Archive for April, 2009

MOOSEHEAD LAKE

Tuesday, April 28th, 2009

Land and water facts regarding this Gem of the Maine Northwoods.

 

*Moosehead Lake is the second largest lake in the US (east of the Mississippi) that is completely within the bounds of a state (the largest is Lake Okeechobee in FL).

 

*The lake encompasses nearly 75,000 acres; maximum depth is 246 feet.

 

*There are over 232 miles of lakefront including the shoreline of the larger islands; over 40% is owned by the State of Maine and protected from development.

 

*Moosehead Lake is the headwaters to the fabled Kennebec River.

 

* The scenic beauty of the area is attributed to its geological land forms.  Several mountains in excess of 3000 feet can be found in the immediate vicinity of the lake; Big Moose Mountain, Lily Bay Mountain, Big Spencer Mountain, Little Spencer Mountain and Baker Mountain.  There are even more that are in excess of 2000 feet making for a contrast of breathtaking lake and mountain vistas. 

 

*Mt. Kineo, rising abruptly nearly 700 feet from the water’s edge, has perhaps the country’s largest outcropping of flint which was mined by Native Americans for arrowheads.

 

*Moosehead Lake is considered a world class coldwater fishery supporting landlock salmon, brook trout and lake trout (togue).

 

*A monster lake trout was recently caught this past winter that tipped the scales at over 29 lbs; though not quite a state record.

 

*There are four communities on the south and west portions of the lake; Greenville, Greenville Junction, Beaver Cove and Rockwood.  The remainder of the land around the lake is the sparsely developed Unorganized Territory.

 

*The region has been a popular destination by recreationalists for nearly 150 years.

 

*Steamships regularly plied Moosehead’s waters since the mid 1830’s; only one remains operational (it has now since been converted to diesel power)—The Katahdin.  It is used for sight-seeing tours.

 

*There are three seaplane bases on the lake.  An annual seaplane fly-in is held in Greenville every September.

MOOSEHEAD LAKE

Thursday, April 23rd, 2009

Land, that was rezoned on Burnt Jacket Peninsula, NOW has a permit for 20 lots.  There are 12 shorefront properties and 8 woodland parcels.  These properties will be available for sale later this summer.  Check out the Burnt Jacket website from time to time for updates, new pictures etc.  Also there will be frequent postings on this site regarding news from the area, happenings, history as well as a host of other interesting topics.

 

Currently, everyone is anxious for ice-out on the big lake.  This annual occurrence signals the arrival of Spring and the start of the fishing season.  Records date back to the mid-1800’s, ice-out has occurred as early as April 14th to as late as May 29th.  This year it is looking like it will be sometime in the first half of May; weather dependent of course.

DEXTER

Tuesday, April 14th, 2009

Owner says sell NOW!  41+/- acres with frontage on Route 94 and Pleasant Stream.  There is also a small stream towards front of property.  Soils tested and soon to be surveyed.  There is power & phone on Route 94.  Lots of deer!  Quiet country living at its best.

 

The property will be officially put on the market in early summer once everything “greens” up.  It will be priced at $59,900.  The seller will consider offers from now until it is put on the market.  The Owner will even offer financing to facilitate a sale.  Take advantage of a great opportunity to purchase this property which could be substantially below the Summer price.

 

This offer is only being presented on this blog site for a limited time.  Once pictures, maps and descriptions are put on the Wilderness Realty website and a sign is put up on the parcel, it is on the market for $59,900.

 

Call or e-mail for more information.  Showing by appointment only.  Hope to hear from you soon.

WAITING FOR PRICES TO DROP

Monday, April 6th, 2009

A few customers responding to our ads for land started their conversation with that.  One person wondered out loud “the price per acre will be well under $500”.  This scenario is unlikely.

 

First, land is THE basic property unit and it is far different than homes, office buildings, condos, high rises or any other structure.  Land is a finite entity; buildings can be expanded, demolished and rebuilt, moved etc.  We cannot create land; but we can sure construct more buildings.  During building gluts, increase in foreclosure rates or a downturn in the economy (such as the one we are currently experiencing); the price on buildings will go down in order to meet the demand or other external force.

 

Land prices, ironically, tend to level off and remain steady until the next “bubble”.  Sure there will be some price decreases out there for distressed landowners who need to sell; but one needs to remember that most land purchases are not financed like traditional property (ie homes and other buildings).  Most landowners can wait out the storm.

 

The real question is, when will land prices start increasing?  No one knows that answer.  There is this certainty, though, the prices that you are seeing now are the “benchmark lows” for future land prices.  In reality, now is a good time to buy land while prices are low.