NOT LISTED FOR SALE

Estimated Value: $1,402,000

10 Beds
5 Baths
4,056 Sq Ft
$346/Sq Ft Est. Value

Sale Details

Date Sold: April 2, 2020

Last sale price $875,000 $216 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $9,378 / mo

2 Days on Market

Highlights

  • 0.2 Acre Lot
  • Open Floorplan
  • Main Floor Bedroom
  • Marquette Elementary Rated A-
  • Wood Flooring
  • 5-minute walk to Law Park

About This Home

As of April 2020

2 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

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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

  • 3-Story Property
  • Open Floorplan
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Walk-in Shower

Parking

  • 10 Open Parking Spaces
  • Outside Parking

Accessible Home Design

  • Handicap Shower
  • 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 bus stop

Community Details

  • 5 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-133-1607-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,770

Year Built

Built in 1880

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story, 2 houses on 1 lot
  • Barrier Free: Open floor plan, First floor bedroom, Stall shower, Low pile or no carpeting
  • Items Excluded: Laundry at 524 E. Main is leased.
  • Items Included: 1 washer and 1 dryer included at 522 E. Main.
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 1
  • Number Dryers: 1
  • Number Units W Ac: 3
  • Number Washers: 1
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Wood, Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 10

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside
  • 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: 0.2
  • Zoning: DR1- HIS
  • Geo Subdivision: WI

Rental Info

  • Total Income: 69840

Tax Info

  • Net Taxes: 13770
  • Tax Year: 2019
  • Assessor Parcel Number: 0709-133-1607-6

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 3
  • Number Of3 Bedrooms: 1
  • Number Of Units: 5

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
Aug 25, 2025
Sold by
Bought by
Current Estimated Value
$1,402,000

Purchase Details

Listed on
Feb 10, 2020
Closed on
Apr 2, 2020
Sold by
Bought by
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%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%
Original Mortgage
$700,000
Interest Rate
3.4%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,283,000 First American Title
$875,000 First American 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
Previous Owner $700,000
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
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

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 $19,882 $1,070,600 $240,000 $830,600
2024 $35,593 $1,010,000 $240,000 $770,000
2023 $17,664 $915,000 $218,000 $697,000
2022 $34,507 $875,000 $198,000 $677,000
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

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1876699

South Central Wisconsin Multiple Listing Service

APN: 0709-133-1607-6

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