$465,000
SOLD MAY 22, 2025

34845 Elm St Oconomowoc, WI 53066

3 Beds
1 Bath
1,226 Sq Ft
0.32 Acres

Recently Sold

$379 Per Sq Ft

13% Below List Price

16 Days on Market

Highlights

  • Water Views
  • 1 Car Detached Garage
  • Forced Air Heating System
  • Summit Elementary School Rated A
  • Bungalow

About This Home

As of May 2025

The best opportunity to own a lake property at this price in all of Lake Country. This lake home is located on the channel of Lower Nemahbin Lake, with full access to both Lower and Upper Nemahbin Lakes. Bring your own builder and start planning your dream home. The property has 50 feet of lake frontage and slopes gently downhill from the existing house to the shoreline to allow you to potentially build a new home with multiple walk-out levels and lake view from every room. The current home located on the property is dated and would need substantial repairs, including flooring, electrical updates, drywall, kitchen appliances, etc. The existing garage would need to be rebuilt. Whether you choose to remodel or build new, this property is all about what it could become.

Last Agent to Sell the Property

Aaron Werner

Lake Vida LLC License #60170-90 Listed on: 04/17/2025

Last Buyer's Agent

Aaron Werner

Lake Vida LLC License #60170-90 Listed on: 04/17/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,340

Lot Details

  • 0.32 Acre Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • 1,226 Sq Ft Home
  • 2-Story Property
  • Water Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

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

Schools

  • Oconomowoc High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number SUMT0670049

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,340

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Single-Family
  • Lot Size Acres: 0.32
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Unit Levels: 2 Story
  • Property Information:Est Total Sq Ft: 1226
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: None
  • Has Basement: Full, Walk Out/Outer Door, Block
  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Lot Features: View of Water
  • Construction Type: Vinyl

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Parking Features: Garage Door Opener
  • Garage Type: Detached

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Oconomowoc Area
  • High School: Oconomowoc

Lot Info

  • Lot Size Sq Ft: 13939.2
  • Parcel #: SUMT0670049

Tax Info

  • Tax Annual Amount: 3339.79
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2025
Closed on
May 22, 2025
Sold by
Elk Lodge Llc
Bought by
Nelson Emma L and Nelson Bryant V
Seller's Agent
Aaron Werner
Lake Vida LLC
Buyer's Agent
Aaron Werner
Lake Vida LLC
List Price
$535,000
Sold Price
$465,000
Premium/Discount to List
-$70,000
-13.08%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.02%
Original Mortgage
$372,000
Outstanding Balance
$372,000
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$125,065

Purchase Details

Listed on
Apr 17, 2025
Closed on
Mar 24, 2025
Sold by
Werner Aaron
Bought by
Elk Lodge Llc
Seller's Agent
Aaron Werner
Lake Vida LLC
Buyer's Agent
Aaron Werner
Lake Vida LLC
List Price
$535,000
Sold Price
$465,000
Premium/Discount to List
-$70,000
-13.08%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Outstanding Balance
$372,000
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$125,065

Purchase Details

Listed on
Aug 9, 2024
Closed on
Oct 9, 2024
Sold by
Selje Gail G
Bought by
Werner Aaron
Seller's Agent
Raffi Shirikian
Roffman Realty Group, LLC
Buyer's Agent
Aaron Werner
Lake Vida LLC
List Price
$359,000
Sold Price
$420,000
Premium/Discount to List
$61,000
16.99%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.49%
Original Mortgage
$336,000
Interest Rate
6.34%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $465,000 Frontier Title
Quit Claim Deed -- None Listed On Document
Personal Reps Deed $420,000 Frontier Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $372,000 New Conventional
Previous Owner $336,000 New Conventional
Previous Owner $14,350 New Conventional
Previous Owner $132,000 New Conventional
Previous Owner $133,000 Future Advance Clause Open End Mortgage
Previous Owner $125,000 Future Advance Clause Open End Mortgage
Previous Owner $118,984 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Sold $465,000 -13.1% $379 / Sq Ft
04/17/2025 04/17/25 For Sale $535,000 +27.4% $436 / Sq Ft
10/16/2024 10/16/24 Sold $420,000 +17.0% $343 / Sq Ft
10/16/2024 10/16/24 Pending -- -- --
10/04/2024 10/04/24 Off Market $359,000 -- --
08/30/2024 08/30/24 For Sale $359,000 -- $293 / Sq Ft
Source: Metro 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 $3,340 $247,200 $130,000 $117,200
2023 $3,091 $247,200 $130,000 $117,200
2022 $3,100 $247,200 $130,000 $117,200
2021 $3,337 $212,100 $108,500 $103,600
2020 $3,447 $212,100 $108,500 $103,600
2019 $3,403 $212,100 $108,500 $103,600
2018 $3,289 $212,100 $108,500 $103,600
2017 $3,366 $212,100 $108,500 $103,600
2016 $3,329 $212,100 $108,500 $103,600
2015 $3,386 $212,100 $108,500 $103,600
2014 $2,990 $212,100 $108,500 $103,600
2013 $2,990 $212,800 $108,500 $104,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1912932

Metro MLS

APN: SUMT-0670-049