NOT LISTED FOR SALE

508 W Wilson St Unit 1 Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $772,802 - $834,000

5 Beds
3 Baths
3,023 Sq Ft
$263/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $678,000 $224 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,335/month

6 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Accessible Full Bathroom
  • Hamilton Middle School Rated A
  • Accessible Bedroom
  • 4-minute walk to Brittingham Park

About This Home

As of April 2023

Investment opportunity awaits. Classic 3 unit in highly desirable area. Has not been on the market since the early 1970s, and main floor was owner occupied during that time. Many original fixtures still intact. Upper units have been continuously rented. Will need updating. Boiler replaced in 2021. Metered separately. Room dimensions are approximate, verify if important.

Last Agent to Sell the Property

Melissa Bjerke Markgraf

Stark Company, REALTORS License #55774-90 Listed on: 03/09/2023

Stark Company, REALTORS

Last Buyer's Agent

Diana Hause

Realty Profiles, LLC License #52323-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,638

Year Built

  • Built in 1929

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Dining Room
  • Wood Flooring
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 1 Open Parking Space
  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

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

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating

Additional Features

  • Outdoor Storage
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 0709-231-3336-1

Community Details

Overview

  • 3 Units
  • Original Plat Ne Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,638

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Barrier Free: First floor bedroom, First floor full bath, Level drive, Level lot
  • Items Excluded: Tenant's personal property.
  • Miscellaneous: Shared laundry, Close to bus line
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Units W Ac: 2
  • Number Washers: 1
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 1

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Detached, Outside
  • Utilities: Separate elec meters

Schools

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

Lot Info

  • Estimated Aces: 0.1
  • Zoning: DR2

Tax Info

  • Land Assessment: 139100
  • Improvements: 416100
  • Total Assessment: 555200
  • Assessment year: 2022
  • Net Taxes: 10638
  • Tax Year: 2022
  • Assessor Parcel Number: 0709-231-3336-1

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of3 Bedrooms: 1
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
Apr 28, 2023
Sold by
Jacobs George F
Bought by
Hp Condor Group Llc
Seller's Agent
Melissa Bjerke Markgraf
Stark Company, REALTORS
Buyer's Agent
Diana Hause
Realty Profiles, LLC
List Price
$650,000
Sold Price
$678,000
Premium/Discount to List
$28,000
4.31%
Views
46
Current Estimated Value
$795,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,451
Avg. Annual Appreciation
10.83%
Original Mortgage
$474,600
Outstanding Balance
$463,356
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$385,040
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Hp Condor Group Llc $678,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hp Condor Group Llc $474,600
Previous Owner Jacobs George F $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $678,000 +4.3% $224 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $650,000 -4.1% $215 / Sq Ft
03/09/2023 03/09/23 Off Market $678,000 -- --
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 $23,300 $678,000 $146,100 $531,900
2023 $10,622 $583,000 $146,100 $436,900
2021 $10,980 $528,800 $139,100 $389,700
2020 $10,058 $459,800 $135,000 $324,800
2019 $9,757 $437,900 $119,000 $318,900
2018 $9,783 $437,900 $119,000 $318,900
2017 $10,196 $437,900 $119,000 $318,900
2016 $9,973 $417,000 $108,200 $308,800
2015 $9,410 $378,200 $108,200 $270,000
2014 $8,953 $378,200 $108,200 $270,000
2013 $8,540 $367,200 $102,100 $265,100
Source: Public Records

Agents Affiliated with this Home

  • Melissa Bjerke Markgraf

    Seller's Agent in 2023

    Melissa Bjerke Markgraf

    Stark Company, REALTORS

    (608) 443-4819

    1 in this area

    22 Total Sales

    Melissa Bjerke Markgraf
    Section Image
  • Diana Hause

    Buyer's Agent in 2023

    Diana Hause

    Realty Profiles, LLC

    (608) 217-4957

    12 in this area

    29 Total Sales

    Diana Hause
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1951325

South Central Wisconsin Multiple Listing Service

APN: 0709-231-3336-1

Wisconsin Dane County Madison 53703 Downtown Madison

508 W Wilson St Unit 1, Madison, WI

This home is located at 508 W Wilson St Unit 1, Madison, WI 53703 since 09 March 2023 and is currently estimated at $795,451, approximately $263 per square foot. This property was built in 1929. 508 W Wilson St Unit 1 is a home located in Dane County with nearby schools including Franklin Elementary School, Hamilton Middle School, and West High School.

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