NOT LISTED FOR SALE

502 Jacobson Ave Madison, WI 53714

Atwood Neighborhood

Estimated Value: $315,000 - $656,000

4 Beds
2 Baths
1,240 Sq Ft
$341/Sq Ft Est. Value

Last Sold March 04, 2022

Last sale price $280,000 $226 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,555/month

Highlights

  • 0.3 Acre Lot
  • Accessible Bedroom
  • 1-Story Property
  • Eat-In Kitchen
  • Accessible Full Bathroom
  • 4-minute walk to Thurber Park

About This Home

As of March 2022

Conveniently located close to Highway 30. Sold AS-IS. This amazing income opportunity is a ranch-style duplex, with a detached garage. Both units are in a good functional state. Some minor repairs are needed, such as a small portion of the siding on the garage and back of the house. All major work has already been done by the seller in recent years: roof (2015), furnace, water heater (2015), new bathroom (2016), and a kitchen(2020). Soundproof wall in between units. Tenants have been great faithful and reliable long-term tenants. They would like to continue to live there. Low Blooming Grove Taxes.

Last Agent to Sell the Property

Iris Etheridge

Stark Company, REALTORS License #79317-94 Listed on: 12/16/2021

Stark Company, REALTORS

Last Buyer's Agent

Marine Yoo

Real Broker LLC

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,574

Year Built

  • Built in 1961

Lot Details

  • 0.3 Acre Lot

Parking

  • 2 Covered Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stucco Exterior
  • Stone Exterior Construction

Interior Spaces

  • 1-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

  • Hawthorne Elementary School
  • Sherman Middle School
  • East High School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-051-0790-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,574

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Municipality: Blooming Grove
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side, 1 story
  • Barrier Free: First floor bedroom, First floor full bath
  • Items Excluded: 1 dish washer, 1 washer, 1 dryer
  • Items Included: 2 furnaces, 2 water heaters, 2 water softeners ( not rented), 2 stoves, 1 dryer, 1 washer
  • Miscellaneous: Water Softener Owned
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Brick, Stucco, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 2
  • Parking Stalls Outside: 2

Utilities

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

Schools

  • Elementary School: Hawthorne
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Estimated Aces: 0.303
  • Zoning: R-4

Rental Info

  • Total Income: 19500

Tax Info

  • Net Taxes: 3574
  • Tax Year: 2021
  • Assessor Parcel Number: 0710-051-0790-9

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2021
Closed on
Mar 3, 2022
Sold by
Roeske Jeannine L and Roeske Irvin H
Bought by
Its Possible Llc
Seller's Agent
Iris Etheridge
Stark Company, REALTORS
Buyer's Agent
Marine Yoo
Real Broker LLC
List Price
$299,500
Sold Price
$280,000
Premium/Discount to List
-$19,500
-6.51%
Current Estimated Value
$423,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,376
Avg. Annual Appreciation
11.99%
Original Mortgage
$251,200
Outstanding Balance
$234,702
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$188,674

Purchase Details

Closed on
Jul 9, 2010
Sold by
Roeske Jeannine L and Hill Jeannine
Bought by
Roeske Irvin H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,510
Interest Rate
4.87%
Mortgage Type
FHA
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
Its Possible Llc $280,000 None Listed On Document
Roeske Irvin H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Its Possible Llc $251,200
Previous Owner Roeske Irvin H $159,510
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2022 03/04/22 Sold $280,000 -6.5% $226 / Sq Ft
01/03/2022 01/03/22 For Sale $299,500 +7.0% $242 / Sq Ft
12/18/2021 12/18/21 Off Market $280,000 -- --
12/16/2021 12/16/21 For Sale $299,500 -- $242 / 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 $3,939 $280,000 $122,400 $157,600
2023 $2,896 $167,600 $68,300 $99,300
2021 $3,575 $167,600 $68,300 $99,300
2020 $2,920 $167,600 $68,300 $99,300
2019 $2,601 $167,600 $68,300 $99,300
2018 $2,610 $149,900 $68,300 $81,600
2017 $3,187 $149,900 $68,300 $81,600
2016 $2,699 $149,900 $68,300 $81,600
2015 $2,827 $149,900 $68,300 $81,600
2014 $3,027 $149,900 $68,300 $81,600
2013 $3,175 $149,900 $68,300 $81,600
Source: Public Records

Agents Affiliated with this Home

  • Iris Etheridge

    Seller's Agent in 2022

    Iris Etheridge

    Stark Company, REALTORS

    (608) 572-1736

    1 in this area

    46 Total Sales

    Iris Etheridge
    Section Image
  • Marine Yoo

    Buyer's Agent in 2022

    Marine Yoo

    Real Broker LLC

    (608) 527-0753

    8 in this area

    1,509 Total Sales

    Marine Yoo
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1925243

South Central Wisconsin Multiple Listing Service

APN: 0710-051-0790-9

Wisconsin Dane County Madison 53714 Atwood

502 Jacobson Ave, Madison, WI

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