NOT LISTED FOR SALE

610 Memphis Ave Madison, WI 53714

Worthington Park Neighborhood

Estimated Value: $395,000 - $467,000

3 Beds
3 Baths
2,170 Sq Ft
$203/Sq Ft Est. Value

Last Sold August 13, 2018

Last sale price $210,200 $97 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,851/month

31 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • 1-Story Property
  • Balcony

About This Home

As of August 2018

This 3-unit would be perfect for the new investor that wants to owner occupy. Here is a diamond in the rough. Build your equity with mainly adding labor for cleanup and paint up. With some TLC this baby will shine and you have two others helping you to pay off the mortgage. Separate utilities except for water and sewer, low Town of Blooming Grove taxes. Start building your investment portfolio with this building. Plenty of parking with 3 spaces plus a one car dethatched garage. Private rear yard with many mature trees. This is a diamond in the rough!

Last Agent to Sell the Property

Gary Lukens

First Weber Inc License #33574-90 Listed on: 05/22/2018

First Weber Inc

Last Buyer's Agent

Gary Lukens

First Weber Inc License #33574-90 Listed on: 05/22/2018

First Weber Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,288

Year Built

  • Built in 1957

Lot Details

  • 6,970

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Windows

Parking

  • 3 Open Parking Spaces
  • On-Street Parking

Schools

  • Call School District Elementary And Middle School
  • East High School

Utilities

  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating

Additional Features

  • Balcony
  • 6,970 Sq Ft Lot

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 0710-051-2092-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,288

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Municipality: Blooming Grove
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 1 story
  • Items Excluded: Tenants personal property
  • Items Included: 3 Refrigerators, 3 range/ovens, 3 boilers, 2 water heaters, 1 water softener, 1 clothes washer, 1 clothes dryer
  • Noi Year: 2017
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Walkout to yard, Partially finished
  • Number Dish Washers: 1
  • Number Dryers: 1
  • Number Furnaces: 3
  • Number Refrigerators: 3
  • Number Stoves: 3
  • Number Washers: 1
  • Number Water Heaters: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 3

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Detached, 2 spaces
  • Utilities: Separate elec meters, Separate gas meters

Schools

  • School District: Madison
  • Elementary School: Call School District
  • Middle School: Call School District
  • High School: East
  • Elementary School: Call School District
  • High School: East
  • Middle School: Call School District
  • School District: Madison

Lot Info

  • Estimated Aces: 0.16
  • Zoning: B-1

Rental Info

  • Total Income: 23460

Tax Info

  • Land Assessment: 44200
  • Improvements: 181000
  • Total Assessment: 225200
  • Assessment year: 2017
  • Net Taxes: 4288
  • Tax Year: 2017
  • Assessor Parcel Number: 0710-051-2092-0

Multi Family

  • Number Of1 Bedrooms: 3
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2021
Sold by
Erickson Cara A
Bought by
Triforce Investments Llc
Current Estimated Value
$441,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,655
Outstanding Balance
$211,986
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$179,555

Purchase Details

Listed on
May 22, 2018
Closed on
Aug 10, 2018
Sold by
Kindschuh Steven J
Bought by
Erickson Cara A
Seller's Agent
Gary Lukens
First Weber Inc
Buyer's Agent
Gary Lukens
First Weber Inc
List Price
$214,900
Sold Price
$210,200
Premium/Discount to List
-$4,700
-2.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%
Original Mortgage
$206,392
Interest Rate
5.5%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Triforce Investments Llc $400,000 Knight Barry Title
Erickson Cara A $210,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Triforce Investments Llc $230,655
Previous Owner Erickson Cara A $205,031
Previous Owner Erickson Cara A $206,392
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2018 08/13/18 Sold $210,200 -2.2% $97 / Sq Ft
05/22/2018 05/22/18 For Sale $214,900 -- $99 / 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 $5,341 $323,600 $79,300 $244,300
2023 $4,447 $210,000 $44,200 $165,800
2021 $4,087 $210,000 $44,200 $165,800
2020 $3,792 $210,000 $44,200 $165,800
2019 $3,780 $210,000 $44,200 $165,800
2018 $4,194 $225,200 $44,200 $181,000
2017 $4,288 $225,200 $44,200 $181,000
2016 $4,555 $225,200 $44,200 $181,000
2015 $4,707 $225,200 $44,200 $181,000
2014 $5,007 $225,200 $44,200 $181,000
2013 $4,957 $225,200 $44,200 $181,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Gary Lukens

    First Weber Inc

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1831482

South Central Wisconsin Multiple Listing Service

APN: 0710-051-2092-0

Wisconsin Dane County Madison 53704 Worthington Park

610 Memphis Ave, Madison, WI

This home is located at 610 Memphis Ave, Madison, WI 53714 since 22 May 2018 and is currently estimated at $441,577, approximately $203 per square foot. This property was built in 1957. 610 Memphis Ave is a home located in Dane County with nearby schools including Lowell Elementary School, O'Keeffe Middle, and East 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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