NOT LISTED FOR SALE

501 Welch Ave Madison, WI 53704

Atwood Neighborhood

Estimated Value: $419,734 - $470,000

2 Beds
1 Bath
904 Sq Ft
$504/Sq Ft Est. Value

Last Sold June 05, 2017

Last sale price $275,000 $304 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,510/month

Highlights

  • Wood Flooring
  • Den
  • Patio
  • Corner Lot
  • Forced Air Cooling System
  • 3-minute walk to Elmside Circle Park

About This Home

As of June 2017

Charming, sunny 2 bedroom+ bungalow on Madison's vibrant East side. Meticulously maintained with hardwood floors throughout and walk-up attic with possibility for future expansion. Perennial garden beds with blooms spring thru fall. Corner lot in Olbrich's historic Gardenridge District, 1-2 blocks from Lake Monona, Olbrich Park, bike paths, and all that Atwood Avenue has to offer – restaurants, cafes, shops, galleries . . . Move in ready for you! Tenant Occupied - Lease ends 6/5/2017.

Last Agent to Sell the Property

Seth Pfaehler

The McGrady Group, LLC License #58575-90 Listed on: 04/02/2017

Co-Listed By

Matt McGrady

The McGrady Group, LLC License #53795-90

Last Buyer's Agent

Tobi Silgman

Lauer Realty Group, Inc. License #61610-94

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,331

Year Built

  • Built in 1919

Lot Details

  • 3,485 Sq Ft Lot
  • Corner Lot
  • Property is zoned TR-C3

Parking

  • Unpaved Parking

Home Design

  • Bungalow
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 904 Sq Ft Home
  • 1-Story Property
  • Den
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Walkup Attic

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Walk-in Shower

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Full Bathroom
  • Grab Bar In Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting

Schools

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

Utilities

  • Forced Air Cooling System
  • Water Softener
  • Cable TV Available

Additional Features

  • Patio
  • Property is near a bus stop

Community Details

  • Gardenridge Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,331

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: 1 story
  • Architecture: Bungalow
  • Barrier Free: First floor bedroom, First floor full bath, Stall shower, Grab bars in bath, Low pile or no carpeting
  • Year Built: 1919
  • Above Grade Sold Price Per Sq Ft: 304.2
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Above Grade Finished Sq Ft: 904
  • Finished Sq Ft: 904
  • Bedrooms: 2
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 10x10, On Level: M
  • Bedroom 2: Dimensions: 10x10, On Level: M
  • Kitchen: Dimensions: 9x10, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator, Dishwasher, Microwave
  • Living Room: Dimensions: 13x16, On Level: M
  • Dining Area: Dimensions: 9x5, On Level: M
  • Other Rooms: Den/Office
  • Other Room 1: Den/Office, Dimensions: 8x9, On Level: M
  • Laundry: On Level: L
  • Basement: Full, Poured concrete foundatn
  • Interior Amenities: Wood or sim. wood floor, Walk-up Attic, Washer, Dryer, Water softener inc, Cable available
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Patio

Garage/Parking

  • Driveway: Unpaved

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 0.08
  • Lot Description: Corner, Close to busline, Sidewalk
  • Zoning: TR-C3
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 5331
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2017
Closed on
Jun 5, 2017
Sold by
Young Mary and Berenyi Agnes
Bought by
Johnson Zachary and Carter Lauren
Seller's Agent
Seth Pfaehler
The McGrady Group, LLC
Buyer's Agent
Tobi Silgman
Lauer Realty Group, Inc.
List Price
$264,900
Sold Price
$275,000
Premium/Discount to List
$10,100
3.81%
Current Estimated Value
$455,934

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,934
Avg. Annual Appreciation
6.20%
Original Mortgage
$200,000
Outstanding Balance
$166,358
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$289,576

Purchase Details

Closed on
Apr 1, 2016
Sold by
Cahir Kathryn L and Young Mary
Bought by
Young Mary and Berenyi Agnes

Purchase Details

Listed on
Mar 2, 2015
Closed on
Apr 30, 2015
Sold by
Lacy Ann W and Estate Of Margaret S Lacy
Bought by
Young Mary and Cahir Kathryn L
Seller's Agent
Patty Adolphs
Stark Company, REALTORS
Buyer's Agent
Liz Lauer
Lauer Realty Group, Inc.
List Price
$238,000
Sold Price
$240,000
Premium/Discount to List
$2,000
0.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Source: Public Records

Range of Values:

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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
Johnson Zachary $275,000 None Available
Young Mary $72,000 Attorney
Young Mary $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Zachary $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/05/2017 06/05/17 Sold $275,000 +3.8% $304 / Sq Ft
04/03/2017 04/03/17 Pending -- -- --
04/02/2017 04/02/17 For Sale $264,900 +10.4% $293 / Sq Ft
04/30/2015 04/30/15 Sold $240,000 +0.8% $265 / Sq Ft View Prior Sale
03/10/2015 03/10/15 Pending -- -- --
03/02/2015 03/02/15 For Sale $238,000 -- $263 / Sq Ft
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 $13,330 $396,400 $149,700 $246,700
2023 $6,484 $377,500 $149,700 $227,800
2021 $6,007 $297,500 $130,200 $167,300
2020 $6,216 $288,800 $124,000 $164,800
2019 $5,906 $275,000 $112,700 $162,300
2018 $5,927 $275,000 $98,000 $177,000
2017 $5,195 $232,000 $93,300 $138,700
2016 $5,331 $232,000 $84,800 $147,200
2015 $3,098 $259,200 $72,700 $186,500
2014 $6,070 $259,200 $72,700 $186,500
2013 $5,106 $240,800 $68,600 $172,200
Source: Public Records

Agents Affiliated with this Home

  • Seth Pfaehler

    Seller's Agent in 2017

    Seth Pfaehler

    The McGrady Group, LLC

    (608) 338-4812

    11 in this area

    452 Total Sales

    Seth Pfaehler
    Section Image
  • Matt McGrady

    Seller Co-Listing Agent in 2017

    Matt McGrady

    The McGrady Group, LLC

    (608) 772-3640

    10 in this area

    352 Total Sales

    Matt McGrady
    Section Image
  • Tobi Silgman

    Buyer's Agent in 2017

    Tobi Silgman

    Lauer Realty Group, Inc.

    (608) 279-3591

    26 in this area

    251 Total Sales

    Tobi Silgman
    Section Image

  • P

    Seller's Agent in 2015

    Patty Adolphs

    Stark Company, REALTORS

    Section Image
  • Liz Lauer

    Buyer's Agent in 2015

    Liz Lauer

    Lauer Realty Group, Inc.

    (608) 444-5725

    77 in this area

    477 Total Sales

    Liz Lauer
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1798855

South Central Wisconsin Multiple Listing Service

APN: 0710-053-1804-5

Wisconsin Dane County Madison 53704 Atwood

501 Welch Ave, Madison, WI

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