This specific address designates a single-family residence located within the city limits of San Antonio, Texas. It pinpoints a precise location on a street named Madison Oak Drive, using the civic number 502. Such addresses are essential for mail delivery, emergency services, navigation, and property identification.
Accurate and standardized addresses are fundamental to a functioning society. They facilitate commerce, enable efficient resource allocation, and ensure clear communication. Historically, addresses evolved from less precise systems, becoming increasingly structured as cities grew and the need for efficient organization intensified. In the modern context, a complete address like this one plays a vital role in property ownership records, tax assessment, and urban planning.
Understanding the function and significance of precise location identifiers allows for deeper exploration of related topics such as property valuation, neighborhood demographics, and the broader real estate market. Further investigation might include analyzing recent sales data, assessing property taxes, or researching the history and development of the surrounding area.
1. Location
Location significantly impacts a property’s value, accessibility, and desirability. Understanding the location of 502 Madison Oak Drive, San Antonio, TX involves examining several key facets that contribute to its overall character.
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Geographic Coordinates
Precise latitude and longitude coordinates pinpoint the property’s exact position on the earth’s surface. This precise location data is crucial for mapping, navigation, and geographic information systems. It provides a universal reference point, distinguishing the property from any other location.
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Neighborhood Context
The surrounding neighborhood significantly influences a property’s character. Factors such as neighborhood demographics, socioeconomic characteristics, crime rates, and school districts play a vital role in determining property values and resident lifestyles. Analyzing neighborhood data provides insights into the community surrounding 502 Madison Oak Drive.
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Proximity to Amenities
Accessibility to essential services and amenities, including hospitals, schools, shopping centers, and recreational facilities, significantly impacts a property’s desirability. Evaluating the proximity of these amenities to 502 Madison Oak Drive provides a measure of convenience and quality of life for potential residents.
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Accessibility and Transportation
Access to major transportation routes, including highways, public transportation, and airports, influences commuting times and overall connectivity. Analyzing transportation options near 502 Madison Oak Drive provides insights into its accessibility and convenience for residents.
These interconnected facets offer a comprehensive understanding of the location of 502 Madison Oak Drive. By considering these elements, one can gain a deeper appreciation of the property’s position within the broader urban landscape of San Antonio, Texas.
2. Property Type
Property type significantly influences the functionality, value, and potential uses of a specific address. Determining the property type associated with 502 Madison Oak Drive, San Antonio, TX, provides crucial information for various purposes, including market analysis, insurance assessments, and urban planning. Property types are generally categorized as residential, commercial, industrial, or mixed-use. Each category further divides into specific classifications, such as single-family homes, apartments, retail spaces, or manufacturing facilities. Understanding these distinctions is crucial for accurate property valuation and appropriate land use.
For example, if 502 Madison Oak Drive is classified as a single-family residence, its value will be assessed differently compared to a commercial property at the same location. The permitted uses also vary significantly. A single-family home may be restricted to residential purposes only, while a commercial property might allow for retail or office use. This distinction impacts zoning regulations, building codes, and property tax assessments. Furthermore, the property type influences the target market for potential buyers or renters. A single-family home attracts individuals or families seeking residential accommodation, whereas a commercial property targets businesses seeking operational space.
Accurately identifying the property type associated with 502 Madison Oak Drive is essential for informed decision-making related to real estate transactions, urban development, and municipal planning. This information contributes to a comprehensive understanding of the property’s characteristics and its role within the local market. Further investigation might involve analyzing historical property records, consulting local authorities, or examining comparable properties in the surrounding area to confirm the property type and its implications.
3. Neighborhood
The neighborhood surrounding 502 Madison Oak Drive, San Antonio, TX, exerts a significant influence on the property’s character and value. Neighborhood analysis considers various factors, including demographics, socioeconomic characteristics, crime rates, school quality, and proximity to amenities. These elements contribute to the overall desirability and market value of residences within the area. For instance, a neighborhood with low crime rates and highly-rated schools often commands higher property values compared to a neighborhood with higher crime and lower-performing schools. This correlation stems from the perceived safety and quality of life associated with such attributes. Furthermore, access to parks, shopping centers, and restaurants enhances a neighborhood’s appeal, contributing to increased property values.
