NOT LISTED FOR SALE

702 W Olin Ave Unit 1 Madison, WI 53715

Bay Creek Neighborhood

Estimated Value: $424,000 - $678,000

5 Beds
2 Baths
2,037 Sq Ft
$264/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $286,000 $140 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $4,055/month

Highlights

  • Wood Flooring
  • Balcony
  • Property is near a bus stop
  • Hamilton Middle School Rated A
  • Eat-In Kitchen
  • Water Softener is Owned

About This Home

As of April 2018

Showings only allowed during open houses: Saturday 3/17 10:00-12:00 and Monday 3/19 4:00-6:00. Great investment opportunity close to downtown! Fully rented through August 2019. Instant cash flow. Property being sold as-is. Deep corner lot. Up & coming neighborhood of Bay Creek - great elementary schools, walking distance to Monona Bay. Slight view of capitol from 2nd floor porch. Unique characteristics - must see to appreciate! Great investment to expand your portfolio!

Last Agent to Sell the Property

Erik Taske

Madcity Management, LLC License #54543-90 Listed on: 03/14/2018

Last Buyer's Agent

Luke Lestikow

First Weber, Inc License #60063-94

First Weber, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,746

Year Built

  • Built in 1904

Lot Details

  • 7,841

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

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

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Schools

  • Franklin/Randall Elementary School
  • Hamilton Middle School
  • West High School

Utilities

  • Radiant Heating System
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • Balcony
  • 7,841 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-262-0513-3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,746

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Items Excluded: Tenants' personal belongings.
  • Items Included: Washer, dryer, water softener (owned), 2 refrigerators, 2 stoves, 2 dishwashers.
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Noi Year: 2017
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Furnaces: 2
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 1
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside

Schools

  • School District: Madison
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Elementary School: Franklin/Randall
  • High School: West
  • Middle School: Hamilton
  • School District: Madison

Lot Info

  • Estimated Aces: 0.18
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 28500

Tax Info

  • Land Assessment: 95300
  • Improvements: 111500
  • Total Assessment: 206800
  • Assessment year: 2017
  • Net Taxes: 4746
  • Tax Year: 2017
  • Assessor Parcel Number: 0709-262-0513-3

Multi Family

  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2023
Sold by
Sutter Timothy G and Sutter Kendra L
Bought by
Sutter Marissa L
Current Estimated Value
$537,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,912
Outstanding Balance
$260,748
Interest Rate
6.39%
Mortgage Type
Seller Take Back
Estimated Equity
$276,252

Purchase Details

Listed on
Mar 14, 2018
Closed on
Apr 30, 2018
Sold by
702 Olin Ave Llc
Bought by
Sutter Timothy G and Sutter Kendra L
Seller's Agent
Erik Taske
Madcity Management, LLC
Buyer's Agent
Luke Lestikow
First Weber, Inc
List Price
$285,000
Sold Price
$286,000
Premium/Discount to List
$1,000
0.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.84%

Purchase Details

Listed on
Apr 16, 2012
Closed on
Jun 4, 2012
Sold by
Hebl Thomas Lee
Bought by
702 Olin Ave Llc
Seller's Agent
Nicholas Conrad
Conrad Real Estate Services LLC
Buyer's Agent
Jeff Kuhl
First Weber Inc
List Price
$149,900
Sold Price
$110,000
Premium/Discount to List
-$39,900
-26.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.55%
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
Sutter Marissa L -- None Listed On Document
Sutter Timothy G $286,000 --
702 Olin Ave Llc $110,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sutter Marissa L $267,912
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2018 04/30/18 Sold $286,000 +0.4% $140 / Sq Ft
03/18/2018 03/18/18 Pending -- -- --
03/14/2018 03/14/18 For Sale $285,000 +159.1% $140 / Sq Ft
06/04/2012 06/04/12 Sold $110,000 -26.6% $54 / Sq Ft View Prior Sale
05/04/2012 05/04/12 Pending -- -- --
04/16/2012 04/16/12 For Sale $149,900 -- $74 / 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 $14,367 $410,500 $102,900 $307,600
2023 $6,923 $383,600 $96,200 $287,400
2021 $6,856 $322,900 $81,000 $241,900
2020 $6,639 $299,000 $81,000 $218,000
2019 $6,372 $286,000 $81,000 $205,000
2018 $4,812 $217,100 $95,300 $121,800
2017 $4,746 $206,800 $95,300 $111,500
2016 $4,878 $206,800 $95,300 $111,500
2015 $4,929 $206,800 $82,500 $124,300
2014 $4,932 $206,800 $82,500 $124,300
2013 $4,773 $188,000 $75,000 $113,000
Source: Public Records

Agents Affiliated with this Home

  • Erik Taske

    Seller's Agent in 2018

    Erik Taske

    Madcity Management, LLC

    (608) 219-9822

    6 Total Sales

    Erik Taske
    Section Image
  • Luke Lestikow

    Buyer's Agent in 2018

    Luke Lestikow

    First Weber, Inc

    (608) 215-0028

    132 Total Sales

    Luke Lestikow
    Section Image
  • Nicholas Conrad

    Seller's Agent in 2012

    Nicholas Conrad

    Conrad Real Estate Services LLC

    (608) 576-3887

    127 Total Sales

    Nicholas Conrad
    Section Image
  • Jeff Kuhl

    Buyer's Agent in 2012

    Jeff Kuhl

    First Weber Inc

    (608) 220-1543

    2 in this area

    80 Total Sales

    Jeff Kuhl
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1824643

South Central Wisconsin Multiple Listing Service

APN: 0709-262-0513-3

Wisconsin Dane County Madison 53715 Bay Creek

702 W Olin Ave Unit 1, Madison, WI

This home is located at 702 W Olin Ave Unit 1, Madison, WI 53715 since 14 March 2018 and is currently estimated at $537,000, approximately $263 per square foot. This property was built in 1904. 702 W Olin Ave Unit 1 is a home located in Dane County with nearby schools including Franklin Elementary School, Hamilton Middle School, and West 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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