NOT LISTED FOR SALE

925 E Johnson St Unit 1 Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $604,172 - $698,000

6 Beds
2 Baths
2,432 Sq Ft
$272/Sq Ft Est. Value

Last Sold January 14, 2022

Last sale price $520,000 $214 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,130/month

31 Days on Market

Highlights

  • Wood Flooring
  • Accessible Bedroom
  • Property is near a bus stop
  • Eat-In Kitchen
  • Accessible Full Bathroom
  • 3-minute walk to Reynolds Park

About This Home

As of January 2022

Two flat in an awesome location. Walking distance to the Downtown amenities, the lakes, many local restaurants, coffee shops, a grocery store, and parks. Each unit has 3 bedrooms and a bath, both bathrooms partially remodeled. New A/C units. Some new electrical and newer roof. Hardwood floors are in excellent shape. All new light fixtures. This is a great opportunity to add to your investment portfolio or owner occupy and collect rent from the other flat. This property comes with four off-street parking stalls. Huge attic with potential for expansion. Tenant occupied, so 24-hour notice is required.

Last Agent to Sell the Property

Seth Pfaehler

The McGrady Group, LLC License #58575-90 Listed on: 11/12/2021

Co-Listed By

Matt McGrady

The McGrady Group, LLC License #53795-90

Last Buyer's Agent

Eric Castleberg

EXP Realty, LLC License #42350-94

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,638

Year Built

  • Built in 1900

Lot Details

  • 4,356

Parking

  • 4 Open Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Family Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned
  • High Speed Internet

Additional Features

  • 4,356 Sq Ft Lot
  • Property is near a bus stop

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0709-132-0529-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,638

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Barrier Free: First floor bedroom, First floor full bath
  • Items Excluded: Island in 925 kitchen is owned by tenant. All tenant and seller personal property.
  • Items Included: 2 Refrigerators, 2 Stoves, 1 Washer, 1 Dryer
  • Miscellaneous: Shared laundry, Close to bus line, Water Softener Owned, Internet - Cable
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Units W Ac: 2
  • Number Washers: 1
  • Number Water Softeners: 1

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces
  • 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: 0.1
  • Zoning: NMX
  • Geo Subdivision: WI

Rental Info

  • Total Income: 21600

Tax Info

  • Net Taxes: 8638
  • Tax Year: 2020
  • Assessor Parcel Number: 0709-132-0529-5

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2021
Closed on
Jan 11, 2022
Sold by
Kichak James F and Kichak Leslie R
Bought by
Ross Tron M
Seller's Agent
Seth Pfaehler
The McGrady Group, LLC
Buyer's Agent
Eric Castleberg
EXP Realty, LLC
List Price
$550,000
Sold Price
$520,000
Premium/Discount to List
-$30,000
-5.45%
Current Estimated Value
$661,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,793
Avg. Annual Appreciation
6.31%
Original Mortgage
$390,000
Outstanding Balance
$359,150
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$302,643

Purchase Details

Listed on
May 8, 2018
Closed on
Jun 8, 2018
Sold by
Ralste Properties Llc
Bought by
Kichak James F and Ewens Leslie R
Seller's Agent
Patrick Sierra
Stark Company, REALTORS
Buyer's Agent
Roman Vetter
Stark Company, REALTORS
List Price
$374,900
Sold Price
$388,000
Premium/Discount to List
$13,100
3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.50%
Original Mortgage
$380,972
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 2017
Sold by
Stevens Sophia Chiron
Bought by
Ralste Properties Llc

Purchase Details

Listed on
Jan 3, 2017
Closed on
Mar 29, 2017
Sold by
Hef Johnson Llc
Bought by
Chiron Stevens Sophia L
Seller's Agent
Jeff Schraml
Century 21 Affiliated
Buyer's Agent
Sue Gilbertson
Restaino & Associates
List Price
$359,900
Sold Price
$345,000
Premium/Discount to List
-$14,900
-4.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%

