Listed by Hansen Home Team • Real Broker LLC (Pref: 608-219-6506).
For sale
$399,900
Est. $2,787/mo —
5
bd
•
2.5 ba
•
2,882
sq ft
4990 Bultman Rd, Madison, WI 53704
Price drop
List price was just lowered by $25K. Tour it before it's gone!
Tomorrow:
About this home
Rare opportunity on Madison's east side! Situated on a spacious 1-acre lot, this versatile property offers nearly 3,000 sqft of finished living space and exceptional income-producing potential. The home features 5 bdrms, 2.5 baths, multiple living areas, a large kitchen with a gas range, and inviting outdoor spaces including a front deck & backyard patio. Investors & owner-occupants alike will appreciate the potential for up to 3 rental opportunities: the ML residence, a LL with private entrance, & future living quarters above the detached garage. A detached 2-car garage plus an add?l 1.5-car garage provide abundant storage or workshop space. Whether you're seeking a spacious home, an income-generating property, or a unique multi-use opportunity, this one delivers endless possibilities!
Ridgewood, located between Lake Mendota and the University of Wisconsin–Madison campus, is a residential and lakeside Madison neighborhood with winding streets and mature tree canopy. The neighborhood’s character concentrates around the University Bay Drive and Marshall Court area, where shoreline paths, sailboats, and a steady flow of walkers set a relaxed, outdoors-forward tone. Mid-century homes and classic campus-era architecture sit on gently rolling lots, with pockets of wooded edges near the lake. University Bay Fields and the Lakeshore Path shape daily routines with open green space and water views. The UW Lakeshore Nature Preserve adds boardwalks, prairie, and birdlife close to home. Picnic tables and lake breezes at the Memorial Union Terrace serve as a cultural anchor nearby.
Provided by Walk Score and Local Logic
Market insights
4990 Bultman Rd · $399,900
DAYS ON MARKET
108 days
The average home goes pending in 55 days.
SALE-TO-LIST
99.2%
Most homes are selling 1% below list price.
LIST PRICE
$425,000
Median list price in this area is $481,455. (13% higher than this home)
PRICE DROP
5 price drops
19% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Water softener
Cable/satellite available
Foyer
Main-level living room and family room
Bedrooms
Five bedrooms: three on the main level and two on the lower level
Bathrooms
Two full bathrooms and one half bathroom
Primary bedroom bathroom
At least one bathtub
Kitchen
Kitchen island
Range/oven, refrigerator, and microwave
Laundry & utility
Washer and dryer
Heating & cooling
Forced-air heating
Central air
Natural gas
Exterior features
Deck
Patio
Fenced yard
Home design
Single-family home
One story
Parking
Three garage parking spaces
Attached and detached garages
Construction
Vinyl and brick exterior
Utilities
Well water
Private septic system
Electricity and solar
View estimated energy costs and solar savings for this home
The SFR-1 Single-Family Residential 1 district is designed to: Provide for single-family residential principal uses, compatible home occupations, and residential accessory buildings, appropriate to a suburban or rural subdivision setting, on lot sizes of one to two acres. The SFR-1 district accommodates uses which are compatible with residential uses, are typically found in a suburban neighborhood.; Such uses typically generate traffic, noise or other impacts similar to those produced by a single-family residence.
Permitted uses
Include but are not limited to:
Agriculture
Park & open space
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 98° 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 • 53704
Average low and high temperatures (°F)
26
11
35
18
51
31
60
41
70
48
81
62
85
67
78
62
76
57
66
47
47
34
31
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Madison. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4990 Bultman Rd
$414,636
$15K over list price of $400K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $470K to $565K.