Military Buyers Spur VA Loan Program to Record Year

Veterans United

A home loan program steeped in history continues to make it. The United States Department of Veterans Affairs, known as the VA, backed an all-time record 631,151 loans in fiscal year 2015, eclipsing the previous high-water mark set just two years prior.

More and more veterans are using these flexible, $0 down loans to crack the housing market during a time of tight credit and limping wages. A good year for the industry was a great one for military buyers: VA purchase loans surged 19% year over year, according to recently released figures.

To put that growth into perspective, the VA guaranteed more loans to buy homes last year (322,120) than it did total loans—whether they be purchase loans or refinances—in fiscal year 2010 (314,011).

The outlook for this 71-year-old benefit program is bright, too. The population of younger veterans is expected to increase 36% over the next five years, according to a recent Deutsche Bank analysis.

To be sure, VA loans aren’t the right fit for every veteran. But they’re also no longer on the sidelines. In fact, in many ways, these government-backed loans are arguably the most powerful mortgage product on the market.

Keeping pace

Greater awareness of the benefits—and the surprising safety—of VA loans has propelled market share in recent years. Credit guidelines for VA loans are generally more forgiving compared with conventional loans, and VA buyers don’t have to spend years scraping up a down payment.

That one-two punch helps make homeownership possible for scores of veterans and military families who might otherwise miss out. The average VA buyer has about $7,000 to $8,000 in assets, according to the VA. These loans also carry no mortgage insurance and limit what buyers can pay in closing costs.

VA loan growth comes as some longtime misconceptions about the program—along with legitimate shortcomings—continue to fade. Dogged for years by a reputation for sluggishness and bureaucracy, VA loans now keep pace with their mortgage counterparts, if not lead the way.

In December, the average VA purchase loan closed in 51 days, just one day longer than the average conventional purchase, according to Ellie Mae. For each month of 2015, VA loans had the lowest average 30-year fixed interest rate and the highest closing success rate among the three major loan types (VA, FHA, and conventional).

And in one critical area—foreclosure avoidance—this $0 down loan has become an industry leader. VA loans have had the lowest foreclosure rate of all loan types for 25 of the past 28 quarters, according to the Mortgage Bankers Association.

Helping a new generation

Now in its seventh decade, a loan program that began with the original GI Bill is in many ways more important than ever.

Access to mortgage credit is thawing, but it’s still tough for many veterans and military families to build the credit and asset profile necessary for conventional financing. For those would-be buyers, the program continues to fulfill its original mission of leveling the playing field for those who serve.

A more recent development is the emergence of VA loans as a go-to mortgage option for veterans who do have the credit and finances to land a conventional loan. Everyone’s situation is different, but these flexible and forgiving loans can be just as powerful for a well-qualified buyer as they are for those on the edge.

Thinking of Buying A Home? What Are You Waiting For?

With spring right around the corner, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.4% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3.2% a year for the next 5 years.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained below 4%. Most experts predict that they will begin to rise over the next 12 months. The Mortgage Bankers Association, Freddie Mac & theNational Association of Realtors are in unison projecting that rates will be up almost three-quarters of a percentage point by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

3. Either Way You Are Paying a Mortgage

As a paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Bottom Line

If you are ready and willing to buy, find out if you are able to. Meet with a local real estate professional who can help you find your dream home.

Milwaukee Metro Market Conditions

Today it is very important to have a Realtor that understand the market conditions. Heidi Buchberger RE/MAX Realty Center will give you all the information you need to sell your home quickly and for the best price. Today our Metro Milwaukee MLS average list price is $196,230.00 and the average Days on Market for a listing to sell is 92 for the month of January 2016. 

Here are RE/MAX Realty Center, we are knowledgeable on our market reports and know what it will take to get your home sold. All of our marketing is consistent with each listing and treated of high priority when coming on the market. 

Also in January 2016 there were 28 new listings in Waukesha County. Currently our market has a low inventory of homes for sale, and we are promoting sellers to list their homes for sale in the winter. A seller may have a higher chance of receiving multiple offers on your home when inventory is low. You also have less competition during the winter months. I always recommend to sellers not to wait until Spring to list your home!!

