NOT LISTED FOR SALE

5215 Wallace Ave Unit A Monona, WI 53716

Estimated Value: $397,000 - $460,000

4 Beds
2 Baths
1,680 Sq Ft
$257/Sq Ft Est. Value

Last Sold November 30, 2021

Last sale price $336,000 $200 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,005/month

3 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Winnequah School Rated A-
  • Outdoor Storage
  • Washer and Dryer

About This Home

As of November 2021

Wonderful opportunity in Monona to own an income property! Live in one side and rent out the other?! Beautiful brick ranch two unit with easy access to Monona Drive, the Beltline and Stoughton Road. close to Winnequah Park, the Monona Pool, library, the lake loop and the Dream Park. The unfinished basement has large separate storage areas for each unit and Unit B has an open concept kitchen, an updated bathroom and is vacant. Unit A has tenants through June 2022. This may be the opportunity you've been waiting for!!

Last Agent to Sell the Property

Peter Waite

Stark Company, REALTORS License #57484-90 Listed on: 10/21/2021

Stark Company, REALTORS

Last Buyer's Agent

Janna Kohl

Coldwell Banker Real Estate Group License #57135-94

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,661

Year Built

  • Built in 1962

Lot Details

  • 9,583

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Laundry

  • Laundry in unit
  • Washer and Dryer

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Schools

  • Winnequah Elementary School
  • Glacial Drumlin Middle School
  • Monona Grove High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating

Additional Features

  • Wood Flooring
  • Outdoor Storage
  • 9,583 Sq Ft Lot

Community Details

  • 2 Units
  • Net Operating Income $16,840

Listing and Financial Details

  • Assessor Parcel Number 0710-174-7331-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,661

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Municipality: Monona
  • Status Detail: Sold
  • Mailing City: Monona
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side
  • Items Excluded: Seller and tenant's personal items.
  • Items Included: Two ranges/ovens, two refrigerators, two washers, two dryers, all window coverings, cabinet in unit B kitchen.
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Dryers: 2
  • Number Furnaces: 2
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Units W Ac: 1
  • Number Washers: 2
  • Number Water Heaters: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

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, Outside
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 7760

Schools

  • School District: Monona Grove
  • Elementary School: Winnequah
  • Middle School: Glacial Drumlin
  • High School: Monona Grove
  • Elementary School: Winnequah
  • High School: Monona Grove
  • Middle School: Glacial Drumlin
  • School District: Monona Grove

Lot Info

  • Estimated Aces: 0.22
  • Zoning: Res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 24600

Tax Info

  • Land Assessment: 67100
  • Improvements: 208500
  • Total Assessment: 275600
  • Assessment year: 2020
  • Net Taxes: 5661
  • Tax Year: 2020
  • Assessor Parcel Number: 0710-174-7331-2

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2023
Sold by
Neylan Thomas John and Neylan Cynthia Marie
Bought by
Neylan Living Trust
Current Estimated Value
$431,313

Purchase Details

Listed on
Oct 21, 2021
Closed on
Nov 30, 2021
Sold by
Eccles Kathleen J
Bought by
Neylan Thomas John and Neylan Cynthia Marie
Seller's Agent
Peter Waite
Stark Company, REALTORS
Buyer's Agent
Janna Kohl
Coldwell Banker Real Estate Group
List Price
$325,000
Sold Price
$336,000
Premium/Discount to List
$11,000
3.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$252,000
Interest Rate
3.09%
Mortgage Type
New Conventional
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
Neylan Living Trust -- --
Neylan Thomas John $336,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neylan Thomas John $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $336,000 +3.4% $200 / Sq Ft
10/21/2021 10/21/21 For Sale $325,000 -- $193 / 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 $7,222 $415,400 $73,800 $341,600
2023 $7,137 $387,200 $67,100 $320,100
2021 $5,504 $275,600 $67,100 $208,500
2020 $5,661 $275,600 $67,100 $208,500
2019 $5,406 $253,100 $67,100 $186,000
2018 $5,052 $234,600 $67,100 $167,500
2017 $4,811 $218,500 $67,100 $151,400
2016 $4,635 $208,900 $67,100 $141,800
2015 $4,008 $189,800 $48,000 $141,800
2014 $3,951 $184,500 $48,000 $136,500
2013 $3,706 $169,500 $48,000 $121,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1922361

South Central Wisconsin Multiple Listing Service

APN: 0710-174-7331-2