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502 Atlas Avenue

502 Atlas Avenue, Madison, WI 53714
Commercial in Madison
502 Atlas Avenue in Madison, WI was first built in 1973 and is 51 years old. This has been categorized as a commercial property type. It is a single story home. 502 Atlas Avenue has 3,249 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 38,726 square feet.

Learn more about the property and building on this page. The home has a hip style roof made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. The property was last sold in Dec 19, 2022 for $525,000. That's $161.59 per sqft. Prior to that sales transaction, the property was also sold in Mar 21, 2022 for $426,000. 502 Atlas Avenue was last assessed in 2022. The total value of the property was assessed at $569,000. Specifically, the land the property is located on was valued at $149,500. While improvements on the property were assessed at a total of $419,500. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $22,380. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior / Wood Exterior
Wood Exterior

Parking

Paved Parking
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201126
11/26/2020
Loft
-
-
$500,000
bedrooms
Loft
bathrooms
-
-
05/26/2021
-
John Schneider
EXIT Realty HGM
20191117
11/17/2019
Loft
-
-
$530,000
bedrooms
Loft
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Unspecified basement
  • Basement Area: 3,249
  • Parking Type: Built-in
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 38,726
  • Total Building Area: 3,249
  • Gross Building Area: 3,249
  • Building Area: 3,249
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: unknown
  • Heated Square Feet: 3,249
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Subdivision: MADISON INDUSTRIAL SUBD #1
  • Land Acres: 0.889
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: MADISON INDUSTRIAL SUBD #1, LOT 4, BLOCK 5

Ownership

  • Current Owner : MICHELLE K WEIDENKOPF REVOCABLE TRUST
  • Previous Owner : R & T ENTERPRISES OF FITCHBURG LLC
  • Owner Before Previous Owner: GRAMS FAMILY TRUST
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Madison Metropolitan School District
  • School Tax School District: 17
  • Census Tract: 003001

Zoning

  • Zoning: IL

Geography

  • Parcel: 0710-091-0205-6
  • Block: 5
  • Lot: 4
  • Meridian: SEC 09 QTR 1 TWN 07N RNG 10E
  • Municipality: CITY OF MADISON
  • Latitude: 43.0901
  • Longitude: -89.3126

    Address

  • Full Address: 502 Atlas Ave
  • Address - House Number: 502
  • Address - Street Name: Atlas
  • Address - Suffix Type: Ave
  • State: WI
  • City Name: Madison
  • Carrier Code: C002
  • 4-Digit Zip Code: 3108
  • Zip Code: 53714

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,380
  • Tax Rate Code Area: 60

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,020,000
  • First Open Lien Mortgage Lender: BARABOO STATE BANK
  • First Open Lien Mortgage Recording Date: Sep 27, 2023
  • First Open Lien Mortgage Loan Amount: $1,020,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $569,000
  • Assessed Land Value: $149,500
  • Assessed Improvements Value: $419,500

    Sales

  • Current Sale Contract Date: Dec 19, 2022
  • Current Sale Recording Date: Dec 20, 2022
  • Current Sale Transaction ID: 11899880659
  • Current Sale Price: $525,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5879106
  • Previous Sale Recording Date: Mar 28, 2022
  • Previous Sale Contract Date: Mar 21, 2022
  • Previous Sale Amount: $426,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BARABOO STATE BANK
  • First Mortgage Transaction Date: Dec 20, 2022
  • First Mortgage Loan Amount: $975,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Madison



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 502 Atlas Avenue located in?
The 502 Atlas Avenue is a commercial located in the neighborhood of Madison in Madison, Madison.
What is the average sales price for listings in 502 Atlas Avenue?
The average sales price for units in 502 Atlas Avenue is $500,000 currently.

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