4 months on rocket

405 Washburn Pl, Madison, WI, 53703

$610,000

Home List Price

$7,244*

Closing Credit

0 Baths
House
Schools Nearby

Location

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405 Washburn Pl, Madison$610,000

Buyer Closing Credits

$7,244*

1.25% Loan Amount

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Property Highlights

ParkingOutside
Year Built1907
HeatingForced Air, Natural Gas
CoolingCentral Air
BasementYes
MLS #1968080
Lot Size0.12 Acres
StatusActive

About 405 Washburn Pl

4 unit rental property located near the intersection of W. Gorham St. and Washburn Place just one block from Lake Mendota. Highly desirable location just one mile from downtown Madison and walking distance to many local restaurants, entertainment, Festival Foods and other retailers. Units 405 & 407 Washburn Place are both 500 sq.ft. studios with 1 bath each. Units 407 & 409 Washburn Place are both 650 sq.ft. with 1 bed and 1 bath each. Fully leased out until 2025. The current total monthly rent is $3,920/month for the 2023-2024 rental season. Rents will increase to $5,065/month for the 2024-2025 rental season.

Property Details

Property Features

Property Information:

  • Year Built: 1907

Listing Office:

  • Office Name: Madison Property Management, Inc.
  • Office Phone: (608) 251-8777
  • Listing Agent: Jim Stopple

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Outside

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • East High School, Public District Grades 9-12
  • Georgia O'Keeffe Middle School, Public District Grades 6-8
  • Marquette Elementary School, Public District Grades 3-5

Other

Directions Information:

  • Directions: E. Gorham St., to Washburn Place

Municipality:

  • Madison

Price Information

Listing Price Info

Price Summary:

  • List Price: $610,000
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Housing Market Comparison

See how this home compares to others in Madison, WI.

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Madison, WI

City

Med. Sold Price

$390.7K

Med. Price/SqFt

$228

# of Sold Homes

164

405 Washburn Pl vs Madison

145 DAYS ON ROCKET

$610,000

+$219.2K More

KEY TAKEAWAY

This property is $219.2K more than the Median Sold Price in Madison, WI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: WIREX_SCW
  • MLS Number: #1968080

Listing Office:

  • Office Name: Madison Property Management, Inc.
  • Office Phone: (608) 251-8777
  • Listing Agent: Jim Stopple

© 2024 WIREX - All Rights Reserved.

Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,112

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,895

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2234336
7
/10

  • Marquette Elementary School

  • 1501 Jenifer St

  • 1.05 miles

  • Public District Grades 3-5

Middle School

school-card-donut-2234337
4
/10

  • Georgia O'Keeffe Middle School

  • 510 S Thornton Ave

  • 1.08 miles

  • Public District Grades 6-8

High School

school-card-donut-2234338
5
/10

  • East High School

  • 2222 E Washington Ave

  • 1.48 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,474. Most Madison, WI residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 405 Washburn Pl

What is the listing price of this property?

The listing price of 405 Washburn Pl property is $610,000.

What type of property is this?

The property 405 Washburn Pl is a house located in Madison, Wisconsin, 53703.

Is this property for sale now?

Active Listing: 405 Washburn Pl is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 405 Washburn Pl are:
Marquette Elementary School: GreatSchools Rating 7/10
Georgia O'Keeffe Middle School: GreatSchools Rating 4/10
East High School: GreatSchools Rating 5/10

Which year was this property built?

The year of construction for 405 Washburn Pl is 1907.

Rocket Homes›Wisconsin›Dane County›Madison›53703›405 Washburn Pl

This home is located at 405 Washburn Pl in Madison, WI and zip code 53703 in the Tenney-Lapham neighborhood. This home, which was built in 1907, sits on a 0.12 acre lot. It has been listed on Rocket Homes since December 05, 2023 and is currently priced at $610,000.

While more than 98 listings in Madison, WI in March 2024 were sold above asking price, there were more than 31 listings sold at asking price, and more than 35 were sold below. Between February 2024 and March 2024, Madison, WI real estate market has seen increase in the number of listings by 14.3%.

From Rocket Homes Real Estate and based on county public records data.

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