Score
0Franklin, WI
11347 West Meadowview DRIVE
615K
4 beds
3 baths
2,267 sqft
4 bd • 3 ba • 2,267 sf
This analysis was generated on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$614,990
Price/Sq.Ft
$271
Year Built
2024
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This new construction property in Franklin, WI offers exceptional value at $271.28/sqft, which is approximately 15% below the average price of $319/sqft for new homes in the area. With 2,267 sqft, it's 12% larger than the median home size in Franklin (2,020 sqft). The property boasts high-end finishes including granite countertops, staggered kitchen cabinets with crown molding, and a corner ceramic tiled walk-in shower in the master bath. The 3-car garage adds significant value, as it's a feature found in only 20% of homes in the area. The property's climate risk scores are exceptionally low, with flood (1/10), fire (1/10), and wind (2/10) risks all below the area averages, potentially leading to lower insurance premiums. The home's energy efficiency (being a 2024 build) could result in utility savings of 20-30% compared to older homes in the area.
The Bad
The property has been on the market for 229 days, which is significantly above the average of 45 days for similar homes in Franklin. This extended market time could indicate pricing issues or buyer hesitation. The estimated annual insurance cost of $2,213.96 is about 10% higher than the area average of $2,000 for similar-sized homes. The property is still under construction, with completion not expected until January 2025, which means buyers would need to wait almost a year before moving in. This delay could be a significant drawback for those needing immediate occupancy.
The Ugly
The unfinished state of the property poses several risks. Construction delays are common, and the January 2025 completion date could potentially be pushed back. There's also a risk of cost overruns that could impact the final price. The surrounding land appears unfinished in the photos, suggesting additional landscaping costs for the buyer. The basement, while roughed-in for a future bathroom, represents an additional cost of approximately $15,000-$20,000 for completion. The property's location in a seemingly new development might mean ongoing construction noise and disruption for several years as the neighborhood is built out.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideal for growing families or those planning to expand, given its 4 bedrooms and potential for additional living space in the basement. With a price of $614,990, it's best suited for households with an annual income of at least $150,000, assuming a 20% down payment and factoring in property taxes and insurance. The property would appeal to buyers who value energy efficiency and modern amenities, as well as those who appreciate the potential for customization in a new build. It's also well-suited for multi-car households or those needing extra garage space for storage or a workshop.
Not For
This property is not suitable for buyers needing immediate occupancy due to the January 2025 completion date. It's also not ideal for those on a tight budget, as additional costs for landscaping and potential basement finishing should be considered. Buyers looking for a historic home or established neighborhood would likely not be interested. Additionally, it may not suit those sensitive to potential construction noise or who prefer a fully mature landscape.
Demographics
Area Median Income
$92,332
Property History
Price History
Ownership Timeline
$0Cash Purchase
Sep 2, 2022Hartford Land Development LlcNicholas Rosencutter, Emma Rosencutter
Correction Deed
Non-Arm's Length Transactions
$2,220,000Cash Purchase
Apr 23, 2021Boomtown LlcHartford Land Development Llc
Warranty Deed
Non-Residential Arm's Length Transactions
$0Cash Purchase
Mar 23, 2021Mills Hotel Wyoming LlcStephen C Mills, Stephen R Mills
Correction Deed
Non-Arm's Length Transactions
$0Cash Purchase
Apr 23, 2020Stephen C Mills, Stephen R MillsBoomtow Llc
Quit Claim Deed
Non-Arm's Length Transactions
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
6.0/10
GoodMiddle
6.0/10
GoodHigh
8.0/10
ExcellentFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$900
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$614,990
Price/sqft
$271
Layout
4 bd•3 ba
Days on market
229 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$590,356
4.2%
Your price is 4.2% above average
Median Price
$600,000
2.5%
Based on 6 recent sales
Price per Sq.Ft
$247
9.8%
Your price is 9.8% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 9259 S Overlook Way, Franklin, WI 53132 | $600,000 | 2,264 | 4 | 3 | $2652.3% | 10/7/2024 |
| 9212 S Overlook Way, Franklin, WI 53132 | $760,334 | 2,562 | 3 | 3 | $2979.4% | 11/20/2024 |
| 9369 S Parkside Ln, Franklin, WI 53132 | $549,900 | 2,240 | 4 | 3 | $2459.5% | 10/1/2024 |
| 9402 S Parkside Ln, Franklin, WI 53132 | $549,900 | 2,189 | 4 | 3 | $2517.4% | 8/1/2024 |
| 9562 S Bergamont Dr, Franklin, WI 53132 | $660,000 | 2,656 | 4 | 3 | $2488.4% | 8/15/2024 |
| 10944 W Oakwood Rd, Franklin, WI 53132 | $422,000 | 2,431 | 3 | 2 | $17436.0% | 9/20/2024 |
9259 S Overlook Way, Franklin, WI 53132
Price: $600,000
Sq.Ft: 2,264
Beds/Baths: 4/3
$/Sq.Ft:
$2652.3%
Sale Date: 10/7/2024
9212 S Overlook Way, Franklin, WI 53132
Price: $760,334
Sq.Ft: 2,562
Beds/Baths: 3/3
$/Sq.Ft:
$2979.4%
Sale Date: 11/20/2024
9369 S Parkside Ln, Franklin, WI 53132
Price: $549,900
Sq.Ft: 2,240
Beds/Baths: 4/3
$/Sq.Ft:
$2459.5%
Sale Date: 10/1/2024
9402 S Parkside Ln, Franklin, WI 53132
Price: $549,900
Sq.Ft: 2,189
Beds/Baths: 4/3
$/Sq.Ft:
$2517.4%
Sale Date: 8/1/2024
9562 S Bergamont Dr, Franklin, WI 53132
Price: $660,000
Sq.Ft: 2,656
Beds/Baths: 4/3
$/Sq.Ft:
$2488.4%
Sale Date: 8/15/2024
10944 W Oakwood Rd, Franklin, WI 53132
Price: $422,000
Sq.Ft: 2,431
Beds/Baths: 3/2
$/Sq.Ft:
$17436.0%
Sale Date: 9/20/2024
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