NOT LISTED FOR SALE

3540 Lake Thompson Rd Unit 8 Rhinelander, WI 54501

Estimated Value: $158,000 - $229,000

3 Beds
1.5 Baths
1,225 Sq Ft
9 Acres

Last Sold September 18, 2023

Last sale price $197,000 $161 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,208/month

93 Days on Market

Highlights

  • Lake Front
  • Ranch Style House
  • Views
  • Docks
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of September 2023

Stop renting a summer vacation cabin...Own it & rent to others, keeping it for your own use on those weeks you choose to for your get-away. Located East of Rhinelander and situated on Lake Thompson, a full recreational lake providing 400 acres of fun with a popular resort/restaurant on the south/east shore, and features all the beauty of the Northwoods. The condo is year round and includes a storage/garage unit, 450 ft. of shoreline, beach area, boat slip, small fishing boat and blacktop drive for easy access to the lake front. Yearly condo fee $1,955.39 and Home Owners Insurance $945.62

Last Agent to Sell the Property

Lisa Alsteen

REDMAN REALTY GROUP, LLC License #52808 - 90 Listed on: 06/09/2023

Last Buyer's Agent

Lisa Alsteen

REDMAN REALTY GROUP, LLC License #52808 - 90 Listed on: 06/09/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,048

Lot Details

  • Lake Front
  • Property fronts a private road

Parking

  • 1 Car Detached Garage
  • Shared Driveway

Home Design

  • Ranch Style House
  • Block Foundation
  • Shingle Roof
  • Composition Roof
  • Modular or Manufactured Materials

Interior Spaces

  • 1,225 Sq Ft Home
  • Crawl Space
  • Range
  • Property Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Docks

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Shared Well
  • Well
  • Drilled Well
  • Mound Septic
  • Shared Septic

Community Details

  • Pinewood Lodge Condominium Subdivision

Listing and Financial Details

  • Assessor Parcel Number PE-1638

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,048

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Road Frontage Type: Private Road, Town Road
  • Water Body Name: THOMPSON
  • Ownership: Fee Simple,Condominium
  • Subdivision Name: Pinewood Lodge Condominium
  • Directions: East on Lincoln Street/CTH P to Left on Faust Lake Road to Right on North Shore Drive at stop sign take Rt. onto Lake Thompson Road. Straight into condo property. Property on the Left #3540.
  • Above Grade Finished Sq Ft: 1225.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Range, Refrigerator
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl

Exterior Features

  • Lot Features: Lake Front, Level
  • View: Yes
  • Waterfront Features: Shoreline - Sand, Lake Front
  • Waterfront: Yes
  • Construction Type: Manufactured
  • Exterior Features: Dock
  • Foundation Details: Block
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Detached, One Car Garage, One Space, Shared Driveway
  • Total Parking Spaces: 1.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Mound Septic, Shared Septic
  • Water Source: Drilled Well, Shared Well, Well

Condo/Co-op/Association

  • Common Interest: Condominium

Lot Info

  • Lot Size Sq Ft: 374818.0
  • Parcel #: PE-1638

Tax Info

  • Tax Annual Amount: 1048.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2023
Closed on
Sep 18, 2023
Sold by
Adams Terry E and Belbot Brenda S
Bought by
Dangelo Charles M and Hulina Robert L
Seller's Agent
Lisa Alsteen
REDMAN REALTY GROUP, LLC
Buyer's Agent
Lisa Alsteen
REDMAN REALTY GROUP, LLC
List Price
$219,000
Sold Price
$197,000
Premium/Discount to List
-$22,000
-10.05%
Total Days on Market
93
Views
287
Current Estimated Value
$204,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,875
Avg. Annual Appreciation
2.33%
Original Mortgage
$157,600
Outstanding Balance
$154,963
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$49,912

Purchase Details

Closed on
May 5, 2023
Sold by
Hicks & Lichts Llc
Bought by
Adams Terry E and Belbot Brenda S

Purchase Details

Closed on
Dec 30, 2020
Sold by
Redmond Timothy P and Redmond Elizabeth G
Bought by
Hicks & Lichts Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,448
Interest Rate
2.71%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 17, 2014
Sold by
Terry L Terry L and Niemann Caroline M
Bought by
Redmond Timothy P and Redmond Elizabeth G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,200
Interest Rate
4.19%
Mortgage Type
Unknown
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
Dangelo Charles M $197,000 None Listed On Document
Adams Terry E $205,000 None Listed On Document
Hicks & Lichts Llc $150,000 Shoreline Title
Redmond Timothy P -- Northern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dangelo Charles M $157,600
Previous Owner Hicks & Lights Llc $120,448
Previous Owner Redmond Timothy P $260,000
Previous Owner Redmond Timpthy P $95,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2023 09/18/23 Sold $197,000 -10.0% $161 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
06/09/2023 06/09/23 For Sale $219,000 -- $179 / 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 $1,434 $95,900 $16,800 $79,100
2023 $1,396 $95,900 $16,800 $79,100
2022 $1,048 $95,900 $16,800 $79,100
2021 $1,405 $95,900 $16,800 $79,100
2020 $1,160 $95,900 $16,800 $79,100
2019 $1,185 $95,900 $16,800 $79,100
2018 $1,209 $95,900 $16,800 $79,100
2017 $1,214 $95,900 $16,800 $79,100
2016 $1,257 $95,900 $16,800 $79,100
2015 $1,267 $95,900 $16,800 $79,100
2014 $1,267 $95,900 $16,800 $79,100
2011 $1,141 $95,900 $16,800 $79,100
Source: Public Records

Agents Affiliated with this Home

  • Lisa Alsteen

    Seller's Agent in 2023

    Lisa Alsteen

    REDMAN REALTY GROUP, LLC

    (715) 892-2524

    261 Total Sales

    Lisa Alsteen
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Map

Source: Greater Northwoods MLS

MLS Number: 201975

Greater Northwoods MLS

APN: PE 1638

Wisconsin Oneida County Rhinelander 54501

3540 Lake Thompson Rd Unit 8, Rhinelander, WI

This home is located at 3540 Lake Thompson Rd Unit 8, Rhinelander, WI 54501 since 09 June 2023 and is currently estimated at $204,875, approximately $167 per square foot. 3540 Lake Thompson Rd Unit 8 is a home located in Oneida County with nearby schools including Pelican Elementary School, James Williams Middle School, and Rhinelander High School.

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.

Greater Northwoods MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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