Seller's Agent in 2025
Lori Schilling
Sprinkman Real Estate
(608) 279-4313
7 in this area
285 Total Sales
402 Rustic Dr Madison, WI 53718
East Madison Neighborhood
10
Beds
8.5
Baths
9,721
Sq Ft
1.17
Acres
Highlights
- Second Kitchen
- Open Floorplan
- Recreation Room
- 1.17 Acre Lot
- Deck
- Vaulted Ceiling
About This Home
As of May 2025This opportunity does not come around often-This property has so much potential! With 10 bedrooms, it can accommodate a large family, be used for a residence and income from STR, or so much more. As a former adult family home, it has multiple suites for so many uses. A huge park-like yard with mature trees lining the property, an oversized screened porch to relax in, a basketball court, and 2 full kitchens, circle driveway, garden shed- the choices are endless!
Last Agent to Sell the Property
Sprinkman Real Estate License #81122-94 Listed on: 12/02/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,411
Year Built
- Built in 2001
Lot Details
- 1.17 Acre Lot
- Level Lot
- Property is zoned R1
Home Design
- Ranch Style House
- Poured Concrete
- Vinyl Siding
- Stone Exterior Construction
Interior Spaces
- Open Floorplan
- Wet Bar
- Vaulted Ceiling
- Gas Fireplace
- Great Room
- Recreation Room
- Home Gym
- Home Security System
Kitchen
- Second Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Radiant Floor
Bedrooms and Bathrooms
- 10 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- Primary Bathroom is a Full Bathroom
- Bathroom on Main Level
- Hydromassage or Jetted Bathtub
- Jetted Tub and Shower Combination in Primary Bathroom
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Garage Access
- Basement Ceilings are 8 Feet High
- Sump Pump
- Basement Windows
Parking
- 1 Car Attached Garage
- Driveway Level
Accessible Home Design
- Roll-in Shower
- Grab Bar In Bathroom
- Accessible Approach with Ramp
- Low Pile Carpeting
Outdoor Features
- Deck
- Patio
- Outdoor Storage
Schools
- Kennedy Elementary School
- Whitehorse Middle School
- Lafollette High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Water Softener
- Cable TV Available
Community Details
- Built by Kirch
- Rustic Acres Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 2, 2024
Closed on
May 9, 2025
Sold by
Emerson Senior Living Llc
Bought by
Urkato Negalign Mamo and Alzubaidi Mothana
Seller's Agent
Lori Schilling
Sprinkman Real Estate
Buyer's Agent
Musa Jallow
Restaino & Associates
List Price
$1,495,000
Sold Price
$1,300,000
Premium/Discount to List
-$195,000
-13.04%
Views
303
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,423
Avg. Annual Appreciation
1.10%
Original Mortgage
$1,300,000
Outstanding Balance
$1,297,711
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$6,712
Purchase Details
Closed on
Jul 13, 2022
Sold by
Wyndora Homes Llc
Bought by
Emerson Senior Living Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,061,250
Interest Rate
5.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 16, 2018
Sold by
Stone Travis P
Bought by
Wyndora Homes Llc
Purchase Details
Listed on
Jul 9, 2012
Closed on
Aug 2, 2012
Sold by
Gaber Randall J and Gaber Maureen F
Bought by
Stone Travis P
Seller's Agent
Michael Schuster
RE/MAX Preferred
Buyer's Agent
Mark Shulman
Vilas Realty
List Price
$478,900
Sold Price
$460,000
Premium/Discount to List
-$18,900
-3.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%
Original Mortgage
$414,000
Interest Rate
3.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 16, 2012
Sold by
Schlueter William M and Schlueter Shirley J
Bought by
Gaber Randall J and Gaber Maureen F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
3.98%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,300,000 | Knight Barry Title | |
| Warranty Deed | $1,030,000 | None Listed On Document | |
| Quit Claim Deed | -- | Knight Barry Title | |
| Warranty Deed | $460,000 | None Available | |
| Deed | $69,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,300,000 | New Conventional | |
| Previous Owner | $1,061,250 | New Conventional | |
| Previous Owner | $150,000 | Commercial | |
| Previous Owner | $650,000 | Commercial | |
| Previous Owner | $322,000 | Unknown | |
| Previous Owner | $414,000 | Commercial | |
| Previous Owner | $139,000 | Commercial | |
| Previous Owner | $415,000 | New Conventional | |
| Previous Owner | $341,563 | Credit Line Revolving | |
| Closed | $306,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2025 05/09/25 | Sold | $1,300,000 | -10.7% | $134 / Sq Ft |
| 01/14/2025 01/14/25 | Price Changed | $1,455,000 | -2.7% | $150 / Sq Ft |
| 12/04/2024 12/04/24 | For Sale | $1,495,000 | +15.0% | $154 / Sq Ft |
| 12/04/2024 12/04/24 | Off Market | $1,300,000 | -- | -- |
| 12/02/2024 12/02/24 | For Sale | $1,495,000 | +225.0% | $154 / Sq Ft |
| 08/03/2012 08/03/12 | Sold | $460,000 | -3.9% | $70 / Sq Ft |
| 07/09/2012 07/09/12 | Pending | -- | -- | -- |
| 07/09/2012 07/09/12 | For Sale | $478,900 | -- | $73 / Sq Ft |
Source: South Central Wisconsin Multiple Listing Service
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $35,763 | $1,030,000 | $130,000 | $900,000 |
| 2023 | $18,411 | $1,030,000 | $130,000 | $900,000 |
| 2021 | $19,024 | $903,000 | $100,000 | $803,000 |
| 2020 | $20,015 | $903,000 | $100,000 | $803,000 |
| 2019 | $19,101 | $860,000 | $100,000 | $760,000 |
| 2018 | $18,110 | $816,000 | $99,500 | $716,500 |
| 2017 | $17,093 | $742,000 | $99,500 | $642,500 |
| 2016 | $17,557 | $742,000 | $90,500 | $651,500 |
| 2015 | $17,762 | $685,600 | $90,500 | $595,100 |
| 2014 | $16,401 | $685,600 | $90,500 | $595,100 |
| 2013 | $10,466 | $460,000 | $90,500 | $369,500 |
Source: Public Records
Agents Affiliated with this Home
-
Lori Schilling
-
Musa Jallow
Buyer's Agent in 2025
Musa Jallow
Restaino & Associates
(608) 446-2210
33 in this area
136 Total Sales
-
Michael Schuster
Seller's Agent in 2012
Michael Schuster
RE/MAX
(608) 225-2785
5 in this area
72 Total Sales
-
Mark Shulman
M
Buyer's Agent in 2012
Mark Shulman
Vilas Realty
(608) 347-8247
6 Total Sales
Map
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 1990296
APN: 0710-024-0192-6
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