NOT LISTED FOR SALE

1005 Rutledge Ct Unit 2F Madison, WI 53703

Marquette Neighborhood

Estimated Value: $879,000 - $1,002,000

5 Beds
3 Baths
3,329 Sq Ft
$283/Sq Ft Est. Value

Last Sold June 17, 2024

Last sale price $975,000 $293 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,208/month

191 Days on Market

Highlights

  • Lake Front
  • Marquette Elementary Rated A-
  • 4-minute walk to Orton Park

About This Home

As of June 2024

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.

Last Listed By

The Hub Team

The Hub Realty Listed on: 04/05/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,713

Year Built

  • Built in 1914

Lot Details

  • 5,227 Sq Ft Lot
  • Lake Front

Parking

  • On-Street Parking

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Lapham/Marquette Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Radiant Heating System
  • Separate Meters

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 071007310263

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,713

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Items Excluded: Seller's and Tenant's personal property
  • Items Included: 3 Refrigerators, 3 Oven/Stoves, 2 Dishwashers, 3 Water Heaters, 1 Water Softener, 1 Washer, 1 Dryer, 1 Pier
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 3
  • Number Stoves: 3
  • Number Washers: 1
  • Number Water Heaters: 3
  • Number Water Softeners: 1

Exterior Features

  • Waterfront: Has actual water frontage, Lake
  • Waterfront: Yes

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Utilities: Separate elec meters

Schools

  • School District: Madison
  • Elementary School: Lapham/Marquette
  • Middle School: OKeeffe
  • High School: East
  • Elementary School: Lapham/Marquette
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.12
  • Zoning: TR-V1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 76080

Tax Info

  • Land Assessment: 413500
  • Improvements: 368800
  • Total Assessment: 782300
  • Assessment year: 2023
  • Net Taxes: 13756
  • Tax Year: 2022
  • Assessor Parcel Number: 071007310263

Multi Family

  • Number Of1 Bedrooms: 2
  • Number Of3 Bedrooms: 1
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2023
Sold by
Perkins David Gerard and Perkins Barbara Cadwell
Bought by
David And Barbara Perkins Revocable Trust and Perkins
Total Days on Market
191
Current Estimated Value
$943,378

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
David And Barbara Perkins Revocable Trust -- None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2024 06/17/24 Sold $975,000 -2.2% $293 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $997,000 +2.3% $299 / Sq Ft
10/06/2023 10/06/23 Off Market $975,000 -- --
07/27/2023 07/27/23 Price Changed $997,000 -9.4% $299 / Sq Ft
05/09/2023 05/09/23 For Sale $1,100,000 0.0% $330 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $1,100,000 -- $330 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $33,713 $956,900 $517,900 $439,000
2023 $14,211 $782,300 $413,500 $368,800
2021 $12,972 $607,400 $359,600 $247,800
2020 $12,557 $562,400 $359,600 $202,800
2019 $12,002 $535,600 $359,600 $176,000
2018 $11,984 $535,600 $359,600 $176,000
2017 $11,280 $486,900 $326,900 $160,000
2016 $11,036 $463,700 $311,300 $152,400
2015 $11,150 $454,600 $305,200 $149,400
2014 $10,936 $454,600 $305,200 $149,400
2013 $10,396 $454,600 $305,200 $149,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1953002

South Central Wisconsin Multiple Listing Service

APN: 0710-073-1026-3