1027 Drake St, Madison, WI 53715-1609 Sold for $475,500 on 05/06/2022

1027 Drake St, Madison BD: 0 BA: 1 $475,500 Sold

  • Residential Income
  • Status: Sold
  • County: Dane
  • 0 Full Bathrooms
  • Acreage: 0.137
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Property Taxes: $7,982
  • Property Tax Year: 2020
  • MLS#: 1924539
  • Listing Company: American, Realtors
  • Number of Units: 2
  • Unit Type 1 Avg Rent: $1,220
  • Unit 1 Parking: 2 Space
  • Unit Type 2 Avg Rent: $920
  • Unit 2 Parking: 2 Space

1027 Drake St, Madison, WI 53715-1609 - Excellent Investment property to add to your portfolio. This well-built home is just a couple of blocks from the lake & offers an ideal location, close to bus route, downtown & everything Madison has to offer. Sweet view of Lake Monona from the front yard! 1st floor unit offers 2 bedroom, 1 bath. 2nd floor has 1 bedroom, 1 bath. Backyard offers convenient alley access. Can park 4-6 cars in back. All of the major components have been updated on the exterior in about 2010, from the roof to the siding, windows, insulation & new rubber membrane roofing. Lovely, newer front porch, first floor screened deck & 2nd level deck. Once in a lifetime investment opportunity! Add'l $350/month potential rental income from 5 parking spaces & $65/month from basement rental. Can add 2 car garage at alley.

Additional Features
  • Full
  • Water Waste: Municipal sewer, Municipal water
  • 2 flat
  • Construction Type: E
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1924539 Sold Offer-Show May 11 2022 2:43AM $475,500 114
1924539 Offer-Show Active Mar 25 2022 4:58PM 114
1924539 Active Dec 2 2021 9:59AM $475,500 114
1907853 Expired Active Dec 1 2021 1:47AM 209
1907853 Active Expired Aug 9 2021 9:46PM 209
1907853 Expired Active Aug 1 2021 1:28AM 209
1907853 May 24 2021 5:47PM $499,900 $535,000 209
1907853 Active Apr 30 2021 9:48AM $535,000 209

Estimated Monthly Payment

$3,287 per month
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REALTOR *MLS* Equal Housing Opportunity

Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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