NOT LISTED FOR SALE

3504 Cedar Ln Rhinelander, WI 54501

Estimated Value: $204,000 - $610,000

3 Beds
1 Bath
540 Sq Ft
1.67 Acres

Last Sold November 17, 2017

Last sale price $90,000 $167 Per Sq Ft

Est. 271% increase in value since last sale

Current estimated payment $1,892/month

260 Days on Market

Highlights

  • Lake Front
  • Cathedral Ceiling
  • Views
  • Docks
  • 1 Car Detached Garage
  • Bungalow

About This Home

As of November 2017

Located just steps away from a level sandy beach, this 3 BR and 1 BA year round cottage is the perfect family getaway for this summer. This cottage is on Lake Thompson with 382 acres of full recreation water. The Holiday Acres Resort is located on this lake and offers fine dining just a boat ride away. This property is part of The Breezy Point Condo so there is no lawn for you to mow and you have the opportunity to rent you cottage out for income by the week when you are not enjoying it. The property comes fully furnished except for a kitchen table, but does include the picnic table. The detached garage is 14 x 34 with room for your boat and summer times toys to be stored in the winter months. Condo Assoc dues adds the convenience of no lawn mowing, trimming or putting docks in/out, annual fire wood stock supplied. No need for extra lawn/fire pit chairs - plenty to use along with large wooden play structure, swim raft, swim pier and paddle boat.

Last Agent to Sell the Property

Judy Mixis

SHOREWEST - RHINELANDER License #57961 - 90 Listed on: 02/27/2017

SHOREWEST - RHINELANDER

Last Buyer's Agent

Renee Rasmussen

REDMAN REALTY GROUP, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,555

Lot Details

  • Lake Front
  • South Facing Home

Parking

  • 1 Car Detached Garage
  • Gravel Driveway
  • Shared Driveway

Home Design

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

Interior Spaces

  • 540 Sq Ft Home
  • Cathedral Ceiling
  • Crawl Space
  • Property Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Docks

Schools

  • Central Elementary School
  • J. Williams Middle School
  • Rhinelander High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Underground Utilities
  • Shared Well
  • Drilled Well
  • Gas Water Heater
  • Mound Septic
  • Public Septic Tank
  • Shared Septic
  • High Speed Internet
  • Cable TV Available

Community Details

  • Shops

Listing and Financial Details

  • Assessor Parcel Number PE 1771

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,555

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Road Frontage Type: Town Road
  • Road Surface Type: Paved
  • Water Body Name: THOMPSON
  • Ownership: Condominium
  • Directions: Hwy 8 East, Left on Faust Lake Rd, Right on North Shore Dr to Right on Cedar Lane to #3504
  • Above Grade Finished Sq Ft: 540.0
  • Architectural Style: Bungalow
  • Garage Yn: Yes
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Furnished: Furnished Or Unfurnished
  • Appliances: Gas Water Heater, Refrigerator
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Cathedral Ceiling(s), High Ceilings, Cable TV, Vaulted Ceiling(s)

Exterior Features

  • Lot Features: Lake Front, Level
  • View: Yes
  • Waterfront Features: Shoreline - Sand, Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, Wood Siding
  • Direction Faces: South
  • Exterior Features: Dock, Gravel Driveway
  • Foundation Details: Block
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage, One Car Garage, Driveway, Shared Driveway

Utilities

  • Heating: Forced Air, Natural Gas, Wall Furnace
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: County Septic Maintenance Program - Yes, Mound Septic, Shared Septic
  • Utilities: Cable Available, High Speed Internet Connected, Underground Utilities
  • Water Source: Drilled Well, Shared Well

Condo/Co-op/Association

  • Community Features: Shopping
  • Common Interest: Condominium

Schools

  • Elementary School: ON Central
  • High School: ON Rhinelander
  • Middle Or Junior School: ON J. Williams

Lot Info

  • Lot Size Sq Ft: 72745.0
  • Parcel #: PE 1771
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 1555.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2017
Closed on
Nov 17, 2017
Sold by
Lake Terrence R and Lake Ann M
Bought by
Rismeyer Neil W and Rismeyer Kyle
Seller's Agent
Judy Mixis
SHOREWEST - RHINELANDER
Buyer's Agent
Renee Rasmussen
REDMAN REALTY GROUP, LLC
List Price
$98,000
Sold Price
$90,000
Premium/Discount to List
-$8,000
-8.16%
Current Estimated Value
$334,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,220
Avg. Annual Appreciation
17.94%
Original Mortgage
$72,000
Outstanding Balance
$60,333
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$273,887

Purchase Details

Closed on
Aug 28, 2014
Sold by
Curt L Curt L and Thorell Mary L
Bought by
Lake Terrence R and Lake Ann M
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
Rismeyer Neil W $90,000 Oneida Title & Abstract Inc
Lake Terrence R -- Oneida Title & Abstract, Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rismeyer Neil W $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2017 11/17/17 Sold $90,000 -8.2% $167 / Sq Ft
11/17/2017 11/17/17 Pending -- -- --
03/01/2017 03/01/17 For Sale $98,000 -- $181 / 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 $1,670 $111,700 $93,800 $17,900
2023 $1,626 $111,700 $93,800 $17,900
2022 $1,230 $111,700 $93,800 $17,900
2021 $1,637 $111,700 $93,800 $17,900
2020 $1,363 $111,700 $93,800 $17,900
2019 $1,392 $111,700 $93,800 $17,900
2018 $1,420 $111,700 $93,800 $17,900
2017 $1,426 $111,700 $93,800 $17,900
2016 $1,477 $111,700 $93,800 $17,900
2015 $1,488 $111,700 $93,800 $17,900
2014 $1,488 $111,700 $93,800 $17,900
2011 $1,339 $111,700 $93,800 $17,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Northwoods MLS

MLS Number: 162914

Greater Northwoods MLS

APN: PE 1771