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4713 County Highway M
Middleton, WI

4713 County Highway M

$3,800,000
4 bd • 5 ba • 7,401 sf

This analysis was generated by artificial intelligence on 1/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$3,800,000

Price/Sq.Ft

$513

Year Built

1997

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Prime Lake Mendota frontage: The property boasts 168 feet of prime frontage on Lake Mendota, a highly desirable feature offering stunning views and direct access to water activities. This is a rare and valuable asset for the area. • Large lot size: The 2.54-acre lot provides ample privacy, space, and potential for outdoor enjoyment. This is a significant advantage in a densely populated area like Middleton. • Luxurious amenities: The property features a chef's kitchen, multiple living spaces, a wet bar, and a boathouse, indicating high-end finishes and a focus on luxury living. • Multiple outdoor spaces: Four decks, a patio, and a boathouse provide ample opportunities for outdoor living, entertaining, and enjoying the lake views. • Updated bathrooms: Three expertly renovated bathrooms with designer finishes are a significant selling point and reduce the need for immediate renovations.

The Bad

• High price per square foot: At $513.44/sqft, this property is significantly more expensive than the average for Middleton, which typically ranges from $300 to $400/sqft. This premium, while potentially justified by the lakefront location and luxury features, may price out many buyers. • High estimated insurance costs: The annual insurance estimate of $13,680 is exceptionally high, indicating potentially significant ongoing expenses. This is likely due to the size, age, and waterfront location of the property. • Long days on market: The property has been listed for 220 days, which is considerably longer than the average for the area (typically 30-60 days). This extended time may suggest that the property is overpriced or that there are other factors deterring potential buyers. • Age of the home: Built in 1997, the property may require updates or renovations to meet modern standards. This could involve significant costs beyond the purchase price. • Potential for high property taxes: Middleton has relatively high property taxes. These costs, in addition to the purchase price and insurance, will add a significant burden to the monthly carrying costs.

The Ugly

• Extremely high insurance costs: The estimated $13,680 annual premium is a major red flag and represents a very high ongoing expense. This could be a major burden for potential buyers and may indicate underlying risks associated with the property. • Potential for significant renovation costs: Given the property's age (built in 1997), there are likely to be deferred maintenance issues and outdated systems that will require costly updates. The seller's disclosures should be reviewed carefully to assess the potential repair costs. • Overpriced relative to market averages: The high price per square foot ($513.44) suggests the property is priced above market averages for similar homes in Middleton. The extended days on market (220) further indicate that the property is not competitively priced. • High ongoing costs: In addition to the high purchase price and insurance, buyers must consider property taxes and potential maintenance costs. These combined expenses could make the property unaffordable for a wide range of buyers. • Risk of depreciation: Given the property's age and the potential for deferred maintenance, there is a higher risk of depreciation compared to newer or well-maintained homes. If substantial repairs are needed, the value of the home may not appreciate as quickly as other properties in the area.

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

• High-Net-Worth Buyers seeking a luxury lakeside property with ample space for entertaining. The property's multiple living areas, chef's kitchen, and extensive outdoor spaces are ideal for hosting gatherings. • Buyers who value privacy and a serene environment. The 2.54-acre lot with 168 feet of lake frontage provides a secluded setting, while still being close to Middleton's amenities. • Families with school-aged children who prioritize a strong educational environment. The property is located within the highly-regarded Middleton-Cross Plains Area School District. • Buyers comfortable with a higher price point and willing to invest in a premium property. The property's high price per square foot and estimated annual insurance costs indicate a luxury offering. • Individuals or families who enjoy water activities. The property's prime frontage on Lake Mendota allows for boating, swimming, and other water sports.

Not For

• Budget-conscious buyers seeking a more affordable property. The high price point and elevated insurance costs make this property unsuitable for those with limited financial resources. • Buyers who prefer low-maintenance properties. A 2.54-acre lot and boathouse require significant upkeep, which may not appeal to buyers seeking a simpler lifestyle. • Buyers who need a quick move-in. Given the age of the home, potential updates and renovations may be necessary before moving in, which could delay the timeline. • Buyers who prefer a more traditional home style. The architectural design of the home may not appeal to those who prefer a more conventional style. • Buyers who are concerned about potential flood risks. Although the property's description does not mention flood risk, its location on Lake Mendota may require further investigation into flood zone status and insurance requirements.
Demographics
Area Median Income

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Risk Assessment

Risk Analysis

• High insurance costs: The estimated $13,680 annual insurance premium is substantially higher than average and should be carefully factored into the total cost of ownership. This could be due to the size, age, waterfront location, or specific construction materials. • Property age: Built in 1997, the home may require updates to meet modern standards. Potential issues could include aging systems (HVAC, plumbing), outdated aesthetics, or deferred maintenance. A thorough inspection is necessary to identify any costly repairs or replacements. • Extended days on market: The 220 days on market is far above the average for Middleton. This could indicate overpricing, market resistance, or underlying issues that need further investigation. • Potential for high property taxes: Middleton is known for relatively high property taxes, which could add a substantial amount to the monthly carrying costs. • Flood risk: While not explicitly mentioned, waterfront properties are often at a higher risk of flooding. Buyers should research the flood zone status and secure appropriate insurance coverage.
Insurance
Annual Cost

$13,680

$1,140 per month

Financials

Monthly Costs

Price History

Location & Comparables

Subject Property
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