Posting ID : A1068489004
Date Posted : 2015-08-19
Category : Real Estate By Owner
We are retiring soon and selling a 50% ownership In our lake home with 100' frontage on 365 acre all sports Big Long Lake In N.E. Indiana. We want to spend more time near our grand kids but don't want to give up spending some time at the lake. This is referred to as "fractional ownership" and is becoming very popular for lake properties. We have some experience because we bought our first lake cottage with another couple nearly 40 years ago. At first it may sound a little strange, but it is simply like a partnership in business. The reasons for doing this are many. The key reason is you can get twice the property for 1/2 the cost and cut your expenses in half. My wife is a retired Home Economics teacher and now works for Purdue and I am a former teacher and now a businessman. This is a great home and we are sure you would enjoy your time here. The home comes completely furnished and includes a 20' Sweetwater Pontoon with a 35HP Honda 4 stroke motor. Also there is a 10' x 60' storage unit for lake toys. The home is 25 years old in a very nice neighborhood. It features 4 bedrooms, a nice den, 3.5 baths, 2 levels, 2 fireplaces, 2 kitchens, 2 laundry rooms, 3 decks, lakeside master suite with large bathroom, 3 car attached garage, oak hardwood floors and much more. Your 50% share price is $250,000.00 cash. Our attorney will close the deal and provide the legal documents. We prefer non smokers and no large pets.