2014 Chain Property Sales
Steve Huhta Remax

Waupaca Chain News and Info

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Cool Summer Last Year However – 2014 Real Estate Sales on the Chain O’ Lakes were hot, Hot, HOT!

It Was a Cool Summer This Past Year However – 2014 Real Estate Sales on the Chain O’ Lakes were hot, Hot, HOT!

2013 was a strong year for Real Estate sales on “The Chain” although the number of home sales – 17 transactions – was down from 24 transactions that occurred in 2012. However, the number of transactions last year – 2014 – was more than triple what we saw during the recession years.

So let’s talk this year’s numbers:

Prior to the start of the recession (2007) there were 15 Chain real estate transactions. Through the recession years of 2008 to 2011, there were 7-8 yearly real estate transactions on “The Chain” each year. Then things began to heat up and in 2012 the mercury shot up through the top of the thermometer with 24 real estate transactions before the end of the year.

This past Chain selling season started out “hot,” in spite of the cooler weather during the summer and just kept going with 31 transactions by year end. Yes, a record breaking – very hot year!

When analyzing Chain sales over the past several years, clearly the recession for waterfront purchases came to an end in 2012.

Bar-Graph-with-Houses-WP
And, Chain home sales last year were spread all across the value spectrum – from well over the million dollar number to a low of $190,000.

At one point in 2011 there were 54 homes for sale on the Chain. Today, there are between 32 and 35 properties with for sale signs posted (and without pending status the MLS) for most of 2014.

Additional analysis also reveals an interesting phenomenon…

When reviewing homes that sold for under $450,000 in 2013, 9 of the 10 sales saw a price that was below, the tax assessed, fair market value. This trend continued in 2014 – but, the disparity has narrowed this year – with only 11 out of 19 transactions again below their tax assessed fair market value in the lower price category.

In contrast, of the homes that sold for over $450,000 on the Chain, the selling price in 6 out of 7 transactions in 2013 were higher than the tax assessed, fair market value. This trend continued in 2014 with 8 out of 10 homes listed for over $450,000, selling for more than the tax assessed fair market value.

This past summer, there were 3 to 4 new homes being built or just finished along Waupaca’s Chain O’ Lakes shores. In some cases, prior to the recession, the buyer chose a residence more for its land, location and waterfront access. Only to tear down the existing property and rebuild their new home on the existing lot. In this instance, 3 of the 4 homes under construction now were owned and lived in before deciding on new construction, thereby investing in their properties, so they may enjoy these homes, long term.

If you’re thinking of selling your Chain property, Waterfront and Waupaca Chain O’ Lakes property specialist Steve Huhta and his office of Re/Max Lyons Real Estate were trusted in 2013, with more transaction sides than any other Realtor or real estate company in the area. This team is well informed and always updated as to current sales and marketing trends so they are your most reliable source for current information regarding Chain O’ Lakes real estate transactions.

For a complete list of Waupaca Chain O’ Lakes properties for sale as well as “Insider” information on homes that have recently sold, visit www.WaupacaWaterFront.com

You will be glad you did!

28th Waupaca Chain O’ Lakes Home Sells – on Dake Lake

channel park soldThe new owners of this property will be enjoying 68 feet firm bottom lake frontage on quiet – slow, no wake Dake Lake.  The home has 3 bedrooms, 2 full baths and a great room with a wood fireplace.

Originally listed for $389,000 in mid May of this year and listed for $374,900 at the time of sale – this one did not take long to change owners.  At the time of the sale the property had a fair market assessment of $384,000.

This is the 28 Waupaca Chain O’ Lakes property to sell this year, which compares to 18 last year.

There are currently 35 properties for sale on the Chain which compares to 53 that were for sale in the middle of the recession.

For a complete list of all Waupaca Chain Properties for sale and that have sold please click:  www.WaupacaWaterFront.com

Taylor Lake House Sells, on Harbor Bar Side of the Lake

Waupaca Chain O Lakes sold N2747 PARK LANE DRThis Waupaca Chain O’ Lakes – Taylor Lake house with 50 feet of frontage was on the market for a little over a year before selling recently.

The home featured 3 bedroom, 1 bath, fireplace, large deck with 2 gazebos, 2 car detached garage and 1,217 Sq Ft of living space.

The home was listed for $360,000 and had a tax bill assessed value of $354,900 at the time of the sale.

