Looking for a turnkey investment opportunity? Olive Tree Residences presents a shovel-ready multifamily condominium development opportunity in Fitchburg, WI. PDD/SIP zoning approval was granted and recorded September 2025, providing certainty for the approved 20-unit program. Plans call for 2–3 bedroom units (approx. 1,700–2,500 SF) with 2.5–3.5 baths and attached 2-car garages—well positioned for strong absorption in a high-demand market. Significant entitlement, permitting, and due-diligence work has already been completed: all public utility permits (erosion control, stormwater, MMSD, WI DNR), Phase I ESA, geotechnical report, asbestos/mold remediation, and full site demolition/clearing. Engineering is complete; CAD files available. Construction bid interest secured. Recently combined parcels are approx. 2.28 acres. Significant upfront risk mitigated—ready for execution and capital deployment.
Lot/land
$1,500,000
2735 Rimrock Rd, Madison, WI 53713
--beds
--baths
2.28Acres
Unimproved Land
Built in ----
2.28 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- --
- on Zillow |
- 93
- views |
- 2
- saves |
Zillow last checked:
Listing updated:
Listed by:
Rachel Kvasnica,
Pinnacle Real Estate Group LLC
Source: SCWMLS,MLS#: 2021347
Facts & features
Property
Lot
- Size: 2.28 Acres
- Features: Near Public Transit, Corner Lot, Sidewalk
- Topography: Level
- Residential vegetation: Wooded
Details
- Parcel number: 070936393303
- Zoning: Res
- Zoning description: PUD,Single family
- Wooded area: 0
Utilities & green energy
- Sewer: Municipal sewer available
- Water: Municipal water available
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available
Community & HOA
Location
- Region: Madison
Financial & listing details
- Tax assessed value: $144,400
- Annual tax amount: $2,528
- Date on market: 4/22/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,330/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Listed for sale | $1,500,000 |
Source:  WIREX MLS #2021347 Report a problem | ||
| 4/21/2026 | Listing removed | $1,500,000 |
Source: WIREX MLS #2016317 Report a problem | ||
| 2/13/2026 | Listed for sale | $1,500,000+200% |
Source: WIREX MLS #2016317 Report a problem | ||
| 11/10/2022 | Sold | $500,000-9.1% |
Source: SCWMLS #1892459 Report a problem | ||
| 9/1/2022 | Contingent | $550,000 |
Source: WIREX MLS #1892459 Report a problem | ||
| 8/3/2022 | Listed for sale | $550,000-7.6% |
Source: WIREX MLS #1892459 Report a problem | ||
| 5/2/2018 | Listing removed | $595,000 |
Source: First Weber Inc #1824507 Report a problem | ||
| 3/14/2018 | Listed for sale | $595,000 |
Source: First Weber Inc #1824507 Report a problem | ||
| 5/8/2017 | Listing removed | $595,000 |
Source: First Weber Inc #1777581 Report a problem | ||
| 5/5/2017 | Listed for sale | $595,000+6.3% |
Source: First Weber Inc #1777581 Report a problem | ||
| 5/1/2015 | Listing removed | $559,900 |
Source: RE/MAX Preferred #1713150 Report a problem | ||
| 8/15/2014 | Price change | $559,900-2.6% |
Source: RE/MAX Preferred #1713150 Report a problem | ||
| 7/22/2014 | Listed for sale | $575,000+154.5% |
Source: Greater Madison Realty, LLC, dba RE/MAX Preferred #1713150 Report a problem | ||
| 12/12/2006 | Sold | $225,900 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,236 -13.3% | $72,200 |
| 2023 | $1,426 +3.5% | $72,200 +4.9% |
| 2022 | $1,378 +2.7% | $68,800 |
| 2021 | $1,342 -6.9% | $68,800 |
| 2020 | $1,442 -0.8% | $68,800 |
| 2019 | $1,453 0% | $68,800 |
| 2018 | $1,453 +0.5% | $68,800 |
