1674009 Active Lots & Acreage Price: $2,135,000 1402 Reiner Rd City Madison E08 County: Dane Mailing City: Madison Subdivision: WI 53718 --------------------------------------------------------------------------------------------------- Total Acreage: Wooded Acres: 61.10Plat Map/Survey 5.00 Price/Acre: Price/SqFt: $34,942.72 Pasture Acres : Tillable Acres: Wetland Acres: 45.00 45.00 0.00 Number of Lots: Lot Number(s): Section Number: 0 N/A 35 Show Date: Directions: E. on Hwy 30 to Thomposn Dr. exit North; E on Hwy.T 3/4 mi to Reiner Rd.; N about 3/4 mi. to site. Lot Size: 61.1 Acres Est. Lot SqFt: 2,661,500 School District: Sun Prairie Feet WaterFront: Utilities Avail: Yes Specific Builder Required: No Elementary: Middle: High: Creekside Patrick Marsh Sun Prairie Improvements: Yes Special Assessment: No Legal Description: Parcel #: Zoning: Owner: Metes & Bounds 0810-351-0103-9 Ag Wood Madison Corp. Land Assessmnt: Improvements: Total Assessmnt: $ $ $ 481,900 351,220 833,120 / 2014 Net Taxes: $ 22,566 / 2014 Type City Present Zoning Agricultural Utilities Avail. (To Lot) Natural gas, Electricity, Telephone, Cable, Some underground Water System Municipal water available Waste Disposal Municipal sewer available Road Blacktop/Asphalt Improvements Other Purchase Options Sell entirely Special Assessments None Available Info Can be divided, Topography map, Land use plans Miscellaneous N/A Terms Cash Occupancy At Closing Miles to Capitol 0-10 miles Farm Features Livestock Farm, Crop Farm Waterfront N/A Lake/River Lot Description Other Features Wooded, Tillable, Pasture Topography Level 61.1 acre development property in the City of Madison price reduced. City approved neighborhood plan. Engineering and Vandewalle development plan included (149 S.F.; 4 Dup.; 71 MDU's). 2 houses, barns and 45+/- acres rented. Municipal services available at Reiner Rd. This is a very serious development opportunity for a 1031 exchange, developer, or builder or group of builders. This plan extensively engineered and informally approved by city is ready to go. Beat all other developers in the area. Rent coverage 'til development is ready. List Agent: John DeWitt 608-245-1500 Sale Agent: F: jdewitt@jdewitt.com DeWitt Real Estate Development 608-245-1500 Madison WI 53704-7601 Fax #: 608-663-8284 5375 N Mariners Cove Dr Unit 112 CoList: Sold Price: Concessions: List Date: 1/21/2013 Expiration Date: 12/31/2016 Subagent Comm: 3% BuyerAgent Comm: 3% Days On Market: 756 AO Date: Closing Date: Financing: Electronic Consent: Yes Exclusive Agency: Yes Licensee Interest: Yes Limited Service: No Multiple Rep: DA Named Exceptions: Yes Policy Letter: No Variable Comm: No Sale Factors: Accuracy of information is not guaranteed and should be verified by buyer if material. Equal Housing Opportunity listing. Copyright 2015 SCWMLS 1402 Reiner Rd $2,135,000 1674009 Printed By: John DeWitt 02/16/2015 01:34 PM Not for Public Distribution
DEWITT REAL ESTATE DEVELOPMENT 61 ACRES DEVELOPMENT LAND EAST MADISON Property is offered for sale at $2,135,000 or seller will develop with interested builder partners. This property is approximately 61.1 acres in the City of Madison. The property includes two single family residences, farm outbuildings and land all fully rented and all sold as is, where is. The property is annexed to the City and addressed as 1302-1430 Reiner Rd. The property is part of the fully approved Northeast Neighborhood planning area for the City of Madison. The plan is approved for the following: Single family 165 units Duplex 4 lots (8 units) Multi family 71 units The property is listed at $ $2,135,000, well below the last bank appraisal and comes with considerable engineering, planning and development materials. Upgrading of Reiner Rd. was done in 2010 and sewer and water are immediately available. Rolling terrain promises easy development improvements. The property is very close to East Towne and has very easy access to I- 94 to Milwaukee. Reiner Rd. is now the connecting road to Prairie Lake development area in Sun Prairie (CostCo, Woodman s, Cabela s, etc.) which is only about 3 mi. from the site. This is a great location and a great opportunity for serious developers or investors looking for exchange properties. Broker, John DeWitt, is a principal of Seller Wood Madison Corp. 6% listing; 3% co-broke. 5 3 7 5 M a r i n e r s C o v e D r. # 1 1 2, M A D I S O N, W I 5 3 7 0 4 T e l. 6 0 8. 2 4 5. 1 5 0 0 C e l l 6 0 8-5 7 5-0 7 6 2 j d e w i t t @ j d e w i t t. c o m
Madison 1302-1430 Reiner Rd. City Dane Feb. 16 2015
DON'T KNOW Notwithstanding owners lack of actual knowledge concerning fuel tanks and manure storage facilities (C. 9 and C.26) the property is and has been an acitve farm for many years and fuel tanks or manure storage may have been present at an earlier time. John R. DeWitt, Pres., Wood Madison, Corp. 2/16/2015 Electronic signature, authenticity guaranteed.