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306 Palomino Lane,  Madison,  WI  53705 $700,000 Sold
306 Palomino Lane,  Madison,  WI  53705
$700,000
Sold
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 Property Type Multi Family
 Parcel # 0709-201-1510-6
 County Dane
 Sub Area W13
 Municipality Madison
 MLS# 1956558
 Listing Date 05/25/2023
 Sold Price $730,000
 Close Date 07/31/2023 12:00 AM

MLS Public Remarks  Show 6/15. What an AMAZING investment opportunity! This beautiful 3 unit situated among fruit trees, berry bushes and with walk/bike-ability to everything the near west side has to offer including shops, restaurants, the UW and more, will certainly impress! The first floor unit has beautiful wood floors, 3 bedrooms and 2 full baths/ primary recently renovated, a large kitchen, and formal dining. Just perfect for an owner occupant or get top dollar as an investment. The upper 2 units are also sizable and in great shape with wonderful rental history and both share an amazing 3 season porch. You can just see all the pride and care that has gone into loving this investment property. Newer siding, windows, HVAC systems, kitchen/bath flooring, and beautifully landscaped. This is a keeper!
Documents and Related Links  
1) RECR, LBP & EM Escrow Agreement
2) 1st Floor Unit Floor Plan
3) Updates
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Madison
  • C/T/V  City
  • Unit #  
  • Directions  N. Midvale To Regent To Bluff To Palomino
    • BUILDING INFO  
  • Number of Units  3
  • Year Built  1957
  • # Furnaces  3
  • Heating Type  ForcAir
  • Heating Fuel  Nat Gas
  • # Water Heaters  1
  • # Water Softeners  1
  • # Stoves  3
  • # Refrigerators  3
  • # Dish Washers  3
  • # Washers  2
  • # Dryers  1
  • # Units w/AC  3
    • TOTAL UNITS BY TYPE  
  • Number of Efficiencies  0
  • Number of 1 Bedrooms  0
  • Number of 2 Bedrooms  2
  • Number of 3+ Bedrooms  1
    • ANNUAL INCOME/EXPENSES  
  • Total Income  0
  • Total Expenses  0
  • Net Operating Inc  0
  • Year  
    • ASSESSMENT/SCHOOLS   
  • School District  Madison
  • High School  West
  • Middle  Hamilton
  • Elementary  Midvale/Lincoln
  • Land Assessment  $103,200
  • Improvements  $553,200
  • Total Assessment  $656,400
  • Net Taxes  $11,226
  • Assessment Year  2023
  • Tax Year  2022
  • Owner  
    • LOT DESCRIPTION  
  • Zoning  TR-V1
  • Subdivision  Rocky Bluff
  • Name of Lake/River  
  • Est. Total Acres  0.16
  • Source for Est. Total Acres  PubR
    • UNIT INFORMATION  
  • Unit 1  Air conditioning, Dining room, Dishwasher, Eat-in kitchen, Fireplace, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
  • Unit 2  Balcony/patio, Dishwasher, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
  • Unit 3  Air conditioning, Balcony/patio, Dishwasher, Eat-in kitchen, Individual heat control, Range/oven, Refrigerator, Separate Storage Unit Inc, Shared Basement
  • Unit 4  
    • Landlord Pays
    Unit Bedrooms Full Baths Half Baths Lease Expiration Date Month Rent Fin Sq.Ft Parking Elec Heat W/S
    1 3 2 0 N/A $0 1,664 2 Space Yes Yes Yes
    2 2 1 0 12/31/2023 $1300 850 1 Car Garage No No Yes
    3 2 1 0 06/1/2024 $1050 850 1 Car Garage No No Yes
    4 0 0 0 - $0 0 - - - -
    Items Included 3 Range/Ovens, 3 Refrigerators, 3 Dishwashers, 3 Garbage Disposals, 2 Washers, 1 Dryer, Water Softener, 3 CA Units, 3 Furnaces, Water Heater
    Items Excluded  All personal property of Seller and/or Tenant
    INTERIOR FEATURES  
  • Energy Efficient/Green Features  
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Full, Poured Concrete Foundation
    • EXTERIOR FEATURES  
  • Type   Apartment building
  • Parking per Unit  Detached
  • Barrier-free Features  First floor bedroom, First floor full bath, Level lot, Low pile or no carpeting, Open floor plan
  • Exterior  Brick, Stone, Wood
  • Waterfront  
  • Terms  
    • OTHER FEATURES  
  • Utilities  Sep elec meters each unit, Sep gas meters each unit
  • Legal Documents  Condition report on file
  • Miscellaneous  Close to bus line, Shared laundry, Water Softener Owned



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Lauer Realty Group, Inc.