NOT LISTED FOR SALE

Estimated Value: $719,000 - $788,410

4 Beds
4 Baths
3,400 Sq Ft
$222/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $561,000 $165 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,954/month

10 Days on Market

Highlights

  • Balcony
  • Eat-In Kitchen
  • Central Air
  • Spring Harbor Middle School Rated A-
  • Property is near a bus stop
  • 5-minute walk to Elver Park

About This Home

As of April 2021

Fantastic income opportunity is yours! Six one-bedroom units always rented. Tenants responsible for all utilities. Electric baseboard heat, water heater, wall air conditioner, washer and dryer in each unit. Separately metered for electricity ($111/mo av) and water ($44/mo av). Ground floor units enter directly from private garage into apartment; upper level apartment private garages open into common area to gain entry to apartment. Quiet residential neighborhood adjacent to Elver Park, bus lines, close to shopping and thoroughfares. Spectrum internet and cable available if tenants contract directly with provider. The building has been owned and maintained by same owner since built and is waiting for you!

Last Agent to Sell the Property

Chuck Chvala

Custom Real Estate LLC License #22853-90 Listed on: 02/19/2021

Last Buyer's Agent

Grace Foemmel

OnePlus Realty Team License #73437-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,133

Year Built

  • Built in 1987

Lot Details

  • 0.3

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • Garage
  • Garage Door Opener

Schools

  • Anana Elementary School
  • Call School District Middle School
  • Memorial High School

Utilities

  • Central Air
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter
  • High Speed Internet

Additional Features

  • 2-Story Property
  • Balcony
  • 0.3 Acre Lot
  • Property is near a bus stop

Community Details

  • 6 Units
  • Net Operating Income $30,635

Listing and Financial Details

  • Assessor Parcel Number 0708-363-0607-1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,133

Year Built

Built in 1987

Lot Details

0

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 personal property
  • Items Included: Dishwasher, refrigerator, stove/oven, washer, dryer, water heater, air conditioner, garage opener in each of the units
  • Miscellaneous: Close to bus line, Internet - Cable, Internet - Fiber Avail
  • Noi Year: 2020
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 6
  • Number Dryers: 6
  • Number Refrigerators: 6
  • Number Stoves: 6
  • Number Units W Ac: 6
  • Number Washers: 6
  • Number Water Heaters: 6

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

  • Heating Fuel: Electric
  • Parking Stalls Inside: 6

Utilities

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

Fee Information

  • Total Expenses: 21325

Schools

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

Lot Info

  • Estimated Aces: 0.3
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 51960

Tax Info

  • Land Assessment: 70000
  • Improvements: 340000
  • Total Assessment: 410000
  • Assessment year: 2020
  • Net Taxes: 9133
  • Tax Year: 2020
  • Assessor Parcel Number: 0708-363-0607-1

Multi Family

  • Number Of1 Bedrooms: 6
  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
Apr 15, 2021
Sold by
Berman Properties Llc
Bought by
Vanguard Assets Management Llc
Seller's Agent
Chuck Chvala
Custom Real Estate LLC
Buyer's Agent
Grace Foemmel
OnePlus Realty Team
List Price
$589,000
Sold Price
$561,000
Premium/Discount to List
-$28,000
-4.75%
Current Estimated Value
$753,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,705
Avg. Annual Appreciation
5.55%
Original Mortgage
$448,800
Outstanding Balance
$409,575
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$302,226

Purchase Details

Closed on
Nov 20, 2018
Sold by
Berryman Frank W
Bought by
Berryman Properties Llc
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
Vanguard Assets Management Llc $561,000 Knight Barry Title
Berryman Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanguard Assets Management Llc $448,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $561,000 -4.8% $165 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $589,000 -- $173 / 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 $22,546 $617,000 $94,000 $523,000
2023 $11,372 $561,000 $85,000 $476,000
2021 $9,416 $431,000 $70,000 $361,000
2020 $9,133 $410,000 $70,000 $340,000
2019 $9,169 $410,000 $70,000 $340,000
2018 $10,090 $450,000 $70,000 $380,000
2017 $10,489 $453,000 $78,400 $374,600
2016 $10,372 $436,000 $75,400 $360,600
2015 $10,479 $436,000 $75,400 $360,600
2014 $10,485 $436,000 $75,400 $360,600
2013 $10,175 $423,000 $75,400 $347,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1902528

South Central Wisconsin Multiple Listing Service

APN: 0708-363-0607-1