Listed by Joshua Pelletter • Rockwood Realty Group.
For sale
$480,000
Est. $3,269/mo —
5
bd
•
3 ba
•
—
sq ft
1013 Colby St, Madison, WI 53715
About this home
First time on the market in 30 years! Great investment opportunity in popular Madison location. 3 total units, (2) two bedroom/ 1 bath units and (1) one bedroom/ 1 bath unit. Detached garage currently used for storage, huge backyard. Unit 2 & 3 are currently being left vacant for possible owner occupied purchase.
Jordan Armentrout • Pinnacle Real Estate Group LLC
Around this home
Schools
K - 12
Preschool & daycare
Franklin Elementary School
Public PreK-2 • Assigned • 0.2mi
Hamilton Middle School
Public 6-8 • Assigned • 3.9mi
8/10
West High School
Public 9-12 • Assigned • 2.4mi
9/10
Provided by GreatSchools
About Bay
Creek
Bay Creek, located between Monona Bay and Park Street, is a lakeside and residential Madison neighborhood with a shoreline path and a mix of early-20th-century homes. The neighborhood’s character concentrates around the Park Street corridor near Olin Park, where taquerias, coffee counters, and small storefronts meet steady bike traffic. The Bay Creek Neighborhood Association anchors local civic life, while Goodman Community Center and the Goodman South Madison Library add a cultural and community-services backbone nearby. Streets of bungalows and modest cottages sit beside newer infill, with porches and compact lots shaping a walkable feel. Monona Bay’s water views and the Capital City Trail set the daily rhythm for commuting and weekend loops. Olin Park’s open lawns and boat launch keep the shoreline active through the seasons.
Provided by Walk Score and Local Logic
Offer insights
1013 Colby St · $480,000
$484K and above
75% chance or better to win
Why $484K+ is a strong offer
DAYS ON MARKET
26 days
The average home goes pending in 45 days.
SALE-TO-LIST
99.5%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Full basement
Separate electric meters
Bedrooms
Unit 1: 2 bedrooms
Unit 2: 2 bedrooms
Unit 3: 1 bedroom
Bathrooms
Unit 1: 1 full bath
Unit 2: 1 full bath
Unit 3: 1 full bath
Kitchen
Unit appliances included: 3 oven/ranges, 3 refrigerators, 3 dishwashers
Laundry & utility
1 washer and 1 dryer included
Natural gas heating fuel
Heating & cooling
Forced air heating
Exterior features
Vinyl and wood exterior
Lot size about 0.21 acre
Subdivision: Oak Grove
Home design
Multi-family property (2-flat)
3+ story building
Parking
2 outdoor parking spaces
Detached 1-car garage
Construction
Vinyl and wood exterior construction
Information source for year built: Assessor/Public Record
The TR-V Districts are established to stabilize, protect and encourage throughout the City the essential characteristics of mature residential areas and to accommodate a full range of life-cycle housing while encouraging a suitable environment for family life. The districts are also intended to: Promote the preservation, development and redevelopment of traditional residential neighborhoods in a manner consistent with their distinct form and residential character; Ensure that new buildings and additions to existing buildings are designed with sensitivity to their context in terms of building placement, facade width, height and proportions, garage and driveway placement, landscaping, and similar design features; Maintain and improve the viability of existing housing of all types, while providing for updating of older housing in a context-sensitive manner; Maintain or increase compatibility between residential and other allowed uses, and between different housing types, where permitted, by maintaining consistent building orientation and parking placement and screening; Facilitate the preservation, development or redevelopment goals of the comprehensive plan and of adopted neighborhood, corridor or special area plans.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Retail-Grocery
Housing-Group
Housing-Single unit
Housing-Multiple units
Fire house
Police station
Communications tower
Park & open space
Feb 14, 2020 • Final
Repair or replace hvac
HVAC
Dec 1, 2014 • Final
Building repair or replace, or 1&2 family alteration
Replace existing windows.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 99° expected this year, 14 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Madison, WI • 53715
Average low and high temperatures (°F)
26
12
34
19
51
32
60
42
69
49
79
62
83
68
78
63
76
57
65
48
47
35
32
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 3.5 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
3.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1013 Colby St
$477,656
$2,344 under list price of $480K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $510K to $925K.