I offer FREE market analysis to show you market conditions, and tell you what your home is worth in today's market! 

Is New Construction for You?

gmnicholas/iStock

If you’re a first-time buyer, determining whether to build or buy an existing home can be overwhelming. For many people, choosing new construction is a great opportunity to design their dream home and save money on repairs and replacing old appliances. New construction feels like a DREAM COME TRUE! 

In fact, one-third of consumers looking to buy their first home are interested in new construction, and 37% of millennials are considering new homes, according to TD Bank’s First-Time Home Buyer Pulse.

As you evaluate whether new construction is right for you, keep in mind some helpful tips and best practices when embarking on “new” home ownership.

Plan for customization

New construction allows you to design a home from top to bottom. You can select your choice of finishes, cabinets, bath fixtures, and more. Some builders even allow you to move walls in predesigned models and pick a lot within their community to place your home.

The First-Time Home Buyer Pulse revealed that when it comes to amenities, buyers are interested in having a backyard or pool, an attractive design, and energy-efficient/smart home technologies. All of these amenities can be designed to your specification when you build a new home. When considering customization, these costs should be factored in at the start of the project and included in your budget. A budget will help you feel more comfortable when selecting custom items and avoid any potential financial issues during construction.

It’s important to keep in mind that you’ll also need to visualize your new home from floor plans. Model views typically aren’t available until the project gets underway. And, with this being the biggest purchase of your life, you should choose wisely—research your developer and builder before you sign a purchase contract.

Explore financing options

Financing is a critical part of the home-buying process, and it’s important to find a lender that provides open, ongoing communication along the way. This should be the very first step a buyer takes in the process—even before finding a builder. Once you identify a lender, a mortgage loan officer will provide guidance and advice on financing options.

Keep in mind that new construction can be costly. However, construction mortgages can help keep expenses low with interest-only monthly payments during the building phase.

For example, TD Bank’s Construction-to-Permanent loan allows buyers to make interest-only payments for the first 12 months on 80% of the construction costs. After the first year, when construction is complete, principle and interest payments apply on the entire loan. Construction loans are ideal for buyers purchasing their vision of a home.

Seek industry expertise

Mortgage loan officers provide expertise through every step of the mortgage process—from obtaining a pre-qualification letter to “live loan” status updates, and renewing loan paperwork to the final sale. The best mortgage loan officer will guide you and your builder through the process and identify products that make sense for new construction.

They understand the many moving parts of a loan, weigh options, and help you find your “best fit” loan. They will advise you on the personal documents that you need to present throughout the process.

If you’re interested in designing and customizing your home, new-home construction will be a great option for you. It’s best to look for lenders and builders that can work together and offer you flexible financing options.

18 West Sports Bar & Grille- Upcoming Events

Sports Bar & Grille. Outdoor volleyball leagues and on the 

Glacial Drumlin Trail Separate private banquet facility for 

parties & weddings up to 350 people.

http://www.visit18west.com/

Thursday March 3rd, 2016



Sand Volleyball Leagues Start Soon!





St. Patrick's Day Fun!

Okauchee Lake, Okauchee WI- Local Lakes

Okauchee Lake is a 1210 acre lake located in Waukesha County. 

It has a maximum depth of 90 feet.

Visitors have access to the lake from public boat landings. 

The lake's water is moderately clear.

Fish in the Lake:

• Musky (Common)

• Largemouth Bass (Common)

• Northern Pike (Common)

• Panfish (Present)

• Smallmouth Bass (Present)

• Walleye (Present)

Check out one of Milwaukee, Wisconsin best, DJ Flux all night long!FLUX is the full-fledged party package man for you if it’s a real party you want. Anyone can spin some tunes, but FLUX brings the life and excitement out in the crowd well into the night. FLUX brings a full on video, light, performance production to the stage by mixing the hottest dance video's shown on 4 Large TV monitors.Get excited for prizes that FLUX will be handing out EVERY 15 MIN, ALL NIGHT LONG:-Koozies-Tshirts-Sunglasses-4 Brewers Tickets for the Aug. 15 game including FREE food and beer, with a Goo Goo Dolls performance after the game-3 day/2 night Las Vegas Vacation package with free air flight and a $500 club casino card!Also, message us about our hotel and shuttle options starting at $79 for a hotel room stay and get a shuttle to and from Bucky's.

