3538 Richard St is a foreclosure for sale in the under-rated Eastmorland/Schenk neighborhood area. This is a great area of Madison, but surprisingly it is still an affordable neighborhood. And this house is super affordable at only $124,900! I’m sure it needs some updating and TLC, but it seems to be worth it – especially with newer windows & mechanicals. Like many houses in this neighborhood, it’s a smaller house at 952 sq ft. It has 3 bedrooms and 1 bathroom. Hardwood floors throughout the house. Fenced back yard. 1 car garage. It was originally on the market at $159,900 in November. They have lowered the price $10K every month, and now it is at $124,900.