NOT LISTED FOR SALE

515 W Olin Ave Madison, WI 53715

Bay Creek Neighborhood

Estimated Value: $414,106 - $517,000

3 Beds
2 Baths
1,629 Sq Ft
$289/Sq Ft Est. Value

Last Sold April 14, 2020

Last sale price $300,000 $184 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,928/month

4 Days on Market

Highlights

  • Second Kitchen
  • 0.32 Acre Lot
  • Wood Flooring
  • Hamilton Middle School Rated A
  • Wooded Lot
  • 5-minute walk to Bernie's Beach

About This Home

As of April 2020

Fine opportunity for new homeowner or investor. Single family at the moment, yet in a matter of minutes it can be converted back to the 2 flat that it was for many years. So, buy it and let a friend, relative, or tenant help pay your mortgage. Or, just move in and enjoy the double lot with mature trees, garden shed, off street parking, a quick walk to the swimming pool and Olin Park. 2, 3, or 4 bedrooms, depending on how you want to use it. 2 baths, 2 kitchens, large sun room to enjoy the gorgeous back yard from, loads of character, hardwoods, full basement, great long term neighbors and neighborhood. Ride your bike easily downtown or to UW campus, handy beltline access. Laundry in lower level, 2 water heaters, separate electrical panels, new furnace.

Last Agent to Sell the Property

Ruth Wangerin

EXP Realty, LLC License #57198-90 Listed on: 03/04/2020

EXP Realty, LLC

Co-Listed By

Mary Binkley

South Central Non-Member License #50491-90

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,994

Year Built

  • Built in 1904

Lot Details

  • 0.32 Acre Lot
  • Fenced Yard
  • Wooded Lot
  • Property is zoned TR-C4

Parking

  • Paved Parking

Home Design

  • Poured Concrete
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,629 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Den
  • Sun or Florida Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Second Kitchen
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Storage
  • Storage Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • Air Cleaner
  • Dwelling with Separate Living Area
  • Property is near bus stop

Community Details

  • Bay Creek Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,994

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: 2 story
  • Items Excluded: Seller's Personal Property
  • Items Included: 2 - Range/Oven, 2 - Refrigerator, 1 - Dishwasher, Window Coverings, Washer, Dryer
  • Year Built: 1904
  • Above Grade Sold Price Per Sq Ft: 184.16
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Above Grade Finished Sq Ft: 1629
  • Finished Sq Ft: 1629
  • Bedrooms: 3
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 2
  • Master Bedroom: Dimensions: 13x13, On Level: M
  • Bedroom 2: Dimensions: 13x8, On Level: M
  • Bedroom 3: Dimensions: 12x17, On Level: U
  • Kitchen: Dimensions: 15x13, On Level: M
  • Kitchen Features: Kitchen Island, Range/Oven, Refrigerator, Dishwasher, Microwave
  • Living Room: Dimensions: 18x12, On Level: M
  • Other Rooms: Den/Office, Foyer, Second Kitchen, Sun Room
  • Other Room 1: Sun Room, Dimensions: 13x10, On Level: M
  • Other Room 2: Foyer, Dimensions: 7x6, On Level: M
  • Other Room 3: Second Kitchen, Dimensions: 11x9, On Level: U
  • Other Room 4: Den/Office, Dimensions: 13x12, On Level: U
  • Laundry: Dimensions: 15x13, On Level: L
  • Basement: Full, Poured concrete foundatn
  • Interior Amenities: Wood or sim. wood floor, Washer, Dryer, Air cleaner, Jetted bathtub, Cable available, Separate living quarters
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Vinyl, Wood
  • Exterior Features: Fenced Yard, Storage building

Garage/Parking

  • Driveway: Paved

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Forced air, Central air
  • Water Waste: Municipal water, Municipal sewer

Schools

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

Lot Info

  • Estimated Aces: 0.32
  • Lot Description: Wooded, Close to busline
  • Zoning: TR-C4
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 4994
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2020
Closed on
Apr 11, 2020
Sold by
Liem Amy
Bought by
Falk Marin G
Seller's Agent
Ruth Wangerin
EXP Realty, LLC
List Price
$285,000
Sold Price
$300,000
Premium/Discount to List
$15,000
5.26%
Current Estimated Value
$470,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,027
Avg. Annual Appreciation
8.12%
Original Mortgage
$285,000
Outstanding Balance
$251,512
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$218,516
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
Falk Marin G $300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Falk Marin G $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2020 04/14/20 Sold $300,000 +5.3% $184 / Sq Ft
03/08/2020 03/08/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $285,000 -- $175 / 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
2023 $5,597 $324,000 $102,900 $221,100
2022 $11,335 $300,000 $95,300 $204,700
2021 $6,061 $300,000 $86,600 $213,400
2020 $4,998 $234,600 $86,600 $148,000
2019 $4,994 $234,600 $86,600 $148,000
2018 $4,328 $204,000 $113,200 $90,800
2017 $4,316 $194,300 $113,200 $81,100
2016 $4,428 $194,300 $113,200 $81,100
2015 $4,500 $194,300 $98,000 $96,300
2014 $4,498 $194,300 $98,000 $96,300
2013 $3,892 $176,600 $89,100 $87,500
Source: Public Records

Agents Affiliated with this Home

  • Ruth Wangerin

    Seller's Agent in 2020

    Ruth Wangerin

    EXP Realty, LLC

    (608) 444-5360

    65 Total Sales

    Ruth Wangerin
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    Mary Binkley

    South Central Non-Member

See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1878470

South Central Wisconsin Multiple Listing Service

APN: 0709-264-0203-6

Wisconsin Dane County Madison 53715 Bay Creek

515 W Olin Ave, Madison, WI

Not Listed for Sale

Detached

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