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CondominiumResidential

2420 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 19742 floors10 units675–1,064 ft²
$1.2M
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.
$114K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$132
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-52.8%vs the Madison ZIP median sale $/ft² ($280)

Sales Performance

$164K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
2
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
20.0%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+5.8%per yeartypical hold 3.9 yrsfrom 12 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20062008201020152017201920212026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20062008201020152017201920212026

21 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.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$81K$118K$156K$193K675 ft²753 ft²831 ft²908 ft²986 ft²1,064 ft²
1 bd2 bd
1 bed
5 units
2 bed
5 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
5 units
2 bd · 1 ba · 980 ft²
3 units
2 bd · 2 ba · 1,064 ft²
2 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.

$81K–$85K
2 units
$101K–$103K
2 units
$114K–$114K
2 units
$127K–$133K
3 units
$193K–$193K
1 unit

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 1
$131/ft²
Floor 2
$161/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.60%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.40%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.9.5 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.25%
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.32%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$164,888
Median tax billThe middle annual property tax bill among the building's units.$2,103
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 209Aug 10, 2026$132,900Unit 212Mar 4, 2026$195,000Unit 210Jun 13, 2023$150,000Unit 212Dec 21, 2021$129,500Unit 209Sep 22, 2020$94,000Unit 112Sep 4, 2019$104,000Unit 210Oct 29, 2018$117,000Unit 209Sep 5, 2018$74,900Unit 212Jul 3, 2018$112,999Unit 112Apr 18, 2018$93,000

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.1990
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 SchoolB+
Elementary · Grades PK–5 · 0.3 mi
M
Sherman Middle SchoolD-
Middle · Grades 6–8 · 2.8 mi
H
East High SchoolA-
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.

2420 Independence Ln Unit 5
1 bd · 1 ba · 675 ft²
$85K
2420 Independence Ln Unit 6
2 bd · 1 ba · 980 ft²
$127K
2420 Independence Ln Unit 109
1 bd · 1 ba · 675 ft²
$114K
2420 Independence Ln Unit 110
2 bd · 1 ba · 980 ft²
$132K
2420 Independence Ln Unit 111
1 bd · 1 ba · 675 ft²
$81K
2420 Independence Ln Unit 112
2 bd · 1 ba · 980 ft²
$101K
2420 Independence Ln # 209
1 bd · 1 ba · 675 ft²
$133K
2420 Independence Ln Unit 210
2 bd · 2 ba · 1,064 ft²
$103K
2420 Independence Ln Unit 211
1 bd · 1 ba · 675 ft²
$114K
2420 Independence Ln # 212
2 bd · 2 ba · 1,064 ft²
$193K

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

About 2420 Independence Ln

How many units are in 2420 Independence Ln, Madison, WI?

2420 Independence Ln, Madison, WI has 10 residential units across 2 floors, built in 1974, according to county assessor records.

What is a unit at 2420 Independence Ln, Madison, WI worth?

The median TopHap Estimate across the 10 units at 2420 Independence Ln, Madison, WI is $113,961. That works out to $132 per square foot. Units run from 675 to 1,064 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 2420 Independence Ln, Madison, WI expensive for Madison?

Units at 2420 Independence Ln, Madison, WI carry a median of $132 per square foot, 53% below the Madison median of $280 per square foot.

How often do units sell at 2420 Independence Ln, Madison, WI?

2 units at 2420 Independence Ln, Madison, WI sold in the last 12 months, out of 21 recorded arms-length sales all time. That is a turnover rate of 20.0% of the building per year. The median sale over that period was $164K.

Have units at 2420 Independence Ln, Madison, WI appreciated?

Across 12 repeat sales of the same unit, 2420 Independence Ln, Madison, WI returned a median 5.8% 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 3.9 years.

What floor plans does 2420 Independence Ln, Madison, WI have?

The most common plan at 2420 Independence Ln, Madison, WI is a 1-bedroom of 675 square feet, repeated 5 times, with a median estimate of $113,648. TopHap identifies 3 recurring plans in the building.

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