1027 Drake St
Madison, WI 53715
3 bd 2 ba 2,200 sqft Built 1897 Lot 5,968 sqft multi_family
Most recent sale
$475,500
May 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 6, 2022 | Sold | $475,500 | MLS #1924539 |
| Dec 2, 2021 | Listed | $475,500 | MLS #1924539 |
| Nov 11, 2021 | Listed | $499,900 | MLS #1923662 |
| Aug 10, 2021 | Relisted | $499,900 | MLS #1907853 |
| May 24, 2021 | Price changed | $499,900 | MLS #1907853 |
| Apr 30, 2021 | Listed | $535,000 | MLS #1907853 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $387,000 | $176,900 | $563,900 | $10,155 |
| 2023 | $337,400 | $136,100 | $473,500 | $8,566 |
| 2022 | $304,400 | $129,600 | $434,000 | $8,515 |
| 2021 | $270,700 | $116,800 | $387,500 | $8,244 |
| 2020 | $242,000 | $116,800 | $358,800 | $7,982 |
| 2019 | $232,700 | $112,300 | $345,000 | $7,703 |
| 2018 | $212,500 | $104,000 | $316,500 | $7,050 |
| 2017 | $186,400 | $104,000 | $290,400 | $6,696 |
| 2016 | $172,600 | $96,300 | $268,900 | $6,366 |
| 2015 | $170,000 | $83,700 | $253,700 | $6,065 |
| 2014 | $161,900 | $79,700 | $241,600 | $5,853 |
| 2013 | $167,100 | $74,500 | $241,600 | $6,002 |
| 2012 | $167,100 | $74,500 | $241,600 | $5,771 |
| 2011 | $165,600 | $76,000 | $241,600 | $5,490 |
| 2010 | $165,600 | $76,000 | $241,600 | $5,299 |
| 2009 | $178,300 | $76,000 | $254,300 | $5,159 |
| 2008 | $181,900 | $72,400 | $254,300 | $4,913 |
| 2007 | $176,600 | $70,300 | $246,900 | $4,851 |
Property facts
Year built
1897
Property type
multi_family
Stories
2
Beds
3
Baths
2
Living area
2,200 sqft
Lot size
5,968 sqft
ZIP code
53715
City
Madison
Street
Drake St
Coordinates
43.06182, -89.40356
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,300
Gross rental yield
8.33%
Implied cap rate
5.41%
Trend-extrapolated value
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Frequently asked questions
When did 1027 Drake St last sell?
1027 Drake St most recently sold on May 6, 2022 for $475,500.
What is the current tax assessment for 1027 Drake St?
The most recent total assessment for 1027 Drake St (year 2025) is $563,900 with $10,155 in property tax.
How does 1027 Drake St's assessment compare to its last sale price?
The current assessment is 18.6% above the last sale price of $475,500.
When was 1027 Drake St built?
1027 Drake St was built in 1897.
How does 1027 Drake St compare to others on Drake St?
We track 8 other properties on Drake St. Browse the list under "Other properties on Drake St" to compare beds, baths, and sale history.
What are the property facts for 1027 Drake St?
1027 Drake St is a 3 bed, 2 bath, 2,200 sqft, 5,968 sqft lot multi_family.
Is 1027 Drake St a flip candidate?
No — 1027 Drake St does not appear in our flips dataset.
Is 1027 Drake St a tax-appeal candidate?
Yes — 1027 Drake St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.1%
Implied 1-yr
+12.4%
2026 Q3
$583.4K
2026 Q4
$598.4K
ZIP 53715 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Drake St