NOT LISTED FOR SALE

5402 S Ridge Way Middleton, WI 53562

Orchid Heights Neighborhood

Estimated Value: $549,000 - $621,000

-- Bed
-- Bath
2,540 Sq Ft
$229/Sq Ft Est. Value

Last Sold October 21, 2024

Last sale price $575,000 $226 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,638/month

56 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Eat-In Kitchen
  • Northside Elementary School Rated A
  • Fireplace
  • Laundry Room

About This Home

As of October 2024

Discover this renovated ranch-style duplex in Middleton's Orchid Heights Subdivision. Each unit features 3 bedrooms, 1 bath, and fenced-in backyards for tenant privacy. Full basement with a finished rec room on one side. Both units offer their own laundry facilities and 2 outdoor parking spaces, with ample street parking available. Completely renovated inside and out just two years ago, this property is a perfect blend of modern comfort and convenience. Ideal for investors seeking a well-maintained, updated rental property in a desirable location.

Last Agent to Sell the Property

Jason Needham

Collective Real Estate Group License #34810-94 Listed on: 07/16/2024

Last Buyer's Agent

Ken Seifert

Realty Executives Capital City License #47514-94

Realty Executives Capital City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,495

Year Built

  • Built in 1968

Lot Details

  • 0.27

Home Design

  • Duplex
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Family Room
  • Dining Room
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 4 Open Parking Spaces
  • Outside Parking

Schools

  • Call School District Elementary School
  • Kromrey Middle School
  • Middleton High School

Utilities

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

Additional Features

  • Balcony
  • 0.27 Acre Lot

Community Details

  • 2 Units
  • Orchid Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 070906262126

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,495

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, 1 story
  • Items Excluded: Tenants' personal belongings
  • Items Included: 2 Refrigerators, 2 Ranges/Ovens, 2 Dishwashers, 2 Water Softeners, 2 Washers, 2 Dryers
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partially finished, Poured concrete foundatn
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number Units W Ac: 2
  • Number Washers: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Vinyl

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

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

Lot Info

  • Estimated Aces: 0.27
  • Zoning: RES

Rental Info

  • Total Income: 50400

Tax Info

  • Net Taxes: 6495
  • Tax Year: 2023
  • Assessor Parcel Number: 070906262126

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Oct 29, 2024
Sold by
Strommen Max
Bought by
Pemaxer Properties Llc
Seller's Agent
Jason Needham
Collective Real Estate Group
Buyer's Agent
Ken Seifert
Realty Executives Capital City
List Price
$599,500
Sold Price
$575,000
Premium/Discount to List
-$24,500
-4.09%
Views
90
Current Estimated Value
$581,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,804
Avg. Annual Appreciation
1.03%
Original Mortgage
$431,250
Outstanding Balance
$426,586
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$155,218

Purchase Details

Listed on
Jul 16, 2024
Closed on
Oct 21, 2024
Sold by
Larson Randal
Bought by
Strommen Max
Seller's Agent
Jason Needham
Collective Real Estate Group
Buyer's Agent
Ken Seifert
Realty Executives Capital City
List Price
$599,500
Sold Price
$575,000
Premium/Discount to List
-$24,500
-4.09%
Views
90

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Outstanding Balance
$426,586
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$155,218

Purchase Details

Closed on
Mar 29, 2005
Sold by
Critchfield James E and Critchfield Hacqueline A
Bought by
Mc2 Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,100
Interest Rate
5.64%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Pemaxer Properties Llc -- None Listed On Document
Strommen Max -- None Listed On Document
Mc2 Properties Llc $148,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strommen Max $431,250
Previous Owner Mc2 Properties Llc $148,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2024 10/21/24 Sold $575,000 -4.1% $226 / Sq Ft
07/18/2024 07/18/24 For Sale $599,500 +4.3% $236 / Sq Ft
07/16/2024 07/16/24 Off Market $575,000 -- --
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 $6,955 $384,600 $110,000 $274,600
2023 $6,494 $384,600 $110,000 $274,600
2021 $5,926 $246,700 $90,500 $156,200
2020 $5,010 $246,700 $90,500 $156,200
2019 $4,855 $246,700 $90,500 $156,200
2018 $4,346 $246,700 $90,500 $156,200
2017 $4,603 $217,200 $90,500 $126,700
2016 $4,310 $214,800 $90,500 $124,300
2015 $4,585 $214,800 $90,500 $124,300
2014 $4,312 $191,200 $84,100 $107,100
2013 $3,879 $191,200 $84,100 $107,100
Source: Public Records

Agents Affiliated with this Home

  • Jason Needham

    Seller's Agent in 2024

    Jason Needham

    Collective Real Estate Group

    (608) 843-3711

    2 in this area

    64 Total Sales

    Jason Needham
    Section Image
  • Ken Seifert

    Buyer's Agent in 2024

    Ken Seifert

    Realty Executives

    (608) 235-6951

    1 in this area

    46 Total Sales

    Ken Seifert
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1981574

South Central Wisconsin Multiple Listing Service

APN: 0709-062-6212-6

Wisconsin Dane County Middleton 53562 Orchid Heights

5402 S Ridge Way, Middleton, WI

Not Listed for Sale

MultiFamily

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