6509 Hwy 47
Lake Tomahawk, WI, 54539, United States
Property ID: #103338 // RESIDENTIAL
- Address6509 Hwy 47
- CityLake Tomahawk
- CountryUnited States
- Property TypeResidential
- Additional TypesSingle Family, Waterfront
- Lot Size3.580029365 Acres
- Full Baths3.00
- Square Feet2,300
- Data SourceNorthwoods Association of REALTORS
- Listing Link
- MLS Number(s)173857
Looking for a great space for four seasons of fun in the Northwoods? Wind down the tree-lined driveway to find this 3 bedroom, 3 bathroom cabin nestled on Horsehead Lake. Only minutes from Lake Tomahawk and a short drive to both Minocqua and Rhinelander, this cabin provides spacious lake living perfect for family and friends. With recent updates made to the property, you'll be able to enjoy all that this cabin has to offer right away. Sit out on the west-facing vaulted screen porch to gather for dinner with easy access to kitchen. The kitchen is fit with granite counter tops and hickory cabinets with the large great room nearby. The field stone fireplace makes for cozy winter nights after long winter days spent on the ice, fishing and snowmobiling. The master en-suite sits on the main floor and laundry and mud room off the attached 22x24 foot garage for easy access. And, if you need more room for your toys, the 30x24 additional detached garage sits nearby.
Copyright © 2019 Northwoods Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Tips for Buying a Home
So you’ve decided to buy a home? Congrats, that’s great!
Here are some great tips to get you on your way to home ownership.
1. Determine Your Budget & Save
Take into account the average down-payment is 10%. 10% is not required, but the loan amount and approval will fluctuate depending on the percentage you put down. Determine how much you can pay for your monthly mortgage. Outline your expenses and be honest with yourself about what you can reasonably afford. Also, ask yourself what happens if you lose your job? Or if you’re part of a couple, what happens if your spouse loses their job?
2. Secure a Loan
Once you’ve got your budget in order, it’s time to go shopping for a loan. Visit multiple lenders to weigh your options and find the best deal. Each bank will determine if you are eligible and at what interest rate you will be charged. based on your financial situation. Make sure to ask questions such as what the breakdown of the monthly payments will be once you have made your down payment, how the loan term will affect your monthly payments, whether or not the interest rate is fixed or variable, if home insurance or any other services are included within the home purchase amount.
3. Be Prepared
Have a current Pre-qualification letter and good faith deposit funds available. Technology makes it easier than ever for your real estate agent to draft and transmit a purchase offer back and forth for your signatures. But, this is only one piece of the puzzle. You also need a current pre-qualification letter, and ready access to your good faith deposit. This can be obtained from the bank and confirms their willingness to give you a loan. Most sellers won’t accept a letter that’s more than three months old. If your home search lasts for more than three months, you’ll need an updated pre-qualification letter. When you submit your offer, it must include a check for the good faith deposit. Generally, good faith is at least 3% of the purchase price. This check will be deposited into an escrow account within three days of an accepted offer.
4. Stay Informed
Always make sure to do your homework and learn the history on a property you are interested in. Does the neighborhood have a high crime rate or a new highway/major road being constructed nearby that could be affecting the price? Is the heating, plumbing, roofing and window work in good condition? Those hidden problems can lead to major expenses in the future - post purchase. Ask your realtor for a property condition report and and see if the home comes pre-inspected. If not, we highly recommended to get and inspection before the purchase is complete. Being “in-the-know” and taking the extra steps can save you money and headaches in the long run.