NOT LISTED FOR SALE

4178N Wallace Rd Mercer, WI 54547

Estimated Value: $539,000 - $840,298

2 Beds
2 Baths
1,400 Sq Ft
$493/Sq Ft Est. Value

Last Sold January 22, 2024

Last sale price $435,000 $311 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,827/month

236 Days on Market

Highlights

  • Lake Front
  • Barn
  • Cathedral Ceiling
  • Guest House
  • Deck
  • 4 Car Detached Garage

About This Home

As of January 2024

MOTIVATED SELLER! Enjoy the Famous Turtle Flambeau Flowage at this 2 bedroom, 2 bath home w/24 x 42 det garage, 1 br seasonal cabin & separate 28 x 24 rec house w/drive-in full basement. Home has open concept living room, dining, kitchen, patio door that leads to wrap around deck to sit & enjoy the beautiful lake view. Master br w/master bath & walk-in closet, guest br, bath, full unfinished walk-out basement w/stubbed in bath, unfinished br area w/egress window, family room w/pellet stove & patio door. The seasonal cabin w/lakeside screened porch, eat-in kitchen, living room, sitting room, br, half bath & separate shower room. The heated recreation house w/large main level open room w/lake view plenty of room for entertaining or a hobby room. Has full unfinished drive-in lower level, for storing your boats & water toys. Plus 24 x 42 detached garage with room for vehicles & rec vehicles. All with 350 ft shoreline on the Flambeau Flowage & 1 acre land. Additional 13 acres available.

Last Listed By

Kathy Tutt

RE/MAX ACTION NORTHWOODS REALTY, LLC License #38780 - 90 Listed on: 05/23/2023

RE/MAX ACTION NORTHWOODS REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47

Year Built

  • Built in 2007

Lot Details

  • 1 Acre Lot
  • Lake Front
  • Street terminates at a dead end
  • South Facing Home
  • Sloped Lot

Parking

  • 4 Car Detached Garage
  • Gravel Driveway

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Laminate Flooring
  • Washer Hookup
  • Property Views

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Laundry in Basement
  • Stubbed For A Bathroom
  • Basement Window Egress

Outdoor Features

  • Deck
  • Open Patio
  • Outbuilding

Schools

  • Mercer Elementary And Middle School
  • Mercer High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Pellet Stove burns compressed wood to generate heat
  • Well
  • Drilled Well
  • Propane Water Heater
  • Water Softener
  • Public Septic Tank

Additional Features

  • Guest House
  • Barn

Home Details

Home Type

Single Family

Est. Annual Taxes

$47

Year Built

Built in 2007

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Road Frontage Type: Town Road
  • Water Body Name: TURTLE-FLAMBEAU FLOWAGE
  • Ownership: Personal Rep
  • Directions: From Mercer - HWY 51 north 1 mile to LEFT on CTH FF. Go 5.5 miles to LEFT on Wallace Rd. Go 1.8 miles to 4178N.
  • Above Grade Finished Sq Ft: 1400.0
  • Architectural Style: Ranch, One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2007
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Propane Water Heater, Refrigerator, Water Softener
  • Has Basement: Egress Windows, Full, Interior Entry, Bath/Stubbed, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Pellet Stove
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), Pantry, Walk-In Closet(s)

Exterior Features

  • Lot Features: Dead End, Lake Front, Sloped
  • View: Yes
  • Waterfront Features: Shoreline - Sand, Shoreline - Rocky, Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, Vinyl Siding
  • Direction Faces: South
  • Exterior Features: Out Building(s), Gravel Driveway, Propane Tank - Leased
  • Foundation Details: Poured
  • Other Structures: Barn(s), Guest House, Outbuilding
  • Patio And Porch Features: Deck, Open
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 4.0
  • Parking Features: Detached, Four Car Garage, Four or more Spaces, Storage, Driveway

Utilities

  • Laundry Features: Washer Hookup, In Basement
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: County Septic Maintenance Program - Yes, Conventional Sewer
  • Water Source: Drilled Well, Well

Schools

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

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 9999999999
  • Zoning Description: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2008
Sold by
Schlais Donna A
Bought by
Schlais Gary W
Total Days on Market
236
Current Estimated Value
$689,649

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
5.73%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 5, 2007
Sold by
Schlais Gary and Schlais Gary W
Bought by
Schlais Gary and Schlais Donna A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

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
Schlais Gary W -- None Available
Schlais Gary -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schlais Gary W $248,000
Closed Schlais Gary W $30,000
Closed Schlais Gary $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2024 01/22/24 Sold $435,000 -27.5% $311 / Sq Ft
09/25/2023 09/25/23 Price Changed $599,900 -6.1% $429 / Sq Ft
07/26/2023 07/26/23 Price Changed $639,000 -8.1% $456 / Sq Ft
05/23/2023 05/23/23 For Sale $695,000 -- $496 / 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 $47 $334,500 $187,500 $147,000
2023 $6,393 $481,000 $311,900 $169,100
2022 $6,039 $481,000 $311,900 $169,100
2021 $5,937 $481,000 $311,900 $169,100
2020 $6,000 $481,000 $311,900 $169,100
2019 $5,976 $481,000 $311,900 $169,100
2018 $5,937 $481,000 $311,900 $169,100
2017 $5,730 $481,000 $311,900 $169,100
2016 $5,386 $481,000 $311,900 $169,100
2015 $5,227 $481,000 $311,900 $169,100
2014 $5,227 $481,000 $311,900 $169,100
2013 $6,021 $481,000 $311,900 $169,100
Source: Public Records

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Source: Greater Northwoods MLS

MLS Number: 201583

Greater Northwoods MLS

APN: 012-0171-0000