NOT LISTED FOR SALE

8956 Balsam Ln Three Lakes, WI 54562

Estimated Value: $620,000 - $750,579

2 Beds
2.5 Baths
2,115 Sq Ft
$333/Sq Ft Est. Value

Last Sold September 14, 2023

Last sale price $679,000 $321 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,239/month

Highlights

  • Lake Front
  • Chalet
  • Wooded Lot
  • Docks
  • Deck
  • Cathedral Ceiling

About This Home

As of September 2023

Two-story, vinyl sided home with 2 bedrooms + loft, 3 baths on Sevenmile Lake. The chalet style home has been well maintained and offers over 2100 sq. ft. of living space. It has a gas burning fireplace on the main level and a wood burning stove in the walkout lower level. The master bedroom is large and airy and offers great lake views. The island kitchen adjoins the great room and all have wonderful lake views. The feel is very northwoods with cedar finished cathedral ceilings . The lower level is finished with a family room and a bathroom and there is utility/storage room. Perhaps your favorite room in the house will be the sun room. It is located on the south side and faces the lake. A lakeside deck is 35' x 8' and it wraps around the home. All of the siding and decking are maintenance free. There are two detached garages (28' x 36' and 20' x 20'). A new roof was put on in 2020; new furnace and central air in 2019 and the home just sparkles!

Last Agent to Sell the Property

Jim Mulleady

SHOREWEST - EAGLE RIVER Listed on: 09/14/2023

SHOREWEST - EAGLE RIVER

Last Buyer's Agent

Jim Mulleady

SHOREWEST - EAGLE RIVER Listed on: 09/14/2023

SHOREWEST - EAGLE RIVER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,240

Lot Details

  • 1.8 Acre Lot
  • Lake Front
  • Wooded Lot

Parking

  • 2 Car Garage

Home Design

  • Chalet
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Stone Fireplace
  • Gas Fireplace
  • Water Views

Kitchen

  • Range<<rangeHoodToken>>
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Docks
  • Deck
  • Open Patio

Schools

  • Three Lakes Elementary And Middle School
  • Three Lakes High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Drilled Well
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 03601-0886-0011

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,240

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
  • Road Surface Type: Paved
  • Water Body Name: SEVENMILE
  • Ownership: Trust
  • Directions: Hwy 70E to Right on Military Road to Left on Knapp to Right on Balsam
  • Above Grade Finished Sq Ft: 1540.0
  • Architectural Style: Chalet/Alpine
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Range, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 575.0
  • Fireplace Features: Gas, Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Mixed
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Bath in Primary Bedroom, Vaulted Ceiling(s)

Exterior Features

  • Lot Features: Lake Front, Views, Wooded
  • View: Water
  • View: Yes
  • Waterfront Features: Shoreline - Sand, Shoreline - Gravel, Lake Front
  • Waterfront: Yes
  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Dock
  • Foundation Details: Poured
  • Other Structures: Garage(s)
  • Patio And Porch Features: Deck, Open
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage, Two Car Garage

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Conventional Sewer
  • Water Source: Drilled Well

Schools

  • Elementary School: ON Three Lakes
  • High School: ON Three Lakes
  • Middle Or Junior School: ON Three Lakes

Lot Info

  • Lot Size Sq Ft: 78408.0
  • Parcel #: 03601-0886-0011

Tax Info

  • Tax Annual Amount: 3240.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Sep 11, 2023
Sold by
Robert N Krause N and Robert Marilyn C
Bought by
Romanowski Gary A and Romanowski Jane M
Seller's Agent
Jim Mulleady
SHOREWEST - EAGLE RIVER
Buyer's Agent
Jim Mulleady
SHOREWEST - EAGLE RIVER
List Price
$679,000
Sold Price
$679,000
Views
3
Current Estimated Value
$703,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,895
Avg. Annual Appreciation
1.97%

Purchase Details

Closed on
Jun 22, 2012
Sold by
Krause Robert N and Krause Marilyn C
Bought by
Krause Robert N and Krause Marilyn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.9%

Purchase Details

Closed on
Feb 28, 2012
Sold by
Mouradian Joyce V and Dethier Wedny Em
Bought by
Krause Robert N and Krause Marilyn C
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
Romanowski Gary A $679,000 Northwoods Title
Krause Robert N -- --
Krause Robert N $7,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robert N Krause N $400,000
Previous Owner Krause Robert N $50,000
Previous Owner Krause Robert N $80,000
Previous Owner Krause Robert N $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2023 09/14/23 Sold $679,000 0.0% $321 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
09/14/2023 09/14/23 For Sale $679,000 -- $321 / 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 $4,097 $330,400 $124,800 $205,600
2023 $4,063 $330,400 $124,800 $205,600
2022 $3,240 $330,400 $124,800 $205,600
2021 $3,861 $330,400 $124,800 $205,600
2020 $3,330 $330,400 $124,800 $205,600
2019 $3,325 $330,400 $124,800 $205,600
2018 $3,341 $330,400 $124,800 $205,600
2017 $3,218 $330,400 $124,800 $205,600
2016 $3,185 $363,300 $145,800 $217,500
2015 $3,286 $363,300 $145,800 $217,500
2014 $3,286 $363,300 $145,800 $217,500
2011 $3,312 $363,300 $145,800 $217,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Northwoods MLS

MLS Number: 203780

Greater Northwoods MLS

APN: TL 886 11