Score
0Madison, WI
4106 Winnemac Ave
444K
2 beds
2 baths
953 sqft
2 bd • 2 ba • 953 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$444,300
Price/Sq.Ft
$466
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 4106 Winnemac Ave, Madison, WI 53711 offers several positive aspects. At $444,300, it's priced competitively at $466.21/sqft, which is below the median price for similar properties in the area. The location is a significant advantage, situated in a desirable neighborhood of Madison. With 2 bedrooms and 2 bathrooms in 953 sqft, it provides an efficient use of space. The property's price point aligns well with the median income of $91,334 in the area, making it potentially affordable for many local buyers. Current rental rates for a two-bedroom in Madison average $1,378/month, suggesting a potential gross rental yield of about 3.7% if used as an investment property.
The Bad
The property's small size at 953 sqft is below average for the area, which may limit its appeal to some buyers. The lack of detailed information about features, utilities, and systems is concerning and may indicate potential hidden issues or necessary upgrades. The unknown year built could be a red flag, potentially signaling an older home with higher maintenance costs. The absence of a property description and room details makes it difficult to assess the overall condition and any recent improvements.
The Ugly
The property's age, if significantly old, could mean imminent major system replacements such as roofing, plumbing, or electrical, potentially costing $20,000-$30,000 in the near future. The lack of information about utilities and systems is particularly concerning, as it could hide inefficient heating/cooling systems or outdated electrical wiring, leading to high energy costs or safety risks. Madison's cold winters could exacerbate any insulation or heating system issues, potentially resulting in uncomfortably high utility bills. The property's small size might make it challenging to add value through renovations or expansions, potentially limiting long-term appreciation.
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 best suited for first-time homebuyers or young professionals with household incomes around $90,000-$110,000, aligning with the area's median income. It's ideal for singles or couples who prioritize location over space and are comfortable with a cozy living arrangement. Investors looking for a rental property in a strong market could also find this attractive, given Madison's competitive real estate landscape and the property's potential for steady rental income.
Not For
This property is not suitable for larger families needing 3+ bedrooms or more than 1,000 sqft of living space. It's also not ideal for buyers seeking a move-in ready home with modern amenities, given the lack of information about its features and potential need for updates. Luxury home buyers or those requiring high-end finishes would likely find this property lacking. Additionally, it may not be suitable for those with limited mobility, as the property's age and potential layout could present accessibility challenges.
Demographics
Area Median Income
$91,334
Property History
Price History
Ownership Timeline
$248,300Cash Purchase
Jan 4, 2017Edward Frank Younger, Megan E YoungerJamin Caleb Godwin, Jennie Graham Godwin
Warranty Deed
Standard Sale (Purchase/Resales)
$205,000Financed
Mar 25, 2013Craig William Martyn, Julie J MartynEdward Frank Younger, Megan E Younger
Warranty Deed
Standard Sale (Purchase/Resales)
$222,800Financed
Jul 23, 2008Claire M Holtski, Angie HoltskiCraig William Martyn, Julie J Martyn
Warranty Deed
Standard Sale (Purchase/Resales)
$193,900Financed
Jun 28, 2005Michael T Stevens, Sarah L AshbyClaire M Holtski, Angie Holtski
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
2.0/10
Below AverageMiddle
5.5/10
AverageFinancials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$1,378
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$444,300
Price/sqft
$466
Layout
2 bd•2 ba
Stats in the Area
Based on 2 comparable properties nearby
Average Price
$477,000
6.9%
Your price is 6.9% below average
Median Price
$545,000
18.5%
Based on 2 recent sales
Price per Sq.Ft
$440
6.0%
Your price is 6.0% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 4718 Tokay Boulevard, Madison, WI 53711 | $409,000 | 1,054 | 2 | 1 | $38816.8% | 11/14/2024 |
| 2421 Chamberlain Avenue, Madison, WI 53726 | $545,000 | 1,106 | 3 | 1 | $4935.7% | 9/27/2024 |
4718 Tokay Boulevard, Madison, WI 53711
Price: $409,000
Sq.Ft: 1,054
Beds/Baths: 2/1
$/Sq.Ft:
$38816.8%
Sale Date: 11/14/2024
2421 Chamberlain Avenue, Madison, WI 53726
Price: $545,000
Sq.Ft: 1,106
Beds/Baths: 3/1
$/Sq.Ft:
$4935.7%
Sale Date: 9/27/2024
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