NOT LISTED FOR SALE

503 W Main St Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $652,360 - $784,000

7 Beds
2 Baths
2,600 Sq Ft
$279/Sq Ft Est. Value

Last Sold April 08, 2019

Last sale price $443,000 $170 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,477/month

46 Days on Market

Highlights

  • Balcony
  • Eat-In Kitchen
  • Heating System Uses Steam
  • Hamilton Middle School Rated A
  • Property is near a bus stop
  • Family Room

About This Home

As of April 2019

24 hour notice REQUIRED for showings. Awesome downtown rental zoned R6, 4 blocks from capital. 2 units, 7 total bedrooms. One unit rented through 8/19 for $1,695/mo, the other rented through 8/20 for $1,850/mo. Additional 2 parking spaces available for rent. Tons of updates, well maintained. Great rental income potential. Tenants pay utilities, owner pays water/sewer. See associated doc's for full list of updates. For more information about this property, please call (608) 729-5372.

Last Agent to Sell the Property

Nicole Charles

EXP Realty, LLC License #70413-94 Listed on: 01/16/2019

EXP Realty, LLC

Last Buyer's Agent

Anne Baranski

Badger Realty Team License #58168-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,088

Lot Details

  • 3,049

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Family Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Heating System Uses Steam
  • Separate Meters

Additional Features

  • Balcony
  • 3,049 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Laundry Facilities
  • Net Operating Income $30,778

Listing and Financial Details

  • Assessor Parcel Number 0709-231-3206-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,088

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 flat-up and down
  • Items Excluded: seller/tenant personal property
  • Items Included: 2 stoves, 2 refrigerators, 2 dishwashers
  • Miscellaneous: Shared laundry, Close to bus line
  • Year Built: 999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Washers: 1

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Steam
  • Parking Stalls Outside: 2

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.07
  • Zoning: DR2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 42656

Tax Info

  • Net Taxes: 10088
  • Tax Year: 2017
  • Assessor Parcel Number: 0709-231-3206-6

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2020
Sold by
Jung Sara and Wildey Scoey
Bought by
Jung Sara
Current Estimated Value
$725,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,001
Outstanding Balance
$299,272
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$425,818

Purchase Details

Listed on
Jan 16, 2019
Closed on
Apr 8, 2019
Sold by
Avond Matthew W Vandena and Avond Rebecca L Vandena
Bought by
Jung Sara and Wildey Scoey
Seller's Agent
Nicole Charles
EXP Realty, LLC
Buyer's Agent
Anne Baranski
Badger Realty Team
List Price
$450,000
Sold Price
$443,000
Premium/Discount to List
-$7,000
-1.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%
Original Mortgage
$332,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2010
Sold by
Stuckmann Scott A and Stuckmann Julie A
Bought by
Vanden Avond Matthew W and Vanden Avond Rebecca L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$383,062
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Jun 5, 2007
Sold by
Dehaven Burt W
Bought by
Stuckmann Roger C and Stuckmann Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
6.21%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jung Sara -- Dominion Title
Jung Sara $443,000 Dominion Title
Vanden Avond Matthew W $190,000 None Available
Vanden Avond Matthew W $190,000 None Available
Stuckmann Roger C $285,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jung Sara $338,001
Closed Jung Sara $332,250
Previous Owner Vanden Avond Matthew W $383,062
Previous Owner Stuckmann Roger C $256,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2019 04/08/19 Sold $443,000 -1.6% $170 / Sq Ft
01/21/2019 01/21/19 For Sale $450,000 +1.6% $173 / Sq Ft
01/16/2019 01/16/19 Off Market $443,000 -- --
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 $19,770 $563,100 $119,900 $443,200
2023 $9,532 $526,300 $119,900 $406,400
2021 $9,438 $443,000 $111,000 $332,000
2020 $9,874 $443,000 $107,800 $335,200
2019 $10,243 $457,600 $96,500 $361,100
2018 $9,737 $435,800 $96,500 $339,300
2017 $10,088 $435,800 $96,500 $339,300
2016 $9,868 $415,000 $87,700 $327,300
2015 $9,971 $395,200 $87,700 $307,500
2014 $9,497 $395,200 $87,700 $307,500
2013 $8,678 $380,000 $82,700 $297,300
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2019

    Nicole Charles

    EXP Realty, LLC

    Section Image
  • Anne Baranski

    Buyer's Agent in 2019

    Anne Baranski

    Badger Realty Team

    (608) 445-2370

    1 in this area

    108 Total Sales

    Anne Baranski
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1848314

South Central Wisconsin Multiple Listing Service

APN: 0709-231-3206-6

Wisconsin Dane County Madison 53703 Downtown Madison

503 W Main St, Madison, WI

Not Listed for Sale

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