NOT LISTED FOR SALE

Estimated Value: $240,000 - $250,173

1 Bed
1 Bath
508 Sq Ft
$543/mo HOA Fee

Last Sold January 23, 2025

Last sale price $238,000 $469 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,135/month

9 Days on Market

Highlights

  • Rooftop Deck
  • Elevator
  • Breakfast Bar
  • Hamilton Middle School Rated A
  • Bathtub
  • Resident Manager or Management On Site

About This Home

As of January 2025

Own your own little piece of downtown Madison! This pet-friendly condo comes fully equipped with all the essentials. Talk about convenience! Covered parking that allows you to drive right up to your 2nd floor unit & be just steps from your front door & fitness room. Other features include in-unit laundry, storage unit, and rooftop terrace garden complete with grills & fire pits, perfect for socializing or relaxing. The walkable location is unbeatable! A grocery store across the street & just 3 blocks from Capitol Square, which hosts the farmer’s market & some of the city’s best summer events. A short stroll to the Overture Center, State Street, museums, popular restaurants & shops, both lakes, and so much more. Don't miss out on the opportunity to be in the heart of it all! Call 608-841-2221 for a private showing or visit www.SpencerREG.com for more info & 3D virtual tour.

Last Listed By

Spencer Schumacher

Spencer Real Estate Group Brokerage Email: team@spencerreg.com License #58017-90 Listed on: 11/26/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,249

Year Built

  • Built in 2007

Lot Details

  • 1.46

HOA Fees

  • $543 Monthly HOA Fees

Home Design

  • Garden Home
  • Brick Exterior Construction

Interior Spaces

  • 508 Sq Ft Home
  • Storage Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

Location

  • Property is near a bus stop

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 0709-231-6306-1

Community Details

Overview

  • Association fees include parking, hot water, water/sewer, trash removal, snow removal, common area maintenance, common area insurance, reserve fund, lawn maintenance
  • 164 Units
  • Located in the Metropolitan Place master-planned community
  • The community has rules related to parking rules
  • Greenbelt

Amenities

  • Rooftop Deck
  • Elevator

Security

  • Resident Manager or Management On Site
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,249

Year Built

Built in 2007

Lot Details

0

HOA Fees

$543 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Garden
  • Items Excluded: Seller Personal Property
  • Items Included: Washer, Dryer, Refrigerator, dishwasher, microwave, water softener, all window coverings, garage door opener remote, attached tv mount, thermostat.
  • Fee Includes: Parking, Hot Water, Water/Sewer, Trash removal, Snow removal, Common area maintenance, Common area insurance, Reserve fund, Lawn maintenance
  • Project Name: Metropolitan Place
  • Year Built: 2007
  • Above Grade Price Per Sq Ft: 472.44
  • Above Grade Sold Price Per Sq Ft: 468.5
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Finished Sq Ft: 508
  • Finished Above Grade Sq Ft: 508
  • Bedrooms: 1
  • Total Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 11x9, On Level: M
  • Kitchen: Dimensions: 9x8, On Level: M
  • Kitchen Features: Breakfast bar, Range/Oven, Refrigerator, Dishwasher
  • Living Room: Dimensions: 15x8, On Level: M
  • In Unit Laundry Lvl: M
  • Basement: None
  • Interior Amenities: Washer, Dryer, Storage Unit Inc, At Least 1 tub
  • Floor Number: 2
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Brick

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Heat pump, Central air
  • Water Waste: Municipal water, Municipal sewer
  • Parking Unit: Attached, 1 space assigned, Parking fee

Condo/Co-op/Association

  • Common Amenities: Common Green Space, Close to busline, Elevator, Rooftop common area, Fire Sprinkler System
  • Condo Fee Month: 543
  • Condo Management: Professional onsite
  • Proposed Units In Assoc: 338
  • Units in Association: 338
  • Units In Building: 164

Schools

  • School District: Madison
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Zoning: PD
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 44900
  • Improvements: 169100
  • Total Assessment: 214000
  • Assessment year: 2024
  • Net Taxes: 3249
  • Tax Year: 2023
  • Assessor Parcel Number: 0709-231-6306-1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2024
Closed on
Jan 23, 2025
Sold by
Kochera Brandilyn Lea
Bought by
Guenther Ace
Seller's Agent
Spencer Schumacher
Spencer Real Estate Group
Buyer's Agent
Tiffany Esau
Metro Brokers/Duane Reed
List Price
$240,000
Sold Price
$238,000
Premium/Discount to List
-$2,000
-0.83%
Total Days on Market
9
Views
56
Current Estimated Value
$243,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,293
Avg. Annual Appreciation
8.17%
Original Mortgage
$238,000
Outstanding Balance
$237,587
Interest Rate
6.72%
Mortgage Type
VA
Estimated Equity
$5,706

Purchase Details

Listed on
Apr 19, 2023
Closed on
Jun 9, 2023
Sold by
Schraven Ted M
Bought by
Kochera Brandilyn Lea
Seller's Agent
The Hub Team
The Hub Realty
Buyer's Agent
Spencer Schumacher
Spencer Real Estate Group
List Price
$230,000
Sold Price
$231,000
Premium/Discount to List
$1,000
0.43%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.87%
Original Mortgage
$207,900
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2007
Sold by
Buckingham Llc
Bought by
Schraven Ted M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,500
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage

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
Guenther Ace $238,000 None Listed On Document
Kochera Brandilyn Lea $231,000 None Listed On Document
Schraven Ted M $118,000 Wisconsin Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guenther Ace $238,000
Previous Owner Kochera Brandilyn Lea $207,900
Previous Owner Schraven Ted M $91,500
Previous Owner Schraven Ted M $88,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2025 01/23/25 Sold $238,000 -0.8% $469 / Sq Ft
12/14/2024 12/14/24 Pending -- -- --
12/05/2024 12/05/24 For Sale $240,000 +0.8% $472 / Sq Ft
11/26/2024 11/26/24 Off Market $238,000 -- --
06/16/2023 06/16/23 Sold $231,000 +0.4% $455 / Sq Ft
05/19/2023 05/19/23 For Sale $230,000 -0.4% $453 / Sq Ft
04/20/2023 04/20/23 Off Market $231,000 -- --
04/19/2023 04/19/23 For Sale $230,000 -- $453 / 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 $7,410 $214,000 $44,900 $169,100
2023 $3,249 $182,600 $44,900 $137,700
2021 $3,159 $150,900 $44,900 $106,000
2020 $3,311 $150,900 $44,900 $106,000
2019 $3,325 $150,900 $44,900 $106,000
2018 $2,929 $133,500 $44,900 $88,600
2017 $3,036 $133,500 $40,800 $92,700
2016 $3,120 $133,500 $37,100 $96,400
2015 $2,999 $127,100 $19,500 $107,600
2014 $3,002 $127,100 $19,500 $107,600
2013 $2,712 $121,000 $19,500 $101,500
Source: Public Records

Agents Affiliated with this Home

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Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1990022

South Central Wisconsin Multiple Listing Service

APN: 0709-231-6306-1