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11347 West Meadowview DRIVE
Franklin, WI

11347 West Meadowview DRIVE

$614,990
4 bd • 3 ba • 2,267 sf

This analysis was generated by artificial intelligence 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

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Risk Assessment

Climate Risks

airMINOR

1 bad air quality days per year

heatMINOR

7 extreme heat days per year

98th percentile: 99°F

windMINOR

Insurance: Recommended

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

The primary risk is potential construction delays or quality issues, common with new builds. There's also a risk of property value fluctuation, as the neighborhood is still developing and comps may be limited. The buyer should be prepared for potential special assessments as the new community establishes itself. While climate risks are low, the minor wind risk (2/10) suggests the importance of ensuring proper insurance coverage. The high-end finishes may require more maintenance and could be costly to replace in the future. There's also a risk of overimprovement for the area, which could impact future resale value if the neighborhood doesn't appreciate as expected.
Insurance
Annual Cost

$2,214

$184 per month

Financials

Monthly Costs
Market Rent (4 bed)

$1,770

Get a detailed rental estimate on Zillow®

Price History

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$590,356

-4.0% below list price

Median Price

$600,000

Based on 6 recent sales

Price per Sq.Ft

$247

Comparable Properties

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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