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Cost & Price
Click this image to view a larger photograph of the house as viewed from the backyard.
The asking price of this beautiful home and lakefront property is $495,000. Is this home priced high, low, or fairly? The land values and improvement costs are listed below to provide perspective.
(Click image to view a larger photo.)


Land / Improvements Cost / Estimated Value
Land The 10 acres (mol - 5 acres waterfront and 5 acres lake bed) have a market value of $175,000-200,000. There are 285 feet of waterfront with vast southern and southwestern lake and mountain views as well as a dramatic view of the Mt. Schweitzer ski area.
Driveway and parking areas The hard pack roadway and parking areas cost approximately $10,000 to construct.
Well, pump, and water re-ionator The well, pump, and water treatment setup cost approximately $11,000. The well is approximately 320 feet deep with the well casing holding approximately 450 gallons. The well produces 8-12 gallons per minute.
Septic tank and mound drainage system The waste disposal system installation costs was $5,300. The septic tank is rated at 1,500 gallons and is designed to serve a family of four.
Back-up generator The 8-KW Winco generator and installation cost $4,500.
Waterford gas heater Located in the apartment, this attractive forest green enameled gas heater and installation cost approximately $2,800.
Shop/Barn The 1,200 sq ft shop/barn has a full cement floor. Construction cost exceeded $22,000. This building has two 10 foot high overhead door entrances and a sliding barn door side entrance along with three 4 foot doors. The building has a second level loft (approximately 900 sq ft) that is ideal for storage and is served by a wide wooden staircase. The building has a never-used, new gas overhead heater to heat the shop area.
Riprap With the waterfront land facing south and southwest, storms were causing erosion annually. To protect the shoreline, riprap was installed at a cost of $7,800.
Landscaping Trees have been planted around the property. They include Mountain Ash, Birch, Linden, Patmore Ash, Pin Oak, Chokecherry, Crab Apples (yellow and pink), Holly shrubs, and red fir trees. The stand of Cottonwoods already existed near the beach area. Cost: $3,000.
285 feet of waterfront with a clay lake bed Located on a smaller Lake Pend Oreille bay, this waterfront site has a clay, non-rocky lake bed. The waters are about 30 inches deep between June and early September, ideal for children and providing a comfortable temperature for people wanting to wade, drift, or swim. Many shorelines on Lake Pend Oreille are deep, rocky, and cold. With permits, a trench can be dug to connect to a 9 foot boat channel approximately 75 feet from the shore, permitting construction of a dock for motor craft or sailboats. The lake lowering in the fall and winter permits lake bed clean up in the fall or spring, as well as a super place to fashion an ice rink or go cross-country skiing. Electrical wiring was installed underground from the house to the beach area. Cost: priceless!
Finnish masonry heater This custom-built, highly efficient heater, based on technology perfected in the European middle ages, takes about 25 pounds of wood and creates a fire that burns at 1,700-2000 degrees F leaving the masonry brick in the heater clean (no ash cleanup) and producing a masonry mass heat that lasts for 24-36 hours. Cost: $14,000.
House This well-built house (see the hidden features page for the many house characteristics that can not be seen but which ensure the home will grow old gracefully) provides many examples found in homes costing much more. The amenities you can see include custom vertical grain fir cabinets in the kitchen and three of the bathrooms, quality kitchen appliances, larch and fir beams in most rooms, a central vacuum system, Arroyo Craftsman light fixtures, and a master bath jet-tub and glass block shower. Cost: $250,000 or $86 per square foot.
Total Cost/Value This property has a replacement value of nearly $550,000.
Price Fairly priced at $495,000.


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