HOME Buyer,Owner &Renter
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Now Featuring
Rental Properties
Serving Southeastern Wisconsin & Northern Il inois
April/May 2019
REAL ESTATE • RENTALS • NEW HOME DEVELOPMENT • BUILDERS Property featured by:
Keller Williams North Shore West • See page 11 for more details
Featured Property
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HOME BUYER, OWNER & RENTER
OCT. 2018
“SHARED PURPOSE. MUTUAL VALUES” TM is a registered trademark of the National Association of Mutual Insurance Companies. All rights reserved. © 2012 National Association of Mutual Insurance Companies.
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SHARED PURPOSE. MUTUAL VALUES.
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STOCK PHOTO Home Buyer
When applying for a home mortgage, it’s critical to understand your financial situation and have the facts on employment and credit history along with a clear picture of your income vs. expenses.
Real estate financing: Credit
Income and debts
Determining your ability to repay the debt on time each month is important to a lender when making a loan decision. A debt-to-income
See FINANCING, Page 10
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Your credit is a critical factor for lenders making a loan decision. They will learn more about your credit history and credit score by pulling a credit report. A credit report shows how well an applicant has repaid any loan or credit obligation. Usually lenders look at the most recent pay history and look for debts with a high balance. While score is important and will most likely have an impact on the interest rate offered, the detailed pay history plays a significant role in whether an applicant is approved or declined. Does this mean if you have a past blemish
on your credit you will be denied a home loan? Not necessarily. There are many factors lenders consider. “It is very important to our team to call every applicant,” says Patterson. “Our customers are more than just a credit score. We want to understand their journey and provide the financing program that best fits their situation.”
HOME BUYER, OWNER & RENTER
Buying a new home is an exciting milestone. While finding the right home is essential, the most important step toward homeownership is making sure you’re ready to apply for a home loan. Applying for a mortgage is not something people do every day, so it’s natural to have questions. There are several factors that help determine a loan decision, along with strategies you can follow to help position yourself for the best loan at the best rates. Angela Patterson, Vanderbilt Mortgage director of Credit and Credit Services, explains the three factors that have the biggest influence on any loan decision.
APRIL/MAY 2019
The 3 main factors lenders consider
Derek Harkness • MP#221552 12 S. Jackson, Elkhorn, WI 53121 (262)723-4240 • www.dereksplumbing.com
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SERVICE DIRECTORY
How to save up for your first home
Home ownership is a dream for people across the globe. Many people save for years before buying their first homes, squirreling away every dollar they can with the hopes they can one day become homeowners. But thanks to factors beyond their control, even the most devoted savers can sometimes feel like their dream of home ownership may never come true. According to the Pew Research Center, American workers’ paychecks are larger than they were 40 years ago, but their purchasing power is essentially the same. Things aren’t much different in Canada, where analysis from Statistics Canada and the Bank of Canada has shown that, since 2015, wage growth in Canada has been weaker than in the United States. Various challenges can make it difficult to buy a home. However, some simple strategies can help prospective home buyers build their savings as they move closer to the day when they can call themselves “homeowners.”
Determine where your money is going
Wayne DuPont
P.O. Box 406 Elkhorn, WI 53121
ELKHORN: (262) 742-3159 WHITEWATER: (262) 473-3400 FAX: (866) 804-1463 lakesareagaragedoorllc@charter.net 103108
If you’re finding it hard to grow your savings, audit your monthly expenses to determine where your money is going. Using exclusively debit or credit cards can simplify this process, as all you need to do is log into your accounts and see how your money was spent over a given period. If you routinely use cash to pay for items, even just to buy coffee on the way to work, keep a notepad handy so you can jot down each expense. Do this for a month and then examine how you spent your money. Chances are you will see various ways to save, and you can then redirect that money into your savings account.
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Become a more savvy grocery shopper
Located North of Elkhorn on Hwy. 67 & 12 • (262) 723-6422
We offer: • Expert Service Technicians • Water Right Water Softeners • HVAC & AC & Aprilaire Installation • Septic/Mound Systems • Water Heaters, Tankless heaters
SERVING THE COMMUNITY FOR 37 SOLID YEARS!
Another great way to save more money is to alter something you already do each month: grocery shopping. If you haven’t already, sign up for discount clubs at your local grocer. This is a largely effortless way for shoppers, especially those buying food for families, to save considerable amounts of money. Shopping sales at competing grocery stores also can save money.
