NOT LISTED FOR SALE

Estimated Value: $552,000 - $1,601,918

8 Beds
6 Baths
3,600 Sq Ft
$275/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $1,500,000 $417 Per Sq Ft

Est. 34% decrease in value since last sale

Current estimated payment $6,260/month

Highlights

  • Balcony
  • Property is near a bus stop
  • Water Softener is Owned
  • Spring Harbor Middle School Rated A-
  • Central Air
  • Washer and Dryer

About This Home

As of July 2014

Sold comp. 16 total units, 2 8 unit buildings. Complete exterior renovation in 2008. Fully leased with waiting list.

Last Agent to Sell the Property

Cari Wuebben

Encore Real Estate Services, I License #53878-90 Listed on: 05/22/2014

Last Buyer's Agent

Andrew Stebnitz

Restaino & Associates License #56513-90

Restaino & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,813

Year Built

  • Built in 1985

Lot Details

  • 436

Home Design

  • Brick Exterior Construction
  • Press Board Siding
  • Stone Exterior Construction

Interior Spaces

  • Low Emissivity Windows
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • Garage
  • Garage Door Opener

Schools

  • Call School District Elementary And Middle School
  • Memorial High School

Utilities

  • Central Air
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Balcony
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 0708-133-1707-5

Community Details

Overview

  • 16 Units
  • Saukborough Subdivision

Building Details

  • Net Operating Income $107,463

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,813

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Noi Year: 2013
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 16
  • Number Dryers: 16
  • Number Refrigerators: 16
  • Number Stoves: 16
  • Number Units W Ac: 16
  • Number Washers: 16
  • Number Water Heaters: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Brick, Pressed board, Stone

Garage/Parking

  • Heating Fuel: Electric

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Opener inc
  • Utilities: Separate elec meters

Fee Information

  • Total Expenses: 54393

Schools

  • School District: Madison
  • Elementary School: Call School District
  • Middle School: Call School District
  • High School: Memorial
  • Elementary School: Call School District
  • High School: Memorial
  • Middle School: Call School District
  • School District: Madison

Lot Info

  • Zoning: PUD
  • Geo Subdivision: WI

Green Features

  • Energy Efficient Green: Low E Windows

Rental Info

  • Total Income: 168600

Tax Info

  • Land Assessment: 240000
  • Improvements: 910000
  • Total Assessment: 1150000
  • Assessment year: 2014
  • Net Taxes: 28813
  • Tax Year: 2013
  • Assessor Parcel Number: 0708-133-1707-5

Multi Family

  • Number Of2 Bedrooms: 16
  • Number Of Units: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2014
Closed on
Jul 31, 2014
Sold by
Settlers Woods Apartments Llc
Bought by
Normandy Partners Llc
Seller's Agent
Cari Wuebben
Encore Real Estate Services, I
Buyer's Agent
Andrew Stebnitz
Restaino & Associates
List Price
$1,500,000
Sold Price
$1,500,000
Current Estimated Value
$989,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$510,694
Avg. Annual Appreciation
-3.86%
Original Mortgage
$1,275,000
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 29, 2008
Sold by
Opitz Real Estate Lp
Bought by
Settlers Woods Apartments Llc
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 Buyer Sale Price Title Company
Normandy Partners Llc $1,500,000 None Available
Settlers Woods Apartments Llc $1,250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Normandy Partners Llc $1,537,500
Closed Normandy Partners Llc $1,275,000
Previous Owner Settlers Woods Apartments Llc $1,243,476
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2014 07/31/14 Sold $1,500,000 0.0% $417 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
05/22/2014 05/22/14 For Sale $1,500,000 -- $417 / 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 $42,426 $1,203,000 $132,000 $1,071,000
2023 $19,908 $1,094,000 $132,000 $962,000
2021 $17,930 $838,000 $132,000 $706,000
2020 $17,850 $798,000 $132,000 $666,000
2019 $16,748 $746,000 $132,000 $614,000
2018 $15,911 $710,000 $132,000 $578,000
2017 $18,305 $788,000 $132,000 $656,000
2016 $18,810 $788,000 $120,000 $668,000
2015 $18,082 $575,000 $120,000 $455,000
2014 $13,852 $575,000 $120,000 $455,000
2013 $13,275 $575,000 $120,000 $455,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1723680

South Central Wisconsin Multiple Listing Service

APN: 0708-133-1707-5