NOT LISTED FOR SALE

2198 W Martha Lake Rd Mercer, WI 54547

Estimated Value: $418,000 - $526,000

3 Beds
2.5 Baths
1,916 Sq Ft
$249/Sq Ft Est. Value

Last Sold June 22, 2013

Last sale price $300,000 $157 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,898/month

5 Days on Market

Highlights

  • Waterfront
  • Log Cabin
  • 2 Car Attached Garage
  • Wooded Lot
  • Formal Dining Room
  • 1-Story Property

About This Home

As of June 2013

Heating and Cooling = Hot Water. Skiing, snowmobile trails, fishing, relaxation are yours! This quality home is just minutes from everything "north woods". Easy flow layout, room for many guests, great view of the lake (motors allowed) that features a sandy shore. Available now, so you can move in and start enjoying your year-round home soon. Seller will consider a land contract. Comes w/warranty. Priced below appraisal!

Last Listed By

LISTING MAINTENANCE

Shorewest, Realtors Listed on: 05/23/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,290

Lot Details

  • 0.7 Acre Lot
  • Waterfront
  • Wooded Lot

Home Design

  • Log Cabin
  • Block Foundation
  • Log Siding

Interior Spaces

  • 1-Story Property
  • Formal Dining Room
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Partially Finished Basement

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

Parking

  • 2 Car Attached Garage
  • Driveway

Utilities

  • Heating System Uses Natural Gas
  • The lake is a source of water for the property
  • Well

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,290

Lot Details

0

Listing Details

  • Property Type: Residential
  • Type: Residential
  • Architecture: Log Home
  • Tax Municipality: Mercer, Town of
  • Building Style: 1 Story
  • Livinggreat Rm Level: Main
  • Municipality: Town of Mercer
  • Remarks Public: Heating and Cooling = Hot Water. Skiing, snowmobile trails, fishing, relaxation are yours! This quality home is just minutes from everything "north woods". Easy flow layout, room for many guests, great view of the lake (motors allowed) that features a sandy shore. Available now, so you can move in and start enjoying your year-round home soon. Seller will consider a land contract. Comes w/warranty. Priced below appraisal!
  • Tax Municipal Sub Area: None
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances Included: Dishwasher, Oven/Range
  • Fireplaces: Wood Burning
  • Interior Misc Included: Jetted Tub, Formal Dining Room
  • Total Bathrooms: 2.1
  • Bathrooms Finished Full: 2
  • Bathrooms Number Full Main: 2
  • Bathrooms Finished Half: 1
  • Bathrooms Number Half Lower: 1
  • Finished Bedrooms: 3
  • Bedroom 1 Primary: 13X14
  • Bedroom 1 Primary Level: Main
  • Bedroom 2: 13X10
  • Bedroom 2 Level: Main
  • Bedroom 3: 17X12
  • Bedroom 3 Level: Lower
  • Kitchen: 17X14
  • Kitchen Level: Main
  • Family Room: 15X12
  • Family Room Level: Main
  • Formal Dining: 12X10
  • Formal Dining Level: Main
  • Living/Great Room: 21X12
  • Laundry Room: 8X5
  • Laundry Room Level: Main
  • Lower Level: Full, Partial Finished Pre2020, Walkout Entrance-Door
  • Source Total Fin Sq Ft: Total Only: Combination
  • Sq Ft Finished Above Grade Est: 1666
  • Sq Ft Finished Below Grade Est: 250
  • Sq Ft Total Finished Above And Below: 1916
  • Price Per Sq Ft: 156.58
  • PRIMARYBDBATHFEATURES: Primary Bed 1st Floor

Exterior Features

  • Estimated Water Frontage: 200
  • Exterior Finish: Log
  • Exterior Misc Included: Deck, Patio
  • Foundation: Block
  • Water: Private Well
  • Water Frontage: Yes
  • Water Type: Lake

Garage/Parking

  • Garage: Attached
  • Driveway: Garage # 1-Unpaved
  • Number of Car Spaces: 2 Car
  • Garage1 Type: Attached
  • Total Number of Garages: 2

Utilities

  • Heating Fuel Type: Natural Gas
  • Waste: Conventional Septic
  • Water Body Name: Martha Lake

Schools

  • School District: Mercer

Lot Info

  • Lot Description: Wooded
  • Estimated Lot Sq Ft: 30492
  • Source Lot Sq Ft: Appraisal
  • Zoning: Residential
  • Geocode Date: 09/29/2016
  • Geocode Status2: G
  • Geo Match Code: 1
  • Geo Quality: 0.95
  • Geo Zoom Level: 17

Tax Info

  • Assessor Parcel Number: 012-2904-0000
  • Tax Net Amt: 4290
  • Tax Year: 2012

MLS Schools

  • School District: Mercer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2020
Sold by
Williams Nancy J
Bought by
Herman Steven and Herman Lorrie
Total Days on Market
5
Current Estimated Value
$477,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,800
Outstanding Balance
$223,780
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$260,569

Purchase Details

Listed on
May 23, 2013
Closed on
Jun 21, 2013
Sold by
Goblisch Walter and Goblisch Marguerite
Bought by
Williams Nancy J
Seller's Agent
LISTING MAINTENANCE
Shorewest, Realtors
Buyer's Agent
Sandi Van Sistine
Shorewest, Realtors
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%

Range of Values:

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Average Value
Not Available
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
Herman Steven $311,000 Knight Barry Title
Williams Nancy J $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herman Steven $248,800
Previous Owner Goblisch Walter C $20,000
Previous Owner Goblisch Walter C $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2013 06/22/13 Sold $300,000 0.0% $157 / Sq Ft
05/28/2013 05/28/13 Pending -- -- --
05/23/2013 05/23/13 For Sale $300,000 -- $157 / Sq Ft
Source: REALTORS® Association of Northeast Wisconsin

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 $4,338 $309,500 $112,500 $197,000
2023 $3,749 $309,500 $112,500 $197,000
2022 $4,244 $309,500 $112,500 $197,000
2021 $4,191 $309,500 $112,500 $197,000
2020 $4,862 $385,000 $150,000 $235,000
2019 $4,852 $385,000 $150,000 $235,000
2018 $4,815 $385,000 $150,000 $235,000
2017 $4,630 $385,000 $150,000 $235,000
2016 $4,291 $385,000 $150,000 $235,000
2015 $4,166 $385,000 $150,000 $235,000
2014 $4,166 $385,000 $150,000 $235,000
2013 $4,797 $385,000 $150,000 $235,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    LISTING MAINTENANCE

    Shorewest, Realtors

  • S

    Buyer's Agent in 2013

    Sandi Van Sistine

    Shorewest, Realtors

See All Agents

Map

Source: REALTORS® Association of Northeast Wisconsin

MLS Number: 50076609

REALTORS® Association of Northeast Wisconsin

APN: 12-2904-0000

Wisconsin Iron County Mercer 54547

2198 W Martha Lake Rd, Mercer, WI

Homes for Sale in Mercer, WI

This home is located at 2198 W Martha Lake Rd, Mercer, WI 54547 since 23 May 2013 and is currently estimated at $477,817, approximately $249 per square foot. 2198 W Martha Lake Rd is a home located in Iron County.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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