December 08, 2010

At the "Fore" of Foreclosures in Lake Geneva Wisconsin

Posted to Geneva Lake Area

It’s everyone’s dream to buy a fabulous house, preferably a second home, in a resort market for pennies on the dollar. Sounds impossible? Maybe…but there are several amazing properties currently available in the Walworth County/Lake Geneva area that are definitely worth a look or two. Take the beautiful, 3 bedroom/2.5 bath all brick ranch home I closed on with a wonderful family in late September. It had a perfect split bedroom floor plan, almost an acre of land in a golf neighborhood, and all the amenities this family had on their wish list. Asking price? Just over $155,000. Oh, did I mention that it had a 3 car garage and had been in the Lakeland Builders Parade of Homes just a few years ago?

How does a newer 2 bedroom, 2 bath condo in a beautiful 2 story, elevator accessible building with underground, heated parking sound? Granite counters? Check! Tile baths? Check! Den and sunroom? Check! This lovely foreclosure has been reduced from $284,900 to $249,900 – a great price and walking distance to Geneva Lake and the downtown Lake Geneva restaurants and shops. The last time this condo sold, it sold for $429,000 – this is an opportunity to own for almost $200,000 less.

There are numerous opportunities in the foreclosure market in this resort area. From charming cottages, to golf condos, to single family homes looking for someone new to love them. For more information go to www.GenevaLakeRealty.com.

Posted by:  Janis Hartley

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