NOT LISTED FOR SALE

701 N Thompson Dr Unit 1 Madison, WI 53704

Ridgewood Neighborhood

Estimated Value: $745,000 - $926,000

8 Beds
8 Baths
4,000 Sq Ft
$202/Sq Ft Est. Value

Last Sold March 14, 2013

Last sale price $355,000 $89 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $6,211/month

Highlights

  • Balcony
  • Accessible Bedroom
  • Property is near a bus stop
  • Level Entry For Accessibility
  • Accessible Full Bathroom
  • 4-minute walk to Sycamore Park

About This Home

As of March 2013

This is a great rental property that has been well maintained. Units have 2 bedrooms, 2 bathrooms and a walk in closet. Also attached garages and full size washer and dryers. Nice yard space for the tenants to enjoy. Has had great rental history and low $ spend on advertising, just a sign in the yard brings new tenants. Vaulted ceilings on the second floor. New roof, downspouts and ridge vents.

Last Agent to Sell the Property

Jane Marie Pechauer

JMP Properties License #31561-90 Listed on: 09/12/2012

Last Buyer's Agent

Patrick Martin

Patrick J Martin Real Estate LLC License #25745-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,618

Year Built

  • Built in 1992

Lot Details

  • 0.35

Home Design

  • Brick Exterior Construction
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Dining Room
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • Garage
  • Garage Door Opener

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Level Entry For Accessibility

Schools

  • Schenk Elementary School
  • Whitehorse Middle School
  • Lafollette High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Balcony
  • Property is near a bus stop

Community Details

  • 4 Units
  • Net Operating Income $31,371

Listing and Financial Details

  • Assessor Parcel Number 0810-343-1201-7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,618

Year Built

Built in 1992

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
  • Barrier Free: Ramped or level entrance, First floor bedroom, First floor full bath
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Noi Year: 2011
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 4
  • Number Dryers: 4
  • Number Furnaces: 4
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Units W Ac: 4
  • Number Washers: 4
  • Number Water Heaters: 4
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel, Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

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

Fee Information

  • Total Expenses: 7264

Schools

  • School District: Madison
  • Elementary School: Schenk
  • Middle School: Whitehorse
  • High School: Lafollette
  • Elementary School: Schenk
  • High School: Lafollette
  • Middle School: Whitehorse
  • School District: Madison

Lot Info

  • Zoning: R4
  • Lot Size: 108x135 approx
  • Geo Subdivision: WI

Rental Info

  • Total Income: 38636

Tax Info

  • Land Assessment: 74500
  • Improvements: 302900
  • Total Assessment: 377400
  • Assessment year: 2011
  • Net Taxes: 8618
  • Tax Year: 2011
  • Assessor Parcel Number: 0810-343-1201-7

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2024
Sold by
Vanden Brook Michael M
Bought by
S7 Llc
Current Estimated Value
$809,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Outstanding Balance
$1,774,325
Interest Rate
6.79%
Estimated Equity
-$964,992

Purchase Details

Closed on
May 2, 2022
Sold by
Four Wood Properties Llc
Bought by
Vanden Brook Michael M

Purchase Details

Closed on
Mar 9, 2015
Sold by
701 N Thompson Llc
Bought by
Four Wood Properties Llc

Purchase Details

Closed on
May 12, 2014
Sold by
Vanden Brook Victoria W and Vanden Brook Michael M
Bought by
701 N Thompson Llc

Purchase Details

Listed on
Sep 12, 2012
Closed on
Feb 25, 2013
Sold by
Holten Vicki R
Bought by
Vanden Brook Michael M and Vanden Brook Victoria W
Seller's Agent
Jane Marie Pechauer
JMP Properties
Buyer's Agent
Patrick Martin
Patrick J Martin Real Estate LLC
List Price
$379,900
Sold Price
$355,000
Premium/Discount to List
-$24,900
-6.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.75%
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
S7 Llc $4,800,000 None Listed On Document
Vanden Brook Michael M -- None Listed On Document
Four Wood Properties Llc $369,400 Attorney
701 N Thompson Llc -- None Available
Vanden Brook Michael M $355,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open S7 Llc $1,800,000
Open S7 Llc $3,020,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2013 03/14/13 Sold $355,000 -6.6% $89 / Sq Ft
02/15/2013 02/15/13 Pending -- -- --
09/12/2012 09/12/12 For Sale $379,900 -- $95 / 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 $23,201 $660,000 $106,000 $554,000
2023 $11,153 $615,000 $99,000 $516,000
2021 $10,470 $491,000 $82,000 $409,000
2020 $10,436 $468,000 $82,000 $386,000
2019 $9,981 $446,000 $82,000 $364,000
2018 $9,345 $418,400 $81,500 $336,900
2017 $8,959 $387,400 $81,500 $305,900
2016 $9,207 $387,400 $74,500 $312,900
2015 $8,866 $369,400 $74,500 $294,900
2014 $8,872 $369,400 $74,500 $294,900
2013 $8,618 $358,400 $74,500 $283,900
Source: Public Records

Agents Affiliated with this Home

  • Jane Marie Pechauer

    Seller's Agent in 2013

    Jane Marie Pechauer

    JMP Properties

    (608) 221-3644

    34 Total Sales

    Jane Marie Pechauer
    Section Image

  • P

    Buyer's Agent in 2013

    Patrick Martin

    Patrick J Martin Real Estate LLC

    (608) 223-1330

    13 Total Sales

    Patrick Martin
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1666287

South Central Wisconsin Multiple Listing Service

APN: 0810-343-1201-7

Wisconsin Dane County Madison 53704 Ridgewood

701 N Thompson Dr Unit 1, Madison, WI

This home is located at 701 N Thompson Dr Unit 1, Madison, WI 53704 since 12 September 2012 and is currently estimated at $809,333, approximately $202 per square foot. This property was built in 1992. 701 N Thompson Dr Unit 1 is a home located in Dane County with nearby schools including Schenk Elementary School, Whitehorse Middle School, and La Follette High School.

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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