NOT LISTED FOR SALE

3230 Ridgeway Ave Unit 1 Madison, WI 53704

Carpenter-Ridgeway Neighborhood

Estimated Value: $332,000 - $369,000

4 Beds
2 Baths
1,695 Sq Ft
$207/Sq Ft Est. Value

Last Sold March 30, 2018

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

Est. 89% increase in value since last sale

Current estimated payment $2,213/month

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
$351,225

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
10.00%
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
Previous Owner Lmm Properties Llc $139,500
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 $351,225, approximately $207 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.

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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