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

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Miner Lake Cottages Sells on the Waupaca Chain

This nice two bedroom cottage with 71 feet of sand lake bottom frontage and 820 sq ft of living space sold recently on Miner Lake – Waupaca Chain O’ Lakes.

Waupaca Chain O Lakes Miner soldThe property faces west on a nice level lot with a detached 2 car garage.

At the time of the sale the property was listed for $395,000 and had a tax bill assessment – at almost the same number – $395,400.

Camp Cleghorn Neighbors Raze Cottages, Build New Homes Simultaneously

Thad Marcom has been building log and timber homes for years — and the construction process is usually pretty typical with few to no challenges. Such was not the case with two of his latest ventures at Camp Cleghorn.
Marcom, president of Strongwood Log & Timber Home Company, was first approached last summer about razing one of the cottages there and rebuilding it; and in the process making it a year-round home rather than only something seasonal. Marcom was somewhat concerned about the ability to get equipment in and out of the area because the lot sizes are only 30-feet wide.

Waupaca Chain O Lakes camp cleghorn foundations

Fortunately for him and the homeowner, the owner of a neighboring cottage overheard the conversation and decided he’d also like to tear down his older home and build something new that also could be lived in year-round.

“It actually worked in both of their benefits. It would have been extremely hard to do just one of them, as they’re only about five feet apart and are on 30-foot x 100-foot lots,” said Marcom. “So when I tore two down that were right next to each other it gave me more room to work, even though I was building two houses. So instead of having 30 feet to work with I had 60 feet.”

Because Camp Cleghorn rules forbid outdoor construction between Memorial Day and Labor Day, Marcom and his crew had to wait until September to begin the demolition. But right after Labor Day, both houses were torn down and reconstruction work began.

Marcom said the size of the homes and lots presented challenges for him in the building process. “This is an unusual thing to work on two places next door to each other, but also specifically because the houses are very small individually,” he explained, adding that the two new homes are 24-feet wide with six feet in between them (most all homes in Camp Cleghorn have only five or six feet between them). “But as a combined project, it turns out to be about the size of a typical single house that I do.”

“I probably would have turned the job down if I’d only gotten one of them,” Marcom continued. “But because I ended up getting both, it eliminated a lot of the challenges that would have been there otherwise.”

With some of those challenges removed, doing both homes simultaneously resulted in cost-savings for the two homeowners, as well. Marcom estimated they each saved approximately $25,000.

As of mid-April work on the two homes is ongoing, but it’s expected everything will be done by mid-May, just ahead of the Memorial Day weekend and the start of the Camp Cleghorn’s high-season.

About Camp Cleghorn sidebar:

Located on Columbia Lake off of Cleghorn Road, Camp Cleghorn is an association of 41 cottage owners located on the south-east corner of Columbia Lake (part of the Chain-O-Lakes). The camp was founded in 1897 as a summer camp with the mission of educating campers on the virtues of temperance and persuading them to forswear “demon” rum and all other alcoholic beverages. And while cottage/homeowners can partake of alcoholic beverages today, there is no drinking permitted outside of one’s home on the camp grounds.

There is one misconception about Camp Cleghorn that board member Tom Hackbarth wants to set straight, however.
“The biggest misconception about Camp Cleghorn is that a lot of people think we’re tax-exempt, and we are not,” he says, adding that the cottage or home owners all own stock in the corporation, which owns the land. The property owners lease the land for a very nominal one-time fee. “If you buy a place here, you get a 99-year lease for something like a buck.”

All members pay dues to offset the common costs of property taxes, road maintenance, security lighting, and all other expenses incurred by the Camp. Taxes are paid on all lands and buildings except the Chapel and fellowship hall.

For more information:
2015 Strongwood Log & Timber Home Company | www.gostrongwood.com
711 Shadow Road
Waupaca, Wisconsin (WI) 54981
1-866-258-4818

Camp Cleghorn | www.campcleghorn.com
By Cheryl Hentz

2015 Waupaca Chain Property Sales Off to a Great Start

And They’re Off!
2015 Chain Property Sales Off to a Great Start

“Blah, blah, blah.” Is this what you hear when the housing sales reports come on the national news? Well, here on the Waupaca Chain O’ Lakes the sales report is a winner for property owners as Chain buyers are continuing to acquire properties at a record pace.
Waupaca Chain o Lakes horses off to fast start
Property sales for the first quarter of 2015 have been steady—about equal to last year, and half of the sales so far have topped their Fair Market Tax Assessment value. Six homes have sold since January first of this year, which is neck and neck with last year’s record-breaking number of transactions.