Unsolicited Offer Leads to Waupaca Chain Sale

N2445 E MinerThis small – 768 sq ft – 3 seasons cottage built on blocks – sold recently. The cottage has 67 feet of sand lake bottom frontage, 2 bedrooms and a great view looking West across Miner Lake on the Waupaca Chain O’ Lakes.

The property was never listed for sale as the buyer – who was represented by Steve Huhta, REMAX Lyons Real Estate – made an unsolicited offer to the owners of this property.

This slice of land on the Waupaca Chain O’ Lakes had a property tax bill assessment of $3445,000 at the time of the sale

For a complete list of all Waupaca Chain O’ Lakes properties that have sold or are currently for sales please CLICK HERE

Bank Owned Waupaca Chain Home Sells “Quick-O”

N2442 W MINER DRThis Waupaca Chain O’ Lake year-around foreclosed – bank owned – log home sold very quickly.  The property consisted of a quarter of an acre of land with 60 feet of sand lake bottom frontage facing east across Miner Lake.

The home has 3 bedrooms, 1,925 sq ft, 2 full baths and a very large detached garage.

Last listed at$429,900 this log home had an assessed value of $431,000.

Very Quick Sale on McCrossen Lake

Waupaca Chain O Lakes Sold E1372 GRANDVIEW RD

This one sold in about 2 weeks !!

With 110 feet of frontage on McCrossen Lake this property has a larger amount of waterfrontage by Chain Standards, on a great lake.

The home has 2,120 Sq Ft of living space, 3 bedrooms, 2 and half baths and a boat house with a guest quarters.

The initial and final listing price was $549,900 and the property carried a Tax Bill assessment of $620,000

Limekiln Lake- Waupaca Chain Home Sold

Waupaca Chain Real Estate Limekiln sale

This completely remodeled Limekiln Lake – Waupaca Chain home sold in August, as Chain property sales continue to be hotter than this summer’s weather.

The property has 60 ft of firm frontage and was initially listed in May of this year.

Listing at $699,000 at the time of the sale – The property was purchased by the sellers back in 2007 and currently has a Fair Market Tax Assessment of $442,000.

As the 19th property sale on the Waupaca Chain O’ Lakes this year – compared to 18 last year – this sales shows that Chain property sales continue to heat up even as water temps stay cool.

For more detailed info on Chain property sales, expert analysis of recent waterfront property sales or for a detailed list of all Chain properties for sale please Click Here.

Vintage Long Lake Cottage Sells

50101415This furnished 3 bedroom, 1 bath quaint summer cottage on Long lake has 80 ft of frontage, a 1.5 car garage and boat dock.

It was last listed at $450,000 and had an assessed value of $371,400.

For complete information about all Waupaca Chain O’ Lakes home sales please click here

Columbia Lake Sees its First Sale this Year

50059906This recently remodeled Chain cottage went on the market 2 years ago.

It has 68 feet of water frontage on Columbia Lake – Waupaca Chain O’ Lakes, 900 sq ft of living space with 2 bedrooms.

At the time of the sale the property was listed for $375,000 and had an assessed value of $354,700.

For a complete list of all Waupaca Chain O’ Lakes properties for sale, a list of what Chain properties are selling for and for some insightful analysis of Chain Real Estate sales please click here

Dake Lake, Waupaca Chain, Home on Very Large Lots Sells

N2228 Cleghorn Dake Lake Waupaca Chain o Lakes 50088880This Waupaca Chain O’ Lakes property was initially listed for sale in November 2013 and sold mid-summer so the new owners have lots of summer and fall time left to enjoy their new home.

By Waupaca Chain standards this 2,970 Sq Ft foot home, with 3 bedrooms and two full baths, was situated on a very large 1.55 acre lot, which has 143 feet of Waupaca Chain water frontage.

Open concept kitchen, dining & living area with cathedral ceiling, wood burning fireplace, large deck, metal roof and large 2.5 car garage helped sell this property fair quickly.

The property was creatively marketing by Steve Huhta and Re/Max Lyons Real Estate – online to help assure the sellers were able to attract the most possible out of town buyers.

At the time of the sale the property was listed for $675,000 and had a town of Dayton tax assessment of $589,000.

