NOT LISTED FOR SALE

505 Walter St Madison, WI 53714

Eastmorland Neighborhood

Estimated Value: $325,000 - $405,000

3 Beds
1 Bath
1,208 Sq Ft
$313/Sq Ft Est. Value

Sale Details

Date Sold: March 31, 2017

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

Est. 110% increase in value since last sale

Current estimated payment $2,582 / mo

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

Keller Williams Realty Signature License #55423-90

Keller Williams Realty Signature

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

10,019 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2017
Closed on
Mar 31, 2017
Sold by
Bought by
Seller's Agent
Morgan Pechauer
JMP Properties
Buyer's Agent
Jim Lampe
Keller Williams Realty Signature
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%
Current Estimated Value
$377,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,909
Avg. Annual Appreciation
8.27%
Original Mortgage
$216,000
Interest Rate
0.041%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 3, 2009
Sold by
Bought by

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
0.0511%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$180,000 Knight Barry Title Services
$130,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $85,000
Open $219,300
Closed $216,000
Previous Owner $65,000
Previous Owner $81,151
Previous Owner $100,000
Previous Owner $30,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $6,275 $355,900 $88,700 $267,200
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

    34 Total Sales

    Morgan Pechauer
    Section Image

  • J

    Buyer's Agent in 2017

    Jim Lampe

    Keller Williams Realty Signature

    (608) 445-3055

    10 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

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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.

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