505 Madison Street

Local assessors in Lafayette, LA have categorized 505 Madison Street as a residential type of property. The home was built in 1927 and is 97 years old. The property's lot size has been calculated to be 6,098 square feet. If we look only at the heated or air conditioned part of the building, then 505 Madison Street has a total of 2,010 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. 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, 505 Madison Street was last sold in Dec 19, 2020 for $228,000. According to our calculations, that's $113.43 per sqft. Prior to that sales transaction, the property was sold for $215,000 in Mar 28, 2019. Current property owners are expected to pay $2,112 in taxes per year. The property on 505 Madison Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $20,110. To break that down further, the land itself was valued at $1,110. While improvements to the property were assessed at a total of $19,000. 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. 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.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.