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1226 Colby Street

1226 Colby Street, Madison, WI 53715
House in Bay Creek
Sold Nov 17, 2020
$253,000
$240,350 by Summit Cu
Mortgage
Local assessors in Madison, WI have categorized 1226 Colby Street as a residential type of property. The home was built in 1949 and is 75 years old. It was most recently renovated and altered in 1965. The property's lot size has been calculated to be 6,660 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1226 Colby Street has a total of 900 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 900 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 252 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a unknown so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1226 Colby Street sold most recently in Nov 6, 2020 for a total of $253,000. If you work out the math, that's approximately a cost of $140.56 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,303 in taxes each year. 1226 Colby Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $278,300. If we break it down further, the land itself was valued at $93,500. Improvements to the property, however, were assessed at a total of $184,800. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Paved Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: D
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Full basement
  • Basement Area: 900
  • Parking Type: Built-in
  • Garage Type: Detached
  • Garage Square Area: 252
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,660
  • Total Building Area: 1,800
  • Gross Building Area: 1,920
  • Building Area: 900
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 900
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKESIDE ADD TO S MADISON
  • Land Acres: 0.153
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKESIDE ADD TO S MADISON ALL THAT PRT O F LOTS 8 & 9 LYING N OF OLIN AVE & S 30 FT OF LOT 7, BLOCK 3

Ownership

  • Current Owner : SLUNT JOSEPH VANDE
  • Current Owner 2: SLUNT MOLLY VANDE
  • Previous Owner : WAGNER CYNTHIA JANE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Metropolitan School District
  • School Tax School District: 6
  • Census Tract: 001300

Zoning

  • Zoning: TR-C2

Geography

  • Parcel: 0709-261-0908-8
  • Block: 3
  • Lot: 8,9
  • Meridian: SEC 26 QTR 1 TWN 07N RNG 09E
  • Municipality: CITY OF MADISON
  • Latitude: 43.0534
  • Longitude: -89.3843

    Address

  • Full Address: 1226 Colby St
  • Address - House Number: 1226
  • Address - Street Name: Colby
  • Address - Suffix Type: St
  • State: WI
  • City Name: Madison
  • Carrier Code: C006
  • 4-Digit Zip Code: 2010
  • Zip Code: 53715

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,303
  • Tax Rate Code Area: 60

    Appraisal Valuation

  • Standard Deviation: 0.1606
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 343,865
  • High Value: 399,099
  • Low Value: 288,631

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $319,450
  • First Open Lien Mortgage Lender: SUMMIT CU
  • First Open Lien Mortgage Recording Date: Nov 17, 2020
  • First Open Lien Mortgage Loan Amount: $240,350
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: SUMMIT CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Aug 16, 2022
  • Second Open Lien Mortgage Loan Amount: $79,100
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $278,300
  • Assessed Land Value: $93,500
  • Assessed Improvements Value: $184,800

    Sales

  • Current Sale Contract Date: Nov 06, 2020
  • Current Sale Recording Date: Nov 17, 2020
  • Current Sale Transaction ID: 11802316084
  • Current Sale Price: $253,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5662565

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT CU
  • First Mortgage Transaction Date: Nov 17, 2020
  • First Mortgage Loan Amount: $240,350
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Bay Creek



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$2,650 /mo

  • 3 Beds
  • 2.5 Baths
Listing by Gina Morales

Frequently Asked Questions

What neighborhood is 1226 Colby Street located in?
The 1226 Colby Street is a house located in the neighborhood of Bay Creek in Bay Creek, Madison.
What is the average sales price for listings in 1226 Colby Street?
The average sales price for units in 1226 Colby Street is $250,000 , or $278/sqft. currently.

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