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406 Palomino Ln

Madison, WI 53705

2 bd 1 ba 735 sqft Built 1967 condos
Most recent sale
$203,000
Aug 31, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 31, 2022 Sold $203,000 MLS #1939846
Jul 21, 2022 Listed $199,900 MLS #1939846
Oct 14, 2004 Sold $131,500 Public Record
Jun 4, 2004 Sold $102,000 Public Record
Jul 19, 2001 Sold $78,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $216,000 $20,700 $236,700 $4,324
2023 $182,300 $20,700 $203,000 $3,622
2022 $126,100 $18,000 $144,100 $2,770
2021 $114,600 $16,400 $131,000 $2,730
2020 $105,800 $15,200 $121,000 $2,640
2019 $105,800 $15,200 $121,000 $2,651
2018 $127,300 $14,500 $141,800 $3,116
2017 $115,700 $13,200 $128,900 $2,933
2016 $115,700 $13,200 $128,900 $3,015
2015 $116,100 $12,800 $128,900 $3,048
2014 $116,100 $12,800 $128,900 $3,123
2013 $116,100 $12,800 $128,900 $3,136
2012 $116,100 $12,800 $128,900 $3,043
2011 $116,100 $12,800 $128,900 $2,893
2010 $118,700 $12,800 $131,500 $2,849
2009 $118,700 $12,800 $131,500 $2,633
2008 $118,700 $12,800 $131,500 $2,522
2007 $118,700 $12,800 $131,500 $2,583

Property facts

Year built
1967
Property type
condos
Stories
Beds
2
Baths
1
Living area
735 sqft
Lot size
ZIP code
53705
City
Madison
Street
Palomino Ln
Coordinates
43.07083, -89.44471

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,103
Gross rental yield
6.52%
Implied cap rate
4.24%
Trend-extrapolated value

Frequently asked questions

When did 406 Palomino Ln last sell?
406 Palomino Ln most recently sold on Aug 31, 2022 for $203,000.
What is the current tax assessment for 406 Palomino Ln?
The most recent total assessment for 406 Palomino Ln (year 2025) is $236,700 with $4,324 in property tax.
How does 406 Palomino Ln's assessment compare to its last sale price?
The current assessment is 16.6% above the last sale price of $203,000.
When was 406 Palomino Ln built?
406 Palomino Ln was built in 1967.
How does 406 Palomino Ln compare to others on Palomino Ln?
We track 8 other properties on Palomino Ln. Browse the list under "Other properties on Palomino Ln" to compare beds, baths, and sale history.
What are the property facts for 406 Palomino Ln?
406 Palomino Ln is a 2 bed, 1 bath, 735 sqft condos.
Is 406 Palomino Ln a flip candidate?
No — 406 Palomino Ln does not appear in our flips dataset.
Is 406 Palomino Ln a tax-appeal candidate?
Yes — 406 Palomino Ln appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-8.7%
Implied 1-yr
-34.8%
2026 Q3
$405.9K
2026 Q4
$324.7K
ZIP 53705 — Median Price History + Forecast

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