Active

$1,500,000

2735 Rimrock Road, Fitchburg, WI 53713

--beds

--baths

2.28Acres

Unimproved Land

Built in ----

2.28 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Calling all investors! 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. Two parcels totaling approx. 2.28 acres. Significant upfront risk mitigated?ready for execution and capital deployment.

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Facts & features

Property

Lot

Size: 2.28 Acres
Features: 5+ Unit Lot, Sidewalks, Level, Wooded, Can not be divided

Details

Parcel number: 070936393303
Zoning: Res

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected, Electricity Connected, Phone Connected, Cable Connected

Community & HOA

Location

Region: Madison
Municipality: Fitchburg

Financial & listing details

Tax assessed value: $144,400
Annual tax amount: $2,528
Date on market: 2/13/2026
Listing terms: Sell in Entirety
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

$1,330/mo

Price history

Date	Event	Price
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: WIREX MLS #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

BuyAbility℠ payment

Estimated monthly payment

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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