NOT LISTED FOR SALE

1931 Otter Ln Unit 1 Eagle River, WI 54521

Estimated Value: $326,000 - $984,000

7 Beds
5 Baths
4,320 Sq Ft
2.16 Acres

Last Sold May 24, 2018

Last sale price $385,000 $89 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,901/month

51 Days on Market

Highlights

  • Lake Front
  • 94,090 Sq Ft lot
  • 2 Fireplaces
  • Docks
  • Wooded Lot
  • 5 Car Detached Garage

About This Home

As of May 2018

OTTER LAKE DOUBLE CONDO - GOT family AND friends AND want additional income? Welcome to the Lake; Otter Lake; part of the Eagle River Chain. This amazing property features not one, but TWO year around condominiums that have been well maintained and have newer roofs & furnace. Everything you need to start enjoying the northwoods is included - appliances, most furnishings, pier and aluminium boat, so pack your suitcase because this property offers you year around recreation to be enjoyed with family & friends. The main home features 3 bedrooms, 3 baths, a large rec room and loft. The second home is used as a weekly rental brining in $1900 a week. This home features lots of room for the family vactationers with 4 bedrooms & 2 baths, both have fireplaces. In addition there's a five car detached garage and fish cleaning house, & 160 ft. of sand, level frontage with private pier.

Last Agent to Sell the Property

Ken Biegel

RE/MAX PROPERTY PROS License #64230 - 94 Listed on: 04/02/2018

RE/MAX PROPERTY PROS

Last Buyer's Agent

Julie Winter-Paez

RE/MAX PROPERTY PROS

RE/MAX PROPERTY PROS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,033

Lot Details

  • Lake Front
  • West Facing Home
  • Wooded Lot

Parking

  • 5 Car Detached Garage

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2 Fireplaces
  • Property Views

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Docks
  • Shed
  • Outbuilding

Schools

  • Northland Pines-Er Elementary School
  • Northland Pines Middle School
  • Northland Pines High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Shared Well
  • Drilled Well
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Otter Cove Condominiums Subdivision

Listing and Financial Details

  • Assessor Parcel Number 473-26

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,033

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Lot Size: 160x333
  • Road Frontage Type: Town Road
  • Water Body Name: OTTER
  • Ownership: Condominium
  • Subdivision Name: Otter Cove Condominiums
  • Directions: HWY 70E, left on HWY 45N, right on Chain O'Lakes Rd., right on Otter Ln. to property on right.
  • Above Grade Finished Sq Ft: 3706.0
  • Architectural Style: Other
  • Garage Yn: Yes
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Range, Refrigerator, Washer/Dryer
  • Has Basement: Full, Finished, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 614.0
  • Fireplace Features: Multiple
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Mixed
  • Interior Amenities: Cable TV

Exterior Features

  • Lot Features: Lake Front, Level, Wooded
  • View: Yes
  • Waterfront Features: Shoreline - Sand, Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, Wood Siding
  • Direction Faces: West
  • Exterior Features: Dock, Out Building(s), Shed
  • Foundation Details: Block
  • Other Structures: Outbuilding, Shed(s)
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached, Four Car Garage, Four or more Spaces, Garage, Storage
  • Total Parking Spaces: 5.0

Utilities

  • Laundry Features: Main Level
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Conventional Sewer
  • Utilities: Cable Available
  • Water Source: Drilled Well, Shared Well

Condo/Co-op/Association

  • Association Fee: 108.5
  • Common Interest: Condominium

Schools

  • Elementary School: VI Northland Pines-ER
  • High School: VI Northland Pines
  • Middle Or Junior School: VI Northland Pines

Lot Info

  • Lot Size Sq Ft: 94090.0
  • Parcel #: 473-26

Tax Info

  • Tax Annual Amount: 3033.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2018
Closed on
May 23, 2018
Sold by
Landwehr William C and Landwehr Katherine I
Bought by
Tek Properties Llc
Seller's Agent
Ken Biegel
RE/MAX PROPERTY PROS
Buyer's Agent
Julie Winter-Paez
RE/MAX PROPERTY PROS
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%
Current Estimated Value
$679,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,260
Avg. Annual Appreciation
8.01%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tek Properties Llc $384,000 Vilas Title Service Inc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2018 05/24/18 Sold $385,000 -2.5% $89 / Sq Ft
05/24/2018 05/24/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $395,000 -- $91 / Sq Ft
Source: Greater Northwoods MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,425 $592,700 $152,200 $440,500
2023 $3,828 $592,700 $152,200 $440,500
2022 $3,526 $330,300 $91,500 $238,800
2021 $3,419 $330,300 $91,500 $238,800
2020 $3,336 $330,300 $91,500 $238,800
2019 $3,346 $330,300 $91,500 $238,800
2018 $2,990 $330,300 $91,500 $238,800
2017 $3,033 $330,300 $91,500 $238,800
2016 $3,106 $330,300 $91,500 $238,800
2015 $2,977 $330,300 $91,500 $238,800
2014 $2,962 $330,300 $91,500 $238,800
2013 $3,362 $330,300 $91,500 $238,800
Source: Public Records

Agents Affiliated with this Home

  • Ken Biegel

    Seller's Agent in 2018

    Ken Biegel

    RE/MAX

    (715) 482-7886

    25 in this area

    160 Total Sales

    Ken Biegel
    Section Image
  • Julie Winter-Paez

    Buyer's Agent in 2018

    Julie Winter-Paez

    RE/MAX

    (715) 891-1236

    161 in this area

    832 Total Sales

    Julie Winter-Paez
    Section Image
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Map

Source: Greater Northwoods MLS

MLS Number: 170499

Greater Northwoods MLS

APN: 26-473-26

Wisconsin Vilas County Eagle River 54521

1931 Otter Ln Unit 1, Eagle River, WI

This home is located at 1931 Otter Ln Unit 1, Eagle River, WI 54521 since 02 April 2018 and is currently estimated at $679,260, approximately $157 per square foot. 1931 Otter Ln Unit 1 is a home located in Vilas County with nearby schools including Northland Pines High School, School of Options & Applied Research High School, and Christ Lutheran School.

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