NOT LISTED FOR SALE

722 W Olin Ave Unit 1 Madison, WI 53715

Bay Creek Neighborhood

Estimated Value: $418,000 - $573,000

3 Beds
2 Baths
1,500 Sq Ft
$310/Sq Ft Est. Value

Sale Details

Date Sold: November 1, 2021

Last sale price $305,000 $203 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,144 / mo

4 Days on Market

Highlights

  • Wood Flooring
  • Detached Garage
  • Dining Room
  • Randall Elementary School Rated A
  • Forced Air Heating System
  • Family Room

About This Home

As of November 2021

Great opportunity to own a 2-flat on a large corner lot in Bay Creek along the booming Park Street Corridor. Property has a great rental history with 2 bedroom main level unit and 1 bedroom upper level unit. Currently vacant to allow for owner/occupant or redevelopment. So many possibilities near hospitals, capitol, and UW campus. Updates include garage doors (2018), water heater (2019), and roof (2019). 2 car detached garage and large backyard.

Last Agent to Sell the Property

Stuart Meland

Madcityhomes.Com License #51242-90 Listed on: 10/13/2021

Last Buyer's Agent

Katie Schmitz

The Hub Realty License #58120-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,240

Year Built

  • Built in 1940

Lot Details

  • 7,841 Sq Ft Lot

Parking

  • Detached Garage

Home Design

  • Duplex
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • Family Room
  • Dining Room
  • Wood Flooring
  • Washer and Dryer

Basement

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

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 2 Units
  • Bay Creek Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0709-262-0508-4

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,240

Year Built

Built in 1940

Lot Details

7,841 Sq Ft Lot

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 Included: 2 refrigerators, 2 ranges, dishwasher, washer, dryer
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard, Poured concrete foundatn
  • Number Dish Washers: 1
  • Number Dryers: 1
  • Number Washers: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 2
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Detached
  • Utilities: Separate elec meters, Separate gas meters

Schools

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

Lot Info

  • Estimated Aces: 0.18
  • Zoning: RES
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 6240
  • Tax Year: 2020
  • Assessor Parcel Number: 0709-262-0508-4

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 1
  • Number Of Units: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Nov 1, 2021
Sold by
Bought by
Seller's Agent
Stuart Meland
Madcityhomes.Com
Buyer's Agent
Katie Schmitz
The Hub Realty
List Price
$315,000
Sold Price
$305,000
Premium/Discount to List
-$10,000
-3.17%
Current Estimated Value
$464,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,277
Avg. Annual Appreciation
9.25%
Original Mortgage
$228,750
Outstanding Balance
$205,807
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$258,470
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$305,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $228,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/01/2021 11/01/21 Sold $305,000 -3.2% $203 / Sq Ft
10/13/2021 10/13/21 For Sale $315,000 -- $210 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,144 $387,800 $102,900 $284,900
2024 $12,314 $352,500 $102,900 $249,600
2023 $7,244 $329,400 $96,200 $233,200
2022 $12,615 $305,000 $89,100 $215,900
2021 $6,171 $288,900 $81,000 $207,900
2020 $6,240 $267,500 $81,000 $186,500
2019 $5,955 $267,500 $81,000 $186,500
2018 $5,161 $232,600 $88,400 $144,200
2017 $5,091 $221,500 $88,400 $133,100
2016 $5,232 $221,500 $88,400 $133,100
2015 $5,285 $221,500 $76,600 $144,900
2014 $5,288 $221,500 $76,600 $144,900
2013 $4,564 $201,400 $69,600 $131,800
Source: Public Records

Agents Affiliated with this Home

  • Stuart Meland

    Seller's Agent in 2021

    Stuart Meland

    Madcityhomes.Com

    (608) 438-3150

    5 in this area

    523 Total Sales

    Stuart Meland
    Section Image
  • Katie Schmitz

    Buyer's Agent in 2021

    Katie Schmitz

    The Hub Realty

    (608) 556-4400

    2 in this area

    28 Total Sales

    Katie Schmitz
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1921882

South Central Wisconsin Multiple Listing Service

APN: 0709-262-0508-4

Wisconsin Dane County Madison 53715 Bay Creek

722 W Olin Ave Unit 1, Madison, WI

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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