5871 Payment Lake Road

Closed 6/30/21
Closed 6/30/21
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Sold
Last Sold Price
$337,700
2 beds1,944 sqft$174/sqft
5871 Payment Lake Rd,Ā Mercer, WIĀ 54547
Single FamilyProperty Type
0.69 acresLot Size
$174/sq ftPrice per sq ft
3 carsParking Spaces

Description

Beautiful home with many custom features. Walk in shower with stone front on the main level with custom sink and cabinets. Kitchen Island is stone faced with the range/oven being set in. Living room features a gas fireplace, cherry wood floors, and large windows for a great lake view. The two bedrooms upstairs are good sized and the master has a walk-in closed and also a separate two door closet. Second bedroom features a large closet and ample space. The hall has additional storage. The bath features...Beautiful home with many custom features. Walk in shower with stone front on the main level with custom sink and cabinets. Kitchen Island is stone faced with the range/oven being set in. Living room features a gas fireplace, cherry wood floors, and large windows for a great lake view. The two bedrooms upstairs are good sized and the master has a walk-in closed and also a separate two door closet. Second bedroom features a large closet and ample space. The hall has additional storage. The bath features a whirlpool tub, nice sized vanity with triple mirrors. The basement is partially finished to what would be a wonderful rec room. Outside you will find a 3 car garage, pavers for the walk way, many flowers and an open porch facing the lake. Be the first to see this wonderful home!
Listing closed: 06/29/2021 07:00 PM ā€¢ Source: Greater Northwoods MLS, MLS#: 189783

Recent comparable sales

Median sold price

$351,000

Avg days on market

47

Sale-to-list ratio

97.3%

Mercer, WI

9 comparable properties found

$360,000 | 2374 West Northern Trs Road, Mercer, WI 54547
1/45
1

$360,000

Sold 05/20/25

2
Bedrooms
1,800
Square Feet
5.04
Acres

2374 West Northern Trs Road, Mercer, WI 54547

$292,000 | 5976 Scott Road, Mercer, WI 54547
1/39
2

$292,000

Sold 06/09/25

2
Bedrooms
820
Square Feet
1.46
Acres

5976 Scott Road, Mercer, WI 54547

$345,000 | 2184 Pine Forest Road, Mercer, WI 54547
1/27
3

$345,000

Sold 02/25/26

3
Bedrooms
1,300
Square Feet
3.4
Acres

2184 Pine Forest Road, Mercer, WI 54547

$351,000 | 6814 Catherine Lake Road, Mercer, WI 54547
1/44
4

$351,000

Sold 03/14/25

3
Bedrooms
2,197
Square Feet
1.03
Acres

6814 Catherine Lake Road, Mercer, WI 54547

$296,500 | 5351 Pierpont Drive, Mercer, WI 54547
1/2
5

$296,500

Sold 08/07/25

3
Bedrooms
1,823
Square Feet
0.73
Acres

5351 Pierpont Drive, Mercer, WI 54547

$375,000 | 6962 East Fisher Lake Road, Mercer, WI 54547
1/30
6

$375,000

Sold 10/22/24

2
Bedrooms
2,620
Square Feet
3
Acres

6962 East Fisher Lake Road, Mercer, WI 54547

$455,000 | 2276 Allyn Road, Mercer, WI 54547
1/39
7

$455,000

Sold 06/12/26

3
Bedrooms
1,760
Square Feet
2.15
Acres

2276 Allyn Road, Mercer, WI 54547

$280,000 | 6274 N Bambiland Road, Mercer, WI 54547
1/43
8

$280,000

Sold 08/03/26

2
Bedrooms
864
Square Feet
4.05
Acres

6274 N Bambiland Road, Mercer, WI 54547

$674,000 | 5751N East Echo Lake Road, Mercer, WI 54547
1/51
9

$674,000

Sold 04/10/26

3
Bedrooms
1,964
Square Feet
9.66
Acres

5751N East Echo Lake Road, Mercer, WI 54547

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Principal and Interest

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Property Information for 5871 Payment Lake Road

