NOT LISTED FOR SALE

Estimated Value: $646,375 - $725,000

8 Beds
4 Baths
4,400 Sq Ft
$159/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $330,000 $75 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $4,335/month

81 Days on Market

Highlights

  • Balcony
  • Fireplace
  • Property is near bus stop
  • Spring Harbor Middle School Rated A-
  • Attached Garage
  • 5-minute walk to Elver Park

About This Home

As of May 2014

4 unit apartment building located on Madison's west side off Gammon Rd. near Elver Park. These are 1,100 sq. ft. 2 bedroom units with an attached one car garage, full bath and fireplace. The second floor units have high vaulted ceilings and really are spacious. There are 4 hot water heaters, onsite laundry and storage units in the basement level. Fully leased with an annual income of $40,320 with tenants paying heat, electric and hot water.

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 01/24/2014

Last Buyer's Agent

Art Luetke

Luetke Investment Real Estate License #25925-90

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.32

Home Design

  • Vinyl Siding

Interior Spaces

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

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • Attached Garage
  • Outside Parking

Schools

  • Anana Elementary School
  • Jefferson Middle School
  • Memorial High School

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters

Additional Features

  • Balcony
  • Property is near bus stop

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0708-363-0618-8

Property Details

Home Type

Multi-Family

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
  • Miscellaneous: Shared laundry, Close to bus line
  • Year Built: 1987
  • 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: Vinyl, Aluminum/Steel

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant

Utilities

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

Schools

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

Lot Info

  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 40320

Tax Info

  • Net Taxes: 8961
  • Tax Year: 2013
  • Assessor Parcel Number: 0708-363-0618-8

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2021
Sold by
Patriawan Handy and Widjaja Erika W
Bought by
Fox Bros Llc
Current Estimated Value
$700,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Outstanding Balance
$370,504
Interest Rate
3.05%
Mortgage Type
Commercial
Estimated Equity
$329,590

Purchase Details

Listed on
Jan 24, 2014
Closed on
May 30, 2014
Sold by
Duesing Michael R and Duesing Jonathan J
Bought by
Patriawan Handy and Widjaja Erika W
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Art Luetke
Luetke Investment Real Estate
List Price
$349,900
Sold Price
$330,000
Premium/Discount to List
-$19,900
-5.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.63%
Original Mortgage
$247,500
Interest Rate
4.34%
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
Fox Bros Llc $505,000 Knight Barry Title
Patriawan Handy $330,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fox Bros Llc $404,000
Previous Owner Patriawan Handy $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2014 05/30/14 Sold $330,000 -5.7% $75 / Sq Ft
04/15/2014 04/15/14 Pending -- -- --
01/24/2014 01/24/14 For Sale $349,900 -- $80 / 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
2023 $9,599 $530,000 $94,000 $436,000
2022 $19,844 $505,000 $85,000 $420,000
2021 $8,944 $420,000 $77,000 $343,000
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 $7,923 $343,000 $77,000 $266,000
2016 $7,831 $330,000 $74,000 $256,000
2015 $7,912 $374,300 $74,000 $300,300
2014 $8,990 $374,300 $74,000 $300,300
2013 $10,643 $363,300 $74,000 $289,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1704918

South Central Wisconsin Multiple Listing Service

APN: 0708-363-0618-8

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