5818 Balsam Rd Madison, WI 53711
Meadowood NeighborhoodEstimated payment $3,827/month
Highlights
- Property is near a bus stop
- Forced Air Heating System
- 1-minute walk to Meadowood Park
- Vel Phillips Memorial High School Rated A
About This Home
Great investment opportunity!! 4-unit all 2bed/1/bath, 800 sq ft. All floorplans are the same. Well cared for by long term tenants. There is one vacant unit which has a new tenant coming May 1. Perfect location. Close to the bus line and all that the West side of Madison offers. New hallway paint in 2025, all flooring updated in 2023. Unit 3 has new furnace & water heater 2025. Clean, dry basement with storage.
Listing Agent
First Weber Inc Brokerage Email: HomeInfo@firstweber.com License #91917-94
Co-Listing Agent
First Weber Inc Brokerage Email: HomeInfo@firstweber.com License #57076-90
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,148
Year Built
- Built in 1959
Home Design
- Brick Exterior Construction
- Poured Concrete
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Oven or Range
Basement
- Basement Fills Entire Space Under The House
- Shared Basement
Parking
- 8 Open Parking Spaces
- Outside Parking
Schools
- Orchard Ridge Elementary School
- Toki Middle School
- Memorial High School
Utilities
- Forced Air Heating System
- Separate Meters
- Individual Controls for Heating
Additional Features
- 0.37 Acre Lot
- Property is near a bus stop
Community Details
- 4 Units
- Meadowwood Subdivision
Listing and Financial Details
- Assessor Parcel Number 0609-062-0320-7
Map
Home Values in the Area
Average Home Value in this Area
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 | $16,297 | $465,000 | $136,000 | $329,000 |
| 2023 | $9,484 | $405,000 | $124,000 | $281,000 |
| 2021 | $6,428 | $303,000 | $103,000 | $200,000 |
| 2020 | $6,100 | $275,000 | $103,000 | $172,000 |
| 2019 | $6,194 | $275,000 | $103,000 | $172,000 |
| 2018 | $5,817 | $255,000 | $102,700 | $152,300 |
| 2017 | $5,473 | $231,300 | $102,700 | $128,600 |
| 2016 | $5,410 | $222,300 | $98,700 | $123,600 |
| 2015 | $5,038 | $211,300 | $98,700 | $112,600 |
| 2014 | $5,041 | $211,300 | $98,700 | $112,600 |
| 2013 | $5,344 | $211,300 | $98,700 | $112,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | Pending | -- | -- | -- |
| 04/03/2025 04/03/25 | For Sale | $565,000 | +105.5% | $177 / Sq Ft |
| 08/02/2019 08/02/19 | Sold | $275,000 | -8.3% | $86 / Sq Ft |
| 06/10/2019 06/10/19 | Price Changed | $299,900 | -3.2% | $94 / Sq Ft |
| 04/08/2019 04/08/19 | Price Changed | $309,900 | -7.5% | $97 / Sq Ft |
| 01/18/2019 01/18/19 | For Sale | $335,000 | +21.8% | $105 / Sq Ft |
| 01/08/2019 01/08/19 | Off Market | $275,000 | -- | -- |
| 01/05/2019 01/05/19 | For Sale | $335,000 | +97.1% | $105 / Sq Ft |
| 04/09/2013 04/09/13 | Sold | $170,000 | -12.8% | -- |
| 02/06/2013 02/06/13 | Pending | -- | -- | -- |
| 01/11/2013 01/11/13 | For Sale | $195,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $151,500 | None Listed On Document | |
| Quit Claim Deed | $293,800 | Nations Title | |
| Warranty Deed | $275,000 | None Available | |
| Warranty Deed | $170,000 | Dane County Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $248,500 | New Conventional | |
| Previous Owner | $252,000 | New Conventional | |
| Previous Owner | $210,000 | Commercial | |
| Previous Owner | $136,000 | Commercial | |
| Previous Owner | $0 | Unknown |
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1996628
APN: 0609-062-0320-7
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.
- 2109 Leland Dr
- 2118 S Whitney Way
- 5706 Bartlett Ln
- 5741 Kroncke Dr
- 5818 Barton Rd
- 2202 Jonquil Rd
- 2505 S Whitney Way
- 2607 King James Way
- 5785 Williamsburg Way
- 5909 Hammersley Rd
- 5409 Meadowood Dr
- 2506 Prairie Rd
- 2305 Aspen Rd
- 5706 Hammersley Rd
- 5502 Dorsett Dr
- 2621 Smithfield Dr Unit 12
- 2570 Roanoke Cir
- 1714 Lewon Dr
- 6513 Tottenham Rd
- 2 Cherbourg Ct