NOT LISTED FOR SALE

3230 Ridgeway Ave Unit 1 Madison, WI 53704

Carpenter-Ridgeway Neighborhood

Estimated Value: $312,000 - $505,000

4 Beds
2 Baths
1,695 Sq Ft
$226/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $186,000 $110 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,062/month

13 Days on Market

Highlights

  • Property is near a bus stop
  • Wood Siding
  • 2-minute walk to Carpenter-Ridgeway Park

About This Home

As of March 2018

Stable 2 flat in a quiet neighborhood just off E Washington Ave. Tenants share 2 car garage and take care of lawn care & snow removal. Now is the time for this opportunity.

Last Agent to Sell the Property

Byron Chase

EXP Realty, LLC License #49203-90 Listed on: 01/05/2018

EXP Realty, LLC

Co-Listed By

Jenny Hewitt

Real Broker LLC License #81857-94

Last Buyer's Agent

Byron Chase

EXP Realty, LLC License #49203-90 Listed on: 01/05/2018

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,875

Year Built

  • Built in 1954

Lot Details

  • 7,405

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

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

Parking

  • 2 Covered Spaces
  • On-Street Parking

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters

Additional Features

  • 7,405 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0810-323-0201-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,875

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Miscellaneous: Close to bus line
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior: Aluminum/Steel, Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Inside: 2
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Detached
  • Utilities: Separate elec meters

Schools

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

Lot Info

  • Estimated Aces: 0.17
  • Zoning: TR-C1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 18180

Tax Info

  • Land Assessment: 32900
  • Improvements: 148600
  • Total Assessment: 181500
  • Assessment year: 2017
  • Net Taxes: 3875
  • Tax Year: 2016
  • Assessor Parcel Number: 0810-323-0201-0

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2020
Sold by
Lmm Properties Llc
Bought by
Martens Lolita M and Lolita M Martens Living Trust
Current Estimated Value
$382,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Outstanding Balance
$177,383
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$202,820

Purchase Details

Listed on
Jan 5, 2018
Closed on
Mar 24, 2018
Sold by
Madsen James S and Madsen Tina R
Bought by
Lmm Properties Llc
Seller's Agent
Byron Chase
EXP Realty, LLC
Buyer's Agent
Byron Chase
EXP Realty, LLC
List Price
$197,500
Sold Price
$186,000
Premium/Discount to List
-$11,500
-5.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.29%
Original Mortgage
$139,500
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 2005
Sold by
Glover Peter A
Bought by
Madsen James S and Madsen Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,800
Interest Rate
6.07%
Mortgage Type
New Conventional
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
Martens Lolita M -- None Available
Lmm Properties Llc $186,000 --
Madsen James S $172,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martens Lolita M $234,500
Closed Martens Lolita M $66,000
Previous Owner Lmm Properties Llc $172,000
Previous Owner Lmm Properties Llc $139,500
Previous Owner Madsen James S $129,000
Previous Owner Madsen James S $154,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2018 03/30/18 Sold $186,000 -5.8% $110 / Sq Ft
01/18/2018 01/18/18 Pending -- -- --
01/05/2018 01/05/18 For Sale $197,500 -- $117 / 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 $11,308 $324,100 $54,600 $269,500
2023 $5,501 $305,800 $51,500 $254,300
2021 $5,347 $252,700 $41,400 $211,300
2020 $5,082 $229,700 $38,000 $191,700
2019 $4,816 $217,000 $36,200 $180,800
2018 $4,420 $199,700 $36,200 $163,500
2017 $4,155 $181,500 $32,900 $148,600
2016 $3,875 $165,000 $32,900 $132,100
2015 $3,764 $174,400 $32,900 $141,500
2014 $4,147 $174,400 $32,900 $141,500
2013 $3,787 $167,700 $31,600 $136,100
Source: Public Records

Agents Affiliated with this Home

  • Byron Chase

    Seller's Agent in 2018

    Byron Chase

    EXP Realty, LLC

    (608) 575-1414

    5 Total Sales

    Byron Chase
    Section Image
  • Jenny Hewitt

    Seller Co-Listing Agent in 2018

    Jenny Hewitt

    Real Broker LLC

    (608) 616-9234

    37 Total Sales

    Jenny Hewitt
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1820281

South Central Wisconsin Multiple Listing Service

APN: 0810-323-0201-0

Wisconsin Dane County Madison 53704 Carpenter-Ridgeway

3230 Ridgeway Ave Unit 1, Madison, WI

This home is located at 3230 Ridgeway Ave Unit 1, Madison, WI 53704 since 05 January 2018 and is currently estimated at $382,736, approximately $225 per square foot. This property was built in 1954. 3230 Ridgeway Ave Unit 1 is a home located in Dane County with nearby schools including Hawthorne Elementary School, O'Keeffe Middle, and East High School.

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