NOT LISTED FOR SALE

49 Park Heights Ct Madison, WI 53711

Prairie Hills Neighborhood

Estimated Value: $645,031 - $687,000

8 Beds
8 Baths
4,226 Sq Ft
$158/Sq Ft Est. Value

Last Sold August 30, 2021

Last sale price $490,000 $116 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,211/month

35 Days on Market

Highlights

  • Fireplace
  • Property is near a bus stop
  • Washer and Dryer
  • Spring Harbor Middle School Rated A-
  • Family Room

About This Home

As of August 2021

Great investment opportunity with this wonderfully maintained 4 unit on Madison's Westside. Wood burning fireplaces and laundry in each unit. 4 car garage with a stall assigned to each unit.

Last Agent to Sell the Property

Travis Blom

LPT Realty License #93811-94 Listed on: 06/28/2021

LPT Realty

Last Buyer's Agent

Travis Blom

LPT Realty License #93811-94 Listed on: 06/28/2021

LPT Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,346

Year Built

  • Built in 1984

Lot Details

  • 0.32

Parking

  • 4 Covered Spaces

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Family Room

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Schools

  • Anana Elementary School
  • Toki Middle School
  • Memorial High School

Utilities

  • Radiant Heating System
  • Separate Meters

Additional Features

  • 0.32 Acre Lot
  • Property is near a bus stop

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 070836308184

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,346

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Items Excluded: All renter's personal property
  • Items Included: 4 range/ovens, 4 refrigerators, 4 dishwashers, 3 washers, 3 dryers
  • Miscellaneous: Close to bus line
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 4
  • Number Dryers: 4
  • Number Furnaces: 4
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Units W Ac: 4
  • Number Washers: 4
  • Number Water Heaters: 4
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Parking Stalls Inside: 4

Utilities

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

Schools

  • School District: Madison
  • Elementary School: Anana
  • Middle School: Toki
  • High School: Memorial
  • Elementary School: Anana
  • High School: Memorial
  • Middle School: Toki
  • School District: Madison

Lot Info

  • Estimated Aces: 0.32
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 47400

Tax Info

  • Land Assessment: 77000
  • Improvements: 317000
  • Total Assessment: 394000
  • Assessment year: 2021
  • Net Taxes: 8346
  • Tax Year: 2020
  • Assessor Parcel Number: 070836308184

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2021
Closed on
Aug 30, 2021
Sold by
Gorectke Andrew
Bought by
Ai Teng
Seller's Agent
Travis Blom
LPT Realty
Buyer's Agent
Travis Blom
LPT Realty
List Price
$500,000
Sold Price
$490,000
Premium/Discount to List
-$10,000
-2%
Current Estimated Value
$666,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,258
Avg. Annual Appreciation
6.60%
Original Mortgage
$367,500
Outstanding Balance
$338,021
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$295,862

Purchase Details

Closed on
Dec 27, 2017
Sold by
Pan Yunfeng and Jiang Star
Bought by
Gorectke Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,264
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2017
Sold by
49 Park Heights Ct Llc
Bought by
Pan Yunfeng and Jiang Star

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,920
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2011
Sold by
Spanos Brian and Riemen Brett
Bought by
49 Park Heights Ct Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,145
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 6, 2011
Sold by
Sanchez Ismael
Bought by
Spanos Brian C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,145
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 31, 2006
Sold by
Gorchels Paul A
Bought by
Sanchez Ismael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,000
Interest Rate
6.85%
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 Buyer Sale Price Title Company
Ai Teng $490,000 None Available
Gorectke Andrew $395,200 --
Pan Yunfeng $364,900 Knight Barry Title Services
49 Park Heights Ct Llc -- None Available
Spanos Brian C $150,900 None Available
Sanchez Ismael $424,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ai Teng $367,500
Previous Owner Gorectke Andrew $383,264
Previous Owner Gorectke Andrew $387,591
Previous Owner Pan Yunfeng $291,920
Previous Owner 49 Park Heights Ct Llc $240,000
Previous Owner 49 Park Heights Ct Llc $143,145
Previous Owner Sanchez Ismael $25,000
Previous Owner Sanchez Ismael $318,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2021 08/30/21 Sold $490,000 -2.0% $116 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $500,000 +2.0% $118 / Sq Ft
06/29/2021 06/29/21 Off Market $490,000 -- --
06/28/2021 06/28/21 For Sale $500,000 -- $118 / 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 $19,306 $550,000 $103,000 $447,000
2023 $9,325 $515,000 $94,000 $421,000
2021 $8,385 $394,000 $77,000 $317,000
2020 $8,346 $375,000 $77,000 $298,000
2019 $8,380 $375,000 $77,000 $298,000
2018 $8,863 $395,000 $77,000 $318,000
2017 $7,975 $342,000 $83,300 $258,700
2016 $7,519 $317,000 $80,300 $236,700
2015 $3,799 $317,000 $80,300 $236,700
2014 $7,602 $317,000 $80,300 $236,700
2013 $7,638 $308,000 $80,300 $227,700
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Travis Blom

    LPT Realty

    (512) 297-3486

    1 in this area

    50 Total Sales

    Travis Blom
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1913274

South Central Wisconsin Multiple Listing Service

APN: 0708-363-0818-4

Wisconsin Dane County Madison 53711 Prairie Hills

49 Park Heights Ct, Madison, WI

This home is located at 49 Park Heights Ct, Madison, WI 53711 since 28 June 2021 and is currently estimated at $666,258, approximately $157 per square foot. This property was built in 1984. 49 Park Heights Ct is a home located in Dane County with nearby schools including Milele Chikasa Anana, Spring Harbor Middle School, and Vel Phillips Memorial High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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