NOT LISTED FOR SALE

405 W Main St Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $712,000 - $972,000

8 Beds
3 Baths
2,510 Sq Ft
$335/Sq Ft Est. Value

Last Sold March 11, 2015

Last sale price $394,000 $157 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $5,762/month

106 Days on Market

Highlights

  • Open Floorplan
  • Den
  • Accessible Bedroom
  • Hamilton Middle School Rated A
  • Balcony
  • 3-minute walk to Brittingham Park

About This Home

As of March 2015

Excellent condition rental property. Neat. Clean. High demand area for young professionals. Entire house is currently rented by one group of YPs. Tenants pay all utilities. $3750/mo. Lot size, dimensions and unit square feet taken from City records and NOT guaranteed. Floor plans are for marketing purposes only, dimensions are approximate. Buyer to verify if important. 9.77 GRM.

Last Agent to Sell the Property

Michael Metzger

McGrath Property Group, LLC License #56657-90 Listed on: 10/20/2014

Last Buyer's Agent

Michael Brusca

Exclusive Real Estate Group, Inc. License #53519-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,573

Year Built

  • Built in 1908

Lot Details

  • 2,178

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • Walk-in Shower
  • Open Floorplan
  • Dining Room
  • Den
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Utilities

  • Radiant Heating System
  • Separate Meters

Additional Features

  • Balcony
  • 2,178 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-231-2606-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,573

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Barrier Free: Open floor plan, First floor bedroom, First floor full bath, Stall shower
  • Miscellaneous: Shared laundry, Close to bus line
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Washers: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

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

Schools

  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.05
  • Zoning: DR2

Tax Info

  • Net Taxes: 7573
  • Tax Year: 2013
  • Assessor Parcel Number: 0709-231-2606-9

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2014
Closed on
Mar 11, 2015
Sold by
Metzger Robert C and Metzger Mary B
Bought by
Schultz Michael N and Schultz Tyler
Seller's Agent
Michael Metzger
McGrath Property Group, LLC
Buyer's Agent
Michael Brusca
Exclusive Real Estate Group, Inc.
List Price
$439,900
Sold Price
$394,000
Premium/Discount to List
-$45,900
-10.43%
Current Estimated Value
$842,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,000
Avg. Annual Appreciation
7.35%
Original Mortgage
$295,500
Outstanding Balance
$225,316
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$616,684

Purchase Details

Closed on
Jun 11, 2010
Sold by
L Sorge Llc
Bought by
Metzger Robert C and Metzger Mary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
5.13%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schultz Michael N $394,000 None Available
Metzger Robert C $307,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schultz Michael N $295,500
Previous Owner Metzger Robert C $206,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2015 03/11/15 Sold $394,000 -10.4% $157 / Sq Ft
02/03/2015 02/03/15 Pending -- -- --
10/20/2014 10/20/14 For Sale $439,900 -- $175 / 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 $15,776 $450,300 $87,300 $363,000
2023 $7,603 $420,800 $87,300 $333,500
2021 $7,198 $338,800 $80,800 $258,000
2020 $6,969 $313,700 $78,400 $235,300
2019 $7,278 $313,700 $77,400 $236,300
2018 $9,831 $394,000 $77,400 $316,600
2017 $9,113 $394,000 $77,400 $316,600
2016 $9,365 $394,000 $70,400 $323,600
2015 $8,053 $319,800 $70,400 $249,400
2014 $7,670 $319,800 $70,400 $249,400
2013 $7,008 $307,500 $66,400 $241,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Michael Metzger

    McGrath Property Group, LLC

    (608) 298-6998

    1 in this area

    8 Total Sales

    Michael Metzger
    Section Image
  • Michael Brusca

    Buyer's Agent in 2015

    Michael Brusca

    Exclusive Real Estate Group, Inc.

    (608) 698-4445

    3 Total Sales

    Michael Brusca
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1730082

South Central Wisconsin Multiple Listing Service

APN: 0709-231-2606-9

Wisconsin Dane County Madison 53703 Downtown Madison

405 W Main St, Madison, WI

Not Listed for Sale

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