1956. 315 Palomino Ln 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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