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Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
39
Photos
5
beds
7
baths
2,997
sqft
Built in
1903
Own a piece of Iconic Bayfield WI, Lucy?s Place is an established bed and breakfast, featuring 4 ensuites for rent, and a separate owner?s wing. Each ensuite features a private bath with jetted tub. in Lake superiors views from the garden, or walk a few blocks and be immersed in the shops and water front of this picturesque tourism hot spot. The property includes several additions and updates, including solar panels, upgrades in energy efficiency , and mechanical updates. This property operates at an 11.5% cap rate, making it an excellent investment opportunity. At just under 3800 square feet, it would also make an amazing north shore vacation property, with room to spare for friends and family.
Features & Amenities
Interior
- General:
- Circuit Breakers
- Master Bedroom:
- Main
- Basement:
- Walk Out/Outer Door,Block
- A/C:
- Wall A/C,Forced Air
Exterior
- General:
- Aluminum/Steel
Construction
- General:
- 2 Story,4-Season
Location
- Originating MLS:
- WIREX_NWW
- School District:
- Bayfield
- County:
- BAYFIELD
Lot
- Zoning:
- 0420625004144001276310
Utilities
- Sewer:
- Municipal Sewer,Other
Financial
- Source:
- WIREX_NWW
- NA Compensation:
- 2.4%
This listing courtesy of:
Re/Max Professionals, Anthony Khambata
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Bayfield, WI
Housing
- Number of Units
- 1,242
- Median Home Value
- $171,682
- Median Rent
- $443
23.31% of housing units are renter occupied.
38.57% are vacant.
Commute
- Car
-
68.05%
- Public Transportation
-
4.19%
- Walk to Work
-
4.36%
- Work from Home
-
22.75%
- Other
-
0.49%
The median travel time to work is 12 minutes.
People
- Population
- 1,679
- Median Age
- 49.20
- Median Household Size
- 2.75
Education
- High School
-
27.55%
- Associate’s Degree
-
10.29%
- Bachelor’s Degree
-
18.76%
- Graduate Degree
-
11.66%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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