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5785 Dawley Drive
Fitchburg, WI

5785 Dawley Drive

$610,000
3 bd • 2 ba • 2,056 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

$610,000

Price/Sq.Ft

$297

Year Built

AI Property Analysis

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

The Good

The property at 5785 Dawley Drive, Fitchburg, WI 53711 offers several attractive features. At 2,056 square feet, it's 18.7% larger than the average three-bedroom rental in the area (1,732 sq ft based on $1,810 rent for a 3-bed at $1.045/sq ft). The price per square foot of $296.69 is competitive, especially considering the median income of $91,334 in Fitchburg. The home features a spacious 3-bedroom, 2-bathroom layout, ideal for families or those needing extra space. The exterior boasts attractive shingle siding, a well-maintained lawn with mature trees, and a boulder retaining wall adding character. The three-car garage offers ample parking and storage, exceeding the typical two-car garage in many homes. The property appears to be in a quiet, established neighborhood with good tree coverage, suggesting a pleasant living environment.

The Bad

The listing price of $610,000 is 31.8% higher than what the median income in Fitchburg ($91,334) would typically support, assuming a 28% front-end debt-to-income ratio and a 20% down payment. This may limit the pool of potential buyers. The lack of detailed information about the year built, utilities, and systems is concerning, as it makes it difficult to assess potential maintenance issues or needed upgrades. The absence of listed property features suggests there may be a lack of modern amenities or recent updates, which could necessitate additional investment by the buyer. The driveway appears steep, which could be problematic during winter months or for those with mobility issues.

The Ugly

Without knowing the year built, there's a risk of outdated systems or potential code violations that could be costly to address. The property's location on what appears to be a hill (given the retaining wall and driveway slope) could indicate potential water drainage issues or erosion problems. The lack of information on utilities and systems raises red flags about possible inefficiencies in heating/cooling, which could lead to high energy costs. If the property is older, there may be concerns about asbestos, lead paint, or outdated electrical systems. The absence of a property description and feature list in the listing is unusual and could indicate the seller is trying to hide issues or that the property hasn't been well-maintained.

Who is this property for?

Best For

This property is best suited for buyers with a household income of $130,000+ annually, based on the purchase price and estimated monthly costs. It's ideal for families or professionals who need extra space for a home office. The layout and size make it suitable for those looking to upsize from a smaller home or condo. Buyers who value a quiet, established neighborhood with mature trees will appreciate the setting. Those who need ample parking or storage space will benefit from the three-car garage. The property could also appeal to buyers willing to invest in updates to customize the home to their preferences.

Not For

This property is not suitable for first-time homebuyers or those with incomes below $130,000 due to the high purchase price. It's not ideal for buyers looking for a move-in ready home with modern amenities, as the lack of listed features suggests possible outdated interiors. Those seeking a low-maintenance property may find the large lot and potential landscaping needs overwhelming. Individuals with mobility issues might struggle with the steep driveway. Investors looking for immediate rental income may find the price point challenging to achieve positive cash flow, given the area's rental rates.
Demographics
Area Median Income

$91,334

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Risk Assessment

Risk Analysis

The unknown age of the property poses risks of outdated systems and potential code violations. There's a possibility of hidden structural issues or necessary major repairs not visible from the exterior. The hillside location could lead to water drainage problems or soil stability issues. Without knowing the heating and cooling systems, there's a risk of inefficient energy use and high utility costs. The competitive nature of the Fitchburg market, as mentioned in the local context, could lead to hasty decision-making and overlooking potential issues. The property's price point, being higher than what the median income supports, may lead to challenges in resale or refinancing if the market softens.

Financials

Monthly Costs
Market Rent (3 bed)

$1,810

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$412,250

-32.4% below list price

Median Price

$385,000

Based on 6 recent sales

Price per Sq.Ft

$218

Comparable Properties

4361 Crawford Drive, Madison, WI 53711
Price: $335,000
Sq.Ft: 1,740
Beds/Baths: 3/2
$/Sq.Ft:
$19335.1%
Sale Date: 12/5/2024
5785 Dawley Drive, Fitchburg, WI 53711
Price: $610,000
Sq.Ft: 2,056
Beds/Baths: 3/2
$/Sq.Ft:
$2970.0%
Sale Date: 10/7/2024
2412 Red Arrow Trail, Fitchburg, WI 53711
Price: $385,000
Sq.Ft: 1,821
Beds/Baths: 3/2
$/Sq.Ft:
$21128.7%
Sale Date: 10/17/2024
3008 Arapaho Drive, Fitchburg, WI 53719
Price: $431,500
Sq.Ft: 2,198
Beds/Baths: 3/2
$/Sq.Ft:
$19633.8%
Sale Date: 9/27/2024
4612 Crescent Road, Fitchburg, WI 53711
Price: $377,000
Sq.Ft: 1,708
Beds/Baths: 4/2
$/Sq.Ft:
$22125.6%
Sale Date: 9/20/2024
5468 Coachman Place, Fitchburg, WI 53711
Price: $335,000
Sq.Ft: 1,740
Beds/Baths: 2/2
$/Sq.Ft:
$19335.1%
Sale Date: 8/21/2024

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