NOT LISTED FOR SALE

407 W Doty St Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $780,000 - $1,051,000

9 Beds
4 Baths
3,764 Sq Ft
$244/Sq Ft Est. Value

Last Sold October 10, 2018

Last sale price $585,000 $155 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $7,041/month

11 Days on Market

Highlights

  • Wood Flooring
  • Mud Room
  • Den
  • Hamilton Middle School Rated A
  • Screened Porch
  • 3-minute walk to Brittingham Park

About This Home

As of October 2018

Great investment opportunity - TWO properties on one lot downtown! Owner-occupy a stand-alone house (405) while renting out the 3-flat (407) or rent all four. All units in 407 rented through 8/2019. Parking: 1 space in driveway for house at 405. F/A furnace for 405 and 407 #1, other 2 units are hot water. 2017 2017 total income is under current market rate due to owner-occupancy of 405. Capital improvements since 2013 exceeding $125,000! Visit www.TheAlvaradoGroup.com for more info & to set up a private showing; 608-213-4203.

Last Agent to Sell the Property

Kate Weis

Lauer Realty Group, Inc. License #57935-90 Listed on: 08/27/2018

Last Buyer's Agent

Julie Campbell

EXP Realty, LLC License #54108-90

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,489

Year Built

  • Built in 1904

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Mud Room
  • Family Room
  • Den
  • Screened Porch
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • 2 Open Parking Spaces
  • On-Street Parking
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Outdoor Features

  • Balcony
  • Outdoor Storage

Location

  • Property is near a bus stop

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters
  • Water Softener Leased

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-231-3104-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,489

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 3 story, 2 flat-up and down, 2 houses on 1 lot
  • Barrier Free: First floor bedroom, First floor full bath, Level lot
  • Items Excluded: Water softener not maintained - brine tank will remain in basement of 407
  • Items Included: Coin-operated washer and dryer in 407. Total in property: 4 refrigerators, 4 range/ovens, 2 disposals, 1 dishwasher
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Rented
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior: Vinyl

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

Lot Info

  • Estimated Aces: 0.11
  • Zoning: DR2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 40800

Tax Info

  • Net Taxes: 10489
  • Tax Year: 2017
  • Assessor Parcel Number: 0709-231-3104-2

Multi Family

  • Number Of2 Bedrooms: 3
  • Number Of3 Bedrooms: 1
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2018
Closed on
Oct 10, 2018
Sold by
Redstart Holdings Llc
Bought by
Niebauer Michael and Niebauer Madeleine
Seller's Agent
Kate Weis
Lauer Realty Group, Inc.
Buyer's Agent
Julie Campbell
EXP Realty, LLC
List Price
$610,000
Sold Price
$585,000
Premium/Discount to List
-$25,000
-4.1%
Current Estimated Value
$919,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,667
Avg. Annual Appreciation
6.56%
Original Mortgage
$438,750
Outstanding Balance
$382,616
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$537,051

Purchase Details

Listed on
Apr 8, 2013
Closed on
Oct 1, 2013
Sold by
Keller Doty Llc
Bought by
Redstart Holdings Llc
Seller's Agent
David Keller
Keller Real Estate, LLC
Buyer's Agent
Kate Weis
Lauer Realty Group, Inc.
List Price
$429,000
Sold Price
$384,715
Premium/Discount to List
-$44,285
-10.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.69%
Original Mortgage
$538,800
Interest Rate
4.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 11, 2010
Sold by
Keller Robert H
Bought by
Keller Doty Llc
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
Niebauer Michael $585,000 First American Title
Redstart Holdings Llc $780,000 None Available
Keller Doty Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Niebauer Michael $438,750
Previous Owner Redstart Holdings Llc $538,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2018 10/10/18 Sold $585,000 -4.1% $155 / Sq Ft
09/07/2018 09/07/18 Pending -- -- --
08/30/2018 08/30/18 For Sale $610,000 +4.3% $162 / Sq Ft
08/28/2018 08/28/18 Off Market $585,000 -- --
08/27/2018 08/27/18 For Sale $610,000 +58.6% $162 / Sq Ft
10/01/2013 10/01/13 Sold $384,715 -10.3% $104 / Sq Ft View Prior Sale
07/25/2013 07/25/13 Pending -- -- --
04/08/2013 04/08/13 For Sale $429,000 -- $116 / 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 $26,210 $745,000 $160,000 $585,000
2023 $12,341 $680,000 $145,000 $535,000
2021 $13,114 $614,000 $120,000 $494,000
2020 $13,064 $585,000 $119,400 $465,600
2019 $13,117 $585,000 $119,400 $465,600
2018 $10,124 $453,000 $119,400 $333,600
2017 $10,489 $453,000 $119,400 $333,600
2016 $10,252 $431,000 $108,400 $322,600
2015 $9,849 $390,000 $108,400 $281,600
2014 $9,371 $390,000 $108,400 $281,600
2013 $10,919 $477,300 $108,400 $368,900
Source: Public Records

Agents Affiliated with this Home

  • Kate Weis

    Seller's Agent in 2018

    Kate Weis

    Lauer Realty Group, Inc.

    (608) 213-4203

    2 in this area

    36 Total Sales

    Kate Weis
    Section Image

  • J

    Buyer's Agent in 2018

    Julie Campbell

    EXP Realty, LLC

    Section Image
  • David Keller

    Seller's Agent in 2013

    David Keller

    Keller Real Estate, LLC

    (608) 227-6543

    5 in this area

    14 Total Sales

    David Keller
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1840113

South Central Wisconsin Multiple Listing Service

APN: 0709-231-3104-2

Wisconsin Dane County Madison 53703 Downtown Madison

407 W Doty St, Madison, WI

Not Listed for Sale

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