NOT LISTED FOR SALE

650 E Johnson St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $491,000 - $977,237

4 Beds
2 Baths
1,750 Sq Ft
$369/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $425,000 $243 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,645/month

13 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Property is near a bus stop
  • Den
  • Laundry Room
  • 3-minute walk to James Madison Park

About This Home

As of August 2022

This two-flat rental property is located less than 2 blocks from James Madison Park! Convenient location to grocery stores, coffee shops, restaurants, shopping and more. Hardwood floors, arched doorways, spacious living rooms, wide trim/ molding & recent updates make this a sound investment. Located on the bus route is an added bonus. Each unit has use of the lower level washer & dryer. Spacious private backyard for relaxing or grilling out. Possible opportunity to owner occupy starting August 1st. Showings approved with 24 hours notice between 10am and 7pm. Offers reviewed as received.

Last Agent to Sell the Property

Josh Blasi

Restaino & Associates License #57864-94 Listed on: 06/16/2022

Restaino & Associates

Last Buyer's Agent

Sam Eifert

Lindsay Gallagher & Associates License #78772-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,892

Year Built

  • Built in 1884

Lot Details

  • 2,614

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • Family Room
  • Den
  • Wood Flooring
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Schools

  • Lapham/Marquette Elementary School
  • Okeeffe Middle School
  • East High School

Additional Features

  • 2,614 Sq Ft Lot
  • Property is near a bus stop
  • Water Softener is Owned

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-133-1131-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,892

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Items Excluded: Tenants Personal Property
  • Items Included: Boiler, 1 Washer, 1 Dryer, 1 Water Softener, 1 Water Heater, 2 Window AC Units, 2 Refrigerators, 2 Stoves
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1884
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside

Schools

  • Elementary School: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.06
  • Zoning: TR-V2WP-24
  • Geo Subdivision: WI

Rental Info

  • Total Income: 28800

Tax Info

  • Net Taxes: 7892
  • Tax Year: 2021
  • Assessor Parcel Number: 0709-133-1131-5

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2022
Closed on
Aug 5, 2022
Sold by
Kopp Brian J
Bought by
Palmatier Louis and Palmatier Duncan
Seller's Agent
Josh Blasi
Restaino & Associates
Buyer's Agent
Sam Eifert
Lindsay Gallagher & Associates
List Price
$395,000
Sold Price
$425,000
Premium/Discount to List
$30,000
7.59%
Views
7
Current Estimated Value
$645,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,059
Avg. Annual Appreciation
13.06%
Original Mortgage
$332,000
Outstanding Balance
$318,150
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$326,909

Purchase Details

Listed on
Apr 12, 2018
Closed on
May 31, 2018
Sold by
Dc Housding Llc
Bought by
Kopp Brian J
Seller's Agent
Donald Carter
Stark Company, REALTORS
Buyer's Agent
Ryan Koch
Keller Williams Realty
List Price
$325,000
Sold Price
$340,000
Premium/Discount to List
$15,000
4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%
Original Mortgage
$333,841
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 12, 2008
Sold by
Carter Donald J and Carter Pamela J
Bought by
Dc Housing Llc

Purchase Details

Closed on
Jul 27, 2006
Sold by
Dc Housing Llc
Bought by
Carter Donald J and Carter Pamela J
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
Palmatier Louis $425,000 None Listed On Document
Kopp Brian J $340,000 None Available
Dc Housing Llc -- None Available
Carter Donald J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmatier Louis $332,000
Previous Owner Kopp Brian J $333,841
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2022 08/05/22 Sold $425,000 +7.6% $243 / Sq Ft
06/16/2022 06/16/22 For Sale $395,000 +16.2% $226 / Sq Ft
05/31/2018 05/31/18 Sold $340,000 +4.6% $194 / Sq Ft View Prior Sale
04/23/2018 04/23/18 Pending -- -- --
04/18/2018 04/18/18 For Sale $325,000 -4.4% $186 / Sq Ft
04/12/2018 04/12/18 Off Market $340,000 -- --
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 $15,181 $433,500 $85,300 $348,200
2023 $7,680 $425,000 $85,300 $339,700
2021 $7,892 $371,100 $79,000 $292,100
2020 $7,560 $340,000 $73,800 $266,200
2019 $7,590 $340,000 $67,100 $272,900
2018 $7,271 $326,300 $64,500 $261,800
2017 $7,252 $296,600 $64,500 $232,100
2016 $6,805 $269,600 $59,700 $209,900
2015 $6,079 $254,300 $51,200 $203,100
2014 $6,083 $254,300 $51,200 $203,100
2013 $5,556 $244,500 $49,200 $195,300
Source: Public Records

Agents Affiliated with this Home

  • Josh Blasi

    Seller's Agent in 2022

    Josh Blasi

    Restaino & Associates

    (608) 695-0273

    2 in this area

    199 Total Sales

    Josh Blasi
    Section Image
  • Sam Eifert

    Buyer's Agent in 2022

    Sam Eifert

    Lindsay Gallagher & Associates

    (608) 279-8012

    1 in this area

    36 Total Sales

    Sam Eifert
    Section Image
  • Donald Carter

    Seller's Agent in 2018

    Donald Carter

    Stark Company, REALTORS

    (608) 212-1602

    51 Total Sales

    Donald Carter
    Section Image
  • Ryan Koch

    Buyer's Agent in 2018

    Ryan Koch

    Keller Williams Realty

    (608) 219-9766

    2 in this area

    109 Total Sales

    Ryan Koch
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1937012

South Central Wisconsin Multiple Listing Service

APN: 0709-133-1131-5

Wisconsin Dane County Madison 53703 Tenney-Lapham

650 E Johnson St, Madison, WI

Not Listed for Sale

MultiFamily

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