NOT LISTED FOR SALE

908 E Gorham St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $588,000 - $646,000

5 Beds
3 Baths
2,708 Sq Ft
$223/Sq Ft Est. Value

Last Sold August 17, 2022

Last sale price $490,000 $181 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,769/month

60 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Water Softener is Owned
  • Balcony
  • Property is near a bus stop
  • 3-minute walk to Giddings Park

About This Home

As of August 2022

This three-unit rental property is wonderfully located in the heart of the isthmus. Hardwood floors and original woodwork add to the charm and character throughout. 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. Each unit has a nice rear porch. Long term tenants. Market rents in the area are higher. Coin-op washer and dryer included. Ideal to owner occupy or add to your investment portfolio.

Last Agent to Sell the Property

Andrew Stebnitz

Restaino & Associates License #56513-90 Listed on: 04/25/2022

Restaino & Associates

Last Buyer's Agent

Yishu Jiang

Tri-River Realty License #57358-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,750

Year Built

  • Built in 1906

Lot Details

  • 3,485

Home Design

  • Wood Siding

Interior Spaces

  • Family Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

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

Parking

  • 1 Open Parking Space
  • On-Street Parking
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Water Softener is Owned

Additional Features

  • Low Pile Carpeting
  • Balcony
  • 3,485 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 0709-132-0312-4

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,750

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Barrier Free: Low pile or no carpeting
  • Items Excluded: Owner's and tenants personal property
  • Items Included: 3 Refrigerators, 3 Ranges/Ovens
  • Miscellaneous: Close to bus line, Water Softener Owned
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard
  • Number Dryers: 1
  • Number Washers: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Aluminum/Steel, Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 1

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space, Outside

Schools

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

Lot Info

  • Estimated Aces: 0.08
  • Zoning: TR-V2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 37680

Tax Info

  • Net Taxes: 10750
  • Tax Year: 2021
  • Assessor Parcel Number: 0709-132-0312-4

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 2
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2022
Closed on
Aug 17, 2022
Sold by
M R Jones Property Llc
Bought by
Chen Wenxin and Zhou Bin
Seller's Agent
Andrew Stebnitz
Restaino & Associates
Buyer's Agent
Yishu Jiang
Tri-River Realty
List Price
$499,900
Sold Price
$490,000
Premium/Discount to List
-$9,900
-1.98%
Current Estimated Value
$604,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,155
Avg. Annual Appreciation
6.43%
Original Mortgage
$290,000
Outstanding Balance
$262,676
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$341,479

Purchase Details

Closed on
Jul 2, 2009
Sold by
Jones Margaret
Bought by
M R Jones Property Llc

Purchase Details

Closed on
Apr 29, 2009
Sold by
M R Jones Property Llc
Bought by
Jones Margaret

Purchase Details

Closed on
Jul 27, 2007
Sold by
Jones Margaret
Bought by
M R Jones Property Llc

Purchase Details

Closed on
Jul 24, 2007
Sold by
M R Jones Property Llc
Bought by
Jones Margaret
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
Chen Wenxin $490,000 Greller Jason
M R Jones Property Llc -- None Available
Jones Margaret -- None Available
M R Jones Property Llc -- None Available
Jones Margaret -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Wenxin $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2022 08/17/22 Sold $490,000 -2.0% $181 / Sq Ft
06/24/2022 06/24/22 Pending -- -- --
06/18/2022 06/18/22 Price Changed $499,900 -5.7% $185 / Sq Ft
06/04/2022 06/04/22 Price Changed $530,000 +6.0% $196 / Sq Ft
04/25/2022 04/25/22 For Sale $499,900 -- $185 / 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 $18,396 $524,300 $91,200 $433,100
2023 $8,868 $490,000 $91,200 $398,800
2021 $10,750 $504,000 $86,900 $417,100
2020 $10,407 $466,700 $78,300 $388,400
2019 $9,947 $444,500 $72,500 $372,000
2018 $9,455 $423,300 $69,700 $353,600
2017 $8,898 $384,800 $65,100 $319,700
2016 $8,706 $366,500 $65,100 $301,400
2015 $8,372 $332,400 $54,300 $278,100
2014 $7,975 $332,400 $54,300 $278,100
2013 $7,358 $322,700 $52,200 $270,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Andrew Stebnitz

    Restaino & Associates

    Section Image
  • Yishu Jiang

    Buyer's Agent in 2022

    Yishu Jiang

    Tri-River Realty

    (608) 283-9335

    1 in this area

    129 Total Sales

    Yishu Jiang
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1932687

South Central Wisconsin Multiple Listing Service

APN: 0709-132-0312-4

Wisconsin Dane County Madison 53703 Tenney-Lapham

908 E Gorham St, Madison, WI

Not Listed for Sale

MultiFamily

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