NOT LISTED FOR SALE

722 Mayfair Ave Unit 2 Madison, WI 53714

Hawthorne Neighborhood

Estimated Value: $298,000 - $489,000

4 Beds
2 Baths
1,980 Sq Ft
$186/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $330,000 $167 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,898/month

49 Days on Market

Highlights

  • Eat-In Kitchen
  • Dining Room
  • Family Room

About This Home

As of May 2024

Showings start Friday Feb., 9, 15 Hour notice for all showings. Newly remodeled 2 unit that has great income ready for you to take right over. Each unit has 2 bedrooms and one bath with one parking stall out front. There is a washer and dryer available for tenant, and a storage shed for one of the units. Professionals pictures will be taken and uploaded Thursday evening.

Last Agent to Sell the Property

Team GRA

Century 21 Affiliated Listed on: 02/06/2024

Last Buyer's Agent

Cheng Real Estat Group

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,219

Year Built

  • Built in 1978

Lot Details

  • 5,227 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Family Room
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Basement Windows

Parking

  • 2 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters

Community Details

  • 2 Units
  • Clyde A Gallagher Park Subd Second Add, Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0810-324-2507-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,219

Year Built

Built in 1978

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: Seller and tenants personal items.
  • Items Included: See Addendum R in documents.
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 1
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space, Outside
  • 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: 0.12
  • Zoning: R4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 30000

Tax Info

  • Land Assessment: 43800
  • Improvements: 246500
  • Total Assessment: 290300
  • Assessment year: 2023
  • Net Taxes: 5219
  • Tax Year: 2023
  • Assessor Parcel Number: 0810-324-2507-8

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2024
Closed on
May 15, 2024
Sold by
Martinez Marvin R
Bought by
Jiang James and Yi Jiaqi
Seller's Agent
Team GRA
Century 21 Affiliated
Buyer's Agent
Cheng Real Estat Group
Real Broker LLC
List Price
$335,000
Sold Price
$330,000
Premium/Discount to List
-$5,000
-1.49%
Views
260
Current Estimated Value
$368,572

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,572
Avg. Annual Appreciation
0.66%
Original Mortgage
$247,500
Outstanding Balance
$245,121
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$87,719

Purchase Details

Listed on
Aug 16, 2022
Closed on
Sep 30, 2022
Sold by
Glenn And Brenda Lockwood Living Trust
Bought by
Martinez Marvin R
Seller's Agent
Team GRA
Century 21 Affiliated
Buyer's Agent
Team GRA
Century 21 Affiliated
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.69%
Original Mortgage
$187,500
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2020
Sold by
Lockwood Glenn A and Lockwood Brenda S
Bought by
Lockwood Glenn A and Brenda Lockwood Living Trust
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
Jiang James $330,000 None Listed On Document
Jiang James $330,000 None Listed On Document
Martinez Marvin R $250,000 --
Lockwood Glenn A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jiang James $247,500
Closed Jiang James $247,500
Previous Owner Martinez Marvin R $187,500
Previous Owner Lockwood Glenn A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $330,000 -1.5% $167 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $335,000 +34.0% $169 / Sq Ft
09/30/2022 09/30/22 Sold $250,000 0.0% $126 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
08/16/2022 08/16/22 For Sale $250,000 -- $126 / 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 $10,727 $307,700 $46,400 $261,300
2023 $5,218 $290,300 $43,800 $246,500
2021 $5,072 $239,900 $32,700 $207,200
2020 $4,821 $218,100 $29,500 $188,600
2019 $4,606 $207,700 $28,100 $179,600
2018 $4,600 $207,700 $28,100 $179,600
2017 $4,326 $188,800 $25,500 $163,300
2016 $4,328 $171,600 $25,500 $146,100
2015 $3,917 $171,200 $25,500 $145,700
2014 $4,070 $171,200 $25,500 $145,700
2013 $4,081 $164,600 $24,500 $140,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Team GRA

    Century 21 Affiliated

    (608) 825-7552

    2 in this area

    121 Total Sales

    Team GRA
    Section Image

  • C

    Buyer's Agent in 2024

    Cheng Real Estat Group

    Real Broker LLC

    (608) 957-2683

    1 in this area

    400 Total Sales

    Cheng Real Estat Group
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1970701

South Central Wisconsin Multiple Listing Service

APN: 0810-324-2507-8

Wisconsin Dane County Madison 53714 Hawthorne

722 Mayfair Ave Unit 2, Madison, WI

This home is located at 722 Mayfair Ave Unit 2, Madison, WI 53714 since 06 February 2024 and is currently estimated at $368,572, approximately $186 per square foot. This property was built in 1978. 722 Mayfair Ave Unit 2 is a home located in Dane County with nearby schools including Hawthorne Elementary School, O'Keeffe Middle, and East 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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