NOT LISTED FOR SALE

405 Lance Ln Madison, WI 53716

Lake Edge Neighborhood

Estimated Value: $393,000 - $445,000

3 Beds
1.5 Baths
1,328 Sq Ft
$310/Sq Ft Est. Value

Last Sold May 22, 2023

Last sale price $365,000 $275 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,177/month

3 Days on Market

Highlights

  • 0.44 Acre Lot
  • Wooded Lot
  • Wood Flooring
  • Deck
  • Ranch Style House
  • Cul-De-Sac

About This Home

As of May 2023

Very Well Maintained by the owners for over 55 Years! This Cozy Quaker Heights 1,328 sq/ft, 3 bedroom, 1+ bath, Ranch home is close to the Monona Golf course, Lake Monona, the Bike Path around the lake, Schools, Aldo Leopold Nature Center, Edna Taylor Conservancy, Schools, Lots of Shopping & Restaurants. The first floor Family Room/Formal Dining area & deck were an addition with an insulated crawl space under it. Hardwood floors are in the Living Room, the 3 Bedrooms & Hallway. The Natural Gas fired Heated Garage is 21x25! The lot is a .44 acre with nice garden space set up. Nice quiet Cul-De-Sac with no sidewalks to shovel! The owners are moving into their over 55 housing in May, so a quick closing can be done.

Last Agent to Sell the Property

James Veloff

RE/MAX Preferred License #8135-90 Listed on: 04/21/2023

RE/MAX Preferred

Last Buyer's Agent

Kyle Bollman

Stark Company, REALTORS License #96882-94

Stark Company, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,683

Year Built

  • Built in 1953

Lot Details

  • 0.44 Acre Lot
  • Cul-De-Sac
  • Wooded Lot
  • Property is zoned SR-C1

Home Design

  • Ranch Style House
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,328 Sq Ft Home
  • Wood Flooring

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Stubbed For A Bathroom

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Driveway Level

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting

Outdoor Features

  • Deck
  • Patio

Schools

  • Allis Elementary School
  • Sennett Middle School
  • Lafollette High School

Utilities

  • Forced Air Cooling System
  • Water Softener
  • Cable TV Available

Community Details

  • Quaker Heights 1St Add Lot 19 Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,683

Year Built

Built in 1953

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 drive, Low pile or no carpeting
  • Items Excluded: Matching Drapes to the Bedspread in the Main Bedroom
  • Items Included: Range/Oven, Refrigerator, Second Refrigerator in L/L, Freezer in L/L, Clothes Washer & Gas Dryer, Water Softener, Gas Fired Heater in Garage, Most Window Blinds & Drapes
  • Year Built: 1953
  • Above Grade Sold Price Per Sq Ft: 274.85
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Above Grade Finished Sq Ft: 1328
  • Finished Sq Ft: 1328
  • Bedrooms: 3
  • Main Level Full Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Total Full Bathrooms: 1
  • Total Half Bathrooms: 1
  • Master Bedroom: Dimensions: 12x13, On Level: M
  • Bedroom 2: Dimensions: 10x12, On Level: M
  • Bedroom 3: Dimensions: 9x10, On Level: M
  • Kitchen: Dimensions: 8x14, On Level: M
  • Kitchen Features: Breakfast bar, Range/Oven, Refrigerator, Dishwasher, Microwave, Freezer
  • Living Room: Dimensions: 12x21, On Level: M
  • Dining Room: Dimensions: 10x13, On Level: M
  • Family Room: Dimensions: 12x13, On Level: M
  • Other Room 1: Garage, Dimensions: 21x25, On Level: M
  • Laundry: On Level: L
  • Basement: Partial, Stubbed for Bathroom, Toilet only
  • Interior Amenities: Wood or sim. wood floor, Washer, Dryer, Water softener inc, Cable available, At Least 1 tub
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Vinyl, Wood
  • Exterior Features: Deck, Patio

Garage/Parking

  • Driveway: Paved
  • Garage: 2 car, Attached, Heated, 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: Allis
  • High School: Lafollette
  • Middle School: Sennett
  • School District: Madison

Lot Info

  • Estimated Aces: 0.44
  • Lot Description: Cul-de-sac, Wooded
  • Lot Dimensions: 52/190 x 222/166
  • Zoning: SR-C1
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 4683
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
May 22, 2023
Sold by
Grundahl Income Trust
Bought by
Kohn Elaine and Salzman Michael
Seller's Agent
James Veloff
RE/MAX Preferred
Buyer's Agent
Kyle Bollman
Stark Company, REALTORS
List Price
$310,000
Sold Price
$365,000
Premium/Discount to List
$55,000
17.74%
Views
64
Current Estimated Value
$412,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,111
Avg. Annual Appreciation
4.78%
Original Mortgage
$292,000
Outstanding Balance
$283,702
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$128,409

Purchase Details

Closed on
Jan 23, 2015
Sold by
Grundahl Donald D and Grundahl Diana L
Bought by
Grundahl Income Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kohn Elaine $365,000 None Listed On Document
Grundahl Income Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kohn Elaine $292,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2023 05/22/23 Sold $365,000 +17.7% $275 / Sq Ft
04/21/2023 04/21/23 For Sale $310,000 -- $233 / 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 $12,218 $365,000 $96,800 $268,200
2023 $5,256 $310,300 $87,800 $222,500
2021 $4,683 $235,900 $77,400 $158,500
2020 $4,681 $220,500 $72,300 $148,200
2019 $4,439 $210,000 $68,900 $141,100
2018 $4,195 $198,100 $73,100 $125,000
2017 $4,101 $185,100 $73,100 $112,000
2016 $3,996 $176,300 $69,600 $106,700
2015 $3,860 $167,900 $55,700 $112,200
2014 $3,859 $167,900 $55,700 $112,200
2013 $3,855 $163,000 $55,700 $107,300
Source: Public Records

Agents Affiliated with this Home

  • James Veloff

    Seller's Agent in 2023

    James Veloff

    RE/MAX

    (608) 698-6193

    1 in this area

    26 Total Sales

    James Veloff
    Section Image
  • Kyle Bollman

    Buyer's Agent in 2023

    Kyle Bollman

    Stark Company, REALTORS

    (608) 866-2259

    3 in this area

    66 Total Sales

    Kyle Bollman
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1954165

South Central Wisconsin Multiple Listing Service

APN: 0710-162-0607-3

Wisconsin Dane County Madison 53716 Lake Edge

405 Lance Ln, Madison, WI

Not Listed for Sale

Detached

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