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This residential property is located at 828 Prospect Pl in the bustling city of Madison, WI. Built in 1910, this two-story building boasts a total living area of 3330 sq ft on a spacious lot of 8083 sq ft with a depth of 152 feet and a width of 53 feet. The property features 6 bedrooms, 5 bathrooms, and a central cooling system, as well as a cozy fireplace. With an assessed value of $1,092,500, this property is a valuable asset and is part of the Prospect Place Subdivision, with lot number 1 and SW 9 ft of lot 2 in block 1.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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