502 South Madison Street

This has been categorized as a residential property type. The linear feet across the front of the lot is 620 ft and the linear feet between the front and back of the lot is 640. In total, the area measurement of the land is 3,968 square feet.

Learn more about the property and building on this page. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 502 South Madison Street was last sold in Jul 31, 2023 for $53,000. Prior to that sales transaction, the property was sold for $53,500 in Dec 17, 2015. Current property owners are expected to pay $1,586 in taxes per year. The property on 502 South Madison Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $18,776. To break that down further, the land itself was valued at $1,525. While improvements to the property were assessed at a total of $17,251. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.