$289,000
SOLD JAN 21, 2025

701 Lake Ave E Ladysmith, WI 54848

3 Beds
2 Baths
2,424 Sq Ft
0.79 Acres

Recently Sold

$119 Per Sq Ft

4% Below List Price

39 Days on Market

Highlights

  • Waterfront
  • No HOA
  • Cooling Available
  • Deck
  • 2 Car Detached Garage
  • Shed

About This Home

As of January 2025

Discover this beautiful riverfront retreat with over 130 feet of pristine water frontage, offering unparalleled views and a park-like setting in the backyard. This cozy home features all the convenience of 2 bedrooms, 1 bathroom, and laundry on the main level. The walk-out basement boasts a third bedroom, an additional full bathroom, a spacious family room, and a kitchenette—ideal for guests or extended family. Step through the French doors in the living room and onto the upper deck to enjoy the ultimate river view, perfect for relaxing or entertaining. With abundant storage throughout and a 2 car garage, this home ensures all your needs are met. Don't miss the chance to own this serene riverside property!

Last Agent to Sell the Property

Shannon Hantke

CB Northern Escape/Ladysmith Brokerage Phone: 715-532-7300 License #90766-94 Listed on: 12/12/2024

Last Buyer's Agent

Shannon Hantke

CB Northern Escape/Ladysmith Brokerage Phone: 715-532-7300 License #90766-94 Listed on: 12/12/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,964

Year Built

  • Built in 2003

Lot Details

  • 0.79 Acre Lot
  • Waterfront
  • Zoning described as Residential,Shoreline

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Basement

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Shed

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Steam
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Sellers Personal
  • Assessor Parcel Number 246022470000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,964

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Directions: From Hwy 27, east on Hwy 8, continue straight onto Lake Ave. Property on north side of street.
  • Lot Size: 0 x 0 x
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 2003
  • Lot Size Acres: 0.79
  • Water Body Name: Flambeau
  • Attribution Contact: 715-532-7300
  • Co List Office Phone: 715-532-7300
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 1212.0
  • Architectural Style: One Story
  • Garage Spaces: 2.0
  • Unit Levels: One
  • Living Area: 2424.0
  • Reso Window Features: Window Coverings
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Has Basement: Finished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Water Heater, Other, Oven, Range, Refrigerator, Range Hood, See Remarks, Washer
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1212.0
  • Stories: 1

Exterior Features

  • Foundation Details: Block
  • Waterfront: Yes
  • Exclusions: Sellers Personal
  • Construction Type: Vinyl Siding
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features: Concrete, Driveway, Detached, Garage, Garage Door Opener

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Heating: Forced Air, Hot Water, Radiant Floor
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Ladysmith

Lot Info

  • ResoLotSizeUnits: Acres
  • Parcel Number: 246022470000
  • Zoning Description: Residential,Shoreline
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2963.63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2024
Closed on
Jan 21, 2025
Sold by
Farrington Paul A and Farrington Jennifer M
Bought by
Wendt Douglas A and Wendt Lori
Seller's Agent
Shannon Hantke
CB Northern Escape/Ladysmith
Buyer's Agent
Shannon Hantke
CB Northern Escape/Ladysmith
List Price
$299,700
Sold Price
$289,000
Premium/Discount to List
-$10,700
-3.57%
Total Days on Market
39
Views
13
Current Estimated Value
$290,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,534
Avg. Annual Appreciation
1.33%

Purchase Details

Closed on
Jul 23, 2019
Sold by
Farrington Marlene A
Bought by
Farrington Paul A

Purchase Details

Closed on
Feb 6, 2013
Sold by
Farrington Marlene A and Farrington Dennis A
Bought by
Farrington Marlene A
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 $289,000 Rusk County Abstract
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $12,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2025 01/21/25 Sold $289,000 -3.6% $119 / Sq Ft
01/20/2025 01/20/25 Pending -- -- --
12/12/2024 12/12/24 For Sale $299,700 -- $124 / Sq Ft
Source: Northwestern Wisconsin Multiple Listing Service

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 $3,369 $126,400 $34,500 $91,900
2023 $2,964 $126,400 $34,500 $91,900
2022 $3,080 $126,400 $34,500 $91,900
2021 $3,177 $126,400 $34,500 $91,900
2020 $3,307 $126,400 $34,500 $91,900
2019 $3,269 $126,400 $34,500 $91,900
2018 $3,060 $126,400 $34,500 $91,900
2017 $3,315 $152,000 $44,700 $107,300
2016 $3,185 $152,000 $44,700 $107,300
2015 $3,917 $152,000 $44,700 $107,300
2014 $3,318 $152,000 $44,700 $107,300
2013 $3,080 $152,000 $44,700 $107,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwestern Wisconsin Multiple Listing Service

MLS Number: 1587765

Northwestern Wisconsin Multiple Listing Service

APN: 246-02247-0000