402 Rustic Drive

Madison, WI 53718

$1,600,000
Price
3
Beds
3
Baths
499
1/2 Baths
1,497 Sq. Ft.
$1,069 / Sq. Ft.
1,497
Sq. Ft.
$1,069
per Sq. Ft.

Description

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....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)
  1. Listed by Lori Schilling • Sprinkman Real Estate

Property Details for 402 Rustic Drive

Subdivision
Rustic Acres
Zoning
SR-C1

Location

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LISTING UPDATED: 05/14/2024 01:17 PM

Property Details for 402 Rustic Drive

StatusActive
MLS #1976797
Days on Market21
Taxes$18,411 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 1 story
Year Built2001
Lot Size1.17 AC / 50,965 SF
CountyDane County

Location

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Building Information for 402 Rustic Drive

Stories-Residences10Year Built2001Building Size-Lot Size1.17 AC / 50,965 SF

Payment Calculator

$10,266 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$1,534

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 402 Rustic Drive

Summary
Location and General Information
  • C/T/V: City
  • County: Dane
  • County Qtr Section: East Metro Madison
  • Directions: Sprecher Rd to W on Rustic Dr
  • Location: MADISON - C E11
  • Mailing City: Madison
  • Municipality: Madison
  • State: WI
  • Zip: 53718
Parking
  • Park/Unit: Outside
  • Parking Spaces Outside: 7
  • Parking Stalls Inside: 1
School Information
  • Elementary: Kennedy
  • High School: Lafollette
  • Middle School: Whitehorse
  • School District: Madison
Taxes and HOA Information
  • Net Taxes: $18,411.00
  • Parcel ID: 0710-024-0192-6
  • Tax Year: 2023
Property
Property and Assessments
  • Class: Multi Family
  • Improvements: 900000
  • Land Assess: $130,000.00
  • Legal Documents: Income/Exp Report Avail, Condition report on file
  • Miscellaneous: Shared laundry
  • Total Assess: $1,030,000.00
  • Total Assess Year: 2024
  • Type: 1 story, Other
  • Year Built: 2001
Lot Information
  • Estimated Total Acres: 1.17
  • Source of Est. Acres: Assessor
  • Source of Year Built: Assessor
Utilities
  • Water/Waste: Municipal water, Municipal sewer
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl, Stone
Interior Features
  • Items Included: See offering memorandum
  • Number of Dish Washers: 1
  • Number of Dryers: 1
  • Number of Furnaces: 1
  • Number of Stoves: 1
  • Number of Refrigerators: 1
  • Number of Washers: 1
  • Number of Water Heaters: 1
  • Number of Water Softeners: 1
  • Barrier-free: Open floor plan, Ramped or level entrance, First floor bedroom, First floor full bath, Roll-In Shower, Stall shower, Grab bars in bath, Level drive, Low pile or no carpeting
  • Basement: Full, Full size windows/Exposed, Walkout to yard, Finished, Poured concrete foundatn
  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Number of Efficiencies: 0
Room Information
Bedrooms
  • Number of 1 Bedrooms: 10
  • Number of 2 Bedrooms: 0
  • Number of 3+ Bedrooms: 0
Multi Family
Unit Information
  • Number of Units w/AC: 10
  • Number of Units: 10
Income & Expenses Information
  • Net Operating Income: $18,116
  • Net Operating Income Year: 2024
  • Total Expenses: $148,334
  • Total Income: $329,440
Unit 1
  • U1 Landlord Pays Heat: Yes
  • U1 Landlord Pays Electric: Yes
  • U1 Landlord Pays Water/Sewer: Yes
  • Unit 1: Eat-in kitchen,Air conditioning,Individual heat control
  • U1 Parking: None
  • U1 Number of Bedrooms: 1
  • U1 Full Baths: 1
  • U1 Half Baths: 0
  • U1 SqFt: 499
  • Unit 1 Dining Room Level: M
  • Unit 1 Kitchen Level: M
  • Unit 1 Living/Great Room Level: M
  • Unit 1 Primary BedRoom Level: M
  • Unit 1 Dining Room Dimensions: 13x12
  • Unit 1 Kitchen Dimensions: 22x19
  • Unit 1 Living/Great Room Dimensions: 25x20
  • Unit 1 Primary BedRoom Dimensions: 17x16
Unit 2
  • U2 Landlord Pays Heat: Yes
  • U2 Landlord Pays Electric: Yes
  • U2 Landlord Pays Water/Sewer: Yes
  • Unit 2: 3
  • U2 Parking: None
  • Unit 2 Primary BedRm Level: M
  • Unit 2 Primary BedRm Dimensions: 13x12
  • U2 Number of Bedrooms: 1
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 SqFt: 499
Unit 3
  • Unit 3: 4
  • U3 Parking: None
  • U3 Number of Bedrooms: 1
  • U3 Full Baths: 1
  • U3 Half Baths: 499
  • U3 SqFt: 499
  • U3 Landlord Pays Heat: Yes
  • U3 Landlord Pays Electric: Yes
  • U3 Landlord Pays Water/Sewer: Yes

Property History for 402 Rustic Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 402 Rustic Drive

Taxable ValueLand$130,000Additions$900,000Total$1,030,000
Tax Record2022$17,530 ($1,461 / month)
Home Facts
Beds9Baths4.5Total Finished SqFt8,759 SqFtAbove Grade Finished SqFt6,154 SqFtFinished Basement SqFt2,605 SqFtStories1Lot Size51,052 SqFtStyleMiscellaneous ResidentialYear Built2001Year Renovated2004ZoningSR-C1CountyDANEAPN0710-024-0192-6Fireplace TypeHas Fireplace

Schools near 402 Rustic Drive

This home is within Madison Metropolitan School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Kennedy Elementary School
PublicPK to 5

Whitehorse Middle School
Public6 to 8

Lafollette High School
Public9 to 12

Shabazz-City High School
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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402 Rustic Drive is a multi-family home for sale in Madison, WI 53718. This property was listed for sale on May 13, 2024 by Sprinkman Real Estate, it's currently listed at $1,600,000. It has been on the market for a total of 21 days and was last sold on July 13, 2022. This listing's school district is Madison Metropolitan School District. Nearby schools include Kennedy Elementary School, Whitehorse Middle School and Lafollette High School. 402 Rustic Drive is a 3-bed, 252.5-bath, 1,497 sqft multi-family home built in 2001.

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.

Listing Courtesy of Sprinkman Real Estate

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 05/14/2024 01:17 PM 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