My favorite Taverns/ Resturants in Okauchee, WI

Spitfire Bar & Grill

Foolerys Liquad Therapy

Hideaway Bar & Grill

The Golden Mast

Buckys Lakeside Pub & Grill

Kick Switch 

Hollywood's Roadhouse Bar & Grill

MOST OF THESE HAVE BOAT SLIPS TO DOCK AND EAT!

ERICS' HAND TOSSED PIZZA DELIVERS TO YOUR BOAT ON THE LAKE! Talk about GREAT food, and GREAT delivery service!

Annual Okauchee Lake Tie Up Event: 

Bring your boats, tubes, rafts & great ready to party for the tie-up!

 Party Island, Okauchee Lake. We're continuing party at Buckys 

Lakeside Pub & Grill & VJ Flux will be hosting the Post Tie Up 

Party from 8pm till 2am. 3 for $10 bombs, $1 tacos all day and night. Okauchee Lake Community, you asked for something new and fresh in Lake Country and Buckys is delivering.This will be one epic day & night at Bucky's. 

Great Lake Info brought to you by

Heidi Buchberger RE/MAX Realty Center 

262-443-2672

How to Buy a Foreclosed Home

In today's market, there are fewer foreclosed homes available than there were in the years immediately following the financial crisis, there are still many to be found. While there are some benefits to buying a foreclosed home, the process isn't as easy as a standard real estate transaction. Here's an overview of the process, as well as some words of caution before you start your home search.

Why buy a foreclosed home?For the most part, consumers are interested in buying foreclosed homes -- also known as "bank owned" or "REO (real estate owned) homes" -- for the potential to get good deals. Because foreclosures are generally sold below market value, buyers can get more house for their money than they would otherwise. Homes that are foreclosures sell UNDER market value, so you are making money when you PURCHASE the property! It's all in the price that you buy it for. 

For investors, foreclosed homes often present the opportunity for "fix and flip" profits. Since many foreclosures are in substandard condition, there's a big opportunity for investors to come in with cash and scoop up homes to rehabilitate. 

How to get an accepted offer when you are up against a cash offer? Here is something all buyer's should know when you are looking to purchase a foreclosure. IF you are an OWNER OCCUPANT, meaning you will be buying the house and LIVING in the house as your main residence, most banks want to sell to you first, before they sell to an investor. The banks want homeowners in these houses, but after a certain amount of days on the market, for example 20 days, then they will offer the house to an investor. What I think is great, is that the home owner does not have to compete with a cash investor for 20 days. SO MAKE SURE YOU STAY ON TOP OF YOUR HOME SEARCH!!!

How to buy a foreclosed home

There are two main ways to buy a foreclosed home: at auction or through a real estate listing.

Once a bank takes possession of a property, it goes to a "public foreclosure auction," during which the bank attempts to sell the property to the highest bidder. Auctions can go rather quickly, and buyers may or may not be able to inspect the property before bidding, so there can be considerable risk involved in acquiring foreclosed homes at auction. YOU also need to have cash upfront at the action, and as soon as you win, you need a minimum of 10% of the purchase price. 

If you aren't experienced in foreclosure auctions, you should attend a few to observe the process and determine the requirements to bid. Many auction firms require buyers to bring a certified check for a deposit, among other requirements.

After the auction, if a property doesn't sell, it will be listed for sale in the same way most homes are listed. You can browse listed foreclosures on websites like Realtor.com. Buyers can then shop these listed foreclosures and place offers.

Things to keep in mind

Before you attempt to buy a foreclosed home, there are a few things you need to know.

First, once you make an offer on a foreclosed home, you should be prepared for the process to take longer than a traditional home sale. Instead of submitting an offer to an individual seller, you're submitting an offer to a bank. Many banks have lots of foreclosures listed at any given time and have multiple layers of approval through which your offer must pass. So be prepared to wait.

