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Single Family ResidenceResidential
$373,700$247 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

5518 PARK WAY

MADISON, WI 53705
3
Beds
2 / 1
Baths
1,516 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.15 ac
Lot SizeThe size of the land the home sits on, from county records.
1959
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
8
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$374K
$346K low$402K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,732 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$343,700 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$126,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$216,800
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$343,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$343,700

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.47 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
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.1973
Lot (acres)The size of the land the home sits on, from county records.0.15
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
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.Asphalt
HeatingThe type of heating system in the home.None
CoolingThe type of cooling or air conditioning in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
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 · 308 ft²

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

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

E
Crestwood Elementary SchoolB+
Elementary · Grades PK–5 · 0.3 mi
M
Ezekiel Gillespie Middle SchoolD
Middle · Grades 6–8 · 1.3 mi
H
Vel Phillips Memorial High SchoolD
High · Grades 9–12 · 1.4 mi

District: Madison Metropolitan School District

Neighborhood · ZIP 53705These 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.114
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.77
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.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.32%
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.27,087
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,234 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$85,897
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$115,042
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%

Owner Tools

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

How this home compares

5518 Park Way measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 72% of homes in Madison 53705
  • Costs less per square foot than 76% of homes in Glen Oak Hills
  • Smaller than 69% of homes in Madison 53705
  • Has a smaller lot than 89% of homes in Glen Oak Hills
  • Newer than 72% of homes in Glen Oak Hills

What homes are worth in Madison 53705

Each bar is how many homes fall in that price range. The marker is this home.

This home
$24K$1.8M

This home is worth more than 28% of homes in Madison 53705.

How it measures up in Madison 53705

The dot is this home. The mark in the middle is the typical home in Madison 53705.

Estimated value$373,700
CheaperTypical $526,303Pricier

Pricier than 28% of homes nearby

Price per ft²$247
CheaperTypical $295Pricier

Pricier than 30% of homes nearby

Living area1,516 ft²
SmallerTypical 1,866 ft²Bigger

Bigger than 31% of homes nearby

Lot size0.15 ac
SmallerTypical 0.24 acBigger

Bigger than 12% of homes nearby

Year built1959
OlderTypical 1958Newer

Newer than 56% of homes nearby

How 5518 Park Way ranks against every home in each area.
MeasureThis homeGlen Oak HillsMadison 53705Dane County
Estimated valuepricier than$373,70034% of homes28% of homes33% of homes
Price per ft²pricier than$24724% of homes30% of homes50% of homes
Living areabigger than1,516 ft²56% of homes31% of homes39% of homes
Lot sizebigger than0.15 ac11% of homes12% of homes17% of homes
Year builtnewer than195972% of homes56% of homes32% of homes

About 5518 Park Way

How much is 5518 Park Way, Madison, WI worth?

The TopHap Estimate for 5518 Park Way, Madison, WI is $373,700 as of Sep 24, 2026. The likely range is $345,570 to $401,830. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 5518 Park Way, Madison, WI?

5518 Park Way, Madison, WI has 3 bedrooms, 2 bathrooms, 1,516 square feet of living space and a 0.15-acre lot.

When was 5518 Park Way, Madison, WI built?

5518 Park Way, Madison, WI was built in 1959, making it 67 years old. It is a ranch home. The building has 1 story.

What schools serve 5518 Park Way, Madison, WI?

5518 Park Way, Madison, WI is assigned to Crestwood Elementary School (elementary), rated B+; Ezekiel Gillespie Middle School (middle), rated D; Vel Phillips Memorial High School (high), rated D. All sit in Madison Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5518 Park Way, Madison, WI compare to other homes in Madison 53705?

Among the 7,461 homes in Madison 53705, it is worth more than 28% of them ($373,700 against a typical $526,303), its price per square foot is higher than 30% of them ($247 against a typical $295), it is bigger than 31% of them (1,516 ft² against a typical 1,866 ft²), its lot is bigger than 12% of them (0.15 ac against a typical 0.24 ac) and it is newer than 56% of them (1959 against a typical 1958). Measured against all of Dane County, it is worth more than 33% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 5518 Park Way, Madison, WI?

The 2024 property tax bill for 5518 Park Way, Madison, WI was $5,732. The county assessed it at $343,700.

More homes on Park Way

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