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Lake Edge Home for Sale

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    $425,000

    • 3 Beds
    • 2 Baths
    • 1,900 Sq Ft

    4715 Spaanem Ave, Madison, WI 53716

    Renovated home in a prime east side location! The main floor welcomes you with a cozy living rm & spacious bdrm, both featuring beautifully refinished hardwood flrs & new windows. The renovated bthrm includes tiled shower & new fixtures. The sunroom, with its vaulted ceilings, seamlessly connects to the kitchen, updated w/ new granite counters & SS apps. Upstairs, you’ll find another generously

    Seth Peterson Realty Executives Cooper Spransy

    4715 Spaanem Ave, Madison, WI 53716

About Lake Edge

Lake Edge, located along the eastern banks of Lake Monona in Madison, is a quiet residential community known for its proximity to outdoor attractions and amenities. The neighborhood features a mix of smaller homes, averaging around 1,450 square feet, which are priced below the median for Dane County, making it attractive to both first-time buyers and empty nesters. Lake Edge Park, a five-acre space with a pavilion, sports field, and play area, is a local highlight, while the nearby Monona Golf Course offers a well-kept, challenging layout. Residents also enjoy easy access to Olbrich Park, where they can rent boats, visit the Olbrich Botanical Gardens, and enjoy the Biergarten. Indoor activities include the Nerdhaven Arcade, Pinney Library, and the neighborhood YMCA. The northern and eastern borders of Lake Edge feature business districts with local favorites like Chief’s Tavern and Dairyland Family Restaurant. For groceries, Woodman’s Food Market is about a mile north. The East Side Club near Olbrich Park hosts community events with live music and fish frys. The neighborhood primarily consists of single-family homes built between the 1930s and 1980s, including ramblers, cottages, and Cape Cods, often on quarter-acre lots with mature trees. While most streets lack sidewalks, homes typically have driveways and some have garages. Children attend schools in the Madison Metropolitan School District, with La Follette High School being highly rated. Lake Edge is conveniently located, with downtown Madison just 10 minutes away and Dane County Regional Airport approximately 6 miles away.

Frequently Asked Questions

Is Lake Edge a good place to live?
Lake Edge is a good place to live. Lake Edge is considered somewhat walkable and very bikeable with some transit options. Lake Edge has 8 parks for recreational activities. It is fairly sparse in population with 5.0 people per acre and a median age of 45. The average household income is $92,939 which is below the national average. College graduates make up 47.4% of residents. A majority of residents in Lake Edge are home owners, with 20.6% of residents renting and 79.4% of residents owning their home. A local real estate agent serving Lake Edge can help you decide if this neighborhood is the right one for you. Learn more on our Lake Edge neighborhood guide.
Is Lake Edge, WI a safe neighborhood?
Lake Edge, WI is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Lake Edge?
The median home price in Lake Edge is $325,000. If you put a 20% down payment of $65,000 and had a 30-year fixed mortgage with an interest rate of 6.83%, your estimated principal and interest payment would be $1,700 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $73K a year to afford the median home price in Lake Edge. The average household income in Lake Edge is $93K.
What are the best public schools in Lake Edge?
The best public schools that serve Lake Edge are:
What are the best private schools in Lake Edge?
The best private schools that serve Lake Edge are:
What are the most popular zip codes in Lake Edge, Madison, WI?
The most popular zip codes in Lake Edge, Madison, WI include 53593, 53590, 53711, 53597 and 53562.
What are the most popular neighborhoods near Lake Edge, Madison, WI?
The most popular neighborhoods near Lake Edge, Madison, WI are Eastmorland, Elvehjem, Rolling Meadows, Glendale and Atwood.
Are home prices dropping in Lake Edge?
Yes, home prices in Lake Edge are down 11% in the last 12 months.

Home Trends in Lake Edge, WI

Home Trends

Median Price (12 Mo)
$344,000
Median Single Family Price
$348,000
Median 2 Bedroom Price
$525,000
Average Price Per Sq Ft
$263
Number of Homes for Sale
1
Last 12 months Home Sales
46
Months of Supply
0.30
Median List Price
$325,000
Median Discount From 1st List Price
-1%
Median Home Sale Price YoY Change
0%
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