The neighborhood’s socioeconomic composition also plays a crucial role. Median income levels, unemployment rates, and educational attainment within the neighborhood can influence property values and the types of residents attracted to the area. For example, a neighborhood with a higher median income might exhibit a greater demand for premium properties, driving up market prices. Conversely, a neighborhood with higher unemployment rates might experience lower property values and attract a different demographic. Understanding these dynamics provides valuable insights into the potential investment value and long-term prospects of a property like 502 Madison Oak Drive.
In conclusion, a comprehensive neighborhood analysis is essential for evaluating a property’s true worth and potential. Factors such as safety, school quality, access to amenities, and socioeconomic characteristics interact to shape the neighborhood’s character and influence property values. This understanding provides valuable context for assessing the long-term investment potential and overall desirability of 502 Madison Oak Drive within the San Antonio, TX real estate market. Further investigation might involve analyzing crime statistics, researching school performance data, and examining local market trends to gain a deeper understanding of the neighborhood’s dynamics and its impact on property values.
4. Market Value
Market value, representing the estimated price a property would command in a competitive market, is a crucial aspect of real estate analysis. Understanding the market value of 502 Madison Oak Drive, San Antonio, TX, requires considering various factors that influence property valuation. This analysis provides insights for potential buyers, sellers, and investors, informing decisions related to property transactions, financing, and investment strategies.
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Comparable Sales
Recent sales of similar properties in the same neighborhood provide a benchmark for estimating market value. Analyzing comparable sales data, including property size, features, and sale prices, helps determine a reasonable market value range for 502 Madison Oak Drive. For example, if similar homes in the area recently sold for between $300,000 and $350,000, this data suggests a potential market value range for the subject property.
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Property Condition and Features
The property’s physical condition, age, upgrades, and unique features significantly influence its market value. Factors such as updated kitchens, modern bathrooms, and energy-efficient appliances can increase value, while deferred maintenance or outdated features can decrease it. A detailed assessment of the property’s condition and features is essential for accurate valuation.
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Local Market Trends
Current market conditions, including supply and demand dynamics, interest rates, and economic trends, impact property values. A strong seller’s market with limited inventory and high demand tends to drive prices up, while a buyer’s market with ample inventory and low demand can exert downward pressure on prices. Understanding local market trends provides context for interpreting the property’s market value.
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Location and Neighborhood Influences
As previously discussed, the property’s location and neighborhood characteristics play a vital role in determining market value. Factors such as school quality, crime rates, proximity to amenities, and neighborhood demographics influence desirability and, consequently, market value. A desirable neighborhood with excellent schools and low crime rates typically commands higher property values.
By considering these interconnected factors, a comprehensive understanding of the market value of 502 Madison Oak Drive can be achieved. This analysis informs investment decisions, pricing strategies, and negotiations, providing valuable insights for all stakeholders involved in a potential real estate transaction. Further research, including professional appraisals and market analyses, can provide more precise valuation figures.
5. Accessibility
Accessibility, referring to the ease of reaching a specific location, plays a crucial role in property valuation and overall desirability. Evaluating accessibility for 502 Madison Oak Drive, San Antonio, TX, involves analyzing various transportation modes, proximity to major roadways, and availability of public transit options. This analysis provides valuable insights for potential residents, businesses, and investors, informing decisions related to commuting, logistics, and property investment.
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Proximity to Major Roadways
Proximity to major highways and arterial roads significantly impacts commute times and regional connectivity. Easy access to Interstate highways or major thoroughfares facilitates efficient travel within the city and to surrounding areas. For example, convenient access to Interstate 10 or Loop 410 would enhance the accessibility of 502 Madison Oak Drive, enabling residents to reach various destinations within San Antonio and beyond quickly.
