NOT LISTED FOR SALE

5826 Balsam Rd Madison, WI 53711

Meadowood Neighborhood

Estimated Value: $609,000 - $620,271

7 Beds
4 Baths
-- Sq Ft
0.37 Acres

Last Sold January 19, 2024

Last sale price $530,000

Est. 13% increase in value since last sale

Current estimated payment $3,747/month

13 Days on Market

Highlights

  • Forced Air Heating System
  • Laundry Facilities
  • 3-minute walk to Meadowood Park
  • Vel Phillips Memorial High School Rated A

About This Home

As of January 2024

WOW! Fantastic "4 Unit" Income producing apartment building "for sale", in the Meadowood Neighborhood on Madison's West Side. This "Fully Leased" building boasts Three 2 bedroom apartments, One 1 bedroom apartment and coin laundry. Stop paying rent and owner occupy or buy a solid investment. Additional 1 bedroom / 1 bathroom apartment spare (unfinished) available to become the 5th unit. "Solid Investment". Schedule your showing today!

Last Agent to Sell the Property

Maurice Taylor

First Weber Inc License #58140-90 Listed on: 11/27/2023

First Weber Inc

Last Buyer's Agent

Lori Schilling

Sprinkman Real Estate License #81122-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,881

Year Built

  • Built in 1959

Lot Details

  • 0.37

Home Design

  • Brick Exterior Construction
  • Stone Exterior Construction

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 5 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters

Additional Features

  • 2-Story Property
  • 0.37 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 0609-062-0318-2

Community Details

Overview

  • 4 Units
  • Meadowood Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,881

Year Built

Built in 1959

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 and Tenant Personal Property
  • Items Included: 4 Ovens/Ranges, 4 Refrigerators, 4 Wall Mounted Air Conditioners
  • Miscellaneous: Shared laundry
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Block foundation
  • Number Water Softeners: 4

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 5

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside
  • 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: 0.37
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 45600

Tax Info

  • Net Taxes: 7881
  • Tax Year: 2023
  • Assessor Parcel Number: 0609-062-0318-2

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 3
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2023
Closed on
Jan 19, 2024
Sold by
Shapiro Joshua
Bought by
5718 Balsam Rd Llc
Seller's Agent
Maurice Taylor
First Weber Inc
Buyer's Agent
Lori Schilling
Sprinkman Real Estate
List Price
$600,000
Sold Price
$530,000
Premium/Discount to List
-$70,000
-11.67%
Views
13
Current Estimated Value
$600,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,082
Avg. Annual Appreciation
8.73%
Original Mortgage
$397,500
Outstanding Balance
$390,648
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$223,988

Purchase Details

Listed on
Jun 29, 2022
Closed on
Aug 22, 2022
Sold by
Oasis Business Investments Llc
Bought by
Lechner Properties 2 Llc
Seller's Agent
Musa Jallow
Restaino & Associates
Buyer's Agent
Matt Kornstedt
Stark Company, REALTORS
List Price
$490,000
Sold Price
$495,000
Premium/Discount to List
$5,000
1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%
Original Mortgage
$371,250
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2011
Sold by
Anchorbank Fsb
Bought by
Oasis Business Investments Llc

Purchase Details

Closed on
Jul 6, 2011
Sold by
Acker Vern and Acker Lavonne J
Bought by
Anchorbank Fsb

Purchase Details

Closed on
Jan 7, 2005
Sold by
Street Investments Llc
Bought by
Acker Vern

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.83%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
5718 Balsam Rd Llc -- None Listed On Document
Shapiro Joshua $530,000 None Listed On Document
Lechner Properties 2 Llc $495,000 None Listed On Document
Oasis Business Investments Llc $100,000 None Available
Anchorbank Fsb $138,400 None Available
Acker Vern $265,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shapiro Joshua $397,500
Previous Owner Lechner Properties 2 Llc $371,250
Previous Owner Acker Vern $212,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/19/2024 01/19/24 Sold $530,000 -11.7% --
11/27/2023 11/27/23 For Sale $600,000 +21.2% --
08/22/2022 08/22/22 Sold $495,000 +1.0% -- View Prior Sale
06/29/2022 06/29/22 For Sale $490,000 -- --
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 $18,598 $530,000 $136,000 $394,000
2023 $11,615 $495,000 $124,000 $371,000
2021 $7,761 $365,000 $103,000 $262,000
2020 $6,526 $294,000 $103,000 $191,000
2019 $6,282 $280,000 $103,000 $177,000
2018 $5,665 $255,000 $102,300 $152,700
2017 $5,511 $239,600 $102,300 $137,300
2016 $5,256 $222,600 $98,300 $124,300
2015 $5,045 $211,600 $98,300 $113,300
2014 $5,049 $211,600 $98,300 $113,300
2013 $5,962 $211,600 $98,300 $113,300
Source: Public Records

Agents Affiliated with this Home

  • Maurice Taylor

    Seller's Agent in 2024

    Maurice Taylor

    First Weber Inc

    (608) 718-1446

    1 in this area

    26 Total Sales

    Maurice Taylor
    Section Image
  • Lori Schilling

    Buyer's Agent in 2024

    Lori Schilling

    Sprinkman Real Estate

    (608) 279-4313

    3 in this area

    294 Total Sales

    Lori Schilling
    Section Image
  • Musa Jallow

    Seller's Agent in 2022

    Musa Jallow

    Restaino & Associates

    (608) 446-2210

    1 in this area

    135 Total Sales

    Musa Jallow
    Section Image
  • Matt Kornstedt

    Buyer's Agent in 2022

    Matt Kornstedt

    Stark Company, REALTORS

    (608) 345-7943

    11 in this area

    1,852 Total Sales

    Matt Kornstedt
    Section Image
See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1967845

South Central Wisconsin Multiple Listing Service

APN: 0609-062-0318-2

Wisconsin Dane County Madison 53711 Meadowood

5826 Balsam Rd, Madison, WI

This home is located at 5826 Balsam Rd, Madison, WI 53711 since 27 November 2023 and is currently estimated at $614,636. This property was built in 1959. 5826 Balsam Rd is a home located in Dane County with nearby schools including Orchard Ridge Elementary School, Toki Middle School, and Vel Phillips Memorial 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.

Nearby Homes