Grandma's Cottage is First Lakefront Sale for 2013

     The 2013 Delavan Lakefront real estate market has started with a whimper.  Grandma's cottage, a six-bedroom, one-bath (yes, think long waiting line) lakefront is the first sale of the year going for the bargain price of $295,000.

     Listed originally for $379,000, the home sported 50 feet of level frontage on the South Shore with expansive views of the entire lake from the end of the dock.  Buyers were drawn by the large lakefront porch and wooded neighboring lot that gave a sense of privacy to the parcel.

     The home had sold for $385,000 in 2008.  A time that was near the top of the real estate market on Delavan Lake.  Assessed also at $385,000, and with lakefront selling for $8000 a foot, the property was a solid value for its new owners.
     There are three other lakefront parcels under contract already this year.  Sales should be similar to last year when 20 lakefronts exchanged hands.

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