NOT LISTED FOR SALE

7021 Virgin Timber Dr Rhinelander, WI 54501

Estimated Value: $486,000 - $878,000

2 Beds
2 Baths
1,972 Sq Ft
$353/Sq Ft Est. Value

Last Sold May 24, 2021

Last sale price $523,000 $265 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,055/month

195 Days on Market

Highlights

  • Lake Front
  • Wood Flooring
  • Walk-In Closet
  • Contemporary Architecture
  • 2 Car Attached Garage
  • Views

About This Home

As of May 2021

Spending more time at home? Embrace your new life style in this contemporary home built with attention to quality, style, and function. This show piece features Marvin windows and hickory floors. The main living space is open and spacious with a gas fireplace flanked by built-in book shelves anchoring the sitting area, a full wall span of windows welcomes natural light, and the open kitchen checks all the boxes for form and function with attractive cabinetry, upper end appliances, and solid surface countertops. The master suite and an additional bedroom are on opposite ends of the central hub. Majestic pines accent this park like lot with 160 feet of gravel/rock frontage and a gentle approach to the shore. Enjoy gorgeous sunsets every evening of the year as this home faces due west overlooking beautiful Sugar Camp Lake, one of the finest fully recreational lakes in the Northwoods with gin clear water.

Last Agent to Sell the Property

Ron Skagen

FIRST WEBER - RHINELANDER License #21338 - 90 Listed on: 11/05/2020

FIRST WEBER - RHINELANDER

Last Buyer's Agent

Cecily Dawson

LAKELAND REALTY License #58805 - 90

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,574

Year Built

  • Built in 2012

Lot Details

  • 0.83 Acre Lot
  • Lake Front
  • Open Space
  • West Facing Home
  • Stone Retaining Walls
  • Landscaped

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Concrete Siding
  • Vinyl Siding

Interior Spaces

  • 1,972 Sq Ft Home
  • Gas Fireplace
  • Property Views

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • Three Lakes High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Drilled Well
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number SU 1562

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,574

Year Built

Built in 2012

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: SUGAR CAMP
  • Ownership: Fee Simple
  • Directions: Hwy 17N from Rhinelander, Right onto Indian Lake Rd., Right onto Virgin Timber Dr., Property on Right
  • Above Grade Finished Sq Ft: 1972.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Year Built: 2012
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Walk-In Closet(s)

Exterior Features

  • Lot Features: Lake Front, Open Space, Retaining Wall
  • View: Yes
  • Waterfront Features: Shoreline - Sand, Shoreline - Gravel, Shoreline - Rocky, Lake Front
  • Waterfront: Yes
  • Construction Type: Concrete, Vinyl Siding
  • Direction Faces: West
  • Exterior Features: Landscaping, Patio
  • Patio And Porch Features: Patio
  • Roof: Composition, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Two Car Garage, Driveway

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Hot Water, Natural Gas
  • Heating Yn: Yes
  • Sewer: Conventional Sewer
  • Water Source: Drilled Well

Schools

  • High School: ON Three Lakes

Lot Info

  • Lot Size Sq Ft: 36155.0
  • Parcel #: SU 1562
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 3574.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
May 20, 2021
Sold by
Bradley Mark J and Gretchen P Hoover Trust
Bought by
Deede Kimberly
Seller's Agent
Ron Skagen
FIRST WEBER - RHINELANDER
Buyer's Agent
Cecily Dawson
LAKELAND REALTY
List Price
$650,000
Sold Price
$523,000
Premium/Discount to List
-$127,000
-19.54%
Current Estimated Value
$696,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,334
Avg. Annual Appreciation
6.67%
Original Mortgage
$400,000
Outstanding Balance
$241,737
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$454,597

Purchase Details

Listed on
May 16, 2011
Closed on
Mar 15, 2012
Sold by
Rousar Joseph Gerald
Bought by
Hoover Gretchen P
Seller's Agent
Mary Radtke
CENTURY 21 BURKETT - THREE LKS
Buyer's Agent
GARY LEMOINE
SHOREWEST - EAGLE RIVER
List Price
$279,000
Sold Price
$160,000
Premium/Discount to List
-$119,000
-42.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.74%
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
Deede Kimberly $523,000 Northwoods Ttl & Closing Svc
Hoover Gretchen P $160,000 Oneida Title & Abstract, Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deede Kimberly $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/24/2021 05/24/21 Sold $523,000 -19.5% $265 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
11/09/2020 11/09/20 For Sale $650,000 +306.3% $330 / Sq Ft
03/13/2012 03/13/12 Sold $160,000 -42.7% $218 / Sq Ft View Prior Sale
03/13/2012 03/13/12 Pending -- -- --
05/18/2011 05/18/11 For Sale $279,000 -- $380 / 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 $4,834 $400,800 $173,000 $227,800
2023 $4,799 $400,800 $173,000 $227,800
2022 $3,868 $400,800 $173,000 $227,800
2021 $4,161 $400,800 $173,000 $227,800
2020 $3,574 $400,800 $173,000 $227,800
2019 $3,536 $400,800 $173,000 $227,800
2018 $3,505 $400,800 $173,000 $227,800
2017 $3,517 $400,800 $173,000 $227,800
2016 $3,659 $400,800 $173,000 $227,800
2015 $3,583 $400,800 $173,000 $227,800
2014 $3,583 $400,800 $173,000 $227,800
2011 $2,140 $211,900 $173,000 $38,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Northwoods MLS

MLS Number: 188220

Greater Northwoods MLS

APN: SU 1562