NOT LISTED FOR SALE

5833 Balsam Rd Madison, WI 53711

Meadowood Neighborhood

Estimated Value: $704,000 - $739,400

10 Beds
8 Baths
4,254 Sq Ft
$170/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $495,000 $116 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,514/month

Highlights

  • ENERGY STAR Certified Homes
  • Wood Flooring
  • Eat-In Kitchen
  • Vel Phillips Memorial High School Rated A
  • Balcony
  • 4-minute walk to Meadowood Park

About This Home

As of December 2020

Remarkable potential CASH FLOWING OPPORTUNITY to own 2 adjacent 4 unit townhouse bldgs w/ courtyard, patios & long term tenants. Fair market rents are $1000-$1100+/mo/2Bd & $1100-$1200+/mo/3Bd. Additional improvements will result in even greater net income.Well maintained bldgs are adjacent to single family homes, Meadowood park, Community Gardens, playground & at end of street w/ free parking. Seller updates include: newer appliances, flooring, windows, mechanicals, 12'x14' outdoor patios in courtyard. 3 of 4 units leased till 2021; great opportunity for immediate owner occupancy. Perfect location on Westside; just minutes from EPIC, Exact Sciences, Promega, Downtown, UW hospitals, EPIC, Middleton & Verona.Own 8 units: Easy maintenance, long term investment, cash flow & tax deductions. Contact List Agent for Seller’s 2020 Pre-Inspection Report prior to writing offer to purchase.

Last Agent to Sell the Property

Sue Romens

EXP Realty, LLC License #59246-90 Listed on: 08/17/2020

EXP Realty, LLC

Co-Listed By

Rachel Romens

EXP Realty, LLC License #59270-90

Last Buyer's Agent

Joffre Pedretti

Keller Williams Realty License #84142-94

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,462

Year Built

  • Built in 1964

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Low Emissivity Windows
  • Entrance Foyer
  • Family Room
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher
  • ENERGY STAR Qualified Appliances

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • 6 Open Parking Spaces
  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Level Entry For Accessibility
  • Low Pile Carpeting

Outdoor Features

  • Balcony
  • Outdoor Storage

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter
  • Water Softener is Owned

Additional Features

  • ENERGY STAR Certified Homes
  • Property is near a bus stop

Community Details

  • 4 Units
  • Meadowood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0609-062-0408-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,462

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, Townhouse style units
  • Barrier Free: Ramped or level entrance, Level drive, Level lot, Door openings 29" or more, Low pile or no carpeting
  • Items Excluded: Seller and Tenants’ personal belongings
  • Items Included: Refrigerators (4), stoves/ovens (4), dishwashers (4), disposals (4), washers (4), electric dryers (3), shed, furnaces (4), water heaters (4), water softeners (4), A/C wall units (4), outdoor parking spaces (6)
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partially finished, Poured concrete foundatn
  • Number Dish Washers: 4
  • Number Dryers: 3
  • Number Furnaces: 4
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Units W Ac: 4
  • Number Washers: 4
  • Number Water Heaters: 4
  • Number Water Softeners: 4

Exterior Features

  • Exterior: Wood, Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 6

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space, 2 spaces, Outside
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters

Schools

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

Lot Info

  • Estimated Aces: 0.22
  • Zoning: SR-V1
  • Geo Subdivision: WI

Green Features

  • Energy Efficient Green: WI Energy Star Cert., Energy Star Appliance(s), Low E Windows

Tax Info

  • Land Assessment: 86000
  • Improvements: 219000
  • Total Assessment: 305000
  • Assessment year: 2020
  • Net Taxes: 6462
  • Tax Year: 2019
  • Assessor Parcel Number: 0609-062-0408-1

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of3 Bedrooms: 2
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2020
Closed on
Dec 11, 2020
Sold by
Steven R Bergen Revocable Trust
Bought by
5833 Balsam Llc
Seller's Agent
Sue Romens
EXP Realty, LLC
Buyer's Agent
Joffre Pedretti
Keller Williams Realty
List Price
$525,000
Sold Price
$495,000
Premium/Discount to List
-$30,000
-5.71%
Current Estimated Value
$722,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,100
Avg. Annual Appreciation
8.05%
Original Mortgage
$396,000
Outstanding Balance
$353,187
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$368,913

Purchase Details

Closed on
Nov 13, 2007
Sold by
Bergen Steven R
Bought by
The Steven R Bergen Revocable Trust

Purchase Details

Closed on
Dec 13, 2006
Sold by
Bergen Steven R and Bergen Patricia R
Bought by
Bergen Steven R
Source: Public Records

Range of Values:

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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
5833 Balsam Llc $495,000 None Available
The Steven R Bergen Revocable Trust -- None Available
Bergen Steven R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5833 Balsam Llc $396,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2020 12/11/20 Sold $495,000 0.0% $116 / Sq Ft
10/20/2020 10/20/20 Price Changed $495,000 -5.7% $116 / Sq Ft
09/05/2020 09/05/20 For Sale $525,000 +6.1% $123 / Sq Ft
08/20/2020 08/20/20 Off Market $495,000 -- --
08/17/2020 08/17/20 For Sale $525,000 -- $123 / 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 $20,722 $590,000 $116,000 $474,000
2023 $10,239 $565,000 $105,000 $460,000
2021 $10,556 $495,000 $86,000 $409,000
2020 $6,774 $305,000 $86,000 $219,000
2019 $6,462 $290,000 $86,000 $204,000
2018 $5,890 $265,000 $86,000 $179,000
2017 $5,427 $236,000 $86,000 $150,000
2016 $5,271 $223,200 $83,000 $140,200
2015 $5,060 $212,200 $83,000 $129,200
2014 $5,063 $212,200 $83,000 $129,200
2013 $5,365 $212,200 $83,000 $129,200
Source: Public Records

Agents Affiliated with this Home

  • Sue Romens

    Seller's Agent in 2020

    Sue Romens

    EXP Realty, LLC

    (608) 212-0829

    4 in this area

    77 Total Sales

    Sue Romens
    Section Image
  • Rachel Romens

    Seller Co-Listing Agent in 2020

    Rachel Romens

    EXP Realty, LLC

    (608) 445-0836

    4 in this area

    53 Total Sales

    Rachel Romens
    Section Image
  • Joffre Pedretti

    Buyer's Agent in 2020

    Joffre Pedretti

    Keller Williams Realty

    (608) 698-8503

    6 in this area

    248 Total Sales

    Joffre Pedretti
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1891514

South Central Wisconsin Multiple Listing Service

APN: 0609-062-0408-1

Wisconsin Dane County Madison 53711 Meadowood

5833 Balsam Rd, Madison, WI

This home is located at 5833 Balsam Rd, Madison, WI 53711 since 17 August 2020 and is currently estimated at $722,100, approximately $169 per square foot. This property was built in 1964. 5833 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.

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