Property Details
  • Taxes: $3,011 / year
  • MLS Type: Residential / Single Family Residence
  • County: Iron County
  • Architectural Style: Two Story
  • Has View: Yes
  • Waterfront Features: Lake Front
  • Has Waterfront: Yes
  • Zoning Description: Residential
Building Information
  • Stories: 2
  • Lot Size: 0.69 AC / 30,056 SF
Summary
Location and General Information
  • Directions: Hwy 51N to Mercer, right on CTH J 2.9 miles to Payment Lk Rd and home on left.
  • Latitude: 46.18803
  • Longitude: -90.014114
  • Township: IR Mercer
  • Water Body Name: PAYMENT
Taxes and HOA
  • Parcel Number: 2705-0100
  • Tax Annual Amount: $3,011.00
  • Tax Year: 2020
Parking
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Detached, Garage, Driveway, Shared Driveway
Property
Lot Information
  • Direction Faces: West
  • Frontage Length: 248.0
  • Frontage Length Remarks: 248
  • Frontage Type: Lakefront
  • Lot Features: Level, Wooded, Waterfront
  • Lot Size Square Feet: 30056.0
  • Public Survey Range: 4
  • Public Survey Section: 20
  • Public Survey Township: 43
  • Road Frontage Type: Easement
Property and Assessments
  • Above Grade Finished Area: 1944.0
  • Building Area Total: 1944.0
  • Living Area: 1944.0
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
Building Features
  • Accessibility Features: Therapeutic Whirlpool
  • Construction Materials: Frame, Log Siding
  • Levels: Two
  • Roof: Composition, Shingle
  • Stories: 2
Utilities
  • Electric: Circuit Breakers
  • Utilities: Underground Utilities
Interior and Exterior Features
Exterior Features
  • Exterior Features: Dock, Garden
  • Patio And Porch Features: Deck, Covered
Interior Features
  • Appliances: Dryer, Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Washer
  • Basement: Interior Entry, Partial, Partially Finished, Sump Pump
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • Cooling: Ceiling Fan(s)
  • Has Cooling: Yes
  • Fireplace Features: Gas Log
  • Total Fireplaces: 1
  • Has Fireplace: Yes
  • Heating: Forced Air, Propane
  • Has Heating: Yes
  • Interior Features: Ceiling Fan(s), Pantry, Walk-In Closet(s)
  • Laundry Features: Washer Hookup, In Basement
  • Water Heater: Propane
Room Information
Room 1
  • Dimensions: 14x12'2
  • Level: First
  • Type: Kitchen
Room 2
  • Dimensions: 24'7x17'10
  • Level: First
  • Type: Living Room
Room 3
  • Dimensions: 11'10x9'8
  • Level: First
  • Type: Bonus Room
Room 4
  • Dimensions: 24x17
  • Level: Basement
Room 5
  • Dimensions: 14x11'6
  • Level: First
Room 6
  • Dimensions: 19x19
  • Level: Second
  • Type: Master Bedroom
Room 7
  • Level: Second
  • Type: Bathroom
Room 8
  • Dimensions: 14'2x14
  • Level: Second
  • Type: Bedroom
Room 9
  • Dimensions: 21'4x15'7
  • Level: First
  • Type: Dining Room
Room 10
  • Level: First
  • Type: Bathroom

Property History for 5871 Payment Lake Road

DateEvent & SourcePriceAppreciation
Jun 30, 2021

Sold (Public Record)

Public Record #1466025804

$337,700

+9.9% / yr

Jun 29, 2021

Sold

Greater Northwoods MLS #189783

$337,700ā€”
Jun 29, 2021

Contingent

Greater Northwoods MLS #189783

ā€”
DateEvent & SourcePrice
06/30/2021

Sold (Public Record)

Public Record #1466025804

$337,700

+9.9% / yr

06/29/2021

Sold

Greater Northwoods MLS #189783

$337,700
06/29/2021

Contingent

Greater Northwoods MLS #189783

ā€”

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5871 Payment Lake Road

Taxable ValueLand$87,300Additions$227,200Total$314,500
Tax Record2025$4,469 ($372 / month)
Home Facts
Beds0Lot Size30,056 SqFtStyleSingle Family ResidenceCountyIRONAPN12-2705-0100

Schools near 5871 Payment Lake Road

This home is within Mercer School District.
Rating
School
Type
Grades
Distance
Mercer School
Public - PK to 12
Rating
School
Distance
Mercer School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5871 Payment Lake Road, Mercer, WI 54547
$337,700
2
1,944
30,056
5871 N Payment Lake Road, Mercer, WI 54547
$150,000
ā€“
ā€“
ā€“
17,424
5873 Payment Lake Road, Mercer, WI 54547
ā€“
ā€“
ā€“
ā€“
36,155
5851 Payment Lake Road, Mercer, WI 54547
ā€“
ā€“
ā€“
ā€“
52,272
5875 Payment Lake Road, Mercer, WI 54547
$219,000
3
1,600
64,033
5877 Payment Lake Road, Mercer, WI 54547
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Listing Courtesy of RE/MAX PROPERTY PROS

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