NOT LISTED FOR SALE

5834 Balsam Rd Madison, WI 53711

Meadowood Neighborhood

Estimated Value: $457,337 - $596,000

8 Beds
4 Baths
3,300 Sq Ft
$162/Sq Ft Est. Value

Last Sold November 01, 2019

Last sale price $296,000 $90 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $3,309/month

53 Days on Market

Highlights

  • Wood Flooring
  • Property is near bus stop
  • Central Air
  • Vel Phillips Memorial High School Rated A
  • Outdoor Storage
  • 2-minute walk to Meadowood Park

About This Home

As of November 2019

West Madison brick 4 unit building with solid rental history. Each 2 BR unit has been easy to rent & manage for owner, all have identical layouts, hardwood floors, comfortable kitchens, dining area, living room, full bath, good sized bedrooms, separate basement storage area and 1 car garage. 4 car garage building is a rarity and could be used for owner storage or possible additional revenue source. Radiant heat with individual AC units, landlord pays gas & water tenants pay electric. Currently unit 3 is vacant for showings or possible owner occupied situation.

Last Agent to Sell the Property

Joshua Pelletter

Rockwood Realty Group License #55759-90 Listed on: 07/18/2019

Co-Listed By

Sarah Pelletter

South Central Non-Member License #84027-94

Last Buyer's Agent

Josh Lavik

EXP Realty, LLC License #56640-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,742

Year Built

  • Built in 1961

Lot Details

  • 0.26

Parking

  • 4 Covered Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Family Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Oven or Range

Schools

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

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • Outdoor Storage
  • 0.26 Acre Lot
  • Property is near bus stop

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0609-062-0316-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,742

Year Built

Built in 1961

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
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Units W Ac: 4
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Inside: 4

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage
  • Utilities: Separate elec meters

Schools

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

Lot Info

  • Estimated Aces: 0.26
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 29400

Tax Info

  • Net Taxes: 5742
  • Tax Year: 2018
  • Assessor Parcel Number: 0609-062-0316-6

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2019
Closed on
Nov 1, 2019
Sold by
Remus Matthew J
Bought by
Stollfus Zach and Stollfus Linda
Seller's Agent
Joshua Pelletter
Rockwood Realty Group
Buyer's Agent
Josh Lavik
EXP Realty, LLC
List Price
$324,900
Sold Price
$296,000
Premium/Discount to List
-$28,900
-8.9%
Current Estimated Value
$534,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,334
Avg. Annual Appreciation
9.94%
Original Mortgage
$236,800
Outstanding Balance
$208,736
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$325,598

Purchase Details

Closed on
Apr 27, 2017
Sold by
Hatzinger Dean and Frankey Matt
Bought by
Remus Matthew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,557
Interest Rate
4.14%
Mortgage Type
VA

Purchase Details

Closed on
Feb 3, 2017
Sold by
Frankey Matthew D
Bought by
Hatzinger Dean A

Purchase Details

Closed on
Sep 13, 2011
Sold by
The Meister Revocable Real Estate Trust
Bought by
Hatzinger Dean and Frankey Matt

Purchase Details

Closed on
Jan 16, 2008
Sold by
Us Bank Na
Bought by
Hatzinger Dean and Frankey Matt
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Stollfus Zach $296,000 None Available
Remus Matthew J $229,000 None Available
Hatzinger Dean A $218,600 None Available
Hatzinger Dean -- None Available
Hatzinger Dean -- None Available
Hatzinger Dean -- None Available
Hatzinger Dean -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stollfus Zach $236,800
Previous Owner Remus Matthew J $236,557
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2019 11/01/19 Sold $296,000 -6.0% $90 / Sq Ft
09/09/2019 09/09/19 Pending -- -- --
08/17/2019 08/17/19 Price Changed $314,900 -3.1% $95 / Sq Ft
07/18/2019 07/18/19 For Sale $324,900 -- $98 / 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 $16,297 $465,000 $122,000 $343,000
2023 $7,589 $420,000 $111,000 $309,000
2022 $14,058 $359,000 $101,000 $258,000
2021 $6,923 $326,000 $92,000 $234,000
2020 $6,571 $296,000 $92,000 $204,000
2019 $7,472 $275,000 $92,000 $183,000
2018 $6,782 $255,000 $91,700 $163,300
2017 $5,651 $227,600 $91,700 $135,900
2016 $7,189 $218,600 $87,700 $130,900
2015 $4,973 $208,600 $87,700 $120,900
2014 $4,976 $208,600 $87,700 $120,900
2013 $5,422 $208,600 $87,700 $120,900
Source: Public Records

Agents Affiliated with this Home

  • Joshua Pelletter

    Seller's Agent in 2019

    Joshua Pelletter

    Rockwood Realty Group

    (608) 239-3820

    110 Total Sales

    Joshua Pelletter
    Section Image

  • S

    Seller Co-Listing Agent in 2019

    Sarah Pelletter

    South Central Non-Member

  • Josh Lavik

    Buyer's Agent in 2019

    Josh Lavik

    EXP Realty, LLC

    (608) 440-9607

    1 in this area

    223 Total Sales

    Josh Lavik
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1863507

South Central Wisconsin Multiple Listing Service

APN: 0609-062-0316-6

Wisconsin Dane County Madison 53711 Meadowood

5834 Balsam Rd, Madison, WI

Not Listed for Sale

MultiFamily

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