NOT LISTED FOR SALE

947 E Johnson St Madison, WI 53703

Tenney-Lapham Neighborhood

Estimated Value: $816,000 - $945,000

9 Beds
3 Baths
3,504 Sq Ft
$251/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $650,000 $186 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,477/month

22 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Forced Air Heating and Cooling System
  • Mud Room
  • Property is near bus stop
  • Laundry Facilities

About This Home

As of May 2021

Classic 3-FLAT. A dream investment in Downtown Madison! Fully occupied thru 2022! All the major capital expenditures are completed (100% new electrical in 2014, all new plumbing 2014, added central air conditioning 2014, siding scraped and painted 2015, new concrete driveway 2016, half roof replaced in 2017, new furnace 2017, gravel parking lot 2020, and more!). Meticulous Broker Owned and well-organized property management. Old world charming built-ins, additional trim, unique woodwork, and custom shelving. Ask your buyer's agent to look up the sale comp 2 blocks away @ MLS: #1895084 and also lookup MLS: 1896412. Possibility to increase revenue by charging for parking. Also continue to raise rents as some long-term residents are under market. Coin-op laundry owned in basement. Broker Owned and Managed. Seller will be executing a 1031 exchange, buyer cooperation is imperative.

Last Agent to Sell the Property

Matthew Pantzlaff

Homestead Realty License #73316-94 2092-10 Listed on: 02/12/2021

Homestead Realty

Last Buyer's Agent

Carlos Alvarado

Compass Real Estate Wisconsin License #55155-90

Compass Real Estate Wisconsin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,059

Year Built

  • Built in 1914

Lot Details

  • 4,356

Home Design

  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Mud Room
  • Wood Flooring
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 3 Open Parking Spaces
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • High Speed Internet

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 0709-132-0523-7

Community Details

Overview

  • 3 Units
  • Original Plat Subdivision

Additional Features

  • Laundry Facilities
  • Net Operating Income $31,524

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,059

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Items Excluded: Seller's Personal Property, Tenant's Personal Items
  • Items Included: 3 Refrigerators, 3 Stoves, 1 Owned Coin-op Washer, 1 Owned Coin-op Dryer
  • Miscellaneous: Shared laundry, Close to bus line, Internet - Cable
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dryers: 1
  • Number Units W Ac: 3
  • Number Washers: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 3

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space, Outside
  • Utilities: Separate elec meters

Fee Information

  • Total Expenses: 24074

Schools

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

Lot Info

  • Estimated Aces: 0.1
  • Zoning: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 56160

Tax Info

  • Net Taxes: 9059
  • Tax Year: 2020
  • Assessor Parcel Number: 0709-132-0523-7

Multi Family

  • Number Of3 Bedrooms: 3
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2021
Closed on
May 17, 2021
Sold by
Triple P Enterprises Llc
Bought by
Pastrana Diana R
Seller's Agent
Matthew Pantzlaff
Homestead Realty
Buyer's Agent
Carlos Alvarado
Compass Real Estate Wisconsin
List Price
$650,000
Sold Price
$650,000
Current Estimated Value
$880,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,061
Avg. Annual Appreciation
6.75%
Original Mortgage
$487,500
Outstanding Balance
$441,797
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$438,264

Purchase Details

Closed on
Nov 30, 2012
Sold by
Polsky Esq Michael S
Bought by
Triple P Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
3.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 26, 2010
Sold by
Beauchaine Allan N
Bought by
Anb Revocable Living Trust Sand Key
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
Pastrana Diana R $650,000 First American Title
Triple P Enterprises Llc $130,000 None Available
Anb Revocable Living Trust Sand Key -- None Available
Beauchaine Allan N -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pastrana Diana R $487,500
Previous Owner Triple P Enterprises Llc $150,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2021 05/17/21 Sold $650,000 0.0% $186 / Sq Ft
03/08/2021 03/08/21 Pending -- -- --
02/14/2021 02/14/21 For Sale $650,000 0.0% $186 / Sq Ft
02/12/2021 02/12/21 Off Market $650,000 -- --
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
2023 $11,992 $660,900 $96,800 $564,100
2022 $25,511 $648,000 $92,200 $555,800
2021 $9,356 $439,200 $92,200 $347,000
2020 $9,059 $406,700 $86,200 $320,500
2019 $8,657 $387,300 $78,400 $308,900
2018 $8,230 $368,900 $75,400 $293,500
2017 $7,746 $335,400 $75,400 $260,000
2016 $7,577 $319,400 $69,800 $249,600
2015 $7,288 $289,700 $59,800 $229,900
2014 $6,941 $289,700 $59,800 $229,900
2013 $7,869 $281,300 $57,500 $223,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Matthew Pantzlaff

    Homestead Realty

    (608) 239-0367

    2 in this area

    13 Total Sales

    Matthew Pantzlaff
    Section Image
  • Carlos Alvarado

    Buyer's Agent in 2021

    Carlos Alvarado

    Compass Real Estate Wisconsin

    (608) 438-6757

    4 in this area

    154 Total Sales

    Carlos Alvarado
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1902218

South Central Wisconsin Multiple Listing Service

APN: 0709-132-0523-7

Wisconsin Dane County Madison 53703 Tenney-Lapham

947 E Johnson St, Madison, WI

Not Listed for Sale

MultiFamily

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