NOT LISTED FOR SALE

725 Pinecrest Dr Madison, WI 53714

Carpenter-Ridgeway Neighborhood

Estimated Value: $450,000 - $522,000

6 Beds
4 Baths
3,300 Sq Ft
$145/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $426,000 $129 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,931/month

12 Days on Market

Highlights

  • Wood Flooring
  • Property is near bus stop
  • Family Room
  • Eat-In Kitchen
  • Water Softener is Owned
  • Laundry Facilities

About This Home

As of December 2023

Single-party listing, entering as a potential sale comparable; however, property was not exposed to the open market. Buyer and seller were both typically motivated. Arm's length. Licensee interest. Conventional financing. Coin-op laundry is leased. Boiler heat. Long-term residents (all 4 had been there for at least 10 years).

Last Agent to Sell the Property

Matthew Pantzlaff

Homestead Realty License #73316-94 2092-10 Listed on: 10/01/2023

Homestead Realty

Last Buyer's Agent

The Hub Team

The Hub Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,944

Year Built

  • Built in 1955

Lot Details

  • 10,454

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Family Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • 8 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • 10,454 Sq Ft Lot
  • Property is near bus stop

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0810-324-2104-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,944

Year Built

Built in 1955

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 8

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside
  • Utilities: Separate elec meters

Schools

  • Elementary School: Hawthorne
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.24
  • Zoning: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 41340

Tax Info

  • Net Taxes: 5944
  • Tax Year: 2023
  • Assessor Parcel Number: 0810-324-2104-2

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of2 Bedrooms: 2
  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2023
Closed on
Dec 8, 2023
Sold by
Eau Claire Connection Llc
Bought by
4Bs Llc
Seller's Agent
Matthew Pantzlaff
Homestead Realty
Buyer's Agent
The Hub Team
The Hub Realty
List Price
$426,000
Sold Price
$426,000
Current Estimated Value
$477,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,721
Avg. Annual Appreciation
5.37%
Original Mortgage
$298,200
Outstanding Balance
$293,519
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$184,202

Purchase Details

Closed on
Jun 19, 2009
Sold by
Nelson Justin M
Bought by
Eau Claire Connection Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
4.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2006
Sold by
Gilbert Todd L
Bought by
Nelson Justin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
6.73%
Mortgage Type
Future Advance Clause Open End Mortgage
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
4Bs Llc $426,000 None Listed On Document
Eau Claire Connection Llc $235,000 None Available
Nelson Justin M $230,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4Bs Llc $298,200
Previous Owner Eau Claire Connection Llc $188,000
Previous Owner Nelson Justin M $207,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2023 12/08/23 Sold $426,000 0.0% $129 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
10/01/2023 10/01/23 For Sale $426,000 -- $129 / 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
2023 $5,944 $330,000 $87,000 $243,000
2022 $11,720 $300,000 $79,000 $221,000
2021 $6,493 $306,000 $72,000 $234,000
2020 $6,459 $291,000 $72,000 $219,000
2019 $6,169 $277,000 $72,000 $205,000
2018 $6,251 $281,000 $71,900 $209,100
2017 $5,870 $255,000 $71,900 $183,100
2016 $5,745 $243,000 $68,900 $174,100
2015 $5,515 $218,000 $68,900 $149,100
2014 $5,204 $218,000 $68,900 $149,100
2013 $5,222 $218,000 $68,900 $149,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Matthew Pantzlaff

    Homestead Realty

    (608) 239-0367

    1 in this area

    14 Total Sales

    Matthew Pantzlaff
    Section Image

  • T

    Buyer's Agent in 2023

    The Hub Team

    The Hub Realty

    (608) 556-4400

    4 in this area

    276 Total Sales

    The Hub Team
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1968422

South Central Wisconsin Multiple Listing Service

APN: 0810-324-2104-2

Wisconsin Dane County Madison 53714 Carpenter-Ridgeway

725 Pinecrest Dr, Madison, WI

Not Listed for Sale

MultiFamily

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