Residential Income Property with
For Sale
$495,000
5734 Enchanted View Lane Unit 13, Waunakee, WI 53597
A three-bedroom condo features a private entrance, vaulted living areas, and a finished lower level.
Property Size2,775 SF
Price / SF$178.38
Days on Market72
Property Features for 5734 Enchanted View Lane Unit 13
General Information
Standard status
Active
Size
2,775 SF
Total Parking Spaces
2
Property subtype
Condo / Ranch-1 Story
Zoning
R-3A
Additional Details
Road Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,547
Amenities
Sellers personal belongings, kitchen chairs at island
Refrigerator, Range/Oven, Microwave, Dishwasher, Disposal, Water Softener, All window coverings, Garage door opener/remote(s), Washer, Dryer, UHP Home Warranty (Ultimate $825)
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Vaulted ceiling, Washer, Dryer, Water softener included, Cable/Satellite Available, At Least 1 tub, Internet - Cable, Internet - DSL, Internet -Fiber Available, Internet - Fixed wireless, All Window Coverings, Carbon Monoxide Detector, Ceiling Fan(s), Foyer Entry, Primary Bath, Smoke Detector
Vinyl, Stone
Gas, 2 fireplaces
Private Entry, Deck/Balcony, Cul de Sac, Four Season Room
Building Details
Year Built
2003
Listing Agency:
Markley & Associates, REALTORS LLC
Listed By:
Steven Markley · License #23240-90
(608) 695-9112
Source:
Compass
Added: Aug 16
Changed: Oct 25
Last Checked: Oct 25 at 2:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Markley & Associates, REALTORS LLC
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Investment Insights
Based on property information with market context.
This 2,775-square-foot condo, built in 2003, has three bedrooms and two and a half bathrooms. The main level includes a foyer, vaulted living room with a stone fireplace, open kitchen with an island and pantry, dining area, sunroom, and primary suite. The lower level adds a third bedroom with legal egress windows, a family room with a tiled fireplace, a recreation room, full bathroom, and laundry room. A deck extends the living area outdoors, and the unit has a private entry and a two-car garage.
Interior features include birch flooring and cabinetry, solid-surface kitchen counters, stainless steel appliances, walk-in closets, and a water softener. The home has two fireplaces, forced-air heat, central air conditioning, a sump pump with battery backup, and a furnace with AprilAire and A/C installed in 2018. The roof dates to 2011. Zoning is R-3A.
Interior features include birch flooring and cabinetry, solid-surface kitchen counters, stainless steel appliances, walk-in closets, and a water softener. The home has two fireplaces, forced-air heat, central air conditioning, a sump pump with battery backup, and a furnace with AprilAire and A/C installed in 2018. The roof dates to 2011. Zoning is R-3A.
Key Highlights
- 2,775‑square‑foot condo with three bedrooms and two and a half bathrooms
- Two‑car garage and private entry
- Finished lower level includes a bedroom with legal egress, family room, recreation room, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,388
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,760
$447.8K
Cap Rate 7%
$319,829
$319.8K
Cap Rate 9%
$248,756
$248.8K
Market Conditions
NOI Build-Up for 2,775 SF
Gross rent
$42.6K $15.36/SF
− Vacancy
−$1.9K −$0.69/SF
EGI
$40.7K $14.67/SF
− OpEx
−$18.3K −$6.60/SF
NOI
$22.4K $8.07/SF
Area
Dane County, WI
Vacancy
4.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,760
Cap Rate 7%
$319,829
Cap Rate 9%
$248,756
Alternative Uses
Best Use
Apartment 5plus
$319.8K
$279.9K – $373.1K
NOI $22,388 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$644.9K
$564.3K – $752.3K
NOI $45,140 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
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Business Placement
Demographics for 53597, WI
20,729
Population
8,323
Households
2.5
Avg Household Size
41
Median Age
58%
College-Educated
98%
High-School Grad
52.9 sq mi
ZIP Area
392
Density / Sq Mi
$114,542
Median Household Income
$63,700
Median Earnings
$1,336
Median Rent
$462,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom condo features a private entrance, vaulted living areas, and a finished lower level.
Where is this residential income property located?
The property is located at 5734 Enchanted View Lane Unit 13 Waunakee, WI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,775‑square‑foot condo with three bedrooms and two and a half bathrooms; Two‑car garage and private entry; Finished lower level includes a bedroom with legal egress, family room, recreation room, and full bath