Dine in more often
341246
To be included in this service directory call
(262) 763-2575
The U.S. Department of Agriculture says that Americans spend, on average, 6 percent of their household budgets on food. However, the USDA also notes that Americans spend 5 percent of their disposable income on dining out. If these figures mirror your spending habits, you can nearly cut your food spending in half by dining out less frequently. That might be a sacrifice for foodies, but it can get you that much closer to buying your own home. (METRO CREATIVE)
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Want to buy a home? STOCK PHOTO Home Buyer
According to the National Association of Realtors, the median down payment for first-time homebuyers is 7 percent. Mortgage insurance it a tool that can help people purchase their first home years before they could save up a 20 percent down payment.
Do the math
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(BPT)
HOME BUYER, OWNER & RENTER
a mortgage. The savings a borrower might calculate today could be altogether negated by waiting even a few more years. Another factor is that rents are on the rise across the nation, leading to a reduced capacity for many would-be homebuyers to save for larger down payments. If you decide to buy today with a low down payment mortgage that has private MI, keep in mind that the monthly MI payments are temporary and go away, lowering the monthly payment over time. Again, private MI typically lasts about five years as it can be cancelled once a homeowner builds about 20 percent equity in the home through payments or appreciation and automatically terminates for most borrowers once he or she reaches 22 percent equity. Importantly, the insurance premiums on an FHA mortgage – a 100 percent taxpayer-backed government version of mortgage insurance – cannot be cancelled for the vast majority of borrowers. So, do the math and let the numbers guide you. There are many online mortgage calculators that can help. Check out lowdownpaymentfacts. org to learn more.
APRIL/MAY 2019
It is a common misconception that a 20 percent down payment is required to buy a home. Advice to wait and save a large down payment is often based on the theory that the cost of mortgage insurance, which is required when you buy with a smaller down payment, should be avoided. This may not be the best advice and is, in fact, not in line with market trends, considering the median down payment for first-time homebuyers is 7 percent, according to the National Association of Realtors. Yes, you can qualify for a conventional mortgage with a down payment as small as 3 percent of the purchase price. It is also true that you can reduce your monthly mortgage payment by paying for discount points at closing, but that can be 5 or 10 percent of the purchase price – not 20. And because every buyer’s situation is unique, it’s important to do the math. In today’s market, it could take a family
earning the national median income up to 20 years to save 20 percent, according to calculations by U.S. Mortgage Insurers using a methodology developed by the Center for Responsible Lending; a lot can change during that time, in the family’s personal finances and in overall mortgage market trends. How can buying now save you money later? Consider you want to purchase a $255,000 home. A 5 percent down payment is $12,750 versus $51,000 in cash for 20 percent down. With a 740 credit score at today’s MI rates, your monthly MI payment would be about $110, which is added to your monthly mortgage payment until MI cancels. MI typically cancels after five years; therefore, you will only have this added cost for a short period of time versus waiting an average of 20 years to save for 20 percent. With home price appreciation, today’s $255,000 home will likely cost more in the years ahead and this will also have an impact on the necessary down payment and length of time required to save for it. There are other variables in the equation too, such as interest rates. As federal rates rise from their historic lows, so too will the costs associated with financing
Insider tips for anyone buying or selling a house How many houses have you been outbid on? And if you’re an owner who can’t even get a nibble out of buyers – if some barely even bother stepping inside – are you starting to feel like screaming? Yes, times are tricky for both buyers and sellers. “Rising demand among millennials, full employment, and the strong economy have bumped against limited inventory,” the Washington Post reported, “which fuels price increases.” What to do? Read on for some of the best insider tips.
When to buy?
January and February are the best months to buy. Forget the “experts” who warn you
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MAIN WHITEWATER WEST OFFICE 1058 W. Main St. 207 W. Main Street P.O. Box 177 WI 53190 Whitewater, WI 53190Whitewater, 262/473-3666 (262) 473-2112
MAIN OFFICE 207 W. Main St. P.O. Box 177 Whitewater, WI 53190 262/473-2112
EAST TROY OFFICE 2546 E. Main St East Troy, WI 53120 262/642-2530
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EAST TROY OFFICE 2546 E. Main Street East Troy, WI 53120 (262) 642-2530
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NOW is the time to think “FIRST”... for your home mortgage refinancing needs.
