NOT LISTED FOR SALE

731 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $507,000 - $543,878

3 Beds
1 Bath
1,153 Sq Ft
$451/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $370,000 $321 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,247/month

11 Days on Market

Highlights

  • Lake Front
  • National Folk Architecture
  • Great Room
  • Vaulted Ceiling
  • Wood Flooring
  • 4-minute walk to James Madison Park

About This Home

As of July 2020

Showings Begin 5/30/2020. WOW. This meticulous, colorful, newly updated home is bursting with oodles of charm and style. Located directly across from Lake Mendota & James Madison Park & walking distance to downtown, local eateries & much much more! The spacious, open concept living rm & chef's kitchen has been lovingly updated with high-end furnishings and overlooks a new deck with walk out to the fenced in backyard and lounge area. Perfect for entertaining. The main level bath has been completely redone w/ a state of the art shower & luxury bidet. Head on upstairs and you will find 2 spacious bedrooms, tons of storage & bamboo flooring throughout. In addition to the $75k in updates, there are newer windows & roof, newer mechanicals & room to grow in the walk out basement.

Last Agent to Sell the Property

Heather Weasler

Real Broker LLC License #76027-94 Listed on: 05/25/2020

Last Buyer's Agent

Lindsey Cooper

Lauer Realty Group, Inc. License #86706-94

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,207

Year Built

  • Built in 1901

Lot Details

  • 3,920 Sq Ft Lot
  • Lake Front
  • Fenced Yard
  • Property is zoned TR-V2

Parking

  • Paved Parking

Home Design

  • National Folk Architecture
  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Entrance Foyer
  • Great Room
  • Den
  • Wood Flooring
  • Water Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Partially Finished Basement

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

Schools

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

Utilities

  • Forced Air Cooling System
  • Water Softener
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,207

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: 2 story
  • Architecture: Bungalow, National Folk/Farm
  • Items Excluded: Personal property of seller.
  • Items Included: Refrigerator, Range/Oven, Microwave, Dishwasher, washer, dryer, Some Window coverings, Armoire
  • Year Built: 1901
  • Above Grade Sold Price Per Sq Ft: 366.7
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Above Grade Finished Sq Ft: 1009
  • Finished Non Exp Sq Ft: 144
  • Finished Sq Ft: 1153
  • Bedrooms: 3
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 14x12, On Level: M
  • Bedroom 2: Dimensions: 9x13, On Level: U
  • Bedroom 3: Dimensions: 12x12, On Level: U
  • Kitchen: Dimensions: 10x17, On Level: M
  • Kitchen Features: Breakfast bar, Kitchen Island, Range/Oven, Refrigerator, Dishwasher, Microwave, Disposal
  • Living Room: On Level: M
  • Dining Room: Dimensions: 8x16, On Level: M
  • Other Rooms: Den/Office, Foyer
  • Other Room 1: Den/Office, Dimensions: 10x13, On Level: L
  • Other Room 2: Foyer, Dimensions: 8x8, On Level: M
  • Laundry: On Level: L
  • Basement: Full, Full Size Windows/Exposed, Walkout to yard, Partially finished
  • Interior Amenities: Wood or sim. wood floor, Great room, Vaulted ceiling, Washer, Dryer, Water softener inc, Cable available, At Least 1 tub
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Waterfront: Waterview-No frontage, Lake
  • Exterior: Vinyl
  • Exterior Features: Fenced Yard

Garage/Parking

  • Driveway: Paved

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Forced air, Central air
  • Water Waste: Municipal water, Municipal sewer

Schools

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

Lot Info

  • Estimated Aces: 0.09
  • Zoning: TR-V2
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 6207
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2020
Closed on
Jul 10, 2020
Sold by
Ludwig Corin M and Frost Matthew J
Bought by
Mullens Lucas
Seller's Agent
Heather Weasler
Real Broker LLC
Buyer's Agent
Lindsey Cooper
Lauer Realty Group, Inc.
List Price
$350,000
Sold Price
$370,000
Premium/Discount to List
$20,000
5.71%
Current Estimated Value
$520,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,470
Avg. Annual Appreciation
6.44%
Original Mortgage
$314,500
Outstanding Balance
$279,395
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$241,075

Purchase Details

Listed on
Apr 15, 2014
Closed on
Jun 23, 2014
Sold by
Berkley Derek and Berkley Lorie
Bought by
Ludwig Corin M and Frost Matthew J A
Seller's Agent
Noelle Stevens
MadisonFlatFeeHomes.com
Buyer's Agent
Heather Weasler
Real Broker LLC
List Price
$229,900
Sold Price
$235,000
Premium/Discount to List
$5,100
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.79%
Original Mortgage
$188,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2011
Sold by
Berkley Lorie and Jensen Lorie L
Bought by
Berkley Lorie and Berkley Derek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,100
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2006
Sold by
Ress Lorie and Ress Lorie Lynn
Bought by
Jensen Lorie L

Purchase Details

Closed on
Sep 29, 2005
Sold by
Jensen Lori and Ress Lorie
Bought by
Ress Lorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
5.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2005
Sold by
Ress Peter Michael
Bought by
Ress Lorie Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
5.82%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Mullens Lucas $370,000 Nations Title
Ludwig Corin M $235,000 None Available
Berkley Lorie -- None Available
Jensen Lorie L -- None Available
Ress Lorie -- None Available
Ress Lorie Lynn -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mullens Lucas $314,500
Previous Owner Ludwig Corin M $188,000
Previous Owner Berkley Lorie $121,100
Previous Owner Ress Lorie Lynn $123,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2020 07/10/20 Sold $370,000 +5.7% $321 / Sq Ft
05/29/2020 05/29/20 For Sale $350,000 -5.4% $304 / Sq Ft
05/27/2020 05/27/20 Off Market $370,000 -- --
05/25/2020 05/25/20 For Sale $350,000 +48.9% $304 / Sq Ft
06/23/2014 06/23/14 Sold $235,000 +2.2% $204 / Sq Ft View Prior Sale
04/17/2014 04/17/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $229,900 -- $199 / 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 $15,791 $465,900 $135,600 $330,300
2023 $7,469 $431,400 $135,600 $295,800
2021 $7,566 $370,000 $135,600 $234,400
2020 $6,854 $317,200 $135,600 $181,600
2019 $6,208 $288,400 $123,300 $165,100
2018 $5,979 $277,300 $118,600 $158,700
2017 $6,252 $277,300 $98,800 $178,500
2016 $5,926 $256,800 $91,500 $165,300
2015 $5,485 $211,100 $78,400 $132,700
2014 $4,905 $211,100 $78,400 $132,700
2013 $4,645 $203,000 $75,400 $127,600
Source: Public Records

Agents Affiliated with this Home

  • Heather Weasler

    Seller's Agent in 2020

    Heather Weasler

    Real Broker LLC

    (608) 333-4553

    2 in this area

    42 Total Sales

    Heather Weasler
    Section Image
  • Lindsey Cooper

    Buyer's Agent in 2020

    Lindsey Cooper

    Lauer Realty Group, Inc.

    (608) 354-3864

    2 in this area

    126 Total Sales

    Lindsey Cooper
    Section Image
  • Noelle Stevens

    Seller's Agent in 2014

    Noelle Stevens

    MadisonFlatFeeHomes.com

    (608) 209-4154

    175 Total Sales

    Noelle Stevens
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1884171

South Central Wisconsin Multiple Listing Service

APN: 0709-132-1406-4

Wisconsin Dane County Madison 53703 Tenney-Lapham

731 E Gorham St, Madison, WI

Not Listed for Sale

Detached

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