Tuesday, May 1, 2018

2018 Sales Start off Slow for Delavan Lake, WI


     Sales of homes around Delavan Lake were limited for the first quarter of 2018, just as they were in 2017.  For the first three months, there were only 10 sales of lake homes and condos compared to eight for the previous year.  Two of the sales were lakefront properties, one which sold for $675,000 and the other for $990,000.
Recently sold Delavan Lakefront on South Shore fetched $675,000

     The offerings of properties for sale are limiting overall activity.  There are only 36 homes currently on the market that have lake frontage or lake access on Delavan Lake.  Usually, we would have around 60 properties that are for sale at this time of the year.  Condos are also in short supply with only 16 units listed.
     Lake access homes start at $56,000 for a tear down cottage off of Dutch Mill which is on the south side of the lake.  The cottage, with a faulty foundation and collapsing walls, has a lake view and water access at the end of the street.  The most expensive lake access property is located off the north shore on Viewcrest Drive.  Priced at $539,000, this three bedroom, reconstructed home, features lake views and a boat slip across the street.
     For homes directly on the water, prices start at $459,900 for a five bedroom cottage at the end of Bennett Street on the south shore.  With its tiny bedrooms and dilapidated structure, the property will require a substantial investment to bring it up to most people’s standards.  The most expensive property for sale on Delavan Lake is a short distance away from the Bennett Street one.  Shodeen Homes is building a $1.4 million home that includes 120 feet of lakefront, six bedrooms, five bathrooms, a walk out lower level and 3881 square feet of living space.
     The best value on Delavan Lake right now is located at 2804 Manor Lane.  Situated on the south shore, this property has 100 feet of level frontage and a park-like fenced in back yard.  The four bedroom two story has an open concept living space on the first floor with views of the water from the kitchen, living and dining rooms.  A large deck wraps around the front of the home with plenty of space for entertaining or relaxing in the sun.  Although the home needs some updating, it is priced at only $799,000 so a new owner could remodel without breaking the $1 million mark.
2804 Manor Lane offers one of the best values on Delavan Lake.
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     The best value for a lake access home is a newly listed three bedroom located at 4600 Silverwood Drive.  This home is in the Viewcrest Estates subdivision and is meticulously maintained.  Offered for $350,000 the property has a remodeled kitchen with granite counters and stainless steel appliances, a spacious master suite and incredible space that includes a four car attached and a four car detached garage.  The property has a boat slip and has access to an association beach, boat launch and swim pier.
4600 Silverwood Drive includes a four car attached and a four car detached garage.
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