NOT LISTED FOR SALE

2502 Independence Ln Unit 101 Madison, WI 53704

Greater Sandburg Neighborhood

Estimated Value: $130,000 - $164,684

1 Bed
1 Bath
810 Sq Ft
$220/mo HOA Fee

Last Sold March 22, 2024

Last sale price $160,900 $199 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,378/month

5 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Great Room
  • Open Floorplan
  • Sauna
  • Community Pool

About This Home

As of March 2024

Rare 1/2 duplex ranch style condo in Stonebridge! This oversized 1 bedroom 1 bath condo boasts double patio doors and spacious living room with tons of natural light. Many recent improvements include kitchen remodel with new range, microwave, and dishwasher, quartz bathroom vanity top, and new vinyl plank flooring. Private laundry room with washer/dryer included. Complex has pool, sauna, and fitness center. Low condo fee includes heat and water. Convenient location near the association entrance with nearby parking. A great value!

Last Agent to Sell the Property

Stuart Meland

Madcityhomes.Com License #51242-90 Listed on: 02/27/2024

Last Buyer's Agent

Logan O'Brien

Realty Executives Cooper Spransy License #89629-94

Realty Executives Cooper Spransy

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,879

Year Built

  • Built in 1974

Lot Details

  • 14

HOA Fees

  • $220 Monthly HOA Fees

Parking

  • Outside Parking

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 810 Sq Ft Home
  • Open Floorplan
  • Great Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Schools

  • Sandburg Elementary School
  • Sherman Middle School
  • East High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Patio
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number 0810-281-2221-6

Community Details

Overview

  • Association fees include heat, hot water, water/sewer, trash removal, snow removal, common area maintenance, common area insurance, recreation facility, lawn maintenance
  • 2 Units
  • Located in the Stonebridge master-planned community

Amenities

  • Sauna
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,879

Year Built

Built in 1974

Lot Details

0

HOA Fees

$220 per month

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Condo
  • Type: Condominium
  • Type Of Property: Shared Wall/Half duplex
  • Barrier Free: Open floor plan, First floor bedroom, First floor full bath
  • Items Included: refrigerator, range, dishwasher, microwave, washer, dryer
  • Fee Includes: Heat, Hot Water, Water/Sewer, Trash removal, Snow removal, Common area maintenance, Common area insurance, Recreation facility, Lawn maintenance
  • Project Name: Stonebridge
  • Year Built: 1974
  • Above Grade Price Per Sq Ft: 185.06
  • Above Grade Sold Price Per Sq Ft: 198.64
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Finished Sq Ft: 810
  • Finished Above Grade Sq Ft: 810
  • Bedrooms: 1
  • Total Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 13x11, On Level: M
  • Kitchen: Dimensions: 13x7, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Dishwasher, Microwave
  • Living Room: Dimensions: 22x18, On Level: M
  • In Unit Laundry Lvl: M
  • In Unit Laundry Room Dim: 7x6
  • Basement: None
  • Interior Amenities: Great room, Washer, Dryer, Cable/Satellite Available, At Least 1 tub, Internet - Cable
  • Floor Number: 1
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Vinyl, Brick
  • Exterior Features: Patio

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Radiant, Wall AC
  • Water Waste: Municipal water, Municipal sewer
  • Parking Unit: Outside only

Condo/Co-op/Association

  • Common Amenities: Clubhouse, Exercise room, Sauna, Close to busline, Outdoor Pool
  • Condo Fee Month: 220
  • Condo Management: Professional onsite
  • Proposed Units In Assoc: 301
  • Units in Association: 301
  • Units In Building: 2

Schools

  • School District: Madison
  • Elementary School: Sandburg
  • Middle School: Sherman
  • High School: East
  • Elementary School: Sandburg
  • High School: East
  • Middle School: Sherman
  • School District: Madison

