NOT LISTED FOR SALE

7870 Wheeler Island Rd Three Lakes, WI 54562

Estimated Value: $359,000 - $3,162,000

5 Beds
4 Baths
6,548 Sq Ft
$320/Sq Ft Est. Value

Last Sold December 05, 2023

Last sale price $2,325,000 $355 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $12,372/month

124 Days on Market

Highlights

  • Lake Front
  • Wood Burning Stove
  • Radiant Floor
  • Spa
  • Private Lot
  • Cathedral Ceiling

About This Home

As of December 2023

PLANTING GROUND LAKE HOME on 7,600 ac Three Lakes Chain! This elegant Northwoods timber-frame styled home is on famous Wheeler Island. Ft. 2007 construction 7,000+ sqft 5BR, 4BA home w/heated & finished att. garage & insulated/finished det. garage w/living quarters above. Every aspect of this home is first class & finished with top of the line building materials. Marvin windows, butternut pinworm hardwood floors, 8ft interior doors, custom granite kitchen, 4 FPs, giant bunk room, double entry to 2nd level, lofted office/gym/sleeping area, 2 hidden safe/poker rooms, 2 on-demand hot H20 units, dual forced air furnaces w/air cleaner, back up gen, huge mud/laundry room w/dog shower, 400 amp service, sprinkling & security system, professional landscaping, 4 slip pier system, sprawling floor plan & more! Don't miss the opportunity to own this incredibly maintained one of a kind home with one of the most pronounced Southern exposure big water views in Northern WI on a premier lake chain!

Last Agent to Sell the Property

Nick Lasier

SHOREWEST - MINOCQUA Listed on: 06/28/2023

SHOREWEST - MINOCQUA

Last Buyer's Agent

Nick Lasier

SHOREWEST - MINOCQUA Listed on: 06/28/2023

SHOREWEST - MINOCQUA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,280

Year Built

  • Built in 2007

Lot Details

  • 1.63 Acre Lot
  • Lake Front
  • South Facing Home
  • Private Lot
  • Secluded Lot
  • Sloped Lot

Parking

  • 3 Car Garage
  • Heated Garage
  • Driveway

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Metal Roof
  • Log Siding
  • Cedar
  • Stone

Interior Spaces

  • 2-Story Property
  • Wired For Sound
  • Dry Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • 3 Fireplaces
  • Wood Burning Stove
  • Gas Log Fireplace
  • Water Views
  • Home Security System

Kitchen

  • Built-In Convection Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Slate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Sump Pump
  • Basement Window Egress

Schools

  • Three Lakes High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Drilled Well
  • Tankless Water Heater
  • Gas Water Heater
  • Water Softener
  • Public Septic Tank

Additional Features

  • Air Purifier
  • Spa

Listing and Financial Details

  • Assessor Parcel Number 03601-1278-0019

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,280

Year Built

Built in 2007

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Road Frontage Type: Town Road
  • Water Body Name: PLANTING GROUND
  • Ownership: Fee Simple
  • Directions: From HWY 70, right on US 45 S, left on Superior St, left on Superior St again, quick left on HWY X, 1.6 miles left on Wheeler Island Rd. 7870 on left.
  • Above Grade Finished Sq Ft: 4592.0
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 2007
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Oven, Convection Oven, Cooktop, Dryer, Dishwasher, Disposal, Gas Water Heater, Microwave, Refrigerator, Range Hood, Some Commercial Grade, Water Softener, Trash Compactor, Tankless Water Heater, Washer/Dryer, Exhaust Fan
  • Other Equipment: Air Purifier
  • Has Basement: Daylight, Exterior Entry, Egress Windows, Full, Partially Finished, Sump Pump, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1956.0
  • Fireplace Features: Gas Log, Wood Burning
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Carpet, Slate, Wood
  • Interior Amenities: Additional Living Quarters, Ceiling Fan(s), Cathedral Ceiling(s), Dry Bar, High Ceilings, Hot Tub/Spa, Main Level Primary, Pantry, Sound System, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Sound

