NOT LISTED FOR SALE

5008 Great Gray Dr Madison, WI 53718

Estimated Value: $516,000 - $551,000

3 Beds
2 Baths
1,725 Sq Ft
$311/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $510,000 $296 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,464/month

3 Days on Market

Highlights

  • Open Floorplan
  • Ranch Style House
  • Great Room
  • Vaulted Ceiling
  • Wood Flooring
  • Den

About This Home

As of December 2023

This nearly new ranch has everything you could want! Enjoy charming, modern farmhouse curb appeal, complete with covered porch area. Inside, luxury vinyl plank flooring brings you through foyer, into open living area. Sun-soaked living room ft. large windows, vaulted ceiling, and stone-surround fireplace. Kitchen is a home cook's dream w/ quartz counters, large island, & walk-in pantry. Dining leads to backyard, as well as bonus flex space (great office/reading nook). Private primary suite (thanks to split-bedroom floorplan) has tray ceiling for extra height, & leads to spa-like attached bathroom w/ walk-in shower and large closet. Lower level is ready to be finished, boasting full windows & stubbing for bath. All this on lush lot w/ fenced yard- backing to wooded public park land!

Last Agent to Sell the Property

Brandon Buell

Realty Executives Cooper Spransy License #53583-90 Listed on: 10/31/2023

Realty Executives Cooper Spransy

Last Buyer's Agent

Britta Hegge

EXIT Professional Real Estate License #98002-94

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,704

Year Built

  • Built in 2022

Lot Details

  • 0.27 Acre Lot
  • Fenced Yard

Home Design

  • Ranch Style House
  • Poured Concrete
  • Vinyl Siding
  • Radon Mitigation System

Interior Spaces

  • 1,725 Sq Ft Home
  • Open Floorplan
  • Vaulted Ceiling
  • Gas Fireplace
  • Entrance Foyer
  • Great Room
  • Den
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Stubbed For A Bathroom
  • Basement Windows

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting

Schools

  • Henderson Elementary School
  • Sennett Middle School
  • Lafollette High School

Utilities

  • Forced Air Cooling System
  • Water Softener
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Additional Features

  • Patio
  • Property is near a bus stop

Community Details

  • Built by Phoenix Construction
  • Owl's Creek Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,704

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: 1 story
  • Architecture: Ranch
  • Barrier Free: Open floor plan, First floor bedroom, First floor full bath, Stall shower, Low pile or no carpeting
  • Homebuilder: Phoenix Construction
  • Items Excluded: Seller's Personal Property
  • Items Included: Refrigerator, Range/Oven, Dishwasher, Microwave, Water Softener, Washer, Dryer, Some Window Coverings
  • Year Built: 2022
  • Above Grade Price Per Sq Ft: 289.8
  • Above Grade Sold Price Per Sq Ft: 295.65
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Above Grade Finished Sq Ft: 1725
  • Finished Sq Ft: 1725
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Main Level Full Bathrooms: 2
  • Total Full Bathrooms: 2
  • Master Bedroom: Dimensions: 15x13, On Level: M
  • Bedroom 2: Dimensions: 10x9, On Level: M
  • Bedroom 3: Dimensions: 10x9, On Level: M
  • Kitchen: Dimensions: 12x12, On Level: M
  • Kitchen Features: Breakfast bar, Pantry, Kitchen Island, Range/Oven, Refrigerator, Dishwasher, Microwave
  • Living Room: Dimensions: 19x17, On Level: M
  • Dining Area: Dimensions: 12x8, On Level: M
  • Other Rooms: Den/Office, Foyer
  • Other Room 1: Den/Office, Dimensions: 5x4, On Level: M
  • Other Room 2: Foyer, Dimensions: 13x13, On Level: M
  • Laundry: Dimensions: 6x5, On Level: M
  • Basement: Full, Full Size Windows/Exposed, Sump pump, Stubbed for Bathroom, Radon Mitigation System, Poured concrete foundatn
  • Fireplace: Gas, 1 fireplace
  • Interior Amenities: Wood or sim. wood floor, Walk-in closet(s), Great room, Vaulted ceiling, Water softener inc, Cable available, At Least 1 tub, Split bedrooms, Internet - Cable, Internet- Fiber available
  • Primary Bedroom Bathrooms: Full, Walk-in Shower

