I do not see 331 Tall Grass Trail as being for sale. It has not been on the market since January 2008, according to the MLS. The link provided, though, for the home at 304 North Bristol Street is for a lovely home that was sold back in April of last year. The new owners seem to be really doing some great things to rehab the home.
If you have interest in any other homes in the Sun Prairie area, I am always available to answer questions or show you the homes! Feel free to contact me at 608-445-2370.
I agree with Laud to the saturation of the Sun Prairie market and with Larry in regards to financing... Unless you have your new condo project 75% filled with signed buyers don't waste your time. As Laud put it... In Sun Prairie there are a ton of new condos sitting empty, and they are in the Liberty Station Area by Bird School, the upscale condos across from the new high school and the Providence area between Madison and Sun Prairie. Some have gone to rental, but that is completely messing up current owner and refinancing opportunities. So I would say no to building a condo, but heck yeah if you want to buy one :). Another popular option if you have a few million burning a hole in your pocket is buying up a condo project that went to bankruptcy. Hire a contractor like Connery or Gil-her to finish the project and turn it into a rental property... just make sure you call me to do all your cabinets and counters!!! I will be happy to do another one of those.