NOT LISTED FOR SALE

515 Merrill Crest Dr Madison, WI 53705

Glen Oak Hills Neighborhood

Estimated Value: $577,000 - $657,771

5 Beds
2 Baths
2,500 Sq Ft
$251/Sq Ft Est. Value

Sale Details

Date Sold: September 15, 2021

Last sale price $435,000 $174 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,262 / mo

19 Days on Market

Highlights

  • Wood Flooring
  • Bonus Room
  • Attached Garage
  • Spring Harbor Middle School Rated A-
  • Balcony
  • Property is near bus stop

About This Home

As of September 2021

Seize opportunity to cash flow on investment or start rental portfolio by having tenant pay mortgage, building your equity. Well maintained w/ newer siding, windows & roof. Property air sealed & insulated dropping energy bills 30%. Improvements add comfort, save money & make home quiet. Tucked away behind screen of arborvitae provides privacy. Exceptional landscaping w/ rock walls, paths of decking & forest of Emperor ferns. Relax or grill on big & private deck off dining area. Separate entry, garage & basement provides privacy. Sought after near west neighborhood-walk to Hilldale, restaurants, bars, shops & markets. Short bus or bike ride to University or downtown. Rent is under market value since relative provides maintenance & services for low rent. Call Melinda Ferraro at 608-235-1662 for a private showing

Last Agent to Sell the Property

Melinda Ferraro

Restaino & Associates License #55849-94 Listed on: 07/16/2021

Restaino & Associates

Last Buyer's Agent

Luke Bruckner

Collective Real Estate Group License #63334-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,124

Year Built

  • Built in 1976

Lot Details

  • 0.28

Parking

  • Attached Garage

Home Design

  • Duplex
  • Poured Concrete
  • Vinyl Siding
  • Recycled Construction Materials

Interior Spaces

  • Family Room
  • Dining Room
  • Bonus Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Crestwood Elementary School
  • Jefferson Middle School
  • Memorial High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter
  • Water Softener is Owned

Additional Features

  • Balcony
  • 12,197 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-191-0733-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,124

Year Built

Built in 1976

Lot Details

0.28 Acres

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side, Townhouse style units
  • Items Excluded: Sellers Personal Property.
  • Items Included: 2 Refrigerators, 2 Ranges, 2 Microwaves, 2 Washers, 2 Dryers, 2 Water Softeners, 2 Dishwashers.
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard, Partially finished, Poured concrete foundatn
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number Units W Ac: 2
  • Number Washers: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Vinyl

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Crestwood
  • High School: Memorial
  • Middle School: Jefferson
  • School District: Madison

Lot Info

  • Estimated Aces: 0.28
  • Zoning: RES
  • Geo Subdivision: WI

Green Features

  • Energy Efficient Green: Reclaim/Recycle Content

Tax Info

  • Net Taxes: 6124
  • Tax Year: 2020
  • Assessor Parcel Number: 0709-191-0733-8

Multi Family

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

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

Closed on
Nov 5, 2025
Sold by
Bought by
Current Estimated Value
$627,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,875
Outstanding Balance
$436,875
Interest Rate
6.34%
Mortgage Type
New Conventional
Estimated Equity
$190,568

Purchase Details

Listed on
Jul 16, 2021
Closed on
Sep 15, 2021
Sold by
Bought by
Seller's Agent
Melinda Ferraro
Restaino & Associates
Buyer's Agent
Luke Bruckner
Collective Real Estate Group
List Price
$375,000
Sold Price
$435,000
Premium/Discount to List
$60,000
16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.98%
Original Mortgage
$348,000
Interest Rate
2.7%
Mortgage Type
Commercial
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

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
$582,500 Knight Barry Title
$435,000 Nations Title
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 $436,875
Previous Owner $348,000
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
09/15/2021 09/15/21 Sold $435,000 +16.0% $174 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $375,000 -13.8% $150 / Sq Ft
07/18/2021 07/18/21 Off Market $435,000 -- --
07/16/2021 07/16/21 For Sale $375,000 -- $150 / 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 $10,704 $593,300 $144,300 $449,000
2024 $18,393 $539,400 $144,300 $395,100
2023 $8,547 $490,400 $131,200 $359,200
2022 $16,474 $434,000 $116,100 $317,900
2021 $6,222 $307,500 $105,500 $202,000
2020 $6,601 $284,700 $97,700 $187,000
2019 $6,615 $284,700 $97,700 $187,000
2018 $6,067 $258,800 $92,200 $166,600
2017 $5,790 $235,300 $86,200 $149,100
2016 $5,477 $215,900 $79,100 $136,800
2015 $4,727 $190,400 $73,900 $116,500
2014 $4,404 $190,400 $73,900 $116,500
2013 $4,210 $190,400 $71,100 $119,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Melinda Ferraro

    Restaino & Associates

    (608) 235-1662

    1 in this area

    19 Total Sales

    Melinda Ferraro
    Section Image
  • Luke Bruckner

    Buyer's Agent in 2021

    Luke Bruckner

    Collective Real Estate Group

    (608) 445-9852

    4 in this area

    245 Total Sales

    Luke Bruckner
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1914908

South Central Wisconsin Multiple Listing Service

APN: 0709-191-0733-8

Wisconsin Dane County Madison 53705 Glen Oak Hills

515 Merrill Crest Dr, 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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