NOT LISTED FOR SALE

5802 Russett Rd Madison, WI 53711

Meadowood Neighborhood

Estimated Value: $549,000 - $640,000

8 Beds
4 Baths
4,218 Sq Ft
$140/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $348,000 $83 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,463/month

178 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Water Softener is Owned
  • Vel Phillips Memorial High School Rated A
  • Outdoor Storage
  • Heating System Uses Steam

About This Home

As of February 2019

Excellent opportunity for an investment property! 4 units receiving $44,700 annual rent income for the price of $379,500! Total utility cost to the owner for the past 12 months: Water-$1,395.78; electric - $551,18; Gas-$1165.91; 12 months utility bills available upon request; Lots of upgrades: 4 water heaters 2019, 2015, 2016 & 2017; boiler 2010; water softener 2018, 2 coined-dryers 2018; Unit 1 has a finished basement in 2017; hallway carpet 2018; Large storage for owner to use in basement; Two detached garage currently used by Unit 2 & 3; Possible 1031 exchange.

Last Agent to Sell the Property

Yishu Jiang

Tri-River Realty License #57358-90 Listed on: 07/23/2018

Last Buyer's Agent

Allan Lynk

Keller Williams Realty License #36962-90

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,148

Year Built

  • Built in 1958

Lot Details

  • 10,629

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • Family Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Garage
  • 4 Open Parking Spaces
  • Garage Door Opener

Schools

  • Orchard Ridge Elementary School
  • Toki Middle School
  • Memorial High School

Utilities

  • Heating System Uses Steam
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Outdoor Storage
  • 10,629 Sq Ft Lot

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-313-1026-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,148

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Miscellaneous: Shared laundry, Water Softener Owned
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard, Poured concrete foundatn
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number Washers: 4
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Detached, Opener inc
  • Utilities: Separate elec meters, Separate gas meters

Schools

  • Elementary School: Orchard Ridge
  • High School: Memorial
  • Middle School: Toki
  • School District: Madison

Lot Info

  • Estimated Aces: 0.244
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 44700

Tax Info

  • Net Taxes: 5148
  • Tax Year: 2017
  • Assessor Parcel Number: 0709-313-1026-6

Multi Family

  • Number Of2 Bedrooms: 4
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2019
Sold by
Kubly Jeffrey L and Kubly Rachel
Bought by
Jr Kubly Properties Llc
Current Estimated Value
$587,372

Purchase Details

Listed on
Jul 23, 2018
Closed on
Feb 28, 2019
Sold by
Mo Chunsheng
Bought by
Kubly Jeffrey L and Kulby Rachel
Seller's Agent
Yishu Jiang
Tri-River Realty
Buyer's Agent
Allan Lynk
Keller Williams Realty
List Price
$379,500
Sold Price
$348,000
Premium/Discount to List
-$31,500
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%
Original Mortgage
$261,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2006
Sold by
Marchillo Steven L and Marchillo Steven E
Bought by
Mo Churngsbeng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,750
Interest Rate
6.42%
Mortgage Type
Credit Line Revolving
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
Jr Kubly Properties Llc -- None Available
Kubly Jeffrey L $348,000 None Available
Mo Churngsbeng $295,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kubly Jeffrey L $261,000
Previous Owner Mo Churngsbeng $14,750
Previous Owner Mo Churngsbeng $236,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $348,000 -4.7% $83 / Sq Ft
01/17/2019 01/17/19 Pending -- -- --
12/30/2018 12/30/18 Price Changed $365,000 -1.2% $87 / Sq Ft
09/07/2018 09/07/18 Price Changed $369,500 -2.6% $88 / Sq Ft
07/23/2018 07/23/18 For Sale $379,500 -- $90 / 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 $16,474 $470,000 $131,000 $339,000
2023 $7,680 $425,000 $119,000 $306,000
2021 $7,396 $348,000 $98,000 $250,000
2020 $7,740 $348,000 $98,000 $250,000
2019 $6,018 $280,000 $98,000 $182,000
2018 $5,477 $255,000 $97,800 $157,200
2017 $5,149 $230,000 $97,800 $132,200
2016 $5,462 $237,000 $93,800 $143,200
2015 $5,267 $226,000 $93,800 $132,200
2014 $5,266 $226,000 $93,800 $132,200
2013 $5,620 $226,000 $93,800 $132,200
Source: Public Records

Agents Affiliated with this Home

  • Yishu Jiang

    Seller's Agent in 2019

    Yishu Jiang

    Tri-River Realty

    (608) 283-9335

    1 in this area

    127 Total Sales

    Yishu Jiang
    Section Image
  • Allan Lynk

    Buyer's Agent in 2019

    Allan Lynk

    Keller Williams Realty

    (608) 712-7555

    3 Total Sales

    Allan Lynk
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1837088

South Central Wisconsin Multiple Listing Service

APN: 0709-313-1026-6

Wisconsin Dane County Madison 53711 Meadowood

5802 Russett Rd, Madison, WI

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