531 Summit Rd Madison, WI 53704
Estimated Value: $1,220,000 - $1,338,000
4
Beds
2
Baths
2,983
Sq Ft
$432/Sq Ft
Est. Value
About This Home
This home is located at 531 Summit Rd, Madison, WI 53704 and is currently estimated at $1,288,259, approximately $431 per square foot. 531 Summit Rd is a home located in Dane County with nearby schools including Lake View Elementary School, Sherman Middle School, and East High School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 30, 2018
Sold by
Verhoff Timothy R and Verhoff Laura Skilton
Bought by
Verhoff Timothy R and Laura Skilton Verhoff Living T
Current Estimated Value
Purchase Details
Closed on
Aug 25, 2006
Sold by
Cooper Scott W
Bought by
Verhoff Timothy R and Verhoff Laura Skilton
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$199,255
Interest Rate
6.77%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,089,004
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Verhoff Timothy R | -- | None Available | |
| Verhoff Timothy R | $499,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Verhoff Timothy R | $330,000 |
Source: Public Records
Tax History Compared to Growth
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 | $17,422 | $756,000 | $292,000 | $464,000 |
| 2023 | $16,992 | $756,000 | $292,000 | $464,000 |
| 2021 | $15,457 | $756,000 | $292,000 | $464,000 |
| 2020 | $13,825 | $530,500 | $229,000 | $301,500 |
| 2019 | $12,412 | $530,500 | $229,000 | $301,500 |
| 2018 | $11,455 | $530,500 | $229,000 | $301,500 |
| 2017 | $11,195 | $530,500 | $229,000 | $301,500 |
| 2016 | $11,114 | $530,500 | $229,000 | $301,500 |
| 2015 | $10,970 | $530,500 | $229,000 | $301,500 |
| 2014 | -- | $502,600 | $224,500 | $278,100 |
| 2013 | $10,241 | $502,600 | $224,500 | $278,100 |
Source: Public Records
Map
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