NOT LISTED FOR SALE

3205 Ridgeway Ave Madison, WI 53704

Carpenter-Ridgeway Neighborhood

Estimated Value: $683,000

3 Beds
3 Baths
1,562 Sq Ft
$437/Sq Ft Est. Value

Sale Details

Date Sold: March 11, 2019

Last sale price $1,430,000 $915 Per Sq Ft

Current estimated payment $4,797 / mo

12 Days on Market

Highlights

  • Home Security System
  • Water Softener is Owned
  • Wood Siding
  • Property is near bus stop
  • Laundry Facilities

About This Home

As of March 2019

3 Separate buildings (18 units) 6 Apts per building, located in the hottest upcoming area in the EAST WASHINGTON AVENUE CORRIDOR. Ridgeway Ave (18 contiguous units) are just off E. Washington Ave. These four units are surrounded by owner occupied single family houses which increases neighborhood value. PLENTY OF PARKING AVAILABLE ON SITE. Many updates: all new windows in the entire building within the last 2 years. Updated painting, carpet in majority of all 3 buildings have a great mix of studio, one and two bedroom apartments. The 3 buildings were built between 1959 to 1960.

Last Agent to Sell the Property

Rick Mcky

Stark Company, REALTORS License #31716-90 Listed on: 01/21/2019

Stark Company, REALTORS

Co-Listed By

bryan mcky

Stark Company, REALTORS License #64049-94

Last Buyer's Agent

Michael Bonebrake

Century 21 Affiliated License #43181-94

Century 21 Affiliated

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,257

Year Built

  • Built in 1959

Lot Details

  • 4,356

Parking

  • Outside Parking

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Home Security System

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Windows

Schools

  • Hawthorne Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

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

Additional Features

  • 4,356 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 18 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0810-323-0513-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,257

Year Built

Built in 1959

Lot Details

4,356 Sq Ft Lot

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: Width of hallways 36"+
  • Items Included: 18 Stoves, 18 refrigerators, 18 dishwashers, 3 washers, 3 dryers, 3 water heaters, 3 furnaces.
  • Miscellaneous: Security system, Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Walkout to yard, Partially finished
  • Number Dish Washers: 18
  • Number Dryers: 3
  • Number Units W Ac: 18
  • Number Washers: 3
  • Number Water Softeners: 3

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.1
  • Zoning: TR-U1

Tax Info

  • Net Taxes: 31257
  • Tax Year: 2018
  • Assessor Parcel Number: 0810-323-0513-9

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of2 Bedrooms: 10
  • Number Of Efficiencies: 6
  • Number Of Units: 18

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2019
Closed on
Mar 11, 2019
Sold by
Ridgeway Commons Llc
Bought by
Seller's Agent
Rick Mcky
Stark Company, REALTORS
Buyer's Agent
Michael Bonebrake
Century 21 Affiliated
List Price
$1,450,000
Sold Price
$1,430,000
Premium/Discount to List
-$20,000
-1.38%
Current Estimated Value
$683,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$747,000
Avg. Annual Appreciation
-9.05%
Original Mortgage
$1,144,000
Outstanding Balance
$987,131
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
-$285,131

Purchase Details

Listed on
Oct 22, 2016
Closed on
Jan 3, 2017
Sold by
Augusta Realty Inc
Bought by
Ridgeway Commons Llc
Seller's Agent
Dennis Lynch
South Central Non-Member
Buyer's Agent
Nathan Welch
South Central Non-Member
List Price
$1,350,000
Sold Price
$1,350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.68%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Carpenter-Ridgeway, WI

  • Lauren Martinson Real Estate Agent - RE/MAX Preferred

    Lauren Martinson

    RE/MAX Preferred

    (608) 440-9439

    29 Total Sales

    1 in Carpenter-Ridgeway

    $300,000 Price

    Lauren Martinson
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  • Michael Leeson Real Estate Agent - Realty Executives Cooper Spransy

    Michael Leeson

    Realty Executives Cooper Spransy

    (608) 292-6702

    198 Total Sales

    1 in Carpenter-Ridgeway

    $235,000 Price

    Michael Leeson
     Section Image
  • Jennifer Geils Real Estate Agent - Stark Company, REALTORS

    Jennifer Geils

    Stark Company, REALTORS

    (845) 643-1031

    48 Total Sales

    1 in Carpenter-Ridgeway

    $260,000 Price

    Jennifer Geils
     Section Image
  • Thomsen Team Real Estate Agent - Modern Realty Partners LLC

    Thomsen Team

    Responds Quickly

    Modern Realty Partners LLC

    (262) 588-3642

    115 Total Sales

    1 in Carpenter-Ridgeway

    $320,000 Price

    Thomsen Team
     Section Image
  • Kelly Bennett Real Estate Agent - First Weber Inc

    Kelly Bennett

    First Weber Inc

    (608) 292-2685

    295 Total Sales

    1 in Carpenter-Ridgeway

    $322,500 Price

    Kelly Bennett
     Section Image
  • John Reuter Real Estate Agent - Integrity Homes - Real Broker LLC

    John Reuter

    Integrity Homes - Real Broker LLC

    (608) 292-2510

    92 Total Sales

    1 in Carpenter-Ridgeway

    $221,000 Price

    John Reuter
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,430,000 None Available
Ridgeway Commons Llc $1,350,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,144,000
Previous Owner Augusta Realty Inc $260,000
Previous Owner Augusta Realty Inc $283,920
Previous Owner Augusta Realty Inc $245,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2019 03/11/19 Sold $1,430,000 -1.4% $915 / Sq Ft
01/21/2019 01/21/19 For Sale $1,450,000 +7.4% $928 / Sq Ft
01/03/2017 01/03/17 Sold $1,350,000 0.0% $864 / Sq Ft View Prior Sale
11/03/2016 11/03/16 Pending -- -- --
10/22/2016 10/22/16 For Sale $1,350,000 -- $864 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $12,347 $666,700 $103,000 $563,700
2024 $20,722 $590,000 $103,000 $487,000
2023 $10,148 $560,000 $94,000 $466,000
2022 $19,884 $506,000 $85,000 $421,000
2021 $10,277 $482,000 $77,000 $405,000
2020 $10,750 $482,000 $77,000 $405,000
2019 $10,071 $450,000 $77,000 $373,000
2018 $10,056 $450,000 $77,000 $373,000
2017 $10,419 $450,000 $77,000 $373,000
2016 $7,423 $313,000 $73,000 $240,000
2015 $7,137 $281,000 $73,000 $208,000
2014 $6,730 $281,000 $73,000 $208,000
2013 $8,189 $281,000 $73,000 $208,000
Source: Public Records

Agents Affiliated with this Home

  • RM

    Seller's Agent in 2019

    Rick Mcky

    Stark Company, REALTORS

    Section Image

  • BM

    Seller Co-Listing Agent in 2019

    bryan mcky

    Stark Company, REALTORS

    (608) 886-6846

    3 Total Sales

    bryan mcky
    Section Image

  • MB

    Buyer's Agent in 2019

    Michael Bonebrake

    Century 21 Affiliated

    (608) 213-6625

    Michael Bonebrake
    Section Image

  • DL

    Seller's Agent in 2017

    Dennis Lynch

    South Central Non-Member

    Section Image

  • NW

    Buyer's Agent in 2017

    Nathan Welch

    South Central Non-Member

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1848881

South Central Wisconsin Multiple Listing Service

APN: 0810-323-0513-9

Wisconsin Dane County Madison 53704 Carpenter-Ridgeway

3205 Ridgeway Ave, Madison, WI

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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