October 2008 Up North Update - Martha Mishler, Real Estate Agent

October 2008 –A Newsletter Dedicated to People Interested in Northwest Michigan Real Estate
My New Contact Information
Office Phone Number: 231-582-3743
Cell Phone Number: 517-294-2265
Email: [email protected]
Address: 128 Water Street, Boyne City, MI 49712
A New Game for the Newsletter
Continuing in this edition, I am awarding a gift for
the person who is the first to call in and say this
month’s phrase, which is hidden somewhere in this
newsletter. The prize for this edition is a $20 gift
certificate for 220 Lake Street. To enter, simply
find the sentence and give me a call at 231-5823743. The winner can then stop by my office to
pick up their prize. Be sure to look for another
prize in the next issue.
What’s New for Me? - I Have Moved
to Pat O’Brien & Associates!
My affiliation with RE/MAX was a positive
experience during that time of my career, but a new
and great opportunity was presented and I decided
to make the move. Pat O’Brien & Associates is
consistently at or near the top in market share for
the area. Their stellar reputation, outstanding office
support and working environment, as well as the
best location in town for real estate made this the
right decision. Please stop in to see my new office. I
think you’ll see why I made the move. To win, call
and say “The Luck of the Irish”.
Changes in my web sites
Because of the change in offices, my waterfront
website, http://northernmichiganwaterfront.ws is
being reworked to function more fully on its own.
The plan is to ensure that this site will continue to
be a great resource for those looking specifically for
water related properties. The newest addition to our
web presence is also in the works. The address for
this new site is http://marthamishler.com. I am
very excited about the comprehensive and easy to
use nature of this new site. I’ll be sure to let you all
know when it is up and running.
Local Market Update
The later part of the summer was very successful for
me. Completed sales included a wide range of
properties from vacant acreage to in-town homes, to
lake view and lake front homes. As you might
expect, fall is often a quieter time for real estate in
Northern Michigan. 2008 seems to be following that
trend. With the recent upheaval in the mortgage
industry, tightening of credit and uncertainty about a
path to recovery, this year may be a bit slower than
usual. Having said that, it should also be noted that
fall often presents some of the best prices of the
year. Many property owners dread the thought of
holding on to that property over the winter (-again,
in some cases). Additionally this year, if the
mortgage “rescue” plan does what it is intended to
do and the market comes back, this truly could be a
golden opportunity for buyers. There is no crystal
ball, but when the current situation is assessed, there
are indications that an up-tick in buying activity, and
in turn prices, is quite possible.
Sept. 2007
Sept. 2008
# of Listings
2488
2394
Monthly Sales
94
112
Sales YTD
759
759
Average Price
$285,968
$201,819
Median Price
$186,750
$114,000
The table shows all real estate activity in our MLS,
including Antrim, Charlevoix, Cheboygan and
Emmet Counties. The number of listings continues
to be higher than in years past, but remains lower
than in 2007. Both average and median sales prices
are down significantly from last year. The cause is
likely a combination of lower prices, fewer high end
sales along with more sales of lower priced homes.
Recently, the listing prices of many homes have
been adjusted to the market, providing excellent
opportunities for those in a financial position to buy
now. However, even in this market, the best deals
do seem to move rather quickly.
Written and Produced for Clients and Friends by Martha Mishler, Pat O’Brien & Associates 231-582-3743 copyright 2008–All Rights Reserved.
Up-North Update
October 2008
I’d love to hear from you!
I enjoy keeping in contact with you, so please send me a quick email ([email protected]) to let me
know how you’re doing, your thoughts on the newsletter and if you or anyone you know has plans to make a
move in real estate in the near future. Referrals are an important part of my business, so I would really
appreciate it if you would keep me in mind when you hear someone talking about up north real estate. If you
know anyone else that might like to be on this mailing list, please let me know. If you would like to be removed,
send that in an email as well.
