NOT LISTED FOR SALE

502 Cedar St Unit 1 Madison, WI 53715

Bay Creek Neighborhood

Estimated Value: $382,083 - $505,000

2 Beds
2 Baths
1,420 Sq Ft
$295/Sq Ft Est. Value

Last Sold January 19, 2017

Last sale price $200,000 $141 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $3,121/month

Highlights

  • Open Floorplan
  • Balcony
  • Accessible Full Bathroom
  • Hamilton Middle School Rated A
  • Accessible Bedroom
  • 1-Story Property

About This Home

As of January 2017

Attractive side-by-side duplex in nice neighborhood. Each unit has a private entrance from a front shared foyer. Identical, spacious one bedroom units with hardwood floors that shine. Each unit has a partial basement with washer & dryers (included in the sale). Easy to rent duplex and of interest to owner occupants. Detached 2 car carport. A nice duplex with very good residents.

Last Agent to Sell the Property

Jeff Meyer

Meyer Realty & Management Inc License #26011-90 Listed on: 09/19/2016

Last Buyer's Agent

JoAnn Kane

Stark Company, REALTORS License #47885-90 511-4

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,103

Year Built

  • Built in 1937

Lot Details

  • 6,578

Parking

  • Carport

Home Design

  • Duplex
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Partial Basement
  • Oven or Range
  • Washer and Dryer

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-264-0314-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,103

Year Built

Built in 1937

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, 1 story
  • Barrier Free: Open floor plan, First floor bedroom, First floor full bath
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Poured concrete foundatn
  • Number Dryers: 2
  • Number Washers: 2

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Detached, Carport, 2 spaces
  • Utilities: Separate elec meters, Separate gas meters

Schools

  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 17700

Tax Info

  • Net Taxes: 4103
  • Tax Year: 2015
  • Assessor Parcel Number: 0709-264-0314-1

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2016
Closed on
Jan 19, 2017
Sold by
Gill James C
Bought by
Sullivan Timothy B and Seguin Marie M
Seller's Agent
Jeff Meyer
Meyer Realty & Management Inc
Buyer's Agent
JoAnn Kane
Stark Company, REALTORS
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%
Current Estimated Value
$418,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,771
Avg. Annual Appreciation
8.78%

Purchase Details

Closed on
Jul 22, 2011
Sold by
Gill James C
Bought by
Gill James C and James C Gill Trust

Purchase Details

Closed on
Apr 9, 2010
Sold by
Gill James Chester and Gill Mary Wilkins
Bought by
Gill James Chester
Source: Public Records

Range of Values:

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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
Sullivan Timothy B $200,000 None Available
Gill James C -- None Available
Gill James Chester -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2017 01/19/17 Sold $200,000 -11.1% $141 / Sq Ft
11/23/2016 11/23/16 Pending -- -- --
09/19/2016 09/19/16 For Sale $225,000 -- $158 / 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 $11,014 $315,800 $103,700 $212,100
2023 $5,306 $295,100 $96,900 $198,200
2021 $5,255 $248,400 $81,500 $166,900
2020 $5,089 $230,000 $81,500 $148,500
2019 $5,109 $230,000 $81,500 $148,500
2018 $4,426 $200,000 $48,700 $151,300
2017 $3,915 $171,200 $48,700 $122,500
2016 $4,058 $171,200 $48,700 $122,500
2015 $4,067 $163,000 $42,200 $120,800
2014 $3,871 $163,000 $42,200 $120,800
2013 $3,616 $148,200 $38,400 $109,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jeff Meyer

    Meyer Realty & Management Inc

    (608) 219-2436

    15 Total Sales

    Jeff Meyer
    Section Image

  • J

    Buyer's Agent in 2017

    JoAnn Kane

    Stark Company, REALTORS

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1787136

South Central Wisconsin Multiple Listing Service

APN: 0709-264-0314-1

Wisconsin Dane County Madison 53715 Bay Creek

502 Cedar St Unit 1, Madison, WI

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