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407 Bowman Avenue

407 Bowman Avenue, Madison, WI 53716
Sold Apr 14, 2020
$240,000
$180,000 by Monona State Bank
Mortgage
Sold May 31, 2013
$136,800
$129,960 by Bmo Harris Bank Na
Mortgage Due Jun 01, 2043
407 Bowman Avenue has been categorized by the local assessors in Madison, WI as a residential type of property. The building on the property was first built in 1941 and is 83 years old. However, we must point out that the home was most recently renovated and altered in 1980. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 407 Bowman Avenue has 1,335 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 812 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 1,320 ft and across the front of the lot is 650 ft. The area measurement of the land has been determined as 8,580 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 288 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The roof of the building is made of asphalt. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Apr 13, 2020 for $240,000. That's $107.53 per sqft. Prior to that sales transaction, the property was also sold in May 21, 2013 for $136,800. 407 Bowman Avenue was last assessed in 2022. The total value of the property was assessed at $256,800. Specifically, the land the property is located on was valued at $73,000. While improvements on the property were assessed at a total of $183,800. 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 $9,451. 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: 1941
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: D
  • Building Style: Bungalow
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Partial basement
  • Basement Area: 812
  • Parking Type: Built-in
  • Garage Type: Attached
  • Garage Square Area: 288
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,580
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 650
  • Total Building Area: 2,232
  • Gross Building Area: 2,232
  • Building Area: 1,335
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,335
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MORNINGSIDE HEIGHTS
  • Land Acres: 0.197
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MORNINGSIDE HEIGHTS, LOT 7, BLOCK 15

Ownership

  • Current Owner : BEEBE MARA
  • Previous Owner : CLEMENTS ANNA
  • Previous Owner 2: CLEMENTS JUSTIN
  • Owner Before Previous Owner: UNIVERSITY OF WISCONSIN CREDIT UNION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Metropolitan School District
  • School Tax School District: 1
  • Census Tract: 002800

Zoning

  • Zoning: SR-C2

Geography

  • Parcel: 0710-094-1007-9
  • Block: 15
  • Lot: 7
  • Meridian: SEC 09 QTR 4 TWN 07N RNG 10E
  • Municipality: CITY OF MADISON
  • Latitude: 43.0782
  • Longitude: -89.3147

    Address

  • Full Address: 407 Bowman Ave
  • Address - House Number: 407
  • Address - Street Name: Bowman
  • Address - Suffix Type: Ave
  • State: WI
  • City Name: Madison
  • Carrier Code: C001
  • 4-Digit Zip Code: 1701
  • Zip Code: 53716

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,451
  • Tax Rate Code Area: 60

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 347,361
  • High Value: 409,957
  • Low Value: 284,766

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: MONONA STATE BANK
  • First Open Lien Mortgage Recording Date: Apr 14, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $180,000
  • 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: $256,800
  • Assessed Land Value: $73,000
  • Assessed Improvements Value: $183,800

    Sales

  • Current Sale Contract Date: Apr 13, 2020
  • Current Sale Recording Date: Apr 14, 2020
  • Current Sale Transaction ID: 11754424573
  • Current Sale Price: $240,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5577687
  • Previous Sale Recording Date: May 31, 2013
  • Previous Sale Contract Date: May 21, 2013
  • Previous Sale Amount: $136,800
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MONONA STATE BANK
  • First Mortgage Transaction Date: Apr 14, 2020
  • First Mortgage Loan Amount: $180,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BMO HARRIS BANK NA
  • Previous Mortgage Transaction Date: May 31, 2013
  • Previous Mortgage Loan Amount: $129,960
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2043

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Frequently Asked Questions

What neighborhood is 407 Bowman Avenue located in?
The 407 Bowman Avenue is a located in the neighborhood of Morningside Heights in Morningside Heights, Madison.
What is the average sales price for listings in 407 Bowman Avenue?
The average sales price for units in 407 Bowman Avenue is $0 currently.

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