NOT LISTED FOR SALE

739 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $547,000 - $1,340,520

4 Beds
2 Baths
1,986 Sq Ft
$380/Sq Ft Est. Value

Last Sold August 22, 2019

Last sale price $349,900 $176 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $5,259/month

58 Days on Market

Highlights

  • Water Views
  • Balcony
  • Accessible Bedroom
  • Wood Flooring
  • Fireplace
  • 4-minute walk to Reynolds Park

About This Home

As of August 2019

Great opportunity to own income property in the heart of Madison. Two unit on the Isthmus across from Lake Mendota/James Madison Park. This 2-flat features lake views, 2 car attached garage, vinyl siding ,two furnaces, hardwood floors, French doors, fireplace and two porches. Unit 1 rented thru 8/14/2020 and unit 2 rented thru 8/14/19.

Last Agent to Sell the Property

Tommy Van Ess

First Weber Inc License #56689-90 Listed on: 05/13/2019

First Weber Inc

Co-Listed By

Laura Callahan

First Weber Inc License #74324-94

Last Buyer's Agent

David Pausch

Weichert, Realtors- Lakepoint License #83555-94

Weichert, Realtors- Lakepoint

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,219

Year Built

  • Built in 1937

Lot Details

  • 4,356

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Dining Room
  • Wood Flooring
  • Water Views
  • Partial Basement
  • Oven or Range

Parking

  • 2 Covered Spaces
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

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

Additional Features

  • Balcony
  • 4,356 Sq Ft Lot
  • Property is near a bus stop
  • Water Softener is Owned

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-132-1404-8

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,219

Year Built

Built in 1937

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
  • Barrier Free: First floor bedroom, First floor full bath
  • Items Included: Water heater, water softener, washer and dryer, refrigerators, ovens
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Waterfront: Waterview-No frontage
  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Parking Stalls Inside: 2
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Attached, 1 space, Outside

Schools

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

Lot Info

  • Estimated Aces: 0.1
  • Zoning: TR-V2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 29400

Tax Info

  • Net Taxes: 7219
  • Tax Year: 2018
  • Assessor Parcel Number: 0709-132-1404-8

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2019
Closed on
Aug 22, 2019
Sold by
Lodo Llc
Bought by
Beeson Peter and Thelen Richard
Seller's Agent
Tommy Van Ess
First Weber Inc
Buyer's Agent
David Pausch
Weichert, Realtors- Lakepoint
List Price
$399,900
Sold Price
$349,900
Premium/Discount to List
-$50,000
-12.5%
Current Estimated Value
$755,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,230
Avg. Annual Appreciation
12.88%
Original Mortgage
$332,405
Outstanding Balance
$291,125
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$464,005

Purchase Details

Closed on
Mar 1, 2012
Sold by
Moody Douglas M and Moody Lora L
Bought by
Lodo Llc
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
Beeson Peter $349,900 None Available
Lodo Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beeson Peter $332,405
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2019 08/22/19 Sold $349,900 0.0% $176 / Sq Ft
06/28/2019 06/28/19 Price Changed $349,900 -5.2% $176 / Sq Ft
06/12/2019 06/12/19 Price Changed $369,000 -7.7% $186 / Sq Ft
05/13/2019 05/13/19 For Sale $399,900 -- $201 / 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 $15,635 $446,300 $130,500 $315,800
2023 $7,170 $397,100 $130,500 $266,600
2021 $7,372 $346,900 $120,800 $226,100
2020 $7,715 $346,900 $112,900 $234,000
2019 $7,595 $340,200 $102,600 $237,600
2018 $7,219 $324,000 $98,700 $225,300
2017 $7,300 $316,300 $98,700 $217,600
2016 $6,812 $287,500 $91,400 $196,100
2015 $6,488 $271,200 $78,300 $192,900
2014 $6,493 $271,200 $78,300 $192,900
2013 $5,932 $260,800 $75,300 $185,500
Source: Public Records

Agents Affiliated with this Home

  • Tommy Van Ess

    Seller's Agent in 2019

    Tommy Van Ess

    First Weber Inc

    (608) 395-7375

    214 Total Sales

    Tommy Van Ess
    Section Image
  • Laura Callahan

    Seller Co-Listing Agent in 2019

    Laura Callahan

    First Weber Inc

    (608) 235-7869

    224 Total Sales

    Laura Callahan
    Section Image
  • David Pausch

    Buyer's Agent in 2019

    David Pausch

    Weichert, Realtors- Lakepoint

    (608) 395-7777

    46 Total Sales

    David Pausch
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1857456

South Central Wisconsin Multiple Listing Service

APN: 0709-132-1404-8

Wisconsin Dane County Madison 53703 Tenney-Lapham

739 E Gorham St, Madison, WI

Not Listed for Sale

MultiFamily

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