STOCK PHOTO Home Buyer
Buying or selling a house in today’s fast-paced market takes some savvy. Home prices are rising as more people are entering the housing market.
What they’re looking at
Go online
A new roof is a sure-fire way to boost a home’s resale value. A perennial fixture on Remodeling magazine’s annual Cost vs. Value Report, roofs are often the first thing prospective buyers notice even before exiting their cars. And if yours pales in comparison to others up for sale in the area – or worse, looks like something out of “Twister” – that could explain the lack of nibbles. Patsy O’Neill, a sales associate with
Play the online odds. “Studies show that homes with more than six listing photos online are twice as likely to be viewed by buyers,” Trulia.com reports. Of course, that only applies if the house you’re trying to sell is photo worthy. And if it isn’t … well, let’s just say you might want to skip this tip. (NEWSUSA)
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Generation Z is quick to buy. We hear so
Sotheby’s in Montclair, New Jersey, has witnessed this effect first-hand. “If your current roof is an eyesore,” she says emphatically, “buyers will be predisposed to find other things they hate about your place. It’s just the way people’s minds work.” Your roof no longer cutting it? You might want to check out the popular Timberline roofing shingle line from GAF (gaf.com), North America’s largest roofing manufacturer, given their look of luxury at affordable prices. An even more upscale choice: the Designer Shingle line from the same company.
HOME BUYER, OWNER & RENTER
Who’s buying?
much about Millennials these days, but those born after 1995 caught Zillow’s attention for a very good reason: When they buy, they buy “quickly.” More than two-thirds of those Gen Z buyers spent less than three months on their search, compared to 54 percent of Millennials and less than half of both Gen Xers (born between 1965 and 1976) and Baby Boomers. One of the best ways to pique their interest? Smart home features that allow just about anything to be remotely controlled on their phones.
APRIL/MAY 2019
shouldn’t try to time the market. A recent study from NerdWallet shows houses typically cost 8.45 percent less during those two months than in June and August. True, the pickings might be slimmer, given that most sellers list a house in the peak spring or summer seasons. However, not only are you less likely to be up against buyers with wads of cash – they’re probably wintering in the likes of St. Barts – but you’ll also stand to profit from a time-tested truth. “If their home is (still) on the market in fall or winter,” notes the home improvement website BobVila.com, “chances are they’ll be eager to close.” With the median price of homes currently listed in the United States at $275,000, that 8.45 percent “discount” translates into a very un-chump change savings of more than $23,000 – and a lot more in pricier cities like San Francisco. Sellers, on the other hand, do best in the first half of May, according to Zillow.com.
•CLASSIFIEDS
CALL 262.728.3411 TO PLACE YOUR AD FOR RENT
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Apartments MUKWONAGO: 1BDRM 420 S. Rochester. Heat, Appliances. No pets/No Smoking. $625. 262-679-2703.
Burlington Apartments 1, 2 BEDROOM APTS. starting @ $590, $690 plus utility package. Animal/Smoke Free. Modern, clean, house size rooms, new appliances, carpeting & window treatments, off-street parking. Rental contract. Background checks. Polite clientele. 262-763-8202. 2 BED LOWER All util. incl., $840 + sec. avail. 3/1/19. 262-412-3486. 2 BEDROOM Income Qualified, available April 1. Call the Boardwalk, 262763-5959 for more info.
Rochester Apartments
Houses/Town/ Condos
1BR, 1 STORY on wooded lot. Private entry, incl. appl. & water. $625/mo + sec. 262-412-4340.
BROWNS LAKE 2 BR home, Pet OK. $625. Also, 2 BR in S. Milw, $625. 262332-3118
Twin Lakes Apartments 2 BEDROOM LAKEFRONT, Beach, pier. 18 min. to 120/31. $795 mo. + sec. 847-826-0987.
Union Grove Apartments 1BR UPPER TRANQUIL Newer appl., & carpeting, laundry avail., quiet 4 unit building, off street parking. $600/mo + sec. available. 262-534-6113
HOME FOR RENT Cozy 2BR, 1BA home with appl., central AC, 2 1/2 car detached garage, all on a large triple lot, located in the town of Burlington. $975 plus sec. 262-492-7454. TOWNHOUSE WINDLAKE 2BR, 1ba, GA, appl., no smokers/pets, $725/mo. plus utils. One yr. lease & sec. Avail. 3/1. 262-895-2790.
