Segoe Terrace

Overview

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Segoe Terrace Apartments in Madison, Wisconsin, offer a welcoming community for seniors and persons with disabilities. The apartment complex is situated in a convenient location within the 53705 area of Madison, providing easy access to various amenities and services. The well-lit streets and proximity to grocery stores ensure residents have everything they need within reach.

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This highly rated apartment community consists of 1-bedroom apartments designed to provide comfort and ease for its residents. The building, constructed in 1979, spans eight stories and includes 151 units. With a focus on creating a friendly and supportive environment, Segoe Terrace Apartments also grant residents opportunities to connect through communal spaces and activities.

Residents and their visitors can enjoy a range of features and amenities designed to enhance their living experience. From practical necessities to social conveniences, Segoe Terrace Apartments strive to meet the diverse needs of their community members.

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Amenities and Features

Well-lit streets
Proximity to grocery stores
Communal spaces for social activities
1-bedroom apartments
Eight-story building
151 units
Built in 1979
Designed for seniors and persons with disabilities

Sources

Segoe Terrace Location

Address: 602 Sawyer Ter Ofc, Madison, WI 53705

Phone: 608-231-2343

Website: https://www.meridiangroupinc.net/n-property/properties-detail.aspuniquerecordid206

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About Madison, Wisconsin

Madison, a city located in the state of Wisconsin (WI), is home to a population of approximately 451,652 people. Madison boasts a median age of 31.6, with around 17.3% of its residents aged 60 or above. 4% of the population identifies as US Veterans. 8.6% of Madison residents are disabled. The city has an average household income of $74,895, while the unemployment rate stands at 2.6%, and around 16.9% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Madison is $326,600, with a monthly rent averaging $1,291.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.