Exterior Features

  • Lot Features: Lake Front, Private, Secluded, Sloped, Views
  • View: Water
  • View: Yes
  • Waterfront Features: Shoreline - Sand, Lake Front
  • Waterfront: Yes
  • Construction Type: Cedar, Frame, Log Siding, Stone
  • Direction Faces: South
  • Exterior Features: Paved Driveway
  • Foundation Details: Poured
  • Other Structures: Garage(s)
  • Roof: Composition, Metal, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Detached, Garage, Heated Garage, Driveway

Utilities

  • Laundry Features: Main Level
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas, Radiant Floor, Zoned
  • Heating Yn: Yes
  • Sewer: County Septic Maintenance Program - Yes, Conventional Sewer
  • Water Source: Drilled Well

Schools

  • High School: ON Three Lakes

Lot Info

  • Lot Size Sq Ft: 71003.0
  • Parcel #: 03601-1278-0019
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 12280.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Dec 4, 2023
Sold by
Guenther Marcus A
Bought by
Rizzo Todd J and Rizzo Kristi L
Seller's Agent
Nick Lasier
SHOREWEST - MINOCQUA
Buyer's Agent
Nick Lasier
SHOREWEST - MINOCQUA
List Price
$2,950,000
Sold Price
$2,325,000
Premium/Discount to List
-$625,000
-21.19%
Views
651
Current Estimated Value
$2,098,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$226,880
Avg. Annual Appreciation
-5.97%
Source: Public Records

Range of Values:

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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
Rizzo Todd J $2,325,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2023 12/05/23 Sold $2,325,000 -10.6% $355 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
09/27/2023 09/27/23 Price Changed $2,599,900 -3.7% $397 / Sq Ft
09/11/2023 09/11/23 Price Changed $2,700,000 -8.5% $412 / Sq Ft
06/28/2023 06/28/23 For Sale $2,950,000 +103.4% $451 / Sq Ft
10/11/2018 10/11/18 Sold $1,450,000 -12.1% $239 / Sq Ft
09/25/2018 09/25/18 Pending -- -- --
09/26/2017 09/26/17 For Sale $1,650,000 -- $272 / 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 $14,983 $1,208,200 $454,700 $753,500
2023 $14,857 $1,208,200 $454,700 $753,500
2022 $12,280 $1,208,200 $454,700 $753,500
2021 $14,117 $1,208,200 $454,700 $753,500
2020 $12,569 $1,208,200 $454,700 $753,500
2019 $12,591 $1,208,200 $454,700 $753,500
2018 $12,727 $1,208,200 $454,700 $753,500
2017 $12,127 $1,208,200 $454,700 $753,500
2016 $11,779 $1,302,300 $516,700 $785,600
2015 $12,101 $1,302,300 $516,700 $785,600
2014 $12,101 $1,302,300 $516,700 $785,600
2011 $11,968 $1,302,300 $516,700 $785,600
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2023

    Nick Lasier

    SHOREWEST - MINOCQUA

    Section Image
  • Ken Biegel

    Seller's Agent in 2018

    Ken Biegel

    RE/MAX

    (715) 482-7886

    160 Total Sales

    Ken Biegel
    Section Image
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Map

Source: Greater Northwoods MLS

MLS Number: 202372

Greater Northwoods MLS

APN: 03601-1278-0019

Wisconsin Oneida County Three Lakes 54562

7870 Wheeler Island Rd, Three Lakes, WI

This home is located at 7870 Wheeler Island Rd, Three Lakes, WI 54562 since 28 June 2023 and is currently estimated at $2,098,120, approximately $320 per square foot. This property was built in 2007. 7870 Wheeler Island Rd is a home located in Oneida County with nearby schools including Three Lakes High School.

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