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Carpenter-Ridgeway Home for Sale

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    $350,000

    • 1,700 Sq Ft

    816 Melvin Ct Unit 1, Madison, WI 53704

    Tired of staring at those sad, Frankenstein'd old houses turned into multifamily mishmashes? Buckle up, because here's the magic phrase that'll make your real estate heart skip a beat: TWO-FLAT FOR SALE IN MADISON! Whether you're an owner-occupant dreaming of your perfect pad or a savvy investor plotting your empire, this is a great fit. Both units will be delivered vacant. No awkward tenant

    Gordon Stebbings Wisco Real Estate Sales

    816 Melvin Ct Unit 1, Madison, WI 53704

Why Live in Carpenter-Ridgeway

Carpenter-Ridgeway is a Madison neighborhood that's just a 5-mile drive from downtown. This area features a mix of commercial activity and residential spaces. Housing options include side-by-side duplexes, townhouses, Cape Cods, colonials, Arts and Crafts designs, and ranch-style homes. The neighborhood's amenities include Carpenter-Ridgeway Park, which offers a playground, an open playfield and access to the Starkweather Creek Path. A 3-mile trail, the Starkweather Creek Path leads to The Bridges Golf Course, which is an 18-hole circuit with a clubhouse that serves a popular Friday fish fry. Residents can also enjoy restaurants such as Brothers Three Bar & Grill and La Taguara, a Venezuelan eatery. Retail options include Retro Revolution, an antique store, and nearby chains like Pick 'n Save and Walgreens. The Madison Metropolitan School District serves the neighborhood, and the well-rated East High is close by. The neighborhood benefits from its proximity to the Dane County Regional Airport, and bike paths connect to other parts of Madison. Carpenter-Ridgeway has a moderate risk of flooding and fires, and water pollution in Starkweather Creek has been a concern.

Frequently Asked Questions

Is Carpenter-Ridgeway a good place to live?
Carpenter-Ridgeway is a good place to live. Carpenter-Ridgeway is considered somewhat walkable and very bikeable with some transit options. Carpenter-Ridgeway is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Carpenter-Ridgeway has 7 parks for recreational activities. It is somewhat dense in population with 8.2 people per acre and a median age of 39. The average household income is $62,395 which is below the national average. College graduates make up 41.1% of residents. A majority of residents in Carpenter-Ridgeway are renters, with 59.1% of residents renting and 40.9% of residents owning their home. A local real estate agent serving Carpenter-Ridgeway can help you decide if this neighborhood is the right one for you. Learn more on our Carpenter-Ridgeway neighborhood guide.
Is Carpenter-Ridgeway, WI a safe neighborhood?
Carpenter-Ridgeway, WI is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Carpenter-Ridgeway?
The median home price in Carpenter-Ridgeway is $321,950. If you put a 20% down payment of $64,400 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $1,590 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $68K a year to afford the median home price in Carpenter-Ridgeway. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Carpenter-Ridgeway is $62K.
What are the best public schools in Carpenter-Ridgeway?
The best public schools that serve Carpenter-Ridgeway are:
  • East High School has a B+ Niche grade, a student teacher ratio of 15:1 and an average review score of 3.5.
  • O'Keeffe Middle has a B+ Niche grade, a student teacher ratio of 13:1 and an average review score of 3.0.
  • Hawthorne Elementary School has a C+ Niche grade and a student teacher ratio of 10:1.
What are the best private schools in Carpenter-Ridgeway?
The best private schools that serve Carpenter-Ridgeway are:
What are the most popular zip codes in Carpenter-Ridgeway, Madison, WI?
The most popular zip codes in Carpenter-Ridgeway, Madison, WI include 53704, 53714, 53593, 53716 and 53703.
What are the most popular neighborhoods near Carpenter-Ridgeway, Madison, WI?
The most popular neighborhoods near Carpenter-Ridgeway, Madison, WI are Eken Park, Atwood, Emerson East, Eastmorland and Sherman.
Are home prices dropping in Carpenter-Ridgeway?
Yes, home prices in Carpenter-Ridgeway are down 11% in the last 12 months.

Home Trends in Carpenter-Ridgeway, WI

Housing Trends

Median Sale Price
$328,000
Median Single Family Sale Price
$326,000
Median 2 Bedroom Sale Price
$330,000
Average Price Per Sq Ft
$234
Number of Homes for Sale
0
Last 12 months Home Sales
4
Months of Supply
0.00
Median List Price
$321,950
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
0%
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