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505 Summit Road

505 Summit Road, Madison, WI 53704
Property in Farwell Estates
Sold May 31, 2013
$810,000
$648,000 by Jpmorgan Chase Bank Na
Mortgage Due Jun 01, 2043
This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 505 Summit Road has 3,917 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 23,784 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a spa or hot tub but no pool on the property. For those who need parking, there is a garage. There are a total of 3 available parking spaces. The exterior walls of the home are made of masonry. As for heating, the home is utilizing a forced air unit. 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, 505 Summit Road sold most recently in May 23, 2013 for a total of $810,000. If you work out the math, that's approximately a cost of $206.79 per sqft. 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 $21,907 in taxes each year. 505 Summit Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,106,500. If we break it down further, the land itself was valued at $354,000. Improvements to the property, however, were assessed at a total of $752,500. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Total Rooms: 5
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Style: Colonial
  • Exterior Walls Type: Masonry
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 23,784
  • Total Building Area: 3,917
  • Building Area: 3,917
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 3,917
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CERTIFIED SURV MAP #3293
  • Land Acres: 0.546
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LOT 3 CSM 3293 CS13/30&31-9/12/79 F/K/A MAPLE BLUFF ADDN PRT OUTLOT A DESCR AS S EC 1-7-9 PRT GOV LOTS 1 & 2 COM SEC E1/4 COR TH N89DEGW 3332.94 FT TH N 1403.89 FT TH N89DEGW 115 FT TO POB TH CONT N89DEGW 135 FT TH N 163.43 FT TH N81DEGE 136 .44 FT T

Ownership

  • Current Owner : WOOD PETER C
  • Current Owner 2: WOOD ALEXANDRA J
  • Previous Owner : WARREN ROGER F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Metropolitan School District
  • School Tax School District: MADISON METRO
  • Census Tract: 010200

Geography

  • Assessors Map Reference: MB 123600
  • Parcel: 0709-012-1213-5
  • Block: 12
  • Lot: 3
  • Meridian: SEC 01 TWN 07N RNG 09E
  • Municipality: VILLAGE OF MAPLE BLUFF
  • Latitude: 43.1157
  • Longitude: -89.3769

    Address

  • Full Address: 505 Summit Rd
  • Address - House Number: 505
  • Address - Street Name: Summit
  • Address - Suffix Type: Rd
  • State: WI
  • City Name: Madison
  • Carrier Code: C012
  • 4-Digit Zip Code: 6074
  • Zip Code: 53704

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,907
  • Tax Rate Code Area: 151

    Appraisal Valuation

  • Standard Deviation: 0.1363
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 84
  • Final Value: 1,452,975
  • High Value: 1,651,157
  • Low Value: 1,254,793

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $648,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: May 31, 2013
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $648,000
  • 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: Jun 01, 2043

    Market Valuation

  • Market Total Value: $1,087,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,106,500
  • Assessed Land Value: $354,000
  • Assessed Improvements Value: $752,500

    Sales

  • Current Sale Contract Date: May 23, 2013
  • Current Sale Recording Date: May 31, 2013
  • Current Sale Transaction ID: 1164264516
  • Current Sale Price: $810,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 4992189

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: May 31, 2013
  • First Mortgage Loan Amount: $648,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2043

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Farwell Estates



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Frequently Asked Questions

What neighborhood is 505 Summit Road located in?
The 505 Summit Road is a located in the neighborhood of Farwell Estates in Farwell Estates, Madison.
What is the average sales price for listings in 505 Summit Road?
The average sales price for units in 505 Summit Road is $0 currently.

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