$610,000 Price Analysis    ♡   Madison, WI 53703 Unknown bed None bath 2,300 SqFt ($265/SqFt) 5,227SqFt lot. Built 1907 Listed 2023-12-05, Taxes $8,237 | Ⓧ USDA Ineligible due to location near Madison |
4 unit rental property located near the intersection of W.
Gorham St. and Washburn Place one block from Lake Mendota. Highly desirable location one mile from downtown Madison and walking distance to many local restaurants, entertainment, Festival Foods and other retailers. Units 405 and 407 Washburn Place are both 500 sq.ft.
studios with 1 bath each. Units 407 and 409 Washburn P lace are both 650 sq.ft. with 1 bed and 1 bath each. Fully leased out until 2025. The current ttal monthly rent is $3, 920/month for the 2023-2024 rental season. Rents will increase to $5, 065/month for the 2024-2025 rental season.
Presented by James Stopple at
Madison Property Management, Inc.
Property MLS #1968080 from SCWMLS
Laundry Features: # Washers: 1, # Dryers: 1
Heating Fuel: Natural Gas
Water Heaters: 1
Aluminum/Steel
Lot Size Square Feet: 5227
Garage Features: Outside
High School: East
Middle School: OKeeffe
School District: Madison
Map directions Map directions Map directions Map directions Map directionsNumber of Units: 4
Number of Studio Units: 2
Number of 1 Bedroom Units: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit-1 Description: Family/Rec rm, Eat-in kitchen
Unit-2 Description: Family/Rec rm, Eat-in kitchen
Unit-3 Description: Family/Rec rm, Eat-in kitchen
Unit-4 Description: Family/Rec rm, Eat-in kitchen
Unit-1 Square Feet: 500
Unit-2 Square Feet: 500
Unit-3 Square Feet: 650
Unit-4 Square Feet: 650
Unit 1 Total Actual Rent: 645
Unit 2 Total Actual Rent: 890
Unit 3 Total Actual Rent: 1095
Unit 4 Total Actual Rent: 990
Source Listing Status: Active
County: Dane
Directions: E. Gorham St., to Washburn Place
Tax Year: 2022
Source Property Type: Multi Family
Area: MADISON - C E01
Source Neighborhood: MADISON - C E01
Parcel Number: 0709-132-0710-0
Postal City: Madison
Zoning: TRV2-WP24
Property Subtype: 2 story, 2 flat-up and down
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $331,000 + $89,000 $420,000 | $8,237 |
| 2021 | $284,000 + $81,000 $365,000 | $7,761 |
| 2020 | $251,300 + $80,700 $332,000 | $7,380 |
| 2019 | $235,300 + $80,700 $316,000 | $7,048 |
| 2018 | $220,300 + $80,700 $301,000 | $6,700 |
| 2017 | $220,300 + $80,700 $301,000 | $6,943 |
| 2016 | $227,300 + $73,700 $301,000 | $7,136 |
| 2015 | $213,300 + $73,700 $287,000 | $6,871 |
| 2014 | $199,300 + $73,700 $273,000 | $6,613 |
| 2013 | $191,300 + $73,700 $265,000 | $6,516 |
| 2012 | $191,300 + $73,700 $265,000 | $6,337 |
| 2011 | $191,300 + $73,700 $265,000 | $6,028 |
| 2010 | $191,300 + $73,700 $265,000 | $5,819 |
| 2008 | $221,300 + $73,700 $295,000 | $5,715 |
| 2007 | $221,300 + $73,700 $295,000 | $5,795 |
$610,000
SCWMLS
Listed 2023-12-05
$625,000
SCWMLS
Sold 2012-08-20
$247,580
Public Record
Sold 2005-06-28
$295,000
Public Record
Sold 2004-06-03
$220,000
Public Record
Property Age: 117
Levels or Stories: 2 story, 2 flat-up and down
Separate elec meters
Water Source: Municipal water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.