NOT LISTED FOR SALE

322 E Mifflin St Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $496,000 - $860,000

7 Beds
3 Baths
2,032 Sq Ft
$312/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $410,000 $202 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,600/month

Highlights

  • Property is near a bus stop
  • Water Softener is Owned
  • Forced Air Heating System

About This Home

As of September 2022

Price slashed $70,000! Great investment or owner occupant opportunity. Rarest of rare finds in downtown Madison. 300 yards from the Capitol, 300 yards from James Madison Park on Lake Mendota, 2 1/2 story Victorian built in 1901. $3,000 net rental income per month. Super rental history, walk to downtown events, farmers market, grocery store, bus line, and parking ramp. August to August rents. HURRY! *See profit & loss document

Last Agent to Sell the Property

Jim Olmsted

Restaino & Associates License #6012-90 Listed on: 06/15/2022

Restaino & Associates

Last Buyer's Agent

Jim Olmsted

Restaino & Associates License #6012-90 Listed on: 06/15/2022

Restaino & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,474

Year Built

  • Built in 1901

Lot Details

  • 2,178

Parking

  • On-Street Parking

Home Design

  • Duplex

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher

Schools

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

Utilities

  • Forced Air Heating System
  • Water Softener is Owned

Additional Features

  • 2,178 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-133-2320-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,474

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 3 story, 2 flat-up and down
  • Items Excluded: Seller's personal property, all curtains
  • Items Included: 2 Stoves, 2 refrigerators, 1 washer, 1 dryer, 1 microwave, water softener, all blinds, central air on 2nd floor. - The washer draws power on Unit 2
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Noi Year: 2021
  • Year Built: 1901
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

  • Water Waste: Municipal water, Municipal sewer

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: 0.05
  • Zoning: PD
  • Geo Subdivision: WI

Rental Info

  • Total Income: 35880

Tax Info

  • Land Assessment: 80800
  • Improvements: 224300
  • Total Assessment: 305100
  • Assessment year: 2021
  • Net Taxes: 6474
  • Tax Year: 2021
  • Assessor Parcel Number: 0709-133-2320-3

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Sep 29, 2022
Sold by
Lin Joan B
Bought by
Bobzien Ben
Seller's Agent
Jim Olmsted
Restaino & Associates
Buyer's Agent
Jim Olmsted
Restaino & Associates
List Price
$500,000
Sold Price
$410,000
Premium/Discount to List
-$90,000
-18%
Current Estimated Value
$634,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,432
Avg. Annual Appreciation
8.90%
Original Mortgage
$307,500
Outstanding Balance
$295,981
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$231,673

Purchase Details

Closed on
Jul 27, 2012
Sold by
Meyer Scott W and Meyer Kayrn M
Bought by
Lin Joan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2007
Sold by
Nyland Scott E
Bought by
Meyer Scott W and Meyer Kayrn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2007
Sold by
Nyland Robin D and Nyland Robin
Bought by
Nyland Scott E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
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
Bobzien Ben $410,000 --
Lin Joan B $244,000 Rba Title Services Llc
Meyer Scott W $274,000 None Available
Nyland Scott E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bobzien Ben $307,500
Previous Owner Lin Joan B $170,000
Previous Owner Meyer Scott W $274,000
Previous Owner Nyland Scott E $274,000
Previous Owner Nyland Scott E $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $410,000 -4.6% $202 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
08/03/2022 08/03/22 Price Changed $429,900 -6.5% $212 / Sq Ft
07/19/2022 07/19/22 Price Changed $459,900 -4.2% $226 / Sq Ft
07/05/2022 07/05/22 Price Changed $479,900 -4.0% $236 / Sq Ft
06/25/2022 06/25/22 For Sale $500,000 +22.0% $246 / Sq Ft
06/17/2022 06/17/22 Off Market $410,000 -- --
06/15/2022 06/15/22 For Sale $500,000 -- $246 / 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 $14,640 $418,200 $87,300 $330,900
2023 $7,406 $410,000 $87,300 $322,700
2021 $6,474 $305,100 $80,800 $224,300
2020 $6,268 $282,500 $78,400 $204,100
2019 $6,293 $282,500 $78,800 $203,700
2018 $5,980 $269,000 $78,800 $190,200
2017 $6,197 $269,000 $78,800 $190,200
2016 $6,062 $256,200 $71,600 $184,600
2015 $6,125 $244,000 $71,600 $172,400
2014 $5,834 $244,000 $71,600 $172,400
2013 $5,741 $244,000 $67,500 $176,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jim Olmsted

    Restaino & Associates

    (608) 575-7562

    1 in this area

    14 Total Sales

    Jim Olmsted
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1937183

South Central Wisconsin Multiple Listing Service

APN: 0709-133-2320-3

Wisconsin Dane County Madison 53703 Downtown Madison

322 E Mifflin St, Madison, WI

This home is located at 322 E Mifflin St, Madison, WI 53703 since 15 June 2022 and is currently estimated at $634,432, approximately $312 per square foot. This property was built in 1901. 322 E Mifflin St 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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