NOT LISTED FOR SALE

3709 E Karstens Dr Madison, WI 53704

Lerdahl Park Neighborhood

Estimated Value: $479,000 - $560,000

8 Beds
4 Baths
3,080 Sq Ft
$171/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $437,000 $142 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,256/month

72 Days on Market

About This Home

As of April 2022

4 unit rental property on Madison's north side! All units are 2 bedroom, 1 bathroom and are leased until 9/30/2022 with $42,360 in annual gross income. Landlord currently paying water/sewer with tenants being charged a monthly fee. Surface parking lot in the rear with parking for 6 vehicles and storage lockers in the basement for tenant use. Coin-op laundry machines purchased in 2021 per owner.

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 12/08/2021

Co-Listed By

Jeremy Fuelle

Real Broker LLC License #90207-94

Last Buyer's Agent

David Baehr

American, REALTORS License #52609-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,414

Year Built

  • Built in 1960

Lot Details

  • 0.29

Parking

  • 8 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

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

Schools

  • Mendota Elementary School
  • Black Hawk Middle School
  • East High School

Additional Features

  • 0.29 Acre Lot
  • Heating System Uses Steam

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 080926406045

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,414

Year Built

Built in 1960

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 and tenants personal belongings.
  • Items Included: 4 refrigerators, 4 stoves/ovens, 1 coin-op washer, 1 coin-op dryer, water softener, water heater, boiler
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Steam
  • Parking Stalls Outside: 8

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space

Schools

  • Elementary School: Mendota
  • High School: East
  • Middle School: Black Hawk
  • School District: Madison

Lot Info

  • Estimated Aces: 0.29
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 42360

Tax Info

  • Net Taxes: 6414
  • Tax Year: 2020
  • Assessor Parcel Number: 080926406045

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2021
Closed on
Apr 29, 2022
Sold by
Apic Llc
Bought by
Ampt Enterprises Llc
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
David Baehr
American, REALTORS
List Price
$445,000
Sold Price
$437,000
Premium/Discount to List
-$8,000
-1.8%
Current Estimated Value
$525,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,283
Avg. Annual Appreciation
5.03%
Original Mortgage
$349,600
Outstanding Balance
$326,376
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$198,907

Purchase Details

Listed on
Aug 3, 2020
Closed on
Sep 21, 2020
Sold by
Thao Long and Thao Pa Yang
Bought by
Apic Llc
Seller's Agent
Gloria Zhu
South Central Non-Member
Buyer's Agent
Gloria Zhu
South Central Non-Member
List Price
$329,900
Sold Price
$329,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.21%
Original Mortgage
$280,415
Interest Rate
2.9%
Mortgage Type
Commercial
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
Ampt Enterprises Llc $437,000 None Listed On Document
Apic Llc $329,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ampt Enterprises Llc $349,600
Previous Owner Apic Llc $280,415
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2022 04/29/22 Sold $437,000 -1.8% $142 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
12/08/2021 12/08/21 For Sale $445,000 +34.9% $144 / Sq Ft
09/21/2020 09/21/20 Sold $329,900 0.0% $107 / Sq Ft View Prior Sale
08/03/2020 08/03/20 For Sale $329,900 -- $107 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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
2023 $8,080 $437,000 $77,000 $360,000
2022 $12,999 $330,000 $70,000 $260,000
2021 $7,009 $330,000 $64,000 $266,000
2020 $6,414 $289,000 $64,000 $225,000
2019 $6,124 $275,000 $64,000 $211,000
2018 $6,055 $272,300 $63,500 $208,800
2017 $5,807 $252,300 $63,500 $188,800
2016 $5,968 $252,300 $57,500 $194,800
2015 $6,031 $238,300 $57,500 $180,800
2014 $5,695 $238,300 $57,500 $180,800
2013 $5,529 $231,300 $57,500 $173,800
Source: Public Records

Agents Affiliated with this Home

  • James Stopple

    Seller's Agent in 2022

    James Stopple

    Madison Property Management, Inc.

    (608) 516-8272

    2 in this area

    90 Total Sales

    James Stopple
    Section Image
  • Jeremy Fuelle

    Seller Co-Listing Agent in 2022

    Jeremy Fuelle

    Real Broker LLC

    (855) 450-0442

    1 in this area

    21 Total Sales

    Jeremy Fuelle
    Section Image
  • David Baehr

    Buyer's Agent in 2022

    David Baehr

    American, REALTORS

    (608) 834-2613

    1 in this area

    70 Total Sales

    David Baehr
    Section Image

  • G

    Seller's Agent in 2020

    Gloria Zhu

    South Central Non-Member

See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1924910

South Central Wisconsin Multiple Listing Service

APN: 0809-264-0604-5

Wisconsin Dane County Madison 53704 Lerdahl Park

3709 E Karstens Dr, Madison, WI

Not Listed for Sale

MultiFamily

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