NOT LISTED FOR SALE

505 Bowman Ave Madison, WI 53716

Lake Edge Neighborhood

Estimated Value: $355,000 - $428,000

3 Beds
2 Baths
1,295 Sq Ft
$294/Sq Ft Est. Value

Last Sold July 13, 2022

Last sale price $320,000 $247 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,895/month

27 Days on Market

Highlights

  • Ranch Style House
  • Hydromassage or Jetted Bathtub
  • Den
  • Wood Flooring
  • Mud Room
  • Fenced Yard

About This Home

As of July 2022

This adorable 1946 home is the perfect mix of "move in ready" combined with character & charm! The kitchen has been recently fully remodeled. The main level bath has been recently updated & the lower level bath was just completed this year. The primary bedroom was remodeled & now offers a flex space that can be a 4th bedroom/den/office/nursery or oversized closet! The garage entryway/mudroom & laundry room was remodeled in 2022. The yard is oversized & perfect for your summer garden! Newer windows, furnace, & garage opener, + exterior/trim was recently painted. The Lake Edge neighborhood is perfectly located near Olbrich, Garver Feed Mill, parks, & is on the bus route for a quick ride to downtown/UW. Sellers would like to close ASAP & rent back to 7/31. For more photos and information visit www.LauerRealtyGroup.com or call Andrea Davitt at 608-957-3136

Last Agent to Sell the Property

Andrea Davitt

Stark Company, REALTORS License #57074-90 Listed on: 05/17/2022

Stark Company, REALTORS

Last Buyer's Agent

Kristin Shields

MHB Real Estate License #85683-94

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,034

Year Built

  • Built in 1946

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 57x129
  • Fenced Yard
  • Property is zoned SR-C2

Parking

  • Attached Garage

Home Design

  • Ranch Style House
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • Mud Room
  • Den
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk Through Bedroom
  • Bathroom on Main Level
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Outdoor Features

  • Outdoor Storage
  • Storage Shed

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Internet Available
  • Cable TV Available

Community Details

  • Lake Edge Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,034

Year Built

Built in 1946

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
  • Items Excluded: Seller's Personal Property
  • Items Included: Refrigerator, range/oven, washer/dryer, water softener, garage door opener, and remote.
  • Year Built: 1946
  • Above Grade Sold Price Per Sq Ft: 315.89
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Above Grade Finished Sq Ft: 1013
  • Finished Non Exp Sq Ft: 282
  • Finished Sq Ft: 1295
  • Bedrooms: 3
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Total Full Bathrooms: 2
  • Master Bedroom: Dimensions: 13x10, On Level: M
  • Bedroom 2: Dimensions: 11x10, On Level: M
  • Bedroom 3: Dimensions: 11X9, On Level: M
  • Kitchen: Dimensions: 11X6, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Dishwasher, Microwave
  • Living Room: Dimensions: 15x11, On Level: M
  • Other Rooms: Den/Office, Mud Room
  • Other Room 1: Mud Room, Dimensions: 10x10, On Level: L
  • Other Room 2: Den/Office, Dimensions: 11x10, On Level: M
  • Laundry: On Level: L
  • Basement: Full, Partially finished, Poured concrete foundatn
  • Interior Amenities: Wood or sim. wood floor, Washer, Dryer, Jetted bathtub, Cable available, At Least 1 tub, Walk thru bedroom, Internet - DSL
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Wood
  • Exterior Features: Fenced Yard, Storage building

Garage/Parking

  • Driveway: Paved
  • Garage: 1 car, Attached
  • Total Full Garage Stalls: 1

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: 0.17
  • Lot Dimensions: 57X129
  • Zoning: SR-C2
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 4034
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Jul 11, 2022
Sold by
James Donnelly Alexander and Stull Rosanna
Bought by
Inglin Erich
Seller's Agent
Andrea Davitt
Stark Company, REALTORS
Buyer's Agent
Kristin Shields
MHB Real Estate
List Price
$315,000
Sold Price
$320,000
Premium/Discount to List
$5,000
1.59%
Current Estimated Value
$381,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,271
Avg. Annual Appreciation
5.16%
Original Mortgage
$304,000
Outstanding Balance
$289,221
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$92,050

Purchase Details

Listed on
Oct 11, 2017
Closed on
Nov 14, 2017
Sold by
Rehbein Carl E
Bought by
Donnelly Alexander James and Tauke Rosanna Stull
Seller's Agent
Dan Miller
Realty Executives Cooper Spransy
Buyer's Agent
Andrea Davitt
Stark Company, REALTORS
List Price
$175,000
Sold Price
$185,000
Premium/Discount to List
$10,000
5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.48%
Original Mortgage
$170,000
Interest Rate
3.85%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Inglin Erich $320,000 None Listed On Document
Donnelly Alexander James $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inglin Erich $304,000
Previous Owner Donnelly Alexander James $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/13/2022 07/13/22 Sold $320,000 +1.6% $247 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $315,000 -1.6% $243 / Sq Ft
05/18/2022 05/18/22 Off Market $320,000 -- --
05/17/2022 05/17/22 For Sale $315,000 +70.3% $243 / Sq Ft
11/14/2017 11/14/17 Sold $185,000 +5.7% $156 / Sq Ft View Prior Sale
10/13/2017 10/13/17 Pending -- -- --
10/11/2017 10/11/17 For Sale $175,000 -- $147 / 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 $10,844 $326,200 $89,400 $236,800
2023 $5,418 $319,200 $85,600 $233,600
2021 $4,034 $205,700 $69,500 $136,200
2020 $4,088 $194,100 $65,600 $128,500
2019 $3,833 $183,100 $61,900 $121,200
2018 $3,858 $183,100 $39,200 $143,900
2017 $3,133 $143,600 $39,200 $104,400
2016 $3,049 $136,800 $37,300 $99,500
2015 $3,042 $134,100 $35,200 $98,900
2014 $3,040 $134,100 $35,200 $98,900
2013 $3,007 $134,100 $35,200 $98,900
Source: Public Records

Agents Affiliated with this Home

  • Andrea Davitt

    Seller's Agent in 2022

    Andrea Davitt

    Stark Company, REALTORS

    (608) 957-3136

    1 in this area

    58 Total Sales

    Andrea Davitt
    Section Image
  • Kristin Shields

    Buyer's Agent in 2022

    Kristin Shields

    MHB Real Estate

    (608) 709-8031

    1 in this area

    131 Total Sales

    Kristin Shields
    Section Image
  • Dan Miller

    Seller's Agent in 2017

    Dan Miller

    Realty Executives

    (608) 852-7071

    1 in this area

    179 Total Sales

    Dan Miller
    Section Image
  • Chris Venden

    Seller Co-Listing Agent in 2017

    Chris Venden

    Realty Executives

    (608) 279-7852

    159 Total Sales

    Chris Venden
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1934594

South Central Wisconsin Multiple Listing Service

APN: 0710-094-0723-2

Wisconsin Dane County Madison 53716 Lake Edge

505 Bowman Ave, Madison, WI

Not Listed for Sale

Detached

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