Taxes
- Assessed Value: $660,500
- Assessed Year: 2025
- Assessed County: Dane
- APN: 0709-223-2032-3
- Assessed Land Value: 150000
- Tax Amount: 11957.39
- Tax Year: 2025
- Market Value: 564360
- Market Year: 2023
508 S Prospect Ave; Madison, WI Property Details
Off market
508 S Prospect Ave Madison, WI 53711
$660,500 Estimated Value
3 Beds
1.5 Baths
1,388 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 1922
- Purchase Price: $311,500
- Est. Equity / %: $724,000 / 100%
- Gross Yield: 6.607%
- APN: 0709-223-2032-3
- Situs County: Dane
- Length Of Ownership: 20 years, 8 months
Rooms
- Bedrooms: 3
- Bathrooms: 1.5
- Full Bathrooms: 1
- Total Rooms: 9
- Partial Bathrooms: 1
Structure
- Floor Cover Type: Wood
- Stories: 2
- Exterior Wall Type: Siding (Alum/Vinyl)
- Interior Wall Type: Plaster
- Building Condition: Good
- Building Quality: C
- Roof Cover Type: Asphalt
- Sewer Type: Municipal
- Water Source: Municipal
- Deck: true
Measurements
- Total: 1,388/SqFt
- Lot: 3,999/SqFt
- Gross: 2,116/SqFt
- Garage: 240/SqFt
- Living: 1,388/SqFt
- Basement: 728/SqFt
- Building: 2,116/SqFt
- Ground: 764/SqFt
- Garage Unfinished: 240/SqFt
- Price Per Square Foot: $224.42
Legal Description
- Description: PLAT OF WEST LAWN SE 40 FT OF LOTS 1 & 2, BLOCK 16
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: 43.065155 / -89.421074
- Subdivision: West Lawn
- Property Class: Residential
- Zoning: TR-C3
- County Use Code: G1
Amenities
- Plus Four: 1942
- Cooling: Central
- Fireplaces: 1
- Garage: Detached Garage
- Parking: 1
HOA
- H O A One: $1,321
- H O A Amount: $1,321
- H O A One Name: Monroe Commons Condominium Assoc.
- H O A One Type: Home Owner Association
Ownership Info
508 S Prospect Ave has no associated ownership info
508 S Prospect Ave has no associated ownership info.
Taxes
508 S Prospect Ave has 9 associated Taxes items
508 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 $660,500. The APN we've located for 508 S Prospect Ave is 0709-223-2032-3.
Unlock the full reportTax History
508 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 $660,500 | Land Value $150,000 | Improvement Value $510,500 | Tax Amount $11,957.39 | Change Rate -0.434669% | Assessed CR | Tax Rate +0.018104% |
| Year 2024 | Assessed Value $617,300 | Land Value $150,000 | Improvement Value $467,300 | Tax Amount $21,151.14 | Change Rate +1.149159% | Assessed CR | Tax Rate +0.034264% |
| Year 2023 | Assessed Value $561,200 | Land Value $136,400 | Improvement Value $424,800 | Tax Amount $9,841.59 | Change Rate -0.490376% | Assessed CR | Tax Rate +0.017537% |
| Year 2022 | Assessed Value $505,600 | Land Value $122,900 | Improvement Value $382,700 | Tax Amount $19,311.48 | Change Rate +1.07303% | Assessed CR | Tax Rate +0.038195% |
| Year 2021 | Assessed Value $451,400 | Land Value $109,700 | Improvement Value $341,700 | Tax Amount $9,315.58 | Change Rate -0.027077% | Assessed CR | Tax Rate +0.020637% |
| Year 2020 | Assessed Value $438,300 | Land Value $109,700 | Improvement Value $328,600 | Tax Amount $9,574.84 | Change Rate +0.050161% | Assessed CR | Tax Rate +0.021845% |
| Year 2019 | Assessed Value $417,400 | Land Value $104,500 | Improvement Value $312,900 | Tax Amount $9,117.5 | Change Rate +0.039448% | Assessed CR | Tax Rate +0.021844% |
| Year 2018 | Assessed Value $401,300 | Land Value $100,500 | Improvement Value $300,800 | Tax Amount $8,771.48 | Change Rate +0.018125% | Assessed CR | Tax Rate +0.021858% |
| Year 2017 | Assessed Value $378,600 | Land Value $94,800 | Improvement Value $283,800 | Tax Amount $8,615.33 | Change Rate | Assessed CR | Tax Rate +0.022756% |
| Year 2016 | Assessed Value $357,200 | Land Value $89,400 | Improvement Value $267,800 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2015 | Assessed Value $324,000 | Land Value $81,100 | Improvement Value $242,900 | Tax Amount $7,954.92 | Change Rate +0.04118% | Assessed CR | Tax Rate +0.024552% |
| Year 2014 | Assessed Value $324,000 | Land Value $81,100 | Improvement Value $242,900 | Tax Amount $7,640.29 | Change Rate | Assessed CR | Tax Rate +0.023581% |
| Year 2013 | Assessed Value $311,500 | Land Value $78,000 | Improvement Value $233,500 | Tax Amount | Change Rate | Assessed CR | Tax Rate |
| Year 2011 | Assessed Value | Land Value | Improvement Value | Tax Amount $6,999.47 | Change Rate | Assessed CR | Tax Rate |