NOT LISTED FOR SALE

3810 School Rd Madison, WI 53704

Mendota Hills Neighborhood

Estimated Value: $559,000 - $596,000

8 Beds
4 Baths
2,550 Sq Ft
$224/Sq Ft Est. Value

Last Sold January 24, 2024

Last sale price $495,000 $194 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,543/month

270 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Property is near bus stop
  • Fenced Yard
  • Home Security System
  • Outdoor Storage

About This Home

As of January 2024

Build your portfolio with this meticulously cared for 4 Unit. Seller has owned, managed & personally maintained the property for 45+ years & the pride of ownership is evident. All units are mostly carpeted but original oak hardwood lay underneath. Units have a separate dining area with built-in hutch. Spacious living room with large picture window and air conditioning unit. Separate basement storage for each unit & access to coin-op laundry. Updates include Brand new roof 4/23, boiler 2016, HW Heater 2012, Electrical 2017, paved parking, & ext security cameras. The building is on a residential street, close to Mendota elementary, walking distance to bus line, dining, Warner Park & Lake Mendota. **Unit Photos MAY be similar unit in another Building**

Last Agent to Sell the Property

Devery Cash

Keller Williams Realty License #53924-94 Listed on: 02/03/2023

Keller Williams Realty

Co-Listed By

Tara Neuheisel

RL Realty Group License #82851-94

Last Buyer's Agent

Musa Jallow

Restaino & Associates License #81360-94

Restaino & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,992

Year Built

  • Built in 1960

Lot Details

  • 9,148 Sq Ft Lot
  • Fenced Yard

Parking

  • 6 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Family Room
  • Dining Room
  • Wood Flooring
  • Home Security System
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Outdoor Features

  • Balcony
  • Outdoor Storage

Location

  • Property is near bus stop

Schools

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

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener Leased

Community Details

  • 4 Units
  • Laundry Facilities
  • Net Operating Income $500

Listing and Financial Details

  • Assessor Parcel Number 0809-264-0409-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,992

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: Water softener is rented, seller's personal items and tenants' personal property.
  • Items Included: 4 Refrigerators, 4 stove/oven, exterior security cameras, washer, dryer.
  • Miscellaneous: Security system, Shared laundry, Close to bus line, Water Softener Rented, Fenced yard
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 6

Utilities

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

Fee Information

  • Total Expenses: 2300

Schools

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

Lot Info

  • Estimated Aces: 0.21
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 23500

Tax Info

  • Net Taxes: 6992
  • Tax Year: 2022
  • Assessor Parcel Number: 0809-264-0409-9

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2023
Closed on
Jan 24, 2024
Sold by
Duren Income Trust
Bought by
Promise Investment Llc
Seller's Agent
Devery Cash
Keller Williams Realty
Buyer's Agent
Musa Jallow
Restaino & Associates
List Price
$525,000
Sold Price
$495,000
Premium/Discount to List
-$30,000
-5.71%
Views
462
Current Estimated Value
$571,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,667
Avg. Annual Appreciation
7.47%
Original Mortgage
$768,000
Outstanding Balance
$754,560
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$182,893

Purchase Details

Closed on
Oct 31, 2009
Sold by
Duren Leo J and Duren Carol K
Bought by
Duren Leo J and Duren Carol K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Promise Investment Llc $990,000 None Listed On Document
Duren Leo J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Promise Investment Llc $768,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2024 01/24/24 Sold $495,000 -5.7% $194 / Sq Ft
03/13/2023 03/13/23 For Sale $525,000 +6.1% $206 / Sq Ft
02/03/2023 02/03/23 Off Market $495,000 -- --
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
2024 $21,078 $495,000 $82,000 $413,000
2023 $7,812 $430,000 $77,000 $353,000
2022 $13,983 $355,000 $70,000 $285,000
2021 $6,901 $323,000 $64,000 $259,000
2020 $6,683 $299,000 $64,000 $235,000
2019 $6,395 $285,000 $64,000 $221,000
2018 $5,998 $267,700 $63,500 $204,200
2017 $5,748 $247,700 $63,500 $184,200
2016 $5,907 $247,700 $57,500 $190,200
2015 $5,919 $233,700 $57,500 $176,200
2014 $5,584 $233,700 $57,500 $176,200
2013 $5,463 $226,700 $57,500 $169,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Devery Cash

    Keller Williams Realty

    Devery Cash
    Section Image

  • T

    Seller Co-Listing Agent in 2024

    Tara Neuheisel

    RL Realty Group

    Section Image
  • Musa Jallow

    Buyer's Agent in 2024

    Musa Jallow

    Restaino & Associates

    (608) 446-2210

    4 in this area

    137 Total Sales

    Musa Jallow
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1949729

South Central Wisconsin Multiple Listing Service

APN: 0809-264-0409-9

Wisconsin Dane County Madison 53704 Mendota Hills

3810 School Rd, Madison, WI

Not Listed for Sale

MultiFamily

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