5875 Payment Lake Road

Closed 8/8/16
Closed 8/8/16
Gallery Image 1
Gallery Image 2
Gallery Image 3
Gallery Image 4
Gallery Image 5
Gallery Image 6
Gallery Image 7
Gallery Image 8
Gallery Image 9
Gallery Image 10
Gallery Image 11
Gallery Image 12
Gallery Image 13
Gallery Image 14
Gallery Image 15
Gallery Image 16
Gallery Image 17
Gallery Image 18
Gallery Image 19
Gallery Image 20
Sold
Last Sold Price
$219,000
3 beds1,600 sqft
5875 Payment Lake Rd, Mercer, WI 54547
Single FamilyProperty Type
1.47 acresLot Size
1996Year Built
$137/sq ftPrice per sq ft
2 carsParking Spaces

Description

Incredible waterfront value packed to the gills with amenities! This move-in ready home overlooks non-public access Payment Lake which is known for excellent fishing and tranquility. The first floor features a comfortably sized living room, lovely kitchen with island, formal dining room, and a huge master suite. Another roomy bedroom and full bathroom round out the 1st floor. Head downstairs to the finished walk out basement featuring heated ceramic tile floors, a cavernous family room, a 3rd bedroom...Incredible waterfront value packed to the gills with amenities! This move-in ready home overlooks non-public access Payment Lake which is known for excellent fishing and tranquility. The first floor features a comfortably sized living room, lovely kitchen with island, formal dining room, and a huge master suite. Another roomy bedroom and full bathroom round out the 1st floor. Head downstairs to the finished walk out basement featuring heated ceramic tile floors, a cavernous family room, a 3rd bedroom (or office), handy half bath, closets galore, and a huge storage room with shelves. The seller would prefer to sell the home furnished. All furnishings are premium quality and some pieces feature white oak craftsmanship. There's also a stair lift to assist getting up and down the stairs to the lower level. This is truly the best waterfront deal in the Northwoods and it won't last long!
  • Listed by: MICKI PIERCE-HOLMSTROM 715.476.2111 mickisellslots@gmail.com • CENTURY 21 PIERCE REALTY - MERCER
Listing closed: 08/07/2016 07:00 PM • Source: Greater Northwoods MLS, MLS#: 155678

