NOT LISTED FOR SALE

333 N Sherman Ave Madison, WI 53704

Estimated Value: $529,000 - $589,000

8 Beds
4 Baths
3,000 Sq Ft
$189/Sq Ft Est. Value

Last Sold August 16, 2019

Last sale price $360,000 $120 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,310/month

33 Days on Market

Highlights

  • Balcony
  • Water Softener is Owned
  • Dining Room
  • Property is near bus stop
  • Forced Air Heating System
  • 4-minute walk to Johnson Park

About This Home

As of August 2019

4 Unit w/ identical 2 bdrm units. Good opportunity for owner-occupied, let your tenants pay your mortgage. This property will also cash flow well for investment purposes. Tenants pay all utilities except water/sewer. Central Air for each unit, maintenance-free exterior, newer roof, 8 off street parking stalls. Located across from Maple Bluff Village entrance & park. 2 blocks to Burrows Park and Lake Mendota. Rents are low due to long term residents. Storage for each unit and large space for owners use in basement. Gross potential rents exceed $48,000 annually.

Last Agent to Sell the Property

Andrew Stebnitz

Restaino & Associates License #56513-90 Listed on: 05/28/2019

Restaino & Associates

Last Buyer's Agent

Joshua Pelletter

Rockwood Realty Group License #55759-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,629

Year Built

  • Built in 1972

Lot Details

  • 5,227

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Dining Room
  • Basement Fills Entire Space Under The House
  • Oven or Range

Parking

  • 8 Open Parking Spaces
  • Outside Parking

Schools

  • Emerson Elementary School
  • Sherman Middle School
  • East High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Balcony
  • 5,227 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 4 Units
  • Net Operating Income $32,220

Listing and Financial Details

  • Assessor Parcel Number 0710-062-0607-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,629

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Items Excluded: Sellers/tenants personal Property
  • Items Included: 4 Range/Ovens, 4 Refrigerators, 1 water softener
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Units W Ac: 4
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel, Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 8

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside
  • Utilities: Separate elec meters, Separate gas meters

Schools

  • Elementary School: Emerson
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Estimated Aces: 0.12
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 32220

Tax Info

  • Net Taxes: 6629
  • Tax Year: 2018
  • Assessor Parcel Number: 0710-062-0607-5

Multi Family

  • Number Of2 Bedrooms: 4
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Aug 16, 2019
Sold by
Stephens John K and Stephens Debbie A
Bought by
Npt Sherman Llc
Seller's Agent
Andrew Stebnitz
Restaino & Associates
Buyer's Agent
Joshua Pelletter
Rockwood Realty Group
List Price
$450,000
Sold Price
$360,000
Premium/Discount to List
-$90,000
-20%
Current Estimated Value
$567,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,786
Avg. Annual Appreciation
7.31%
Original Mortgage
$278,400
Outstanding Balance
$243,827
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$323,959

Purchase Details

Closed on
May 14, 2013
Sold by
Ian Properties Llc
Bought by
Stephens John K and Stephens Debbie A

Purchase Details

Closed on
Dec 10, 2007
Sold by
Stephens John K and Stephens Debra A
Bought by
Ian Properties Llc

Purchase Details

Closed on
Jul 18, 2007
Sold by
Ian Properties Llc
Bought by
Stephens John K and Stephens Debra A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Npt Sherman Llc $360,000 None Available
Stephens John K -- None Available
Ian Properties Llc -- None Available
Stephens John K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Npt Sherman Llc $278,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2019 08/16/19 Sold $360,000 -15.3% $120 / Sq Ft
06/04/2019 06/04/19 Price Changed $425,000 -5.6% $142 / Sq Ft
05/28/2019 05/28/19 For Sale $450,000 -- $150 / 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 $16,297 $465,000 $46,000 $419,000
2023 $7,863 $435,000 $43,000 $392,000
2022 $14,811 $378,000 $39,000 $339,000
2021 $7,654 $360,000 $35,000 $325,000
2020 $8,009 $360,000 $35,000 $325,000
2019 $7,026 $315,000 $35,000 $280,000
2018 $6,629 $297,800 $34,900 $262,900
2017 $6,355 $275,800 $34,900 $240,900
2016 $6,532 $275,800 $31,900 $243,900
2015 $6,600 $259,800 $31,900 $227,900
2014 $6,216 $259,800 $31,900 $227,900
2013 $6,024 $251,800 $31,900 $219,900
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Andrew Stebnitz

    Restaino & Associates

    Section Image
  • Joshua Pelletter

    Buyer's Agent in 2019

    Joshua Pelletter

    Rockwood Realty Group

    (608) 239-3820

    2 in this area

    110 Total Sales

    Joshua Pelletter
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1858732

South Central Wisconsin Multiple Listing Service

APN: 0710-062-0607-5

Wisconsin Dane County Madison 53704

333 N Sherman Ave, Madison, WI

Not Listed for Sale

MultiFamily

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