NOT LISTED FOR SALE

705 W Olin Ave Madison, WI 53715

Bay Creek Neighborhood

Estimated Value: $392,000 - $601,000

6 Beds
3 Baths
2,270 Sq Ft
$225/Sq Ft Est. Value

Last Sold November 27, 2024

Last sale price $515,000 $227 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,629/month

40 Days on Market

Highlights

  • Colonial Architecture
  • Sun or Florida Room
  • Den
  • Hamilton Middle School Rated A
  • Mud Room
  • Detached Garage

About This Home

As of November 2024

Beautifully updated 6-bed, 3-bath home, ideally located near downtown Madison! This private, oversized lot, offers endless possibilities for outdoor activities, gardening, and relaxation. The bright and open main level has been thoughtfully refreshed with modern upgrades, including fresh paint, sleek flooring, a stylish new bathroom, convenient laundry hookups, and a stunning pallet accent wall. The versatile lower level features its own private entrance, full kitchen, spacious bedroom, cozy den/office, laundry and inviting living area—perfect for rental income or extended family. A large detached garage with alley access provides ample storage. Nestled in a peaceful neighborhood just minutes from downtown’s vibrant dining, shopping, and entertainment. Includes a backup generator!

Last Agent to Sell the Property

Daniel Tenney

MHB Real Estate Brokerage Phone: 608-709-9886 License #55376-90 Listed on: 09/12/2024

Last Buyer's Agent

Alexis Venter

Sprinkman Real Estate License #93644-94

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,422

Year Built

  • Built in 1923

Lot Details

  • 7,405

Parking

  • Detached Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Mud Room
  • Den
  • Sun or Florida Room
  • Laundry on main level

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Schools

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

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Radiant Heating System

Additional Features

  • Standby Generator
  • 7,405 Sq Ft Lot
  • Dwelling with Separate Living Area

Community Details

  • Bay Creek Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,422

Year Built

Built in 1923

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: 2 story
  • Architecture: Colonial
  • Items Excluded: Sellers Personal Property
  • Items Included: Refrigerator, Range/Oven, Dishwasher, Disposal, Washer/Dryer,
  • Year Built: 1923
  • Above Grade Sold Price Per Sq Ft: 365.25
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Above Grade Finished Sq Ft: 1410
  • Finished Non Exp Sq Ft: 860
  • Finished Sq Ft: 2270
  • Bedrooms: 6
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Total Full Bathrooms: 3
  • Master Bedroom: Dimensions: 12x11, On Level: M
  • Bedroom 2: Dimensions: 9x10, On Level: M
  • Bedroom 3: Dimensions: 11x12, On Level: U
  • Bedroom 4: Dimensions: 10x11, On Level: U
  • Bedroom 5: Dimensions: 8x11, On Level: U
  • Kitchen: Dimensions: 6x14, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Dishwasher
  • Living Room: Dimensions: 19x11, On Level: M
  • Dining Room: Dimensions: 12x11, On Level: M
  • Family Room: Dimensions: 15x11, On Level: L
  • Other Rooms: Bedroom, Den/Office, Mud Room, Sun Room
  • Other Room 1: Sun Room, Dimensions: 7x23, On Level: M
  • Other Room 2: Den/Office, Dimensions: 7x22, On Level: L
  • Other Room 3: Bedroom, Dimensions: 12x11, On Level: L
  • Other Room 4: Mud Room, Dimensions: 11x10, On Level: M
  • Laundry: On Level: M
  • Basement: Full, Walkout to yard, Partially finished, Sump pump
  • Interior Amenities: Walk-in closet(s), Separate living quarters
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Backup Generator

Garage/Parking

  • Driveway: Paved
  • Garage: 2 car, Detached
  • Total Full Garage Stalls: 2

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Radiant, Zoned Heating, Window AC
  • Water Waste: Municipal water, Municipal sewer

Schools

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

Lot Info

  • Estimated Aces: 0.17
  • Zoning: Res
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 5422
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Nov 27, 2024
Sold by
Hennessey Rob H and Hennessey Sarah M
Bought by
705 West Olin Llc
Seller's Agent
Daniel Tenney
MHB Real Estate
Buyer's Agent
Alexis Venter
Sprinkman Real Estate
List Price
$574,900
Sold Price
$515,000
Premium/Discount to List
-$59,900
-10.42%
Views
129
Current Estimated Value
$511,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,596
Avg. Annual Appreciation
-0.54%
Original Mortgage
$412,000
Outstanding Balance
$408,600
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$102,804

Purchase Details

Closed on
Dec 7, 2023
Sold by
Hennessey Ramona A and Hennessey Mark P
Bought by
Hennessey Rob H and Hennessey Sarah M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2012
Sold by
Hennessey Robert D and Hennessey Romona A
Bought by
Hennessey Mark P and Hennessey John R
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
705 West Olin Llc $515,000 None Listed On Document
705 West Olin Llc $515,000 None Listed On Document
Hennessey Rob H $250,000 None Listed On Document
Hennessey Mark P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 705 West Olin Llc $412,000
Closed 705 West Olin Llc $412,000
Previous Owner Hennessey Rob H $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2024 11/27/24 Sold $515,000 -1.9% $227 / Sq Ft
10/09/2024 10/09/24 Price Changed $524,900 -8.7% $231 / Sq Ft
09/12/2024 09/12/24 For Sale $574,900 -- $253 / 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 $11,620 $348,100 $108,600 $239,500
2023 $5,422 $319,400 $99,600 $219,800
2022 $10,993 $295,700 $92,200 $203,500
2021 $5,390 $268,800 $83,800 $185,000
2020 $5,371 $251,200 $83,800 $167,400
2019 $5,150 $241,500 $80,600 $160,900
2018 $4,963 $232,200 $66,000 $166,200
2017 $4,685 $207,300 $66,000 $141,300
2016 $4,663 $201,300 $64,100 $137,200
2015 $4,483 $184,400 $53,000 $131,400
2014 $4,258 $184,400 $53,000 $131,400
2013 $4,113 $167,600 $48,200 $119,400
Source: Public Records

Agents Affiliated with this Home

  • Daniel Tenney

    Seller's Agent in 2024

    Daniel Tenney

    MHB Real Estate

    (608) 333-5362

    3 in this area

    1,676 Total Sales

    Daniel Tenney
    Section Image
  • Alexis Venter

    Buyer's Agent in 2024

    Alexis Venter

    Sprinkman Real Estate

    (224) 725-9681

    1 in this area

    22 Total Sales

    Alexis Venter
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1985620

South Central Wisconsin Multiple Listing Service

APN: 0709-264-0111-1

Wisconsin Dane County Madison 53715 Bay Creek

705 W Olin Ave, Madison, WI

Not Listed for Sale

Detached

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