NOT LISTED FOR SALE

502 Welch Ave Madison, WI 53704

Atwood Neighborhood

Estimated Value: $434,000 - $459,994

2 Beds
1 Bath
989 Sq Ft
$446/Sq Ft Est. Value

Last Sold October 18, 2024

Last sale price $415,000 $420 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,764/month

20 Days on Market

Highlights

  • Wood Flooring
  • Den
  • Forced Air Cooling System
  • Corner Lot
  • 1 Car Detached Garage
  • 3-minute walk to Elmside Circle Park

About This Home

As of October 2024

Charming bungalow situated a 1/2 block to Olbrich Park which offers the famous sledding hill, a waterfront pier, a natural play area & biergarten all in one of the most sought after neighborhoods in Madison! Gorgeous character; foyer entry, oak hardwood floors, wide mop board trim, original woodwork trim, arched doorway, & a hall separating the bedrooms, bath and linen closet from the main living. Vintage kitchen offers nostalgia or space for improvement, depending on your lens, & leads out to a three season porch w/newer vinyl windows & flooring to enjoy morning coffee or long summer evenings. Walk up attic offers potential for expansion & LL offers a den/office, shop area and laundry! New 1 car garage & driveway '18, furnace '20 & inquire about credit/upgrade for electrical wiring/panel. For more info call Liz Lauer at 608-444-5725.

Last Agent to Sell the Property

Liz Lauer

Lauer Realty Group, Inc. License #56139-90 Listed on: 08/08/2024

Last Buyer's Agent

Liz Lauer

Lauer Realty Group, Inc. License #56139-90 Listed on: 08/08/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,579

Year Built

  • Built in 1928

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot
  • Property is zoned TR-C3

Home Design

  • Bungalow
  • Poured Concrete

Interior Spaces

  • 1.5-Story Property
  • Den
  • Wood Flooring
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Walkup Attic
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Garage Door Opener

Location

  • Property is near a bus stop

Schools

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

Utilities

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

Community Details

  • Elmside Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,579

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: 1 1/2 story
  • Architecture: Bungalow
  • Items Excluded: Seller's personal property.
  • Items Included: Range/Oven, Refrigerator, Washer/Dryer, Water Softener and All Window Coverings
  • Year Built: 1928
  • Above Grade Sold Price Per Sq Ft: 457.05
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Above Grade Finished Sq Ft: 908
  • Finished Non Exp Sq Ft: 81
  • Finished Sq Ft: 989
  • Bedrooms: 2
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 1
  • Master Bedroom: Dimensions: 10x10, On Level: M
  • Bedroom 2: Dimensions: 11x11, On Level: M
  • Kitchen: Dimensions: 15x11, On Level: M
  • Kitchen Features: Range/Oven, Refrigerator
  • Living Room: Dimensions: 13x13, On Level: M
  • Dining Room: Dimensions: 13x10, On Level: M
  • Other Rooms: Den/Office
  • Other Room 1: Den/Office, Dimensions: 9x9, On Level: L
  • Basement: Full, Partially finished, Poured concrete foundatn
  • Interior Amenities: Wood or sim. wood floor, Walk-up Attic, Washer, Dryer, Water softener inc, Cable available, Internet- Fiber available
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Aluminum/Steel

Garage/Parking

  • Driveway: Paved
  • Garage: 1 car, Detached, Opener
  • Total Full Garage Stalls: 1

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: 0.12
  • Lot Description: Corner, Close to busline, Sidewalk
  • Zoning: TR-C3
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 7579
  • Tax Year: 2023

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 19, 2025
Sold by
Arce Maribel and Stewart Melissa
Bought by
Stewart Arce Trust
Current Estimated Value
$441,499

Purchase Details

Listed on
Aug 8, 2024
Closed on
Oct 18, 2024
Sold by
Rae Wesley Barbara
Bought by
Arce Maribel and Stewart Melissa
Seller's Agent
Liz Lauer
Lauer Realty Group, Inc.
Buyer's Agent
Liz Lauer
Lauer Realty Group, Inc.
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Views
105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%
Original Mortgage
$385,000
Interest Rate
6.2%
Mortgage Type
New Conventional
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
Stewart Arce Trust -- None Listed On Document
Arce Maribel $415,000 Knight Barry Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arce Maribel $385,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2024 10/18/24 Sold $415,000 -2.4% $420 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
08/15/2024 08/15/24 For Sale $425,000 +2.4% $430 / Sq Ft
08/08/2024 08/08/24 Off Market $415,000 -- --
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 $15,235 $435,000 $120,100 $314,900
2023 $7,579 $414,300 $120,100 $294,200
2021 $6,955 $327,500 $104,400 $223,100
2020 $7,066 $318,000 $99,400 $218,600
2019 $6,753 $302,900 $90,400 $212,500
2018 $6,124 $275,400 $78,600 $196,800
2017 $6,346 $275,400 $74,900 $200,500
2016 $6,148 $259,800 $68,100 $191,700
2015 $5,912 $240,200 $58,400 $181,800
2014 $5,742 $240,200 $58,400 $181,800
2013 $4,895 $226,600 $55,100 $171,500
Source: Public Records

Agents Affiliated with this Home

  • Liz Lauer

    Seller's Agent in 2024

    Liz Lauer

    Lauer Realty Group, Inc.

    (608) 444-5725

    77 in this area

    477 Total Sales

    Liz Lauer
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1983343

South Central Wisconsin Multiple Listing Service

APN: 0710-053-2016-5

Wisconsin Dane County Madison 53704 Atwood

502 Welch Ave, Madison, WI

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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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