Investment property

Lake & City Homes is proud to announce its new downtown Madison condo listing located at 309 N. Blount Street, unit A. The largest unit in the building, this ranch style condo located on the first floor of Victorian Hill Condominiums features 9' foot ceilings, an open floor plan, spacious Master suite with jetted tub, and reading/computer nooks in both the living room and Master bedroom. The Master bedroom also has a private back entrance, a great feature if you're considering sharing.

This great unit comes fully appointed with all kitchen appliances including an ultra-quiet Bosch dishwasher, new disposal, newer microwave, private first-floor laundry, and underground parking with storage shelves. Note that the unit had a new Armstrong furnace/AC unit

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Lake & City Homes Realty is proud to announce our new listing located at 2006 Barber Drive on beautiful Lake Kegonsa! This spacious, fully renovated home sits on 67' of pristine sandy-bottom lakefront with panoramic views of Lake Kegonsa. Located at the end of the chain of lakes, Lake Kegonsa is a quieter lake that boasts some of the best fishing in the area. This tastefully updated home features 4 bedrooms, 3 full baths, a large eat-in kitchen, living room with wall of windows, master suite with walk-in closet and huge bathroom including a clawfoot tub. The spacious family room in the walk-out lower level features a wood-burning stove and French doors leading to a large office. Relax on your beautiful back deck, the pier, or the hammock, or hang out in…

Here's your opportunity to snatch up a well-priced 3 bedroom, 1.25 bath pre-foreclosure with 1.5 garage in the low tax Town of Blooming Grove. Located at 304 Memphis Avenue in the Fair Oaks subdivision on Madison's East Side, this home requires some TLC and yet boasts some expensive updates: a new roof on both the house and garage, some newer mechanicals, new hand-crafted 6-panel doors, and new wainscotting in the finished lower level. Note: the formal dining room is being used as a third bedroom which is also handicap-accessible. This home features a large eat-in kitchen, ample overall square footage, a flexible floorplan, and is located on a quiet sidestreet across from Worthington Park and within walking distance to the Hawthorne library, a fitness

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Looking for something great to go with your morning coffee? Lake & City Homes Realty is proud to announce a new page called Madison's New Listings designed to help you quickly drill down on the newest listings to have gone on the SCWMLS over the previous 24 hours for properties located in Madison WI. Simply go to the Listings tab (or the Buyers tab) at the top of the home page and choose "Madison's New Listings" from the drop-down menu or choose the link entitled "Madison's New Listings" under Popular Searches on the right-hand side of the home page. Be sure to check this new listings page frequently - that way you'll be one of the first to know about the latest property listings (homes, condos, and other real estate for sale) to go on the market in…

Lake & City Homes Realty is proud to announce a new page called All Today's New Listings designed to help you quickly focus in on the newest listings to go on the South Central WI MLS during the previous 24 hours. Simply go to the Listings tab (or the Buyers tab) at the top of the home page and choose "All Today's New Listings" from the drop-down menu or choose the link entitled "ALL Today's New Listings" under Popular Searches on the right-hand side of the home page.

Be sure to check this new listings page frequently - that way you'll be one of the first to know about the latest property listings (homes, condos, and other real estate for sale) to go on the South Central WI MLS and you'll be seeing those listings before they hit the national listings

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After what has amounted to a real dry spell, this week has reaped more calls about  income property than about any other type of real estate in months. Specifically, I've been getting a lot of calls about owner-occupied income property. My question is: could this signal the beginning of a turnaround in Madison WI income property?

There were 87 income properties sold in Madison in 2008. That's an implied absorption rate of about 7.25 properties sold per month. The median sales price was $233K. So far this year, there have been 7 sales of income property in Madison at a median price of $191,666. So the median price is down and so far this year the absorption rate is down too. At the moment it's .583 properties per month. Admittedly not very impressive.

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