NOT LISTED FOR SALE

50 Northridge Terrace Unit 1 Madison, WI 53704

Mendota Hills Neighborhood

Estimated Value: $559,000 - $752,000

8 Beds
4 Baths
4,124 Sq Ft
$160/Sq Ft Est. Value

Last Sold September 23, 2016

Last sale price $345,000 $84 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,091/month

4 Days on Market

Highlights

  • Open Floorplan
  • Eat-In Kitchen
  • Ramped or Level from Garage
  • Balcony
  • Home Security System
  • Property is near a bus stop

About This Home

As of September 2016

4-unit investment opportunity on Madison's Northside. Property is on busline. Large lot. All units have attached garages. Upper two units access via common area stairs from garage. Needs new roof and price reflects this. Selling "as-is". Property is an entity of an owner/broker licensed in WI.

Last Agent to Sell the Property

Linda Poulsen

Poulsen Suhr Real Estate Servi License #16559-90 Listed on: 08/01/2016

Last Buyer's Agent

Patrick Long

South Central Non-Member License #81317-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,571

Year Built

  • Built in 1989

Lot Details

  • 0.39 Acre Lot
  • Level Lot

Parking

  • Driveway Level

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • Open Floorplan
  • Home Security System
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Accessible Home Design

  • Low Pile Carpeting
  • Ramped or Level from Garage

Schools

  • Mendota Elementary School
  • Black Hawk Middle School
  • East High School

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Balcony
  • Property is near a bus stop

Community Details

  • 4 Units
  • Net Operating Income $7,000

Listing and Financial Details

  • Assessor Parcel Number 0809-264-0321-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,571

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Barrier Free: Open floor plan, Ramped or lvl from garage, Level drive, Level lot, Width of hallways 36"+, Door openings 36" or more, Low pile or no carpeting
  • Miscellaneous: Security system, Close to bus line, Water Softener Owned
  • Noi Year: 2015
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Poured concrete foundatn
  • Number Dish Washers: 4
  • Number Dryers: 3
  • Number Refrigerators: 3
  • Number Stoves: 4
  • Number Units W Ac: 4
  • Number Washers: 3
  • Number Water Heaters: 4
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel, Brick

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 30126

Schools

  • School District: Madison
  • Elementary School: Mendota
  • Middle School: Black Hawk
  • High School: East
  • Elementary School: Mendota
  • High School: East
  • Middle School: Black Hawk
  • School District: Madison

Lot Info

  • Estimated Aces: 0.39
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 37345

Tax Info

  • Land Assessment: 77300
  • Improvements: 238600
  • Total Assessment: 315900
  • Assessment year: 2016
  • Net Taxes: 7571
  • Tax Year: 2015
  • Assessor Parcel Number: 0809-264-0321-5

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2010
Sold by
Poulsen Linda M and Poulsen Suhr Linda M
Bought by
Northridge Apartments Llc
Current Estimated Value
$641,308
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
Northridge Apartments Llc -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2016 09/23/16 Sold $345,000 0.0% $84 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
08/01/2016 08/01/16 For Sale $345,000 -- $84 / 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 $18,598 $530,000 $112,000 $418,000
2023 $8,868 $490,000 $105,000 $385,000
2021 $8,944 $420,000 $86,000 $334,000
2020 $8,661 $389,000 $86,000 $303,000
2019 $8,267 $370,000 $86,000 $284,000
2018 $8,322 $373,000 $85,300 $287,700
2017 $7,970 $345,000 $85,300 $259,700
2016 $7,493 $315,900 $77,300 $238,600
2015 $7,571 $297,900 $77,300 $220,600
2014 $7,139 $297,900 $77,300 $220,600
2013 $6,925 $288,900 $77,300 $211,600
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Linda Poulsen

    Poulsen Suhr Real Estate Servi

    (608) 225-0754

    6 Total Sales

    Section Image

  • P

    Buyer's Agent in 2016

    Patrick Long

    South Central Non-Member

See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1783141

South Central Wisconsin Multiple Listing Service

APN: 0809-264-0321-5

Wisconsin Dane County Madison 53704 Mendota Hills

50 Northridge Terrace Unit 1, Madison, WI

This home is located at 50 Northridge Terrace Unit 1, Madison, WI 53704 since 01 August 2016 and is currently estimated at $658,018, approximately $159 per square foot. This property was built in 1989. 50 Northridge Terrace Unit 1 is a home located in Dane County with nearby schools including Mendota Elementary School, Black Hawk Middle School, and East 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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