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3518 Richard Street

3518 Richard Street, Madison, WI 53714
Property in East Morland
Sold Jan 02, 2024
$251,000
$243,470 by Fairway Independent Mtg Corp
Mortgage Due Jan 01, 2054
Sold May 12, 2011
Transfer
3518 Richard Street in Madison, WI was first built in 1949 and is 75 years old. Although, the building on the property was most recently renovated and altered in 1968. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 3518 Richard Street has 855 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,499 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 240 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Dec 29, 2023 for $251,000. That's $229.22 per sqft. 3518 Richard Street was last assessed in 2022. The total value of the property was assessed at $206,700. Specifically, the land the property is located on was valued at $55,800. While improvements on the property were assessed at a total of $150,900. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $8,511. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,499
  • Total Building Area: 1,095
  • Gross Building Area: 1,170
  • Building Area: 855
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: unknown
  • Heated Square Feet: 855
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TILTON MIDLANDS
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TILTON MIDLANDS LOT 87 EXC N 35 FT ALSO KNOWN AS LOT 135 MARCY UNRECORDED PLAT

Ownership

  • Current Owner : VARGAS TRACY
  • Current Owner 2: VARGAS RICHARD
  • Previous Owner : GORMAN MICHAEL P
  • Previous Owner 2: GORMAN TONI L
  • Owner Before Previous Owner: SCHEMEHORN STEVEN
  • Owner Before Previous Owner 2: SCHEMEHORN NICOLE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Metropolitan School District
  • School Tax School District: 10
  • Census Tract: 002700

Zoning

  • Zoning: TR-C1

Geography

  • Parcel: 0710-043-0429-3
  • Lot: 87
  • Meridian: SEC 04 QTR 3 TWN 07N RNG 10E
  • Municipality: CITY OF MADISON
  • Latitude: 43.0936
  • Longitude: -89.3264

    Address

  • Full Address: 3518 Richard St
  • Address - House Number: 3518
  • Address - Street Name: Richard
  • Address - Suffix Type: St
  • State: WI
  • City Name: Madison
  • Carrier Code: C008
  • 4-Digit Zip Code: 2343
  • Zip Code: 53714

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,511
  • Tax Rate Code Area: 60

    Appraisal Valuation

  • Standard Deviation: 0.0786
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 94
  • Final Value: 252,113
  • High Value: 271,940
  • Low Value: 232,286

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $243,470
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Open Lien Mortgage Recording Date: Jan 02, 2024
  • First Open Lien Mortgage Loan Amount: $243,470
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2054

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $206,700
  • Assessed Land Value: $55,800
  • Assessed Improvements Value: $150,900

    Sales

  • Current Sale Contract Date: Dec 29, 2023
  • Current Sale Recording Date: Jan 02, 2024
  • Current Sale Transaction ID: 11918850430
  • Current Sale Price: $251,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5941026
  • Previous Sale Recording Date: May 12, 2011
  • Previous Sale Contract Date: Jan 18, 2011
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Mortgage Transaction Date: Jan 02, 2024
  • First Mortgage Loan Amount: $243,470
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2054

About East Morland



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Frequently Asked Questions

What neighborhood is 3518 Richard Street located in?
The 3518 Richard Street is a located in the neighborhood of East Morland in East Morland, Madison.
What is the average sales price for listings in 3518 Richard Street?
The average sales price for units in 3518 Richard Street is $0 currently.

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