Further, an inspection is extremely important when buying a foreclosed home, particularly if the property has been vacant for some time. Many foreclosed homes have problems that are tough to detect with an untrained eye, such as mold buildup in the walls or broken pipes. As a rule of thumb, if you're bidding on a home at auction and you can't inspect it first, you should assume a worst-case scenario before placing a bid.

Even if an inspection goes well, be prepared to invest a considerable amount of money in repairs. The former homeowners might have neglected maintenance issues, or even intentionally damaged the home when they knew they were facing foreclosure. It's not uncommon for foreclosed homeowners to sell valuable items, such as appliances, before the bank takes the home.

For really good foreclosure deals, you're likely to face stiff competition, especially from buyers who can purchase properties in cash. So, if you're planning to obtain a mortgage, it can be especially tough to take advantage of the best deals.

Foreclosed homes are more likely to run into title issues, such as uncovered liens on the property that can further delay and complicate the transaction.

In addition, the foreclosure process can be tricky. Unless you have a strong real estate background, I would highly recommend hiring a real estate professional with extensive experience in foreclosures. It's possible to buy a property in a standard sale without professional help, but it's not a good idea when buying a foreclosed home. Also, you may run into legal issues when dealing with foreclosures, so be prepared to consult a real estate attorney.

Is a foreclosed home right for you?So long as you have a somewhat flexible time frame for the purchase of your next home, and you're willing to deal with all of these issues, a foreclosure could be a great way to get into your next home at a cheaper price than you could obtain otherwise. Do your research before placing an offer, and make sure the deal you get is worth the potential headaches.

I love seeing these homes go to home owners and investors. It is like giving the house a new life!!! Contact me to discuss an option of buying a foreclosure as a residence for you, a rental investment, or a project rehab!!! 

S30W35911 Scuppernong Ct Dousman, Wisconsin 53118

Property Type: Single-Family Status: Active Tax Key: OTWT1627993005 County: Waukesha

List Price: $279,900 Taxes: $3,681 Tax Year: 2015 Est. Acreage: 5.8

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Bedrooms: 3 Total Full/Half Baths: 2 / 0 F/H Baths Main: 1 / 0 F/H Baths Upper: 0 / 0 F/H Baths Lower: 1 / 0 Garage Spaces: 2.5 Garage Type: Attached

Rooms: 8 Est. Total Sq. Ft.: 2,400 Est. Year Built: 1980 Lot Description: Zoning: RES

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Flood Plain: No Conforming Use: Yes

Occ. Permit Required: N Days On Market: 49

Directions: Hwy 94 or 18 to 67 south to Scuppernong Ct, East to home

School District: Kettle Moraine

High School: Kettle Moraine

Middle School: Kettle Moraine

Body of Water: Creek

Master Bedroom 14 x 11 

Bedroom 2 12 x 10

Bedroom 3 10 x 10

Den/Office 12 x 11

Living/Great Room	18 x 11	Main
Kitchen	13 x 12	Main
Family Room	34 x 15	Lower
Dining Room	10 x 10	Main
Other Room	12 x 11	Lower

COUNTRY LIVING AT ITS FINEST!! Enjoy your private retreat on over 5.8 acres overlooking the conservancy and the creek. Blue Ribbon Kettle Moraine Schools! Fenced yard with 2 garden sheds, easy access to 94, & quiet cul de sac too! Only a new job makes this 3/4 Bedroom home available. Kitchen has granite counter tops & includes all appliances. Finished Lower Level family room with natural fireplace, 4th bedroom/den & full size windows with terrific views. Certain Teed cement siding, newer windows & warranty.

Trash compactor and hot tub were there when owners purchased home, but they have never used either of the items and do not believe that they work. Seller is providing an HMS warranty for $449. Priced well below assessment!!!

