NOT LISTED FOR SALE

8409 Elderberry Rd Madison, WI 53717

Junction Ridge Neighborhood

Estimated Value: $754,491 - $875,000

6 Beds
6 Baths
3,116 Sq Ft
$261/Sq Ft Est. Value

Sale Details

Date Sold: September 6, 2022

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

Est. 32% increase in value since last sale

Current estimated payment $5,571 / mo

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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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

  • 10,890 Sq Ft 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

0.25 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2022
Closed on
Sep 6, 2022
Sold by
Bought by
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
$812,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,373
Avg. Annual Appreciation
7.40%
Original Mortgage
$461,250
Outstanding Balance
$434,580
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$377,793
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Junction Ridge, WI

  • Michael Leeson Real Estate Agent - Realty Executives Cooper Spransy

    Michael Leeson

    Realty Executives Cooper Spransy

    (608) 292-6702

    198 Total Sales

    1 in Junction Ridge

    $265,000 Price

    Michael Leeson
     Section Image
  • Daron Lenzendorf Real Estate Agent - Powerhouse Team Realty

    Daron Lenzendorf

    Responds Quickly

    Powerhouse Team Realty

    (608) 292-3495

    62 Total Sales

    1 in Junction Ridge

    $225,000 Price

    Daron Lenzendorf
     Section Image
  • Peiling Fan Real Estate Agent - Starlight Realty

    Peiling Fan

    Responds Quickly

    Starlight Realty

    (608) 422-4762

    43 Total Sales

    3 in Junction Ridge

    $200K - $405K Price Range

    Peiling Fan
     Section Image
  • Karen Tetzlaff Real Estate Agent - Realty Executives Cooper Spransy

    Karen Tetzlaff

    Realty Executives Cooper Spransy

    (608) 975-2579

    70 Total Sales

    1 in Junction Ridge

    $435,000 Price

    Karen Tetzlaff
     Section Image
  • Anne Baranski Real Estate Agent - Y Realty

    Anne Baranski

    Y Realty

    (608) 292-5272

    95 Total Sales

    1 in Junction Ridge

    $378,500 Price

    Anne Baranski
     Section Image
  • Zouhair Zahid Real Estate Agent - Lannon Stone Realty LLC

    Zouhair Zahid

    Lannon Stone Realty LLC

    (608) 292-3673

    60 Total Sales

    1 in Junction Ridge

    $361,000 Price

    Zouhair Zahid
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$615,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $461,250
Previous Owner $284,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $13,181 $711,400 $172,500 $538,900
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 Real Estate Agent - The McGrady Group, LLC

    Seller's Agent in 2022

    Seth Pfaehler

    The McGrady Group, LLC

    (608) 338-4812

    2 in this area

    436 Total Sales

    Seth Pfaehler
    Section Image
  • Matt McGrady Real Estate Agent - The McGrady Group, LLC

    Seller Co-Listing Agent in 2022

    Matt McGrady

    The McGrady Group, LLC

    (608) 772-3640

    2 in this area

    351 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

    426 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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