Last Sold Price
70,567 Lot Size1.62 Acres
lot 2 Payment Lake Rd, Mercer, WI 54547

Description

Payment Lake - A lot of the work has been completed at this affordable waterfront property with beautiful views of Payment Lake. It has a 3 bedroom conventional septic already installed (in 2008), Has a nice wide driveway, cleared site and plenty of room for your cabin, garage or bring your camper to start enjoying the beautiful Northwoods area now! It has 146 ft of shoreline, 1.62 acres of level land and year round access on a town road. The shoreline along the lake is wet & boggy; for board-walk...Payment Lake - A lot of the work has been completed at this affordable waterfront property with beautiful views of Payment Lake. It has a 3 bedroom conventional septic already installed (in 2008), Has a nice wide driveway, cleared site and plenty of room for your cabin, garage or bring your camper to start enjoying the beautiful Northwoods area now! It has 146 ft of shoreline, 1.62 acres of level land and year round access on a town road. The shoreline along the lake is wet & boggy; for board-walk potential to Payment Lake being 66 acres, 17 ft depth known for its Musky, Panfish, Bass, Northern & Walleye fishing, and no public boat assess. Quiet area with easy access to ATV & Snowmobile trails, plus only a few miles to Mercer and State & Iron County Forest Lands! Adjoining property available too. Only $31,800
LISTING CLOSED: 12/28/2021 06:00 PM

  1. Listed by KATHY TUTT • RE/MAX ACTION NORTHWOODS REALTY, LLC
    P: (715) 776-3555 kathytutt@remax.net

Property Details for Lot 2 Payment Lake Road

Status
MLS #
189435
Days on Market
278
Taxes
$697 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land
Year Built
-
Lot Size
1.62 AC
Has View
Yes
Waterfront Features
Lake Front
Has Waterfront
Yes
Zoning Description
Residential

Location

Listing Courtesy of RE/MAX ACTION NORTHWOODS REALTY, LLC

Sold By RE/MAX ACTION NORTHWOODS REALTY, LLC

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Building Information for Lot 2 Payment Lake Road

Lot Size1.62 AC

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$166 per month

30 year fixed, 6.55% Interest

Principal and Interest

$108

Property Taxes

$58

HOA Dues

$0

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Property Information for Lot 2 Payment Lake Road

Summary
Location and General Information
  • Directions: From Mercer - HWY 51 north to RIGHT on CTH J. Go 2.8 miles to LEFT on Payment Lake Road. Go 2 blocks to 2nd real estate office sign on LEFT.
  • Latitude: 46.186558
  • Longitude: -90.016655
  • Township: IR Mercer
  • Water Body Name: PAYMENT
Taxes and HOA
  • Tax Annual Amount: $697.00
  • Tax Year: 2020
School Information
  • Elementary School: IR Mercer
  • High School: IR Mercer
  • Middle Or Junior School: IR Mercer
Parking
  • Parking Features: Gravel, Driveway
Property
Lot Information
  • Frontage Length: 146.0
  • Frontage Length Remarks: 146
  • Frontage Type: Lakefront
  • Lot Features: Level, Wooded, Wetlands, Waterfront
  • Lot Size Square Feet: 70567.0
  • Public Survey Range: 4E
  • Public Survey Section: 20
  • Public Survey Township: 43N
Property and Assessments
  • Property Type: Land
Utilities
  • Sewer: Septic Tank

Property History for Lot 2 Payment Lake Road

DateEvent & SourcePriceAppreciation
Dec 28, 2021

Sold

Greater Northwoods MLS #189435

$21,250
Dec 7, 2021

Pending

Greater Northwoods MLS #189435

Mar 8, 2021

Listed (Active)

Greater Northwoods MLS #189435

$41,000
DateEvent & SourcePrice
12/28/2021

Sold

Greater Northwoods MLS #189435

$21,250
12/07/2021

Pending

Greater Northwoods MLS #189435

03/08/2021

Listed (Active)

Greater Northwoods MLS #189435

$41,000

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

Schools near Lot 2 Payment Lake Road

This home is within Mercer School District.
Rating
School
Type
Grades
Distance
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: Lot 2 Payment Lake Road, Mercer, WI 54547
$21,250
70,567
26,136
30,492
$74,000
105,415
52,272
30,492

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 RE/MAX ACTION NORTHWOODS REALTY, LLC

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.