Rare shovel-ready development opportunity in Fitchburg! Olive Tree Residences is an approved 20-unit condominium project on approx. 2.28 acres, offering a head start on development with significant entitlement, engineering and site work already complete. Approved plans feature spacious 2–3 bedroom residences, approx. 1,700–2,500 SF, with 2.5–3.5 baths and attached 2-car garages. PDD/SIP zoning approval is recorded, public utility permits are secured, engineering is complete and CAD files are available. Phase I ESA, geotechnical work, remediation, demolition and site clearing are complete. Construction bid interest secured. Bring your builder, investor or development team and move this project toward construction.
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 |
- 90
- views |
- 4
- 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.
- $309,3001 bd2 ba900 sqft2735 Rimrock Rd, Madison, WI 53713Off Market
- $325,0003 bd1 ba1.2k sqft2725 Rimrock Rd, Madison, WI 53713Sold
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- $314,9003 bd1 ba1k sqft2801 Rimrock Rd, Fitchburg, WI 53713Sold
- $331,000-- bd-- ba-- sqft2750 Rimrock Rd, Madison, WI 53713Off Market
- $301,300-- bd-- ba-- sqft2720 Rimrock Rd, Fitchburg, WI 53713Off Market
- $331,700-- bd-- ba-- sqft86 Maloney Dr, Fitchburg, WI 53713Off Market
- $291,000-- 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.
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