Spec Delavan Lake Home Finally Sells

     Starting at $1,250,000 the poorly designed Delavan Lake spec home at the end of Glen Eyrie has finally sold after four years on the market.  Of course the sales was at a substantial discount from the profit driven original price.
      Glen Eyrie used to be part of the Buzzell Farm and was divided into a subdivision in the 1960's.  The lot at the end of the road was to be reserved for homes on North Shore Drive to enjoy and was not intended to be built on.
     Lawyers will be lawyers, however, and money here and there resulted in building permits being issued for a spec house with many design flaws and little appeal to the typical lake buyer.
     The home had no master suite, no garage, no direct walk out to the lake and shares its frontage with seven other homes.  All of these families have the right to walk in the front yard and use the pier at any time.  Additionally, the home is only allowed one boat slip unless others in the association agree to allow a second.
     These are not generally features that one wishes to purchase for $1,250,000.
     With a series of reductions, the home finally found a buyer at $775,000; right near the assessed value of $789,000. 

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