317 W Broadway StreetStoughton, Wisconsin WI53589
Your chance to own 3 platted 0.18 acre lots zoned SR-6 (residential) & an existing home & garage needing extensive work. Quiet location at the end of a dead end street adjoining city bike park & Lowell Park across the street. Parcels nearly all in floodplain zone AE when flood mapping done in 2014. Seller currently pays around $600/year in flood insurance. City of Stoughton acknowledges property can be maintained, but not receptive to new development on parcels in floodplain, so would plan to work with the existing footprint/structures. New owner could possibly get portions removed from floodplain w/added fill to raise elevation or seek map review of flood boundaries?? Selling As-Is. See DNR comments in attached docs on FEMA 50% rule on improvement cap and notes on map review/adding fill.