NOT LISTED FOR SALE

6741 Jacobs Way Madison, WI 53711

Prairie Hills Neighborhood

Estimated Value: $715,725 - $757,000

8 Beds
8 Baths
4,400 Sq Ft
$168/Sq Ft Est. Value

Last Sold February 14, 2022

Last sale price $1,185,000 $269 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $5,578/month

14 Days on Market

Highlights

  • 0.62 Acre Lot
  • Detached Garage
  • 5-minute walk to Elver Park
  • Spring Harbor Middle School Rated A-
  • Water Softener is Owned

About This Home

As of February 2022

Showings begin 12/10/21. Fully leased, two Westside 4-unit apartment buildings being sold together. All 8 units include 2 bedroom and 2 bathrooms. One building has laundry in-unit. One building has coin operated shared laundry. Each unit includes 1-car, detached garage parking. Additional off-street parking is available. Owned by same owner for over 25 years! Owner believes rents may be under-market.

Last Agent to Sell the Property

Eric Breidel

Investment Realty Services LLC License #58198-90 Listed on: 12/04/2021

Last Buyer's Agent

Paul Haviland

Stark Company, REALTORS License #57800-90

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,816

Year Built

  • Built in 1987

Lot Details

  • 0.62 Acre Lot

Interior Spaces

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

Parking

  • Detached Garage
  • 12 Open Parking Spaces
  • Garage Door Opener
  • Outside Parking

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters
  • Water Softener is Owned

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 0708-363-0806-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,816

Year Built

Built in 1987

Lot Details

0.62 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: Personal property of the seller & tenants, Washer/Dryer in 6749 Jacobs
  • Items Included: 4: Washer/Dryers 8: Range/Ovens, Refrigerators, Dishwashers
  • Miscellaneous: Water Softener Owned
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 8
  • Number Dryers: 4
  • Number Units W Ac: 8
  • Number Washers: 4
  • Number Water Softeners: 4

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Parking Stalls Inside: 8
  • Parking Stalls Outside: 12

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.6227
  • Zoning: SR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 108444

Tax Info

  • Net Taxes: 17816
  • Tax Year: 2020
  • Assessor Parcel Number: 0708-363-0806-9

Multi Family

  • Number Of2 Bedrooms: 8
  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2025
Sold by
Abd-Elsayed Alaa
Bought by
Pyramids Llc
Current Estimated Value
$740,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,250
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2025
Sold by
Ascent Building Group Llc
Bought by
Abd-Elsayed Alaa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,250
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 4, 2021
Closed on
Feb 14, 2022
Sold by
Ripple Trust
Bought by
Ascent Building Group Llc
Seller's Agent
Eric Breidel
Investment Realty Services LLC
Buyer's Agent
Paul Haviland
Stark Company, REALTORS
List Price
$1,199,900
Sold Price
$1,185,000
Premium/Discount to List
-$14,900
-1.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.09%
Original Mortgage
$948,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2014
Sold by
Ripple Thomas D
Bought by
Ripple Trust
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
Pyramids Llc -- None Listed On Document
Abd-Elsayed Alaa $703,000 None Listed On Document
Ascent Building Group Llc $1,185,000 None Listed On Document
Ripple Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Abd-Elsayed Alaa $527,250
Previous Owner Ascent Building Group Llc $948,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2022 02/14/22 Sold $1,185,000 -1.2% $269 / Sq Ft
12/04/2021 12/04/21 For Sale $1,199,900 -- $273 / 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
2024 $20,793 $592,000 $103,000 $489,000
2023 $10,733 $592,000 $94,000 $498,000
2022 $20,240 $515,000 $85,000 $430,000
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 $8,035 $347,800 $77,000 $270,800
2016 $7,946 $334,800 $74,000 $260,800
2015 $8,029 $334,800 $74,000 $260,800
2014 $8,033 $334,800 $74,000 $260,800
2013 $7,798 $324,800 $74,000 $250,800
Source: Public Records

Agents Affiliated with this Home

  • Eric Breidel

    Seller's Agent in 2022

    Eric Breidel

    Investment Realty Services LLC

    (608) 332-3337

    4 in this area

    85 Total Sales

    Eric Breidel
    Section Image
  • Paul Haviland

    Buyer's Agent in 2022

    Paul Haviland

    Stark Company, REALTORS

    (608) 843-4442

    4 in this area

    371 Total Sales

    Paul Haviland
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1924712

South Central Wisconsin Multiple Listing Service

APN: 0708-363-0806-9

Wisconsin Dane County Madison 53711 Prairie Hills

6741 Jacobs Way, Madison, WI

Not Listed for Sale

MultiFamily

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