For additional information about all properties for sale on the Waupaca Chain O’ Lakes or more details on what Chain homes are selling for please Click Here

 

Steve Huhta

Re/Max Lyons Real Estate

920-889-9989

Very unique Long Lakes Property Sells in Just 2 Months on on Chain O Lakes

Waupaca Chain o Lakes E989 COLUMBIA LAKE DR 50100299Yes, 2 cottages on one property with firm frontage went on the market and then off very quickly as Waupaca Chain Properties continue to sell briskly.

With the two cottages together, the buyers will be taking advantage of 6 sleeping rooms,         2 full & 2 half baths, porches and a large yard.

This property has 100 feet of frontage on Long Lake and was assessed for $575,000 and was offered for $649,000

 

Sprawling Home on Otter Lake – Waupaca Chain Sells as Summer Gets Going

N3000 CRESTWOOD DR Waupaca Chain O Lakes Otter 50075869After being marketed by Re/Max Lyons Real Estate for about one year – this Sprawling ranch home sells on quite Otter Lake.

With 154 feet of water frontage this home has great views of the lake. 3,300 Sq Ft of living space and 4 bedrooms and three full baths provide the new owners with lots of space.

After being on the market for about one year this property was listed at $519,000 while carrying an assessment of $579,000.

 

Third Property Sells in 2014 on Taylor Lake

N2723 PARK LNYear around cottage/home on Taylor Lake – Waupaca Chain O’ Lakes – with 70 feet of water frontage has changed hands.

This 760 Sq Ft cottage/home with 2 bedrooms and one full bath was on the market, on and off, since early in 2012.

At the time of the sale this Chain property was for sale at $299,000 and carried a tax assessment of $351,000.

Waupaca Chain O’ Lakes – Gold Coast Home – Sells L’ Quicko

N2793 LOCKSLEY  50092202This 2,950 Sq Ft home, on Round Lake, sold very quickly – in just 3 ½ months!

With 65 feet of sand water frontage this 3 bedroom – 3 ½ bath home, with granite counters, new screened porch and upscale everything is a wonderful year around home, on one of the Chain’s larger water skiing lakes.

This property sold a few years ago for much less than this sale so, top quality Waupaca chain properties are still proving to be great investments.

The property was offered for $849,000 and had a Town of Farmington tax assessment of $484,000. No – we cannot explain this assessment as it had an tax assessment way under the sale price prior to this transaction.

The buyer was represented by Steve Huhta and Re/Max Lyons Real Estate. For a complete list of Waupaca Chain O’ Lakes properties for sale or for more detailed info about Chain properties sold: please go to www.WaupacaWaterfront.com

Steve Huhta
Re/Max Lyons Real Estate
920-889-9989

Rainbow Lake Cutie Sells

N2840 Rainbow Dr

Rainbow lake welcomes the new owners of this cottage just in time for summer.

Listed for $675,000, the Fair Market Tax Assessed Value was $599,300. This 1504 Square foot cottage has 3 Bedroom and and amazing 133 feet of sandy frontage on Rainbow Lake.

For a complete list of properties for sale or for a list of all Chain properties sold; please Click Here

Another Taylor Lake Home Sold

E1763 Pine Ridge Ln

Taylor lake sees it second sale this year

This Chain home on went on the market last Fall. It has 46 feet of water frontage, 1,400 sq ft of living space with 4 bedrooms.

At the time of the sale the property was listed for $349,900 and had an assessed value of $331,300.

The out of town buyer for this property was represented by waterfront property expert Steve Huhta The Chain’s number one Realtor for 2013 and REMAX Lyons Real Estate –

 

 

Taylor Lake Property Sale Triggers Dake Lake Sale

Waupaca Chain O Lakes Sold N2244 CLEGHORN RD

This Dake Lake – Waupaca Chain O’ Lakes property sold recently as the result of the new owners selling a property on Taylor Lake.

Recently updated, this “Daker” has 1,500 Sq Ft of living space, 2 bedrooms, one and half baths and granite counters.

With 100 feet of frontage the property was last listed for $ $460,000 with a tax bill assessed value of $439,900 and sold in less than one year.

Another Long Lake Home Sells

50076833

Long lake on the Waupaca Chain O’Lakes has been a popular spot this year for home sales with the third Long lake home to sell this year.

This 2700 Sq. Ft. home features 6 bedrooms, 4 bathrooms and recently updated kitchen. This move in ready home has 92 feet of sand frontage facing south. The for sale listing dates back almost 4 years.

This 2 story home was last listed for $689,500 and had an assessed fair market property tax value of $506,800.