Type:	Waterfrontage on Lot; Wooded Lot; Single Family
Water Front/Access:	Creek
Style:	Bi-Level; Exposed Basement
Architecture:	Ranch
Garage/Parking:	Parking Space; Electric Door Opener; Driveway Entrance; Paved Driveway
Outbuildings:	Garden Shed
Exterior:	Partial-Brick; Part-Fiber Cement; Aluminum Trim
Roofing:	Composition
Basement:	Full; Walk Out/Outer Door; Block; Full Size Windows
Heating/Cooling:	Natural Gas; Central Air
H/C Type:	Forced Air
Bath Description:	Shower Over Tub; Shower Stall; Vanity; Ceramic Tile Documents: Seller Condition; Tax Bill; LeadPaint Disclosure; Other; Listing Contract Appliances Incl.: Oven; Range; Refrigerator; Disposal; Dishwasher; Microwave; Washer; Dryer; Water Softener; Freezer Misc. Exterior: Patio; Fenced Yard; Horse Allowed Misc. Interior: Natural Fireplace; 220 Volts; Circuit Breakers; Smoke Detector; Pantry Water/Waste: Private Well; Septic System Municipality: Town Occupancy: See Listing Broker

Contact for a private showing!! 

2112 Springbrook N Waukesha, Wisconsin 53186

Property Type: Single-Family Status: Active Tax Key: 2911344283 County: Waukesha

List Price: $249,900 Taxes: $4,383 Tax Year: 2014 Est. Acreage: 0.22

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Bedrooms: 3 Total Full/Half Baths: 2 / 0 F/H Baths Main: 1 / 0 F/H Baths Upper: F/H Baths Lower: 1 Garage Spaces: 2.5 Garage Type: Attached

Rooms: 7 Est. Total Sq. Ft.: 1,784 Est. Year Built: 1996 Lot Description: Zoning: Res

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Flood Plain: No Conforming Use: No

Occ. Permit Required: N Days On Market: 34

Type:Single Family

Style:Tri-Level

Architecture:Contemporary

Garage/Parking:Electric Door Opener; Driveway Entrance; Paved Driveway

Outbuildings:None

Exterior:Vinyl

Roofing:Composition

Basement:Partial; Block

Heating/Cooling:Natural Gas; Central Air

H/C Type:Forced Air

Bath Description:Dual Entry Off MBR; Shower Over Tub; Shower Stall; Vanity

Appliances Incl.:	Oven; Range; Refrigerator; Dishwasher
Misc. Exterior:	Patio
Misc. Interior:	Circuit Breakers; Bay Window; Walk-in Closet; Cable TV Available; Skylight; Cathedral Ceiling; Elec. Appl. Hook-up
Water/Waste:	Municipal Water; Municipal Sewer
Tax Includes:	Trash Collection
Municipality:	City
Other Rooms:	Living Room; Dinette
Occupancy:	Immediate Great location for this 3BR,2 full baths spacious home in popular Springbrook Subdv. This home features CATHEDRAL CEILINGS, WALK-IN CLOSETS, NEW POURED PATIO AND BEAUTIFUL CORNER LOT! Spacious Living Rm with Cathedral Ceilings, Bright Kitchen with Snack Bar & Dinette with Patio Doors Opening to Custom Patio & Yard, Master Bedroom with Large Walk-in Closet & Dual Entry to Main Bath & more. Lots of living space and functionality. Newer water heater. Low maintenance. FANTASTIC LOCATION! Contact Heidi Buchberger for a Private Showing Today! 262-443-2672

Client Testimonials

"I’m very confident that you will achieve this year’s goal as well.  You are very polished and professional.Thanks for all your help and I will definitely keep you in mind if I know of anyone looking for a realtor." 

          - Jane

          -Her son purchased home in 2015 in Oconomowoc, WI 

"Thanks Heidi. You did an excellent job for me and made the whole complex process of buying a home a lot easier. I liked your persistence and attention to detail. You seem very focused and I’m sure you will be a success in this business. I would highly recommend you to anyone looking to either buy or sell a home."

