Showings start 8/9. 3 unit located in prime near west side area of Madison. Investment opportunity awaits, whether building your portfolio or owner occupy and mitigate living expenses by way of additional units. Second floor unit #4 rent increases to $1200/month on 9/1/23. Amazing proximity to near west side amenities, including Hilldale, Hoyt Park and more. More photos will be coming! This is a 3 Unit. Unit makeup: First floor is Unit 1. Second floor has two units, which are labeled Unit 3 and Unit 4. Licensee interest.
Sold
Tax assessed value
$602,000
315 Palomino Ln, Madison, WI 53705
5beds
2,680sqft
Apartment
Built in 1956
-- sqft lot
$695,200 Zestimate®
$225/sqft
$2,214 Estimated rent
Home value
$695,200
$660,000 - $737,000
$2,214/mo
Zestimate® history
Owner options
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$3,989/mo
Est. payment
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$3,989/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Chris P Stark,
Stark Company, REALTORS
Bought with:
Doug Noot, 52645-90
EXP Realty, LLC
Source: SCWMLS,MLS#: 1961322
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Radiant
Appliances
- Included: Range/Oven (Unit 1), Refrigerator (Unit 1), Washer/Dryer (Unit 1), Range/Oven (Unit 3), Refrigerator (Unit 3), Range/Oven (Unit 4), Refrigerator (Unit 4), Water Softener Owned
Features
- Eat In Kitchen (Unit 1), Family/Rec Room (Unit 1), Eat In Kitchen (Unit 3), Eat In Kitchen (Unit 4)
- Basement: Full,Partially Finished
Interior area
- Total structure area: 2,680
- Total interior livable area: 2,680 sqft
Property
Parking
- Total spaces: 3
- Parking features: 1 space
- Details: Outside
Features
- Levels: Two
- Patio & porch: Balcony/Patio (Unit 1), Balcony/Patio (Unit 3), Balcony/Patio (Unit 4)
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 070920116055
- Zoning: R4
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Brick, Stone
Condition
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate elec meters, Separate gas meters, Separate water meters
Community & HOA
Community
- Subdivision: First Addition to the Ray F Lease Plat
Location
- Region: Madison
Financial & listing details
- Price per square foot: $225/sqft
- Tax assessed value: $542,800
- Annual tax amount: $9,268
- Date on market: 8/4/2023
- Listing terms: Arms Length
- Total actual rent: 43380
Price history
| Date | Event | Price |
|---|---|---|
| 10/4/2023 | Sold | $602,000+0.3%$225/sqft |
Source: Public Record Report a problem | ||
| 8/12/2023 | Pending sale | $600,000$224/sqft |
Source:  WIREX MLS #1961322 Report a problem | ||
| 8/4/2023 | Listed for sale | $600,000+84.6%$224/sqft |
Source: WIREX MLS #1961322 Report a problem | ||
| 6/24/2014 | Sold | $325,000+3.2%$121/sqft |
Source: Public Record Report a problem | ||
| 10/8/2013 | Sold | $315,000$118/sqft |
Source: Public Record Report a problem | ||
| 8/15/2013 | Listed for sale | $315,000-7.3%$118/sqft |
Source: Restaino & Associates, Inc. #1694224 Report a problem | ||
| 7/13/2013 | Listing removed | $339,900$127/sqft |
Source: Restaino & Associates, Inc. #1673076 Report a problem | ||
| 1/10/2013 | Listed for sale | $339,900-2.9%$127/sqft |
Source: Restaino & Associates, Inc. #1673076 Report a problem | ||
| 9/30/2012 | Listing removed | $349,900$131/sqft |
Source: Restaino & Associates, Inc. #1650837 Report a problem | ||
| 3/31/2012 | Listed for sale | $349,900-5.4%$131/sqft |
Source: Restaino & Associates, Inc. #1650837 Report a problem | ||
| 3/4/2011 | Listing removed | $369,900$138/sqft |
Source: Restaino & Associates, Inc. #1613772 Report a problem | ||
| 7/14/2010 | Listed for sale | $369,900+2.8%$138/sqft |
Source: Restaino & Associates, Inc. #1600053 Report a problem | ||
| 11/8/2005 | Sold | $360,000$134/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,784 +7.7% | $602,000 +10.9% |
| 2023 | $10,936 | $542,800 +15% |
| 2022 | -- | $472,000 +10% |
| 2021 | -- | $429,100 +8% |
| 2020 | -- | $397,300 +5% |
| 2019 | $8,039 | $378,400 +5% |
| 2018 | $8,039 +6.3% | $360,400 +10% |
| 2017 | $7,564 +0.2% | $327,600 +4% |
| 2016 | $7,549 -0.1% | $315,000 |
| 2014 | $7,554 +23.9% | $315,000 +7.9% |
| 2013 | $6,098 -4.9% | $292,000 +9% |
| 2012 | $6,410 +5.1% | $268,000 |
| 2011 | $6,098 +3.6% | $268,000 |
| 2010 | $5,886 +8.2% | $268,000 |
| 2009 | $5,441 -8.3% | $268,000 -12.6% |
| 2008 | $5,935 +0.2% | $306,800 |
| 2007 | $5,926 +4% | $306,800 +4% |
| 2006 | $5,696 +9.8% | $295,000 +16% |
| 2005 | $5,190 -3.6% | $254,400 +3% |
| 2004 | $5,384 -4.2% | $247,000 |
| 2003 | $5,619 +3.6% | $247,000 +5% |
| 2002 | $5,424 +0.2% | $235,200 +5% |
| 2001 | $5,413 +4.5% | $224,000 +7.7% |
| 2000 | $5,180 | $208,000 |
Find assessor info on the county website
Neighborhood: Rocky Bluff
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Nearby schools
GreatSchools rating
- NAMidvale Elementary SchoolGrades: PK-2Distance: 0.9 mi
- 8/10Hamilton Middle SchoolGrades: 6-8Distance: 0.8 mi
- 9/10West High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Midvale/Lincoln
- Middle: Hamilton
- High: West
- District: Madison
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$695,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$695,200
- Wisconsin
- Dane County
- Madison
- 53705
- Rocky Bluff
- 315 Palomino Ln
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