NOT LISTED FOR SALE

Estimated Value: $891,682

8 Beds
4 Baths
3,996 Sq Ft
$223/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $583,000 $146 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,713/month

7 Days on Market

Highlights

  • Balcony
  • Central Air
  • Dining Room
  • Outdoor Storage

About This Home

As of March 2019

Solid 8 unit apartment building on Madison's Northside. Each unit has 2 BR, 1 Bath, with 1 outdoor parking space. Well cared for and professionally managed. Seven leased units with one unit currently being held vacant for initial showing. Large basement with separate storage bins and coin operated laundry.

Last Agent to Sell the Property

Art Luetke

Luetke Investment Real Estate License #25925-90 Listed on: 02/12/2019

Co-Listed By

Joshua Pelletter

Rockwood Realty Group License #55759-90

Last Buyer's Agent

Brandon Grosse

Accord Realty License #54913-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,099

Year Built

  • Built in 1969

Lot Details

  • 0.41 Acre Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

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

Parking

  • 8 Open Parking Spaces
  • Outside Parking

Outdoor Features

  • Balcony
  • Outdoor Storage

Schools

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

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 0809-264-0605-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,099

Year Built

Built in 1969

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: All appliances
  • Noi Year: 2019
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Dryers: 2
  • Number Furnaces: 1
  • Number Refrigerators: 8
  • Number Stoves: 8
  • Number Units W Ac: 8
  • Number Washers: 2
  • Number Water Heaters: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

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

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.41
  • Zoning: SR-V1

Rental Info

  • Total Income: 77700

Tax Info

  • Land Assessment: 58000
  • Improvements: 466500
  • Total Assessment: 525000
  • Assessment year: 2018
  • Net Taxes: 11099
  • Tax Year: 2017
  • Assessor Parcel Number: 0809-264-0605-3

Multi Family

  • Number Of2 Bedrooms: 8
  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2019
Closed on
Mar 29, 2019
Sold by
Thiel Vu & Associates Llc
Bought by
Gonzalez Manuel
Seller's Agent
Art Luetke
Luetke Investment Real Estate
Buyer's Agent
Brandon Grosse
Accord Realty
List Price
$583,000
Sold Price
$583,000
Current Estimated Value
$891,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,682
Original Mortgage
$466,400
Outstanding Balance
$410,884
Interest Rate
4.3%
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
Gonzalez Manuel $583,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Manuel $466,400
Previous Owner Thiel Vn & Associates Llc $397,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2019 03/29/19 Sold $583,000 0.0% $146 / Sq Ft
02/19/2019 02/19/19 Pending -- -- --
02/12/2019 02/12/19 For Sale $583,000 -- $146 / 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 $29,505 $836,000 $60,000 $776,000
2023 $13,803 $760,000 $60,000 $700,000
2021 $12,648 $583,000 $59,000 $524,000
2020 $13,007 $578,000 $59,000 $519,000
2019 $12,327 $550,000 $59,000 $491,000
2018 $11,794 $525,000 $58,500 $466,500
2017 $11,100 $477,000 $58,500 $418,500
2016 $10,376 $434,000 $53,500 $380,500
2015 $9,922 $393,000 $53,500 $339,500
2014 $9,443 $393,000 $53,500 $339,500
2013 $9,461 $393,000 $53,500 $339,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1849755

South Central Wisconsin Multiple Listing Service

APN: 0809-264-0605-3