NOT LISTED FOR SALE

549 Oak St Madison, WI 53704

Eken Park Neighborhood

Estimated Value: $471,000 - $485,000

2 Beds
4 Baths
2,524 Sq Ft
$190/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $420,000 $166 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,722/month

2 Days on Market

Highlights

  • Den
  • Eat-In Kitchen
  • Outdoor Storage
  • Balcony
  • Property is near bus stop
  • 3-minute walk to McCormick Park

About This Home

As of August 2023

Well maintained 3 Unit property. Perfect for owner occupancy or investors. Walking distance to Tip-Top Tavern, North Street Cafe, Ogdens North Street Diner, Stark Weather Creek, and many other Eken Park hot spots. Unit 1 is a Large 2 bed plus den 1.5 baths with private entry and in unit laundry. Unit 2 and 3 are large efficiencies with long term tenants. 4 off street parking spots on newly paved driveway. Large yard with garden beds. New sump pump in 2020. Roof replaced in 2014. Unit 1 has all new appliances. Basement laundry for Unit 2 and 3. All washers and dryers upgraded to commercial grade Speed Queens in 2021. Plenty of dry basement storage. Electric metered separately. Owner pays gas and water. Seller is licensed agent, preferring to rent back unit 1 until Spring 2024.

Last Agent to Sell the Property

Matt Winzenried

Realty Executives Cooper Spransy Listed on: 08/01/2023

Realty Executives Cooper Spransy

Last Buyer's Agent

Michael Masella

Real Broker LLC License #96384-94

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,699

Year Built

  • Built in 1957

Lot Details

  • 8,712

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Family Room
  • Den
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • 4 Open Parking Spaces
  • Outside Parking

Outdoor Features

  • Balcony
  • Outdoor Storage

Schools

  • Emerson Elementary School
  • Sherman Middle School
  • East High School

Utilities

  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • 8,712 Sq Ft Lot
  • Property is near bus stop

Listing and Financial Details

  • Assessor Parcel Number 0710-052-0302-2

Community Details

Overview

  • 3 Units
  • Eken Park Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,699

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Items Excluded: seller's personal property
  • Items Included: all appliances, lawn mower, 2 snow blowers, mechanicals, water softener
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partially finished, Poured concrete foundatn
  • Number Dish Washers: 1
  • Number Dryers: 2
  • Number Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 4

Utilities

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

Schools

  • Elementary School: Emerson
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Estimated Aces: 0.2
  • Zoning: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 19800

Tax Info

  • Net Taxes: 6699
  • Tax Year: 2022
  • Assessor Parcel Number: 0710-052-0302-2

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of Efficiencies: 2
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Aug 31, 2023
Sold by
Ecklund Matthew and Ecklund Katelynn
Bought by
Cervera Justin
Seller's Agent
Matt Winzenried
Realty Executives Cooper Spransy
Buyer's Agent
Michael Masella
Real Broker LLC
List Price
$420,000
Sold Price
$420,000
Views
26
Current Estimated Value
$478,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,667
Avg. Annual Appreciation
5.60%
Original Mortgage
$420,000
Outstanding Balance
$410,788
Interest Rate
6.78%
Mortgage Type
VA
Estimated Equity
$67,879

Purchase Details

Listed on
Apr 5, 2019
Closed on
May 24, 2019
Sold by
Poletti Jonathan P and Poletti Tiffany S
Bought by
Jonathan & Tiffany Poletti Family Trust
Seller's Agent
Jon Poletti
Haven Real Estate Partners
Buyer's Agent
Jon Poletti
Haven Real Estate Partners
List Price
$299,900
Sold Price
$305,000
Premium/Discount to List
$5,100
1.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%
Original Mortgage
$294,325
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2018
Sold by
Poletti Jonathan P and Poletti Tiffany S
Bought by
Poletti Jonathan P and Poletti Tiffany S

Purchase Details

Closed on
Oct 19, 2011
Sold by
Litzkow Michael J
Bought by
Poletti Jonathan P and Poletti Tiffany S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.12%
Mortgage Type
Commercial
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
Cervera Justin $420,000 Founders Title
Jonathan & Tiffany Poletti Family Trust $305,000 None Available
Poletti Jonathan P -- None Available
Poletti Jonathan P $190,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cervera Justin $420,000
Previous Owner Jonathan & Tiffany Poletti Family Trust $294,325
Previous Owner Poletti Jonathan P $142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2023 08/31/23 Sold $420,000 0.0% $166 / Sq Ft
08/01/2023 08/01/23 For Sale $420,000 +37.7% $166 / Sq Ft
05/24/2019 05/24/19 Sold $305,000 +1.7% $121 / Sq Ft View Prior Sale
04/05/2019 04/05/19 Pending -- -- --
04/05/2019 04/05/19 For Sale $299,900 -- $119 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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 $14,166 $420,000 $75,200 $344,800
2023 $6,880 $399,200 $70,300 $328,900
2022 $13,399 $356,400 $62,200 $294,200
2021 $6,577 $324,000 $56,500 $267,500
2020 $6,468 $300,000 $52,300 $247,700
2019 $5,260 $246,400 $49,800 $196,600
2018 $4,779 $224,000 $49,800 $174,200
2017 $4,621 $207,400 $49,800 $157,600
2016 $4,742 $207,400 $49,800 $157,600
2015 $4,817 $195,700 $43,900 $151,800
2014 $4,532 $195,700 $43,900 $151,800
2013 $5,051 $190,000 $42,600 $147,400
Source: Public Records

Agents Affiliated with this Home

  • Matt Winzenried

    Seller's Agent in 2023

    Matt Winzenried

    Realty Executives

    (608) 358-4396

    3 in this area

    667 Total Sales

    Matt Winzenried
    Section Image
  • Michael Masella

    Buyer's Agent in 2023

    Michael Masella

    Real Broker LLC

    (754) 422-1747

    1 in this area

    18 Total Sales

    Michael Masella
    Section Image
  • Jon Poletti

    Seller's Agent in 2019

    Jon Poletti

    Haven Real Estate Partners

    (608) 213-8242

    1 in this area

    101 Total Sales

    Jon Poletti
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1961101

South Central Wisconsin Multiple Listing Service

APN: 0710-052-0302-2

Wisconsin Dane County Madison 53704 Eken Park

549 Oak St, Madison, WI

Not Listed for Sale

MultiFamily

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