Seller's Agent in 2021
Patrick McCarthy
Restaino & Associates
(608) 345-0467
1 in this area
11 Total Sales
648 E Johnson St Madison, WI 53703
Tenney-Lapham NeighborhoodEstimated Value: $597,000 - $733,000
6
Beds
4
Baths
2,142
Sq Ft
$315/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Property is near a bus stop
- Dining Room
- Wood Flooring
- Forced Air Heating System
- 3-minute walk to James Madison Park
About This Home
As of June 2021Please see attached marketing info for tenant mix, income, expenses and features Rare Find 4 Unit Now Available. Fully Leased. 5 parking stalls behind the property. Storage options in the lower level. Clean manageable basement with coin op. Consistent bumps in yearly rent. The area is transforming into an amazing housing opportunity. Email the lister for showing instructions
Last Agent to Sell the Property
Restaino & Associates License #59024-90 Listed on: 02/08/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,262
Year Built
- Built in 1888
Lot Details
- 4,356
Interior Spaces
- 2-Story Property
- Open Floorplan
- Dining Room
- Wood Flooring
- Basement Fills Entire Space Under The House
- Oven or Range
Parking
- 5 Open Parking Spaces
- Outside Parking
Schools
- Lapham/Marquette Elementary School
- Okeeffe Middle School
- East High School
Utilities
- Forced Air Heating System
- Separate Meters
Additional Features
- 4,356 Sq Ft Lot
- Property is near a bus stop
Listing and Financial Details
- Assessor Parcel Number 070913311307
Community Details
Overview
- 4 Units
- The community has rules related to parking rules
Additional Features
- Laundry Facilities
- Net Operating Income $33,644
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 8, 2021
Closed on
Jun 30, 2021
Sold by
Raupp Gregg
Bought by
Bartee Justin and Larson Sonja
Seller's Agent
Patrick McCarthy
Restaino & Associates
Buyer's Agent
Rico Sabatini
Real Broker LLC
List Price
$660,000
Sold Price
$550,000
Premium/Discount to List
-$110,000
-16.67%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,009
Avg. Annual Appreciation
4.66%
Original Mortgage
$275,000
Outstanding Balance
$249,520
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$425,489
Purchase Details
Closed on
Feb 1, 2010
Sold by
Addison Llc
Bought by
Raupp Gregg
Purchase Details
Closed on
Feb 28, 2005
Sold by
Raupp Gregg J
Bought by
Addison Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bartee Justin | $550,000 | None Available | |
| Raupp Gregg | -- | Dane County Title Company | |
| Addison Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bartee Justin | $275,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2021 06/30/21 | Sold | $550,000 | -5.0% | $257 / Sq Ft |
| 05/25/2021 05/25/21 | Pending | -- | -- | -- |
| 04/28/2021 04/28/21 | Price Changed | $579,000 | -6.5% | $270 / Sq Ft |
| 02/14/2021 02/14/21 | Price Changed | $619,000 | -6.2% | $289 / Sq Ft |
| 02/08/2021 02/08/21 | For Sale | $660,000 | -- | $308 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
Tax History Compared to Growth
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 | $20,191 | $575,000 | $84,000 | $491,000 |
| 2023 | $12,178 | $550,000 | $76,000 | $474,000 |
| 2021 | $8,944 | $420,000 | $63,000 | $357,000 |
| 2020 | $8,262 | $354,200 | $63,000 | $291,200 |
| 2019 | $7,921 | $337,200 | $63,000 | $274,200 |
| 2018 | $7,560 | $321,200 | $63,000 | $258,200 |
| 2017 | $7,829 | $321,200 | $63,000 | $258,200 |
| 2016 | $7,686 | $306,200 | $57,000 | $249,200 |
| 2015 | $6,973 | $277,200 | $57,000 | $220,200 |
| 2014 | $6,638 | $277,200 | $57,000 | $220,200 |
| 2013 | $6,125 | $269,200 | $57,000 | $212,200 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick McCarthy
-
Rico Sabatini
Buyer's Agent in 2021
Rico Sabatini
Real Broker LLC
(608) 692-1900
4 in this area
125 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1901940
APN: 0709-133-1130-7
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