P
Seller's Agent in 2020
Peter Korotev
South Central Non-Member
522 & 524 E Main St Madison, WI 53703
Downtown Madison NeighborhoodEstimated Value: $1,303,000
10
Beds
5
Baths
4,056
Sq Ft
$321/Sq Ft
Est. Value
Highlights
- 0.2 Acre Lot
- Wood Flooring
- Eat-In Kitchen
- Open Floorplan
- Balcony
- 5-minute walk to Law Park
About This Home
As of April 20202 buildings on one parcel. 522 is a two unit with a 2bdrm 1 bath on main floor and a two level 4bdrm 1.5 bath on 2nd and 3rd floor. 1 boiler steam heat. Separate electric meters. 524 is a three flat with 2bdrm 1 bath units on 1st and second floors and a 1 bdrm 1 bath on third floor for $840/mo. Forced air with a/c for each unit and separate gas and electric meters. Parking lot has 10 total parking spaces. 5 are included with the rents and 5 are rented to residents for $50 per month each. All measurements are estimates or per assessor. Verify if important. Tenant Occupied. 24 hr notice for all showings.
Last Agent to Sell the Property
Peter Korotev
South Central Non-Member License #47849-90 Listed on: 02/10/2020
Last Buyer's Agent
Peter Korotev
South Central Non-Member License #47849-90 Listed on: 02/10/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,770
Year Built
- Built in 1880
Lot Details
- 8,712
Home Design
- Duplex
- Brick Exterior Construction
- Wood Siding
Interior Spaces
- Walk-in Shower
- 3-Story Property
- Open Floorplan
- Wood Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Oven or Range
- Dishwasher
Parking
- 10 Open Parking Spaces
- Outside Parking
Accessible Home Design
- Accessible Bedroom
- Low Pile Carpeting
Schools
- Lapham/Marquette Elementary School
- Okeeffe Middle School
- East High School
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
- Individual Controls for Heating
- Water Softener is Owned
Additional Features
- Balcony
- 8,712 Sq Ft Lot
- Property is near a bus stop
Community Details
- 5 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 0709-133-1607-6
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 10, 2020
Closed on
Apr 2, 2020
Sold by
Connelly Patrick J
Bought by
522 & 524 E Main Street Llc
Seller's Agent
Peter Korotev
South Central Non-Member
Buyer's Agent
Peter Korotev
South Central Non-Member
List Price
$924,900
Sold Price
$875,000
Premium/Discount to List
-$49,900
-5.4%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,000
Avg. Annual Appreciation
2.59%
Original Mortgage
$700,000
Outstanding Balance
$626,795
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$376,205
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 522 & 524 E Main Street Llc | $875,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 522 & 524 E Main Street Llc | $700,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2020 04/02/20 | Sold | $875,000 | -5.4% | $216 / Sq Ft |
| 02/12/2020 02/12/20 | Pending | -- | -- | -- |
| 02/10/2020 02/10/20 | For Sale | $924,900 | -- | $228 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
Tax History Compared to Growth
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 | $35,593 | $1,010,000 | $240,000 | $770,000 |
| 2023 | $17,664 | $915,000 | $218,000 | $697,000 |
| 2021 | $18,725 | $875,000 | $180,000 | $695,000 |
| 2020 | $16,435 | $735,000 | $180,000 | $555,000 |
| 2019 | $13,771 | $614,000 | $178,800 | $435,200 |
| 2018 | $13,097 | $585,000 | $178,800 | $406,200 |
| 2017 | $13,569 | $585,000 | $178,800 | $406,200 |
| 2016 | $13,272 | $557,000 | $162,800 | $394,200 |
| 2015 | $12,755 | $505,000 | $162,800 | $342,200 |
| 2014 | $12,157 | $505,000 | $162,800 | $342,200 |
| 2013 | $11,211 | $490,000 | $162,800 | $327,200 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1876699
APN: 0709-133-1607-6
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