Part II in our new series highlighting area lakes is dedicated to –
Walloon Lake
Walloon Lake is another true gem of Northern Michigan. This beautiful lake covers more than 4300 acres
with depths in the 80 to 100 foot range in three of the main basins. Walloon has many arms and narrows
making for very interesting scenery, but also giving it a very intimate feel for a lake of this size. There is
also something intangible about Walloon that sets it apart. The sense of community, the peaceful beauty,
the laid back fun for both young and old all play a part. It is hard to describe, but if you spend some time on
the lake you will quickly feel the wonderful Walloon Lake vibe.
The Walloon Lake Association (http://www.walloon.org/) is a great asset to this community. The
organization is very active and boasts over 950 members, a very high percentage of property owners.
Among their many accomplishments, they have preserved over 1700 acres of land in the Walloon Lake
Watershed.
For fun and games on Walloon there are several organizations that provide opportunities.
The Walloon Lake Yacht Club (http://walloonyachtclub.org/) provides sailing lessons and racing
opportunities, which are enjoyed by many each summer. The Walloon Lake Country Club is a great place
for people of all ages to hang out. With the waterfront docks at the club, arriving by boat is a preferred
method, especially for the kids. The club has tennis courts, an 18-hole golf course and much more to offer.
Fishing also plays an important part in Walloon Lake life. For more information on this favorite pastime of
many, check out the fish-web site at (http://www.fishweb.com/maps/charlevoix/walloonlake/index.html). The
two main public access/boat launches for Walloon Lake are at the East end of Sumner Road and in Walloon
Lake Village.
This phrase links to an aerial photo of Walloon Lake. Zooming in or out and scrolling around will give a
good feel for the beauty of Walloon Lake.
No trip to the area would be complete without a sandwich or other goodie from the Walloon Village General
Store and Deli. This is a favorite stop for locals and visitors as well. Some people eat there daily! Another
long time Walloon Village dining tradition is the Walloon Lake Inn.
Real estate opportunities on Walloon Lake are more numerous now than at any time in recent history.
These properties range from amazing waterfront homes with prices at the very high end, through the new
luxury condo development in the village in the $1,000,000 range, to more modestly priced old time cottages.
Two Walloon Lake cottages are included in the sample listings in this issue of the Up-North Update. Many
more are available by request.
Written and Produced for Clients and Friends by Martha Mishler, Pat O’Brien & Associates 231-582-3743 copyright 2008–All Rights Reserved.
Up-North Update
October 2008
Sample Listings- Included is a range of properties in each category. Many more are available.
Walloon Lake Waterfront
MLS 411006
02415 Eagle Island Rd.
Boyne City
Walloon Lake Waterfront
Property Details
Price $ 449,000
Bedrooms 3
Full Bathrooms 1
Half Bathrooms 0
Living Area 740 sq. ft.
MLS 418362
03545 Hamilton Court,
Boyne City
Property Details
Price $1,700,000
Bedrooms 5
Full Bathrooms 3
Half Bathrooms 1
Living Area 3,034sq.ft.
Property Description
You will have great bluff views of one of
northern Michigan's most beautiful and
tranquil lakes from this lovely, timeless
cottage with 50' of Walloon Lake
frontage. Fish, boat or swim off the dock
down at the lake - the sandy bottom is a
summer beauty treatment for your feet!
Property Description
One of the original homes on Walloon's Lake's
south shore - wake up to a misty sunrise view
over one of the most beautiful inland lakes in
Michigan, and watch it set over the same
horizon when night falls. Gorgeous updates over
the years have made this historic cottage
perfect for seasonal or year-round living, with a
lovely fieldstone fireplace, an exceptional
kitchen, dining with a view, and many extras.
111' of private frontage and additional shared
frontage is included.
Homes with Acreage
MLS 419352
03925 Old Horton Bay
Road,
Boyne City
Property Description
Price $1,495,000
Bedrooms 5
Full Bathrooms 4
Half Bathrooms 1
Living Area 4,000 sq. ft.
