Most of the buyers visiting my open houses on the Chisago Lakes are from the Twin Cities. Many of them are looking for an affordable 2nd home or retirement home on the lake. They want to be on a large recreational lake, with a house that is move in ready, very few stairs, space for entertaining, a quiet street, and good parking for less than $350,000. There are very few homes that meet that criteria, and if they do, they sell fast.
There is little information on the internet about the Chisago Chain of Lakes, and I find that homeowners living on one lake, know very little about the other lakes. This is the first in a series of articles about the real estate activity on the Chisago Lakes Area. This one focuses on Green Lake.
Green Lake in Chisago City is the closest lake in the Chisago Lakes Area to the Twin Cities, so there is great appeal to those who are commuting to work. It is easy to drive 30 minutes to work when you get to live on vacation. Green Lake is the largest of the Chisago Lakes with 1800 acres and three basins; Little Green Lake on the north end, the main basin, and the southern basin with shallow bays. The deepest point is 32 ft. There are two boat landings; one on Big Green Lake and one on Little Green Lake. Ojiketa Regional Park is on the east side of the lake with 70 wooded acres and 3000 ft. of lakeshore.
There are 338 homes on Green Lake ranging from cabins, to townhomes, to luxury homes. There are homes with sandy shorelines, gentle slopes, and homes on a bluff with great views.
In 2015 there were 17 homes that sold on Green Lake, 3 of them were townhomes. The least expensive house sold for $247,000 with 2 bedrooms, 2 baths, and 88 ft. of lakeshore. The most expensive house sold for $587,143 with 5 bedrooms, 4 baths, and 100 ft. of lakeshore. The townhomes feature one level living with a marina, and the 2015 prices ranged from $147,000-$247,000.
There are currently 8 active listings on Green Lake, with prices ranging from $319,900-$2,000,000. There are 3 pending sales ranging from $165,000-$325,000. Listings can be viewed at www.ChisagoRealEstate.com.
When buying or selling a home in the Chisago Lakes Area, it is important to work with a local area expert that knows the features and benefits of each of the lakes.
Ask the Real Estate Agent is a weekly column by Cheryl Kempenich of Coldwell Banker Burnet, who lives and offices in the Chisago Lakes Area. Submit your questions to email@example.com. All information is deemed reliable but not guaranteed. For legal assistance consult an attorney.