NOT LISTED FOR SALE

316 Memphis Ave Madison, WI 53714

Worthington Park Neighborhood

Estimated Value: $363,000 - $698,000

3 Beds
2 Baths
1,728 Sq Ft
$263/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $311,000 $180 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,775/month

26 Days on Market

Highlights

  • Balcony
  • Accessible Full Bathroom
  • Forced Air Heating System
  • Eat-In Kitchen
  • Property is near a bus stop
  • 4-minute walk to Worthington Park

About This Home

As of December 2022

INVEST HERE! Exciting 2 flat investment! FIRST FLOOR: 1 Bedroom, dining room with hardwood floors, bedroom has lots of built-ins. Primary bedroom w/ bath off the bedroom, updated kitchen with ceramic tile floor. SECOND FLOOR: 2 Bedroom, updated kitchen with gas stove, living room with exposed beams, bath with built-ins & deck. Central air throughout both units. Great fenced yard with nice shed. Really well insulated house, foam filled around all windows, tested out with the Dane County Lead Program. Easy access Downtown and Interstate.

Last Agent to Sell the Property

Matt Kornstedt

Stark Company, REALTORS Listed on: 10/03/2022

Stark Company, REALTORS

Last Buyer's Agent

Jason Iverson

Mode Realty Network License #88344-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,362

Year Built

  • Built in 1923

Lot Details

  • 5,227

Home Design

  • Duplex

Interior Spaces

  • Family Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • 2 Open Parking Spaces
  • Driveway Level

Schools

  • Lowell Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Forced Air Heating System
  • Separate Meters

Additional Features

  • Accessible Full Bathroom
  • Balcony
  • 5,227 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0710-051-3010-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,362

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Municipality: Blooming Grove
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Barrier Free: First floor full bath, Level drive
  • Items Excluded: Seller's Personal Property.
  • Items Included: 2 Range/Ovens, 2 Refrigerators, 1 Dishwasher, Washer, 2 Dryer.
  • Miscellaneous: Shared laundry, Close to bus line
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 1
  • Number Dryers: 2
  • Number Units W Ac: 2
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 2

Utilities

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

Schools

  • Elementary School: Lowell
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.12
  • Zoning: Res
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 3362
  • Tax Year: 2021
  • Assessor Parcel Number: 0710-051-3010-6

Multi Family

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

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2024
Sold by
Paulet Steven
Bought by
Bauer Rachel
Current Estimated Value
$454,986

Purchase Details

Listed on
Oct 3, 2022
Closed on
Dec 2, 2022
Sold by
Paul F Elizabeth A Revocable Trust
Bought by
Bauer Rachel and Paulet Steven
Seller's Agent
Matt Kornstedt
Stark Company, REALTORS
Buyer's Agent
Jason Iverson
Mode Realty Network
List Price
$304,900
Sold Price
$311,000
Premium/Discount to List
$6,100
2%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.02%
Original Mortgage
$295,450
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 11, 2021
Closed on
Jun 18, 2021
Sold by
Corbit Robert J and Corbit Amber D
Bought by
Dvorak Paul F and Paul F & Elizabeth A Revocable
Seller's Agent
Matt Kornstedt
Stark Company, REALTORS
Buyer's Agent
Matt Kornstedt
Stark Company, REALTORS
List Price
$250,000
Sold Price
$282,500
Premium/Discount to List
$32,500
13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$226,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2018
Sold by
Corbit Robert J
Bought by
Corbit Robert J and Corbit Amber D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,600
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2007
Sold by
Project Home Development Corp
Bought by
Corbit Robert J

Purchase Details

Closed on
Mar 13, 2006
Sold by
Boyle Anne L and Johnson Richard
Bought by
Corbit Robert J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
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
Bauer Rachel -- None Listed On Document
Bauer Rachel -- None Listed On Document
Bauer Rachel $311,000 --
Dvorak Paul F $282,500 None Available
Corbit Robert J -- --
Corbit Robert J $1,700 None Available
Corbit Robert J $161,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bauer Rachel $295,450
Previous Owner Dvorak Paul F $226,000
Previous Owner Corbit Robert J $184,600
Previous Owner Corbit Robert J $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2022 12/02/22 Sold $311,000 +2.0% $180 / Sq Ft
10/29/2022 10/29/22 Pending -- -- --
10/21/2022 10/21/22 For Sale $304,900 -2.0% $176 / Sq Ft
10/05/2022 10/05/22 Off Market $311,000 -- --
10/03/2022 10/03/22 For Sale $304,900 +7.9% $176 / Sq Ft
06/18/2021 06/18/21 Sold $282,500 +13.0% $163 / Sq Ft View Prior Sale
05/18/2021 05/18/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $250,000 -11.5% $145 / Sq Ft
05/11/2021 05/11/21 Off Market $282,500 -- --
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 $4,589 $311,000 $61,000 $250,000
2023 $4,234 $182,600 $34,000 $148,600
2021 $3,362 $182,600 $34,000 $148,600
2020 $3,182 $182,600 $34,000 $148,600
2019 $3,173 $182,600 $34,000 $148,600
2018 $2,991 $163,300 $34,000 $129,300
2017 $3,059 $163,300 $34,000 $129,300
2016 $3,253 $163,300 $34,000 $129,300
2015 $3,364 $163,300 $34,000 $129,300
2014 $3,583 $163,300 $34,000 $129,300
2013 $3,540 $163,300 $34,000 $129,300
Source: Public Records

Agents Affiliated with this Home

  • Matt Kornstedt

    Seller's Agent in 2022

    Matt Kornstedt

    Stark Company, REALTORS

    (608) 345-7943

    5 in this area

    1,848 Total Sales

    Matt Kornstedt
    Section Image
  • Jason Iverson

    Buyer's Agent in 2022

    Jason Iverson

    Mode Realty Network

    (608) 628-6605

    1 in this area

    74 Total Sales

    Jason Iverson
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1944651

South Central Wisconsin Multiple Listing Service

APN: 0710-051-3010-6

Wisconsin Dane County Madison 53714 Worthington Park

316 Memphis Ave, Madison, WI

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