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CondominiumResidential

2438 Independence Ln

MADISON, WI 53704
10 units
$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.
$197K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
—
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

Sales Performance

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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.
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
20082009201020122013202020222025

12 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
10 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.20%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.20%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.14.1 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.50%
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.7%
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 P5Jul 18, 2025$190,000Unit P4Aug 24, 2022$135,000Unit P2Mar 3, 2020$87,000Unit P1Jan 25, 2013$40,000Unit P7May 4, 2012$68,000Unit P9Jun 9, 2010$92,500Unit P1Dec 2, 2009$83,190Unit P4Aug 25, 2009$81,000Unit P2Aug 20, 2009$75,500Unit P3Aug 12, 2009$69,000

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
HeatingThe type of heating system in the home.None
PoolWhether the property has a pool, and what kind, such as in-ground.No

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.

2438 Independence Ln # P1
$197K
2438 Independence Ln # P2
$197K
2438 Independence Ln # P3
$197K
2438 Independence Ln # P4
$197K
2438 Independence Ln # P5
$195K
2438 Independence Ln # P6
$195K
2438 Independence Ln # P7
$197K
2438 Independence Ln # P8
$195K
2438 Independence Ln # P9
$197K
2438 Independence Ln # P10
$197K

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

About 2438 Independence Ln

How many units are in 2438 Independence Ln, Madison, WI?

2438 Independence Ln, Madison, WI has 10 residential units, according to county assessor records.

What is a unit at 2438 Independence Ln, Madison, WI worth?

The median TopHap Estimate across the 10 units at 2438 Independence Ln, Madison, WI is $197,429. Estimates are modelled from recorded sales and assessments, not appraisals.

How often do units sell at 2438 Independence Ln, Madison, WI?

0 units at 2438 Independence Ln, Madison, WI sold in the last 12 months, out of 12 recorded arms-length sales all time. That is a turnover rate of 0.0% of the building per year.

Have units at 2438 Independence Ln, Madison, WI appreciated?

Across 4 repeat sales of the same unit, 2438 Independence Ln, Madison, WI returned a median -4.8% 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 7.2 years.

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