Friday, March 31, 2017

Price Reduction on Delavan Lake waterfront home

     If you want to be directly on the water, but haven't quite gotten to the point where you can afford a million dollar property, a lake home on a channel or tributary may be a great starting point.  Delavan Lake has a number of properties on three lake access points that give the lake life opportunity for a fraction of the price of the main body.
     The three areas for Delavan are the Inlet, the Outlet, and Brown's Channel.  The water coming into Delavan Lake either comes from the Inlet, which is fed by Jackson Creek, or by Browns Channel, which is fed by Browns Creek.  The water then leave the lake through the Outlet where the Borg Road Dam is located.
     For properties on the Inlet and the Outlet, a boater has to contend with a bridge in order to get to the main body of water.  For those living on Browns Channel, it is a clear shot to the main body without a bridge to be concerned with.
4320 East Drive on Browns Channel of Delavan Lake
     An example of an affordable home on Browns Channel can be found at 4320 East Drive.  Built in 2005, this charming two-story has wood floors on the main level, a first floor master bedroom, open concept kitchen and living area and a cozy natural fireplace.
Open Concept with Natural Fireplace
     The upper level is designed with an open loft sitting area, open loft bedroom space and a traditional bedroom with full bathroom.  The loft area looks down into the great room with views of the fireplace and water frontage of Brown's Channel.
Boat lift waiting for your craft to head out to Delavan Lake.
     The advantages of this home include carefree maintenance of its cement board siding, affordable price of $309,000, and best of all... your boat just steps away from the patio.  Owners like to brag that they leave the car keys on the counter, pick up the boat keys, and head right out to the lake.
     Nestled in the safe, social community of South Shore Manor, the home also has access to a park at the end of a peninsula that jets out into the main body of Delavan Lake.  At this park you will find a beach, picnic area and a fishing pier.  If the same home was available on the main body of Delavan Lake, it would be offered for twice as much.

Tuesday, March 28, 2017

New Delavan Lake Listings Spring Up in Tight Wisconsin Real Estate Market

     Spring is here with a number of fresh listings on Delavan Lake, WI.  With inventory at historic low levels, some of the lakefront sellers are trying to retest the market after failing to sell last year.  Condo owners seem to be looking for a quick sale and are pricing at the market rate.
     The newest offerings range from a one bedroom condo to a 8,000 square foot lakefront.  If you are looking for value, choose the one bedroom.
1457 Delavan Club
     Listed for only $139,900 the one bedroom unit, in the Delavan Club, is a solid value for those that want to try the lake life without the long term commitment.  The association includes the best outdoor pool on the lake, tennis courts, pier system, boat launch and a two-story club house that has amenities found in local health clubs such as a sauna, steam room and exercise room.
2235 Landings Lane in the Geneva Landings Comples
Click here for a tour of this condo
     Moving up the condo ladder is an updated two bedroom unit in the Geneva Landings complex, which is located adjacent to Delavan Club.  The advantage for Geneva Landings is a shorter wait for a boat slip (about one year instead of seven) and a bit more of an architectural appeal for the buildings.  The condo, selling for $234,900 has a main floor master suite and a spiral staircase up to a loft that holds a second bedroom and full bathroom.  The Geneva Landings complex also has a pool and exercise room but lacks tennis courts and locker rooms.
     Two new lakefronts also have come to the market.  Both have been listed previously with neither receiving offers due to serious defects in design and quality of the homes.
2582 North Shore Drive
     The first is located at 2582 North Shore Drive.  Also known affectionately as "Concrete Point" the property contains a quaint Victorian in need of a number of repairs.  The house is slipped into an irregular lot along a shared driveway but has panoramic lake views and a seawall that includes a concrete patio at the point - hence the name.  The property will be a major project for someone who falls in love with the architecture and has the time, energy and money to restore it to its grandeur.  Previously listed at $799,000 the property has now been reduced to $725,000.
2938 North Shore Drive
    The most recent lakefront to hit the market is a convoluted number of additions put together with limited planning or design.  The home is located at 2938 North Shore Drive and is listed for an incredible $2.9 million.  Featuring a steep, wooded slope that most home buyers avoid, the home is over 8,000 square feet of a maintenance project with rotted wood and dated interior.  The tiny kitchen is sandwiched in the middle of the home and in need of some remodeling.  Better values can be found for a million dollars less.