Seller's Agent in 2025
Seth Pfaehler
The McGrady Group, LLC
(608) 338-4812
2 in this area
453 Total Sales
42 Northridge Terrace Madison, WI 53704
Mendota Hills Neighborhood
--
Bed
--
Bath
3,920
Sq Ft
0.39
Acres
Highlights
- Wood Flooring
- Balcony
- Bathroom on Main Level
- Main Floor Bedroom
- Eat-In Kitchen
- Property is near a bus stop
About This Home
As of August 2025This fully leased 4-unit apartment building offers steady cash flow and well-maintained living spaces. Built in 1986, each of the four 2-bedroom, 1-bath units features a private 1-car garage and separate utility metering. The property is subject to an affordability covenant requiring all units be rented to low- to moderate-income households at or below 80% of area income limits, based on HUD’s Small Area Fair Market Rent (SAFMR) guidelines for Dane County, effective through October 2025. All refrigerators replaced – June 2022, New water softener – May 2022, Energy efficiency improvements – October 2022: Blower door test, Attic air sealing & additional insulation, Bathroom vent fans replaced
Last Agent to Sell the Property
The McGrady Group, LLC License #58575-90 Listed on: 06/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,868
Year Built
- Built in 1989
Lot Details
- 0.39 Acre Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Wood Flooring
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
Parking
- Garage
- 6 Open Parking Spaces
- Garage Door Opener
- Driveway Level
Schools
- Mendota Elementary School
- Black Hawk Middle School
- East High School
Utilities
- Central Air
- Radiant Heating System
- Separate Meters
- Individual Controls for Heating
- Water Softener is Owned
- High Speed Internet
Additional Features
- Balcony
- Property is near a bus stop
Community Details
- 4 Units
- Net Operating Income $29,991
Listing and Financial Details
- Assessor Parcel Number 0809-264-0322-3
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 30, 2020
Sold by
Kornstedt Scott L and Kornstedt Carrie
Bought by
Vandeslunt Scott and Kelly Mariko
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Outstanding Balance
$336,291
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$366,667
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $470,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $376,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Sold | $700,000 | 0.0% | $179 / Sq Ft |
| 07/15/2025 07/15/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $700,000 | -- | $179 / 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 | $18,598 | $530,000 | $112,000 | $418,000 |
| 2023 | $8,868 | $490,000 | $105,000 | $385,000 |
| 2021 | $8,944 | $420,000 | $86,000 | $334,000 |
| 2020 | $8,661 | $389,000 | $86,000 | $303,000 |
| 2019 | $8,267 | $370,000 | $86,000 | $284,000 |
| 2018 | $7,599 | $340,900 | $85,300 | $255,600 |
| 2017 | $7,291 | $315,900 | $85,300 | $230,600 |
| 2016 | $7,493 | $315,900 | $77,300 | $238,600 |
| 2015 | $7,571 | $297,900 | $77,300 | $220,600 |
| 2014 | $7,139 | $297,900 | $77,300 | $220,600 |
| 2013 | $6,925 | $288,900 | $77,300 | $211,600 |
Source: Public Records
Agents Affiliated with this Home
-
Seth Pfaehler
-
Matt McGrady
Seller Co-Listing Agent in 2025
Matt McGrady
The McGrady Group, LLC
(608) 772-3640
1 in this area
356 Total Sales
-
Brian Lawton
Buyer's Agent in 2025
Brian Lawton
EXIT Realty HGM
(262) 200-1252
1 in this area
126 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2003028
APN: 0809-264-0322-3
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