Jean Armendariz-Kerr
Mode Realty Network
(608) 292-5201
105 Total Sales
2 in Meadowood
$390K - $423K Price Range
5726 Russett Rd Madison, WI 53711
Meadowood NeighborhoodEstimated Value: $1,567,668
12
Beds
8
Baths
4,200
Sq Ft
$373/Sq Ft
Est. Value
Highlights
- 0.54 Acre Lot
- Wood Flooring
- Eat-In Kitchen
- Vel Phillips Memorial High School Rated A
- Balcony
- Handicap Shower
About This Home
As of February 2023BACK ON MARKET due to failed financing. 4x3Bd/2Ba and 4x2 Bd/1Ba units in well-maintained, brick/vinyl 2-story, updated apts, wood/tile floors. +$65k updates Aug-Oct '22: steel roof, concrete driveway, resurfaced & striped lot, +more. 1 parking space/unit; 2 extra stalls rentable+1 leased coin W/D provides additional income. Separate electric meters, LL shared laundry (W/D hookups exist for 8 units), LL secure/private tenant storage, LL walkout. Within 1 block: bus line, shopping, schools, employment & bike routes. 100% Occupied, long term tenants, turnkey. 1 MM lease, owner can occupy. 3 leases renew Q1 2023. Current rents below fair market value. RentOMeter avg rent in this location is $1776/3Bd. Great opportunity for higher Cash Flow, ROI & Equity. Seller may execute 1031 exchange.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,466
Year Built
- Built in 1962
Lot Details
- 0.54
Home Design
- Brick Exterior Construction
- Poured Concrete
- Vinyl Siding
Interior Spaces
- Walk-in Shower
- 2-Story Property
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Oven or Range
- ENERGY STAR Qualified Appliances
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Shared Basement
Parking
- 10 Open Parking Spaces
- Outside Parking
Accessible Home Design
- Handicap Shower
- Low Pile Carpeting
Outdoor Features
- Balcony
- Outdoor Storage
Schools
- Orchard Ridge Elementary School
- Toki Middle School
- Memorial High School
Utilities
- Central Air
- Radiant Heating System
- Separate Meters
- Individual Controls for Heating
Additional Features
- 23,522 Sq Ft Lot
- Property is near bus stop
Listing and Financial Details
- Assessor Parcel Number 0709-313-1030-7
Community Details
Overview
- 8 Units
- 1St Addition To Meadowood Subdivision
Additional Features
- Laundry Facilities
- Net Operating Income $69,558
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 29, 2022
Closed on
Feb 9, 2023
Sold by
Patriot Holdings Llc
Bought by
Seller's Agent
Sue Romens
EXP Realty, LLC
Buyer's Agent
Carolyn Bostick
Keller Williams Realty
List Price
$1,400,000
Sold Price
$1,200,000
Premium/Discount to List
-$200,000
-14.29%
Views
205
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$367,668
Avg. Annual Appreciation
7.87%
Purchase Details
Closed on
Jun 20, 2022
Sold by
Beacon Properties Llc
Bought by
Patriot Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 30, 2010
Sold by
State Bank Of Cross Plains
Bought by
Beacon 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
$200,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 15, 2008
Sold by
Brown Richard V
Bought by
State Bank Of Cross Plains
Purchase Details
Closed on
Jan 27, 2006
Sold by
Stern Enterprises Llc
Bought by
Brown Richard V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
6.34%
Mortgage Type
Future Advance Clause Open End Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Meadowood, WI
-
Jean Armendariz-Kerr
-
Erin Anderson
Erin Anderson
First Weber Inc
(608) 292-2907
105 Total Sales
1 in Meadowood
$335,000 Price
-
Fred Van Buren
Fred Van Buren
Real Broker LLC
(608) 292-3108
51 Total Sales
1 in Meadowood
$364,900 Price
-
Jerilyn Endrizzi
Jerilyn Endrizzi
Coldwell Banker Real Estate Group
(608) 292-2891
83 Total Sales
2 in Meadowood
$368K - $510K Price Range
-
Ellen Werdan
Ellen Werdan
Restaino & Associates
(608) 292-3813
50 Total Sales
1 in Meadowood
$301,000 Price
-
Bridget Horstmann
Bridget Horstmann
Responds QuicklyReal Broker LLC
(920) 557-3469
68 Total Sales
1 in Meadowood
$365,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,200,000 | -- | ||
| Patriot Holdings Llc | $900,000 | None Listed On Document | |
| Beacon Properties Llc | $253,000 | None Available | |
| State Bank Of Cross Plains | $532,803 | None Available | |
| Brown Richard V | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $262,498 | ||
| Previous Owner | Patriot Holdings Llc | $58,778 | |
| Previous Owner | Patriot Holdings Llc | $800,000 | |
| Previous Owner | Beacon Properties Llc | -- | |
| Previous Owner | Beacon Properties Llc | $150,000 | |
| Previous Owner | Beacon Properties Llc | $200,000 | |
| Previous Owner | Brown Richard V | $535,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/21/2023 02/21/23 | Sold | $1,200,000 | -14.3% | $286 / Sq Ft |
| 01/24/2023 01/24/23 | Pending | -- | -- | -- |
| 01/06/2023 01/06/23 | For Sale | $1,400,000 | 0.0% | $333 / Sq Ft |
| 09/12/2022 09/12/22 | Pending | -- | -- | -- |
| 08/26/2022 08/26/22 | For Sale | $1,400,000 | +16.7% | $333 / Sq Ft |
| 08/01/2022 08/01/22 | Off Market | $1,200,000 | -- | -- |
| 07/29/2022 07/29/22 | For Sale | $1,400,000 | -- | $333 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $22,296 | $1,200,000 | $210,000 | $990,000 |
| 2024 | $42,320 | $1,200,000 | $210,000 | $990,000 |
| 2023 | $21,846 | $1,200,000 | $210,000 | $990,000 |
| 2022 | $18,933 | $482,000 | $132,000 | $350,000 |
| 2021 | $8,922 | $419,000 | $132,000 | $287,000 |
| 2020 | $8,909 | $399,000 | $132,000 | $267,000 |
| 2019 | $7,773 | $347,000 | $132,000 | $215,000 |
| 2018 | $7,379 | $330,000 | $132,000 | $198,000 |
| 2017 | $6,456 | $279,000 | $132,000 | $147,000 |
| 2016 | $6,634 | $279,000 | $120,000 | $159,000 |
| 2015 | $6,363 | $253,000 | $120,000 | $133,000 |
| 2014 | $6,052 | $253,000 | $120,000 | $133,000 |
| 2013 | $5,752 | $253,000 | $120,000 | $133,000 |
Source: Public Records
Agents Affiliated with this Home
-
Sue Romens
Seller's Agent in 2023
Sue Romens
EXP Realty, LLC
(608) 212-0829
2 in this area
59 Total Sales
-
Rachel Romens
Seller Co-Listing Agent in 2023
Rachel Romens
EXP Realty, LLC
(608) 445-0836
2 in this area
48 Total Sales
-
Carolyn Bostick
CB
Buyer's Agent in 2023
Carolyn Bostick
Keller Williams Realty
(309) 716-6062
1 in this area
28 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1940616
APN: 0709-313-1030-7
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.
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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