505 E  Lakeview Ave, Madison, WI 53716
Property image
Property image
OFF MARKET

505 E Lakeview Ave
Madison, WI 53716

Lake Edge
  • 2 Beds
  • 1 Bath
  • 1,204 sqft

$338,800

Trulia Estimate
as of Aug 20, 2026
Est. Refi. Payment $2,229/mo*

$338,800

Trulia Estimate
as of Aug 20, 2026
Est. Refi. Payment $2,229/mo*
2 Beds
1 Bath
1,204 sqft

Home Value

Trulia Estimate
$339K
Since last month
Increased$2K (+0.7%)
Since last year
Increased$14K (+4.3%)
Since last sale
Increased$87K (+34.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +114% in the last 10 years
MonthEstimated value
2026
August 2026$340K
July 2026$338K
June 2026$345K
May 2026$348K
April 2026$346K
March 2026$341K
February 2026$332K
January 2026$324K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.10
Single-Family Home
$265,000
12/18/25
2
1
988
0.06
Single-Family Home
$310,000
09/05/25
2
1
835
0.16
Single-Family Home
$353,500
10/08/25
2
1
1,040
0.13
Single-Family Home
$280,000
08/05/26
2
1
666
0.23
Single-Family Home
$288,000
05/21/26
2
1
873
0.09
Single-Family Home
$400,000
11/14/25
3
1
1,244
0.18
Single-Family Home
$385,100
06/15/26
3
1
1,248
0.18
Single-Family Home
$340,000
12/19/25
2
1
750
0.13
Single-Family Home
$385,000
06/22/26
3
1
1,008
0.22
Single-Family Home
$344,000
05/28/26
3
1
1,320

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.03
$277,800
2
1.5
704
Off Market
0.05
-
-
-
-
Off Market
0.05
$390,800
3
1
1,075
Off Market
0.06
$340,100
2
1
720
Off Market
0.07
$418,000
4
2
1,760
Recently Sold
0.08
$376,500
2
1
1,037
Off Market
0.08
$264,900
2
1
893
Off Market
0.09
$313,700
2
1
832
Off Market
0.09
$550,100
3
2.5
1,994
Off Market
0.09
$409,900
3
1
1,549
Off Market
0.09
$400,000
3
1
1,244
Recently Sold
0.11
$426,000
3
2.5
1,389
Recently Sold

Local Information

  • Map ViewExplore the area around 505 E Lakeview Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1950
Living Area
1,204 sqft
Price/Sqft
$281
Parking
Garage

About this House

WOW! Bank says "reduce the price $31,000". You CAN'T afford to pass this up! Charming 1204 sq ft, 1 1/2 story ready for you to call home! Hardwood floors, arched doorways, updated windows. Kitchen features a pantry, breakfast nook & all appliances. Rustic finished walk-up attic family rm could be converted to Master Bdrm. Full basement includes washer, dryer, water softener & stand up freezer. Finish off for more living space. Big back yard & 1 1/2 car detached garage. Pre-Approved short sale.
505 E Lakeview Ave, Madison, WI 53716 is a 2 bedroom, 1 bathroom, 1,204 sqft single-family home in Lake Edge, built in 1950. It last sold for $253,000 on Nov 1, 2021. It is currently off market. The Trulia Estimate is $338,800, with a rent estimate of $2,356/month.

Home Details for 505 E Lakeview Ave

Interior Features

Interior Details
BasementAtticTypes of Rooms: Family Room
Heating & Cooling
Heating: GasCooling System: CentralHeating Fuel: Gas
Levels, Entrance, & Accessibility
Stories: 1Floors: Carpet, Hardwood, Linoleum Vinyl
Appliances & Utilities
DisposalMicrowaveRefrigerator

Exterior Features

Exterior Home Features
Roof: OtherExterior: Vinyl
Parking & Garage
GarageParking Space: 1Parking: Garage Detached

Property Information

Year Built
Year Built: 1950Year Updated: 1972
Property Type / Style
Property Type: Single Family HomeArchitecture: Bungalow

Community

Units in Building: 1

Lot Information

Lot Area: 7666 sqft

Price and Tax history

DateEventPrice
Nov 1, 2021
Source: N/A
Sold
$253,000
Oct 2, 2021
Source: WIREX MLS #1920650
Pending
$237,000
Sep 27, 2021
Source: WIREX MLS #1920650
Listed For Sale
$237,000
Apr 3, 2012
Source: N/A
Sold
$99,000
Jan 6, 2012
Source: Agent Provided
PriceChange
$99,000
Price decreased by 24%

Market trends in Madison

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$427K
$3.33K
MoM
Sale-to-List Price
102.4%
0.3%
MoM
Price per sq ft
$266
$5
MoM
Available listings
555
149
MoM

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Lake Edge

At least 15 Trulia users voted on each feature.
  • 100 % Say it's dog friendly

  • 100 % Say parking is easy

  • 88 % Say car is needed

  • 74 % Say there's wildlife

  • 68 % Say there's holiday spirit

  • 65 % Say neighbors are friendly

  • 65 % Say it's quiet

  • 65 % Say people would walk alone at night

  • 65 % Say kids play outside

  • 63 % Say it's walkable to restaurants

  • 61 % Say yards are well-kept

  • 48 % Say there are sidewalks

  • 37 % Say there are community events

  • 30 % Say they plan to stay for at least 5 years

  • 27 % Say streets are well-lit

  • 26 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • am
    "Close to Olbrich Park and Michael's Frozen Custard! Easy access to Stoughton Road and Monona Drive. Bus route stops within 2 blocks of this location. City bike trials within 1/2 mile. East side YMCA 2 blocks away. Wonderful coffee shop (Java Cat) down the street :) "

LGBTQ Local Legal Protections

Frequently asked questions about 505 E Lakeview Ave

  • What is 505 E Lakeview Ave estimated to be worth?
    Trulia's estimated value for 505 E Lakeview Ave in Madison, WI is $338,800.
  • What is the price history for 505 E Lakeview Ave?
    505 E Lakeview Ave in Madison, WI last sold for $253,000 in November 2021.
  • Is Madison a buyer's or seller's market?
    Madison is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Madison?
    The median sale price in Madison is $427K. That is up $3.33K from the prior month.
  • Does 505 E Lakeview Ave have air conditioning?
    Yes, 505 E Lakeview Ave in Madison, WI has air conditioning.
  • How big is the lot at 505 E Lakeview Ave?
    The lot at 505 E Lakeview Ave in Madison, WI is about 0.18 acres (7,666 sq ft).

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