1005 Rutledge Court

Madison, WI 53703

$997,000
Price
5
Beds
3
Baths
3,329 Sq. Ft.
$299 / Sq. Ft.
3,329
Sq. Ft.
$299
per Sq. Ft.

Description

Price adjustment to only $997k! Your lakefront property awaits you! This incredibly well cared for 3 unit property is, not only, located in one of the most highly desired neighborhoods in Madison...it's also ON LAKE MONONA! This, owner managed, property has been in the same owners for 32 years! Unit 1 is a large, main level, 3 bedroom. Unit 2 is a large 2nd & 3rd floor 1 bedroom+den. Unit 3 is a well laid out, 2nd floor, 1 bedroom apartment. There is a huge, unfinished, walk out basement. Incredible...Price adjustment to only $997k! Your lakefront property awaits you! This incredibly well cared for 3 unit property is, not only, located in one of the most highly desired neighborhoods in Madison...it's also ON LAKE MONONA! This, owner managed, property has been in the same owners for 32 years! Unit 1 is a large, main level, 3 bedroom. Unit 2 is a large 2nd & 3rd floor 1 bedroom+den. Unit 3 is a well laid out, 2nd floor, 1 bedroom apartment. There is a huge, unfinished, walk out basement. Incredible water views from two sunrooms, two living rooms, one den, one bedroom and a large outdoor deck in back. Walkable to the capitol square, Williamson Street restaurants/shops/grocery, bike paths & much more! All current leases can be cancelled by landlord with 90 days Notice.
  1. Listed by Ryan Schmitz • The Hub Realty

Property Details for 1005 Rutledge Court

Waterfront
Yes
Waterfront
Has actual water frontage, Lake
Zoning
TR-V1

Location

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LISTING UPDATED: 10/14/2023 01:51 AM

Property Details for 1005 Rutledge Court

StatusOffer - No Show
MLS #1953002
Days on Market164
Taxes$13,756 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Apartment building
Year Built1914
CountyDane County

Location

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Virtual Tour

Building Information for 1005 Rutledge Court

Building/Complex1005 Rutledge CtFloor-Stories-Residences3Pet Policy-Year Built1914Building Size-

Payment Calculator

$6,587 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,441

Property Taxes

$1,146

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1005 Rutledge Court

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: East Metro Madison
  • Directions: Left on Rutledge Ct
  • Location: MADISON - C E01
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53703
Parking
  • Park/Unit: None
  • Parking Spaces Outside: 0
  • Parking Stalls Inside: 0
School Information
  • Elementary: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison
Taxes and HOA Information
  • Net Taxes: $13,756.00
  • Parcel ID: 071007310263
  • Tax Year: 2022
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 368800
  • Land Assess: $413,500.00
  • Legal Documents: Condition report on file, Joint driveway agreement, Lease(s) on file
  • Total Assess: $782,300.00
  • Total Assess Year: 2023
  • Type: Apartment building, 3 story
  • Year Built: 1914
Lot Information
  • Estimated Total Acres: 0.12
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Utilities: Separate elec meters
  • Water/Waste: Municipal sewer, Municipal water
Interior and Exterior Features
Exterior Features
  • Exterior: Other
Interior Features
  • Items Included: 3 Refrigerators, 3 Oven/Stoves, 2 Dishwashers, 3 Water Heaters, 1 Water Softener, 1 Washer, 1 Dryer, 1 Pier
  • Items Excluded: Seller's and Tenant's personal property
  • Number of Dish Washers: 2
  • Number of Dryers: 1
  • Number of Furnaces: 1
  • Number of Stoves: 3
  • Number of Refrigerators: 3
  • Number of Washers: 1
  • Number of Water Heaters: 3
  • Number of Water Softeners: 1
  • Basement: Full
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 2
  • Number of 2 Bedrooms: 0
  • Number of 3+ Bedrooms: 1
Multi Family
Unit Information
  • Number of Units w/AC: 0
  • Number of Units: 3
Income & Expenses Information
  • Total Income: $76,080
Unit 1
  • U1 Landlord Pays Heat: Yes
  • U1 Landlord Pays Electric: No
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: 1
  • U1 Parking: Street
  • U1 Number of Bedrooms: 3
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 1577
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Kitchen Dimensions: 0X0
  • Unit 1 Living/Great Room Dimensions: 0X0
  • Unit 1 Primary BedRoom Dimensions: 0X0
Unit 2
  • U2 Landlord Pays Heat: Yes
  • U2 Landlord Pays Electric: No
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: 2
  • U2 Parking: Street
  • U2 Number of Bedrooms: 1
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 1250
Unit 3
  • Unit 3: 3
  • U3 Parking: Street
  • U3 Number of Bedrooms: 1
  • U3 Full Baths: 1
  • U3 Half Baths: 0
  • U3 SqFt: 502
  • U3 Landlord Pays Heat: Yes
  • U3 Landlord Pays Electric: No
  • U3 Landlord Pays Water/Sewer: Yes

Property History for 1005 Rutledge Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1005 Rutledge Court

Taxable ValueLand$413,500Additions$285,000Total$698,500
Tax Record2021$12,972 ($1,081 / month)
Home Facts
Baths3Total Finished SqFt3,461 SqFtAbove Grade Finished SqFt3,461 SqFtStories2Lot Size5,060 SqFtStyleTriplexYear Built1914Year Renovated1971ZoningHIS-TL TR-V1CountyDANEAPN0710-073-1026-3Fireplace TypeHas Fireplace

Schools near 1005 Rutledge Court

This home is within Madison Metropolitan School District.
Rating
School
Type
Grades
Distance
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Marquette Elementary School
Public3 to 5

O'keeffe Middle School
Public6 to 8

East High School
Public9 to 12

Capital High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of The Hub Realty

Based on information from one of the following Multiple Listing Services: Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Metro Multiple Listing Service (Metro MLS), REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 10/14/2023 01:51 AM Listing presented by Compass RE WI-Tosa. Information is supplied by seller and other third parties and has not been verified. Copyright 2024 – WiREx. – All Rights Reserved