NOT LISTED FOR SALE

5318 S Ridge Way Middleton, WI 53562

Orchid Heights Neighborhood

Estimated Value: $503,000 - $556,000

3 Beds
1 Bath
1,200 Sq Ft
$444/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $390,000 $325 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,444/month

Highlights

  • Eat-In Kitchen
  • Accessible Bedroom
  • Property is near a bus stop
  • Northside Elementary School Rated A
  • Accessible Full Bathroom
  • Forced Air Heating and Cooling System

About This Home

As of February 2021

Current sellers have owned this duplex with both sides featuring 3 BR, 1 BA on a 0.278 ac lot, for the past 25 years and have had no vacancies! Supremely cared for duplex in the Middleton school district with close proximity to the Middleton trail system and county parks and on a direct bus route to campus & the Capitol Square. Not your normal duplex in condition and upgrades! Seeing is believing!! 5320 is 1150 sf and 5318 is 1200 sf in size. Recent upgrades include: carpeting, water heater, concrete patio, water softener, and cedar siding power-washed and stained. Windows, A/C, kitchen, patio doors, and interior paint also have been completed recently. Rent for 5320 could be quite a bit higher. Perfect owner occupied unit!

Last Agent to Sell the Property

Mike Adler

Restaino & Associates License #28892-94 Listed on: 12/27/2020

Restaino & Associates

Last Buyer's Agent

Seller Sold Listing

Seller Sold Listings

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,018

Year Built

  • Built in 1968

Lot Details

  • 0.28 Acre Lot
  • Level Lot

Home Design

  • Duplex
  • Poured Concrete
  • Wood Siding

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • 4 Open Parking Spaces
  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

  • Northside Elementary School
  • Kromrey Middle School
  • Middleton High School

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near a bus stop

Community Details

  • 2 Units
  • Orchid Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0709-062-6325-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,018

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Municipality: Middleton
  • Status Detail: Sold
  • Mailing City: Middleton
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side
  • Barrier Free: First floor bedroom, First floor full bath, Level drive, Level lot
  • Items Excluded: All personal belongings of Sellers and Tenants.
  • Items Included: Refrig (2), Range/Oven (2), Microwave, Dishwasher (2), Washers (3), Dryer (3), Water Softener (s), Basement Refrig (1)
  • Miscellaneous: Close to bus line, Water Softener Owned, Internet - Cable, Internet - Fiber Avail
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Dish Washers: 2
  • Number Dryers: 3
  • Number Furnaces: 2
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 3
  • Number Water Heaters: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 4

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters

Schools

  • School District: Middleton-Cross Plains
  • Elementary School: Northside
  • Middle School: Kromrey
  • High School: Middleton
  • Elementary School: Northside
  • High School: Middleton
  • Middle School: Kromrey
  • School District: Middleton-Cross Plains

Lot Info

  • Estimated Aces: 0.28
  • Zoning: R2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 13800

Tax Info

  • Land Assessment: 90700
  • Improvements: 201300
  • Total Assessment: 292000
  • Assessment year: 2020
  • Net Taxes: 6018
  • Tax Year: 2020
  • Assessor Parcel Number: 0709-062-6325-2

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2020
Closed on
Feb 1, 2021
Sold by
Hirth Thomas J and Hirth Kolby C
Bought by
Parker Michael and Parker Lesley M
Seller's Agent
Mike Adler
Restaino & Associates
Buyer's Agent
Seller Sold Listing
Seller Sold Listings
List Price
$419,900
Sold Price
$390,000
Premium/Discount to List
-$29,900
-7.12%
Current Estimated Value
$532,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,270
Avg. Annual Appreciation
6.11%
Original Mortgage
$306,000
Outstanding Balance
$276,353
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$237,846
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
Parker Michael $390,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parker Michael $306,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2021 02/01/21 Sold $390,000 -7.1% $325 / Sq Ft
12/27/2020 12/27/20 For Sale $419,900 -- $350 / 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 $7,466 $402,400 $110,300 $292,100
2023 $6,798 $402,400 $110,300 $292,100
2021 $5,925 $292,000 $90,700 $201,300
2020 $5,944 $292,000 $90,700 $201,300
2019 $5,617 $292,000 $90,700 $201,300
2018 $5,157 $292,000 $90,700 $201,300
2017 $4,697 $232,300 $90,700 $141,600
Source: Public Records

Agents Affiliated with this Home

  • Mike Adler

    Seller's Agent in 2021

    Mike Adler

    Restaino & Associates

    (608) 235-5115

    5 in this area

    190 Total Sales

    Mike Adler
    Section Image

  • S

    Buyer's Agent in 2021

    Seller Sold Listing

    Seller Sold Listings

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1899732

South Central Wisconsin Multiple Listing Service

APN: 0709-062-6325-2

Wisconsin Dane County Middleton 53562 Orchid Heights

5318 S Ridge Way, Middleton, WI

This home is located at 5318 S Ridge Way, Middleton, WI 53562 since 27 December 2020 and is currently estimated at $532,270, approximately $443 per square foot. This property was built in 1968. 5318 S Ridge Way is a home located in Dane County with nearby schools including Northside Elementary School, Kromrey Middle School, and Middleton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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