This grand log-sided house is deep in the woods
on 117 acres, in a clearing overlooking a springfed pond. Step inside to the warm, sweet smell
and look of wood, and a cut-stone fireplace that
rises up into a cathedral ceiling lined with tongue
and groove. The spacious kitchen has granite
countertops and stainless steel appliances, and
stock-pot water supply spigots over the stove-top.
Rich colors and soft wallpaper patterns
complement the wood.
MLS 413864
08384 Pincherry Rd.,
Charlevoix
Property Description
Property Details
Property Details
Price $ 295,000
Bedrooms 4
Full Bathrooms 2
Half Bathrooms 0
Living Area 1,665 sq. ft.
37 acres m/l with 1000 feet of frontage on Horton
Creek is an ideal place to bring the horses. Wide
open spaces and rolling hills give this home an
idyllic setting. The barn is already here possibilities abound.
Written and Produced for Clients and Friends by Martha Mishler, Pat O’Brien & Associates 231-582-3743 copyright 2008–All Rights Reserved.
Up-North Update
October 2008
MLS 419611
00201 N Magee
Boyne Falls
Property Details
Price $ 74,500
Bedrooms 3
Full Bathrooms 1
Half Bathrooms 1
Living Area 1,045sq.ft.
Property Description
Situated on 5 rolling wooded acres, this wellmaintained 3 bedroom, 1.5 bath home is located
in close proximity to Thumb Lake, acres of state
land and snowmobile trails. Come enjoy
mushroom hunting, outdoor activities or peaceful
solitude. This home has it all!
Water Access Homes
MLS 405779
706 Lake Park Drive
Boyne City
Property Details
Price $ 339,500
Bedrooms 3
Full Bathrooms 3
Half Bathrooms 0
Living Area 1,785sq.ft.
MLS 419397
04394 Billan Ct
Boyne City
Property Details
Price $ 279,000
Bedrooms 3
Full Bathrooms 2
Half Bathrooms 0
Living Area 3,300sq.ft.
Property Description
Gorgeous newly furnished and freshly painted 3
bedroom + den house in Harborage Park has
lots of space, and great decks overlooking Lake
Charlevoix. Sold furnished, this home is ready to
move into - starting this summer you can be
putting on a private green, perfecting your serve
on the Harborage Park tennis courts, or soaking
up the sun on shared frontage. This home is an
exceptional value. Seller is a licensed real estate
agent in the State of Michigan.
Property Description
Cape Cod style home, perfect as a year round
residence or vacation getaway. Spacious 3300
sq ft w/3 bdrms., 2 baths, first floor master and
laundry, finished walkout lower level and large 2
½-car garage with loft for storage. Many
upgrades include 2x6 construction, Anderson
windows, oak cabinets in kitchen, treated decks,
recessed lighting, Pergo, ceramic and Berber
flooring. Enjoy 580 ft of shared sandy Lake
Charlevoix frontage with bathhouse, covered
picnic area, boat launch, swimming and boat
docks.
Waterfront Homes
MLS 419431
5969 Hosler Leisure Ln
East Jordan
Property Details
Price $ 179,000
Bedrooms 3
Full Bathrooms 2
Half Bathrooms 0
Living Area 1,225sq.ft.
Property Description
Enjoy the early morning mist from the
waterfront deck on this spacious Six Mile Lake
Cottage. The 112 feet of frontage slopes gently
to the water's edge. The1225 square feet home
with 3 bedrooms, 2 baths, a garage and
extensive decking overlooking the lake is perfect
for creating family memories boating, fishing,
swimming or just enjoying the views. The full
walkout basement is ready for your finishing
touches. A small sailboat, dock, and kayak are
also available.
Written and Produced for Clients and Friends by Martha Mishler, Pat O’Brien & Associates 231-582-3743 copyright 2008–All Rights Reserved.
