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1811 Lake Point Drive

1811 Lake Point Drive, Madison, WI 53713
Multifamily in Madison
Sold Nov 11, 2019
$135,000
$130,950 by Jp Morgan Chase Bank
Mortgage
Sold Aug 20, 2012
$89,000
1811 Lake Point Drive in Madison, WI was first built in 2006 and is 18 years old. Although, the building on the property was most recently renovated and altered in 2013. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 1811 Lake Point Drive has 1,270 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 109,164 square feet.

Learn more about the property and building on this page. There is a unknown. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 264 sqft. There is one available parking space. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of concrete. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. 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, 1811 Lake Point Drive sold most recently in Nov 8, 2019 for a total of $135,000. If you work out the math, that's approximately a cost of $88.01 per sqft. Before that, the property was also sold for $89,000 in Aug 15, 2012. 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 $6,210 in taxes each year. 1811 Lake Point Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $175,000. If we break it down further, the land itself was valued at $9,500. Improvements to the property, however, were assessed at a total of $165,500. 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

Wood Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Townhouse
  • Exterior Walls Type: Concrete
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Type: Built-in
  • Garage Type: Attached
  • Garage Square Area: 264
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 109,164
  • Total Building Area: 1,534
  • Gross Building Area: 1,534
  • Building Area: 1,270
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,270
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKE POINT CONDOMINIUM
  • Land Acres: 2.506
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LAKE POINT CONDOMINIUM, UNIT 133 & A % INTEREST IN THE COMMON AREA AS DECLARED A ND RECORDED IN DANE COUNTY REGISTER OF DEEDS AS DOCUMENT 4162276.

Ownership

  • Current Owner : ROSSOW JUSTIN J
  • Previous Owner : SUN QINYUAN
  • Owner Before Previous Owner: SCHWEIGERT SHAUN
  • Owner Before Previous Owner 2: SCHWEIGERT EMILY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Metropolitan School District
  • School Tax School District: 25
  • Census Tract: 001501

Zoning

  • Zoning: PD

Geography

  • Parcel: 0710-194-1117-4
  • Meridian: SEC 19 QTR 4 TWN 07N RNG 10E
  • Municipality: CITY OF MADISON
  • Latitude: 43.0477
  • Longitude: -89.3454

    Address

  • Full Address: 1811 Lake Point Dr
  • Legal Unit: 133
  • Address - House Number: 1811
  • Address - Street Name: Lake Point
  • Address - Suffix Type: Dr
  • State: WI
  • City Name: Madison
  • Carrier Code: C009
  • 4-Digit Zip Code: 1645
  • Zip Code: 53713

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,210
  • Tax Rate Code Area: 60

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 74
  • Final Value: 290,099
  • High Value: 345,264
  • Low Value: 234,935

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $130,950
  • First Open Lien Mortgage Lender: JP MORGAN CHASE BANK
  • First Open Lien Mortgage Recording Date: Nov 11, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $130,950
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $175,000
  • Assessed Land Value: $9,500
  • Assessed Improvements Value: $165,500

    Sales

  • Current Sale Contract Date: Nov 08, 2019
  • Current Sale Recording Date: Nov 11, 2019
  • Current Sale Transaction ID: 11679662375
  • Current Sale Price: $135,000
  • Current Sale Document Type: Condominium Deed
  • Current Sale Input Document Number: 5539049
  • Previous Sale Recording Date: Aug 20, 2012
  • Previous Sale Contract Date: Aug 15, 2012
  • Previous Sale Amount: $89,000
  • Previous Sale Document Type: Condominium Deed

    Last Sale Mortgage

  • First Mortgage Lender: JP MORGAN CHASE BANK
  • First Mortgage Transaction Date: Nov 11, 2019
  • First Mortgage Loan Amount: $130,950
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 1811 Lake Point Drive located in?
The 1811 Lake Point Drive is a multifamily located in the neighborhood of Madison in Madison, Madison.
What is the average sales price for listings in 1811 Lake Point Drive?
The average sales price for units in 1811 Lake Point Drive is $0 currently.

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