500 Madison Street, Alexandria, VA 22314

Old Town North, Downtown Alexandria, Alexandria
Building in Old Town North
4 Stories
Built in 2014
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Welcome to 500 Madison Street, a building located in Old Town North, Downtown Alexandria, Alexandria in Alexandria, VA. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 2014. There are a total of 4 floors. Finally, 500 Madison Street was most recently sold on Nov 24, 2015 for $75,000. The market value for the land that the building sits on has been listed at $17,500,000. In addition, improvements upon the building have an added value of $51,472,000. In total, the total market value of the property as a whole is $68,972,000. According to local assessors, the total value of the building is currently valued at $68,972,000. Specifically, the value of the land that the property sits on has been assessed at $17,500,000. The building was last assessed in 2022.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Policies
Cats Allowed
Dogs Allowed
Facts
General
Year Built
2014
Effective Year Built
2014
Bedroom Count
0
Building Condition
Excellent
Building Quality
B+
Construction Type
unknown
Building Style
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
Flat
Roof Cover Type
unknown
Floor Count
4
Living Units
180
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Land Acres
3.8
Standard Land Use Code
Apartments (generic)
County Land Use Code
unknown
Legal Description 1
RESIDENTIAL CONVERTIBLE SPACE 500 MADISON CONDOMINIUM
Ownership
Current Owner
500 MADISON LLC
Current Owner's Name
500 MADISON LLC
Previous Owner
500 MADISON VENTURE LLC
Owner Address - City
MATTHEWS
Owner Address - State
NC
Owner Address - ZIP Code
28105
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Alexandria City Public Schools
Census Tract
201805
Census Block Code
1007
Census Group
1
Census Year
2020
Census - Combined Statistical Area - Area Code
548
Census - Combined Statistical Area - Area Name
Washington-Baltimore-Arlington, DC-MD-VA-WV-PA
Census - County FIPS
51510
Census - Full FIPS
515102018051007
Census - Metropolitan Division - Area Code
47894
Census - Metropolitan Division - Area Name
Washington-Arlington-Alexandria, DC-VA-MD-WV
Census - Metro Micro Statistical Area - Area Code
47900
Census - Metro Micro Statistical Area - Area Name
Washington-Arlington-Alexandria, DC-VA-MD-WV
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
5101000
Census Source
US Census Bureau
Census State FIPS
51
Census Tract Code
201805
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
5100120
School District - Unified - Name
Alexandria City Public Schools
Zoning
Zoning
CDD#20 - C
Geography
Assessors Map Reference
54.04
Parcel
60031170
Block
F
Lot
2
Lot Code
unknown
Latitude
38.8126
Longitude
-77.0438
FIPS
51510
Mailing Carrier Code
R026
Mailing Full Street Address
701 CRESTDALE RD
Mailing House Number
701
Mailing Street Mode
RD
Mailing Street
CRESTDALE
Mailing 4-Digit Zip Code
1700
Old APN
054.04-0F-02
Geo Status Code
unknown
Valuation
Timestamp
2023-06-15 20:13:52
UCID Flag
C
More About The Building
In total, the building area is listed as 165,460 square feet. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 500 Madison Street is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Old Town North area have a median price of $3,800. Those in the 25th percentile, have a price around $2,300. While those in the 75th percentile, have a price around $3,900. Typically, the buildings in this area have a median sqft of 750. That means that the median price per sqft is around $5. In other words, the price per sqft for buildings in the 25th percentile is $4. While the price per sqft for buildings in the 75th percentile is $5. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There are currently a total of 4 one bedroom listings. The median price for these types of listings is $3,850. That's $5.05 price per sqft.

  • There is currently a single advertised two bedroom listing.
  • There are currently no three bedroom listings being advertised in the area.
  • There are currently no four bedroom listings being advertised in the area.
About The Area
500 Madison Street is located in 22314. There are 31,442 people living here. There are 16,570 households. Most of these households have an average family size of 2.6 people. According to the census, 52% are currently renting while 48% own their homes. The median age of this population is around 39.3 years old. On average, most folks in the zipcode are unmarried. About 14% of folks speak a language other than English in this area. The area's employment rate is currently around 73.3%. Speaking of employment, the median income is $120,319. Most folks will commute by car for around 30.4 minutes. Finally, we know that 6% of residents in the area have graduated with their high school degree. Additionally, 33% and 47% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Alexandria city, Virginia has a population of 151,473 people. Based on census records, there are 68,063 registered households. Families in this area are on average made up of 3.04 people per household. Most folks are unmarried. They are also typically around 36.2 years old. Does diversity matter to you? Right now, 33% of folks speak a language other than English here. About 58% rent while 42% purchased their homes. Right now, the community is made up of 12% of residents who have graduated with at least a high school degree. On top of that, 29% have a Bachelor's degree and 33% have a Master's degree. The employment rate is currently around 73.9%. Those employed, have a median income of $89,200. If you move here, you can expect to commute mostly by car for around 31.1 minutes.

Finally, let's take a look at the stats related to Washington, DC - VA - MD Urban Area. The urban area is home to 4,897,996 people. A total of 1,763,935 households are registered here. With average family sizes being listed at 3.38 people. About 17% of residents have graduated with a high school degree. Of the rest, 26% have their Bachelor's and 26% have their Master's degree. Folks speaking a language other than English, make up about 31% of the population. Looking to move to this urban area? You'll need to look forward to commuting by car for around 33.6 minutes. Speaking of your commute, 67.5% of people in this area are employed. The recorded median income is currently at $95,550 per year. The median population age has been listed at 36 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 40% of the population while homeowners are at about 60% of the population.
-
Studio Median Rent
$3,850
1BR Median Rent
-
2BR Median Rent
-
3BR Median Rent
PUBLIC TRANSIT
30
31
Madison St + N Pitt St (Under 500 ft - 3 min walk)
DASH
30
31
Madison St + N Saint Asaph St (Under 500 ft - 3 min walk)
DASH
30
31
Madison St + N Royal St (Under 500 ft - 3 min walk)
DASH
30
31
Montgomery St + N Pitt St (Under 500 ft - 3 min walk)
DASH
30
31
Montgomery St + N Saint Asaph St (580 ft - 3 min walk)
DASH

Nearby Schools

(within attendance boundary)
JEFFERSON-HOUSTON ELEM  •  0.71 mi
1501 Cameron St, Alexandria, VA 22314
Public  •  Elementary  •  Grades PK to 8
Alexandria City Public Schools
GEORGE WASHINGTON MIDDLE  •  0.71 mi
1005 Mount Vernon Avenue, Alexandria, VA 22301
Public  •  Middle School  •  Grades 6 to 8
Alexandria City Public Schools
TC WILLIAMS HIGH  •  2.4 mi
3330 King St, Alexandria, VA 22302
Public  •  High School  •  Grades 9 to 12
Alexandria City Public Schools
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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