NOT LISTED FOR SALE

N10048 N Terrace Ln Phillips, WI 54555

Estimated Value: $114,000 - $453,000

2 Beds
2.5 Baths
2,750 Sq Ft
$125/Sq Ft Est. Value

Sale Details

Date Sold: September 26, 2025

Last sale price $400,000 $145 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $2,260 / mo

70 Days on Market

Highlights

  • River Front
  • Wood Burning Stove
  • Wooded Lot
  • Deck
  • Private Lot
  • Cathedral Ceiling

About This Home

As of September 2025

Nestled on 2.9 private acres with nearly 1,000 ft of scenic frontage on the Elk River, this immaculate 2 bed, 2.5 bath custom-built Scan log-sided home offers rustic elegance and unmatched tranquility. Just minutes from Musser Lake, the home welcomes you with a stunning open-concept great room, cathedral ceilings, and a cozy wood-burning fireplace. The kitchen boasts Cambria quartz countertops and custom rustic hickory cabinets. Off the dining room patio doors lead onto a peaceful 17x11 deck overlooking the natural beauty. The main floor features a spacious primary suite with trey ceilings, a walk-in closet, and a private bath, plus a convenient half bath. The mostly finished basement includes a large family room, a second bedroom, a full bath, and a versatile bonus room with cedar-lined closets. The yard offers apple and cherry trees, excellent fishing spots, ATV and snowmobile trail access, and proximity to thousands of acres of public hunting land—all right outside your door.

Last Agent to Sell the Property

Coty Flessert

NORTHWOODS REALTY License #58746 - 90 Listed on: 07/16/2025

Last Buyer's Agent

Kathleen Thayer

FIRST WEBER - MINOCQUA License #92254 - 94

FIRST WEBER - MINOCQUA
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,470

Year Built

  • Built in 2013

Lot Details

  • 2.9 Acre Lot
  • River Front
  • Street terminates at a dead end
  • Stone Retaining Walls
  • Landscaped
  • Private Lot
  • Secluded Lot
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Wood Burning Stove

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 21895&22151

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,470

Year Built

Built in 2013

Lot Details

2.9 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: River
  • Road Frontage Type: Town Road
  • Water Body Name: Elk River
  • Ownership: Fee Simple
  • Directions: Take Hwy H out of Phillips to a right onto Musser Dr to right onto Elk River Terrace to Right onto N Terrace Ln. Property at the end
  • Above Grade Finished Sq Ft: 1500.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built: 2013
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Has Basement: Egress Windows, Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 1250.0
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Bath in Primary Bedroom, Main Level Primary, Vaulted Ceiling(s), Walk-In Closet(s)

Exterior Features

  • Lot Features: Dead End, Level, Private, Secluded, Wooded, Retaining Wall
  • Waterfront Features: Shoreline - Sand, Shoreline - Gravel, River Front
  • Waterfront: Yes
  • Construction Type: Frame, Log Siding, Wood Siding
  • Exterior Features: Deck, Landscaping
  • Patio And Porch Features: Covered, Deck
  • Roof: Composition, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Main Level
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Conventional Sewer
  • Water Source: Drilled Well

Lot Info

  • Lot Size Sq Ft: 126324.0
  • Parcel #: 21895&22151

Tax Info

  • Tax Annual Amount: 4470.0
  • Tax Year: 2024

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/26/2025 09/26/25 Sold $400,000 -7.0% $145 / Sq Ft
07/16/2025 07/16/25 For Sale $429,900 -- $156 / Sq Ft
Source: Greater Northwoods MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,483 $406,300 $39,200 $367,100
2024 $4,264 $186,400 $20,500 $165,900
2023 $3,804 $186,400 $20,500 $165,900
2022 $3,411 $186,400 $24,600 $161,800
2021 $3,057 $186,400 $24,600 $161,800
2020 $3,018 $186,400 $24,600 $161,800
2019 $2,620 $186,400 $24,600 $161,800
2018 $2,552 $186,400 $24,600 $161,800
2017 $2,540 $186,400 $24,600 $161,800
2016 $2,619 $186,400 $24,600 $161,800
2015 $2,820 $176,600 $24,600 $152,000
2013 $398 $24,600 $24,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Northwoods MLS

MLS Number: 213346

Greater Northwoods MLS

APN: 034-119505000

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