NOT LISTED FOR SALE

Estimated Value: $1,130,416

8 Beds
4 Baths
3,600 Sq Ft
$314/Sq Ft Est. Value

Last Sold April 30, 2012

Last sale price $495,000 $138 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $6,940/month

Highlights

  • Balcony
  • Dining Room
  • 2-minute walk to Fireman's Park
  • Monona Grove High School Rated A-
  • Family Room

About This Home

As of April 2012

First time on the market. Cottage Grove's only 8 unit. Great location, never a vacancy. Not much for the new owner to do as current owner has recently provided new appliances consisting of stove, refrigerator, dishwasher, disposal, washer/dryer in each unit. Roof only 6-7 years old. All new garage doors and tracks. All units have received new floor coverings of carpet in vinyl (except unit #7). Each unit has storage adjacent to private balcony/patio. Garage is located behind building.

Last Agent to Sell the Property

Bert Slinde

Slinde Realty Company License #20641-90 Listed on: 03/05/2012

Last Buyer's Agent

Alan Mikkelson

EXP Realty, LLC License #55642-90

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,292

Year Built

  • Built in 1986

Lot Details

  • 0.48

Home Design

  • Brick Exterior Construction
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Family Room
  • Dining Room
  • Oven or Range

Schools

  • Taylor Prairie Elementary School
  • Glacial Drumlin Middle School
  • Monona Grove High School

Utilities

  • Radiant Heating System
  • Separate Meters
  • Water Softener Leased

Additional Features

  • Balcony
  • 0.48 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 0711-091-4001-5

Community Details

Overview

  • 8 Units
  • Grove Heights Subdivision

Building Details

  • Net Operating Income $49,027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,292

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Municipality: Cottage Grove
  • Status Detail: Sold
  • Mailing City: Cottage Grove
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Miscellaneous: Water Softener Rented
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 8
  • Number Dryers: 8
  • Number Units W Ac: 8
  • Number Washers: 8
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Brick, Stone

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant

Utilities

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

Fee Information

  • Total Expenses: 21773

Schools

  • Elementary School: Taylor Prairie
  • High School: Monona Grove
  • Middle School: Glacial Drumlin
  • School District: Monona Grove

Lot Info

  • Estimated Lot Sq Ft: 20996
  • Zoning: commer
  • Geo Subdivision: WI

Rental Info

  • Total Income: 70800

Tax Info

  • Net Taxes: 10292
  • Tax Year: 2010
  • Assessor Parcel Number: 0711-091-4001-5

Multi Family

  • Number Of2 Bedrooms: 8
  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2012
Closed on
Apr 30, 2012
Sold by
Braund Michael G
Bought by
Double S Land Company Llc
Seller's Agent
Bert Slinde
Slinde Realty Company
Buyer's Agent
Alan Mikkelson
EXP Realty, LLC
List Price
$490,000
Sold Price
$495,000
Premium/Discount to List
$5,000
1.02%
Current Estimated Value
$1,130,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$635,416
Avg. Annual Appreciation
6.31%
Original Mortgage
$405,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2010
Sold by
Hornbeck Lori Lynn and Hornbeck Braund Lori Lynn
Bought by
Braund Michael G
Source: Public Records

Range of Values:

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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
Double S Land Company Llc $490,000 Knight Barry Title Svcs Llc
Braund Michael G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Double S Land Company Llc $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2012 04/30/12 Sold $495,000 +1.0% $138 / Sq Ft
03/27/2012 03/27/12 Pending -- -- --
03/05/2012 03/05/12 For Sale $490,000 -- $136 / 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 $11,923 $531,000 $108,500 $422,500
2023 $12,312 $531,000 $108,500 $422,500
2021 $10,836 $531,000 $108,500 $422,500
2020 $10,895 $531,000 $108,500 $422,500
2019 $12,483 $506,000 $87,800 $418,200
2018 $11,783 $506,000 $87,800 $418,200
2017 $11,733 $506,000 $87,800 $418,200
2016 $11,767 $506,000 $87,800 $418,200
2015 $10,890 $506,000 $87,800 $418,200
2014 $10,943 $506,000 $87,800 $418,200
2013 $14,610 $506,000 $87,800 $418,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1648908

South Central Wisconsin Multiple Listing Service

APN: 0711-091-4001-5