NOT LISTED FOR SALE

502 S Mills St Unit 1A Madison, WI 53715

Greenbush Neighborhood

Estimated Value: $459,217 - $566,000

4 Beds
2 Baths
1,680 Sq Ft
$301/Sq Ft Est. Value

Last Sold May 21, 2019

Last sale price $303,000 $180 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,914/month

22 Days on Market

Highlights

  • 0.2 Acre Lot
  • Property is near a bus stop
  • Forced Air Heating System
  • Hamilton Middle School Rated A
  • Water Softener is Owned
  • Dining Room

About This Home

As of May 2019

High cash flow positive two unit available in thriving downtown Madison, ideal housing for medical, student, and downtown specific tenants. Leases are on file, expense and income reports available. Situated on corner lot within minutes of walking distance to hospitals, entertainment district, university, zoo and parks. Current rents are below market rate for area and can be increased within a few months.

Last Agent to Sell the Property

Marine Yoo

Real Broker LLC License #58777-90 Listed on: 03/25/2019

Real Broker LLC

Last Buyer's Agent

Steve Pschorr

Stark Company, REALTORS License #27638-94

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,585

Year Built

  • Built in 1920

Lot Details

  • 8,712

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Dining Room
  • Partial Basement
  • Oven or Range

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter
  • Water Softener is Owned

Additional Features

  • 8,712 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-224-3942-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,585

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Items Included: 2 water heaters, 1 water softener, 1 microwave, 2 range/oven, 2 refrigerators, 1 washer, 1 dryer, 2 furnace
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Noi Year: 2018
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Number Dryers: 1
  • Number Furnaces: 2
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 1
  • Number Water Heaters: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters

Schools

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

Lot Info

  • Estimated Aces: 0.2
  • Zoning: TR-C3
  • Geo Subdivision: WI

Rental Info

  • Total Income: 23220

Tax Info

  • Land Assessment: 65300
  • Improvements: 241100
  • Total Assessment: 306400
  • Assessment year: 2018
  • Net Taxes: 6585
  • Tax Year: 2017
  • Assessor Parcel Number: 0709-224-3942-1

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2019
Closed on
May 21, 2019
Sold by
Bergdahl Mark D and Bergdahl Mark Douglas
Bought by
M & R Field Real Est Llc
Seller's Agent
Marine Yoo
Real Broker LLC
Buyer's Agent
Steve Pschorr
Stark Company, REALTORS
List Price
$350,000
Sold Price
$303,000
Premium/Discount to List
-$47,000
-13.43%
Current Estimated Value
$506,054

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,054
Avg. Annual Appreciation
8.30%
Original Mortgage
$228,000
Outstanding Balance
$200,051
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$306,003

Purchase Details

Closed on
Dec 22, 2005
Sold by
Holt Colleen M and Holt Colleen Marie
Bought by
Bergdahl Mark D and Bergdahl Mark Douglas
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
M & R Field Real Est Llc $303,000 None Available
Bergdahl Mark D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M & R Field Real Est Llc $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2019 05/21/19 Sold $303,000 -6.8% $180 / Sq Ft
04/12/2019 04/12/19 Price Changed $325,000 -7.1% $193 / Sq Ft
03/25/2019 03/25/19 For Sale $350,000 -- $208 / 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 $14,871 $423,500 $111,200 $312,300
2023 $7,169 $395,800 $85,500 $310,300
2021 $6,949 $327,200 $73,300 $253,900
2020 $6,729 $303,000 $73,300 $229,700
2019 $7,455 $334,000 $70,500 $263,500
2018 $8,585 $306,400 $65,300 $241,100
2017 $6,670 $281,100 $65,300 $215,800
2016 $7,273 $260,300 $60,500 $199,800
2015 $5,869 $219,300 $50,100 $169,200
2014 $5,235 $219,300 $50,100 $169,200
2013 $5,980 $219,300 $46,800 $172,500
Source: Public Records

Agents Affiliated with this Home

  • Marine Yoo

    Seller's Agent in 2019

    Marine Yoo

    Real Broker LLC

    (608) 527-0753

    2 in this area

    1,517 Total Sales

    Marine Yoo
    Section Image

  • S

    Buyer's Agent in 2019

    Steve Pschorr

    Stark Company, REALTORS

    Section Image
See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1852537

South Central Wisconsin Multiple Listing Service

APN: 0709-224-3942-1

Wisconsin Dane County Madison 53715 Greenbush

502 S Mills St Unit 1A, Madison, WI

This home is located at 502 S Mills St Unit 1A, Madison, WI 53715 since 25 March 2019 and is currently estimated at $506,054, approximately $301 per square foot. This property was built in 1920. 502 S Mills St Unit 1A is a home located in Dane County with nearby schools including Franklin Elementary School, Hamilton Middle School, and West 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.

Nearby Homes