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580 Park Lane

580 Park Lane, Madison, WI 53711
House in Westmorland
Sold Jul 03, 2020
$350,000
$280,000 by Wintrust Mortgage Corp
Mortgage
Sold Apr 06, 2009
$204,900
$184,400 by University Of Wisconsin Cu
Mortgage Due Apr 01, 2039
580 Park Lane in Madison, WI was first built in 1950 and is 74 years old. Although, the building on the property was most recently renovated and altered in 1972. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a contemporary style. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 580 Park Lane has 1,566 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 959 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 630 ft and the linear feet between the front and back of the lot is 1,300. In total, the area measurement of the land is 8,190 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a flat style roof made of composition shingle. 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 273 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 D. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. While the interior walls are made of plaster. 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. 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, 580 Park Lane sold most recently in Jun 30, 2020 for a total of $350,000. If you work out the math, that's approximately a cost of $125.09 per sqft. Before that, the property was also sold for $204,900 in Apr 1, 2009. 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 $15,638 in taxes each year. 580 Park Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $412,900. If we break it down further, the land itself was valued at $135,200. Improvements to the property, however, were assessed at a total of $277,700. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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

Wood Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1972
  • 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: Contemporary
  • Exterior Walls Type: Wood
  • Interior Walls Type: Plaster
  • Roof Shape Type: Flat
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 959
  • Parking Type: Built-in
  • Garage Type: Attached
  • Garage Square Area: 273
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,190
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 630
  • Total Building Area: 2,798
  • Gross Building Area: 3,056
  • Building Area: 1,566
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,566
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WESTMORLAND ASSOCIATES REPLAT
  • Land Acres: 0.188
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WESTMORLAND ASSOCIATES REPLAT, LOT 7

Ownership

  • Current Owner : SIBLEY JONATHAN
  • Current Owner 2: SIBLEY CATHERINE
  • Previous Owner : WITHERS SYDNOR T
  • Previous Owner 2: WITHERS JO C
  • Owner Before Previous Owner: GARRETT MICHAEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison Metropolitan School District
  • School Tax School District: 29
  • Census Tract: 000401

Zoning

  • Zoning: TR-C1

Geography

  • Parcel: 0709-282-1505-7
  • Lot: 7
  • Meridian: SEC 28 QTR 2 TWN 07N RNG 09E
  • Municipality: CITY OF MADISON
  • Latitude: 43.0544
  • Longitude: -89.4434

    Address

  • Full Address: 580 Park Ln
  • Address - House Number: 580
  • Address - Street Name: Park
  • Address - Suffix Type: Ln
  • State: WI
  • City Name: Madison
  • Carrier Code: C009
  • 4-Digit Zip Code: 1654
  • Zip Code: 53711

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,638
  • Tax Rate Code Area: 60

    Appraisal Valuation

  • Standard Deviation: 0.1661
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 520,457
  • High Value: 606,926
  • Low Value: 433,988

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jul 03, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $280,000
  • 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: $412,900
  • Assessed Land Value: $135,200
  • Assessed Improvements Value: $277,700

    Sales

  • Current Sale Contract Date: Jun 30, 2020
  • Current Sale Recording Date: Jul 03, 2020
  • Current Sale Transaction ID: 11771753342
  • Current Sale Price: $350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5608875
  • Previous Sale Recording Date: Apr 06, 2009
  • Previous Sale Contract Date: Apr 01, 2009
  • Previous Sale Amount: $204,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINTRUST MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 03, 2020
  • First Mortgage Loan Amount: $280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: UNIVERSITY OF WISCONSIN CU
  • Previous Mortgage Transaction Date: Apr 06, 2009
  • Previous Mortgage Loan Amount: $184,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Apr 01, 2039

About Westmorland



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Frequently Asked Questions

What neighborhood is 580 Park Lane located in?
The 580 Park Lane is a house located in the neighborhood of Westmorland in Westmorland, Madison.
What is the average sales price for listings in 580 Park Lane?
The average sales price for units in 580 Park Lane is $0 currently.

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