NOT LISTED FOR SALE

6042 Driscoll Dr Madison, WI 53718

East Madison Neighborhood

Estimated Value: $396,000 - $1,525,000

12 Beds
12 Baths
7,644 Sq Ft
$148/Sq Ft Est. Value

Last Sold September 18, 2019

Last sale price $965,000 $126 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,915/month

4 Days on Market

Highlights

  • 0.39 Acre Lot
  • Wood Flooring
  • Attached Garage
  • Open Floorplan
  • Balcony
  • En-Suite Primary Bedroom

About This Home

As of September 2019

Estimated completion August 15. Rare opportunity to own a brand new 4-unit in one of the lowest vacancy areas in all of Dane County! Buildings all in a row. Ideal location for commutes and in a great neighborhood (Grandview Commons Northeast). All units are 3BR townhome style and feature great layouts, 2 car garages, FINISHED basements, and high end finishes to maximize rent potential. Previous identical units in the development are renting for minimum $1950 base rent plus pet fees. Tenants responsible for utilities.

Last Agent to Sell the Property

Cory Frank

RE/MAX Preferred License #83824-94 Listed on: 07/10/2019

RE/MAX Preferred

Last Buyer's Agent

Cory Frank

RE/MAX Preferred License #83824-94 Listed on: 07/10/2019

RE/MAX Preferred

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $333

Year Built

  • Built in 2019 | Under Construction

Lot Details

  • 0.39

Home Design

  • Poured Concrete
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2-Story Property
  • Open Floorplan
  • Family Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • Attached Garage
  • Garage Door Opener

Schools

  • Kennedy Elementary School
  • Whitehorse Middle School
  • Lafollette High School

Utilities

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

Additional Features

  • Balcony
  • 16,988 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 4 Units
  • Granview Commons Northeast Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0710-023-0205-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$333

Year Built

Built in 2019 | Under Construction

Lot Details

0.39 Acres

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, Townhouse style units, Under construction
  • Barrier Free: Open floor plan
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Year Built: 2019
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn, Sump pump
  • Number Dish Washers: 4
  • Number Dryers: 4
  • Number Units W Ac: 4
  • Number Washers: 4
  • Number Water Softeners: 4

Exterior Features

  • Exterior: Vinyl, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Attached, Opener inc
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters

Schools

  • Elementary School: Kennedy
  • High School: Lafollette
  • Middle School: Whitehorse
  • School District: Madison

Lot Info

  • Estimated Aces: 0.39
  • Zoning: PUD

Tax Info

  • Net Taxes: 333
  • Tax Year: 2018
  • Assessor Parcel Number: 0710-023-0205-9

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2019
Closed on
Sep 18, 2019
Sold by
Driscoll Townhomes Llc
Bought by
Pasumarthi Sreenivas and Vempati Venkata Surya
Seller's Agent
Cory Frank
RE/MAX Preferred
Buyer's Agent
Cory Frank
RE/MAX Preferred
List Price
$994,900
Sold Price
$965,000
Premium/Discount to List
-$29,900
-3.01%
Current Estimated Value
$1,127,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,933
Avg. Annual Appreciation
2.42%
Original Mortgage
$820,250
Outstanding Balance
$722,163
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$405,770

Purchase Details

Listed on
Oct 2, 2018
Closed on
Dec 14, 2018
Sold by
Mrec Vh Grandview Commons Llc
Bought by
Driscoll Townhomes Llc
Seller's Agent
Dan Brinkman
DSI Real Estate Group
Buyer's Agent
Cory Frank
RE/MAX Preferred
List Price
$95,000
Sold Price
$95,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2012.23%
Original Mortgage
$700,000
Interest Rate
4.8%
Mortgage Type
Commercial
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
Pasumarthi Sreenivas $965,000 Knight Barry Title
Driscoll Townhomes Llc $95,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pasumarthi Sreenivas $820,250
Previous Owner Driscoll Townhomes Llc $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/18/2019 09/18/19 Sold $965,000 -3.0% $126 / Sq Ft
07/10/2019 07/10/19 For Sale $994,900 +947.3% $130 / Sq Ft
12/14/2018 12/14/18 Sold $95,000 0.0% -- View Prior Sale
10/02/2018 10/02/18 Pending -- -- --
10/02/2018 10/02/18 For Sale $95,000 -- --
Source: South Central Wisconsin Multiple Listing Service

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
2025 $22,650 $1,209,100 $135,000 $1,074,100
2024 $38,207 $1,070,000 $135,000 $935,000
2023 $17,551 $965,000 $123,000 $842,000
2022 $38,074 $965,000 $112,000 $853,000
2021 $21,079 $965,000 $102,000 $863,000
2020 $21,602 $965,000 $102,000 $863,000
2019 $2,143 $95,000 $95,000 $0
2018 $333 $14,800 $14,800 $0
2017 $345 $14,800 $14,800 $0
2016 $331 $13,800 $13,800 $0
2015 $334 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cory Frank

    Seller's Agent in 2019

    Cory Frank

    RE/MAX

    (608) 576-8155

    3 in this area

    174 Total Sales

    Cory Frank
    Section Image
  • Dan Brinkman

    Seller's Agent in 2018

    Dan Brinkman

    DSI Real Estate Group

    (608) 226-3061

    2 Total Sales

    Dan Brinkman
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1862863

South Central Wisconsin Multiple Listing Service

APN: 0710-023-0205-9

Wisconsin Dane County Madison 53718 East Madison

6042 Driscoll Dr, Madison, WI

Not Listed for Sale

MultiFamily

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