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Description

Why wait for new construction? This like-new home in Calliope Cottages at Redtail Ridge is move-in ready with $10,000 in upgrades and priced $28,000 below comparable homes currently under construction. Enjoy the open-concept floor plan with mudroom cubbies, upgraded laundry cabinetry, custom blinds, quartz countertops, tiled backsplash, stainless appliances, and large island. The owner’s suite offers a walk-in closet and dual-vanity bath. Flex space with cozy fireplace and a spacious front porch with pergola provide extra room to relax or entertain. Additional highlights include a two-car garage with storage, 10-year builder warranty, 15-year dry basement warranty, and $150 monthly condo fee covering lawn care and snow removal. Close to Pheasant Branch Conservancy, dining, and shopping.

Property Highlights

Style

Condominium

Year Built

2024

Price/Sq Ft

$295

Lot Size

3,485 sq ft

County

Dane

Garage

2 car (Attached)

Beds & Baths

3 bed, 2.5 bath

Bathroom Details
Total Bathrooms2.5

Bathroom Breakdown

Full Bathrooms

Toilet, sink, tub/shower

2

Half Bathrooms

Toilet and sink only

1

Calculation: Full (2) + Half (1 × 0.5) + = 2.5 total

Bathroom counts and types are based on MLS listing data. Verify details during property viewing.

Property Details

Basic Information

Property Type:single-family
Listing Type:sale
Status:active
Year Built:2024
MLS Number:2008595

Size & Layout

Living Area:1,695 sqft
Lot Size:3,485 sqft
Bedrooms:3
Bathrooms:2.5

Interior Features

Walk-In Closet(s)WasherDryerWater softener incPantryKitchen Island

Basement

FullSump PumpBath/StubbedConcrete

Exterior Features

Architectural Style

Prairie/Craftsman

Lot Features

Zoning

Res

Appliances Included

WasherDryerWater Softener OwnedRangeRefrigeratorDishwasherMicrowaveDisposal

Utilities & Systems

Heating

Forced Air, Natural Gas

Cooling

Central Air

Water

Public

Sewer

Public Sewer

School Information

Elementary School

Northside

Middle School

Kromrey

High School

Middleton

School assignments are subject to change. Please verify with the school district.

Tax Information

Tax Year

2024

Parcel Number

0808-363-2834-2

Tax information is subject to change. Please verify with local tax assessor.

Lot Information

Lot Size

3,485 sq ft

Property Analysis

Days on Market
Just Listed
Days Listed
0
vs Market
-45
days vs avg (45d)

Market Performance

Listing FreshnessJust Listed
Hot market activity
Market Insights

• This property is newly listed and likely to receive high interest

• Moving faster than market average - strong demand for this property type

Investment Analysis
D - Poor
Cap Rate
0.0%
Cash Flow
-$26,980/yr
CoC Return
-21.6%

5-Year Investment Analysis

Sale Proceeds at Exit
Future Property Value$579,637
Remaining Loan Balance-$348,954
Net Proceeds from Sale$230,683
Total Investment Returns
Net Sale Proceeds$230,683
Total Cash Flow (5 yrs)-$134,899
Initial Investment-$125,000
Net Total Return-$29,216
Timeline
5 years
Appreciation
3.0%/yr
Rent Growth
2.5%/yr
Total ROI
-23.4%
Performance Metrics
Total Return %-23.4%
Annualized Return-5.2%

Financial Breakdown

Purchase Price$500,000
Gross Income$0/yr
Net Income$0/yr
Down Payment (25%)$125,000
Loan Amount$375,000
Annual Debt Service$26,980/yr

Investment Score

Cap Rate Target (6%+)0.0%
Cash Flow PositivityNegative
Property Tax Information
2024
Annual Tax
$7,500
$625/month
Assessed Value
$425,000
Tax Rate
1.76%
1.50% on market value

Tax Assessment Details

Market Value$500,000
Assessed Value$425,000
Assessment Ratio85.0%
Annual Tax$7,500
Monthly Tax$625
Tax per Sq Ft$4.42

Tax Rate Analysis

Current Effective Rate1.76%
Moderate tax rate
HOA Information
No HOA
No HOA

This property is not part of a homeowners association

Price per Square Foot Analysis
Fair Value
Price/Sq Ft
$294.99
1,695 sq ft total
Land Value
$143.47
3,485 sq ft lot

Market Comparison

vs Similar Properties
$281.60
4.8%
vs Neighborhood Avg
$338.98
13.0%
vs Middleton Avg
$236.15
24.9%

Space Breakdown

Total Living Area1,695 sq ft
Lot Size3,485 sq ft

Market Price Range

Typical Range$206.49 - $383.48
This property: $294.99
Value Insights

• Newer construction may justify premium pricing

• Spacious rooms with 565 sq ft per bedroom average

single-familyactive

6961 Spotted Sandpiper Street

single-family in Middleton, WI 53562-0000

$500,000

For Sale

$295/sqft

3

Bedrooms

2.5

Bathrooms

1,695

Sq Ft

2024

Year Built

Mortgage Calculator

Calculate your monthly payments for 6961 Spotted Sandpiper Street

$500,000
20%
$100,000
3%50%
7.00%
3.0%12.0%
30 years
10 years40 years

Monthly Payment Breakdown

Principal & Interest$2,661
Property Tax (est.)$625
Home Insurance (est.)$125
Total Monthly Payment$3,411

Loan Summary

Loan Amount
$400,000
Total Interest
$558,036
Total Paid
$1,058,036
Income Needed
$146,186

Disclaimer: This calculator provides estimates only. Actual loan terms, payments, and costs may vary based on your credit score, lender requirements, and market conditions. Property tax and insurance estimates are approximate.

Listing provided courtesy of Badger Realty Team

Copyright © 2025 South Central Wisconsin MLS Corporation. All rights reserved.

This information, provided by seller, listing broker, and other parties, may not have been verified.

SCWMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data last updated: 9/22/2025, 1:32:18 PM