NOT LISTED FOR SALE

2516 Martha Lake Rd Mercer, WI 54547

Estimated Value: $191,568 - $518,000

3.74 Acres
$94,862 Price per Acre
162,914 Sq Ft Lot

Last Sold June 13, 2024

Last sale price $195,000

Est. 82% increase in value since last sale

Current estimated payment $2,005/month

96 Days on Market

Highlights

  • Lake Front
  • RV Access or Parking
  • Wooded Lot
  • Docks
  • Wetlands on Lot
  • Shed

About This Lot

As of June 2024

Grand Portage Lake - Prep work done – Ready to Build! This property has a newer 2 car garage, 3.74 acres of land and 580’ of meandering frontage on a fully recreational lake. The garage’s interior is 12’ in height, has concrete floor with floor drain, 2 x 6 construction, and temporary electric to use garage door opener. Low maintenance since garage is wrapped in LP smart siding, metal eaves, and shingled roof. On site is a drilled well, electric pedestal with century link line, and electric service for RV hook up. Plus, there is an RV dumpsite connected to an existing conventional septic system. Awesome shed with wood siding, large double doors, several windows, deck and can be used for your storage or relaxing in front of an open fire. The shed overlooks the campfire, lowland, and lake. The acreage is wooded and has a clearing ready for a home plus an existing driveway with Y/R access. Included, a pier and boardwalk. Immediate access to ATV/snowmobile trails.

Last Agent to Sell the Property

Diana Giardina

CENTURY 21 PIERCE REALTY - MERCER License #58666 - 90 Listed on: 03/08/2024

CENTURY 21 PIERCE REALTY - MERCER

Last Buyer's Agent

Diana Giardina

CENTURY 21 PIERCE REALTY - MERCER License #58666 - 90 Listed on: 03/08/2024

CENTURY 21 PIERCE REALTY - MERCER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,182

Year Built

  • Built in 2022

Lot Details

  • 3.74 Acre Lot
  • Lake Front
  • Property fronts a private road
  • Property fronts an easement
  • Street terminates at a dead end
  • Sloped Lot
  • Wooded Lot

Parking

  • 2 Car Garage
  • RV Access or Parking

Home Design

  • Shingle Roof
  • Composition Roof

Outdoor Features

  • Docks
  • Wetlands on Lot
  • Shed

Schools

  • Mercer Elementary And Middle School
  • Mercer High School

Additional Features

  • Water Views
  • Concrete Flooring
  • Drilled Well

Property Details

Property Type

Land

Est. Annual Taxes

$1,182

Year Built

Built in 2022

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Lakefront
  • Road Frontage Type: Easement, Private Road
  • Water Body Name: GRAND PORTAGE
  • Ownership: Fee Simple
  • Directions: Take HWY 51 South to left, on Harper St. At the stop sign go right, onto Martha Lake Road. Turn left at Grand Portage Resort sign. (After senior center) Property on left at fire #2516W.
  • Garage Yn: Yes
  • Year Built: 2022
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Flooring: Concrete

Exterior Features

  • Lot Features: Dead End, Lake Front, Sloped, Views, Wooded, Wetlands
  • View: Water
  • View: Yes
  • Waterfront Features: Other, Shoreline - Fisherman/Weeds, Shoreline - Silt, Lake Front
  • Waterfront: Yes
  • Exterior Features: Dock, Shed
  • Other Structures: Shed(s)
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage, Two Car Garage, RV Access/Parking
  • Total Parking Spaces: 2.0

Utilities

  • Sewer: Conventional Sewer
  • Utilities: Natural Gas Available
  • Water Source: Drilled Well

Schools

  • Elementary School: IR Mercer
  • High School: IR Mercer
  • Middle Or Junior School: IR Mercer

Lot Info

  • Lot Size Sq Ft: 162914.0
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 1182.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2006
Sold by
Herbert Eric E and Herbert Lauriel L
Bought by
Wilm Investments Properties Llc
Current Estimated Value
$354,784
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
Wilm Investments Properties Llc $485,000 Associated Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2024 06/13/24 Sold $195,000 -2.5% --
04/24/2024 04/24/24 Price Changed $199,900 -7.0% --
03/08/2024 03/08/24 For Sale $214,900 -- --
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 $1,378 $99,500 $37,500 $62,000
2023 $1,182 $99,500 $37,500 $62,000
2022 $1,245 $99,500 $37,500 $62,000
2021 $476 $37,500 $37,500 $0
2020 $477 $37,500 $37,500 $0
2019 $476 $37,500 $37,500 $0
2018 $472 $37,500 $37,500 $0
2017 $454 $37,500 $37,500 $0
2016 $642 $56,300 $56,300 $0
2015 $625 $56,300 $56,300 $0
2014 $622 $56,300 $56,300 $0
2013 $718 $56,300 $56,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Northwoods MLS

MLS Number: 205791

Greater Northwoods MLS

APN: 12-2240-0000