NOT LISTED FOR SALE

1967 Morey Rd Eagle River, WI 54521

Estimated Value: $914,797 - $1,210,000

6 Beds
3 Baths
2,400 Sq Ft
$418/Sq Ft Est. Value

Last Sold August 17, 2017

Last sale price $331,250 $138 Per Sq Ft

Est. 203% increase in value since last sale

Current estimated payment $5,689/month

84 Days on Market

Highlights

  • Lake Front
  • Boat Ramp
  • 57,935 Sq Ft lot
  • Docks
  • Boat Lift
  • Deck

About This Home

As of August 2017

OTTER LAKE HOME - Priced over $100K BELOW fair market value, this property MUST go on your list to view when you are considering a purchase up north. The land alone here is worth the asking price when you consider that it is located on Otter Lake; part of the Eagle River 28 lake chain of lakes, facing WEST with a gentle lake approach AND has 453 feet of gorgeous frontage. The home is a sprawling ranch with 6 bedrooms (4 up and 2 down), 3 baths, an awesome lakeside screen porch, a wood burning fireplace, a 2 car garage and over 3000 square feet of living space. The lot is private and heavily wooded with over 1 acre of land and the options here for development are unlimited because there is plenty of land for a second dwelling. This opportunity won't last long with this great property located at the end of a road for privacy, close to town for convenience and on FANTASTIC Otter Lake near the action but not on top of it! A gem of a deal for someone to start enjoying this summer!

Last Agent to Sell the Property

Julie Winter-Paez

RE/MAX PROPERTY PROS Listed on: 05/22/2017

RE/MAX PROPERTY PROS

Last Buyer's Agent

Julie Winter-Paez

RE/MAX PROPERTY PROS Listed on: 05/22/2017

RE/MAX PROPERTY PROS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,588

Lot Details

  • 1.33 Acre Lot
  • Lake Front
  • West Facing Home
  • Landscaped
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Raised Ranch Architecture
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • Cathedral Ceiling
  • 1 Fireplace
  • Wood Burning Stove
  • Water Views

Kitchen

  • Built-In Oven
  • Electric Oven
  • Electric Range
  • Range Hood
  • Dishwasher
  • Trash Compactor

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Boat Lift
  • Boat Ramp
  • Docks
  • Deck
  • Covered Patio or Porch
  • Shed

Utilities

  • Baseboard Heating
  • Drilled Well
  • Electric Water Heater
  • Public Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 14-741-22

Community Details

Amenities

  • Shops

Recreation

  • Recreation Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,588

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Road Frontage Type: Town Road
  • Road Surface Type: Paved
  • Water Body Name: OTTER
  • Ownership: Fee Simple
  • Directions: Silver Lake Road, continue straight onto Morey Road, veer Left at fork to property on Left.
  • Above Grade Finished Sq Ft: 1400.0
  • Architectural Style: Raised Ranch
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Range, Refrigerator, Range Hood, Trash Compactor, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1000.0
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Cathedral Ceiling(s), High Ceilings, Main Level Primary, Vaulted Ceiling(s)

Exterior Features

  • Lot Features: Easy Access, Lake Front, Level, Views
  • View: Water
  • View: Yes
  • Waterfront Features: Shoreline - Sand, Boat Ramp/Lift Access, Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, Wood Siding
  • Direction Faces: West
  • Exterior Features: Boat Lift, Deck, Dock, Landscaping, Patio, Shed, Paved Driveway
  • Foundation Details: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Deck, Patio
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Two Car Garage, Driveway

Utilities

  • Laundry Features: Washer Hookup, In Basement
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Sewer: County Septic Maintenance Program - Yes, Conventional Sewer
  • Water Source: Drilled Well

Condo/Co-op/Association

  • Community Features: Quiet Area, Recreation Area, Shopping, Skiing

Lot Info

  • Lot Size Sq Ft: 57935.0
  • Parcel #: 14-741-22
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 4588.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2017
Closed on
Aug 17, 2017
Sold by
Deniston Alison
Bought by
Margraff Glenn M and Margraff Susan
Seller's Agent
Julie Winter-Paez
RE/MAX PROPERTY PROS
Buyer's Agent
Julie Winter-Paez
RE/MAX PROPERTY PROS
List Price
$350,000
Sold Price
$331,250
Premium/Discount to List
-$18,750
-5.36%
Current Estimated Value
$1,003,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$672,449
Avg. Annual Appreciation
14.59%
Original Mortgage
$150,000
Outstanding Balance
$103,125
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$900,574

Purchase Details

Closed on
Aug 10, 2010
Sold by
Deniston Stuart L and Deniston Alison
Bought by
Deniston Stuart L and Stuart L Deniston & Nancy B Deniston Joi
Source: Public Records

Range of Values:

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Average Value
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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
Margraff Glenn M $165,700 None Available
Margraff Glenn M $165,700 Lake Country Title Services
Deniston Stuart L -- None Available
Deniston Stuart L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Margraff Glenn M $150,000
Closed Deniston Stuart L $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2017 08/17/17 Sold $331,250 -5.4% $138 / Sq Ft
08/17/2017 08/17/17 Pending -- -- --
05/24/2017 05/24/17 For Sale $350,000 -- $146 / 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 $4,159 $746,000 $474,700 $271,300
2023 $4,576 $746,000 $474,700 $271,300
2022 $4,327 $472,400 $332,700 $139,700
2021 $4,196 $472,400 $332,700 $139,700
2020 $4,215 $472,400 $332,700 $139,700
2019 $4,241 $472,400 $332,700 $139,700
2018 $4,081 $472,400 $332,700 $139,700
2017 $3,976 $469,700 $332,700 $137,000
2016 $4,074 $469,700 $332,700 $137,000
2015 $3,966 $469,700 $332,700 $137,000
2014 $3,869 $469,700 $332,700 $137,000
2013 $4,379 $525,000 $395,100 $129,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Northwoods MLS

MLS Number: 165146

Greater Northwoods MLS

APN: 14-741-22