Purchase Details

Closed on
Apr 2, 2012
Sold by
Hef Jenifer Llc
Bought by
Hef Johnson Llc

Purchase Details

Closed on
Jan 9, 2012
Sold by
1121 Elizabeth Street Llc
Bought by
Hef Jenifer Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,500
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2005
Sold by
L Elsie Llc
Bought by
310 North Ingersoll Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.13%
Mortgage Type
Credit Line Revolving
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
Ross Tron M $520,000 None Listed On Document
Kichak James F $388,000 None Available
Ralste Properties Llc -- None Available
Chiron Stevens Sophia L -- None Available
Hef Johnson Llc -- None Available
Hef Jenifer Llc $645,000 None Available
310 North Ingersoll Street Llc $225,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Tron M $390,000
Previous Owner Kichak James F $380,972
Previous Owner Hef Jenifer Llc $617,500
Previous Owner 310 North Ingersoll Street Llc $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2022 01/14/22 Sold $520,000 -1.9% $214 / Sq Ft
11/22/2021 11/22/21 Price Changed $529,900 -3.7% $218 / Sq Ft
11/12/2021 11/12/21 For Sale $550,000 +41.8% $226 / Sq Ft
06/14/2018 06/14/18 Sold $388,000 +3.5% $160 / Sq Ft View Prior Sale
05/17/2018 05/17/18 Pending -- -- --
05/15/2018 05/15/18 For Sale $374,900 -3.4% $154 / Sq Ft
05/08/2018 05/08/18 Off Market $388,000 -- --
03/29/2017 03/29/17 Sold $345,000 -4.1% $141 / Sq Ft View Prior Sale
02/18/2017 02/18/17 Pending -- -- --
01/03/2017 01/03/17 For Sale $359,900 -- $147 / 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 $21,528 $530,400 $97,800 $432,600
2023 $10,688 $520,000 $97,800 $422,200
2021 $8,922 $419,000 $90,600 $328,400
2020 $8,638 $388,000 $84,700 $303,300
2019 $8,673 $388,000 $77,000 $311,000
2018 $7,692 $345,000 $74,000 $271,000
2017 $5,917 $257,000 $74,000 $183,000
2016 $5,892 $233,600 $68,500 $165,100
2015 $5,258 $220,400 $58,700 $161,700
2014 $5,262 $220,400 $58,700 $161,700
2013 $5,147 $211,900 $56,400 $155,500
Source: Public Records

Agents Affiliated with this Home

  • Seth Pfaehler

    Seller's Agent in 2022

    Seth Pfaehler

    The McGrady Group, LLC

    (608) 338-4812

    9 in this area

    445 Total Sales

    Seth Pfaehler
    Section Image
  • Matt McGrady

    Seller Co-Listing Agent in 2022

    Matt McGrady

    The McGrady Group, LLC

    (608) 772-3640

    5 in this area

    350 Total Sales

    Matt McGrady
    Section Image
  • Eric Castleberg

    Buyer's Agent in 2022

    Eric Castleberg

    EXP Realty, LLC

    (608) 443-4834

    1 in this area

    96 Total Sales

    Eric Castleberg
    Section Image
  • Patrick Sierra

    Seller's Agent in 2018

    Patrick Sierra

    Stark Company, REALTORS

    (608) 287-9525

    2 in this area

    78 Total Sales

    Patrick Sierra
    Section Image

  • R

    Buyer's Agent in 2018

    Roman Vetter

    Stark Company, REALTORS

    Section Image
  • Jeff Schraml

    Seller's Agent in 2017

    Jeff Schraml

    Century 21 Affiliated

    (608) 873-1626

    1 in this area

    93 Total Sales

    Jeff Schraml
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1923777

South Central Wisconsin Multiple Listing Service

APN: 0709-132-0529-5

Wisconsin Dane County Madison 53703 Tenney-Lapham

925 E Johnson St Unit 1, Madison, WI

Not Listed for Sale

MultiFamily

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