NOT LISTED FOR SALE

3918 Rieder Rd Madison, WI 53704

Greater Sandburg Neighborhood

Estimated Value: $530,000 - $635,000

6 Beds
4 Baths
3,370 Sq Ft
$174/Sq Ft Est. Value

Last Sold May 04, 2018

Last sale price $336,500 $100 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,598/month

6 Days on Market

Highlights

  • Open Floorplan
  • Balcony
  • Accessible Bedroom
  • Main Floor Bedroom
  • Eat-In Kitchen
  • Accessible Full Bathroom

About This Home

As of May 2018

Great investment opportunity! Convenient location & easy to rent! Both furnaces, water softeners, water heaters, Roof & 1x A/C unit are less than 10 yrs old. All kitchen appliances in #3920 replaced 2014. The main levels have open floor plans, spacious eat in kitchens, breakfast bars, 2 bdrms, full bath & living area. The lower levels offer a 3rd bdrm, full bath, bonus family room & tons of storage. One side has a walk out LL. Both sides have their own two car garage. Close to Hwy 51, Portage Rd, E. Wash & only 10 min to UW Campus. Special viewing this Saturday, April 7th from 9-noon.

Last Agent to Sell the Property

Ruth Wangerin

EXP Realty, LLC License #57198-90 Listed on: 04/02/2018

EXP Realty, LLC

Co-Listed By

Mary Binkley

South Central Non-Member License #50491-90

Last Buyer's Agent

Matt Kornstedt

Stark Company, REALTORS License #54358-90

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,521

Year Built

  • Built in 1991

Lot Details

  • 9,583

Home Design

  • Duplex
  • Brick Exterior Construction
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • Open Floorplan
  • Family Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Bathroom on Main Level

Laundry

  • Laundry in unit
  • Washer and Dryer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Windows

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting

Schools

  • Sandburg Elementary School
  • Sherman Middle School
  • East High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • Balcony
  • 9,583 Sq Ft Lot
  • Property is near bus stop

Listing and Financial Details

  • Assessor Parcel Number 0810-213-0230-2

Community Details

Overview

  • 2 Units
  • Sun Gardens Subdivision

Building Details

  • Net Operating Income $22,835

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,521

Year Built

Built in 1991

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side, SingleFam zoned MultiFam
  • Barrier Free: Open floor plan, First floor bedroom, First floor full bath, Width of hallways 36"+, Door openings 36" or more, Low pile or no carpeting
  • Items Excluded: Sellers & Tenants Personal Property
  • Items Included: 2x Range/Oven, 2x Refrigerator, 2x Dishwasher, 2x Water Softener, 2x Washer/Dryer, some Window Coverings
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Walkout to yard, Partially finished
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number Washers: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Vinyl, Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

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

Fee Information

  • Total Expenses: 8290

Schools

  • Elementary School: Sandburg
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Estimated Aces: 0.22
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 31125

Tax Info

  • Net Taxes: 6521
  • Tax Year: 2017
  • Assessor Parcel Number: 0810-213-0230-2

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2024
Sold by
Heng Linda
Bought by
Heng Living Trust and Heng
Current Estimated Value
$584,877

Purchase Details

Listed on
Apr 2, 2018
Closed on
May 4, 2018
Sold by
Zhang Le
Bought by
Heng Linda
Seller's Agent
Ruth Wangerin
EXP Realty, LLC
Buyer's Agent
Matt Kornstedt
Stark Company, REALTORS
List Price
$325,000
Sold Price
$336,500
Premium/Discount to List
$11,500
3.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.35%
Original Mortgage
$252,375
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 31, 2014
Closed on
Jun 11, 2014
Sold by
Albrecht Lawrence E
Bought by
Zhang Le
Seller's Agent
Jim Todd
South Central Non-Member
Buyer's Agent
Mary Binkley
South Central Non-Member
List Price
$239,900
Sold Price
$240,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%
Original Mortgage
$192,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 31, 2014
Closed on
May 5, 2014
Sold by
Albrecht Lawrence E and Estate Of Elaine K Albrecht
Bought by
Albrecht Lawrence E
Seller's Agent
Jim Todd
South Central Non-Member
Buyer's Agent
Mary Binkley
South Central Non-Member
List Price
$239,900
Sold Price
$240,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
4.28%
Mortgage Type
New Conventional
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
Heng Living Trust -- None Listed On Document
Heng Linda $336,500 None Available
Zhang Le $240,000 Knight Barry Title Svcs Llc
Albrecht Lawrence E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heng Linda $252,375
Previous Owner Zhang Le $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/04/2018 05/04/18 Sold $336,500 +3.5% $100 / Sq Ft
04/08/2018 04/08/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $325,000 -3.4% $96 / Sq Ft
04/03/2018 04/03/18 Off Market $336,500 -- --
04/02/2018 04/02/18 For Sale $325,000 +35.4% $96 / Sq Ft
06/11/2014 06/11/14 Sold $240,000 0.0% $71 / Sq Ft View Prior Sale
04/15/2014 04/15/14 Pending -- -- --
03/31/2014 03/31/14 For Sale $239,900 -- $71 / 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
2024 $18,485 $526,800 $78,200 $448,600
2023 $8,996 $497,000 $73,800 $423,200
2022 $16,935 $431,600 $73,800 $357,800
2021 $8,350 $392,400 $67,700 $324,700
2020 $7,935 $356,700 $61,000 $295,700
2019 $7,511 $336,500 $57,500 $279,000
2018 $7,075 $311,200 $57,500 $253,700
2017 $6,521 $282,900 $52,300 $230,600
2016 $6,141 $259,500 $52,300 $207,200
2015 $5,733 $216,400 $52,300 $164,100
2014 $5,165 $216,400 $52,300 $164,100
2013 $6,311 $216,400 $52,300 $164,100
Source: Public Records

Agents Affiliated with this Home

  • Ruth Wangerin

    Seller's Agent in 2018

    Ruth Wangerin

    EXP Realty, LLC

    (608) 444-5360

    2 in this area

    64 Total Sales

    Ruth Wangerin
    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Mary Binkley

    South Central Non-Member

  • Matt Kornstedt

    Buyer's Agent in 2018

    Matt Kornstedt

    Stark Company, REALTORS

    (608) 345-7943

    24 in this area

    1,869 Total Sales

    Matt Kornstedt
    Section Image

  • J

    Seller's Agent in 2014

    Jim Todd

    South Central Non-Member

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1826480

South Central Wisconsin Multiple Listing Service

APN: 0810-213-0230-2

Wisconsin Dane County Madison 53704 Greater Sandburg

3918 Rieder Rd, Madison, WI

Not Listed for Sale

MultiFamily

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