Waupaca Chain O' Lakes Real Estate News & Information
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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!

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.

Town of Dayton Candidates Tout Experience

Waupaca chain o lakes dayton election picThe Eastern portion of the Waupaca Chain is part of the Town of Dayton:

For the past two Dayton town board elections, Chris Klein has run unopposed for chairman.

This year, he faces challenger Dave Armstrong on the April 7 ballot.

Both candidates met with the Waupaca County Post and discussed their experience and what they hope to accomplish over the next two years if elected to the position.
- See more at: Waupaca County Post

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, there is no question why this property sold so quickly.

Listed for sale at $595,000 the 1,379 Sq ft ranch home has a master bedroom suite, 2 additional bedrooms, 2 beautiful 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.

Waupaca Chain SOLD 600x375

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