Seller's Agent in 2021
James Stopple
Madison Property Management, Inc.
(608) 516-8272
3 in this area
91 Total Sales
401 Presidential Ln Madison, WI 53711
Midvale Heights NeighborhoodEstimated Value: $732,000 - $818,000
8
Beds
4
Baths
3,000
Sq Ft
$254/Sq Ft
Est. Value
Highlights
- Property is near a bus stop
- Outdoor Storage
- Forced Air Heating System
- Van Hise Elementary School Rated A
- Water Softener is Owned
- Dining Room
About This Home
As of May 20214 unit apartment located on the corner of Mineral Point Rd and Presidential Lane. These are 2 bedroom units with one full bathroom. 4 outside parking spots located in the back of the building. Fully leased with an annual gross income of $42,960 (this amount includes a $40/mo pet fee).
Last Agent to Sell the Property
Madison Property Management, Inc. License #12003-90 Listed on: 03/31/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,189
Year Built
- Built in 1958
Lot Details
- 8,808
Home Design
- Brick Exterior Construction
Interior Spaces
- Dining Room
- Oven or Range
Basement
- Basement Fills Entire Space Under The House
- Shared Basement
Parking
- 4 Open Parking Spaces
- Outside Parking
Schools
- Van Hise Elementary School
- Hamilton Middle School
- West High School
Utilities
- Forced Air Heating System
- Separate Meters
- Individual Controls for Heating
- Water Softener is Owned
Additional Features
- Outdoor Storage
- 8,808 Sq Ft Lot
- Property is near a bus stop
Community Details
- 4 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 070929206039
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 31, 2021
Closed on
May 21, 2021
Sold by
Chandrakanthan Sathasivam R and Chandrakanthan Shanta R
Bought by
L Lee Corp
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Luke Lestikow
First Weber, Inc
List Price
$535,000
Sold Price
$535,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,333
Avg. Annual Appreciation
8.33%
Original Mortgage
$548,000
Outstanding Balance
$495,064
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$268,269
Purchase Details
Closed on
Oct 30, 2013
Sold by
Sathasivam Ananda and Sathasivam Ragini
Bought by
Sathasivam Income Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| L Lee Corp | $535,000 | First American Title | |
| Sathasivam Income Trust | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | L Lee Corp | $548,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/21/2021 05/21/21 | Sold | $535,000 | 0.0% | $178 / Sq Ft |
| 03/31/2021 03/31/21 | Pending | -- | -- | -- |
| 03/31/2021 03/31/21 | For Sale | $535,000 | -- | $178 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
Tax History Compared to Growth
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 | $21,608 | $615,000 | $108,000 | $507,000 |
| 2023 | $10,148 | $560,000 | $98,000 | $462,000 |
| 2021 | $9,008 | $423,000 | $81,000 | $342,000 |
| 2020 | $8,189 | $368,000 | $81,000 | $287,000 |
| 2019 | $9,406 | $368,000 | $81,000 | $287,000 |
| 2018 | $7,804 | $350,000 | $80,100 | $269,900 |
| 2017 | $7,218 | $312,800 | $80,100 | $232,700 |
| 2016 | $7,131 | $300,800 | $77,100 | $223,700 |
| 2015 | $7,205 | $300,800 | $77,100 | $223,700 |
| 2014 | $7,210 | $300,800 | $77,100 | $223,700 |
| 2013 | $6,646 | $291,800 | $77,100 | $214,700 |
Source: Public Records
Agents Affiliated with this Home
-
James Stopple
-
Lindsey Kramer
Seller Co-Listing Agent in 2021
Lindsey Kramer
Madison Property Management, Inc.
(608) 212-7866
1 in this area
7 Total Sales
-
Luke Lestikow
Buyer's Agent in 2021
Luke Lestikow
First Weber, Inc
(608) 215-0028
3 in this area
130 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1905277
APN: 0709-292-0603-9
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