NOT LISTED FOR SALE

5940 Forest Loop Rd Rhinelander, WI 54501

Estimated Value: $381,000 - $565,000

2 Beds
1 Bath
576 Sq Ft
$865/Sq Ft Est. Value

Last Sold October 30, 2015

Last sale price $224,000 $389 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $3,015/month

137 Days on Market

Highlights

  • Lake Front
  • 1,060,502 Sq Ft lot
  • Wooded Lot
  • Docks
  • Private Lot
  • Recreation Facilities

About This Home

As of October 2015

Secluded paradise with over 24 acres located just outside of Rhinelander. This cottage has 2 bedroom 1 bathroom with a wonderful Northwoods flair with its tongue and groove pine walls and beautiful views of the lake. The garage has a very large 23x15 finished area above it. This property stretches out along the water for over 1,400 feet and you'll love walking the trail along the water. There is a survey map of the property and estimates have been as high as 1,490 feet of water frontage. The land is heavily wooded with many very giant oak trees and towering pines that you could build your own log cabin with. Townline Lake offers 60 acres of water, 25 feet deep and a very sandy bottom. All the charm and character of yesteryear for a perfect Northwoods getaway. This property has been in the same family since the 1920's and it time for the next family to create lasting memories. Properties like this do not come on the market that often. Please call to schedule a viewing.

Last Agent to Sell the Property

EDMUND CHOINSKI

4 STAR REALTY License #51462 - 90 Listed on: 06/09/2015

Last Buyer's Agent

RAD WATKINS

REDMAN REALTY GROUP, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,496

Lot Details

  • 24.35 Acre Lot
  • Lot Dimensions are 998x1047
  • Lake Front
  • West Facing Home
  • Private Lot
  • Secluded Lot
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

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

Interior Spaces

  • 576 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Carpet
  • Water Views
  • Partial Basement

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Docks

Schools

  • Rhinelander High School

Utilities

  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Water Purifier
  • Water Softener
  • Phone Available

Community Details

  • Recreation Facilities

Listing and Financial Details

  • Assessor Parcel Number NE 399

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,496

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Lot Size: 998x1047
  • Road Frontage Type: Town Road
  • Water Body Name: TOWNLINE
  • Ownership: Fee Simple
  • Directions: From the corner of HWY k and Hwy 47 in Rhinelander. Take Hwy K West one block and turn right on Forest Loop Road. Go another block and look for sign on Right.
  • Above Grade Finished Sq Ft: 576.0
  • Architectural Style: One Story
  • Garage Yn: Yes
  • Unit Levels: One
  • Property Attached Yn: No
  • Building Stories: 1
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Water Softener, Water Purifier
  • Has Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Lot Features: Lake Front, Level, Private, Secluded, Views, Wooded
  • View: Water
  • View: Yes
  • Waterfront Features: Shoreline - Sand, Shoreline - Fisherman/Weeds, Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, Vinyl Siding
  • Direction Faces: West
  • Exterior Features: Dock
  • Foundation Details: Block
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: County Septic Maintenance Program - No
  • Utilities: Phone Available
  • Water Source: Driven Well, Well

Condo/Co-op/Association

  • Community Features: Quiet Area, Recreation Area

Schools

  • High School: ON Rhinelander

Lot Info

  • Current Use: Hunting
  • Lot Size Sq Ft: 1060502.0
  • Parcel #: NE 399
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 3496.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2015
Closed on
Oct 30, 2015
Sold by
Swensen Ardis M
Bought by
Scheel Kelby
Seller's Agent
EDMUND CHOINSKI
4 STAR REALTY
Buyer's Agent
RAD WATKINS
REDMAN REALTY GROUP, LLC
List Price
$299,000
Sold Price
$224,000
Premium/Discount to List
-$75,000
-25.08%
Current Estimated Value
$498,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,396
Avg. Annual Appreciation
8.33%

Purchase Details

Closed on
Jul 26, 2014
Sold by
Edmond I Edmond I
Bought by
Swensen Ardis

Purchase Details

Closed on
Sep 20, 2010
Sold by
Swensen Edmond I and Swensen Ardis M
Bought by
Swensen Edmond I and Swensen Ardis M
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
Scheel Kelby $224,000 --
Swensen Ardis -- --
Swensen Edmond I -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2015 10/30/15 Sold $224,000 -25.1% $389 / Sq Ft
10/26/2015 10/26/15 Pending -- -- --
06/10/2015 06/10/15 For Sale $299,000 -- $519 / 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 $4,566 $313,000 $173,900 $139,100
2023 $3,279 $237,300 $173,900 $63,400
2022 $2,616 $237,300 $173,900 $63,400
2021 $3,512 $237,300 $173,900 $63,400
2020 $3,072 $237,300 $173,900 $63,400
2019 $3,119 $237,300 $173,900 $63,400
2018 $3,198 $237,300 $173,900 $63,400
2017 $3,199 $237,300 $173,900 $63,400
2016 $3,297 $237,300 $173,900 $63,400
2015 $3,402 $237,300 $173,900 $63,400
2014 $3,402 $237,300 $173,900 $63,400
2011 $3,183 $237,300 $173,900 $63,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Northwoods MLS

MLS Number: 150783

Greater Northwoods MLS

APN: 02001-0399-0000