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Public Transportation Options
Availability and proximity of public transportation options, including bus routes, light rail, and commuter rail, provide alternative modes of transportation. Access to reliable public transit reduces reliance on personal vehicles, offering cost-effective and environmentally friendly commuting options. The presence of nearby bus stops or light rail stations would enhance the accessibility of the property for residents who prefer or rely on public transportation.
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Airport Accessibility
For frequent travelers, proximity to an international airport is a significant consideration. Easy access to San Antonio International Airport (SAT) reduces travel time and simplifies logistical arrangements for both personal and business trips. The distance and travel time between 502 Madison Oak Drive and SAT influence the property’s accessibility for individuals who require convenient air travel.
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Local Street Connectivity
The local street network and its connectivity influence access to nearby amenities and services. Well-maintained streets, efficient traffic flow, and pedestrian-friendly infrastructure enhance local accessibility. The condition and layout of the streets surrounding 502 Madison Oak Drive impact the ease of reaching nearby shops, restaurants, parks, and other essential services.
These interconnected facets of accessibility contribute significantly to the overall desirability and market value of 502 Madison Oak Drive. A property with excellent accessibility offers convenience, reduces transportation costs, and enhances connectivity to the broader urban environment. This analysis provides valuable context for potential residents, businesses, and investors evaluating the property’s location and its implications for daily life and long-term value.
6. Local Amenities
Local amenities significantly influence the quality of life and property values associated with a specific address. Analyzing the amenities surrounding 502 Madison Oak Drive, San Antonio, TX, provides valuable insights into the lifestyle offered by the location and its potential appeal to residents and investors. This analysis considers various factors, including access to essential services, recreational facilities, cultural attractions, and retail options.
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Educational Institutions
The proximity and quality of schools, including elementary, middle, and high schools, are crucial factors for families with children. Access to highly-rated public schools or reputable private institutions enhances the desirability of a residential area. Information on school districts, performance ratings, and specialized programs available near 502 Madison Oak Drive informs families about educational opportunities in the vicinity.
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Healthcare Facilities
Access to quality healthcare services is essential for residents of all ages. Proximity to hospitals, clinics, and specialized medical centers provides convenient access to medical care. Information on the availability and quality of healthcare facilities near 502 Madison Oak Drive is crucial for individuals seeking convenient access to medical services.
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Shopping and Retail Options
The availability of diverse shopping and retail options, including grocery stores, restaurants, and specialty shops, contributes to the convenience and lifestyle of a neighborhood. Proximity to major shopping centers or local retail districts enhances the appeal of a residential area. Analyzing the retail landscape surrounding 502 Madison Oak Drive provides insights into the shopping and dining experiences available to residents.
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Recreational and Cultural Opportunities
Access to parks, recreational facilities, cultural attractions, and entertainment venues enriches the quality of life for residents. Proximity to parks, museums, theaters, and sports facilities provides opportunities for leisure, entertainment, and cultural experiences. Analyzing the recreational and cultural landscape surrounding 502 Madison Oak Drive provides insights into the lifestyle and leisure activities available to residents.
The availability and quality of local amenities contribute significantly to the overall appeal and market value of properties in a given area. A comprehensive understanding of the local amenities surrounding 502 Madison Oak Drive allows potential residents, investors, and businesses to make informed decisions based on the lifestyle, convenience, and opportunities offered by the location. This analysis, combined with other factors such as property type, market value, and accessibility, provides a comprehensive view of the property’s context within the broader San Antonio community.
Frequently Asked Questions
This section addresses common inquiries regarding properties identified by specific addresses, using 502 Madison Oak Drive, San Antonio, TX as a representative example. The information provided aims to offer general guidance and does not constitute specific advice for any particular property.
Question 1: How is a property’s value determined?
