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CondominiumResidential

2402 Independence Ln

MADISON, WI 53704
1974
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 197421 units675–1,064 ft²
$4.2M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$223K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$191
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-24.3%vs the Madison ZIP median sale $/ft² ($252)

Sales Performance

—
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
0
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
0.0%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+5.3%per yeartypical hold 5.5 yrsfrom 16 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20042007201020122015201720222024
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20042007201020122015201720222024

34 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Studio
13 units
1 bed
4 units
2 bed
4 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
1 bd · 1 ba · 675 ft²
4 units
2 bd · 1 ba · 987 ft²
2 units
2 bd · 2 ba · 1,064 ft²
2 units
One-off layouts
13 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$136K–$139K
3 units
$148K–$148K
1 unit
$177K–$179K
3 units
$190K–$190K
1 unit
$223K–$224K
13 units

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.62%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.24%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.5.1 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.38%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.3%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$163,906
Median tax billThe middle annual property tax bill among the building's units.$68
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit P5Nov 5, 2024$198,500Unit 205Jun 17, 2024$129,000Unit P3Jun 17, 2024$129,000Unit 105Sep 5, 2023$125,000Unit P9Feb 7, 2023$150,000Unit P5Jan 23, 2023$149,900Unit 206Jun 16, 2022$111,000Unit P2Jun 16, 2022$111,000Unit 207Oct 12, 2021$138,000Unit P10Oct 12, 2021$138,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
CountyDane
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1995
ConstructionThe main material the home's frame and walls are built from.Brick
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Concrete
RoofThe main material covering the roof, such as asphalt shingle or tile.Roll Composition (rolled Mineral Roof)
HeatingThe type of heating system in the home.None
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Patio · 90 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Sandburg Elementary SchoolD-
Elementary · Grades PK–5 · 0.3 mi
M
Sherman Middle SchoolD-
Middle · Grades 6–8 · 2.8 mi
H
East High SchoolD-
High · Grades 9–12 · 3.3 mi

District: Madison Metropolitan School District

Neighborhood · ZIP 53704These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.124
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.83
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.21

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.34%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.12%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.8%
PopulationHow many people live in this area.49,468
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,132 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$76,243
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$93,732
Average tempThe average temperature here across a full year.46°F
Annual precipHow much rain and melted snow falls here in a typical year.34 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.54%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

2402 Independence Ln # P1
$223K
2402 Independence Ln # P2
$224K
2402 Independence Ln # P3
$224K
2402 Independence Ln # P4
$223K
2402 Independence Ln # P5
$224K
2402 Independence Ln # P6
$223K
2402 Independence Ln # P7
$223K
2402 Independence Ln # P8
$223K
2402 Independence Ln # P9
$223K
2402 Independence Ln # P10
$223K
2402 Independence Ln # P11
$223K
2402 Independence Ln # P12
$223K
2402 Independence Ln # P13
$223K
2402 Independence Ln Apt 105
1 bd · 1 ba · 675 ft²
$139K
2402 Independence Ln Apt 106
1 bd · 1 ba · 675 ft²
$148K
2402 Independence Ln Apt 107
2 bd · 1 ba · 987 ft²
$178K
2402 Independence Ln Apt 108
2 bd · 1 ba · 987 ft²
$177K
2402 Independence Ln # 205
1 bd · 1 ba · 675 ft²
$136K
2402 Independence Ln Apt 206
1 bd · 1 ba · 675 ft²
$138K
2402 Independence Ln # 207
2 bd · 2 ba · 1,064 ft²
$190K
2402 Independence Ln # 208
2 bd · 2 ba · 1,064 ft²
$179K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 2402 Independence Ln

How many units are in 2402 Independence Ln, Madison, WI?

2402 Independence Ln, Madison, WI has 21 residential units across built in 1974, according to county assessor records.

What is a unit at 2402 Independence Ln, Madison, WI worth?

The median TopHap Estimate across the 21 units at 2402 Independence Ln, Madison, WI is $223,033. That works out to $191 per square foot. Units run from 675 to 1,064 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 2402 Independence Ln, Madison, WI expensive for Madison?

Units at 2402 Independence Ln, Madison, WI carry a median of $191 per square foot, 24% below the Madison median of $252 per square foot.

How often do units sell at 2402 Independence Ln, Madison, WI?

0 units at 2402 Independence Ln, Madison, WI sold in the last 12 months, out of 34 recorded arms-length sales all time. That is a turnover rate of 0.0% of the building per year.

Have units at 2402 Independence Ln, Madison, WI appreciated?

Across 16 repeat sales of the same unit, 2402 Independence Ln, Madison, WI returned a median 5.3% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 5.5 years.

What floor plans does 2402 Independence Ln, Madison, WI have?

The most common plan at 2402 Independence Ln, Madison, WI is a 1-bedroom of 675 square feet, repeated 4 times, with a median estimate of $138,359. TopHap identifies 3 recurring plans in the building.

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