2117 N Madison Ave Wichita, KS 67214

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2 beds · 1 bath · 725 sq ft · Lot Size: 6,534 sq ft · Single Family Home · Power
Est. Property Value: $87,451

Valued below Market MedianOwned for 15 - 25 YearsOwner Age 65 - 75

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2117 N Madison Ave is in the Power neighborhood of Wichita, KS. It is located in Sedgwick County and ZIP code 67214. This Single Family Home was built in 1950 and is approximately 75 years old. The single family home spans 725 sq ft with 2 bedrooms and 1 bathroom and sits on a 6534 sq ft lot. According to public records, it was last sold in 2009 and has a tax-assessed value of $23,000, which is $121 per sq ft. The Power area of Wichita has 399 residential homes with an average size of 846 sq ft. Analyze and compare real estate investment strategies for properties like this home at 2117 N Madison Ave Wichita, KS 67214 with Property Intel by Whitepages.

Investment Potential for 2117 N Madison Ave

The property has a current estimated value of $87,451, which is 15% below the neighborhood median, based on public records. It last sold on November 03, 2009. Projected long-term
is $10,200 annually ($850 per month) with a 75% occupancy rate.

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Long-Term

Gross Rental
$10,200 per year($850 per month)
Net Operating Income
$****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
75%in 67214 zip code
 
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Owners & Occupancy for 2117 N Madison Ave

This property is owned by Vernetta F Brown. Owner contact information includes 3 phone numbers and 2 email addresses.

Property Owners

Residence***********
Landline(316) 263-9538
Distance from Property**********
Email Address**********@gmail.comView Email
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Property Ownership Information

Purchase DateNovember 03, 2009
Property Tax Amount$255 in 2024

Occupancy

Current Occupancy******View Occupancy

Property Details for 2117 N Madison Ave

Property Details

Property Sq Ft

Living Area

725 sq ft

14% below market

Lot Size

6,534 sq ft

6% below market

Price Per Sq Ft

Living Area

$121 / sq ft

10% above market

Lot Size Area

$13 / sq ft

11% below market

Property condition, age, exterior, etc. for 2117 N Mad…
Longitude: -97.310805 Latitude: 37.721373 Parcel Number (APN): 122-10-0-21-03-016.00…

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Market Benchmarks

Compare data for 2117 N Madison Ave in Sedgwick County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$87,451
$111,418
-$23,966 (-22%)
$******
$229,990
-$13,245 (-6%)
YoY Price Change
****%
2.96%
504%
Year Built
1950
1946
4 years
Living Space
725 sq ft
1,056 sq ft
-331 (-31%)
$ Per Living Sq Ft
$121
$103
$18 (17%)
Lot Size
6,534 sq ft
8,276 sq ft
-1742 (-21%)
$ Per Lot Sq Ft
$13
$12
$2 (13%)

Net Operating Income
$****
$12,462
-$4,522 (-36%)
Annual Revenue
$10,200
$16,800
-$6,600 (-39%)
$****
$4,163
-$1,903 (-46%)
Net Operating Income
$****
$12,462
-$4,522 (-36%)
Cap Rate
****%
11.11%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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