NOT LISTED FOR SALE

6709 Jacobs Way Madison, WI 53711

Prairie Hills Neighborhood

Estimated Value: $697,000 - $752,000

8 Beds
8 Baths
4,400 Sq Ft
$164/Sq Ft Est. Value

Sale Details

Date Sold: May 5, 2023

Last sale price $630,000 $143 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,894 / mo

3 Days on Market

Highlights

  • Balcony
  • Detached Garage
  • Home Security System
  • Spring Harbor Middle School Rated A-
  • Eat-In Kitchen
  • Property is near bus stop

About This Home

As of May 2023

Investors dream! Excellent opportunity and upside in this well maintained symmetrical 4-unit building. Currently under-rented with market rents of $1,300+/unit. Tenants pay electric (heat). 4-units all 2 bdrm/2 full bath with 1,100 sq/ft, private balcony/patio and private garages! Extremely well maintained over the years with many recent updates including new roof (2022), all new auto-garage doors, unit 3 full gut rehab, paint, carpet. Coin-op W/D for extra income. Upper level units feature cathedral ceilings. Close to schools, parks, bike trails, shopping and bus line. Professionally managed. Leases and financials on file/available upon request. Unit 1 lease end 08/31/23 and available for owner occupancy. Please do not trespass on property or disturb tenants without a scheduled showing.

Last Agent to Sell the Property

Cheng Real Estat Group

Real Broker LLC Listed on: 04/13/2023

Last Buyer's Agent

Mamad Baladi

Real Broker LLC License #59618-90

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,872

Year Built

  • Built in 1986

Lot Details

  • 0.32

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • Detached Garage
  • Garage Door Opener

Schools

  • Anana Elementary School
  • Toki Middle School
  • Memorial High School

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • Balcony
  • 13,939 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0708-363-0802-7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,872

Year Built

Built in 1986

Lot Details

0.32 Acres

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Items Excluded: Tenant's personal items.
  • Items Included: Range/Oven x4, Refrigerator x4, Dishwasher x4, Wall A/C units 4, Washer x1, Dryer x1.
  • Miscellaneous: Security system, Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 4
  • Number Dryers: 1
  • Number Units W Ac: 4
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel, Wood

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Parking Stalls Inside: 4

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Detached, Opener inc
  • Utilities: Separate elec meters

Schools

  • Elementary School: Anana
  • High School: Memorial
  • Middle School: Toki
  • School District: Madison

Lot Info

  • Estimated Aces: 0.32
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 50580

Tax Info

  • Net Taxes: 8872
  • Tax Year: 2022
  • Assessor Parcel Number: 0708-363-0802-7

Multi Family

  • Number Of2 Bedrooms: 4
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
May 5, 2023
Sold by
Apic Llc
Bought by
6709 Jacobs Way Llc
Seller's Agent
Cheng Real Estat Group
Real Broker LLC
Buyer's Agent
Mamad Baladi
Real Broker LLC
List Price
$629,000
Sold Price
$630,000
Premium/Discount to List
$1,000
0.16%
Views
16
Current Estimated Value
$723,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,751
Avg. Annual Appreciation
4.70%

Purchase Details

Listed on
Jul 13, 2020
Closed on
Aug 17, 2020
Sold by
Heiden Rebecca
Bought by
Apic Llc
Seller's Agent
Sona Olson
Real Broker LLC
Buyer's Agent
Jack Cheng
Real Broker LLC
List Price
$411,000
Sold Price
$411,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.00%
Original Mortgage
$328,800
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2013
Sold by
Driver Dennis W
Bought by
Heiden Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
4.38%
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
6709 Jacobs Way Llc $630,000 None Listed On Document
Apic Llc $411,000 None Available
Heiden Rebecca $280,000 Dane County Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Apic Llc $328,800
Previous Owner Heiden Rebecca $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/05/2023 05/05/23 Sold $630,000 +0.2% $143 / Sq Ft
04/13/2023 04/13/23 For Sale $629,000 +53.0% $143 / Sq Ft
08/17/2020 08/17/20 Sold $411,000 0.0% $374 / Sq Ft View Prior Sale
07/13/2020 07/13/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $411,000 -- $374 / Sq Ft
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 $12,367 $667,800 $103,000 $564,800
2023 $9,599 $530,000 $94,000 $436,000
2022 $17,744 $452,000 $85,000 $367,000
2021 $8,750 $411,000 $77,000 $334,000
2020 $8,908 $400,000 $77,000 $323,000
2019 $8,944 $400,000 $77,000 $323,000
2018 $8,142 $365,000 $77,000 $288,000
2017 $7,713 $334,000 $77,000 $257,000
2016 $6,632 $280,000 $74,000 $206,000
2015 $6,702 $280,000 $74,000 $206,000
2014 $6,706 $280,000 $74,000 $206,000
2013 $8,463 $351,700 $74,000 $277,700
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Cheng Real Estat Group

    Real Broker LLC

    (608) 957-2683

    8 in this area

    420 Total Sales

    Cheng Real Estat Group
    Section Image
  • Mamad Baladi

    Buyer's Agent in 2023

    Mamad Baladi

    Real Broker LLC

    (608) 347-7776

    2 in this area

    13 Total Sales

    Mamad Baladi
    Section Image
  • Sona Olson

    Seller's Agent in 2020

    Sona Olson

    Real Broker LLC

    (608) 770-1896

    62 Total Sales

    Sona Olson
    Section Image
  • Jack Cheng

    Buyer's Agent in 2020

    Jack Cheng

    Real Broker LLC

    (608) 957-2683

    3 in this area

    142 Total Sales

    Jack Cheng
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1953520

South Central Wisconsin Multiple Listing Service

APN: 0708-363-0802-7

Wisconsin Dane County Madison 53711 Prairie Hills

6709 Jacobs Way, Madison, WI

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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