$600,000
SOLD OCT 11, 2024

420 Farnham St Marshall, WI 53559

-- Bed
-- Bath
3,400 Sq Ft
0.25 Acres

Recently Sold

$176 Per Sq Ft

8% Below List Price

16 Days on Market

Highlights

  • Balcony
  • Central Air
  • Laundry Facilities
  • Eat-In Kitchen
  • Water Softener is Owned
  • 5-minute walk to Firemans Park

About This Home

As of October 2024

Brick five unit apartment building in the Village of Marshall! This multi-unit is an investors dream: fully rented with clean tenants and solid rents. Tenants pay their own heat and electric including the electricity for their individual hot water heaters and wall A/C units. All units feature two bedrooms and a full bath with tub. The four upper units have a balcony. First showings are limited to unit "B" only; subsequent showings may see the other units. Shared laundry in the basement with coin-op washer and dryer. The eight outside parking spots are not designated to specific units. The fifth unit in the lower level rents for $1,030 per month until 06/30/2025. Landlord pays for water, trash, grounds keeping and common area electric.

Last Agent to Sell the Property

Caleb Payne

Madcityhomes.Com Brokerage Email: caleb@madcityhomes.com License #93139-94 Listed on: 07/30/2024

Co-Listed By

Stuart Meland

Madcityhomes.Com Brokerage Email: caleb@madcityhomes.com License #51242-90

Last Buyer's Agent

Liz Lauer

Lauer Realty Group, Inc. License #56139-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,966

Parking

  • 8 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Siding

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Block Basement Construction

Schools

  • Marshall Elementary And Middle School
  • Marshall High School

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned
  • High Speed Internet

Additional Features

  • Balcony
  • 0.25 Acre Lot

Community Details

  • 5 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0812-103-4628-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,966

Lot Details

0

Listing Details

  • Municipality: Marshall
  • Status Detail: Sold
  • Mailing City: Marshall
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Items Included: 5 refrigerators, 5 ranges, 1 washer, 1 dryer
  • Miscellaneous: Shared laundry, Water Softener Owned, Internet - Cable
  • Year Built: 999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn, Block foundation
  • Number Dryers: 1
  • Number Refrigerators: 5
  • Number Stoves: 5
  • Number Units W Ac: 5
  • Number Washers: 1
  • Number Water Heaters: 5
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Parking Stalls Outside: 8

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space
  • Utilities: Separate elec meters

Schools

  • School District: Marshall
  • Elementary School: Marshall
  • Middle School: Marshall
  • High School: Marshall
  • Elementary School: Marshall
  • High School: Marshall
  • Middle School: Marshall
  • School District: Marshall

Lot Info

  • Estimated Aces: 0.25
  • Zoning: Multi
  • Geo Subdivision: WI

Rental Info

  • Total Income: 61680

Tax Info

  • Land Assessment: 51100
  • Improvements: 222300
  • Total Assessment: 273400
  • Assessment year: 2023
  • Net Taxes: 5966
  • Tax Year: 2023
  • Assessor Parcel Number: 0812-103-4628-9

Multi Family

  • Number Of2 Bedrooms: 5
  • Number Of Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2024
Closed on
Oct 11, 2024
Sold by
Cardinal Homestead Llc
Bought by
Bd One Llc
Seller's Agent
Caleb Payne
Madcityhomes.Com
Buyer's Agent
Liz Lauer
Lauer Realty Group, Inc.
List Price
$649,900
Sold Price
$600,000
Premium/Discount to List
-$49,900
-7.68%
Views
15
Current Estimated Value
$626,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,253
Avg. Annual Appreciation
-2.04%
Original Mortgage
$480,000
Outstanding Balance
$477,284
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$112,646

Purchase Details

Listed on
Sep 29, 2019
Closed on
Nov 13, 2019
Sold by
Farnham Property Llc
Bought by
Cardinal Homestead Llc
Seller's Agent
Ken Seifert
Realty Executives Capital City
Buyer's Agent
Jennifer Rortvedt
First Weber Inc
List Price
$449,900
Sold Price
$380,000
Premium/Discount to List
-$69,900
-15.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.75%
Original Mortgage
$304,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
May 10, 2010
Sold by
Schmidt Dale M and Schmidt Diane J
Bought by
Farnham Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.05%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $600,000 None Listed On Document
Warranty Deed $380,000 None Available
Warranty Deed -- Dane County Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $480,000 New Conventional
Previous Owner $308,000 Commercial
Previous Owner $304,000 Commercial
Previous Owner $150,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2024 10/11/24 Sold $600,000 -4.0% $176 / Sq Ft
08/15/2024 08/15/24 Pending -- -- --
08/11/2024 08/11/24 Price Changed $625,000 -3.8% $184 / Sq Ft
07/30/2024 07/30/24 For Sale $649,900 +71.0% $191 / Sq Ft
11/15/2019 11/15/19 Sold $380,000 -15.5% $112 / Sq Ft
09/29/2019 09/29/19 For Sale $449,900 -- $133 / 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 $6,188 $273,400 $51,100 $222,300
2023 $5,966 $273,400 $51,100 $222,300
2021 $4,910 $273,400 $51,100 $222,300
2020 $5,587 $273,400 $51,100 $222,300
2019 $5,570 $273,400 $51,100 $222,300
2018 $6,777 $273,400 $51,100 $222,300
2017 $6,918 $273,400 $51,100 $222,300
2016 $6,713 $273,400 $51,100 $222,300
2015 $7,171 $273,400 $51,100 $222,300
2014 $7,034 $273,400 $51,100 $222,300
2013 $6,267 $273,400 $51,100 $222,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1982667

South Central Wisconsin Multiple Listing Service

APN: 0812-103-4628-9