NOT LISTED FOR SALE

8441 Elderberry Rd Madison, WI 53717

Junction Ridge Neighborhood

Estimated Value: $737,000 - $884,000

6 Beds
7 Baths
4,568 Sq Ft
$172/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $631,000 $138 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,961/month

5 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Attached Garage
  • Spring Harbor Middle School Rated A-
  • Fireplace
  • Eat-In Kitchen

About This Home

As of February 2023

This amazing duplex is located on the westside of Madison within walking sitance to shopping, grocery stores and restaurants. The property backs up to the UW Madison farmland for privacy and quiet enjoyment. Each unit has three bedrooms, 2.5 bathrooms, two car garage, fireplace, finished walk out lower level with exposed windows. First floor bedroom has a private bathroom and vaulted ceilings. Unit 8443 has hardwood floors on the main level, an additional half bathroom plus a fireplace in the lower level. Each unit has a deck off the living room. Great long term tenants.

Last Agent to Sell the Property

Denise Holmes

Collective Real Estate Group License #22306-90 495-9 Listed on: 01/18/2023

Co-Listed By

Lindsay Koth

Collective Real Estate Group License #79724-94

Last Buyer's Agent

Gerardo Jimenez

Sprinkman Real Estate License #52378-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,557

Year Built

  • Built in 1995

Lot Details

  • 0.27 Acre Lot

Parking

  • Attached Garage

Home Design

  • Duplex
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • Vaulted Ceiling
  • Fireplace
  • Family Room
  • Wood Flooring
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Windows

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

Listing and Financial Details

  • Assessor Parcel Number 0708-224-0612-4

Community Details

Overview

  • 2 Units
  • Junction Ridge Subdivision

Building Details

  • Net Operating Income $25,383

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,557

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
  • Items Excluded: Tenants personal property, 2 washers, 2 dryers, range/oven in unit 8441 Kitchen
  • Items Included: 2 refrigerators, 2 range/oven, 2 microwaves, 2 water softeners
  • Year Built: 1995
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Walkout to yard, Partially finished, Poured concrete foundatn
  • Number Dish Washers: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 4
  • Parking Stalls Outside: 4

Utilities

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

Fee Information

  • Total Expenses: 15837

Schools

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

Lot Info

  • Estimated Aces: 0.27
  • Zoning: SR-C3

Rental Info

  • Total Income: 41220

Tax Info

  • Net Taxes: 10557
  • Tax Year: 2022
  • Assessor Parcel Number: 0708-224-0612-4

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2023
Closed on
Mar 14, 2023
Sold by
Ark Eric
Bought by
Be Home Alumni Llc
Seller's Agent
Denise Holmes
Collective Real Estate Group
Buyer's Agent
Gerardo Jimenez
Sprinkman Real Estate
List Price
$620,000
Sold Price
$631,000
Premium/Discount to List
$11,000
1.77%
Views
99
Current Estimated Value
$786,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,725
Avg. Annual Appreciation
7.99%
Original Mortgage
$536,350
Outstanding Balance
$519,491
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$267,234

Purchase Details

Listed on
Jan 18, 2023
Closed on
Feb 21, 2023
Sold by
2006 Dewitt Walker Trust
Bought by
Ark Eric
Seller's Agent
Denise Holmes
Collective Real Estate Group
Buyer's Agent
Gerardo Jimenez
Sprinkman Real Estate
List Price
$620,000
Sold Price
$631,000
Premium/Discount to List
$11,000
1.77%
Views
99

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,350
Outstanding Balance
$519,491
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$267,234

Purchase Details

Closed on
Mar 21, 2014
Sold by
Dewitt Richard T
Bought by
2006 Dewitt Walker Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Be Home Alumni Llc -- --
Ark Eric $631,000 --
2006 Dewitt Walker Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ark Eric $536,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2023 02/28/23 Sold $631,000 +1.8% $138 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/18/2023 01/18/23 For Sale $620,000 -- $136 / 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 $22,174 $631,000 $180,900 $450,100
2023 $10,709 $590,700 $169,100 $421,600
2022 $21,112 $537,000 $153,700 $383,300
2021 $10,223 $479,500 $137,200 $342,300
2020 $9,897 $444,000 $127,000 $317,000
2019 $9,936 $444,000 $122,100 $321,900
2018 $9,741 $436,000 $119,700 $316,300
2017 $9,409 $406,700 $115,100 $291,600
2016 $9,881 $383,700 $108,600 $275,100
2015 $9,213 $383,700 $106,500 $277,200
2014 $9,218 $383,700 $106,500 $277,200
2013 $9,316 $383,700 $103,400 $280,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Denise Holmes

    Collective Real Estate Group

    (608) 576-5556

    1 in this area

    248 Total Sales

    Denise Holmes
    Section Image
  • Lindsay Koth

    Seller Co-Listing Agent in 2023

    Lindsay Koth

    Collective Real Estate Group

    (608) 469-3609

    1 in this area

    167 Total Sales

    Lindsay Koth
    Section Image
  • Gerardo Jimenez

    Buyer's Agent in 2023

    Gerardo Jimenez

    Sprinkman Real Estate

    (608) 469-6651

    1 in this area

    157 Total Sales

    Gerardo Jimenez
    Section Image
See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1948959

South Central Wisconsin Multiple Listing Service

APN: 0708-224-0612-4

Wisconsin Dane County Madison 53717 Junction Ridge

8441 Elderberry Rd, Madison, WI

Not Listed for Sale

MultiFamily

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.

Nearby Homes