Other for Rent 28432 N. LAKE DR., WATERFORD Operating Diner. Entrance to Tichigan Lake. Available April 1st, 1 year lease, security, monthly rent $1200, triple net. Take a look 7am to 2:30pm daily. Lots of equipment included, turn key. Text only 414-254-6767.
COMMERCIAL INDUSTRIAL 1536 sq. ft. Office/bathroom. Floor heat, Hi-Bay. 9230 Antioch Rd. Salem. 847-878-8233 or 262-914-5705.
REAL ESTATE For Sale by Owner 14 x 60 MOBILE HOME Central Air, water softener, covered porch, updates. Across from Browns Lake/Burlington 530-383-5062
Lots/Acreage TEXAS BEST BUY We have prime 20 acre parcels located in scenic Texas, only $299 per acre,/ $99 per month. Financing available. Call 1-800-875-6568.
home and property sales Here is a listing of recent single-family home, condominium and vacant land sales in Kenosha, Racine and Walworth counties. The information is provided through the Multiple Listing Service.
KENOSHA COUNTY SINGLE-FAMILY HOMES
RACINE COUNTY SINGLE-FAMILY HOMES Racine • 3823 Wright Ave........................... $ 56,000 • 704 Randolph St.......................... $ 38,000 • 1231 Hayes Ave........................... $ 53,900 • 1812 Grange Ave......................... $ 57,500 • 827 Berkeley Dr............................ $ 67,652 • 2909 Geneva St........................... $ 70,000 • 3501 Pierce Blvd.......................... $ 66,500 • 3112 Pierce Blvd.......................... $ 68,000 • 1508 Deane Blvd.......................... $ 70,000 • 4325 Twenty-first St...................... $ 73,500 • 1200 South St.............................. $ 65,600 • 1449 Douglas Ave........................ $ 89,500 • 1514 Carlisle Ave......................... $ 87,025 • 1329 Cleveland Ave..................... $ 80,000 • 2018 Superior St.......................... $ 89,900 • 2303 Lawn St............................... $ 80,000 • 1438 Florence Ave....................... $ 98,000 • 1517 Willmor St............................ $ 97,000 • 1108 Howard St............................ $ 93,500 • 2108 Ashland Ave...................... $ 102,000 • 2121 Virginia St............................ $ 99,500 • 2837 West Lawn Ave.................. $ 109,000 • 3825 Graceland Blvd.................. $ 107,000 • 2617 Coolidge Ave..................... $ 112,000
CONDOS Mount Pleasant • 6551 Mariner Dr 10.................... $ 112,900 • 1216 N Sunnyslope Dr 204........ $ 127,000 • 837 Boulder Trl 1004.................. $ 134,900 Burlington • 954 Dorothy Ct........................... $ 128,000 Racine • 4 Gaslight Dr 303....................... $ 145,000 Waterford • 605 Park Dr................................ $ 164,000
VACANT LAND Waterford • Lt 1 Riverside Dr........................... $ 15,000 Wind Lake • 7125 S Loomis Rd........................ $ 44,000 Burlington • 6834 Horseshoe Trl...................... $ 87,000 Mount Pleasant • Lt 86 Creek View Ln.................... $110,000
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Kenosha • 2921 14th Ln................................ $ 68,000 • 1443 30th Ave.............................. $ 75,000 • 1429 30th Ave 3........................... $ 99,000 • 2705 11th Pl............................... $ 124,000
Salem • Lt 267 69th St............................... $ 11,000 • Lt 268 69th St............................... $ 11,000 Trevor • Lt 38 118th St............................... $ 10,500 Pleasant Prairie • Lt 25 Ridgeway Ct........................ $ 89,900 Bristol • Lt 30 Fredericksburg Ct.............. $ 142,900 Twin Lakes • Lt 3 Majestic Way W..................... $ 99,800
HOME BUYER, OWNER & RENTER
CONDOS
VACANT LAND
• 3415 Fifteenth St........................ $ 112,500 • 2701 Green St............................ $ 113,500 • 2047 Carter St............................ $ 111,500 Union Grove • 23710 Burmeister Rd.................. $101,000 • 14717 Plank Rd.......................... $ 214,000 Mount Pleasant • 3842 Meachem Rd..................... $ 110,000 • 1610 Richard.............................. $ 117,000 • 1319 Meadowbrook Blvd............ $ 137,500 • 3823 Meachem Rd..................... $ 180,000 Burlington • 8080 Ridgeway Dr...................... $ 122,900 • 7708 Evergreen Ter.................... $ 133,350 • 313 Lincoln St............................ $ 156,000 • 117 Randolph St........................ $ 145,000 Kansasville • 2715 Marshall Square................ $ 125,000 Waterford • 6628 Channel Rd....................... $ 227,000 • 8010 Pleasant Rd....................... $ 239,000 Sturtevant • 2924 97th St............................... $ 138,000 Caledonia • 7086 W 7 Mile Rd....................... $ 175,000 Wind Lake • 25130 W Loomis Rd................... $ 195,000 Franksville • 17122 50th Rd............................ $ 199,500 • 18302 65th Ct............................. $ 247,000
