NOT LISTED FOR SALE

505 E Lakeview Ave Madison, WI 53716

Lake Edge Neighborhood

Estimated Value: $320,939 - $351,000

2 Beds
1 Bath
1,082 Sq Ft
$315/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $253,000 $234 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,124/month

6 Days on Market

Highlights

  • Wood Flooring
  • Detached Garage
  • Forced Air Heating and Cooling System
  • Main Floor Bedroom
  • Bathtub
  • Accessible Bedroom

About This Home

As of October 2021

This move-in-ready bungalow is your ticket to joining a welcoming community with excellent schools. This well-maintained home has had many improvements including updated electrical, new Silestone countertops, new sinks and faucets in kitchen and bath, new driveway, Pella replacement windows, and new water heater. All rooms on the first floor are freshly painted, and living room, bedrooms, feature well-maintained, original hardwood. The second floor’s carpet and wood paneling make it a comfortable and versatile space. The full basement is in good shape and ready to be finished if desired. The detached garage and big back yard provide plenty of space to relax and play. Close to Pinney Library, city parks, bus stops, Lake Monona, and Olbrich Gardens.

Last Agent to Sell the Property

Seth Pfaehler

The McGrady Group, LLC License #58575-90 Listed on: 09/26/2021

Co-Listed By

Matt McGrady

The McGrady Group, LLC License #53795-90

Last Buyer's Agent

Kelly Sweeney

Stark Company, REALTORS License #36986-90

Stark Company, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,851

Year Built

  • Built in 1950

Lot Details

  • 7,841 Sq Ft Lot
  • Property is zoned SR-C2

Home Design

  • Bungalow
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 1,082 Sq Ft Home
  • 1.5-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Garage Door Opener

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting

Location

  • Property is near bus stop

Schools

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

Utilities

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

Community Details

  • Morningside Heights Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,851

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: 1 1/2 story
  • Architecture: Bungalow
  • Barrier Free: First floor bedroom, First floor full bath, Low pile or no carpeting
  • Items Excluded: Seller's personal items
  • Items Included: Refrigerator, Range/Oven, Microwave, Washer, Dryer
  • Year Built: 1950
  • Above Grade Sold Price Per Sq Ft: 233.83
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Above Grade Finished Sq Ft: 1082
  • Finished Sq Ft: 1082
  • Bedrooms: 2
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 12x12, On Level: M
  • Bedroom 2: Dimensions: 12x8, On Level: M
  • Kitchen: Dimensions: 15x9, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Microwave, Disposal
  • Living Room: Dimensions: 12x17, On Level: M
  • Other Room 1: Other, Dimensions: 31x12, On Level: U
  • Laundry: On Level: L
  • Basement: Full, Poured concrete foundatn
  • Interior Amenities: Wood or sim. wood floor, Washer, Dryer, Water softener inc, Cable available, At Least 1 tub, Internet - Cable
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Driveway: Paved
  • Garage: 1 car, Detached, Opener
  • 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: 0.18
  • Lot Description: Close to busline
  • Zoning: SR-C2
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 3851
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2021
Closed on
Oct 29, 2021
Sold by
Hirsch Elizabeth A
Bought by
Goodman Lisa
Seller's Agent
Seth Pfaehler
The McGrady Group, LLC
Buyer's Agent
Kelly Sweeney
Stark Company, REALTORS
List Price
$237,000
Sold Price
$253,000
Premium/Discount to List
$16,000
6.75%
Current Estimated Value
$340,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,485
Avg. Annual Appreciation
7.36%
Original Mortgage
$189,750
Outstanding Balance
$173,409
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$167,076

Purchase Details

Listed on
Oct 3, 2011
Closed on
Mar 29, 2012
Sold by
Carmean Matthew A
Bought by
Hirsch Elizabeth A
Seller's Agent
Randy Tews
Restaino & Associates
Buyer's Agent
Mike Adler
Restaino & Associates
List Price
$130,000
Sold Price
$99,000
Premium/Discount to List
-$31,000
-23.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.28%
Original Mortgage
$96,490
Interest Rate
4.4%
Mortgage Type
FHA
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
Goodman Lisa $253,000 None Available
Hirsch Elizabeth A $99,000 Dane County Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goodman Lisa $189,750
Previous Owner Hirsch Elizabeth A $96,490
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2021 10/29/21 Sold $253,000 +6.8% $234 / Sq Ft
10/02/2021 10/02/21 Pending -- -- --
09/26/2021 09/26/21 For Sale $237,000 +139.4% $219 / Sq Ft
03/29/2012 03/29/12 Sold $99,000 -23.8% $82 / Sq Ft View Prior Sale
01/23/2012 01/23/12 Pending -- -- --
10/03/2011 10/03/11 For Sale $130,000 -- $108 / 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 $10,239 $293,900 $90,600 $203,300
2023 $5,057 $281,500 $86,800 $194,700
2021 $3,900 $185,400 $70,500 $114,900
2020 $3,851 $174,900 $66,500 $108,400
2019 $3,643 $165,000 $62,700 $102,300
2018 $3,638 $165,000 $39,500 $125,500
2017 $3,269 $143,500 $39,500 $104,000
2016 $3,197 $136,700 $37,600 $99,100
2015 $3,166 $134,000 $35,500 $98,500
2014 $3,169 $134,000 $35,500 $98,500
2013 $3,829 $134,000 $35,500 $98,500
Source: Public Records

Agents Affiliated with this Home

  • Seth Pfaehler

    Seller's Agent in 2021

    Seth Pfaehler

    The McGrady Group, LLC

    (608) 338-4812

    5 in this area

    443 Total Sales

    Seth Pfaehler
    Section Image
  • Matt McGrady

    Seller Co-Listing Agent in 2021

    Matt McGrady

    The McGrady Group, LLC

    (608) 772-3640

    5 in this area

    349 Total Sales

    Matt McGrady
    Section Image
  • Kelly Sweeney

    Buyer's Agent in 2021

    Kelly Sweeney

    Stark Company, REALTORS

    (608) 347-9304

    2 in this area

    51 Total Sales

    Kelly Sweeney
    Section Image
  • Randy Tews

    Seller's Agent in 2012

    Randy Tews

    Restaino & Associates

    (608) 444-1817

    151 Total Sales

    Randy Tews
    Section Image
  • Mike Adler

    Buyer's Agent in 2012

    Mike Adler

    Restaino & Associates

    (608) 235-5115

    180 Total Sales

    Mike Adler
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1920650

South Central Wisconsin Multiple Listing Service

APN: 0710-094-1129-1

Wisconsin Dane County Madison 53716 Lake Edge

505 E Lakeview Ave, Madison, WI

Not Listed for Sale

Detached

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