NOT LISTED FOR SALE

511 E Johnson St Unit 1 Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $353,159 - $457,000

3 Beds
2 Baths
784 Sq Ft
$493/Sq Ft Est. Value

Last Sold February 02, 2018

Last sale price $205,000 $261 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,941/month

64 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating System
  • 2-minute walk to James Madison Park
  • Property is near bus stop

About This Home

As of February 2018

MVP $199,900-$219,900. Downtown 2-flat perfect for an owner occupy or investment property. Great location near James Madison Park & just a few blocks from the square. Recent updates include newer concrete driveway, roof, vinyl windows, water heater & furnace. Property is being sold as is. Set up a showing today!

Last Agent to Sell the Property

Josh Lamp

Berkshire Hathaway HomeServices True Realty License #60880-94 Listed on: 11/05/2017

Berkshire Hathaway HomeServices True Realty

Co-Listed By

Bailey Fedler

Berkshire Hathaway HomeServices True Realty License #77651-94

Last Buyer's Agent

Kyle Humphrey

First Weber, Inc License #58621-90

First Weber, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,428

Year Built

  • Built in 1894

Lot Details

  • 3,049

Parking

  • 2 Open Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Schools

  • Lapham/Marquette Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Forced Air Heating System
  • Separate Meters

Additional Features

  • Basement Fills Entire Space Under The House
  • 3,049 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-133-1415-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,428

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Miscellaneous: Close to bus line
  • Year Built: 1894
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces
  • Utilities: Separate elec meters, Separate gas meters

Schools

  • Elementary School: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.07
  • Zoning: DR1
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 4428
  • Tax Year: 2016
  • Assessor Parcel Number: 0709-133-1415-3

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 1
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2017
Closed on
Feb 2, 2018
Sold by
Sheib Investments Corp
Bought by
Humphrey Joseph G
Seller's Agent
Josh Lamp
Berkshire Hathaway HomeServices True Realty
Buyer's Agent
Kyle Humphrey
First Weber, Inc
List Price
$275,000
Sold Price
$205,000
Premium/Discount to List
-$70,000
-25.45%
Current Estimated Value
$386,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,290
Avg. Annual Appreciation
8.34%
Original Mortgage
$194,750
Outstanding Balance
$164,728
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$221,562
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
Humphrey Joseph G $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Humphrey Joseph G $194,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2018 02/02/18 Sold $205,000 +2.6% $261 / Sq Ft
01/05/2018 01/05/18 Price Changed $199,900 -22.8% $255 / Sq Ft
11/21/2017 11/21/17 Price Changed $259,000 -5.8% $330 / Sq Ft
11/05/2017 11/05/17 For Sale $275,000 -- $351 / 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 $11,004 $315,500 $119,900 $195,600
2023 $5,154 $286,800 $119,900 $166,900
2021 $4,674 $221,400 $111,000 $110,400
2020 $4,527 $205,000 $107,800 $97,200
2019 $4,545 $205,000 $80,200 $124,800
2018 $4,244 $191,900 $80,200 $111,700
2017 $5,200 $191,900 $80,200 $111,700
2016 $4,684 $182,800 $72,900 $109,900
2015 $4,348 $174,100 $72,900 $101,200
2014 $4,140 $174,100 $72,900 $101,200
2013 $3,780 $167,400 $68,800 $98,600
Source: Public Records

Agents Affiliated with this Home

  • Josh Lamp

    Seller's Agent in 2018

    Josh Lamp

    Berkshire Hathaway HomeServices True Realty

    (608) 239-2559

    6 in this area

    285 Total Sales

    Josh Lamp
    Section Image
  • Bailey Fedler

    Seller Co-Listing Agent in 2018

    Bailey Fedler

    Berkshire Hathaway HomeServices True Realty

    (608) 770-7194

    6 in this area

    114 Total Sales

    Bailey Fedler
    Section Image

  • K

    Buyer's Agent in 2018

    Kyle Humphrey

    First Weber, Inc

    (608) 843-4017

    11 Total Sales

    Kyle Humphrey
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1817802

South Central Wisconsin Multiple Listing Service

APN: 0709-133-1415-3

Wisconsin Dane County Madison 53703 Downtown Madison

511 E Johnson St Unit 1, Madison, WI

Not Listed for Sale

MultiFamily

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