June 2011
As a Realtor, the question I get asked most is, how many properties are currently for sale on the Waupaca Chain O' Lakes:
Answer: 56 total, plus 3 vacant lots for sale. this number changes on a week to week base but, the number has been above 50 on a regular basis lately.
There are about 850 properties on the Chain – according to most people’s estimates.
So, 6.5 % of all the homes on the Chain are now for sale.
Next, many people ask: How are properties selling on the Chain:
• 9 Chain properties sold last year
• 9 Chain properties sold the previous year 2009
• 10 sold in 2008
• 15 sold in 2007
And, just one property has sold, so far this year - 2011
Recently a couple of people have asked me to help them appeal their property tax assessment so, here is some data water front property owners might find interesting.
In 2009, out of 9 property sales, only 2 transferred for under “fair market accessed value.” And, both of the under fair market value sales were at the lower end side of sales for the year.
In 2010 out of 9 property sales, only 3 sold for under “fair market accessed value.” These 3 were again, on the lower side of the scale.
In the past 2 ½ years – 7 properties under $500,000 have sold
In the same period – only 4 properties under $400,000 have sold
And, there are currently 25 properties for sale under $500,000 on the Chain.
There are approximately 49 properties doing summer rentals on the Chain – based on ads appearing on the two most popular vacation rental web sites.
In 2010:
Properties listed in the MLS sold for 93% of their last listing price.
And, the same properties sold for only 75% of their original listing price.
Thinking of buying waterfront property? For a complete list of all Waupaca Chain O' Lakes or all recreational (water skiing) lakes for sale in Waupaca or Waushara Counties: www.WaupacaWaterfront.com
Hoping to sell? Hire a Realtor who is a waterfront property expert and someone who understands how to sell waterfront property: lives on a lake: Miner Lake, Waupaca Chain O' Lakes. Someone who knows waterfront issues: past president and current board member of the Waupaca Chain O' Lakes Property Owners Association. And, with 95% of real estate buyers starting their search on line, hire an Internet marketing Maniac: example: www.Taylor-Lake.com .
For a complete list of all Waupaca Chain O' Lakes Vaction Rentals: www.WaupacaChainRentals.com
For more general information about the Waupaca Chain O' Lakes: www.WaupacaChainOLakes.com
Tuesday, June 28, 2011
Wednesday, June 15, 2011
Sad!
Corner Hwy 22 and Old 22 - the guy who put up this sign is not the land owner. Rather someone trying to get a small "market" going for the people in this part of town. I know how very expensive signs are so, this is SAD.
Cheesie Bob's New "Pithy" Sign
This is just to good! But again, you have to be local - local to understand it.
Monday, June 13, 2011
Two Interesting Articles in the Waupaca County Post Relating to Waupaca Chain O' Lakes Parks
The Waupaca County Post just ran two very interesting Waupaca Chain O' Lakes related stories:
The first, about Whipering Pines park which over looks Marl Lake, on the Upper Chain. If you have not been there, most people fine it is worth the walk!
For the story Link go to WaupacaNow.com
The second article is also about Marl Lake, regarding why the "State DNR Romoved a Park Pier." Follow this link for the complete story on the County Post web site: WaupacaNow.com
Chain, Chain and more Chain articles in the County Post this week as they featured the "Chain" with two front page stories about the Upper Chain - Marl Lake and then, the final story on the Post's front page, about the Chain School's future.
The first, about Whipering Pines park which over looks Marl Lake, on the Upper Chain. If you have not been there, most people fine it is worth the walk!
For the story Link go to WaupacaNow.com
The second article is also about Marl Lake, regarding why the "State DNR Romoved a Park Pier." Follow this link for the complete story on the County Post web site: WaupacaNow.com
Chain, Chain and more Chain articles in the County Post this week as they featured the "Chain" with two front page stories about the Upper Chain - Marl Lake and then, the final story on the Post's front page, about the Chain School's future.
Sunday, June 12, 2011
How Many Properties Are For Sale on the Waupaca Chain O' Lakes?
How many properties are for sale on the Waupaca Chain O' Lakes is the question I get asked the most when I’m out and about in Waupaca. As people drive around the Chain they are seeing tons of Realtor "for sale" signs so everyone is curious.
The answer is: it was been rotating around 49 to 55 parcels for sale with a home/cottage on the property and 3 or 4 vacant land parcels, who’s owners hope to sell.
Last year, 9 properties changed hands – Sold - with about the same selling the previous year. In 2007 fifteen properties sold on the Chain.
One Chain parcel has sold so far this year.
Thinking of buying Waupaca Chain O' Lakes property: www.WaupacaWaterfront.com for a complete list
Saturday, June 11, 2011
Tuesday, June 7, 2011
Wisconsin Pier Registration Deadline Extended
From the Wisconsin Real Estate Magazine:
Pier Registration Deadline Extended
By: Tom Larson
On May 11, 2011, the Wisconsin Legislature passed Senate Bill 59, which extends the pier registration deadline until April 11, 2012. Governor Walker has indicated he will sign the bill into law very soon.
Background
In 2004, lawmakers adopted new dimensional standards for piers. While these new standards were intended to apply only to new piers (those installed for the first time after 2004), some regulators attempted to apply them retroactively to existing piers. As a result, thousands of existing piers could have been declared illegal and been forced to be removed or downsized.
