Seller's Agent in 2022
Gary Scheitler
Paradise Properties USA
(231) 633-2323
156 Total Sales
Estimated Value: $535,000 - $1,212,679
11
Beds
8
Baths
2,573
Sq Ft
$339/Sq Ft
Est. Value
Highlights
- Private Waterfront
- Private Dock
- Second Garage
- Deeded Waterfront Access Rights
- Sandy Beach
- Lake Privileges
About This Home
As of August 2022Unlimited potential for the discriminating investor. This unique waterfront opportunity on Thayer Lake (On Golden Pond), right across the street from Torch Lake, features two year round main homes and four cabins on 300 feet of Thayer Lake frontage with two separate tax ID numbers. Excellent opportunity to enjoy the lake life while collecting income from rentals. These Thayer Lake cabins have an established reputation with return renters. Enjoy the quiet of this no-wake lake, while being just minutes to Torch Lake, Alden and the beautiful areas surrounding the Lower Chain of Lakes. The main homes each have 2 bedrooms, 1.5 baths, a fireplace and a garage. There is also a separate detached garage for extra storage. The cabins offer the perfect rustic up north feel with all the comforts you'd expect. 3 of the cabins have 2 bedrooms and 3/4 bath. One cabin is a 1 bedroom, 3/4 bath. All cabins come completely furnished and share the use of two docks, row boats and kayaks. Thayer Lake is a peaceful no-wake lake frequented by loons and offering great fishing, kayaking or canoeing.
Last Agent to Sell the Property
Paradise Properties USA License #6502139515 Listed on: 06/29/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,220
Year Built
- Built in 1979
Lot Details
- 3.97 Acre Lot
- Private Waterfront
- 300 Feet of Waterfront
- Sandy Beach
- Level Lot
- Wooded Lot
- Garden
- The community has rules related to zoning restrictions
Property Views
- Water Views
- Countryside Views
Home Design
- Ranch Style House
- Cottage
- Block Foundation
- Slab Foundation
- Frame Construction
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2,573 Sq Ft Home
- Bookcases
- Wood Burning Fireplace
- Oven or Range
Bedrooms and Bathrooms
- 11 Bedrooms
Basement
- Partial Basement
- Crawl Space
Parking
- 4 Car Garage
- Second Garage
- Gravel Driveway
Outdoor Features
- Deeded Waterfront Access Rights
- No Wake Zone
- Private Dock
- Lake Privileges
- Patio
Utilities
- Forced Air Heating and Cooling System
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Heating System Mounted To A Wall or Window
- Shared Well
- Shared Septic
- Satellite Dish
- Cable TV Available
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 29, 2022
Closed on
Aug 22, 2022
Sold by
Oliver Christian
Bought by
Thayer Lake Cottages Llc
Seller's Agent
Gary Scheitler
Paradise Properties USA
Buyer's Agent
Gary Scheitler
Paradise Properties USA
List Price
$1,100,000
Sold Price
$995,000
Premium/Discount to List
-$105,000
-9.55%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$123,580
Avg. Annual Appreciation
-4.11%
Original Mortgage
$796,000
Outstanding Balance
$327,852
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$543,568
Purchase Details
Listed on
May 24, 2019
Closed on
May 24, 2019
Sold by
Burger Kenneth J and Burger Margaret A
Bought by
Oliver Christian and Hamilton Camille
Seller's Agent
Gary Scheitler
Paradise Properties USA
Buyer's Agent
Gary Scheitler
Paradise Properties USA
List Price
$259,900
Sold Price
$259,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.14%
Purchase Details
Closed on
Feb 14, 2008
Sold by
Burger Margaret
Bought by
Burger Margaret A and Burger Kenneth J
Purchase Details
Closed on
Dec 26, 2006
Bought by
Burger Margaret A
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thayer Lake Cottages Llc | $995,000 | Corporate Settlement Solutions | |
| Oliver Christian | $259,900 | -- | |
| Burger Margaret A | -- | -- | |
| Burger Margaret A | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Thayer Lake Cottages Llc | $796,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/22/2022 08/22/22 | Sold | $995,000 | -9.5% | $387 / Sq Ft | |
| 06/29/2022 06/29/22 | For Sale | $1,100,000 | +323.2% | $428 / Sq Ft | |
| 05/24/2019 05/24/19 | Sold | $259,900 | 0.0% | $108 / Sq Ft | View Prior Sale |
| 05/24/2019 05/24/19 | Pending | -- | -- | -- | |
| 05/24/2019 05/24/19 | For Sale | $259,900 | -- | $108 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $9,220 | $269,800 | $0 | $0 |
| 2024 | $69 | $228,700 | $0 | $0 |
| 2023 | $6,631 | $241,400 | $0 | $0 |
| 2022 | $4,125 | $142,800 | $0 | $0 |
| 2021 | $3,973 | $134,500 | $0 | $0 |
| 2020 | $4,030 | $136,400 | $0 | $0 |
| 2019 | $2,870 | $132,800 | $0 | $0 |
| 2018 | $2,826 | $128,600 | $0 | $0 |
| 2017 | $2,771 | $130,400 | $0 | $0 |
| 2016 | $1,774 | $118,100 | $0 | $0 |
| 2015 | -- | $110,500 | $0 | $0 |
| 2014 | -- | $108,200 | $0 | $0 |
| 2013 | -- | $100,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Scheitler
Map
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1902056
APN: 05-08-009-017-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2025 Northern Great Lakes REALTORS® MLS. All Rights Reserved.
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