There’s Still Time to Sell Your Waterfront Home!

There’s Still Time to Sell Your Waterfront Home!

 According to the Multiple Listing Service, in July there were 18 new waterfront listings in Chisago County, 13 sales that are pending or closed, and 6 more under contract with a contingency. The median marketing time was 20 days and many waterfront homes sold in multiple offers. There is very little inventory for buyers to choose from and sales are down from last year due to the lack of new listings/inventory.

 The highest number of new waterfront listings for 2017 was in March with 20 new listings, but there were only 8 waterfront sales. April had 16 new waterfront listings and 21 sales. June had 12 new waterfront listings and 11 sales.

 The best 3 months so far, this year selling water front homes were April, June, & July. August looks to be another good month. The median price for the Chisago County Waterfront homes was $312,450 with 47 days on the market.

 The highest priced waterfront property that has closed this year was on Chisago Lake for $535,000, but there is one pending sale on Green Lake for more. The lowest priced waterfront house, was the only sale on South Lindstrom Lake this year for $138,500. There were 2 condo sales on North Lindstrom Lake for $51,000 and $72,750.

 Green Lake had the highest median sale price of the Chisago County lakes/river at $415,000 with 11 sales. North Lindstrom has the lowest median sale price 3 sales and a median price of $197,750 excluding the 2 condo sales mentioned above.

 There were 10 homes sold along the Sunrise River with a median price of $238,500. Chisago Lake had 4 waterfront sales with a median price of $350,000, North Center Lake; 6 sales with a median price of $307,500. South Center; 6 sales with median price of $310,000. For this article, I focused on waterfront with at least 3 sales, but Kroon Lake gets an honorable mention with 2 sales and a median price of $441,750. The marketing time for those 2 sales averaged 429 days.  

 If you are thinking about selling your waterfront home, contact an experienced waterfront agent to get a personal home evaluation today.

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 ckempenich@cbburnet.com. All information is deemed reliable but not guaranteed. For legal assistance consult an attorney.

Out-House Loses Grand-Fathered Status at Time of Sale

Out-House Loses Grand-Fathered Status at Time of Sale

   This week I met with some homeowners that have a seasonal cabin on Green Lake with a grand-fathered out-house. Like many homeowners they thought they could sell it as a cabin with an out-house, but that isn’t the case. When they sell, they lose their grand-fathered status and they must meet the Chisago County Sewage Treatment System Standards.

 This particular lot is not deep enough for a septic system with a drain field, so their option is a tank, which may need to be pumped frequently, depending on their usage. They can keep the out-house and put a septic tank under it and connect the well water to the out-house, but then they would need to install a second tank for the house if they want water going to the kitchen. The other option is to not have water going to the house and pump water from the well and carry it into the house.

 This cabin is in excellent condition so it doesn’t make sense to tear it down, and in my opinion, the best option would be to eliminate the out-house and convert the cabin to a year-round home with a bath and full kitchen with one septic system. Either way it will be expensive, but the future value will be better as a year-round home.

 I have another client purchasing a home on Rush Lake where the 20-year-old septic system failed the compliance inspection and the seller has opted for a septic box instead of a septic mound because the box takes up less space and it is less expensive. The treated cedar box will sit in the front yard and will be approximately 5’ high x 12’ wide x 28’ long. Luckily this is a wide lot so it won’t be directly in front of the house. This system will cost the seller about $13,500.

The Chisago County Sanitarian is extremely helpful and knowledgeable regarding sewage treatment systems. One of my clients was lucky enough to receive grant money earlier this year for a mound replacement.

 If you are thinking about selling in the near future, get your septic system inspection scheduled the next time you have your tanks pumped and keep your compliance certificate. Septic systems are not normally inspected in the winter as the ground needs to be thawed, spring road restrictions cause delays, and contractors are extremely busy trying to catch up in late spring and early summer.

 An experienced real estate agent can answer questions about required inspections, and can help you plan your next move.

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 ckempenich@cbburnet.com. All information is deemed reliable but not guaranteed. For legal assistance consult an attorney.

Lakeshore New Listing $169,900

Lakeshore New Listing $169,900

Wonderful cabin on fully recreational Green Lake just 30 minutes to downtown! 1800 acre lake with great fishing & fun. Sandy lake bottom, fire pit, great dock & screened porch! Wood burning fireplace, vintage decor, furnishings negotiable. Plenty of room to entertain a large gathering. 2 bedrooms and plenty of room of additional sleeping! New septic tank. Chisago Lakes voted one of America’s best Communities! Ojiketa Regional Park on lake. Schedule a showing call/test Cheryl at 612-735-0553

Welcome to Kempenich Team Blog and News

Welcome to Kempenich Team Blog and News

Welcome to KempenichTeam.com Blog and News page.  This blog contains a variety of articles, news and information that will help you sell or buy your next property. The Kempenich Team can work with you to sell or buy your home. They are seasoned experienced real estate agents for Coldwell Banker Burnet. For immediate assistance Call or Text Cheryl at 612-735-0553.