Up-North Update
October 2008
MLS 418273
10217 Pioneer Trail
Boyne Falls
Property Details
Price $ 359,900
Bedrooms 3
Full Bathrooms 1
Half Bathrooms 0
Living Area 1,150sq.ft.
MLS 419268
03096 Springwater
Beach Road
Boyne City
Property Details
Price $ 895,000
Bedrooms 3
Full Bathrooms 2
Half Bathrooms 0
Living Area 1,600sq.ft.
Property Description
Located in a secluded bay on unspoiled Thumb
Lake (Lake Louise), this treasured cottage is just
a "wade away" from Frog Island. Walk the short
fern strewn path to the refreshing waters for
rock skipping, splashing and any and all water
sports. This is a rare opportunity. Sold furnished
except as noted, and personal items, including
dock and pontoon boat.
Property Description
This home truly capitalizes on its bird's eye
views. From the water you would think it was a
tree-house, rising above the canopy with a
multitude of window strained on Lake
Charlevoix. There are 3 bedrooms and 2 baths,
with a lower deck off the master bedroom still
well above ground level for watching the
moonrise over the lake before retiring. The 2bedroom apartment over the 3-car garage is a
second home - complete with the "Wow!" views.
Vacant Land
MLS 417685
Lot A E Deer Lake Rd
Boyne City
Property Details
Price $ 34,900
Vacant Lot 2+ acres
MLS 419450
Parcel A Hwy US 2
and Greenwald
Gould City
Property Details
Price $ 54,900
Property Description
Lot A provides high and dry building sites with
great countryside views. Closest of the three
lots to Deer Lake Rd, this lot has many nice
trees and several options for building locations.
Property abuts Boyne Mountain Resort, so it is
very close to downhill skiing, cross country
skiing, golf and all of the amenities of Boyne
Mountain and just minutes from Boyne City.
Also available as part of 5 acre parcel.
Property Description
Expansive 37 acre parcel with frontage on US 2.
Property is open near the road with treed area
at the south end. Property abuts state land.
Access to Lake Michigan via Big Knob State Park
is a short distance. Rock River traverses through
south half of property. This property has many
possibilities!
Written and Produced for Clients and Friends by Martha Mishler, Pat O’Brien & Associates 231-582-3743 copyright 2008–All Rights Reserved.
Up-North Update
October 2008
MLS 419527
00 State Street,
Boyne City
Property Details
Price $ 170,000
Property Description
Stunning views over Boyne City and Lake Charlevoix
from the many ridges on this 50 +/ -acre parcel.
Beautiful hardwoods make this a great buy for the
investor, hunter or individual looking for a grand
estate. Let's go for a tour of this great property!
Vacant Waterfront
MLS 419451
Lot #9 Orchard Dr.
Boyne City
Property Details
Price $ 349,000
Property Description
Experience the gorgeous, panoramic views from this
1.5 +/- acre, Lake Charlevoix lot located in the
prestigious Clevenger Association. Enjoy 100 ft of
private Lake Charlevoix frontage which includes
improved waterfront, wooden platform and steps to
lake, and a Holiday aluminum dock with a bench and
ladder. Come walk the property and visualize your
custom home in an area of other executive homes just
minutes from Boyne City. Association includes
underground utilities, paved streets and abundant
wildlife.
MLS 419449
Lot 56 West Beach Rd,
Property
Property Details
Price $ 109,000
Description
Beautiful, sugar sand lot on Lake Michigan has 100
feet of frontage. Enjoy the club’s 36,000 acres of
hunting fishing, and boating as a Hiawatha
Sportsman's Club member. Lot is part of the Hiawatha
Sportsman's Club Association. (Includes 2
memberships)
Martha Mishler
Pat O’Brien & Associates
231-582-3743 Office
517-294-2265 Cell
[email protected]
marthamishler.com (coming soon)
Written and Produced for Clients and Friends by Martha Mishler, Pat O’Brien & Associates 231-582-3743 copyright 2008–All Rights Reserved.