In 2007, Wisconsin lawmakers passed a law (2007 Wisconsin Act 204) that grandfathered 99 percent of existing piers from new pier dimensional standards. The new law contains three size classifications of existing piers – small, medium and large. Owners of small piers do not require a permit or need to be registered, and owners of medium-sized piers must register with the Department of Natural Resources (DNR). Owners of large piers must obtain a permit from the DNR.
To qualify for grandfathering, a medium-sized pier must meet the following requirements:
Date – must have been originally placed prior to February 6, 2004
Width – no more than 8-feet wide
Platforms – a larger deck/platform is allowed as long as it is located at the lakeward end of the pier and the platform has a surface area of:
200 sq. ft. or less (may be any width), or
Between 200 sq. ft. and 300 sq. ft, if the deck/platform is no wider than 10 feet.
Registration deadline – must register with the DNR by April 1, 2011.
The DNR estimates 10,000 property owners were required to register their piers by April 1, 2011 in order to be grandfathered. However, only four to 5,000 registrations were received by the April 1, 2011, deadline.
If a property owner fails to register a medium-sized pier by the deadline, the pier will not be grandfathered and it must be downsized or replaced entirely to be brought into compliance. In some cases, this could be a significant expense to the property owner.
Number of Boat Hoists
The most common reason for a property owner to register a pier isn’t the size of the pier or the platform, but the number of boat slips or hoists. Under the pier regulations adopted in 2004, a pier is allowed two boat hoists for the first 50 feet of water frontage and one additional boat hoist for each additional 50 feet of water frontage on the property.
The pier grandfathering standards, however, focus exclusively on the size of pier and platform, but do not place any limits on the number of boat hoists. Therefore, if a pre-2004 pier has more boat hoists than what is allowed under the law adopted in 2004, the owner of the pier can grandfather the current number of slips by registering the pier with the DNR.
Spreading the Word
Now that the pier registration deadline is extended for another year, by registering their pier, a property owner will have certainty that their pier is compliant with state law and will avoid possible future enforcement actions by the DNR. Moreover, when the property owner tries to sell the property, the owner will have documentation from the DNR indicating the pier is grandfathered, which will likely be important to prospective purchasers of the property.
Article from the Appleton Post Crescent: Registration deadline for larger piers is extended
Wisconsin DNR web site for pier permits: Waterway & Wetland Permits: Piers, Docks and Wharves
Pier Registration Deadline Extended
By: Tom Larson
On May 11, 2011, the Wisconsin Legislature passed Senate Bill 59, which extends the pier registration deadline until April 11, 2012. Governor Walker has indicated he will sign the bill into law very soon.
Background
In 2004, lawmakers adopted new dimensional standards for piers. While these new standards were intended to apply only to new piers (those installed for the first time after 2004), some regulators attempted to apply them retroactively to existing piers. As a result, thousands of existing piers could have been declared illegal and been forced to be removed or downsized.
In 2007, Wisconsin lawmakers passed a law (2007 Wisconsin Act 204) that grandfathered 99 percent of existing piers from new pier dimensional standards. The new law contains three size classifications of existing piers – small, medium and large. Owners of small piers do not require a permit or need to be registered, and owners of medium-sized piers must register with the Department of Natural Resources (DNR). Owners of large piers must obtain a permit from the DNR.
To qualify for grandfathering, a medium-sized pier must meet the following requirements:
Date – must have been originally placed prior to February 6, 2004
Width – no more than 8-feet wide
Platforms – a larger deck/platform is allowed as long as it is located at the lakeward end of the pier and the platform has a surface area of:
200 sq. ft. or less (may be any width), or
Between 200 sq. ft. and 300 sq. ft, if the deck/platform is no wider than 10 feet.
Registration deadline – must register with the DNR by April 1, 2011.
The DNR estimates 10,000 property owners were required to register their piers by April 1, 2011 in order to be grandfathered. However, only four to 5,000 registrations were received by the April 1, 2011, deadline.
If a property owner fails to register a medium-sized pier by the deadline, the pier will not be grandfathered and it must be downsized or replaced entirely to be brought into compliance. In some cases, this could be a significant expense to the property owner.
Number of Boat Hoists
The most common reason for a property owner to register a pier isn’t the size of the pier or the platform, but the number of boat slips or hoists. Under the pier regulations adopted in 2004, a pier is allowed two boat hoists for the first 50 feet of water frontage and one additional boat hoist for each additional 50 feet of water frontage on the property.
The pier grandfathering standards, however, focus exclusively on the size of pier and platform, but do not place any limits on the number of boat hoists. Therefore, if a pre-2004 pier has more boat hoists than what is allowed under the law adopted in 2004, the owner of the pier can grandfather the current number of slips by registering the pier with the DNR.
Spreading the Word
Now that the pier registration deadline is extended for another year, by registering their pier, a property owner will have certainty that their pier is compliant with state law and will avoid possible future enforcement actions by the DNR. Moreover, when the property owner tries to sell the property, the owner will have documentation from the DNR indicating the pier is grandfathered, which will likely be important to prospective purchasers of the property.
Article from the Appleton Post Crescent: Registration deadline for larger piers is extended
Wisconsin DNR web site for pier permits: Waterway & Wetland Permits: Piers, Docks and Wharves
Friday, June 3, 2011
Thursday, June 2, 2011
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