NOT LISTED FOR SALE

836 E Gorham St Unit 1 Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $458,000 - $567,000

5 Beds
2 Baths
2,304 Sq Ft
$219/Sq Ft Est. Value

Last Sold November 26, 2024

Last sale price $459,185 $199 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,140/month

98 Days on Market

Highlights

  • Wood Flooring
  • Property is near a bus stop
  • Family Room
  • Balcony
  • Water Softener is Owned
  • 4-minute walk to Reynolds Park

About This Home

As of November 2024

2-unit apartment building leased thru August 14, 2025!! Investment opportunity on the near east side of Madison. Always rented due to location. Main level apartment has a private entrance, in-unit laundry, and off-street parking! The other apartment is a large 4-bedroom that spans both the 2nd and 3rd floors. Very popular floorplan. 2 of the 3 floors have hardwood flooring. Entire roof was replaced 1 year ago! Building was sprinklered to comply with city of Madison code to authorize 3rd floor use. Total gross annual income is $43,200. Priced at a 11 GIM and BELOW the assessed value! Check public documents for a whole bunch of additional information like income and expenses, building floorplan, and a full updates and features list with dates of replacements for capital improvements.

Last Agent to Sell the Property

Matthew Pantzlaff

Homestead Realty License #73316-94 2092-10 Listed on: 07/24/2024

Homestead Realty

Last Buyer's Agent

Stacy Ozanne

First Weber, Inc License #59333-90

First Weber, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,245

Year Built

  • Built in 1899

Lot Details

  • 2,962

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • Family Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Fire Sprinkler System

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • 6 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Radiant Heating System
  • Separate Meters
  • Water Softener is Owned
  • High Speed Internet

Additional Features

  • Balcony
  • 2,962 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Prospect Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0709-132-0713-4
  • $9,184 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,245

Year Built

Built in 1899

Lot Details

0

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 Excluded: Tenant's Personal Property
  • Items Included: In-unit Appliances, Review Addendum R
  • Miscellaneous: Close to bus line, Water Softener Owned, Building Sprinkler System, Internet - Cable
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 6

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.068
  • Zoning: TR-V2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 43200

Tax Info

  • Net Taxes: 8245
  • Tax Year: 2023
  • Assessor Parcel Number: 0709-132-0713-4

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Nov 26, 2024
Sold by
Badger Abroad Properties Llc
Bought by
Odle Taylor Kincaid and Gianitsis Joshua Michael
Seller's Agent
Matthew Pantzlaff
Homestead Realty
Buyer's Agent
Stacy Ozanne
First Weber, Inc
List Price
$499,900
Sold Price
$459,185
Premium/Discount to List
-$40,715
-8.14%
Views
79
Current Estimated Value
$503,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,246
Avg. Annual Appreciation
8.81%
Original Mortgage
$344,185
Outstanding Balance
$341,290
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$162,141

Purchase Details

Listed on
Jul 31, 2014
Closed on
Apr 3, 2015
Sold by
Howell Michael A
Bought by
Badger Abroad Properties Llc
Seller's Agent
Brittney Buchholz
Buchholz Home Team, LLC
Buyer's Agent
Matthew Pantzlaff
Homestead Realty
List Price
$280,000
Sold Price
$245,000
Premium/Discount to List
-$35,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$196,000
Interest Rate
3.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2012
Sold by
Greene Denis L and Greene Denis
Bought by
Howell Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,690
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 2011
Sold by
Greene Daniel D
Bought by
Greene Denis

Purchase Details

Closed on
Mar 18, 2005
Sold by
836 East Gorham Llc
Bought by
Greene Denise L and Greene Daniel D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,200
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Odle Taylor Kincaid $459,200 None Listed On Document
Odle Taylor Kincaid $459,200 None Listed On Document
Badger Abroad Properties Llc $245,000 None Available
Howell Michael A $170,000 None Available
Greene Denis -- None Available
Greene Denise L $199,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Odle Taylor Kincaid $344,185
Closed Odle Taylor Kincaid $344,185
Previous Owner Badger Abroad Properties Llc $196,000
Previous Owner Howell Michael A $165,690
Previous Owner Greene Denise L $159,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/26/2024 11/26/24 Sold $459,185 -3.3% $199 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
09/05/2024 09/05/24 Price Changed $474,900 -5.0% $206 / Sq Ft
07/24/2024 07/24/24 For Sale $499,900 +104.0% $217 / Sq Ft
04/03/2015 04/03/15 Sold $245,000 -12.5% $107 / Sq Ft View Prior Sale
02/19/2015 02/19/15 Pending -- -- --
07/31/2014 07/31/14 For Sale $280,000 -- $122 / 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 $17,104 $487,800 $109,800 $378,000
2023 $8,245 $455,900 $109,800 $346,100
2021 $8,163 $383,700 $101,700 $282,000
2020 $7,904 $355,300 $91,600 $263,700
2019 $7,342 $329,000 $84,800 $244,200
2018 $5,913 $266,000 $81,500 $184,500
2017 $6,127 $266,000 $76,200 $189,800
2016 $5,793 $245,000 $76,200 $168,800
2015 $4,924 $206,600 $63,600 $143,000
2014 $4,928 $206,600 $63,600 $143,000
2013 $4,700 $198,700 $61,200 $137,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Matthew Pantzlaff

    Homestead Realty

    (608) 239-0367

    2 in this area

    13 Total Sales

    Matthew Pantzlaff
    Section Image
  • Stacy Ozanne

    Buyer's Agent in 2024

    Stacy Ozanne

    First Weber, Inc

    (608) 358-4499

    1 in this area

    79 Total Sales

    Stacy Ozanne
    Section Image
  • Brittney Buchholz

    Seller's Agent in 2015

    Brittney Buchholz

    Buchholz Home Team, LLC

    (608) 370-4867

    14 Total Sales

    Brittney Buchholz
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1982216

South Central Wisconsin Multiple Listing Service

APN: 0709-132-0713-4

Wisconsin Dane County Madison 53703 Tenney-Lapham

836 E Gorham St Unit 1, Madison, WI

Not Listed for Sale

MultiFamily

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