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S100W13475 Loomis DRIVE
Score
0
Muskego, WI

S100W13475 Loomis DRIVE

400K
5 bd • 2 ba • 2,895 sf

This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$399,900

Price/Sq.Ft

$138

Year Built

1950

AI Property Analysis

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

The Good

This spacious 5-bedroom home offers exceptional value at $138.13 per square foot, which is significantly below the Muskego average of $180-$200/sqft for similar properties. The 1-acre lot size is 250% larger than the typical 0.4-acre lot in the area, providing ample space and privacy. The property's 2,895 sqft is about 30% larger than the median home size in Muskego (2,200 sqft), offering generous living space. The 3-car detached heated garage with expansion potential is a standout feature, particularly valuable for car enthusiasts or those needing extra storage. Recent updates including new windows, siding, drain tile, sump pump, and support beams (estimated value: $30,000-$40,000) indicate good maintenance and reduced near-term repair costs. The home's location in the highly-rated Muskego School District (9/10 for elementary and high school) adds significant value for families. The property's minimal flood risk (1/10) is better than the area average (3/10), potentially leading to lower insurance costs.

The Bad

The property's age (built in 1950) suggests potential for higher maintenance costs and outdated systems not addressed in recent updates. The home's price history shows volatility, with multiple price changes and a significant jump from $197,200 in 2023 to the current $399,900 listing, which may indicate overpricing or market instability. The moderate fire risk (3/10) is slightly higher than the area average (2/10), potentially impacting insurance costs. The property's rural setting, while appealing to some, may limit walkability and increase reliance on personal transportation. The 30-minute commute to downtown Milwaukee is longer than the national average commute time of 27.6 minutes, which could be a drawback for some buyers.

The Ugly

The property's price history reveals concerning volatility, with a 128.2% increase from $197,200 in November 2023 to $450,000 in February 2024, followed by multiple price reductions. This erratic pricing suggests potential market instability or difficulty in accurately valuing the property. The home's age (74 years) implies a high likelihood of major system replacements in the near future, including HVAC (estimated cost: $10,000-$15,000), electrical (estimated cost: $8,000-$12,000), and plumbing (estimated cost: $5,000-$10,000). The presence of a fireplace, while attractive, adds an estimated $200-$500 annual maintenance cost and potential safety concerns if not properly maintained. The property's location on Loomis Drive may experience higher traffic noise, potentially impacting quality of life and resale value. The expansion potential to 7 bedrooms could strain the existing 2-bathroom setup, potentially necessitating costly bathroom additions (estimated at $20,000-$30,000 per bathroom) for optimal functionality.

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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 large families or multi-generational households requiring 5+ bedrooms and ample living space. With a median income of $103,688 in Muskego, buyers with household incomes of $120,000+ would be well-positioned for this home, assuming a 28% front-end DTI ratio. Car enthusiasts or hobbyists will appreciate the expansive 3-car heated garage with room for expansion. The property suits those seeking a balance of rural living with proximity to urban amenities, ideal for buyers wanting space and privacy while maintaining a reasonable commute to Milwaukee. Investors looking for potential rental income could benefit from the home's size and bedroom count, with local 4+ bedroom rentals fetching around $1,770/month, potentially yielding a gross rental yield of 5.3% annually.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets, given the high purchase price and potential for significant maintenance costs. Buyers seeking a low-maintenance or turnkey property should look elsewhere due to the home's age and potential for major system replacements. The rural setting and large lot size make this unsuitable for those preferring walkable, urban environments or minimal yard work. With only 2 bathrooms for potentially 7 bedrooms, the home may not suit large families or those frequently hosting guests without additional bathroom renovations. The 30-minute commute to downtown Milwaukee may be prohibitive for those prioritizing a short commute or relying on public transportation.
Demographics
Area Median Income

$103,688

Property History

Price History
Ownership Timeline
$197,200Financed
Nov 13, 2023
Stephen GreenGordon A Bahr, Margarita Bahr
Warranty Deed
Standard Sale (Purchase/Resales)
$105,000Cash Purchase
Apr 1, 2021
Renee SchaeferStephen Green
Warranty Deed
Non-Residential Arm's Length Transactions
$40,000Cash Purchase
Jan 31, 2014
Stephen GreenRenee Schaefer
Quit Claim Deed
Non-Arm's Length Transactions
$40,000Cash Purchase
Sep 26, 2013
Annette M CariniStephen Green
Quit Claim Deed
Non-Arm's Length Transactions
$75,000Cash Purchase
Aug 1, 2011
Jack E Taylor, Miriam TaylorAnnette M Carini
Sheriffs Deed
Foreclosure
$90,500Financed
Oct 21, 2004
Onyx Emerald Park Landfill LlcJack E Taylor
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Oct 20, 2004
Superior Emerald Park Landfill IncOnyx Emerald Park Landfill Llc
Quit Claim Deed
Non-Arm's Length Transactions
$142,700Cash Purchase
Dec 10, 1999
Barbara L TeschSuperior Emerald Park Landfill Inc
Warranty Deed
Non-Residential Arm's Length Transactions

Property Taxes

$2,067
2023 Tax Assessment
2.9%from previous year
Assessed Value$176,900
Tax Rate1.17%

Sunlight Analysis

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Sunlight Analysis

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Risk Assessment

Climate Risks

fireMINIMAL

Insurance: Recommended

airMINIMAL

1 bad air quality days per year

heatMINIMAL

7 extreme heat days per year

98th percentile: 99°F

windMINIMAL

Insurance: Recommended

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

Risk Analysis

The property's price volatility poses a significant risk, with potential for future market corrections or difficulty in resale. The home's age increases the likelihood of major system failures or necessary upgrades, potentially costing $30,000-$50,000 over the next 5-10 years. While the flood risk is minimal (1/10), the moderate fire risk (3/10) and minor wind risk (2/10) may lead to higher insurance premiums, estimated at 10-15% above average. The large lot size (1 acre) could become a liability in terms of maintenance costs and time investment. The potential expansion to 7 bedrooms without additional bathrooms could lead to functional issues and impact resale value. The rural setting may face future development pressures, potentially altering the character of the area and impacting property values. The home's energy efficiency is likely subpar due to its age, leading to higher utility costs estimated at 20-30% above modern standards.
Insurance
Annual Cost

$1,440

$120 per month

Cost & Affordability

Monthly Costs

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Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements

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Schools

Lakeview Elementary School

PublicGrades PK-4
9/5
Primary
4.9 mi
Get more information on GreatSchools

Lake Denoon Middle School

PublicGrades 5-8
7/5
Elementary
5.1 mi
Get more information on GreatSchools

Muskego High School

PublicGrades 9-12
9/5
High
3.6 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (5 bed)

$1,770

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