NOT LISTED FOR SALE

8409 Elderberry Rd Madison, WI 53717

Junction Ridge Neighborhood

Estimated Value: $733,000 - $869,000

6 Beds
6 Baths
3,116 Sq Ft
$252/Sq Ft Est. Value

Last Sold September 06, 2022

Last sale price $615,000 $197 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,007/month

6 Days on Market

Highlights

  • Vaulted Ceiling
  • Fireplace
  • En-Suite Primary Bedroom
  • Spring Harbor Middle School Rated A-
  • Attached Garage
  • Property is near bus stop

About This Home

As of September 2022

A duplex investment opportunity in an ideal location to own rental property! Great rental history with room to increase. West side duplex with UW Madison-owned farmland backing up to the property. Enjoy west side living conveniences with a quiet, country-like feel in the backyard. Located near area park, restaurants, grocery store, shops, fitness centers, bus, and main commuter roads. Each unit has 1,558 finished square feet and includes 3 beds, 2.5 baths, vaulted ceiling and gas fireplace, kitchen with large walk-in pantry, and dining room. Primary suite has walk-in closet and bath. 2nd bed has walk-in closet. Each unit also has an attached 2-car garage, private deck, and full unfinished basement with washer/dryer. New roof and landscaping '17. New central air conditioning for each '22.

Last Agent to Sell the Property

Seth Pfaehler

The McGrady Group, LLC License #58575-90 Listed on: 08/08/2022

Co-Listed By

Matt McGrady

The McGrady Group, LLC License #53795-90

Last Buyer's Agent

Cheng Real Estat Group

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,234

Year Built

  • Built in 1995

Lot Details

  • 0.25

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2-Story Property
  • Vaulted Ceiling
  • Fireplace
  • Family Room
  • Basement
  • Basement Windows
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher

Parking

  • Attached Garage
  • Garage Door Opener

Schools

  • Stephens Elementary School
  • Jefferson Middle School
  • Memorial High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter

Additional Features

  • 0.25 Acre Lot
  • Property is near bus stop

Community Details

  • 2 Units
  • Junction Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0708-224-0605-9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,234

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side, 2 story
  • Items Excluded: Tenants Personal Items
  • Items Included: Refrigerator, Range/Oven, Diswasher, Washer, Dryer
  • Miscellaneous: Close to bus line
  • Year Built: 1995
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full size windows/Exposed, Poured concrete foundatn
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number Units W Ac: 2
  • Number Washers: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Attached, Opener inc
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters

Schools

  • Elementary School: Stephens
  • High School: Memorial
  • Middle School: Jefferson
  • School District: Madison

Lot Info

  • Estimated Aces: 0.25
  • Zoning: SR-C3
  • Geo Subdivision: WI

Rental Info

  • Total Income: 36600

Tax Info

  • Net Taxes: 10234
  • Tax Year: 2021
  • Assessor Parcel Number: 0708-224-0605-9

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2022
Closed on
Sep 6, 2022
Sold by
Wuerger Todd R
Bought by
Li Ting and Chen Yanwu
Seller's Agent
Seth Pfaehler
The McGrady Group, LLC
Buyer's Agent
Cheng Real Estat Group
Real Broker LLC
List Price
$649,900
Sold Price
$615,000
Premium/Discount to List
-$34,900
-5.37%
Views
1
Current Estimated Value
$786,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,655
Avg. Annual Appreciation
7.60%
Original Mortgage
$461,250
Outstanding Balance
$440,846
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$345,809
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
Li Ting $615,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Ting $461,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2022 09/06/22 Sold $615,000 -5.4% $197 / Sq Ft
08/18/2022 08/18/22 Price Changed $649,900 +8.5% $209 / Sq Ft
08/18/2022 08/18/22 Price Changed $599,000 -7.8% $192 / Sq Ft
08/08/2022 08/08/22 For Sale $649,900 -- $209 / 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 $22,730 $646,700 $172,500 $474,200
2023 $10,722 $591,400 $161,200 $430,200
2022 $21,136 $537,600 $146,500 $391,100
2021 $10,234 $480,000 $130,800 $349,200
2020 $9,906 $444,400 $121,100 $323,300
2019 $9,945 $444,400 $116,400 $328,000
2018 $9,078 $404,000 $114,100 $289,900
2017 $8,247 $356,900 $109,700 $247,200
2016 $7,991 $336,700 $103,500 $233,200
2015 $7,915 $330,100 $101,500 $228,600
2014 $7,919 $330,100 $101,500 $228,600
2013 $7,528 $330,100 $98,500 $231,600
Source: Public Records

Agents Affiliated with this Home

  • Seth Pfaehler

    Seller's Agent in 2022

    Seth Pfaehler

    The McGrady Group, LLC

    (608) 338-4812

    2 in this area

    443 Total Sales

    Seth Pfaehler
    Section Image
  • Matt McGrady

    Seller Co-Listing Agent in 2022

    Matt McGrady

    The McGrady Group, LLC

    (608) 772-3640

    2 in this area

    350 Total Sales

    Matt McGrady
    Section Image

  • C

    Buyer's Agent in 2022

    Cheng Real Estat Group

    Real Broker LLC

    (608) 957-2683

    2 in this area

    409 Total Sales

    Cheng Real Estat Group
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1941086

South Central Wisconsin Multiple Listing Service

APN: 0708-224-0605-9

Wisconsin Dane County Madison 53717 Junction Ridge

8409 Elderberry Rd, Madison, WI

Not Listed for Sale

MultiFamily

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