Currently, there are 32 Chain homes on the market. In comparison, and at the height of the recession, 54 homes had a FOR SALE sign parked in front of them here on the Chain. Bottom line? To summarize, inventory is down and sales appear to be on pace for the start of another great year.

Another promising note is that after many years with no condo sales on the Chain, another Wing Span condo unit—on the market for several years—sold this past January. And another higher priced Chain property, listed since 2007, sold in March. Clearly, higher value homes are drawing interest and new buyers are demonstrating that investing in a Chain O’ Lakes home is a safe bet. All in all, great news if you’re thinking of selling Chain property. Click here to check out the 2014 Sales Report and you will see sales have been on the rise for quite some time now.

A Chain property seller recently interviewed three local Realtors before deciding whom to list with. Steve Huhta and Re/Max Lyons Real Estate got the listing. Why? Steve’s A unique and creative marketing plan, designed specifically for that property, is helping assure that the most possible number of out of town buyers sees the property. That means it should sell for the highest possible price. Steve Huhta and Re/Max Lyons Real Estate, are your winning by: always staying current on Waupaca Chain sales and marketing trends and coming up with marketing plans for sellers that other Realtor just don’t take the time or invest the money to do.

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

Chain Groups Meet & Meet on Saturday

Waupaca Chain O Lakes Assocation logo

Waupaca Chain O’ Lakes Property Owners Association Board Meeting
Saturday, April 18th 2015, 8:30 AM

Farmington Town Hall, Hwy 54 and Hwy Q

Waupaca Chain O Lakes district logo

Waupaca Chain – Lake District Regular Meeting
Saturday – April 18th 2015, 10:00 AM

Farmington Town Hall

Here Comes Fishing! Waupaca Chain – DNR Survey Chain Fish Population

Great news on the Chain!

DNR Waupaca Chain O Lakes Fish Survey

Ongoing fish surveys this week gauging the population, health and size of Northern Pike and Walleye make for good news for fisherman. Al Niebur, fish biologist with Wisconsin DNR, reports that a 2011 Walleye fingerling stock has grown from 5-7” to a whopping 18”.

“We are very pleased with the fast growth and health of these fish.” Niebur explained.

Along with netting the young Walleye and Pike for assessment, a catch & release initiative, Brown Trout, Bluegills, Warmouth and Green Sunfish, a rarity in out lakes but a pan fish popular, have also been found.

“As the ice melts and moves out, Walleye and Pike begin to spawn. This is the time to catch and release to assess health, population and growth” Niebur went on to say. From the looks of things, it’s time to start organizing that tackle box.

By Terry Kohl

PARADISE on the Waupaca Chain O’ Lakes & Priced to Sell!

Waupaca Chain O Lakes Real Estate (3)

Beautifully remodeled, professionally redecorated and completely updated year around home on Columbia Lake, Waupaca Chain O’ Lakes:

The new owners of this property will only need bring cloths and some sustenance as they will then be ready to start “funning” on the Chain.

Inviting friends and family will be a delight as this “open concept design” has tons of space for a larger group.

This home faces south and looks across water skiing Columbia Lake. Large windows afford great lake views and multileveled/spacious decks and a gas indoor outdoor fireplace provide lots of space to enjoy the outdoor views.

This property is located right in the center of the Waupaca Chain O Lakes system so you can boat quickly to your favorite hot spot.

Professionally landscaped yard and large shade trees complete the package in the back yard. A few steps down for the deck and you will be on level ground to the waterfront.

Chain year around living … so don’t delay, as this one will not last.

For a complete list of all Waupaca Chain homes for sale or that have sold please visit www.WaupacaWaterFront.com

Waupaca Chain O Lakes Real Estate (5)

Priced to Sell on McCrossen Lake – 3 Bedroom Year Around Home – Great Swimming

Waupaca Chain O Lakes McCrossen Front3 bedroom 2 full bath year around open concept home on clear, deep and weed free McCrossen Lake – Waupaca Chain O’ Lakes.

McCrossen Lake is a very popular swimming lake and is connected to 13 other lakes that make up the Waupaca Chain O’ Lakes.

