NOT LISTED FOR SALE

5553N E Echo Lake Rd Mercer, WI 54547

Estimated Value: $458,000 - $503,000

2 Beds
0.5 Bath
1,800 Sq Ft
$266/Sq Ft Est. Value

Last Sold February 21, 2015

Last sale price $110,000 $61 Per Sq Ft

Est. 335% increase in value since last sale

Current estimated payment $2,861/month

247 Days on Market

Highlights

  • Lake Front
  • Views
  • Wood Siding
  • Detached Garage
  • Forced Air Heating System

About This Home

As of February 2015

Recently updated this two bedroom cottage has great views of the water and level frontage. Two garages to store all the toys needed for the hours of recreation this water offers. Inside has been well maintained and on the outside there is no need for yard work as all the buildings and water front are all accessed by would deck walkways. This is a Fannie Mae HomePath property. All agents submit offers on this listing using the HomePath Online Offer system at the HomePath.com website.

Last Agent to Sell the Property

SUE ANNE MARCINIAK

GREGORY REALTY, INC Listed on: 06/17/2014

Last Buyer's Agent

SUE ANNE MARCINIAK

GREGORY REALTY, INC Listed on: 06/17/2014

Home Details

Home Type

  • Single Family

Lot Details

  • 0.82 Acre Lot
  • Lake Front

Parking

  • Detached Garage

Home Design

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

Interior Spaces

  • 1,800 Sq Ft Home
  • 1.5-Story Property
  • Property Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 0.5 Bathroom

Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well

Listing and Financial Details

  • Assessor Parcel Number 3253

Home Details

Home Type

Single Family

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: ECHO
  • Ownership: Corporation
  • Directions: Hwy 51 North right on Hwy J to left on East Echo Lake Rd to sign on left.
  • Above Grade Finished Sq Ft: 1800.0
  • 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

  • Has Basement: Exterior Entry, Interior Entry, Partial
  • Basement YN: Yes
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Lot Features: Lake Front
  • View: Yes
  • Waterfront Features: Shoreline - Sand, Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Block
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 35719.0
  • Parcel #: 3253
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 2882.0
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2014
Closed on
Feb 13, 2015
Sold by
Fannie Mae
Bought by
Augustniak Bradley J and Augustniak Jennifer S
Seller's Agent
SUE ANNE MARCINIAK
GREGORY REALTY, INC
Buyer's Agent
SUE ANNE MARCINIAK
GREGORY REALTY, INC
List Price
$249,900
Sold Price
$110,000
Premium/Discount to List
-$139,900
-55.98%
Current Estimated Value
$478,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,100
Avg. Annual Appreciation
14.46%
Original Mortgage
$88,000
Outstanding Balance
$67,699
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$410,401

Purchase Details

Closed on
Feb 25, 2014
Sold by
Lundgren Thomas J
Bought by
Federal National Mortgage Association ("Fanni

Purchase Details

Closed on
Oct 6, 2011
Sold by
Lungren Thomas J and Lungren Jacqulynn J
Bought by
Lundgren Thomas J

Purchase Details

Closed on
Nov 1, 2005
Sold by
Kropp Christopher A and Kropp Sara J
Bought by
Lundgren Thomas J and Lundgren Jacqulynn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Augustniak Bradley J -- --
Federal National Mortgage Association ("Fanni $172,600 --
Lundgren Thomas J $250,000 --
Lundgren Thomas J $265,000 Associated Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Augustniak Bradley J $88,000
Previous Owner Lundgren Thomas J $212,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2015 02/21/15 Sold $110,000 -56.0% $61 / Sq Ft
02/21/2015 02/21/15 Pending -- -- --
06/18/2014 06/18/14 For Sale $249,900 -- $139 / 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 $4,370 $304,500 $75,000 $229,500
2023 $2,633 $214,500 $75,000 $139,500
2022 $1,821 $144,500 $75,000 $69,500
2021 $1,956 $157,500 $75,000 $82,500
2020 $2,012 $157,500 $75,000 $82,500
2019 $2,091 $157,500 $75,000 $82,500
2018 $2,075 $157,500 $75,000 $82,500
2017 $1,999 $157,500 $75,000 $82,500
2016 $1,887 $157,500 $75,000 $82,500
2015 $1,839 $157,500 $75,000 $82,500
2014 $2,553 $218,500 $93,800 $124,700
2013 $2,881 $218,500 $93,800 $124,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    SUE ANNE MARCINIAK

    GREGORY REALTY, INC

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Map

Source: Greater Northwoods MLS

MLS Number: 142892

Greater Northwoods MLS

APN: 12-3253-0000

Wisconsin Iron County Mercer 54547

5553N E Echo Lake Rd, Mercer, WI

Not Listed for Sale

Detached

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