Listed by Trish Schaefer • American, REALTORS. Bought with Real Broker.
Off Market May 2022 for $475K
$580,027
Est. refi paymentEst. refi$1,673/mo
4
bd
•
2 ba
•
2,200
sq ft
1027 Drake St, Madison, WI 53715
About this home
Public Remarks: One of the finest homes built in the area and can easily convert back to 3/4 bedroom single family w/ Lake Views by simply opening a door. In an ideal location close to bus route, downtown and everything Madison has to offer. Sweet view of Lake Monona from the front yard! Two bedrooms on the main floor. Upstairs "living room" can easily be converted to a 4th bedroom or keep it as a den/family room or office. Backyard offers convenient alley access. Lots of parking available off the alley. All of the major components have been updated on the exterior in about 2010 including roof, siding windows, insulation & new rubber membrane roofing. Lovely front porch, first floor screened deck & 2nd level deck. Additional potential income from parking spaces and basement storage rental.
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Earn from this home
Refinance
$0
Est. cash available
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Market trends in 53715, WI
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-List Price
100.9%
1.3% MoM
Median sale price
$433K
$44K MoM
Avg. days on market
30d
12 days MoM
Recently sold homes
16
1 MoM
Provided by Redfin
Sale history for 1027 Drake St
Date
Event
Price
Public Records
May 9, 2022
Sold
$475,500
$216/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,155 (+15.3%)
$176,900 + $387,000
$563,900
2024
$8,805 (+2.8%)
$176,900 + $340,400
$517,300
2023
$8,567 (+0.6%)
$136,100 + $337,400
$473,500
2022
$8,515 (+3.3%)
$129,600 + $304,400
$434,000
2021
$8,245 (+3.3%)
$116,800 + $270,700
$387,500
2020
$7,982 (+3.6%)
$116,800 + $242,000
$358,800
2019
$7,703 (+9.3%)
$112,300 + $232,700
$345,000
2018
$7,050 (+5.3%)
$104,000 + $212,500
$316,500
2017
$6,696 (+5.2%)
$104,000 + $186,400
$290,400
2016
$6,366 (+8.8%)
$96,300 + $172,600
$268,900
2014
$5,853 (−2.5%)
$79,700 + $161,900
$241,600
2013
$6,001
$74,500 + $167,100
$241,600
Tax history for 1027 Drake St
Year
Property tax
Land + Additions
Assessment*
2025
$10,155 (+15.3%)
$176,900 + $387,000
$563,900
2024
$8,805 (+2.8%)
$176,900 + $340,400
$517,300
2023
$8,567 (+0.6%)
$136,100 + $337,400
$473,500
2022
$8,515 (+3.3%)
$129,600 + $304,400
$434,000
2021
$8,245 (+3.3%)
$116,800 + $270,700
$387,500
2020
$7,982 (+3.6%)
$116,800 + $242,000
$358,800
2019
$7,703 (+9.3%)
$112,300 + $232,700
$345,000
2018
$7,050 (+5.3%)
$104,000 + $212,500
$316,500
2017
$6,696 (+5.2%)
$104,000 + $186,400
$290,400
2016
$6,366 (+8.8%)
$96,300 + $172,600
$268,900
2014
$5,853 (−2.5%)
$79,700 + $161,900
$241,600
2013
$6,001
$74,500 + $167,100
$241,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
5,998 Sq. Ft.
Year renovated
1897
Sq. Ft.
1,572
Year built
1897
Style
Multi-Family (5+ Unit)
County
Dane County
APN
070923316058
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 6, 2026.
TR-C3
TOD
Traditional Residential-Consistent 3 District
The TR-C Districts are established to stabilize, protect and encourage throughout the City the essential characteristics of the residential areas typically located on the Isthmus, near East and near West portions of the City, and to promote and encourage a suitable environment for family life while accommodating a full range of life-cycle housing. 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.
Zone overlays
Transit Oriented Development Overlay District
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Retail-Grocery
Housing-Group
Housing-Single unit
Public service
Fire house
Police station
Communications tower
Park & open space
Dec 26, 2023 • Final
Repair or replace building
Kitchen
Remodel
Aug 22, 2023 • Final
Repair or replace electrical
Electrical
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.
Property details
Interior
Bedroom Information
Master Bedroom Dimensions: 12 x 13
Master Bedroom Level: Main
Bedroom 2 Dimensions: 12 x 13
Bedroom 2 Level: Main
Bedroom 3 Dimensions: 12 x 13
Bedroom 3 Level: Upper
Bedroom 4 Dimension: 16 x 18
Bedroom 4 Level: Upper
Bathroom Information
Bath Description(s): No Master Bedroom Bath
# of Baths (Full): 2
Interior Features
Wood or Simulation Wood Floors, High Speed Internet