NOT LISTED FOR SALE

551 W Mifflin St Unit 1 Madison, WI 53703

Downtown Madison Neighborhood

Estimated Value: $859,000 - $1,053,000

8 Beds
3 Baths
2,865 Sq Ft
$326/Sq Ft Est. Value

Last Sold July 31, 2015

Last sale price $460,000 $161 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $6,949/month

Highlights

  • Balcony
  • Property is near a bus stop
  • Family Room
  • Hamilton Middle School Rated A
  • Dining Room
  • Laundry Facilities

About This Home

As of July 2015

3 flat with excellent rental history. Located near the West Washington corridor, Kohl Center and Capitol. Recent exterior insulation, siding and windows. 2 off-street parking spaces rent for $50/month. Shared washer and dryer in basement. Lease has been signed for 8/15/2015 - 8/14/2016. For more information, visit www.TheAlvaradoGroup.com or call 608.438.4315 for a showing.

Last Agent to Sell the Property

Brett Larson

Lauer Realty Group, Inc. License #57422-90 Listed on: 06/05/2015

Last Buyer's Agent

Luke Lestikow

First Weber, Inc License #60063-94

First Weber, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,983

Year Built

  • Built in 1904

Lot Details

  • 2,178

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Low Emissivity Windows
  • Family Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • On-Street Parking
  • Outside Parking

Schools

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

Additional Features

  • Balcony
  • 2,178 Sq Ft Lot
  • Property is near a bus stop
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 0709-231-2323-9

Community Details

Overview

  • 3 Units
  • The community has rules related to parking rules

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,983

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Miscellaneous: Shared laundry, Close to bus line
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 3
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 3
  • Number Stoves: 3
  • Number Washers: 1
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside, Parking fee

Schools

  • School District: Madison
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.05
  • Zoning: DR2
  • Geo Subdivision: WI

Green Features

  • Energy Efficient Green: Low E Windows

Rental Info

  • Total Income: 58200

Tax Info

  • Land Assessment: 54400
  • Improvements: 338300
  • Total Assessment: 392700
  • Assessment year: 2015
  • Net Taxes: 8983
  • Tax Year: 2014
  • Assessor Parcel Number: 0709-231-2323-9

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 2
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2018
Sold by
Rood Jeffrey W
Bought by
Madison Pads Llc
Current Estimated Value
$934,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,063,250
Outstanding Balance
$1,796,960
Interest Rate
4.44%
Mortgage Type
Commercial
Estimated Equity
-$920,912

Purchase Details

Closed on
Jan 19, 2017
Sold by
Madison Pads Llc
Bought by
Rood Jeffrey W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2016
Sold by
Rood Jeffrey W and Rood Jaclyn K
Bought by
Madison Pads Llc

Purchase Details

Listed on
Jun 5, 2015
Closed on
Jul 31, 2015
Sold by
Gregg Richard Owen
Bought by
Rood Jeffrey W
Seller's Agent
Brett Larson
Lauer Realty Group, Inc.
Buyer's Agent
Luke Lestikow
First Weber, Inc
List Price
$500,000
Sold Price
$460,000
Premium/Discount to List
-$40,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.55%
Original Mortgage
$460,000
Interest Rate
4.02%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 18, 2013
Sold by
Gregg Richard O and Gregg Richard Owen
Bought by
Gregg Richard Owen and Richard Owen Gregg Living Trust
Source: Public Records

Range of Values:

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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
Madison Pads Llc -- None Available
Rood Jeffrey W -- None Available
Madison Pads Llc -- Attorney
Rood Jeffrey W $460,000 None Available
Gregg Richard Owen -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Madison Pads Llc $551,250
Closed Madison Pads Llc $528,000
Open Madison Pads Llc $2,063,250
Previous Owner Rood Jeffrey W $360,000
Previous Owner Rood Jeffrey W $460,000
Previous Owner Gregg Richard O $234,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2015 07/31/15 Sold $460,000 -8.0% $161 / Sq Ft
06/23/2015 06/23/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $500,000 -- $175 / 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 $24,196 $688,100 $84,800 $603,300
2023 $11,667 $643,100 $84,800 $558,300
2021 $12,604 $583,300 $80,800 $502,500
2020 $11,316 $507,200 $78,400 $428,800
2019 $10,816 $483,000 $59,800 $423,200
2018 $10,845 $483,000 $59,800 $423,200
2017 $11,189 $483,000 $59,800 $423,200
2016 $11,062 $460,000 $54,400 $405,600
2015 $9,431 $374,000 $54,400 $319,600
2014 $8,983 $374,000 $54,400 $319,600
2013 $8,530 $363,100 $51,300 $311,800
Source: Public Records

Agents Affiliated with this Home

  • Brett Larson

    Seller's Agent in 2015

    Brett Larson

    Lauer Realty Group, Inc.

    (608) 575-4123

    65 Total Sales

    Brett Larson
    Section Image
  • Luke Lestikow

    Buyer's Agent in 2015

    Luke Lestikow

    First Weber, Inc

    (608) 215-0028

    5 in this area

    131 Total Sales

    Luke Lestikow
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1749402

South Central Wisconsin Multiple Listing Service

APN: 0709-231-2323-9

Wisconsin Dane County Madison 53703 Downtown Madison

551 W Mifflin St Unit 1, Madison, WI

This home is located at 551 W Mifflin St Unit 1, Madison, WI 53703 since 05 June 2015 and is currently estimated at $934,172, approximately $326 per square foot. This property was built in 1904. 551 W Mifflin St Unit 1 is a home located in Dane County with nearby schools including Franklin Elementary School, Hamilton Middle School, and West 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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