NOT LISTED FOR SALE

4178N Wallace Rd Mercer, WI 54547

Estimated Value: $847,000

2 Beds
2 Baths
1,400 Sq Ft
$605/Sq Ft Est. Value

Last Sold January 22, 2024

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

Est. 95% increase in value since last sale

Current estimated payment $4,481/month

236 Days on Market

Highlights

  • Lake Front
  • Barn
  • Cathedral Ceiling
  • Guest House
  • Deck
  • 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 Agent to Sell the Property

Kathy Tutt

RE/MAX ACTION NORTHWOODS REALTY, LLC License #38780 - 90 Listed on: 05/22/2023

RE/MAX ACTION NORTHWOODS REALTY, LLC

Last Buyer's Agent

Kathy Tutt

RE/MAX ACTION NORTHWOODS REALTY, LLC License #38780 - 90 Listed on: 05/22/2023

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

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

Parking

  • Detached Garage
  • Gravel Driveway

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
  • 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

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), High Ceilings, Bath in Primary Bedroom, Main Level Primary, Pantry, Vaulted Ceiling(s), 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

  • Attached Garage: No
  • Parking Features: Detached, Four Car Garage, Four or more Spaces, Garage, 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

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
Current Estimated Value
$847,000

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
Outstanding Balance
$133,802
Interest Rate
5.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$713,198
Source: Public Records

Range of Values:

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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 $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

Agents Affiliated with this Home

  • Kathy Tutt

    Seller's Agent in 2024

    Kathy Tutt

    RE/MAX

    (715) 776-3555

    198 Total Sales

    Kathy Tutt
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Map

Source: Greater Northwoods MLS

MLS Number: 201583

Greater Northwoods MLS

APN: 012-0171-0000

Wisconsin Iron County Mercer 54547

4178N Wallace Rd, Mercer, WI

This home is located at 4178N Wallace Rd, Mercer, WI 54547 since 22 May 2023 and is currently estimated at $847,000, approximately $605 per square foot. This property was built in 2007. 4178N Wallace Rd is a home located in Iron County.

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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