Recent comparable sales

Median sold price

$345,000

Avg days on market

111

Sale-to-list ratio

94.2%

Mercer, WI

9 comparable properties found

$225,000 | 4825 N Highway 51, Mercer, WI 54547
1/25
1

$225,000

Sold 08/20/26

3
Bedrooms
1,300
Square Feet
2.06
Acres

4825 N Highway 51, Mercer, WI 54547

$345,000 | 2184 Pine Forest Road, Mercer, WI 54547
1/27
2

$345,000

Sold 02/25/26

3
Bedrooms
1,300
Square Feet
3.4
Acres

2184 Pine Forest Road, Mercer, WI 54547

$455,000 | 2276 Allyn Road, Mercer, WI 54547
1/39
3

$455,000

Sold 06/12/26

3
Bedrooms
1,760
Square Feet
2.15
Acres

2276 Allyn Road, Mercer, WI 54547

$590,000 | 5404 North Okonski Road, Mercer, WI 54547
1/52
4

$590,000

Sold 08/08/25

3
Bedrooms
2,450
Square Feet
2.13
Acres

5404 North Okonski Road, Mercer, WI 54547

$350,400 | 5311 Pierpont Drive, Mercer, WI 54547
1/30
5

$350,400

Sold 10/24/25

3
Bedrooms
1,574
Square Feet
3.13
Acres

5311 Pierpont Drive, Mercer, WI 54547

$219,000 | 216 South Otter Street, Mercer, PA 16137
1/44
6

$219,000

Sold 08/28/26

3
Bedrooms
1,500
Square Feet
0.16
Acres

216 South Otter Street, Mercer, PA 16137

$450,000 | 5798-na Beaver Lodge Circle, Mercer, WI 54547
1/36
7

$450,000

Sold 05/02/25

3
Bedrooms
3,137
Square Feet
3.64
Acres

5798-na Beaver Lodge Circle, Mercer, WI 54547

$175,000 | 1663 West Cth J, Mercer, WI 54547
1/25
8

$175,000

Sold 12/05/25

3
Bedrooms
960
Square Feet
1.79
Acres

1663 West Cth J, Mercer, WI 54547

$296,500 | 5351 Pierpont Drive, Mercer, WI 54547
1/2
9

$296,500

Sold 08/07/25

3
Bedrooms
1,823
Square Feet
0.73
Acres

5351 Pierpont Drive, Mercer, WI 54547

Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of CENTURY 21 PIERCE REALTY - MERCER

Sold By CENTURY 21 PIERCE REALTY - MERCER

Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$1,320 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,132

Property Taxes

$188

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 5875 Payment Lake Road

Property Details
  • Taxes: $2,254 / year
  • MLS Type: Residential / Single Family Residence
  • County: Iron County
  • Architectural Style: Ranch
  • Has View: Yes
  • View: Water
  • Waterfront Features: Lake Front
  • Has Waterfront: Yes
  • Zoning Description: Residential
Building Information
  • Year Built: 1996
  • Lot Size: 1.47 AC / 64,033 SF
Summary
Location and General Information
  • Directions: From US Hwy 51 North, Turn Right on CTH J to Left on Payment Lake Rd. Property will be 2nd to last home on the road. Sign on property.
  • Latitude: 46.188701
  • Longitude: -90.014174
  • Township: IR Mercer
  • Water Body Name: PAYMENT
Taxes and HOA
  • Parcel Number: 2703-0000
  • Tax Annual Amount: $2,254.00
  • Tax Year: 2015
School Information
  • Elementary School: IR Mercer
  • High School: IR Mercer
  • Middle Or Junior School: IR Mercer
Parking
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached, Garage
Property
Lot Information
  • Frontage Length: 400.0
  • Frontage Length Remarks: 400
  • Frontage Type: Lakefront
  • Lot Features: Views, Wooded, Waterfront
  • Lot Size Square Feet: 64033.0
  • Public Survey Range: 4E
  • Public Survey Section: 20
  • Public Survey Township: 43N
Property and Assessments
  • Above Grade Finished Area: 1050.0
  • Below Grade Finished Area: 550.0
  • Building Area Total: 1600.0
  • Living Area: 1600.0
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1996
Building Features
  • Construction Materials: Vinyl Siding
  • Roof: Composition, Shingle
Interior and Exterior Features
Exterior Features
  • Exterior Features: Dock
  • Patio And Porch Features: Patio
Interior Features
  • Appliances: Dryer, Electric Oven, Electric Range, Freezer, Range, Refrigerator, Water Softener, Washer
  • Basement: Exterior Entry, Full, Finished, Sump Pump, Walk-Out Access
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air, Hot Water, Propane
  • Has Heating: Yes
  • Flooring: Carpet, Tile, Vinyl
  • Interior Features: Walk-In Closet(s)
  • Water Heater: Propane
Room Information
Room 1
  • Type: Master Bedroom
  • Level: First
  • Dimensions: 18x14
Room 2
  • Type: Bedroom
  • Level: Basement
  • Dimensions: 11'3x12'5
Room 3
  • Type: Dining Room
  • Level: First
  • Dimensions: 10'6x13'6
Room 4
  • Type: Bathroom
  • Level: First
Room 5
  • Type: Family Room
  • Level: Basement
  • Dimensions: 13x24'6
Room 6
  • Type: Bathroom
  • Level: Basement
Room 7
  • Type: Bathroom
  • Level: First
Room 8
  • Type: Bedroom
  • Level: First
  • Dimensions: 11'6x11'6
Room 9
  • Type: Utility Room
  • Level: Basement
  • Dimensions: 12'6x14
Room 10
  • Level: Basement
  • Dimensions: 11'3x3
Room 11
  • Type: Living Room
  • Level: First
  • Dimensions: 17x13'4
Room 12
  • Type: Utility Room
  • Level: Basement
  • Dimensions: 16'5x10'7