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Trevor • 27025 97th St............................... $ 35,500 Salem • 7551 Shorewood Dr................... $ 105,000 • 6514 246th Ave.......................... $ 110,000 • 24818 72nd St............................ $ 133,000 • 24620 69th St............................. $ 136,500 • 24219 77th St............................. $ 179,000 Twin Lakes • 1513 Willow Rd.......................... $ 110,000 • 454 Waldeck Dr.......................... $ 150,200 Silver Lake • 216 E North St............................ $ 120,000 Pleasant Prairie • 5118 91st Pl............................... $ 187,000 • 11239 39th Ave.......................... $ 215,000 • 10414 32nd Ave......................... $ 287,900 Wilmot • 30634 111th St........................... $ 455,000 Kenosha • 6354 23rd Ave.............................. $ 38,000 • 5412 14th Ave.............................. $ 55,000 • 6825 24th Ave.............................. $ 66,500 • 6327 27th Ave.............................. $ 65,000 • 3816 11th Ave.............................. $ 79,000 • 1413 72nd St.............................. $ 113,500 • 7113 23rd Ave............................ $ 119,000 • 7114 24th Ave............................ $ 117,900 • 4703 33rd Ave............................ $ 120,000 • 5427 32nd Ave........................... $ 126,000 • 1717 65th St............................... $ 124,000 • 7407 18th Ave............................ $ 123,500 • 1818 75th St............................... $ 132,000 • 4112 57th St............................... $ 139,900 • 7319 36th Ave............................ $ 141,500 • 2418 46th St............................... $ 132,000 • 2509 31st St............................... $ 137,500 • 7325 35th Ave............................ $ 149,000 • 7217 7th Ave.............................. $ 122,500 • 7710 19th Ave............................ $ 148,500 • 4206 60th St............................... $ 145,000
• 3007 25th St............................... $ 116,800 Somers • 141 S Lakeshore Dr E-5............. $ 139,900 Pleasant Prairie • 6739 Meadowlands Cir 6A......... $ 139,500 • 8720 Lexington Pl 11.................. $ 130,550 Silver Lake • 536 N Cogswell Dr 7.................. $ 138,000
home and property sales Here is a listing of recent single-family home, condominium and vacant land sales in Kenosha, Racine and Walworth counties. The information is provided through the Multiple Listing Service.
WALWORTH COUNTY SINGLE-FAMILY HOMES Delavan • 716 Ann St................................... $ 64,575 • 418 First St................................. $ 121,350 • 2904 Jones St............................ $ 127,500 • 214 Freemont St......................... $ 139,450 Lyons • 1489 Pleasant St.......................... $ 60,000 Lake Geneva • W3743 Club House Dr............... $ 109,900 • W3670 Lakeview Ave................. $ 110,000 • 722 Henry St.............................. $ 130,000 • N3334 Iris Rd............................. $ 146,000 • 241 Elmwood Ave....................... $ 165,000 • 536 Walworth St......................... $ 211,000 Williams Bay • 204 Vernon St............................. $ 120,000 • 241 W Geneva St....................... $ 140,000 Elkhorn • W4057 Potter Rd........................ $ 135,000 • N6572 Birch Rd.......................... $ 145,000
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• Financing
CONDOS Lyons • 1421 Meadow Ln.......................... $ 70,000 Fontana • 269 Fontana Blvd 2770................ $ 71,000 • 269 Fontana Blvd 1609................ $ 77,000 Lake Geneva • 111 Center St 218........................ $ 76,000 • 774 N Geneva Natl N Ave 6-02.... $ 75,000
• 93 Red Chimney Rd 93-06........... $ 89,000 • 335 Wrigley Dr 210....................... $ 80,000 • 111 Center St 132........................ $ 90,000 • 544 Geneva Natl N Ave.............. $ 110,000 Elkhorn • W5229 Surfwoood Dr 109.......... $ 119,000 Delavan • 2107 Landings Ln....................... $ 160,000 Whitewater • 327 E Clay St 20........................ $ 130,000
VACANT LAND Lake Geneva • Lt 9498 Dell Pl 9496-9502............ $ 18,000 • Lt 28 Bluebird Dr Lt29..................... 18,000 • 1382 Geneva National Ave E 22-01...................... $ 25,000 Genoa City • N1341 Clover Rd.......................... $ 24,500 Whitewater • Lt1 Stewart Dr.............................. $ 34,500 Walworth • 849 Red Hawk Dr Lt15................. $ 69,000