Property valuation considers factors like comparable sales, property condition, location, and market trends. Professional appraisals provide the most accurate valuations.
Question 2: What role does location play in property valuation?
Location significantly impacts value due to factors like accessibility, school districts, neighborhood demographics, and proximity to amenities.
Question 3: How can one research a property’s history?
Public records, including property deeds, tax assessments, and historical archives, offer insights into a property’s past ownership and usage.
Question 4: What are the implications of zoning regulations?
Zoning regulations dictate permitted land uses, influencing property development and potential future uses.
Question 5: How does property type influence market value?
Property type (residential, commercial, industrial) directly impacts market value and potential usage, reflecting varying demand and functionality.
Question 6: Where can one find information about local amenities?
Local government websites, community resources, and real estate platforms often provide information regarding nearby amenities, schools, and services.
Understanding these fundamental aspects of property analysis provides a foundation for informed decision-making regarding real estate transactions. Further research tailored to specific properties is always recommended.
The subsequent sections will delve deeper into specific aspects of property analysis, offering more detailed insights and practical guidance.
Tips for Real Estate Decisions
Navigating real estate transactions requires careful consideration of various factors. These tips offer guidance for informed decision-making, applicable to properties like the example of 502 Madison Oak Drive, San Antonio, TX, but adaptable to any real estate venture.
Tip 1: Conduct Thorough Due Diligence: Comprehensive research is crucial. Investigating property history, market trends, and neighborhood dynamics provides a solid foundation for informed decisions.
Tip 2: Consult with Professionals: Seeking expert advice from real estate agents, appraisers, and inspectors offers valuable insights and mitigates potential risks. Professional expertise provides objective assessments and guidance throughout the transaction process.
Tip 3: Analyze Market Conditions: Understanding current market trends, including supply and demand dynamics, interest rates, and economic indicators, informs pricing strategies and negotiation tactics. Market analysis facilitates realistic expectations and informed decision-making.
Tip 4: Assess Location and Accessibility: Evaluating proximity to amenities, transportation options, and employment centers contributes significantly to long-term property value and lifestyle considerations. Accessibility influences daily commutes, access to services, and overall convenience.
Tip 5: Consider Long-Term Goals: Aligning investment decisions with long-term financial goals ensures that real estate acquisitions contribute to overall financial well-being. Long-term planning considers factors such as potential resale value, rental income, and property appreciation.
Tip 6: Evaluate Property Condition: A thorough inspection identifies potential maintenance issues and necessary repairs, informing cost projections and negotiation strategies. Property condition assessments mitigate unforeseen expenses and ensure informed purchasing decisions.
Tip 7: Review Legal Documents Carefully: Thorough review of all legal documents, including purchase agreements, titles, and disclosures, protects against potential legal issues and ensures a clear understanding of all terms and conditions. Legal expertise can provide further clarity and guidance.
These tips provide a framework for informed real estate decisions, emphasizing the importance of research, professional guidance, and careful consideration of various factors. Applying these principles contributes to successful real estate transactions and long-term investment success.
The following conclusion synthesizes key insights and offers final recommendations for navigating the complexities of real estate markets.
Conclusion
Analysis of a specific property, exemplified by 502 Madison Oak Drive, San Antonio, TX, necessitates a multifaceted approach. Key factors include location within the broader urban context, property type and its associated functionalities, neighborhood characteristics and their influence on lifestyle, market value assessment based on comparable sales and market trends, accessibility considerations related to transportation and infrastructure, and the availability of local amenities impacting quality of life. Each element contributes to a comprehensive understanding of a property’s potential and its position within the real estate market.
Thorough property analysis empowers informed decision-making for potential buyers, sellers, and investors. Understanding these interconnected factors provides a framework for evaluating investment opportunities, assessing property values, and navigating the complexities of real estate transactions. Further research, tailored to specific properties and individual circumstances, remains crucial for successful outcomes in the dynamic real estate landscape.
