NOT LISTED FOR SALE

Estimated Value: $973,000 - $1,162,000

12 Beds
2 Baths
4,342 Sq Ft
$241/Sq Ft Est. Value

Last Sold February 28, 2013

Last sale price $480,000 $111 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $6,363/month

626 Days on Market

Highlights

  • Balcony
  • Detached Garage
  • Property is near bus stop
  • Marquette Elementary Rated A-
  • Eat-In Kitchen
  • 3-minute walk to R. Richard Wagner Park

About This Home

As of February 2013

Must be closed concurrent with 842 Jenifer, sister building. 836: GRM, 8.6, GRMnu 8.7, Cap Rate 8.2, Debt C Ratio, 1.69. Cash on cash 16.7%. Excellent property. Sep furnaces and C/A. Parking, laundry. Full portfolio avail: 11 buildings, $3,254,000, Madison Isthmus. Prop management biz avail with portfolio: Mgmnt contracts ($41k/yr income) for non portfolio props, plus property manager, and office with equip and superb prop mgmnt software.

Last Agent to Sell the Property

Tom Christensen

South Central Non-Member License #29381-90 Listed on: 05/23/2011

Last Buyer's Agent

Michael Brusca

Exclusive Real Estate Group, Inc. License #53519-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,346

Year Built

  • Built in 1911

Lot Details

  • 5,544

Parking

  • Detached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Exterior Construction

Interior Spaces

  • Family Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Additional Features

  • Balcony
  • 5,544 Sq Ft Lot
  • Property is near bus stop

Listing and Financial Details

  • Assessor Parcel Number 0709-134-1428-4

Community Details

Overview

  • 3 Units
  • The community has rules related to parking rules

Additional Features

  • Laundry Facilities
  • Net Operating Income $38,959

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,346

Year Built

Built in 1911

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
  • Miscellaneous: Shared laundry, Close to bus line
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 2
  • Number Units W Ac: 3
  • Number Washers: 2

Exterior Features

  • Exterior: Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Detached, 2 spaces, Parking fee
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 14725

Schools

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

Lot Info

  • Estimated Lot Sq Ft: 5544
  • Zoning: R4 HIS
  • Lot Size: 42 x 132
  • Geo Subdivision: WI

Rental Info

  • Total Income: 55344

Tax Info

  • Net Taxes: 10346
  • Tax Year: 2011
  • Assessor Parcel Number: 0709-134-1428-4

Multi Family

  • Number Of3 Bedrooms: 3
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2011
Closed on
Feb 28, 2013
Sold by
Christensen Thomas R and Christensen Gladys C
Bought by
Schultz Investment Opportunities Llc
Seller's Agent
Tom Christensen
South Central Non-Member
Buyer's Agent
Michael Brusca
Exclusive Real Estate Group, Inc.
List Price
$595,000
Sold Price
$480,000
Premium/Discount to List
-$115,000
-19.33%
Current Estimated Value
$1,030,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$550,000
Avg. Annual Appreciation
6.22%

Purchase Details

Closed on
Mar 14, 2012
Sold by
Christensen Gladys C
Bought by
Christensen Gladys C and Gladys C Christensen Revocable Living Tr

Purchase Details

Closed on
Jun 22, 2011
Sold by
Christensen Gladys C
Bought by
Christensen Gladys C and Amended & Restated Christensen Revocable

Purchase Details

Closed on
Jan 4, 2010
Sold by
Christensen Thomas R and Christensen Harry J
Bought by
Christensen Thomas R and Christensen Harry J
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
Schultz Investment Opportunities Llc $960,000 None Available
Christensen Gladys C -- None Available
Christensen Gladys C -- None Available
Christensen Thomas R -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2013 02/28/13 Sold $480,000 -19.3% $111 / Sq Ft
02/07/2013 02/07/13 Pending -- -- --
05/23/2011 05/23/11 For Sale $595,000 -- $137 / 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
2023 $13,880 $764,200 $120,800 $643,400
2022 $29,042 $727,800 $115,000 $612,800
2021 $14,860 $693,100 $115,000 $578,100
2020 $14,341 $641,800 $108,500 $533,300
2019 $13,861 $611,200 $98,600 $512,600
2018 $14,717 $582,100 $94,800 $487,300
2017 $12,267 $529,200 $87,000 $442,200
2016 $13,453 $504,000 $79,800 $424,200
2015 $11,544 $480,000 $71,000 $409,000
2014 $11,551 $480,000 $71,000 $409,000
2013 $10,348 $452,500 $68,300 $384,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1625956

South Central Wisconsin Multiple Listing Service

APN: 0709-134-1428-4