Wooded Property Surrounded by Forestlands and Lakes
At the top of most peoples list of property features is a lot of land for the money and a good lake for recreation. This wooded property has 1000's of acres of forestlands right out the back door and is just down the road from a number of Wisconsin lakes with boat landings and sand beaches.
Here's the math:
Purchase Price - $24,900
20% Down Payment - $4,980
Annual Percentage Rate - 7%
Payment Term - 10 years = Only $231.29 per month.
At the current 2006 mill rate of $15.74 per thousand of assessed value, the property taxes are only about $390 per year.
Compare this to a sample lake lot or 40-acre tract:
Purchase Price - $120,000
20% Down Payment - $24,000
Annual Percentage Rate - 7%
Payment Term - 10 years = $1,114.64 per month.
Who knows how high the property taxes could be? Using the same mill rate (FYI: that is a low mill rate; they can be much higher.) that applies to the above property the taxes could be as high as $1888 per year. And that's before you build a home or cottage.
Parcel size? A half acre is a nice sized lake lot; this land is an even two acres with nice dimensions front to back and side to side. You'll be able to find seclusion and privacy on this land. Please call for maps and location.
Northern Wisconsin land for sale for only $24,900! NH1
Wisconsin and Michigan Property Information
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