NOT LISTED FOR SALE

533 Spruce St Madison, WI 53715

Bay Creek Neighborhood

Estimated Value: $389,000 - $456,000

3 Beds
1.5 Baths
1,264 Sq Ft
$330/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $250,000 $198 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,914/month

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Corner Lot
  • Hamilton Middle School Rated A
  • Sun or Florida Room
  • Den

About This Home

As of June 2018

Affordable 3 bedroom 1.5 bath home on a large corner lot in popular Bay Creek neighborhood. Beautiful home needs a little work and TLC with tons of potential to add value. Main level has large living room with corner gas fireplace and built-ins, formal dining room with attached sun room, french doors, office with attached 1/2 bath, and updated kitchen with maple cabinetry and glass tile backsplash. All bedrooms and full bath upstairs. Unfinished walk-up attic for storage. 2 car detached garage built in 2012. Franklin/Randall, Hamilton, West schools. A great value! *Call Roger at (608) 320-5747 for all showings and status inquiries.

Last Agent to Sell the Property

Stuart Meland

Madcityhomes.Com License #51242-90 Listed on: 05/21/2018

Last Buyer's Agent

Mary Binkley

South Central Non-Member License #50491-90

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,687

Year Built

  • Built in 1922

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot
  • Property is zoned TR-C2

Home Design

  • Cape Cod Architecture
  • Bungalow
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,264 Sq Ft Home
  • 1.5-Story Property
  • Gas Fireplace
  • Den
  • Sun or Florida Room
  • Wood Flooring
  • Block Basement Construction

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Unpaved Parking

Schools

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

Utilities

  • Forced Air Cooling System
  • Water Softener
  • Cable TV Available

Community Details

  • Bay Creek Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,687

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: 1 1/2 story
  • Architecture: Bungalow, Cape Cod
  • Items Included: refrigerator, range, dishwasher, microwave, washer, dryer, water softener, corner cupboard
  • Year Built: 1922
  • Above Grade Sold Price Per Sq Ft: 197.78
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Above Grade Finished Sq Ft: 1264
  • Finished Sq Ft: 1264
  • Bedrooms: 3
  • Main Half Bathrooms: 1
  • Total Full Bathrooms: 1
  • Total Half Bathrooms: 1
  • Master Bedroom: Dimensions: 15x10, On Level: U
  • Bedroom 2: Dimensions: 11x10, On Level: U
  • Bedroom 3: Dimensions: 11x7, On Level: U
  • Kitchen: Dimensions: 12x9, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Dishwasher, Microwave, Disposal
  • Living Room: Dimensions: 19x11, On Level: M
  • Dining Room: Dimensions: 12x9, On Level: M
  • Other Rooms: Den/Office, Sun Room
  • Other Room 1: Den/Office, Dimensions: 9x8, On Level: M
  • Other Room 2: Sun Room, Dimensions: 9x6, On Level: M
  • Laundry: On Level: L
  • Basement: Poured concrete foundatn, Block foundation
  • Fireplace: Gas, 1 fireplace
  • Interior Amenities: Wood or sim. wood floor, Washer, Dryer, Water softener inc, Cable available, At Least 1 tub
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Vinyl, Wood, Brick

Garage/Parking

  • Driveway: Unpaved
  • Garage: 2 car, Detached, Opener
  • Total Full Garage Stalls: 2

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: 0.17
  • Lot Description: Corner
  • Zoning: TR-C2
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 4687
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2018
Closed on
Jun 29, 2018
Sold by
Drott Roger W
Bought by
Drews Michael D and Drews Maria F
Seller's Agent
Stuart Meland
Madcityhomes.Com
Buyer's Agent
Mary Binkley
South Central Non-Member
List Price
$249,900
Sold Price
$250,000
Premium/Discount to List
$100
0.04%
Current Estimated Value
$416,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,964
Avg. Annual Appreciation
7.22%
Original Mortgage
$185,000
Outstanding Balance
$160,685
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$256,279
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
Drews Michael D $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drews Michael D $185,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2018 06/29/18 Sold $250,000 0.0% $198 / Sq Ft
05/24/2018 05/24/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $249,900 -- $198 / 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 $8,649 $264,200 $108,600 $155,600
2023 $4,014 $242,400 $99,600 $142,800
2021 $3,786 $194,200 $83,800 $110,400
2020 $3,232 $156,000 $83,800 $72,200
2019 $3,086 $150,000 $80,600 $69,400
2018 $4,842 $226,800 $66,000 $160,800
2017 $4,687 $202,500 $66,000 $136,500
2016 $4,483 $196,600 $64,100 $132,500
2015 $4,371 $180,000 $53,000 $127,000
2014 $4,152 $180,000 $53,000 $127,000
2013 $3,116 $140,100 $48,200 $91,900
Source: Public Records

Agents Affiliated with this Home

  • Stuart Meland

    Seller's Agent in 2018

    Stuart Meland

    Madcityhomes.Com

    (608) 438-3150

    5 in this area

    562 Total Sales

    Stuart Meland
    Section Image

  • M

    Buyer's Agent in 2018

    Mary Binkley

    South Central Non-Member

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1831208

South Central Wisconsin Multiple Listing Service

APN: 0709-264-0307-6

Wisconsin Dane County Madison 53715 Bay Creek

533 Spruce St, Madison, WI

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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