NOT LISTED FOR SALE

3846 Clover Ln Madison, WI 53714

Eastmorland Neighborhood

Estimated Value: $389,846 - $467,000

4 Beds
2 Baths
1,440 Sq Ft
$297/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $351,000 $244 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,262/month

10 Days on Market

Highlights

  • Wood Flooring
  • Accessible Bedroom
  • 1-Story Property
  • Eat-In Kitchen
  • Accessible Full Bathroom
  • Property is near a bus stop

About This Home

As of August 2023

Showings Begin: 7/7/2023. Well-kept duplex located in a quiet neighborhood two blocks away from Lake Monona and Olbrich Park on Madison's beautiful east side--walk or bike to nearby shopping, restaurants, library, lake and more. Refinished hardwood floors, units in great shape and occupied by longer term, credit-worthy tenants. Laundry hook ups and lots of storage in basement. Room to park off-street, outside. Close to the Isthmus, downtown, schools and major thoroughfares. Great opportunity to live in one half of an income property in a sought-after neighborhood. Renters pay all utilities except water/sewer. City of Madison trash and recycling. Renters must receive 12-hour notice to show from Listing Agent so please allow adequate time when requesting showings.

Last Agent to Sell the Property

Jeffrey Simmons

Wynne Realty License #55362-90 Listed on: 07/01/2023

Last Buyer's Agent

Doug Noot

EXP Realty, LLC License #52645-90

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,706

Year Built

  • Built in 1956

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Location

  • Property is near a bus stop

Schools

  • Schenk Elementary School
  • Whitehorse Middle School
  • Lafollette High School

Utilities

  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned
  • High Speed Internet

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-092-1703-7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,706

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side, 1 story
  • Barrier Free: First floor bedroom, First floor full bath, Level lot
  • Items Excluded: Seller's and Renter's Personal Property, Window Coverings.
  • Items Included: 2 Refrigerators, 2 Range/Ovens, 1 Water Softener.
  • Miscellaneous: Close to bus line, Water Softener Owned, Internet - Cable
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 2

Utilities

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

Schools

  • Elementary School: Schenk
  • High School: Lafollette
  • Middle School: Whitehorse
  • School District: Madison

Lot Info

  • Estimated Aces: 0.22
  • Zoning: R3

Rental Info

  • Total Income: 1890

Tax Info

  • Net Taxes: 4706
  • Tax Year: 2022
  • Assessor Parcel Number: 0710-092-1703-7

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2023
Closed on
Aug 31, 2023
Sold by
Ripp Michael J
Bought by
Plate Jesse R and Sweet Kassy A
Seller's Agent
Jeffrey Simmons
Wynne Realty
Buyer's Agent
Doug Noot
EXP Realty, LLC
List Price
$340,000
Sold Price
$351,000
Premium/Discount to List
$11,000
3.24%
Views
155
Current Estimated Value
$427,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,962
Avg. Annual Appreciation
9.61%
Original Mortgage
$245,700
Outstanding Balance
$240,341
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$187,621

Purchase Details

Closed on
May 26, 2006
Sold by
Ripp Beth V
Bought by
Ripp Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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
Plate Jesse R $351,000 None Listed On Document
Ripp Michael J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plate Jesse R $245,700
Previous Owner Ripp Michael J $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $351,000 +3.2% $244 / Sq Ft
07/11/2023 07/11/23 Pending -- -- --
07/01/2023 07/01/23 For Sale $340,000 -- $236 / 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 $12,260 $351,000 $69,900 $281,100
2023 $4,990 $277,800 $62,200 $215,600
2021 $4,351 $201,500 $54,400 $147,100
2020 $4,221 $186,600 $49,900 $136,700
2019 $4,001 $176,000 $47,100 $128,900
2018 $3,918 $172,500 $47,100 $125,400
2017 $3,829 $167,500 $42,800 $124,700
2016 $3,935 $167,500 $42,800 $124,700
2015 $3,977 $167,500 $42,800 $124,700
2014 $3,980 $167,500 $42,800 $124,700
2013 $3,783 $167,500 $42,800 $124,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jeffrey Simmons

    Wynne Realty

    (608) 345-9996

    1 in this area

    15 Total Sales

    Jeffrey Simmons
    Section Image
  • Doug Noot

    Buyer's Agent in 2023

    Doug Noot

    EXP Realty, LLC

    (608) 663-8323

    5 in this area

    141 Total Sales

    Doug Noot
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1959151

South Central Wisconsin Multiple Listing Service

APN: 0710-092-1703-7

Wisconsin Dane County Madison 53714 Eastmorland

3846 Clover Ln, Madison, WI

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