402 Rustic Drive Madison, WI ^$ 1,495,000

402 Rustic Drive

^$ 1,495,000

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402 Rustic Drive

Madison, WI, 53718

^$ 1,495,000

Studio Baths0.0 Sq 10,456

Monthly Estimate*

^$ 8,954

Listed by Sprinkman Real Estate

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Studio

Commercial Property for sale in Madison, WI

for $1,495,000. This 10,456 square foot building was built in 2001.

Ten bedrooms and 9.5 baths. Currently used as a licensed adult family home. There are 5 studio suites with kitchenettes, full accessible private bathrooms, and minisplit (private HVAC). Private office, Open floor plan, large kitchen with walk-in pantry. 3 additional main floor bedrooms and 3 full baths. 2 rooms have a jack/jill bath to share, one is a full suite with full kitchen and stubbed for shower & toilet and his/hers walk in closets, 3 bedroom has a bath just next to it but not adjoining. Finished lower level with 1 bedroom, kitchen, living room 3 sided fireplace, separate entrance from garage. Two additional rooms with closets but not legal bedrooms. Screened porch, ADA ramps, basketball count in backyard. (AFH packet notes 8 beds, 2 extra for staff- 10 total)

Commercial Contingent

Price

^$ 1,495,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 18,411

Style

Year Built

2001

Town/City

Madison

County/Region

Dane

MLS | Web ID

1976800

Features

General

Lease Type None

Features Private Restrooms Residential unit(s) Reception area Inside storage Private office(s) Recreation facilities

Roof Composition

Zoning SR-C1

Occupancy Owner Tenant(s)

Tenant Pays N/A

County Dane

Class Business/Comm

Present Use Living quarters

Net Income 181106

Location Free standing Residential area

Tax Year 2023

Gross Income 329440

Fuel Natural gas Electric

Status Offer-Show

Year Built 2001

Directions Sprecher Rd. to W on Rustic Dr.

City Madison

DOM 129

Price Per Sq Ft Total AG 142.98

Open House Date No

County Qtr Section East Metro Madison

Interior

Basement Full Poured concrete foundatn

Total Number of Units 10

Heating/Cooling Forced air Central air Other Zoned heating

Stories 1

Exterior

Exterior Vinyl Stone

Lot Size Area 1.17

* Excluded Features

List By

Sprinkman Real Estate

Broker

(608) 279-4313

Phone

lorisells@sprinkmanrealestate.com

Affordability Calculator

$10,488

Per Month

Monthly Principal & Interest: $8,954
Monthly Property Taxes: $1,534
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Madison, WI

Average List Price ^$1,006,029

Percent of Sale Price 33%

About Madison, WI

252,062 Population

21% Since 2002

^$58,415 Median Income

34.31 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1568291 Elementary School

1568554 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/15/2024	$1,495,000	-3.55%	Price Down
6/11/2024	$1,550,000	-3.13%	Price Down
5/13/2024	$1,600,000		Listed Price

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402 Rustic Drive, Madison, WI, 53718 is a Commercial Property for sale at $1,495,000 with 10,456 sqft. 402 Rustic Drive is a studio with 0.0 baths and was built in 2001. The property's zip code is 53718 which is in Madison, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the South Central Wisconsin Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the SCWMLS approved logo and detailed information about them includes the name of the listing brokers.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

This information, provided by seller, listing broker, and other parties, may not have been verified.

Data is updated as of 9/22/2024.

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402 Rustic Drive

Commercial Property for sale in Madison, WI

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