NOT LISTED FOR SALE

Estimated Value: $505,000 - $671,000

8 Beds
8 Baths
4,076 Sq Ft
$150/Sq Ft Est. Value

Last Sold May 30, 2013

Last sale price $298,000 $73 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $3,753/month

13 Days on Market

Highlights

  • Balcony
  • Property is near bus stop
  • Water Softener is Owned
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Family Room

About This Home

As of May 2013

Well taken care of 4 unit with many improvements: Newer roof shingles, furnaces, windows and patio doors. Townhouse style units feature private basements, private patio decks, appliances (including water softeners), and a large open back yard. Storage shed is included. Tenants pay own heat, electric and water bills. Low maintenance exterior. This is an excellent opportunity to own rental property. Contact Mike Gordon at 608-695-7777 for more information or to see this property.

Last Agent to Sell the Property

Michael Gordon

Restaino & Associates License #8753-90 Listed on: 04/13/2013

Restaino & Associates

Last Buyer's Agent

Donald Dantinne

South Central Non-Member License #26438-90

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 0.29 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • Family Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Schools

  • Schenk Elementary School
  • Whitehorse Middle School
  • Lafollette High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Balcony
  • Property is near bus stop

Listing and Financial Details

  • Assessor Parcel Number 0710-032-1331-2

Community Details

Overview

  • 4 Units
  • Swanton Acres Subdivision

Building Details

  • Net Operating Income $31,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0.29 Acres

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Barrier Free: Level lot
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 4
  • Number Dryers: 2
  • Number Units W Ac: 4
  • Number Washers: 2
  • Number Water Softeners: 4

Exterior Features

  • Exterior: Aluminum/Steel, Brick, Stone

Garage/Parking

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

Utilities

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

Fee Information

  • Total Expenses: 11200

Schools

  • Elementary School: Schenk
  • High School: Lafollette
  • Middle School: Whitehorse
  • School District: Madison

Lot Info

  • Estimated Aces: 0.29
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 42480

Tax Info

  • Net Taxes: 8329
  • Tax Year: 2012
  • Assessor Parcel Number: 0710-032-1331-2

Multi Family

  • Number Of2 Bedrooms: 4
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2013
Closed on
May 30, 2013
Sold by
Bass Diane
Bought by
Hermsen Scott A and Hermsen Joan C
Seller's Agent
Michael Gordon
Restaino & Associates
Buyer's Agent
Donald Dantinne
South Central Non-Member
List Price
$300,000
Sold Price
$298,000
Premium/Discount to List
-$2,000
-0.67%
Current Estimated Value
$610,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,057
Avg. Annual Appreciation
5.79%
Original Mortgage
$223,500
Outstanding Balance
$158,204
Interest Rate
3.38%
Mortgage Type
Commercial
Estimated Equity
$451,853
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
Hermsen Scott A $298,000 Dane County Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hermsen Scott A $223,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2013 05/30/13 Sold $298,000 -0.7% $73 / Sq Ft
04/26/2013 04/26/13 Pending -- -- --
04/13/2013 04/13/13 For Sale $300,000 -- $74 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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
2023 $10,270 $535,000 $108,000 $427,000
2022 $20,132 $485,000 $98,000 $387,000
2021 $10,341 $485,000 $89,000 $396,000
2020 $11,402 $462,000 $89,000 $373,000
2019 $11,640 $440,000 $89,000 $351,000
2018 $9,793 $425,300 $88,200 $337,100
2017 $10,754 $386,300 $88,200 $298,100
2016 $9,259 $368,300 $84,200 $284,100
2015 $8,404 $330,300 $84,200 $246,100
2014 $7,924 $330,300 $84,200 $246,100
2013 $7,924 $330,300 $84,200 $246,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1681800

South Central Wisconsin Multiple Listing Service

APN: 0710-032-1331-2

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