NOT LISTED FOR SALE

505 Alan Dr Mount Horeb, WI 53572

Estimated Value: $952,000

8 Beds
4 Baths
3,200 Sq Ft
$298/Sq Ft Est. Value

Last Sold May 12, 2023

Last sale price $1,050,000 $328 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,930/month

13 Days on Market

Highlights

  • 0.62 Acre Lot
  • Eat-In Kitchen
  • Family Room
  • Mount Horeb Intermediate School Rated A-
  • Home Security System
  • Laundry Facilities

About This Home

As of May 2023

Well maintained brick 8-unit building with excess land with potential to develop. Fully leased building with year to year leases. Newer roof, mechanicals and 6 AC units. New coin-operated laundry onsite.

Last Agent to Sell the Property

Alex Filkouski

Madison Commercial Real Estate LLC License #96807-94 Listed on: 02/28/2023

Last Buyer's Agent

Ken Brenner

Stark Company, REALTORS License #59073-90

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,682

Year Built

  • Built in 1976

Lot Details

  • 0.62 Acre Lot

Parking

  • 8 Open Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Family Room
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Schools

  • Mount Horeb Elementary And Middle School
  • Mount Horeb High School

Utilities

  • Radiant Heating System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 0606-121-0255-3

Community Details

Overview

  • 8 Units
  • Kara View Heights Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,682

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Municipality: Mount Horeb
  • Status Detail: Sold
  • Mailing City: Mount Horeb
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Items Excluded: Tenant's personal property.
  • Items Included: 8 stoves, 8 refrigerators, 8 air conditioners, 1 water softener, 2 coin-operated washers & dryers.
  • Miscellaneous: Security system, Shared laundry
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 2
  • Number Units W Ac: 8
  • Number Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Type: Radiant
  • Parking Stalls Outside: 8

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space
  • Utilities: Separate elec meters

Schools

  • Elementary School: Mount Horeb
  • High School: Mount Horeb
  • Middle School: Mount Horeb
  • School District: Mount Horeb

Lot Info

  • Estimated Aces: 0.62
  • Zoning: R3
  • Geo Subdivision: WI

Rental Info

  • Total Income: 103764

Tax Info

  • Net Taxes: 11682
  • Tax Year: 2022
  • Assessor Parcel Number: 0606-121-0255-3

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2023
Closed on
May 12, 2023
Sold by
505 Alan Drive Llc
Bought by
Hhw Of Madison Llc
Seller's Agent
Alex Filkouski
Madison Commercial Real Estate LLC
Buyer's Agent
Ken Brenner
Stark Company, REALTORS
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Views
50
Current Estimated Value
$952,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,000
Original Mortgage
$735,000
Outstanding Balance
$714,150
Interest Rate
6.28%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 15, 2021
Closed on
Oct 29, 2021
Sold by
Vrooman Design Farms Llc
Bought by
505 Alan Drive Llc
Seller's Agent
Jeff Fuller
Real Broker LLC
Buyer's Agent
Michael Herl
Madison Commercial Real Estate LLC
List Price
$799,900
Sold Price
$800,000
Premium/Discount to List
$100
0.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.45%
Original Mortgage
$640,000
Interest Rate
2.99%
Mortgage Type
Commercial
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
Hhw Of Madison Llc $1,050,000 None Listed On Document
505 Alan Drive Llc $800,000 Knight Barry Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hhw Of Madison Llc $735,000
Previous Owner 505 Alan Drive Llc $640,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2023 05/12/23 Sold $1,050,000 -4.5% $328 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
02/28/2023 02/28/23 For Sale $1,100,000 +37.5% $344 / Sq Ft
10/29/2021 10/29/21 Sold $800,000 0.0% $250 / Sq Ft View Prior Sale
09/15/2021 09/15/21 For Sale $799,900 +55.8% $250 / Sq Ft
06/20/2016 06/20/16 Sold $513,500 -2.2% $160 / Sq Ft View Prior Sale
04/15/2016 04/15/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $525,000 -- $164 / 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
2023 $13,756 $897,300 $129,700 $767,600
2022 $10,632 $513,500 $129,700 $383,800
2021 $10,564 $513,500 $129,700 $383,800
2020 $10,296 $513,500 $129,700 $383,800
2019 $10,404 $513,500 $129,700 $383,800
2018 $10,176 $513,500 $129,700 $383,800
2017 $9,242 $433,900 $102,600 $331,300
2016 $8,495 $433,900 $102,600 $331,300
2015 $8,029 $433,900 $102,600 $331,300
2014 -- $433,900 $102,600 $331,300
2013 $8,371 $433,900 $102,600 $331,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Alex Filkouski

    Madison Commercial Real Estate LLC

    (608) 422-0884

    1 in this area

    22 Total Sales

    Alex Filkouski
    Section Image
  • Ken Brenner

    Buyer's Agent in 2023

    Ken Brenner

    Stark Company, REALTORS

    (608) 345-9496

    2 in this area

    125 Total Sales

    Ken Brenner
    Section Image

  • J

    Seller's Agent in 2021

    Jeff Fuller

    Real Broker LLC

    Section Image
  • Michael Herl

    Buyer's Agent in 2021

    Michael Herl

    Madison Commercial Real Estate LLC

    (608) 212-4623

    1 in this area

    19 Total Sales

    Michael Herl
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1950767

South Central Wisconsin Multiple Listing Service

APN: 0606-121-0255-3

Wisconsin Dane County Mount Horeb 53572

505 Alan Dr, Mount Horeb, WI

Not Listed for Sale

MultiFamily

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