This home is situated very close to the water on a level lot so you are just a few easy steps from a get together on your grassy shore line – just a few steps from getting on your boat or just a few steps from going swimming.

McCrossen Lake is a no wake lake however, this property is also located just a couple minutes from water skiing on Rainbow or Round Lakes and just a short boat ride to the Harbor Bar. For more information about this Chain Home www.McCrossenLake.com

Or, for a complete list of all Waupaca Chain properties for sale & that have sold, please visit www.WaupacaWaterFront.com

Originally Listed in 2008 Sold in 2015: Large Home on Limekiln Lake, Chain O Lakes Sells

Waupaca Chain O lakes pleasant Park soldLarge home with 80 feet of Lake Frontage, on large lot has finally sold.

This 3 bedroom year around home has 3,233 Sq Ft of living space, 3 baths, 2 car attached garage, and many updates.

Initially, the property was listed for $795,000 and had a final listing price of $499,000. At the time of the sale the Fair Market Tax value was $567,700.

For more details regarding on all Waupaca Chain O’ Lakes property sales and for a complete list of all Chain Properties for Sales please visit:  www.WaupacaWaterFront.com

 

As the Ice Moves Out of the Waupaca Chain, a New Owner is Moving in on Taylor Lake

Waupaca Chain O lakes Otter soldThis unique summer rental “cottages” property on the Waupaca Chain O Lakes has sold – for the second time in 5 years.

The main house has 2 bedrooms, two baths, 50 feet of frontage and is located on Taylor lake.

In addition to the main home, this property also includes 2 one bedroom summer rental cottages.

The main house has 1,008 Sq Ft and each cottage is approx. 400 sq. ft.

At the time of the sale this property was listed for $329,000 and had a tax assessed fair market value of $336,000.

For a complete list of all chain properties that have sold recently and for a list of all Chain properties for sale:  www.WaupacaWaterfront.com

Priced to Sell on McCrossen Lake – 3 Bedroom Home – Great Swimming

Waupaca Chain O Lakes McCrossen Front3 bedroom 2 full bath year around open concept home on clear, deep and weed free McCrossen Lake – Waupaca Chain O’ Lakes.

McCrossen Lake is a very popular swimming lake and is connected to 13 other lakes that make up the Waupaca Chain O’ Lakes.

This home is situated very close to the water on a level lot so you are just a few easy steps from a get together on your grassy shore line – just a few steps from getting on your boat or just a few steps from going swimming.

McCrossen Lake is a no wake lake however, this property is also located just a couple minutes from water skiing on Rainbow or Round Lakes and just a short boat ride to the Harbor Bar. For more information about this Chain Home www.McCrossenLake.com

Or, for a complete list of all Waupaca Chain properties for sale & that have sold, please visit www.WaupacaWaterFront.com

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!

Sold Finally !! Waupaca Chain O’ Lakes Property on Round Lake Changes Owners After 8 Years on the Market

SOLDArea lakes are still covered by     thick ice but Chain home sales are super “hot!”

This Waupaca Chain O’ Lakes property located on Round Lake had been for sale – on and off – since 2007 when it was listed for $1,250,000.  The most recent listing had it on the market for $830,000 when it sold at the beginning of March 2015.

The property has 105 feet of wonderful hard sand water frontage facing south. The home is large by Chain standards with 3,181 Sq Ft of living space, attached garage, 3 bedrooms and 3 full baths.  The home sets on a very large – .65 acre lot.

At the time of the sale, the property had a fair market tax assessment of $615,000.

Waupaca Chain Home For Sale on Extra Large Lot

Waupaca Chain O Lakes Otter Front croppedThis is a prime – secluded Chain location on – quiet Otter Lake. Property is “huge” by Waupaca Chain standards with 1.72 acres of land and 116 feet of water frontage all on a dead end road, with very little traffic.

The property has frontage on Otter Lake and also easy deeded dock access on level firm ground, a very short distance from the property.

Otter Lake is a quiet, no wake and deep lake with quick access to all of the other lakes on the Waupaca Chain O’ Lakes.

This 3 bedroom, 2 full bath home features an open concept design including a large kitchen – dining area and good sized living area featuring a nice fireplace.

Nice size master bedroom suite includes walk-in closet and master bath. A large 1 car garage with ample storage for all your waterfront home lake toys complete this well built waterfront home.

For more info and all the pictures of the Waupaca Chain home please go to www.Otter-Lake.info

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