NOT LISTED FOR SALE

2701 University Ave Madison, WI 53705

Regent Neighborhood
1 Bed
-- Bath
840 Sq Ft
1.35 Acres

About This Home

Built in 1986, Lakepoint Commons was at the forefront of mixed-use development. The project combines 14,000 square feet of specialty retail shops at street level with 23 apartments on the upper level surrounding an open air courtyard.

Lakepoint Commons is a quiet, sunny building 2 blocks from the UW Hospital & Clinics. The studio, 1 bedroom and 1 bedroom loft apartments each enjoy individual entrances off a central courtyard. Garage parking is available below the building.

Studio/Efficiency:

https://my.matterport.com/show/?m=5wQ7vbpfCDN

One bedroom:

https://my.matterport.com/show/?m=wSSVBLK867m

One bedroom plus loft:

https://my.matterport.com/show/?m=c1Ng7YmCuxT

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Twentieth Century Markets Incorporated
Bought by
Lakepoint Commons Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000,000
Outstanding Balance
$57,177,399
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2021
Sold by
Madison Gas & Electric Co
Bought by
Village Of Shorewood
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Lakepoint Commons Llc -- None Listed On Document
Village Of Shorewood -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lakepoint Commons Llc $58,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2024 02/15/24 Price Changed $1,600 +10.3% $2 / Sq Ft
01/19/2024 01/19/24 Price Changed $1,450 +20.8% $2 / Sq Ft
12/21/2023 12/21/23 Price Changed $1,200 -25.0% $1 / Sq Ft
11/14/2023 11/14/23 Price Changed $1,600 +10.3% $2 / Sq Ft
11/09/2023 11/09/23 Price Changed $1,450 -1.7% $2 / Sq Ft
08/07/2023 08/07/23 For Rent $1,475 0.0% --
07/13/2023 07/13/23 For Rent $1,475 0.0% --
06/14/2023 06/14/23 For Rent $1,475 0.0% --
04/03/2023 04/03/23 Price Changed $1,475 +1.7% $2 / Sq Ft
02/02/2023 02/02/23 Price Changed $1,450 +52.6% $2 / Sq Ft
06/07/2022 06/07/22 For Rent $950 0.0% --
05/20/2022 05/20/22 For Rent $950 -- --

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 $245,589 $6,941,100 $1,547,000 $5,394,100
2023 $115,251 $6,310,100 $1,547,000 $4,763,100
2021 $100,848 $4,695,000 $1,287,000 $3,408,000
2020 $100,373 $4,471,000 $1,287,000 $3,184,000
2019 $95,965 $4,258,000 $1,287,000 $2,971,000
2018 $91,240 $4,055,000 $1,287,000 $2,768,000
2017 $85,874 $3,684,300 $1,287,000 $2,397,300
2016 $84,044 $3,509,300 $1,170,000 $2,339,300
2015 $84,898 $3,342,300 $1,170,000 $2,172,300
2014 $80,894 $3,342,300 $1,170,000 $2,172,300
2013 $69,912 $3,342,300 $1,170,000 $2,172,300
Source: Public Records

Map

Wisconsin Dane County Madison 53705 Regent

2701 University Ave, Madison, WI

This home is located at 2701 University Ave, Madison, WI 53705. 2701 University Ave is a home located in Dane County with nearby schools including Randall Elementary School, Hamilton Middle School, and West 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.

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