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Preforeclosure Homes in Summit Lake, WI 54485

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Living in Summit Lake, WI

Summit Lake, WI, offers a serene escape with a close-knit community and abundant outdoor activities. Residents can enjoy fishing, hiking, and local events, while the nearby amenities provide convenience. With quality schools in the region, it is an ideal location for families and retirees seeking a peaceful lifestyle.

Current Market Conditions in Summit Lake, WI

The real estate market in Summit Lake is currently stable, with a mix of home styles that cater to a variety of buyers. While properties tend to sell slower than urban areas, the demand for vacation homes and year-round residences has increased due to the area's natural beauty and recreational opportunities.

Investment in Summit Lake properties can yield favorable returns as the area garners more attention from those looking to escape urban living. With its attractive lifestyle and proximity to outdoor activities, the real estate trends indicate a growing interest in this peaceful community.

Home Value Estimator For Summit Lake, WI

There are currently 255 real estate properties in Summit Lake, WI, with a median automated valuation model (AVM) price of $319,892.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Summit Lake, WI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Summit Lake, WI, is $353,909.00, with the most expensive house in Summit Lake, WI, topping out at $1,680,773.00 and the cheapest home in Summit Lake, WI, clocking in at $60,411.00. In other words, there’s something for every potential homebuyer or savvy investor in Summit Lake, WI!

Rent Prices In Summit Lake, WI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Summit Lake, WI, is on a rollercoaster ride. The average rent price in Summit Lake, WI, is $1,544.00. Indeed, when looking to rent in Summit Lake, WI, you can expect to pay as little as $880.00 or as much as $2,490.00, with the average rent median estimated to be $1,540.00. The good news is that finding an affordable and desirable property to rent in Summit Lake, WI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Summit Lake, WI 54485 Preforeclosure Homes


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