NOT LISTED FOR SALE

614 W Olin Ave Unit 1 Madison, WI 53715

Bay Creek Neighborhood

Estimated Value: $531,033 - $686,000

4 Beds
2 Baths
2,200 Sq Ft
$273/Sq Ft Est. Value

Last Sold July 01, 2015

Last sale price $282,000 $128 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $4,389/month

Highlights

  • Property is near a bus stop
  • Central Air
  • Dining Room
  • Hamilton Middle School Rated A
  • Water Softener is Owned
  • Heating System Uses Steam

About This Home

As of July 2015

A wonderful opportunity to own investment property in the Bay Creek Neighborhood or owner occupy this 2 flat and reduce the cost of living for yourself. Featuring hardwood floors throughout each unit, original woodwork, brilliant natural light and maintained to the highest of standards. A 2 car garage, large yard, shared laundry, extensive landscaping and walkable location make this a one of a kind investment. Visit www.LizLauer.com for more information! To schedule a showing, contact Mark (608) 658-0467

Last Agent to Sell the Property

Liz Lauer

Lauer Realty Group, Inc. License #56139-90 Listed on: 05/13/2015

Co-Listed By

Mark Gladue

Lauer Realty Group, Inc. License #56190-90

Last Buyer's Agent

Anthony Schey

Lakeplace.com/Dane Arthur Real Estate Agency License #53728-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,614

Year Built

  • Built in 1930

Lot Details

  • 7,841

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Utilities

  • Central Air
  • Heating System Uses Steam
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • 7,841 Sq Ft Lot
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 0709-261-1515-0

Community Details

Overview

  • 2 Units
  • Bay Creek Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,614

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Units W Ac: 2
  • Number Washers: 1
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Steam

Utilities

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

Schools

  • School District: Madison
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.18
  • Zoning: TR-C4
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 68200
  • Improvements: 169700
  • Total Assessment: 237900
  • Assessment year: 2015
  • Net Taxes: 5614
  • Tax Year: 2014
  • Assessor Parcel Number: 0709-261-1515-0

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2015
Closed on
Jul 1, 2015
Sold by
Duncan Elizabeth A
Bought by
Schaeffer Carole J
Seller's Agent
Liz Lauer
Lauer Realty Group, Inc.
Buyer's Agent
Anthony Schey
Lakeplace.com/Dane Arthur Real Estate Agency
List Price
$299,900
Sold Price
$282,000
Premium/Discount to List
-$17,900
-5.97%
Current Estimated Value
$599,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,758
Avg. Annual Appreciation
7.64%
Original Mortgage
$270,000
Interest Rate
3.83%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 4, 2013
Closed on
May 31, 2013
Sold by
Mcmahan Katie L and Ellestad Stephen B
Bought by
Duncan Elizabeth A
Seller's Agent
John Beckerdite
South Central Non-Member
Buyer's Agent
John Beckerdite
South Central Non-Member
List Price
$239,900
Sold Price
$234,900
Premium/Discount to List
-$5,000
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%
Original Mortgage
$187,900
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2009
Sold by
Lu Kummerow Investments Llc
Bought by
Mcmahan Katie L and Ellestad Stephen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,717
Interest Rate
5.43%
Mortgage Type
FHA
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
Schaeffer Carole J $282,000 Knight Barry Title Svcs Llc
Duncan Elizabeth A $234,900 Knight Barry Title Svcs Llc
Mcmahan Katie L $217,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Schaeffer Carole J $270,000
Previous Owner Duncan Elizabeth A $187,900
Previous Owner Mcmahan Katie L $198,717
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/01/2015 07/01/15 Sold $282,000 -6.0% $128 / Sq Ft
05/22/2015 05/22/15 Pending -- -- --
05/13/2015 05/13/15 For Sale $299,900 +27.7% $136 / Sq Ft
05/31/2013 05/31/13 Sold $234,900 -2.1% $107 / Sq Ft View Prior Sale
03/28/2013 03/28/13 Pending -- -- --
03/04/2013 03/04/13 For Sale $239,900 -- $109 / 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 $14,364 $425,600 $102,900 $322,700
2023 $6,855 $397,800 $96,200 $301,600
2021 $6,809 $334,800 $81,000 $253,800
2020 $6,692 $310,000 $81,000 $229,000
2019 $6,695 $310,000 $81,000 $229,000
2018 $6,650 $296,100 $75,000 $221,100
2017 $6,362 $282,000 $75,000 $207,000
2016 $6,530 $282,000 $75,000 $207,000
2015 $5,555 $234,900 $68,200 $166,700
2014 $5,613 $234,900 $68,200 $166,700
2013 $4,923 $217,000 $62,000 $155,000
Source: Public Records

Agents Affiliated with this Home

  • Liz Lauer

    Seller's Agent in 2015

    Liz Lauer

    Lauer Realty Group, Inc.

    (608) 444-5725

    6 in this area

    498 Total Sales

    Liz Lauer
    Section Image
  • Mark Gladue

    Seller Co-Listing Agent in 2015

    Mark Gladue

    Lauer Realty Group, Inc.

    (608) 658-0467

    2 in this area

    208 Total Sales

    Mark Gladue
    Section Image
  • Anthony Schey

    Buyer's Agent in 2015

    Anthony Schey

    Lakeplace.com/Dane Arthur Real Estate Agency

    (608) 770-8815

    49 Total Sales

    Anthony Schey
    Section Image

  • J

    Seller's Agent in 2013

    John Beckerdite

    South Central Non-Member

See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1746173

South Central Wisconsin Multiple Listing Service

APN: 0709-261-1515-0

Wisconsin Dane County Madison 53715 Bay Creek

614 W Olin Ave Unit 1, Madison, WI

This home is located at 614 W Olin Ave Unit 1, Madison, WI 53715 since 13 May 2015 and is currently estimated at $599,758, approximately $272 per square foot. This property was built in 1930. 614 W Olin Ave Unit 1 is a home located in Dane County with nearby schools including Franklin Elementary School, Hamilton Middle School, and West 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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