$720,000
SOLD JUN 25, 2019

N4300 Park Rd Cambridge, WI 53523

8 Beds
4 Baths
4,400 Sq Ft
1.25 Acres

Recently Sold

$164 Per Sq Ft

3% Below List Price

1 Day on Market

Highlights

  • 1.25 Acre Lot
  • Balcony
  • Forced Air Heating and Cooling System
  • Cambridge High School Rated 10
  • Eat-In Kitchen
  • Wood Siding

About This Home

As of July 2020

Well maintained 8-unit Multifamily in wooded setting next to Ripley Park in picturesque Cambridge, WI. All units are 2 bedroom, include a 1 car detached garage and 2nd floor units have vaulted ceilings & skylights. Water pressure tanks replaced in 2015, all units have updated flooring and 4 units have been fully updated. Property has well water, landlord pays sewer & trash, tenants pay all other utilities.

Last Agent to Sell the Property

Dan Roseliep

ALTUS Commercial Real Estate, Inc. License #54620-90 Listed on: 05/31/2019

Last Buyer's Agent

Adriane Stuebs

Shine Realty License #58705-90

Shine Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,101

Year Built

  • Built in 1995

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Stone Exterior Construction

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Parking

  • 999 Open Parking Spaces
  • 8 Covered Spaces
  • Outside Parking

Schools

  • Call School District Elementary And Middle School
  • Cambridge High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Well

Additional Features

  • Balcony
  • 1.25 Acre Lot

Community Details

  • 8 Units
  • Net Operating Income $50,633

Listing and Financial Details

  • Assessor Parcel Number 022-0613-0731-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,101

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Municipality: Oakland
  • Status Detail: Sold
  • Mailing City: Cambridge
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Items Excluded: Tenants personal property
  • Noi Year: 2019
  • Year Built: 1995
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dish Washers: 8
  • Number Furnaces: 8
  • Number Refrigerators: 8
  • Number Stoves: 8
  • Number Units W Ac: 8
  • Number Water Heaters: 1
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood, Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 8
  • Parking Stalls Outside: 999

Utilities

  • Water Waste: Municipal sewer, Well
  • Park Unit: 1 stall garage, Detached, Outside
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 31447

Schools

  • School District: Cambridge
  • Elementary School: Call School District
  • Middle School: Call School District
  • High School: Cambridge
  • Elementary School: Call School District
  • High School: Cambridge
  • Middle School: Call School District
  • School District: Cambridge

Lot Info

  • Estimated Aces: 1.249
  • Zoning: Res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 82080

Tax Info

  • Land Assessment: 75000
  • Improvements: 397200
  • Total Assessment: 472200
  • Assessment year: 2019
  • Net Taxes: 10101
  • Tax Year: 2018
  • Assessor Parcel Number: 022-0613-0731-005

Multi Family

  • Number Of2 Bedrooms: 8
  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2020
Closed on
Jul 24, 2020
Sold by
Silverstone Apartments Llc
Bought by
Patten Real Estate Llc
Seller's Agent
Adriane Stuebs
Shine Realty
Buyer's Agent
Jo Ferraro
EXP Realty, LLC
List Price
$799,000
Sold Price
$810,000
Premium/Discount to List
$11,000
1.38%
Total Days on Market
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$832,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 31, 2019
Closed on
Jun 19, 2019
Sold by
N4300 Llc
Bought by
Silverstone Apartments Llc
Seller's Agent
Dan Roseliep
ALTUS Commercial Real Estate, Inc.
Buyer's Agent
Adriane Stuebs
Shine Realty
List Price
$739,000
Sold Price
$720,000
Premium/Discount to List
-$19,000
-2.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.30%

Purchase Details

Listed on
May 20, 2013
Closed on
Sep 20, 2013
Sold by
Anchorbank Fsb
Bought by
N4300 Llc
Seller's Agent
Dan Bowden
Restaino & Associates
Buyer's Agent
Sarah Tavarez
Keller Williams Realty
List Price
$525,000
Sold Price
$470,000
Premium/Discount to List
-$55,000
-10.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.70%
Original Mortgage
$376,000
Interest Rate
4.39%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 28, 2013
Sold by
Collins Bradley M
Bought by
Anchorbank Fsb
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $810,000 None Available
Warranty Deed $720,000 None Available
Special Warranty Deed $470,000 Dane County Title Co
Sheriffs Deed $4,667 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,105,950 New Conventional
Closed $870,000 New Conventional
Closed $220,323 New Conventional
Closed $220,895 New Conventional
Closed $110,000 New Conventional
Closed $832,000 New Conventional
Previous Owner $376,000 Future Advance Clause Open End Mortgage
Previous Owner $595,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $810,000 +1.3% $810 / Sq Ft
03/25/2020 03/25/20 Price Changed $799,900 +0.1% $800 / Sq Ft
03/25/2020 03/25/20 For Sale $799,000 +11.0% $799 / Sq Ft
06/25/2019 06/25/19 Sold $720,000 -2.6% $164 / Sq Ft
06/01/2019 06/01/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $739,000 +57.2% $168 / Sq Ft
09/24/2013 09/24/13 Sold $470,000 -10.5% $107 / Sq Ft
08/09/2013 08/09/13 Pending -- -- --
05/20/2013 05/20/13 For Sale $525,000 -- $119 / 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 $13,941 $945,600 $140,000 $805,600
2023 $13,970 $945,600 $140,000 $805,600
2022 $11,730 $472,200 $75,000 $397,200
2021 $10,337 $472,200 $75,000 $397,200
2020 $10,359 $472,200 $75,000 $397,200
2019 $10,183 $472,200 $75,000 $397,200
2018 $10,101 $472,200 $75,000 $397,200
2017 $8,795 $472,200 $75,000 $397,200
2016 $9,568 $472,200 $75,000 $397,200
2015 $10,518 $472,200 $75,000 $397,200
2014 $10,212 $472,200 $75,000 $397,200
2013 $15,841 $744,200 $75,000 $669,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1859001

South Central Wisconsin Multiple Listing Service

APN: 022-0613-0731-005