NOT LISTED FOR SALE

1305 Rae Ln Madison, WI 53711

Orchard Ridge Neighborhood

Estimated Value: $385,000 - $404,000

3 Beds
1 Bath
1,350 Sq Ft
$292/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $247,000 $183 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,982/month

6 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Forced Air Heating and Cooling System
  • Vel Phillips Memorial High School Rated A
  • Attached Garage
  • 2-minute walk to Hammersley Park

About This Home

As of July 2020

NO SHOWINGS UNTIL JUNE 15 - This well maintained 3-bedroom ranch has been lovingly cared for and is move-in ready. Recently remodeled kitchen features Amish cabinets with soft close doors and Granite counter tops. All new flooring on the main level w/carpeting in the living room and all 3 BRs and high-grade durable wood laminate in the kitchen and dining room. Additional updates include: fresh new paint throughout and a new roof in 2020. All appliances incl washer and dryer; all you need to do is move-in and unpack. Enjoy some quiet time on your backyard patio and peace of mind with a UHP Warranty.

Last Agent to Sell the Property

Phillip Caruso

First Weber, Inc License #54029-94 Listed on: 06/10/2020

First Weber, Inc

Last Buyer's Agent

Brian Conne

First Weber, Inc License #81894-94

First Weber, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,444

Year Built

  • Built in 1973

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot
  • Property is zoned SR-C1

Home Design

  • Ranch Style House
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Garage Door Opener

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

  • Orchard Ridge Elementary School
  • Toki Middle School
  • Memorial High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Softener

Additional Features

  • Patio
  • Property is near bus stop

Community Details

  • Meadowood Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,444

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: 1 story
  • Architecture: Ranch
  • Barrier Free: First floor bedroom, First floor full bath, Level lot
  • Items Excluded: Seller's Personal Property.
  • Items Included: Refrigerator, Dishwasher, Range/Oven, Window Coverings, Garage Opener and remote, Washer/ Dryer, Water Softener, Ceiling Fans
  • Year Built: 1973
  • Above Grade Sold Price Per Sq Ft: 205.83
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Above Grade Finished Sq Ft: 1200
  • Finished Non Exp Sq Ft: 150
  • Finished Sq Ft: 1350
  • Bedrooms: 3
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 13x10, On Level: M
  • Bedroom 2: Dimensions: 10x10, On Level: M
  • Bedroom 3: Dimensions: 11x09, On Level: M
  • Kitchen: Dimensions: 11x10, On Level: M
  • Kitchen Features: Breakfast bar, Pantry, Range/Oven, Refrigerator, Dishwasher, Disposal
  • Living Room: Dimensions: 15x14, On Level: M
  • Dining Area: Dimensions: 14x13, On Level: M
  • Laundry: On Level: L
  • Basement: Full, Poured concrete foundatn
  • Interior Amenities: Wood or sim. wood floor, Washer, Dryer, Water softener inc
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Patio

Garage/Parking

  • Driveway: Paved
  • Garage: 2 car, Attached, Opener
  • Total Full Garage Stalls: 2

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Forced air, Central air
  • Water Waste: Municipal water, Municipal sewer

Schools

  • Elementary School: Orchard Ridge
  • High School: Memorial
  • Middle School: Toki
  • School District: Madison

Lot Info

  • Estimated Aces: 0.2
  • Lot Description: Close to busline, Sidewalk
  • Zoning: SR-C1
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 4444
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Jul 10, 2020
Sold by
Nye James M and Nye Patricia A
Bought by
Allen Jonathan M and Allen Sarah E
Seller's Agent
Phillip Caruso
First Weber, Inc
Buyer's Agent
Brian Conne
First Weber, Inc
List Price
$234,900
Sold Price
$247,000
Premium/Discount to List
$12,100
5.15%
Current Estimated Value
$393,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,581
Avg. Annual Appreciation
8.77%
Original Mortgage
$222,300
Outstanding Balance
$197,121
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$196,460
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Allen Jonathan M $247,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Jonathan M $222,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2020 07/10/20 Sold $247,000 +5.2% $183 / Sq Ft
06/10/2020 06/10/20 For Sale $234,900 -- $174 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,259 $337,900 $95,400 $242,500
2023 $5,199 $307,200 $86,700 $220,500
2022 $10,652 $287,100 $81,000 $206,100
2021 $4,921 $247,000 $69,800 $177,200
2020 $4,780 $224,900 $64,900 $160,000
2019 $4,444 $210,200 $60,700 $149,500
2018 $4,076 $192,800 $60,700 $132,100
2017 $3,984 $180,100 $60,700 $119,400
2016 $3,553 $157,800 $60,700 $97,100
2015 $3,541 $151,700 $60,700 $91,000
2014 $3,466 $151,700 $60,700 $91,000
2013 $3,623 $147,300 $58,900 $88,400
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Phillip Caruso

    First Weber, Inc

    (608) 712-5930

    18 Total Sales

    Phillip Caruso
    Section Image
  • Brian Conne

    Buyer's Agent in 2020

    Brian Conne

    First Weber, Inc

    (608) 291-3394

    47 Total Sales

    Brian Conne
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1885598

South Central Wisconsin Multiple Listing Service

APN: 0708-364-0108-7

Wisconsin Dane County Madison 53711 Orchard Ridge

1305 Rae Ln, Madison, WI

Not Listed for Sale

Detached

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