NOT LISTED FOR SALE

449 W Main St Unit 1 Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $976,000

11 Beds
4 Baths
4,562 Sq Ft
$214/Sq Ft Est. Value

Last Sold August 31, 2012

Last sale price $615,000 $135 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,131/month

1 Day on Market

Highlights

  • Balcony
  • Eat-In Kitchen
  • Dining Room
  • Hamilton Middle School Rated A
  • Forced Air Heating System
  • Family Room

About This Home

As of August 2012

2 multifamily units located on one parcel zoned C1. There are a total of 5 units with 15 bedrooms that are all leased for the following 2012-2013 rental season. Large spacious layout throughout each apartment with private entrances and private balconies. Close to campus just of W. Washington Ave. Easy to rent with an annual gross income of $77,340

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 08/01/2012

Last Buyer's Agent

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 08/01/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,480

Year Built

  • Built in 1927

Lot Details

  • 4,356

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

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

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • On-Street Parking
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters

Additional Features

  • Balcony
  • 4,356 Sq Ft Lot

Community Details

  • 5 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-231-2617-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,480

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side, Apartment building, 2 story, 2 flat-up and down
  • Miscellaneous: Shared laundry
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 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 Lot Sq Ft: 4356
  • Zoning: C1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 77340

Tax Info

  • Net Taxes: 13480
  • Tax Year: 2011
  • Assessor Parcel Number: 0709-231-2617-6

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 4
  • Number Of Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2012
Closed on
Aug 28, 2012
Sold by
Gamble William O and Sullivan James W
Bought by
West Main Enterprises
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
James Stopple
Madison Property Management, Inc.
List Price
$650,000
Sold Price
$615,000
Premium/Discount to List
-$35,000
-5.38%
Current Estimated Value
$976,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,000
Avg. Annual Appreciation
3.55%
Original Mortgage
$492,000
Outstanding Balance
$336,550
Interest Rate
3.48%
Mortgage Type
Commercial
Estimated Equity
$639,450
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
West Main Enterprises $615,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open West Main Enterprises $492,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2012 08/31/12 Sold $615,000 -5.4% $135 / Sq Ft
08/02/2012 08/02/12 Pending -- -- --
08/01/2012 08/01/12 For Sale $650,000 -- $142 / 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 $35,770 $1,015,000 $180,000 $835,000
2023 $16,728 $920,000 $164,000 $756,000
2021 $17,865 $835,000 $135,000 $700,000
2020 $17,783 $795,000 $134,100 $660,900
2019 $16,996 $757,000 $134,100 $622,900
2018 $16,159 $721,000 $134,100 $586,900
2017 $16,742 $721,000 $134,100 $586,900
2016 $16,389 $687,000 $122,100 $564,900
2015 $15,758 $623,000 $122,100 $500,900
2014 $15,015 $623,000 $122,100 $500,900
2013 $13,481 $605,000 $122,100 $482,900
Source: Public Records

Agents Affiliated with this Home

  • James Stopple

    Seller's Agent in 2012

    James Stopple

    Madison Property Management, Inc.

    (608) 516-8272

    9 in this area

    92 Total Sales

    James Stopple
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1662529

South Central Wisconsin Multiple Listing Service

APN: 0709-231-2617-6

Wisconsin Dane County Madison 53703 Downtown Madison

449 W Main St Unit 1, Madison, WI

Not Listed for Sale

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