(Continued from page 3)
ratio, or DTI, is one of the tools lenders use to determine your ability to pay. Two things need to be calculated to know this percent: monthly income and the existing credit obligations that are paid monthly. Lenders typically use verified gross monthly income, your pay before taxes, when determining an ability to repay. Gross monthly income includes a paycheck from an employer, plus any money you may receive in government aid, child support or pensions. After totaling gross income, the lender will need to determine the amount of debt the applicant pays toward each month. Typically, lenders use a credit report to identify the applicant’s debts. Some examples include car payments, student loans and credit card balances.
Employment
• N8167 Hwy 12............................ $ 185,250 • 306 E First Ave........................... $ 205,000 Sharon • 8178 W State Line Rd................ $ 168,000 Walworth • 314 Beloit St............................... $ 160,000 East Troy • N9174 Maple St......................... $ 165,000 • 1929 Center St........................... $ 173,000 Darien • 16 S Walworth St........................ $ 174,900 Genoa City • 1042 Teal Trl............................... $ 199,900
goes into a loan decision. Lenders will look at the type and length of employment. If a person is self-employed, the applicant will need to prove steady income over a two-year period. Consistent and non-temporary employment are seen favorably by most lenders. This means being regularly employed for two or more years. Consistent employment shows a lender stability in an applicant’s source of income, which is an indicator of their ability to repay the loan. How does the lender learn about your employment history? Typically, they will request a Verification of Employment from your employer and will consider the information provided in the loan decision.
Next steps
Understanding these three factors and Employment is another important factor that knowing where your personal finances fit
within them is important when applying for a home loan. While there are other things lenders consider, making sure you are financially fit in these three areas is a great start to getting ready to buy a home.
About Vanderbilt Mortgage and Finance
Vanderbilt Mortgage and Finance Inc. is a national housing lender that specializes in financing manufactured homes. In business for more than 40 years, the company currently services more than 200,000 home loans and works hard to tailor loans to each family’s needs. Vanderbilt has an A+ grade from the Better Business Bureau and is a Berkshire Hathaway company. For more information, visit VMFHomeLoan. com. (BPT)
VICKY PURNELL Keller Williams North Shore West Phone: 815-403-1555 Email: vickyyourlocalrealtor@yahoo.com 201 N. Lake Ave, Twin Lakes, WI 53181
R OFFEING PEND 39918 93rd St. Randall, WI The Annex W3216 S Lakeshore Dr. Linn, WI HayLoft Lodge
W182 Nippersink Road Genoa City, WI
This was once the original Carriage House for the renowned Loramoor Estate. All 15 units were renovated in 2001, w/historic/antique touches, Perfect for a 2nd Home w/the rare ability to do short term Rentals or not rent at all, completely up to each owner. This unit comes furnished and includes all appliances even a small freezer. This lower unit walks out to a private paved patio with views of the in-ground pool, conveniently accessible from the side parking lot. No stairs! Ample parking, and can even park your BoatFREE! Enjoy the lovely grounds, in-ground pool, Exercise Rm, sauna & Game/Rec Rm. HOA fee includes trash, water, septic & cable TV Access lake thru Linn townships’ hidden gem-has a boat launch, Swim & Sun!
UNIQUE PROPERTY WITH LAKE RIGHTS AND PRIVATE SLIP. This 2 bedroom, 1 bath cedar home is situated on a large parcel with a 2 car detached garage. Large deck that allows for lake views. Nice size shed for additional storage. The raised great room area sports a Franklin stove, with additional sleeping quarters in a small loft area just above the great room. Ideal for the kiddies. Short distance to the association park and designated boat slips for the members. Small HOA fee that covers road/ park maintenance. This home is going in its AsIs condition since this has only been used as a weekend getaway. Home needs updating but offers so much potential. Waiting for your personal touches!!
