Placing Properties in Delavan's Proper Pricing Zone

     Properly priced properties continue to sell on Delavan Lake. 
2408 North Shore recently sold for $1,005,529

     The most recent example, located at 2408 North Shore Drive, is a magnificent 6,500 square foot six-bedroom with panoramic views of the main body.  Custom built in 2001 for its discriminating owners, the great room featured a river of stone flowing through handcrafted hickory floors.
     Listed originally at an excessive $1,475,000, the 30% rule came crashing the party, and slashed the accepted offer price to just over $1,000,000.  This is typical of what we are seeing in the area.  Homes listed at the peak of 2007 need a 30 percent haircut to get them to current value levels if owners expect to get a sale.  Once there, the demand is still strong, with a very limited inventory of product available in the $700,000 to $1 million range.
2351 South Shore purchased for $1.222,500, now available for $975,000

     One such example, is the four bedroom lake retreat located at 2351 South Shore Drive.  Similar in frontage to the recently sold 2408 North Shore property, this offering trades the woodsy nature of the North Shore home with a Nantucket feel of refreshing colors and family friendliness.
     Purchased for over $1.2 million in 2007, the owners of this South Shore lakefront have taken their lumps and appropriately priced the home for $975,000.  As only one of three properties in this range, it offers the best views, layout and functionality of the group.

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