NOT LISTED FOR SALE

501 Gannon Ave Madison, WI 53714

Worthington Park Neighborhood

Estimated Value: $320,000 - $353,458

4 Beds
1 Bath
1,784 Sq Ft
$188/Sq Ft Est. Value

Last Sold November 23, 2020

Last sale price $218,000 $122 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,072/month

Highlights

  • Deck
  • Wooded Lot
  • Corner Lot
  • Contemporary Architecture
  • Wood Flooring
  • 2-minute walk to Thurber Park

About This Home

As of November 2020

Showings begin 10/17. Unique contemporary home on Madison’s east side close to shopping, dining and gorgeous parks. The fantastic layout provides a great flow for entertaining and socializing. You’ll love the expansive great room with vaulted ceilings and a walkout to a balcony. Relax at the end of the day in your private, oversized primary bedroom, knowing the other 3 bedrooms are just down the hall. The home office on the main level grants you a secluded space to get work done from home. The spacious yard features multiple garden beds and a large shed, the perfect space for a home workshop. Designer lighting, tons of character, low Blooming Grove taxes. Unparalleled location, opportunity, and value! Home is being sold as-is. Call (608) 620-4177 for showings. More photos, video & info at danchinhomes.com

Last Agent to Sell the Property

Dan Chin

Real Broker LLC License #77252-94 Listed on: 05/01/2020

Real Broker LLC

Last Buyer's Agent

Dan Chin

Real Broker LLC License #77252-94 Listed on: 05/01/2020

Real Broker LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,931

Year Built

  • Built in 1953

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot
  • Wooded Lot
  • Property is zoned R-3

Parking

  • Paved Parking

Home Design

  • Contemporary Architecture
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • Multi-Level Property
  • Wood Burning Fireplace
  • Den
  • Wood Flooring
  • Partially Finished Basement
  • Partial Basement

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outdoor Storage

Schools

  • Lowell Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Forced Air Cooling System
  • Water Softener

Community Details

  • Gallagher Plat Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,931

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Municipality: Blooming Grove
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: Multi-level
  • Architecture: Contemporary
  • Items Included: Range/Oven, Dishwasher, Refrigerator, Washer, Dryer, Water Softener, Shed
  • Year Built: 1953
  • Above Grade Sold Price Per Sq Ft: 196.04
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Above Grade Finished Sq Ft: 1112
  • Finished Non Exp Sq Ft: 672
  • Finished Sq Ft: 1784
  • Bedrooms: 4
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 18x12, On Level: L
  • Bedroom 2: Dimensions: 11x10, On Level: L
  • Bedroom 3: Dimensions: 12x10, On Level: L
  • Bedroom 4: Dimensions: 18x9, On Level: L
  • Kitchen: Dimensions: 11x14, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Dishwasher
  • Living Room: Dimensions: 22x23, On Level: M
  • Dining Room: Dimensions: 15x10, On Level: M
  • Other Rooms: Den/Office
  • Other Room 1: Den/Office, Dimensions: 8x7, On Level: L
  • Laundry: On Level: L
  • Basement: Partial, Partially finished
  • Fireplace: Wood
  • Interior Amenities: Wood or sim. wood floor, Washer, Dryer, Water softener inc, At Least 1 tub
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Wood, Stucco
  • Exterior Features: Deck, Storage building

Garage/Parking

  • Driveway: Paved

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Forced air
  • Water Waste: Municipal water, Municipal sewer

Schools

  • Elementary School: Lowell
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.12
  • Lot Description: Corner, Wooded
  • Zoning: R-3
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 3931
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Nov 24, 2020
Sold by
Brownrigg Lance
Bought by
Lila Jessica M and Lyman Benjamin S
Seller's Agent
Dan Chin
Real Broker LLC
Buyer's Agent
Dan Chin
Real Broker LLC
List Price
$220,000
Sold Price
$218,000
Premium/Discount to List
-$2,000
-0.91%
Current Estimated Value
$335,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,365
Avg. Annual Appreciation
9.07%
Original Mortgage
$209,520
Outstanding Balance
$186,868
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$148,497

Purchase Details

Closed on
Feb 1, 2004
Sold by
Centex Home Equity Company Llc
Bought by
Brownrigg Lance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,792
Interest Rate
5.71%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lila Jessica M $218,000 Knight Barry Title
Brownrigg Lance $105,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lila Jessica M $209,520
Previous Owner Brownrigg Lance $23,792
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2020 11/23/20 Sold $218,000 -0.9% $122 / Sq Ft
10/15/2020 10/15/20 For Sale $220,000 0.0% $123 / Sq Ft
10/15/2020 10/15/20 Price Changed $220,000 +0.9% $123 / Sq Ft
05/01/2020 05/01/20 Off Market $218,000 -- --
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,700 $332,000 $61,000 $271,000
2023 $4,052 $229,200 $34,000 $195,200
2021 $3,671 $229,200 $34,000 $195,200
2020 $4,268 $229,200 $34,000 $195,200
2019 $3,931 $229,200 $34,000 $195,200
2018 $3,384 $205,600 $34,000 $171,600
2017 $3,197 $188,600 $34,000 $154,600
2016 $3,414 $188,600 $34,000 $154,600
2015 $3,571 $188,600 $34,000 $154,600
2014 $3,943 $188,600 $34,000 $154,600
2013 $3,828 $188,600 $34,000 $154,600
Source: Public Records

Agents Affiliated with this Home

  • Dan Chin

    Seller's Agent in 2020

    Dan Chin

    Real Broker LLC

    (608) 438-2600

    2 in this area

    40 Total Sales

    Dan Chin
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1882377

South Central Wisconsin Multiple Listing Service

APN: 0710-051-3430-8

Wisconsin Dane County Madison 53714 Worthington Park

501 Gannon Ave, Madison, WI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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