Taxes
- Assessed Value: $782,500
- Assessed Year: 2025
- Assessed County: Dane
- APN: 0709-223-1501-9
- Assessed Land Value: 152000
- Tax Amount: 15408.3
- Tax Year: 2025
- Market Value: 668544
- Market Year: 2023
501 S Prospect Ave; Madison, WI Property Details
Off market
501 S Prospect Ave Madison, WI 53711
$511,500 Listing Price
3 Beds
1.5 Baths
1,516 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1927
- Purchase Price: $511,500
- Open Loans / Balance: 1 / $358,931
- Est. Equity / %: $570,069 / 61.36%
- Gross Yield: 5.946%
- APN: 0709-223-1501-9
- Situs County: Dane
- Length Of Ownership: 7 years, 2 months
Rooms
- Bedrooms: 3
- Bathrooms: 1.5
- Full Bathrooms: 1
- Total Rooms: 10
- Partial Bathrooms: 1
Structure
- Floor Cover Type: Wood
- Stories: 2
- Exterior Wall Type: Siding (Alum/Vinyl)
- Interior Wall Type: Plaster
- Building Condition: Average
- Roof Cover Type: Asphalt
- Sewer Type: Municipal
- Water Source: Municipal
- Deck: true
Measurements
- Total: 1,516/SqFt
- Lot: 3,737/SqFt
- Gross: 2,082/SqFt
- Garage: 320/SqFt
- Living: 1,516/SqFt
- Basement: 696/SqFt
- Building: 2,082/SqFt
- Ground: 786/SqFt
- Basement Finished: 130/SqFt
- Garage Unfinished: 288/SqFt
- Basement Unfinished: 566/SqFt
- Price Per Square Foot: $337.40
Legal Description
- Description: PLAT OF WEST LAWN, LOT 13, BLOCK 17
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Madison Metropolitan School District
- Lat / Lon: 43.065636 / -89.420944
- Subdivision: West Lawn
- Property Class: Residential
- Zoning: TR-C3
- County Use Code: G1
Amenities
- Plus Four: 1941
- Cooling: Central
- Fireplaces: 1
- Garage: Detached Garage
- Parking: 2
HOA
- H O A One: $509
- H O A Amount: $509
- H O A One Type: Home Owner Association
Ownership Info
501 S Prospect Ave has no associated ownership info
501 S Prospect Ave has no associated ownership info.
Taxes
501 S Prospect Ave has 9 associated Taxes items
501 S Prospect Ave, Madison, WI pays taxes in Dane County, WI. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $782,500. The APN we've located for 501 S Prospect Ave is 0709-223-1501-9.
Unlock the full reportTax History
501 S Prospect Ave has 14 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $782,500 | Land Value $152,000 | Improvement Value $630,500 | Tax Amount $15,408.3 | Change Rate -0.437014% | Assessed CR | Tax Rate +0.019691% |
| Year 2024 | Assessed Value $731,300 | Land Value $152,000 | Improvement Value $579,300 | Tax Amount $27,368.88 | Change Rate +1.195227% | Assessed CR | Tax Rate +0.037425% |
| Year 2023 | Assessed Value $664,800 | Land Value $138,200 | Improvement Value $526,600 | Tax Amount $12,467.45 | Change Rate -0.458691% | Assessed CR | Tax Rate +0.018754% |
| Year 2022 | Assessed Value $597,200 | Land Value $124,500 | Improvement Value $472,700 | Tax Amount $23,032.06 | Change Rate +1.105975% | Assessed CR | Tax Rate +0.038567% |
| Year 2021 | Assessed Value $526,800 | Land Value $111,200 | Improvement Value $415,600 | Tax Amount $10,936.53 | Change Rate -0.025217% | Assessed CR | Tax Rate +0.02076% |
| Year 2020 | Assessed Value $511,500 | Land Value $111,200 | Improvement Value $400,300 | Tax Amount $11,219.45 | Change Rate +0.08198% | Assessed CR | Tax Rate +0.021934% |
| Year 2019 | Assessed Value $472,900 | Land Value $105,900 | Improvement Value $367,000 | Tax Amount $10,369.37 | Change Rate +0.039637% | Assessed CR | Tax Rate +0.021927% |
| Year 2018 | Assessed Value $454,700 | Land Value $101,800 | Improvement Value $352,900 | Tax Amount $9,974.03 | Change Rate +0.018679% | Assessed CR | Tax Rate +0.021935% |
| Year 2017 | Assessed Value $429,000 | Land Value $96,000 | Improvement Value $333,000 | Tax Amount $9,791.14 | Change Rate | Assessed CR | Tax Rate +0.022823% |
| Year 2016 | Assessed Value $404,700 | Land Value $90,600 | Improvement Value $314,100 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $367,100 | Land Value $82,200 | Improvement Value $284,900 | Tax Amount $9,039.73 | Change Rate +0.040911% | Assessed CR | Tax Rate +0.024625% |
| Year 2014 | Assessed Value $367,100 | Land Value $82,200 | Improvement Value $284,900 | Tax Amount $8,684.44 | Change Rate | Assessed CR | Tax Rate +0.023657% |
| Year 2013 | Assessed Value $353,000 | Land Value $79,000 | Improvement Value $274,000 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2011 | Assessed Value | Land Value | Improvement Value | Tax Amount $8,135.79 | Change Rate | Assessed CR | Tax Rate |