| 2017 | $1,445 -5% | $68,800 |
| 2016 | $1,521 +0.9% | $68,800 |
| 2015 | $1,507 -0.2% | $68,800 |
| 2014 | $1,510 | $68,800 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | $1,817 -3.4% | $40,000 |
| 2005 | $1,881 | $40,000 |
| 2004 | $1,881 +0.6% | $40,000 |
| 2003 | $1,871 -8.2% | $40,000 |
| 2002 | $2,037 -2.3% | $40,000 |
| 2001 | $2,085 +1.4% | $40,000 |
| 2000 | $2,056 | $40,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Moorland-Rimrock
Nearby schools
GreatSchools rating
- 4/10Southside Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 5/10Sennett Middle SchoolGrades: 6-8Distance: 3.7 mi
- 6/10Lafollette High SchoolGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- Middle: Sennett
- High: Lafollette
- District: Madison
Source: SCWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $318,0001 bd2 ba900 sqft2735 Rimrock Rd, Madison, WI 53713Off Market
- $325,0003 bd1 ba1.2k sqft2725 Rimrock Rd, Madison, WI 53713Sold
- $298,900-- bd-- ba-- sqft2740 Rimrock Rd, Fitchburg, WI 53713Off Market
- $314,9003 bd1 ba1k sqft2801 Rimrock Rd, Fitchburg, WI 53713Sold
- $331,200-- bd-- ba-- sqft2750 Rimrock Rd, Madison, WI 53713Off Market
- $341,200-- bd-- ba-- sqft2720 Rimrock Rd, Fitchburg, WI 53713Off Market
- $330,500-- bd-- ba-- sqft86 Maloney Dr, Fitchburg, WI 53713Off Market
- $295,700-- bd-- ba-- sqft2819 Rimrock Rd, Fitchburg, WI 53713Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
Similar homes
- $795,0003.2 Acres500 Bergamont Blvd, Oregon, WI 53575Lot/Land
MLS ID #2016587, Michael Masella. SCWMLS - $1,500,00030 Acres/30ac Old Stone Rd, Brooklyn, WI 53521Lot/Land
MLS ID #2020128, Alex Weber. SCWMLS - $1,084,6443.49 AcresL5 Liuna Way, Deforest, WI 53532Lot/Land
MLS ID #1725835, Bob Carpenter. SCWMLS - $850,0000.76 Acres1003 Hillside Ave, Madison, WI 53705Lot/Land
MLS ID #2019649, Paul Haviland. SCWMLS - $1,225,0807.47 AcresProsperity Pl, Brooklyn, WI 53521Lot/LandMLS ID #2027015, Kevin Visel. SCWMLS
- $850,0003.15 AcresRidgeview Rd, Mount Horeb, WI 53572Lot/LandMLS ID #2025344, Scott Schroeder. SCWMLS
- $866,8441.99 AcresL4 Liuna Way, Deforest, WI 53532Lot/LandMLS ID #1725827, Bob Carpenter. SCWMLS
- $784,0801.8 AcresL2 Liuna Way, Deforest, WI 53532Lot/LandMLS ID #1725817, Bob Carpenter. SCWMLS
- $871,2002 AcresL1 Liuna Way, Deforest, WI 53532Lot/LandMLS ID #1725808, Bob Carpenter. SCWMLS
- $1,386,00021.99 Acres21.99 Observatory Rd, Cross Plains, WI 53528Lot/LandMLS ID #2008221, Aaron Dobbs. SCWMLS
- $790,00083.19 Acres1 Moen Rd #2, Cross Plains, WI 53528Lot/LandMLS ID #2021492, Aaron Weber. SCWMLS
- $800,0005.5 AcresLOT 49 Greenbriar Dr, Stoughton, WI 53589Lot/LandMLS ID #2024909, Reijo Wahlin. SCWMLS
- $1,150,00059.39 AcresMeek Rd, Arlington, WI 53911Lot/LandMLS ID #2009479, Aaron Dobbs. SCWMLS
- $895,00019.85 AcresRiles Rd, Middleton, WI 53562Lot/LandMLS ID #2019545, Kelly Byers. SCWMLS
- $1,295,00034.5 Acres34.5 Ac Hwy #18/151, Mount Horeb, WI 53572Lot/LandMLS ID #1995263, Frank Pohlkamp. SCWMLS
- $1,225,0009.88 Acres1-2 Gray Rd, Deforest, WI 53532Lot/LandMLS ID #2008738, Jim Stopple. SCWMLS
- $979,00088.5 AcresLOT 1 Sandy Hook Rd, Brooklyn, WI 53521Lot/LandMLS ID #2013497, Chris Lukens. SCWMLS
- $1,400,00092.93 Acres92.93 M/l Acres, Sun Prairie, WI 53590Lot/LandMLS ID #1977775, Dillon Muth. SCWMLS
- $1,400,00092.93 AcresTwin Lane Rd, Sun Prairie, WI 53590Lot/LandMLS ID #90951, Dillon Muth. REALSTACK
- $1,380,0000.32 Acres3218 Aalseth Ln, Stoughton, WI 53589Lot/LandMLS ID #2025725, Leslie Boyea. SCWMLS