Busy well known bar/restaurant ‘THE ANNEX’ is located in the very popular and desired Powers lake community. Also close to Lake Geneva, Twin Lakes, Tombeau and Benedict Lakes. Property has 2 additional outside bars that can accommodate large gatherings during the spring/summer/fall months for enjoyment of local bands, entertainment, and just good times, especially after having some relaxing “lake time” Included in this turn key opportunity is a 3500 sq. ft. home with an in-law unit, currently rented on a month to month basis. 1300 for main level and 750 for upper level. Can easily be returned to a large single family home. Great investment opportunity with a good solid cash flow! If you’ve ever considered owning a bar/ tavern now is the time to make your dreams a reality! Inclusions: SECURITY EQUIP, BAR STOOLS, TABLES, FIXTURES, APPLIANCES IN HOME, ADDITIONAL ITEMS ON INVENTORY LIST. Exclusions: Tenants personal possessions
MLS#1615280...............$105,000
MLS # 1624128 .............$225,000
MLS#1617136 ...............$525,000
517 N Lake Ave. Twin Lakes, WI Lovely Plaza
Shopping Center is now being offered for the first time. This well maintained commercial building is over 16,600 sq ft. and all units are fully occupied. Exterior security cameras and ample lighting, with over 50+ parking spaces. A total of 6 loading areas with overhead garage doors. Great street presence allows for good traffic count and high visibility. With generous roadside windows and large signage easily gives each tenant individual space to advertise.
MLS#1614867...............$750,000
TED P E C AC FER OF
MLS#1628053 ............. $320,000
6525 396th Ave. Burlington, WI
Tree lined 1.4 acre property with many mature pines surround this 3 bedroom/2 bath ranch home, making for a very private scenic setting which includes a small barn and an over-sized heated 2 car detached garage. Fresh interior paint, generous room sizes, large kitchen with all appliances, beautiful wood flooring thru out entire home. Full basement with wood burning fireplace waiting for your finishing touches with ample storage in lower level. Decks on either side of the home to take in views of surrounding area and fruit tree orchard planted within the past few years . Move in ready turn key home. Don’t miss out on this one of a kind property. Inclusions: Refrigerator, stove/oven, washer, dryer.
MLS#1628204 ............. $255,000
5 Acres ...........................$125,000
341235
Fondly referred to as ‘SNUG HARBOR’ this 2 bedroom, 1 bath ranch lakefront has 50+ feet of lake frontage with its own private inlet and wooden pier. Take in the beautiful sunsets from the deck that faces west. With an abundance of wildlife such as Eagles, Sand Hill Cranes, etc. makes for a peaceful, serene setting, including great fishing in the harbor. Two car detached garage with 2 overhead doors, roadside and lakeside. All new appliances, water softener, pressure tank, and newer furnace. Deck does need replacing, broken window in garage and bedroom window. Needs some TLC and is going in its as-is condition. Inclusions: Stove, refrigerator, dishwasher, water softener
Twin Lakes Vacant E Lakeshore Dr.
.27 Acres ............................$65,000
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MLS#1620375........... $2,100,000
3171 E Lake Shore Dr. Twin Lakes, WI
Lake Geneva Vacant Heartland Dr.
HOME BUYER, OWNER & RENTER
TURN KEY BUSINESS WAITS FOR YOU TO TURN THE KEY!! PINK HOUSE RESORT is a well known gathering place for many families and friends year round with repeat summer guests. Good food, great company and relaxed atmosphere has made this the favorite go to place for the surrounding communities. Also includes hotel units, and a boat slip availability which has brought in a steady income for years. Two decks offer great views of the lake, boating, Aquanaut ski team, and a local favorite is the 4th of July fireworks barge that can be seen from the property. Ample green space can accommodate many large gatherings such as graduations, weddings, etc. Owners have finally decided to retire after 30 years, so now is the time to take advantage of this great opportunity to own a resort on Lake Mary. Inclusions: List of Inclusions available. Exclusions: Seller only plans on taking personal items and some wall pictures. Pretty much everything else stays with the property.
APRIL/MAY 2019
201 Lance Dr. Twin Lakes, WI Pink House Resort
341232