Property History for 5875 Payment Lake Road

DateEvent & SourcePriceAppreciation
Aug 10, 2016

Sold (Public Record)

Public Record #1080028081

$219,000—
Aug 7, 2016

Sold

Greater Northwoods MLS #155678

$219,000—
Jul 28, 2016

Contingent

Greater Northwoods MLS #155678

—
DateEvent & SourcePrice
08/10/2016

Sold (Public Record)

Public Record #1080028081

$219,000
08/07/2016

Sold

Greater Northwoods MLS #155678

$219,000
07/28/2016

Contingent

Greater Northwoods MLS #155678

—

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

Public Records for 5875 Payment Lake Road

Taxable ValueLand$80,000Additions$159,500Total$239,500
Tax Record2025$3,371 ($281 / month)
Home Facts
Beds0Lot Size26,136 SqFtStyleSingle Family ResidenceCountyIRONAPN12-2703-0000

Schools near 5875 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.

Similar Homes

New listings in 54547

$160,000 | 2571 W Scheels Road, Mercer, WI 54547
1/8
Active Under Contract

$160,000

2
Bedrooms
661
Square Feet
1.5
Acres

2571 W Scheels Road, Mercer, WI 54547

$425,000 | 5849 Great Northern South, Mercer, WI 54547
1/41

$425,000

2
Bedrooms
1,456
Square Feet
1.43
Acres

5849 Great Northern South, Mercer, WI 54547

$974,900 | 3453 Siegert Boulevard, Mercer, WI 54547
1/48
Active Under Contract

$974,900

3
Bedrooms
1,800
Square Feet
1
Acres

3453 Siegert Boulevard, Mercer, WI 54547

$170,000 | 4902 North Greggs Road, Mercer, WI 54547
1/32

$170,000

2
Bedrooms
440
Square Feet
0.66
Acres

4902 North Greggs Road, Mercer, WI 54547

$829,900 | 3707 Popko Circle East, Mercer, WI 54547
1/56

$829,900

3
Bedrooms
2,272
Square Feet
4.46
Acres

3707 Popko Circle East, Mercer, WI 54547

$665,000 | 5084 Stafford Point Road North, Mercer, WI 54547
1/45

$665,000

4
Bedrooms
1,830
Square Feet
1
Acres

5084 Stafford Point Road North, Mercer, WI 54547

$369,000 | 3844 West Cth Ff, Mercer, WI 54547
1/31
Active Under Contract

$369,000

3
Bedrooms
950
Square Feet
5.14
Acres

3844 West Cth Ff, Mercer, WI 54547

$549,900 | 4632 Lake Of The Falls Road, Mercer, WI 54547
1/53
Active Under Contract

$549,900

3
Bedrooms
2,131
Square Feet
2
Acres

4632 Lake Of The Falls Road, Mercer, WI 54547

$210,000 | 5251 State House Circle, Mercer, WI 54547
1/18

$210,000

2
Bedrooms
700
Square Feet
0.22
Acres

5251 State House Circle, Mercer, WI 54547

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5875 Payment Lake Road, Mercer, WI 54547
$219,000
3
1,600
64,033
5877 Payment Lake Road, Mercer, WI 54547
–
–
–
–
–
5873 Payment Lake Road, Mercer, WI 54547
–
–
–
–
36,155
5871 Payment Lake Road, Mercer, WI 54547
$337,700
2
1,944
30,056
5871 N Payment Lake Road, Mercer, WI 54547
$150,000
–
–
–
17,424
5851 Payment Lake Road, Mercer, WI 54547
–
–
–
–
52,272

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of CENTURY 21 PIERCE REALTY - MERCER

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of Northwoods Association of REALTORS®. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Northwoods Association of REALTORS®. All rights reserved.