NOT LISTED FOR SALE

508 W Doty St Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $918,000 - $1,037,412

8 Beds
3 Baths
3,296 Sq Ft
$289/Sq Ft Est. Value

Last Sold October 26, 2016

Last sale price $395,000 $120 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $5,990/month

161 Days on Market

Highlights

  • Den
  • Balcony
  • Accessible Bedroom
  • Hamilton Middle School Rated A
  • Eat-In Kitchen
  • 5-minute walk to Brittingham Park

About This Home

As of October 2016

3-unit in Bassett neighborhood with 3.5 parking outdoor stalls and off-street parking in developing area. Large units with strong rental history. Electricity upgraded in 2013, all tenants pay own electric. Tenants pay electric, cooking gas, and hot water. 3 water heaters, 4 gas meters, 3 electric meters, and 1 boiler w/ in-unit control. Unit 1&3: New range/oven and new dishwasher 2015, new efficient toilet 2014. Unit 2: New range/oven 2016, new garbage disposal 2014, new dishwasher 2014. Front porch is completely rebuilt. Building sold AS-IS More info at thealvaradogroup.com. Please call Kate at 608.213.4203 to set up a showing.

Last Agent to Sell the Property

Kate Weis

Lauer Realty Group, Inc. License #57935-90 Listed on: 04/14/2016

Last Buyer's Agent

Chris Heck

South Central Non-Member License #78985-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,665

Year Built

  • Built in 1912

Lot Details

  • 3,049

Parking

  • Outside Parking

Home Design

  • Duplex
  • Stucco Exterior

Interior Spaces

  • 3-Story Property
  • Family Room
  • Den
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters
  • Water Softener Leased

Additional Features

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

Community Details

  • 3 Units
  • Laundry Facilities
  • Net Operating Income $36,580

Listing and Financial Details

  • Assessor Parcel Number 0709-231-3235-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,665

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story, 2 flat-up and down
  • Barrier Free: First floor bedroom, First floor full bath
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Rented
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 3

Exterior Features

  • Exterior: Stucco

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

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

Fee Information

  • Total Expenses: 13100

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: 49680

Tax Info

  • Net Taxes: 9665
  • Tax Year: 2015
  • Assessor Parcel Number: 0709-231-3235-5

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 2
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2020
Sold by
415 West Doty Llc
Bought by
Quryshi Mior Ismail
Current Estimated Value
$953,603

Purchase Details

Closed on
Mar 16, 2019
Sold by
Quryshi Mir Ismail
Bought by
415 West Doty Llc

Purchase Details

Closed on
Apr 12, 2018
Sold by
Rhi Properties Llc
Bought by
Quryshi Mir Ismail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,250
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2016
Closed on
Oct 26, 2016
Sold by
Redstart Holdings Llc
Bought by
Rhi Properties Llc
Seller's Agent
Kate Weis
Lauer Realty Group, Inc.
Buyer's Agent
Chris Heck
South Central Non-Member
List Price
$500,000
Sold Price
$395,000
Premium/Discount to List
-$105,000
-21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$296,250
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 8, 2013
Closed on
Oct 1, 2013
Sold by
Keller Doty Llc
Bought by
Redstart Holdings Llc
Seller's Agent
David Keller
Keller Real Estate, LLC
Buyer's Agent
Kate Weis
Lauer Realty Group, Inc.
List Price
$429,000
Sold Price
$385,000
Premium/Discount to List
-$44,000
-10.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.84%
Original Mortgage
$538,800
Interest Rate
4.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 11, 2010
Sold by
Keller Robert H
Bought by
Keller Doty Llc

Purchase Details

Closed on
Aug 15, 2005
Sold by
Vanle Tu Van and Le Tuyet Dp
Bought by
Keller Robert
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
Quryshi Mior Ismail -- None Available
415 West Doty Llc -- None Available
Quryshi Mir Ismail $599,000 First American Title
Rhi Properties Llc $395,000 Attorney
Redstart Holdings Llc $780,000 None Available
Keller Doty Llc -- None Available
Keller Robert $415,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quryshi Mir Ismail $449,250
Previous Owner Rhi Properties Llc $296,250
Previous Owner Redstart Holdings Llc $538,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/26/2016 10/26/16 Sold $395,000 -21.0% $120 / Sq Ft
09/22/2016 09/22/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $500,000 +29.9% $152 / Sq Ft
10/01/2013 10/01/13 Sold $385,000 -10.3% $117 / Sq Ft View Prior Sale
07/25/2013 07/25/13 Pending -- -- --
04/08/2013 04/08/13 For Sale $429,000 -- $130 / 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 $30,093 $853,400 $116,600 $736,800
2023 $14,513 $797,600 $116,600 $681,000
2021 $15,466 $723,400 $111,000 $612,400
2020 $14,053 $629,000 $107,800 $521,200
2019 $13,432 $599,000 $89,000 $510,000
2018 $9,831 $440,000 $89,000 $351,000
2017 $9,778 $422,500 $89,000 $333,500
2016 $10,048 $422,500 $80,900 $341,600
2015 $9,665 $383,200 $80,900 $302,300
2014 $9,206 $383,200 $80,900 $302,300
2013 $8,493 $372,000 $76,300 $295,700
Source: Public Records

Agents Affiliated with this Home

  • Kate Weis

    Seller's Agent in 2016

    Kate Weis

    Lauer Realty Group, Inc.

    (608) 213-4203

    2 in this area

    36 Total Sales

    Kate Weis
    Section Image

  • C

    Buyer's Agent in 2016

    Chris Heck

    South Central Non-Member

  • David Keller

    Seller's Agent in 2013

    David Keller

    Keller Real Estate, LLC

    (608) 227-6543

    5 in this area

    14 Total Sales

    David Keller
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1772754

South Central Wisconsin Multiple Listing Service

APN: 0709-231-3235-5

Wisconsin Dane County Madison 53703 Downtown Madison

508 W Doty St, Madison, WI

Not Listed for Sale

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