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401 Molly Lane

401 Molly Lane, Cottage Grove, WI 53527
Sold Jul 02, 2020
$389,900
$289,900 by Oregon Community Bank
Mortgage
Sold Oct 31, 2012
$283,000
$225,000 by Mcfarland State Bank
Mortgage Due Nov 01, 2027
401 Molly Lane in Cottage Grove, WI was first built in 2007 and is 17 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 4 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. In total, the area measurement of the land is 14,636 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. Water for the property is sourced from a municipal system. The property is connected to a sewer system. 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 good. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. 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. 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, 401 Molly Lane sold most recently in Jun 25, 2020 for a total of $389,900. Before that, the property was also sold for $283,000 in Oct 29, 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 $7,502 in taxes each year. 401 Molly Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $390,500. If we break it down further, the land itself was valued at $91,000. Improvements to the property, however, were assessed at a total of $299,500. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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
Stone Exterior
Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Total Rooms: 4
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,464
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,636
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: QUARRY RIDGE ESTATES FIRST ADDN
  • Land Acres: 0.336
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: QUARRY RIDGE ESTATES FIRST ADDN LOT 40

Ownership

  • Current Owner : WOOD ROBERT J
  • Current Owner 2: WOOD MARGARET E
  • Previous Owner : ODONNELL RYAN J
  • Previous Owner 2: ODONNELL KELLI N
  • Owner Before Previous Owner: MILLER CHARLES R
  • Owner Before Previous Owner 2: MILLER CHERYL
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Monona Grove School District
  • School Tax School District: MONONA GROVE SD
  • Census Tract: 012004

Geography

  • Parcel: 0711-044-0010-1
  • Lot: 40
  • Meridian: SEC 04 TWN 07N RNG 11E
  • Municipality: VILLAGE OF COTTAGE GROVE
  • Latitude: 43.0982
  • Longitude: -89.1931

    Address

  • Full Address: 401 Molly Ln
  • Address - House Number: 401
  • Address - Street Name: Molly
  • Address - Suffix Type: Ln
  • State: WI
  • City Name: Cottage Grove
  • Carrier Code: R005
  • 4-Digit Zip Code: 8983
  • Zip Code: 53527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,502
  • Tax Rate Code Area: 112

    Appraisal Valuation

  • Standard Deviation: 0.1419
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 83
  • Final Value: 542,270
  • High Value: 619,259
  • Low Value: 465,282

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $289,900
  • First Open Lien Mortgage Lender: OREGON COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Jul 02, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $289,900
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $399,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $390,500
  • Assessed Land Value: $91,000
  • Assessed Improvements Value: $299,500

    Sales

  • Current Sale Contract Date: Jun 25, 2020
  • Current Sale Recording Date: Jul 02, 2020
  • Current Sale Transaction ID: 11771770947
  • Current Sale Price: $389,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5608256
  • Previous Sale Recording Date: Oct 31, 2012
  • Previous Sale Contract Date: Oct 29, 2012
  • Previous Sale Amount: $283,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: OREGON COMMUNITY BANK
  • First Mortgage Transaction Date: Jul 02, 2020
  • First Mortgage Loan Amount: $289,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MCFARLAND STATE BANK
  • Previous Mortgage Transaction Date: Oct 31, 2012
  • Previous Mortgage Loan Amount: $225,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2027

About Quarry Ridge Estates



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 401 Molly Lane located in?
The 401 Molly Lane is a house located in the neighborhood of Quarry Ridge Estates in Quarry Ridge Estates, Cottage Grove.
What is the average sales price for listings in 401 Molly Lane?
The average sales price for units in 401 Molly Lane is $389,900 , or $127/sqft. currently.

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