$702,000
SOLD MAR 10, 2025
-- Bed
-- Bath
-- Sq Ft
0.3 Acres

Recently Sold

6% Above List Price

7 Days on Market

Highlights

  • Vaulted Ceiling
  • Balcony
  • Fireplace
  • Spring Harbor Middle School Rated A-
  • Detached Garage
  • 5-minute walk to Elver Park

About This Home

As of March 2025

Delayed until 1/22; show 1/23. Well-maintained 4-unit apartment building in a prime location! Each of the 4 units are spacious with 2-beds & 2-baths & a private 1-car garage. Market rents for this type of floor plan in this area is $1550+/month for updated units & $1450+/month without updates. The property has ample additional parking available behind the building. Conveniently located near parks, public transit, & easy access to downtown, making it a great choice for tenants or an owner-occupied investment. Coin-operated laundry provides extra monthly income. Whether you're looking to grow your portfolio or secure a home with rental income potential, this property offers an excellent opportunity!

Last Agent to Sell the Property

Paul Haviland

Stark Company, REALTORS Brokerage Phone: 608-843-4442 License #57800-90 Listed on: 01/21/2025

Stark Company, REALTORS

Last Buyer's Agent

KWANG BYOUNG PARK

Lannon Stone Realty LLC License #95793-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,397

Year Built

  • Built in 1987

Interior Spaces

  • En-Suite Primary Bedroom
  • 2-Story Property
  • Vaulted Ceiling
  • Fireplace
  • Family Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Basement

  • Walk-Out Basement
  • Partial Basement
  • Shared Basement
  • Crawl Space

Parking

  • Detached Garage
  • Outside Parking

Outdoor Features

  • Balcony
  • Outdoor Storage

Schools

  • Anana Elementary School
  • Ezekiel Gillespie Middle School
  • Memorial High School

Utilities

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

Additional Features

  • 0.3 Acre Lot
  • Property is near bus stop

Listing and Financial Details

  • Assessor Parcel Number 0708-363-0807-7

Community Details

Overview

  • 4 Units
  • Park Ridge Heights Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,397

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 Included: 4 range/oven, 4 refrigerators, 4 dishwashers, 1 coin-operated washer, 1 coin-operated dryer
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Walkout to yard, Crawl space
  • Number Dish Washers: 4
  • Number Dryers: 1
  • Number Units W Ac: 4
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

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

Utilities

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

Schools

  • Elementary School: Anana
  • High School: Memorial
  • Middle School: Ezekiel Gillespie
  • School District: Madison

Lot Info

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

Rental Info

  • Total Income: 61920

Tax Info

  • Net Taxes: 10397
  • Tax Year: 2024
  • Assessor Parcel Number: 0708-363-0807-7

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2025
Closed on
Mar 10, 2025
Sold by
Ascent Building Group Llc
Bought by
Sheykh Bashir
Seller's Agent
Paul Haviland
Stark Company, REALTORS
Buyer's Agent
KWANG BYOUNG PARK
Lannon Stone Realty LLC
List Price
$664,000
Sold Price
$702,000
Premium/Discount to List
$38,000
5.72%
Views
30
Current Estimated Value
$731,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,021
Avg. Annual Appreciation
4.71%
Original Mortgage
$526,500
Outstanding Balance
$523,852
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$207,169

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
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $702,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $526,500 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2025 03/10/25 Sold $702,000 +5.7% --
01/29/2025 01/29/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $664,000 -5.4% --
01/21/2025 01/21/25 Off Market $702,000 -- --
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 $7,853 $340,000 $77,000 $263,000
2016 $7,673 $323,400 $74,000 $249,400
2015 $7,752 $323,400 $74,000 $249,400
2014 $7,757 $323,400 $74,000 $249,400
2013 $7,558 $314,400 $74,000 $240,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1992175

South Central Wisconsin Multiple Listing Service

APN: 0708-363-0807-7