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1502 Drewry Lane

1502 Drewry Lane, Madison, WI 53704
Sold Apr 25, 2022
$400,000
$380,000 by Thompson Kane & Company Inc
Mortgage Due May 01, 2052
Sold Apr 07, 2016
$231,990
$244,903 by American Lending Solutions Llc
Mortgage Due May 01, 2046
Local assessors in Madison, WI have categorized 1502 Drewry Lane as a residential type of property. The home was built in 1987 and is 37 years old. It was most recently renovated and altered in 2003. The property's lot size has been calculated to be 12,000 square feet. The linear feet between the front and back of the lot was measured at 2,000 ft and the front of the lot was measured at 600 ft. 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 10 rooms in the home. Of these, 4 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 are 3 full bathrooms. There are also 3 partial bathrooms. 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 1502 Drewry Lane has a total of 2,895 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 partial basement that is 1,785 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 attached garage for those who need a place to park their vehicle. The garage on the property is 649 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 average. 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 wood were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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, 1502 Drewry Lane sold most recently in Apr 22, 2022 for a total of $400,000. If you work out the math, that's approximately a cost of $94.81 per sqft. Before that, the property was also sold for $231,990 in Apr 1, 2016. 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 $12,352 in taxes each year. 1502 Drewry Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $330,000. If we break it down further, the land itself was valued at $58,600. Improvements to the property, however, were assessed at a total of $271,400. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Brick Exterior / Wood Exterior
Stone Exterior
Wood Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Partial basement
  • Basement Area: 1,785
  • Parking Type: Built-in
  • Garage Type: Attached
  • Garage Square Area: 649
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 4,219
  • Gross Building Area: 4,347
  • Building Area: 2,895
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,895
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKEVIEW HEIGHTS
  • Land Acres: 0.276
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKEVIEW HEIGHTS, BLK 3, W 1/2 OF LOT 15.

Ownership

  • Current Owner : SCHOENEMANN ADAM
  • Previous Owner : BARRY DANIEL P
  • Previous Owner 2: BARRY DABRIELLE J
  • Owner Before Previous Owner: OASEN DANIEL R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Metropolitan School District
  • School Tax School District: 34
  • Census Tract: 002402

Zoning

  • Zoning: SR-C1

Geography

  • Parcel: 0809-254-1119-4
  • Block: 3
  • Lot: 15
  • Meridian: SEC 25 QTR 4 TWN 08N RNG 09E
  • Municipality: CITY OF MADISON
  • Latitude: 43.1364
  • Longitude: -89.3707

    Address

  • Full Address: 1502 Drewry Ln
  • Address - House Number: 1502
  • Address - Street Name: Drewry
  • Address - Suffix Type: Ln
  • State: WI
  • City Name: Madison
  • Carrier Code: C042
  • 4-Digit Zip Code: 2104
  • Zip Code: 53704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,352
  • Tax Rate Code Area: 60

    Appraisal Valuation

  • Standard Deviation: 0.1598
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 452,521
  • High Value: 524,870
  • Low Value: 380,173

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $380,000
  • First Open Lien Mortgage Lender: THOMPSON KANE & COMPANY INC
  • First Open Lien Mortgage Recording Date: Apr 25, 2022
  • First Open Lien Mortgage Loan Amount: $380,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $330,000
  • Assessed Land Value: $58,600
  • Assessed Improvements Value: $271,400

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: Apr 25, 2022
  • Current Sale Transaction ID: 11885624084
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5828628
  • Previous Sale Recording Date: Apr 07, 2016
  • Previous Sale Contract Date: Apr 01, 2016
  • Previous Sale Amount: $231,990
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THOMPSON KANE & COMPANY INC
  • First Mortgage Transaction Date: Apr 25, 2022
  • First Mortgage Loan Amount: $380,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN LENDING SOLUTIONS LLC
  • Previous Mortgage Transaction Date: Apr 07, 2016
  • Previous Mortgage Loan Amount: $244,903
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 01, 2046

About Lakeview Hills



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Frequently Asked Questions

What neighborhood is 1502 Drewry Lane located in?
The 1502 Drewry Lane is a house located in the neighborhood of Lakeview Hills in Lakeview Hills, Madison.
What is the average sales price for listings in 1502 Drewry Lane?
The average sales price for units in 1502 Drewry Lane is $0 currently.

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