NOT LISTED FOR SALE

854 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $601,000 - $674,559

2 Beds
2 Baths
2,233 Sq Ft
$282/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $460,000 $206 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,847/month

35 Days on Market

Highlights

  • Open Floorplan
  • Den
  • Eat-In Kitchen
  • Wood Flooring
  • Balcony
  • 3-minute walk to Reynolds Park

About This Home

As of November 2021

Meticulously maintained 2-unit property with spacious floor plans, large windows, hardwood floors, high ceilings, and original woodwork. Walking distance to the lake, many local restaurants, coffee shops, a grocery store, and parks. Short jaunt by bus or bike to downtown and UW. Attracts tenants year-round, grossing $33,600 in annual income. Upgrades: interior paint (‘21), landscaping (‘21), unit 1 new range (‘21), roof/gutters/downspouts (‘18), unit 1 water heater (‘20), washer/dryer (‘18), unit 2 windows & storms (‘17/‘18). Allow 30 hour notice for showings.

Last Agent to Sell the Property

Alise Wasserburger

Realty Executives Cooper Spransy License #79610-94 Listed on: 08/19/2021

Realty Executives Cooper Spransy

Last Buyer's Agent

Brian Conne

First Weber, Inc License #81894-94

First Weber, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,200

Year Built

  • Built in 1902

Lot Details

  • 2,614 Sq Ft Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Family Room
  • Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Accessible Home Design

  • Accessible Bedroom
  • Low Pile Carpeting

Schools

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

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Water Softener is Owned

Additional Features

  • Balcony
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 0709-132-0723-3

Community Details

Overview

  • 2 Units
  • Prospect Place Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,200

Year Built

Built in 1902

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
  • Barrier Free: Open floor plan, First floor bedroom, Level lot, Low pile or no carpeting
  • Items Included: Range/Oven (2), Refrigerator (2), Washer, Dryer, Kitchen island (unit 1), Water Softener
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned
  • Year Built: 1902
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Washers: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Utilities: Separate elec meters, Separate gas meters

Schools

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

Lot Info

  • Estimated Aces: 0.06
  • Zoning: TR-C4
  • Geo Subdivision: WI

Rental Info

  • Total Income: 33600

Tax Info

  • Net Taxes: 10200
  • Tax Year: 2020
  • Assessor Parcel Number: 0709-132-0723-3

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Nov 4, 2021
Sold by
Friederich Christopher and Friederich Molly
Bought by
Donghia Elena
Seller's Agent
Alise Wasserburger
Realty Executives Cooper Spransy
Buyer's Agent
Brian Conne
First Weber, Inc
List Price
$485,000
Sold Price
$460,000
Premium/Discount to List
-$25,000
-5.15%
Current Estimated Value
$629,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,390
Avg. Annual Appreciation
7.87%
Original Mortgage
$345,000
Outstanding Balance
$315,647
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$313,743

Purchase Details

Listed on
Aug 19, 2021
Closed on
Sep 29, 2021
Sold by
Coughlin Molly R and Coughlin Molly
Bought by
Friederich Molly and Coughlin Jesse H
Seller's Agent
Alise Wasserburger
Realty Executives Cooper Spransy
Buyer's Agent
Brian Conne
First Weber, Inc
List Price
$485,000
Sold Price
$460,000
Premium/Discount to List
-$25,000
-5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Outstanding Balance
$315,647
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$313,743

Purchase Details

Closed on
Dec 7, 2012
Sold by
Coughlin Jesse H
Bought by
Coughlin Molly R

Purchase Details

Closed on
Jul 1, 2008
Sold by
Farrell Lori E
Bought by
Coughlin Jesse H and Coughlin Molly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Donghia Elena $460,000 Knight Barry Title
Friederich Molly $230,000 None Available
Coughlin Molly R $151,200 Knight Barry Title Svcs Llc
Coughlin Jesse H $315,000 Dane County Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donghia Elena $345,000
Previous Owner Coughlin Jesse H $267,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2021 11/05/21 Sold $460,000 0.0% $206 / Sq Ft
09/22/2021 09/22/21 Price Changed $460,000 -5.2% $206 / Sq Ft
08/19/2021 08/19/21 For Sale $485,000 -- $217 / 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 $18,595 $529,900 $106,400 $423,500
2023 $8,963 $495,200 $106,400 $388,800
2021 $10,537 $494,100 $98,500 $395,600
2020 $10,200 $457,500 $88,700 $368,800
2019 $9,476 $423,600 $82,100 $341,500
2018 $9,007 $403,400 $78,900 $324,500
2017 $8,626 $366,700 $73,700 $293,000
2016 $7,912 $333,400 $73,700 $259,700
2015 $7,537 $314,500 $61,500 $253,000
2014 $7,542 $314,500 $61,500 $253,000
2013 $6,890 $302,400 $59,100 $243,300
Source: Public Records

Agents Affiliated with this Home

  • Alise Wasserburger

    Seller's Agent in 2021

    Alise Wasserburger

    Realty Executives

    (608) 438-4689

    2 in this area

    71 Total Sales

    Alise Wasserburger
    Section Image
  • Brian Conne

    Buyer's Agent in 2021

    Brian Conne

    First Weber, Inc

    (608) 291-3394

    1 in this area

    47 Total Sales

    Brian Conne
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1917889

South Central Wisconsin Multiple Listing Service

APN: 0709-132-0723-3

Wisconsin Dane County Madison 53703 Tenney-Lapham

854 E Gorham St, Madison, WI

Not Listed for Sale

MultiFamily

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