4721 Femrite Dr, Madison, WI, 53716
About This Home
Previous buyers' intended use of the property was not permitted under the City of Madison's current zoning regulations. The property is available, and buyers are encouraged to verify that their intended use complies with applicable zoning requireme opportunity to own a charming ranch home with an incredible 3,200+ sq. ft. heated attached workshop/garage! Situated on just under a half-acre, the home offers 2-3 bedrooms, 2 baths, a wood-burning fireplace, a sunroom, and a finished lower-level rec room with a second fireplace. The oversized heated garage includes office space and a bathroom, making it ideal for auto collectors, hobbyists, contractors, woodworking, online businesses needing shipping/storage, or anyone looking for exceptional workspace. Plenty of room for classic cars, boats, RVs, trailers, and equipment. Zoned for full residential or full commercial use. Conveniently located minutes from Lake Monona, Lake Kegonsa, the Beltline, and Interstate access. --
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1954
Materials
- Foundation: Poured concrete foundatn
- Construction materials: Vinyl Siding,Stone
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Washer,Dryer
- Laundry features: Lower Level
Basement
- Has basement: Yes
- Basement: Full,Partially Finished,Daylight,Laundry hookups
Bedroom2
- Level: Main
- Area: 110
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Family Room
- Area: 238
Features
- At Least 1 tub,Internet - 5G Installed,Ceiling Fan(s),Entrance Foyer,Office Exterior Entry,Sun Room
- Window features: Window Coverings
- Number of fireplaces: 2
- Fireplace features: Wood Burning,2 fireplaces
- Fireplace: Yes
- Finished area above ground: 1,811
Heating & Cooling
- Heating features: Forced Air,Other Heating/Cooling,Baseboard
- Cooling features: Central Air,Other Heating/Cooling
Interior Area
- Total structure area: 2,196
- Total interior livable area: 2,196 sqft
Kitchen
- Features: Range/Oven,Refrigerator,Dishwasher,Microwave,Disposal
- Level: Main
- Area: 132
Living Room
- Level: Main
- Area: 364
Master Bedroom
- Level: Main
- Area: 168
Property
Details
- Parcel number: 071022302972
- Zoning: see note
- Exclusions: sellers personal property
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 0.39 Acres
- Features: Near Public Transit
- Lot size dimensions: 130x140
Parking
- Total spaces: 9
- Parking features: 2 car,Additional Parking,Attached,Heated Garage,Garage Door Opener,4+ car,Additional Garage,Insulated,Workshop in Garage
- Has garage: Yes
- Attached garage spaces: 5
- Covered spaces: 5
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Tornado
- Heat Wave
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Wisconsin Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,528 | $30,336 |
| Home Insurance * | $153 | $1,836 |
| Property Taxes | $785 | $9,420 |
| Electricity | $206 | $2,476 |
| Total | $3,672 | $44,064 |
Income You'd Need if You Spent...
Wisconsin FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-18 | Contingent | $500,000 |
| 2026-07-23 | Price change | $500,000 |
| 2026-06-16 | Price change | $550,000 |
| 2026-05-23 | Listed for sale | $575,000 |
| 2026-04-13 | Contingent | $575,000 |
| 2026-02-27 | Price change | $575,000 |
| 2025-08-24 | Listed for sale | $550,000 |
| 2000-02-22 | Sold | $184,000 |
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