Waupaca Chain O' Lakes Real Estate News & Information
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Waupaca Chain News and Info

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With Ice Fishing at Mid-Season Form on the Waupaca Chain O’ Lakes – 2nd Miner Lake Sale Helps Start the 2015 Home Selling Season Early

Waupaca Chain O lakes W Miner soldThis Waupaca Chain O’ Lakes – Miner Lake well maintained year around cottage with 1,100 Sq Ft sold after being on the market since April of 2014.

Initially listed for $379,000 this 3 bedroom cottage with 60 feet of water frontage was last listed for $349,000.

This East facing cottage has three smaller bedrooms, one full bath, a walkout lower level and a metal roof.

At the time of the sale, this property had a fair market tax assessment of $339,000.

Second Waupaca Chain O’ Lakes Property Sells as the Ice Gets Thicker

Waupaca Chain O lakes E Miner soldThis completely updated, remodeled and redecorated year around Waupaca Chain O’ Lakes home on Miner Lake sold after being on the market for a very short period of time.

Just steps from the water, facing West, with a nice deck and 71 feet of sand lake bottom,this property sold quickly.

Listed for sale at $595,000 the 1,379 Sq Ft ranch home has a master bedroom suite, 2 additional bedrooms, 2 nice decks, 2 full baths, a wood burning fireplace, vaulted ceilings and no garage.

When this property sold, it had a fair market tax assessment of $436,000.

Cool Summer This Year However – 2014 Real Estate Sales on the Chain O’ Lakes are 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 double 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 has 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.
Waupaca Chain o Lakes Graph 2014 at 31 at 650
And, Chain home sales this year have been 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!

Sterling Water Acquires Waupaca Culligan Dealership

Waupaca Chain O Lakes Culligan 1 300WAUPACA – Central Wisconsin-based Sterling Water – Chain of Lakes LLC, a subsidiary of Sterling Water Inc., has acquired Culligan of Waupaca.

Sterling Water is a third-generation business that opened in Ellsworth, Wis., in September 1949. The franchise has since grown into a four-dealership organization across Wisconsin and central Minnesota.

“Our approach to business is to not only exceed our customer’s expectations in products and service, but to treat our customers as we would our own family — with kindness and respect,” general manager Darrell Sather said in a statement.

Sather said Sterling Water will retain the staff in Waupaca and plans to hire additional staff in the near future.

For more details Appleton Post Crescent

Chain Groups Meeting Schedule

Lake District Regular Meeting – Waupaca Chain O’ Lakes
10:00 AM Saturday April 18, 2015
Farmington Town Hall
Hwy 54 & Cty Road Q, Waupaca

Lake Association Board Meeting – Waupaca Chain O’ Lakes
Saturday, April 18th 2015, 8:30 AM
Farmington Town Hall

Lake Association Annual Meeting – Waupaca Chain O’ Lakes
9:00AM Saturday June 20, 2015
Marden Center
Wisconsin Veteran’s Home, King

Lake District Annual Meeting – Waupaca Chain O’ Lakes
9:00AM Saturday August 8, 2015
Marden Center
Wisconsin Veteran’s Home, King

Waupaca Chain O’ Lakes District web site
www.waupacachainolakesdistrict.com

Waupaca Chain O’ Lakes Property Owners’ Association
www.waupacachainolakesassociation.com

Waupaca Chain O’ Lakes Condo Jump-Starts Real Estate Sales on the Waupaca Chain O’ Lakes

Waupaca Chain O lakes Wingspan condo soldA Wingspan – Round Lake – Ravenwood Condo was the first piece of Chain real estate to sell for 2015.

This 1,550 Sq Ft unit has 3 bedroom and 1 ½ baths.

Initially listed for $285,000 late in 2013 this unit was on the market for a while. Last year Chain real estate sales were hot, Hot, HOT so maybe this sale, on the 5th of January, indicates another “HOT” year for Chain property sellers.

This Round Lake Condo had a final listing price of $259,000 and at the time of the sale carried a Fair Market Tax Assessment of $255,400.

Final Waupaca Chain O’ Lakes Property Sale for 2014

Waupaca Chain property sales were hot, Hot, HOT in 2015 !!
Waupaca Chain O Lakes real estate Whispering pines
This Long Lake, Waupaca Chain O’ Lakes, property which was last listed for $819,500 sold just before Christmas after being on the market for just 6 months.

Both the buyers and sellers were represent by Re/Max Lyons Real Estate.

This property is very large by Chain standards with 3/5s of an acre of land and 101 feet of sand bottom lake frontage.

This completely updated year around home has 2,942 Sq Ft of living space, two garages, three bedrooms and two full baths and nice views of the lake. At the time of the sale the property had a tax bill assessed value of $596,000.

For a complete list of all Waupaca Chain O’ Lakes properties that sold in 2014 – showing what each sold for along with a list of all properties on the Chain currently for sale please go to www.WaupacaWaterfront.com

Columbia Lake – Waupaca Chain O’ Lakes Home Sells at Christmas Time

Tis the Season …
E1079 Whispering pines Waupaca Chain O Lakes GIS
A Chain property, near Peterson Marine & The Casino on Columbia Lake changed hands just before Christmas…

This three bedroom – two full home has 50 feet of frontage on Columbia Lake. At the time of the sale the property had a fair market tax assessment of $305,900.

For a complete list of all Waupaca Chain O’ Lakes properties for sale and that have sold please visit www.WaupacaWaterfront.com

For a Waupaca Chain “insiders’ newsletter” – so you stay up to date regarding all Chain properties have sold or that come up for sale … please sign up for a valuable “insiders’ newsletter” www.ChainNewsletter.com – no junk EMs, no recipes, no pictures of cute cats or dogs – just valuable and informative Chain News