NOT LISTED FOR SALE

448 W Mifflin St Unit 1 Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $821,388 - $937,000

6 Beds
3 Baths
3,203 Sq Ft
$268/Sq Ft Est. Value

Last Sold April 17, 2017

Last sale price $460,000 $144 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $6,460/month

42 Days on Market

Highlights

  • Balcony
  • Eat-In Kitchen
  • Dining Room
  • Hamilton Middle School Rated A
  • Property is near a bus stop
  • Family Room

About This Home

As of April 2017

SUCCESSFUL 3-UNIT PART OF ISTHMUS INVESTMENT PORTFOLIO AVAILABLE. HEART OF CAMPUS ON W. MIFFLIN ST EASY TO RENT. CURRENT APPRAISAL ON FILE. SHOWINGS M, W & F NOON-4PM ONLY SEE SCHRAMLREALTYGROUP.COM FOR MORE INFO!

Last Agent to Sell the Property

Jeff Schraml

Century 21 Affiliated License #49690-94 Listed on: 01/03/2017

Century 21 Affiliated

Last Buyer's Agent

Erik Taske

Madcity Management, LLC License #54543-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,348

Year Built

  • Built in 1899

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Family Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • Driveway Level
  • Outside Parking

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters
  • Water Softener Leased

Additional Features

  • Balcony
  • Property is near a bus stop

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-231-1327-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,348

Year Built

Built in 1899

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
  • Barrier Free: Level drive, Level lot
  • Miscellaneous: Close to bus line, Water Softener Rented
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 3
  • 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
  • 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: 0.1
  • Zoning: DR2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 47520

Tax Info

  • Net Taxes: 9348
  • Tax Year: 2015
  • Assessor Parcel Number: 0709-231-1327-2

Multi Family

  • Number Of2 Bedrooms: 3
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2017
Closed on
Apr 17, 2017
Sold by
448 W Mifflin Llc
Bought by
702 Olin Ave Llc
Seller's Agent
Jeff Schraml
Century 21 Affiliated
Buyer's Agent
Erik Taske
Madcity Management, LLC
List Price
$499,900
Sold Price
$460,000
Premium/Discount to List
-$39,900
-7.98%
Current Estimated Value
$859,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,597
Avg. Annual Appreciation
7.53%
Original Mortgage
$368,000
Outstanding Balance
$306,983
Interest Rate
4.3%
Mortgage Type
Unknown
Estimated Equity
$552,614

Purchase Details

Closed on
Apr 12, 2012
Sold by
Heffernan Robert R
Bought by
448 W Mifflin Llc

Purchase Details

Closed on
Sep 1, 2011
Sold by
Bruns David W and Bruns Teri L
Bought by
Heffernan Robert Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.4%
Mortgage Type
Commercial
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
702 Olin Ave Llc $460,000 None Available
448 W Mifflin Llc -- None Available
Heffernan Robert Russell $360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 702 Olin Ave Llc $368,000
Previous Owner Heffernan Robert Russell $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2017 04/17/17 Sold $460,000 -8.0% $144 / Sq Ft
02/14/2017 02/14/17 Pending -- -- --
01/03/2017 01/03/17 For Sale $499,900 -- $156 / 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 $23,038 $655,400 $146,100 $509,300
2023 $11,107 $612,500 $146,100 $466,400
2021 $11,857 $555,500 $139,100 $416,400
2020 $10,773 $483,000 $135,000 $348,000
2019 $10,297 $460,000 $119,000 $341,000
2018 $10,282 $460,000 $119,000 $341,000
2017 $9,934 $429,200 $119,000 $310,200
2016 $9,720 $408,800 $108,200 $300,600
2015 $9,348 $370,800 $108,200 $262,600
2014 $8,905 $370,800 $108,200 $262,600
2013 $7,761 $360,000 $102,100 $257,900
Source: Public Records

Agents Affiliated with this Home

  • Jeff Schraml

    Seller's Agent in 2017

    Jeff Schraml

    Century 21 Affiliated

    (608) 873-1626

    94 Total Sales

    Jeff Schraml
    Section Image
  • Erik Taske

    Buyer's Agent in 2017

    Erik Taske

    Madcity Management, LLC

    (608) 219-9822

    1 in this area

    6 Total Sales

    Erik Taske
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1792616

South Central Wisconsin Multiple Listing Service

APN: 0709-231-1327-2

Wisconsin Dane County Madison 53703 Downtown Madison

448 W Mifflin St Unit 1, Madison, WI

Not Listed for Sale

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