NOT LISTED FOR SALE

505 Walter St Madison, WI 53714

Eastmorland Neighborhood

Estimated Value: $364,000 - $388,950

3 Beds
1 Bath
1,208 Sq Ft
$314/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $180,000 $149 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,360/month

14 Days on Market

Highlights

  • Water Views
  • Ranch Style House
  • Sun or Florida Room
  • Property is near park and bus stop
  • Wood Flooring
  • 1-minute walk to Olbrich Park

About This Home

As of March 2017

A very rare opportunity! Own a home with large picture window view of Olbrich Park AND Lake Monona! Ranch home w/ hardwood floors throughout. LR picture window replaced in 2010. 2 car garage built in 2016. Close to bus line, school, and shops. Corner lot with sidewalk on just one side. Buy to fix up, or use as a rental property. Needs a lot of work, but the right buyer could turn this 1950's home into a charmer... Great location...Don't miss out on this one! TV in living room included. *Addition is sinking and will need to be torn down or re-built. *

Last Agent to Sell the Property

Morgan Pechauer

JMP Properties License #58993-90 Listed on: 02/08/2017

Last Buyer's Agent

Jim Lampe

Havenwood Realty License #55423-90

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,097

Year Built

  • Built in 1955

Lot Details

  • 10,019 Sq Ft Lot
  • Corner Lot
  • Property is zoned TR-C2

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,208 Sq Ft Home
  • Sun or Florida Room
  • Wood Flooring
  • Water Views

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • Detached Garage
  • Garage Door Opener

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

  • Schenk Elementary School
  • Whitehorse Middle School
  • Lafollette High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener

Additional Features

  • Air Cleaner
  • Property is near park and bus stop

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,097

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: 1 story
  • Architecture: Ranch
  • Barrier Free: First floor bedroom, First floor full bath
  • Items Included: TV and mount in LR, Washer, Dryer, Window Coverings, Dehumidifier, Oven/Range, Microwave, Refrigerator.
  • Year Built: 1955
  • Above Grade Sold Price Per Sq Ft: 149.01
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Above Grade Finished Sq Ft: 1208
  • Finished Sq Ft: 1208
  • Bedrooms: 3
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 14x10, On Level: M
  • Bedroom 2: Dimensions: 11x11, On Level: M
  • Bedroom 3: Dimensions: 11x10, On Level: M
  • Kitchen: Dimensions: 12x11, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Microwave, Disposal
  • Living Room: Dimensions: 19x12, On Level: M
  • Other Rooms: Sun Room
  • Other Room 1: Sun Room, Dimensions: 14x11
  • Laundry: On Level: L
  • Basement: Full, Sump pump
  • Interior Amenities: Wood or sim. wood floor, Washer, Dryer, Air cleaner, Water softener inc, At Least 1 tub
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Waterfront: Waterview-No frontage
  • Exterior: Vinyl

Garage/Parking

  • Driveway: Paved
  • Garage: 2 car, Detached, Opener
  • Total Full Garage Stalls: 2

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Forced air
  • Water Waste: Municipal water, Municipal sewer

Schools

  • Elementary School: Schenk
  • High School: Lafollette
  • Middle School: Whitehorse
  • School District: Madison

Lot Info

  • Estimated Aces: 0.23
  • Lot Description: Corner, Close to busline, Adjacent park/public land
  • Zoning: TR-C2
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 3097
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2017
Closed on
Mar 31, 2017
Sold by
Keller Christopher P
Bought by
Carey Robert
Seller's Agent
Morgan Pechauer
JMP Properties
Buyer's Agent
Jim Lampe
Havenwood Realty
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%
Current Estimated Value
$378,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,738
Avg. Annual Appreciation
8.85%
Original Mortgage
$216,000
Outstanding Balance
$179,201
Interest Rate
4.1%
Mortgage Type
Credit Line Revolving
Estimated Equity
$199,537

Purchase Details

Closed on
Nov 3, 2009
Sold by
Gugger Dora
Bought by
Keller Christopher P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
5.11%
Mortgage Type
Seller Take Back
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
Carey Robert $180,000 Knight Barry Title Services
Keller Christopher P $130,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carey Robert $216,000
Previous Owner Keller Christopher P $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2017 03/31/17 Sold $180,000 -4.8% $149 / Sq Ft
02/22/2017 02/22/17 Pending -- -- --
02/08/2017 02/08/17 For Sale $189,000 -- $156 / 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 $5,014 $297,100 $78,900 $218,200
2022 $10,078 $272,600 $72,400 $200,200
2021 $4,663 $235,000 $72,400 $162,600
2020 $4,571 $215,600 $66,400 $149,200
2019 $4,290 $203,400 $62,600 $140,800
2018 $3,788 $180,000 $62,600 $117,400
2017 $3,679 $167,000 $50,800 $116,200
2016 $3,782 $151,800 $46,200 $105,600
2015 $3,097 $136,400 $46,200 $90,200
2014 $3,095 $136,400 $46,200 $90,200
2013 $3,348 $148,400 $46,200 $102,200
Source: Public Records

Agents Affiliated with this Home

  • Morgan Pechauer

    Seller's Agent in 2017

    Morgan Pechauer

    JMP Properties

    (608) 770-9875

    1 in this area

    35 Total Sales

    Morgan Pechauer
    Section Image

  • J

    Buyer's Agent in 2017

    Jim Lampe

    Havenwood Realty

    (608) 445-3055

    13 Total Sales

    Jim Lampe
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1794533

South Central Wisconsin Multiple Listing Service

APN: 0710-081-0215-6

Wisconsin Dane County Madison 53714 Eastmorland

505 Walter St, Madison, WI

Not Listed for Sale

Detached

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