$605,000
SOLD MAY 23, 2025
-- Bed
-- Bath
3,000 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$202 Per Sq Ft

2% Above List Price

2 Days on Market

Highlights

  • Eat-In Kitchen
  • Central Air
  • Laundry Facilities
  • Property is near a bus stop

About This Home

As of May 2025

Multi-family property at 705 Pinecrest Dr, Madison, WI. Features 2 units with 2 beds, 1 bath each, and 2 units with 1 bed, 1 bath each. Great for investors or owner-occupants seeking rental income. Located in a quiet neighborhood, this building offers living space, amenities, and off-street parking. Each 2-bed unit has open floor plans and kitchens. The 1-bed units provide efficient layouts. Near shopping, schools, and public transit. A rare opportunity to own an income-producing property in a prime location.

Last Agent to Sell the Property

The Hub Team

The Hub Realty Listed on: 04/10/2025

Last Buyer's Agent

Ken Brenner

Stark Company, REALTORS License #59073-90

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,944

Year Built

  • Built in 1957

Parking

  • 4 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Schools

  • Hawthorne Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Internet Available

Additional Features

  • Basement Fills Entire Space Under The House
  • 9,148 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0810-324-2106-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,944

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Items Excluded: Tenants Personal Property
  • Items Included: Refrigerator x 4, Oven/ Range x 4, Washer, Dryer
  • Miscellaneous: Shared laundry, Close to bus line, Internet -Fiber Available
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Dryers: 1
  • Number Refrigerators: 4
  • Number Stoves: 4
  • Number Units W Ac: 4
  • Number Washers: 1
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 4

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces
  • Utilities: Separate elec meters

Schools

  • School District: Madison
  • Elementary School: Hawthorne
  • Middle School: OKeeffe
  • High School: East
  • Elementary School: Hawthorne
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.21
  • Zoning: Res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 54000

Tax Info

  • Land Assessment: 85000
  • Improvements: 335000
  • Total Assessment: 420000
  • Assessment year: 2024
  • Net Taxes: 5944
  • Tax Year: 2023
  • Assessor Parcel Number: 0810-324-2106-8

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of2 Bedrooms: 2
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2025
Closed on
May 23, 2025
Sold by
Kling Llc
Bought by
Tkt Property Ventures Llc
Seller's Agent
The Hub Team
The Hub Realty
Buyer's Agent
Ken Brenner
Stark Company, REALTORS
List Price
$595,000
Sold Price
$605,000
Premium/Discount to List
$10,000
1.68%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-44.06%
Original Mortgage
$484,000
Outstanding Balance
$484,000
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$93,525

Purchase Details

Closed on
May 26, 2017
Sold by
Johnson Bruce A
Bought by
Kling Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,600
Interest Rate
4.03%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $605,000 Knight Barry Title
Warranty Deed $277,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $484,000 New Conventional
Previous Owner $1,075,000 Credit Line Revolving
Previous Owner $221,600 Future Advance Clause Open End Mortgage
Previous Owner $58,500 Credit Line Revolving
Previous Owner $196,725 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2025 05/23/25 Sold $605,000 +1.7% $202 / Sq Ft
04/12/2025 04/12/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $595,000 -- $198 / 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 $14,703 $420,000 $85,000 $335,000
2023 $5,944 $330,000 $77,000 $253,000
2021 $6,170 $291,000 $64,000 $227,000
2020 $6,144 $277,000 $64,000 $213,000
2019 $6,169 $277,000 $64,000 $213,000
2018 $6,160 $277,000 $63,400 $213,600
2017 $5,805 $252,200 $63,400 $188,800
2016 $5,678 $240,200 $60,400 $179,800
2015 $5,471 $216,200 $60,400 $155,800
2014 $5,160 $216,200 $60,400 $155,800
2013 $5,158 $216,200 $60,400 $155,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1997155

South Central Wisconsin Multiple Listing Service

APN: 0810-324-2106-8