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Patio, Fenced Yard

Garage/Parking

  • Driveway: Paved
  • Garage: 2 car, Attached, Opener
  • Total Full Garage Stalls: 2

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Forced air, Central air
  • Water Waste: Municipal water, Municipal sewer

Schools

  • School District: Madison
  • Elementary School: Henderson
  • Middle School: Sennett
  • High School: Lafollette
  • Elementary School: Henderson
  • High School: Lafollette
  • Middle School: Sennett
  • School District: Madison

Lot Info

  • Assessor Parcel Number: 0710-274-1116-6
  • Estimated Aces: 0.27
  • Lot Description: Close to busline, Sidewalk
  • Zoning: res
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 73500
  • Total Assessment: 73500
  • Assessment year: 2023
  • Net Taxes: 1704
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Dec 11, 2023
Sold by
Ellingson Steven and Ellingson Jean
Bought by
Gausmann Jamie Lee
Seller's Agent
Brandon Buell
Realty Executives Cooper Spransy
Buyer's Agent
Britta Hegge
EXIT Professional Real Estate
List Price
$499,900
Sold Price
$510,000
Premium/Discount to List
$10,100
2.02%
Views
33
Current Estimated Value
$537,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,196
Avg. Annual Appreciation
2.56%
Original Mortgage
$110,000
Outstanding Balance
$108,706
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$423,663

Purchase Details

Listed on
Dec 11, 2022
Closed on
Mar 9, 2023
Sold by
Gold Star Real Estate Llc
Bought by
Ellingson Steven and Weiss Jean
Seller's Agent
Amy Lewison Berner
Bunbury & Assoc, REALTORS
Buyer's Agent
Brandon Buell
Realty Executives Cooper Spransy
List Price
$469,900
Sold Price
$460,000
Premium/Discount to List
-$9,900
-2.11%
Views
369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.54%
Original Mortgage
$410,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2021
Sold by
City Of Madison
Bought by
Gold Star Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2014
Sold by
Anchorbank Fsb
Bought by
City Of Madison

Purchase Details

Closed on
May 23, 2014
Sold by
Nelson Group Development Corp
Bought by
Anchorbank Fsb

Purchase Details

Closed on
Apr 13, 2007
Sold by
Madison Homes Inc
Bought by
Nelson Group Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,452,130
Interest Rate
6.19%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 20, 2006
Sold by
Nelson Group Development Corp
Bought by
Madison Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,425
Interest Rate
6.48%
Mortgage Type
Unknown
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
Gausmann Jamie Lee $510,000 Founders Title
Ellingson Steven $460,000 --
Gold Star Real Estate Llc $126,200 None Available
City Of Madison $510,000 None Available
Anchorbank Fsb $500,000 None Available
Nelson Group Development Corp $69,900 None Available
Madison Homes Inc $69,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gausmann Jamie Lee $110,000
Previous Owner Ellingson Steven $410,000
Previous Owner Gold Star Real Estate Llc $300,000
Previous Owner Gold Star Real Estate Llc $128,500
Previous Owner Nelson Group Development Corp $4,452,130
Previous Owner Madison Homes Inc $52,425
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $510,000 +2.0% $296 / Sq Ft
11/03/2023 11/03/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $499,900 +8.7% $290 / Sq Ft
03/10/2023 03/10/23 Sold $460,000 -2.1% $267 / Sq Ft
02/05/2023 02/05/23 Pending -- -- --
02/05/2023 02/05/23 For Sale $469,900 +2.2% $272 / Sq Ft
02/04/2023 02/04/23 Off Market $460,000 -- --
01/19/2023 01/19/23 Price Changed $469,900 -2.1% $272 / Sq Ft
12/11/2022 12/11/22 For Sale $479,900 -- $278 / 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 $17,890 $510,000 $80,400 $429,600
2023 $1,343 $73,500 $73,500 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $966 $0 $0 $0
2018 $0 $0 $0 $0
2017 $846 $0 $0 $0
2016 $846 $0 $0 $0
2015 $846 $34,900 $34,900 $0
2014 $846 $34,900 $34,900 $0
2013 $966 $34,900 $34,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1966652

South Central Wisconsin Multiple Listing Service

APN: 0710-274-1116-6