NOT LISTED FOR SALE

718 E Johnson St Unit 1 Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $392,000 - $492,000

4 Beds
2 Baths
1,665 Sq Ft
$265/Sq Ft Est. Value

Last Sold February 20, 2020

Last sale price $237,000 $142 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $3,324/month

8 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating System
  • 4-minute walk to Reynolds Park
  • Property is near a bus stop
  • Wood Siding

About This Home

As of February 2020

Two flat offers unbeatable location and price! Features include hardwood floors, private entryway and close to all of Madison’s favorite attractions. Room for rents to increase. Unit 1: Two bedroom currently rented at $895/mo+$40/mo for water/sewer. Lease expires on 8/14/20. Unit 2: Two bedroom rented at $895/mo+ $40/mo for water/sewer. Tenant(s) renewed for another year at $910/mo + $40/mo for water/sewer. New lease term starts 8/16/20 with an expiration date of 8/14/21. Tenant pays own electric and heating is split 50/50 between the two units. See attached docs for rent roll & floor plans. Measurements are approx.

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 11/27/2019

Co-Listed By

Lindsey Kramer

Madison Property Management, Inc. License #85851-94

Last Buyer's Agent

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 11/27/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,969

Year Built

  • Built in 1874

Lot Details

  • 4,356

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Wood Siding

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Schools

  • Lapham/Marquette Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Separate Water Meter

Additional Features

  • Partial Basement
  • 4,356 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 070913214171

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,969

Year Built

Built in 1874

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 flat-up and down
  • Items Excluded: All tenants and sellers personal belongings
  • Items Included: 2 refrigerators, 2 stoves, 1 furnace and 1 water heater
  • Miscellaneous: Close to bus line
  • Year Built: 1874
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial

Exterior Features

  • Exterior: Wood

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Utilities: Separate elec meters, Separate water meters

Schools

  • Elementary School: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.1
  • Zoning: TR-V2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 22440

Tax Info

  • Net Taxes: 4969
  • Tax Year: 2018
  • Assessor Parcel Number: 070913214171

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2019
Closed on
Feb 20, 2020
Sold by
J Alvin Properties Llc
Bought by
Gomez Juan
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
James Stopple
Madison Property Management, Inc.
List Price
$249,900
Sold Price
$237,000
Premium/Discount to List
-$12,900
-5.16%
Current Estimated Value
$441,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,710
Avg. Annual Appreciation
11.21%
Original Mortgage
$225,150
Outstanding Balance
$199,468
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$242,242

Purchase Details

Closed on
Oct 1, 2012
Sold by
Klund Kelly T
Bought by
J Alvin Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
3.66%
Mortgage Type
Commercial
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
Gomez Juan $237,000 None Available
J Alvin Properties Llc $140,000 Wisconsin Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Juan $225,150
Previous Owner J Alvin Properties Llc $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2020 02/20/20 Sold $237,000 -5.2% $142 / Sq Ft
12/09/2019 12/09/19 For Sale $249,900 0.0% $150 / Sq Ft
12/05/2019 12/05/19 Pending -- -- --
11/27/2019 11/27/19 For Sale $249,900 -- $150 / 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 $12,108 $346,700 $97,800 $248,900
2023 $5,834 $324,000 $97,800 $226,200
2021 $5,010 $237,000 $90,600 $146,400
2020 $5,630 $254,100 $84,700 $169,400
2019 $5,229 $235,300 $77,000 $158,300
2018 $4,969 $224,100 $74,000 $150,100
2017 $4,673 $203,700 $74,000 $129,700
2016 $4,360 $185,200 $68,500 $116,700
2015 $4,152 $174,700 $58,700 $116,000
2014 $4,155 $174,700 $58,700 $116,000
2013 $3,888 $168,000 $56,400 $111,600
Source: Public Records

Agents Affiliated with this Home

  • James Stopple

    Seller's Agent in 2020

    James Stopple

    Madison Property Management, Inc.

    (608) 516-8272

    5 in this area

    91 Total Sales

    James Stopple
    Section Image
  • Lindsey Kramer

    Seller Co-Listing Agent in 2020

    Lindsey Kramer

    Madison Property Management, Inc.

    (608) 212-7866

    7 Total Sales

    Lindsey Kramer
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1873098

South Central Wisconsin Multiple Listing Service

APN: 0709-132-1417-1

Wisconsin Dane County Madison 53703 Tenney-Lapham

718 E Johnson St Unit 1, Madison, WI

Not Listed for Sale

MultiFamily

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