Lot Info

  • Zoning: RES
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 10900
  • Improvements: 97100
  • Total Assessment: 108000
  • Assessment year: 2023
  • Net Taxes: 1879
  • Tax Year: 2022
  • Assessor Parcel Number: 0810-281-2221-6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2024
Closed on
Mar 22, 2024
Sold by
Wilhelm Erik and Watters Rachel
Bought by
Slinn Matthew
Seller's Agent
Stuart Meland
Madcityhomes.Com
Buyer's Agent
Logan O'Brien
Realty Executives Cooper Spransy
List Price
$149,900
Sold Price
$160,900
Premium/Discount to List
$11,000
7.34%
Views
140
Current Estimated Value
$151,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,666
Avg. Annual Appreciation
-7.50%
Original Mortgage
$128,720
Outstanding Balance
$127,319
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$16,944

Purchase Details

Listed on
Feb 27, 2024
Closed on
Feb 2, 2024
Sold by
Baumann Maria C
Bought by
Wilhelm Erik and Watters Rachel
Seller's Agent
Stuart Meland
Madcityhomes.Com
Buyer's Agent
Logan O'Brien
Realty Executives Cooper Spransy
List Price
$149,900
Sold Price
$160,900
Premium/Discount to List
$11,000
7.34%
Views
140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,720
Outstanding Balance
$127,319
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$16,944

Purchase Details

Listed on
Sep 13, 2016
Closed on
Oct 31, 2016
Sold by
Stonebridge Equities Llc
Bought by
Baumann Maria C
Seller's Agent
Max Peternell
Bruner Realty & Management
Buyer's Agent
Sandra Grunke
Restaino & Associates
List Price
$65,000
Sold Price
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.05%
Original Mortgage
$30,000
Interest Rate
3.42%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Slinn Matthew $160,900 None Listed On Document
Wilhelm Erik $105,500 None Listed On Document
Baumann Maria C $66,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slinn Matthew $128,720
Previous Owner Baumann Maria C $30,000
Previous Owner Baumann Maria C $30,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $160,900 +7.3% $199 / Sq Ft
03/03/2024 03/03/24 Pending -- -- --
02/27/2024 02/27/24 For Sale $149,900 +130.6% $185 / Sq Ft
10/31/2016 10/31/16 Sold $65,000 0.0% $96 / Sq Ft
09/16/2016 09/16/16 Pending -- -- --
09/13/2016 09/13/16 For Sale $65,000 -- $96 / 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 $3,961 $116,600 $11,800 $104,800
2023 $1,886 $108,000 $10,900 $97,100
2021 $1,852 $90,100 $10,000 $80,100
2020 $1,779 $82,700 $9,200 $73,500
2019 $1,681 $78,000 $8,700 $69,300
2018 $1,611 $75,000 $8,700 $66,300
2017 $1,472 $66,500 $7,600 $58,900
2016 $1,490 $65,500 $7,400 $58,100
2015 $1,326 $1,205,000 $144,900 $1,060,100
2014 -- $1,205,000 $144,900 $1,060,100
Source: Public Records

Agents Affiliated with this Home

  • Stuart Meland

    Seller's Agent in 2024

    Stuart Meland

    Madcityhomes.Com

    (608) 438-3150

    2 in this area

    566 Total Sales

    Section Image
  • Logan O'Brien

    Buyer's Agent in 2024

    Logan O'Brien

    Realty Executives

    (608) 438-4196

    2 in this area

    113 Total Sales

    Section Image
  • Max Peternell

    Seller's Agent in 2016

    Max Peternell

    Bruner Realty & Management

    (608) 206-4201

    1 in this area

    55 Total Sales

    Section Image

  • S

    Buyer's Agent in 2016

    Sandra Grunke

    Restaino & Associates

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1971841

South Central Wisconsin Multiple Listing Service

APN: 0810-281-2221-6

Wisconsin Dane County Madison 53704 Greater Sandburg

2502 Independence Ln Unit 101, Madison, WI

This home is located at 2502 Independence Ln Unit 101, Madison, WI 53704 since 27 February 2024 and is currently estimated at $152,895, approximately $188 per square foot. This property was built in 1974. 2502 Independence Ln Unit 101 is a home located in Dane County with nearby schools including Sandburg Elementary School, Sherman Middle School, and East High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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