        - Rod, purchased home in 2015 in Menomonee Falls, WI 

"We found Heidi through a request on a web site and she was one of the first realtors to call us. We had her show us the house we were inquiring about and even though that house didn't work, she helped us find the perfect house for our son. It was enjoyable to work with Heidi because she always  followed through on what ever she promised. She has a great personality and was genuinely happy for Austin when he found the perfect house for him"

- Melissa

- She purchased a home for her son in 2014 in Pewaukee, WI

"Heidi Buchberger has been helping my brother and I find a house. She is very knowledgeable about her job! We had asked her to send us houses that were on the market, and she got them to us that day! She is also there for you when you have questions or need her. We are very pleased with Heidi, she  does a great job! and we look forward to buying a house through her"

- Stephanie

Top 10 Reasons to Use A Real Estate Agent

Top 10 Reasons to Use A Real Estate Agent 

When deciding whether to use a real estate agent or sell on your own, be sure to carefully weigh the pros and cons so that you make the best decision for your family and situation. 

Here is my list of top reasons why most people use a real estate agent. 

1. Real estate agents have market knowledge. Because of their access to the most recent market data, agents are able to give you advice on realistic purchase and listing prices. Plus, they can provide you with a report of comparable homes for sale and historic market data, so that you can ensure you’re getting the most for your money. 

2. They negotiate for you. One of the most difficult tasks whether buying or selling a home, is handling the negotiations. Many times, real estate agents can help you to get creative with your offers, so that you end up with a deal that has your best interests in mind. 

3. They coordinate and host your showings. Whether you’re buying or selling, real estate agents can be a lifesaver when it comes to doing the hard work for you. When selling your home, it is almost impossible to coordinate showings and open houses in between your work and life schedule. A real estate agent will be there for you when a last minute showing comes up in the middle of the day or when you need to schedule 15 appointments on a Saturday. 

4. Real estate agents offer additional ways to find and sell homes. When looking for a new home, real estate agents have the inside scoop on the latest listings – sometimes even before they hit the MLS. Through their relationships, they’re able to quickly assess the seller’s situation in order to give you advice on offer negotiation tactics. When selling, real estate agents will leverage their networks in order to sell your home more aggressively to other agents. The NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. 

5. Realtors know how to sell homes. Today, prospective buyers expect professional photos and videos to accompany your listing. Let your real estate agent handle staging and marketing your home across various channels. Plus, let them screen candidates before you spend your extra time cleaning your home for a showing. 

6. They will help you negotiate inspections. If you’re planning on buying a new home, expect for your inspector to find things that need to be fixed before closing. Your real estate agent will help you wade through your inspection report and decide which items should fixed prior to closing. On the selling side, your real estate agent will provide the same guidance when your buyer comes back with fix requests. 

7. Real estate agents will connect you with trusted partners. As you buy or sell a home, you may need to hire additional professional services, including: inspectors, lawyers, moving companies, plumbers, title companies and more. Let your real estate agent recommend people that they have a good reputation in your community. 

8. Your realtor will guide you through the closing process. At the closing table, your real estate agent will be right there with you to explain each piece of paperwork before you sign. It will make you feel more at ease with the process. 

9. They will explain complex, ever-changing real estate regulations. A part of their knowledge is the law and state regulations when transferring real estate. Realtors take continuing education and stay on top of the changes in the real estate industry for the home buyer and seller's protection.

10. Great agents will help you buy or sell a home quickly. If you’re using an agent in our preferred network, you’ll know that you’re working with the best. As you can see from these statistics, our agents sell homes quickly and at the best price. 

River Hills of Monterey- Oconomowoc, WI

Monterey, Wisconsin
Town in Wisconsin
Monterey is an unincorporated community located in the town of Oconomowoc, in Waukesha County, Wisconsin, United States. Monterey is located near Wisconsin Highway 67 4.5 miles north of the city of Oconomowoc



River Hills of Monterey is a newly developed subdivision! As you travel Hwy 67 N from Oconomowoc, you will enter into Monterey. The subdivision began development started in 2007. School District of Oconomowoc.
There is only 1 LOT LEFT for sale!  



This subdivision is just north of Oconomowoc, WI. Here you explore many outdoor activities. This neighborhood is located across from a park, where recreational activities happen daily, and competitive leagues play on the weekends. Also, near this neighborhood, you have access to Monterey Mill Pond which connects to Ashipunn lake. If you love being outside, you can kayak, canoe, swim, among other things through the river to the lake. This neighborhood will give you a beautiful NEW home of your dreams, along with a lifestyle that will make you happy, and keep you healthy!!!!!!!