NOT LISTED FOR SALE

815 E Johnson St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $822,000 - $857,050

2 Beds
4 Baths
1,803 Sq Ft
$466/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $741,638 $411 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,226/month

23 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating System
  • 3-minute walk to Reynolds Park
  • Property is near bus stop
  • Family Room

About This Home

As of February 2024

5-unit rental just off E. Johnson St. and N. Livingston St., this property offers a prime location for both tenants and investors. The property features a private driveway with access to 5 parking stalls in the back, ensuring convenient parking for residents. Each unit has its own unique layout, with Apt#1 and Apt#3 offering studios with one bath, Apt#2 and Apt#4 featuring one bedroom with one bath, and Apt#5 with two bedrooms and one bath. The shared laundry facilities in the basement add to the convenience and desirability of this property. With a newer roof, newer water heater, beautiful hardwood floors, and some updates already in place, this property is a solid investment opportunity. Walking distance to Festival Foods and many local restaurants. Room to increase rents.

Last Agent to Sell the Property

James Stopple

Madison Property Management, Inc. License #12003-90 Listed on: 12/26/2023

Co-Listed By

Tony Xiong

Madison Property Management, Inc. License #69875-94

Last Buyer's Agent

Jeff Schraml

Century 21 Affiliated License #49690-94

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,462

Year Built

  • Built in 1906

Lot Details

  • 4,356

Interior Spaces

  • 3-Story Property
  • Family Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • 5 Open Parking Spaces
  • Outside Parking

Schools

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

Additional Features

  • 4,356 Sq Ft Lot
  • Property is near bus stop
  • Forced Air Heating System

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-132-1036-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,462

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Items Excluded: tenants personal property
  • Items Included: 5 stoves, 5 fridges, 1 furnace, 1 water heater, 2 dish washers,
  • Miscellaneous: Close to bus line
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 5

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside

Schools

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

Lot Info

  • Estimated Aces: 0.1
  • Zoning: NMX, WP-24
  • Geo Subdivision: WI

Rental Info

  • Total Income: 60780

Tax Info

  • Net Taxes: 11462
  • Tax Year: 2022
  • Assessor Parcel Number: 0709-132-1036-9

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of2 Bedrooms: 1
  • Number Of Efficiencies: 2
  • Number Of Units: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2024
Sold by
Toyama Raymond
Bought by
Far Mountain Llc
Current Estimated Value
$839,525

Purchase Details

Listed on
Dec 26, 2023
Closed on
Feb 6, 2024
Sold by
Orton Park Llc
Bought by
Toyama Raymond
Seller's Agent
James Stopple
Madison Property Management, Inc.
Buyer's Agent
Jeff Schraml
Century 21 Affiliated
List Price
$749,900
Sold Price
$741,638
Premium/Discount to List
-$8,262
-1.1%
Views
65

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%

Purchase Details

Closed on
Aug 20, 2012
Sold by
815 East Johnson Street Llc
Bought by
Orton Park 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
Far Mountain Llc -- None Listed On Document
Toyama Raymond $741,700 None Listed On Document
Orton Park Llc $318,600 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2024 02/09/24 Sold $741,638 -1.1% $411 / Sq Ft
12/26/2023 12/26/23 For Sale $749,900 -- $416 / 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 $26,069 $741,000 $88,000 $653,000
2023 $10,788 $595,000 $80,000 $515,000
2021 $10,832 $491,000 $66,000 $425,000
2020 $10,313 $446,000 $65,300 $380,700
2019 $9,890 $425,000 $65,300 $359,700
2018 $9,435 $405,000 $65,300 $339,700
2017 $9,772 $405,000 $65,300 $339,700
2016 $10,042 $405,000 $59,300 $345,700
2015 $9,656 $383,000 $59,300 $323,700
2014 $9,201 $383,000 $59,300 $323,700
2013 $8,493 $372,000 $59,300 $312,700
Source: Public Records

Agents Affiliated with this Home

  • James Stopple

    Seller's Agent in 2024

    James Stopple

    Madison Property Management, Inc.

    (608) 516-8272

    5 in this area

    91 Total Sales

    James Stopple
    Section Image
  • Tony Xiong

    Seller Co-Listing Agent in 2024

    Tony Xiong

    Madison Property Management, Inc.

    (608) 347-7842

    4 in this area

    66 Total Sales

    Tony Xiong
    Section Image
  • Jeff Schraml

    Buyer's Agent in 2024

    Jeff Schraml

    Century 21 Affiliated

    (608) 873-1626

    1 in this area

    96 Total Sales

    Jeff Schraml
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1968805

South Central Wisconsin Multiple Listing Service

APN: 0709-132-1036-9

Wisconsin Dane County Madison 53703 Tenney-Lapham

815 E Johnson St, Madison, WI

Not Listed for Sale

MultiFamily

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