Island of Delavan Lake Home Finally Sells

     After being on the market for over four years, the five-bedroom Tudor, located on the Island of Delavan Lake, has finally sold.  Boasting 215 feet of prime Delavan Lake frontage, and an acre of real estate, the parcel had one of the best views available in the area.

     Originally listed for $1,999,000 in October of 2008, the property finally succumbed to the soft market and was relinquished for a mere $730,000.  The sale represented only 47 percent of the assessed value which stood at $1,555,000 at the time of the transaction.
     In addition to the five bedroom, the home had four baths, 3,000 square feet of living area, a large lakeside patio and an attached 2.5 car garage.  But the home had fallen into disrepair over the last few years.  The roof needed replacement, siding was deteriorating, and a leak above the kitchen created an unsightly bulge to prospective buyers.
     The new owner, planning extensive remodeling, is sure to capitalize on a week real estate market.  With the planned updates, the home will most likely fetch somewhere near the assessed value once completed.

Comments

Elie Hirschfeld said…
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October 27, 2020 at 11:16 PM
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