$175,000
SOLD DEC 15, 2023

5140 Wilmar Ln Rhinelander, WI 54501

3 Beds
1 Bath
1,368 Sq Ft
2.6 Acres

Recently Sold

$128 Per Sq Ft

30% Below List Price

146 Days on Market

Highlights

  • Lake Front
  • Wooded Lot
  • 2 Car Detached Garage
  • Private Lot
  • Main Floor Primary Bedroom
  • Open Space

About This Home

As of December 2023

A park like setting is what you'll find at this Hixon Lake property featuring 100 feet of frontage with an amazing Canadian view and 2.6 acres of lawn and towering pine trees. The home is an older farm house with great bones that could be updated and allow for comfortable family living. There is a newer detached garage and an updated septic system on the property as well. Bring the whole family to this one as there is plenty of room to roam and the fish are biting!

Last Agent to Sell the Property

Joe Flanders

FLANDERS REALTY GROUP License #52852 - 90 Listed on: 07/06/2023

Last Buyer's Agent

AVA SCHIDER

FLANDERS REALTY GROUP License #89209 - 94

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,099

Lot Details

  • 2.6 Acre Lot
  • Lake Front
  • Open Space
  • Rural Setting
  • Private Lot
  • Secluded Lot
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Stone Foundation
  • Frame Construction
  • Metal Roof
  • Metal Siding

Interior Spaces

  • 1,368 Sq Ft Home
  • 1.5-Story Property
  • Water Views
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Laundry in Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Gas Water Heater
  • Public Septic Tank
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number PE-406-2

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,099

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Road Frontage Type: Town Road
  • Water Body Name: HIXON
  • Ownership: Fee Simple
  • Above Grade Finished Sq Ft: 1368.0
  • Architectural Style: One and One Half Story
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • Property Attached Yn: No
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, Range, Refrigerator
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Mixed
  • Interior Amenities: Main Level Primary

Exterior Features

  • Lot Features: Lake Front, Level, Open Space, Private, Rural Lot, Secluded, Views, Wooded
  • View: Water
  • View: Yes
  • Waterfront Features: Shoreline - Sand, Shoreline - Fisherman/Weeds, Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, Metal Siding
  • Foundation Details: Stone
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Two Car Garage, Storage, Driveway

Utilities

  • Laundry Features: Washer Hookup, In Basement, Main Level
  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: County Septic Maintenance Program - Yes, Conventional Sewer
  • Utilities: Phone Available
  • Water Source: Driven Well, Well

Lot Info

  • Lot Size Sq Ft: 113256.0
  • Parcel #: PE-406-2

Tax Info

  • Tax Annual Amount: 1099.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Dec 15, 2023
Sold by
Johnson Brian C
Bought by
Nelson Bruce and Serrano Danette
Seller's Agent
Joe Flanders
FLANDERS REALTY GROUP
Buyer's Agent
AVA SCHIDER
FLANDERS REALTY GROUP
List Price
$249,900
Sold Price
$175,000
Premium/Discount to List
-$74,900
-29.97%
Views
739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.30%
Original Mortgage
$115,000
Outstanding Balance
$113,639
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$174,232
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 $175,000 Lighthouse Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $26,289 Construction
Open $115,000 New Conventional
Previous Owner $40,000 New Conventional
Previous Owner $6,845 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2025 04/30/25 For Sale $325,000 +85.7% $237 / Sq Ft
12/15/2023 12/15/23 Sold $175,000 -14.6% $128 / Sq Ft
09/11/2023 09/11/23 Price Changed $204,900 -8.9% $150 / Sq Ft
08/29/2023 08/29/23 Price Changed $225,000 -6.2% $164 / Sq Ft
08/01/2023 08/01/23 Price Changed $239,900 -4.0% $175 / Sq Ft
07/07/2023 07/07/23 For Sale $249,900 -- $183 / 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 $1,766 $118,100 $63,800 $54,300
2023 $1,720 $118,100 $63,800 $54,300
2022 $1,099 $118,100 $63,800 $54,300
2021 $1,730 $118,100 $63,800 $54,300
2020 $1,275 $118,100 $63,800 $54,300
2019 $1,276 $118,100 $63,800 $54,300
2018 $1,321 $118,100 $63,800 $54,300
2017 $1,380 $118,100 $63,800 $54,300
2016 $1,419 $118,100 $63,800 $54,300
2015 $1,456 $118,100 $63,800 $54,300
2014 $1,456 $118,100 $63,800 $54,300
2011 $1,337 $118,100 $63,800 $54,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Northwoods MLS

MLS Number: 202563

Greater Northwoods MLS

APN: 02401-0406-0002