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1902 South Thompson Drive

1902 South Thompson Drive, Madison, WI 53716
Property in Rustic Terraces
Sold Nov 15, 2021
$320,000
$310,400 by Fairway Independent Mtg Corp
Mortgage
Sold May 16, 2018
$262,900
$255,013 by Broker Solutions Inc
Mortgage
1902 South Thompson Drive in Madison, WI was first built in 2001 and is 23 years old. Although, the building on the property was most recently renovated and altered in 2006. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a modern style. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1902 South Thompson Drive has 1,714 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. The basement is 620 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 8,242 square feet.

Learn more about the property and building on this page. There is a unknown and 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 620 sqft. There are a total of 3 available parking spaces. 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 alum/vinyl siding. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Nov 12, 2021 for $320,000. That's $118.34 per sqft. Prior to that sales transaction, the property was also sold in May 15, 2018 for $262,900. 1902 South Thompson Drive was last assessed in 2022. The total value of the property was assessed at $320,000. Specifically, the land the property is located on was valued at $63,000. While improvements on the property were assessed at a total of $257,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $11,956. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Modern
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Partial basement
  • Basement Area: 620
  • Parking Type: Offsite
  • Garage Type: Attached
  • Garage Square Area: 620
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 8,242
  • Total Building Area: 2,704
  • Gross Building Area: 2,704
  • Building Area: 1,714
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,714
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: RUSTIC TERRACES
  • Land Acres: 0.189
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RUSTIC TERRACES, LOT 30.

Ownership

  • Current Owner : XIONG YUEPHENG
  • Current Owner 2: YANG BAONHIA ANA
  • Previous Owner : VANG MAI CHENG Y
  • Previous Owner 2: YANG VADA P
  • Owner Before Previous Owner: PYNG JOSAMARIE L
  • Owner Before Previous Owner 2: PYNG CHARLES Y
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Metropolitan School District
  • School Tax School District: 2
  • Census Tract: 003100

Zoning

  • Zoning: SR-C2

Geography

  • Parcel: 0710-142-0351-8
  • Lot: 30
  • Meridian: SEC 14 QTR 2 TWN 07N RNG 10E
  • Municipality: CITY OF MADISON
  • Latitude: 43.0718
  • Longitude: -89.2823

    Address

  • Full Address: 1902 S Thompson Dr
  • Address - House Number: 1902
  • Street Direction: S
  • Address - Street Name: Thompson
  • Address - Suffix Type: Dr
  • State: WI
  • City Name: Madison
  • Carrier Code: C019
  • 4-Digit Zip Code: 2409
  • Zip Code: 53716

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,956
  • Tax Rate Code Area: 60

    Appraisal Valuation

  • Standard Deviation: 0.1596
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 382,945
  • High Value: 444,100
  • Low Value: 321,791

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $310,400
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Open Lien Mortgage Recording Date: Nov 15, 2021
  • First Open Lien Mortgage Loan Amount: $310,400
  • 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: $320,000
  • Assessed Land Value: $63,000
  • Assessed Improvements Value: $257,000

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Nov 15, 2021
  • Current Sale Transaction ID: 11869148336
  • Current Sale Price: $320,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5789100
  • Previous Sale Recording Date: May 16, 2018
  • Previous Sale Contract Date: May 15, 2018
  • Previous Sale Amount: $262,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MTG CORP
  • First Mortgage Transaction Date: Nov 15, 2021
  • First Mortgage Loan Amount: $310,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: BROKER SOLUTIONS INC
  • Previous Mortgage Transaction Date: May 16, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $255,013
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Rustic Terraces



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Frequently Asked Questions

What neighborhood is 1902 South Thompson Drive located in?
The 1902 South Thompson Drive is a located in the neighborhood of Rustic Terraces in Rustic Terraces, Madison.
What is the average sales price for listings in 1902 South Thompson Drive?
The average sales price for units in 1902 South Thompson Drive is $0 currently.

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