2 months on rocket

11585 E Railroad St, Lake Nebagamon, WI, 54849

$489,000

Home List Price

$5,807*

Closing Credit

2 Bedrooms
1 Full Bath
1,624 SqFt
$301/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

11585 E Railroad St, Lake Nebagamon$489,000

Buyer Closing Credits

$5,807*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Parking4 Car
Garage5 spaces
WaterfrontNone
MLS #6116345
Lot Size2.38 Acres
StatusActive

About 11585 E Railroad St

This beautifully renovated property offers an incredible investment opportunity on 1.84 acres in the Village of Lake Nebagamon This property is perfect for entrepreneurs seeking steady revenue generation. At its core is an immaculate 2-bedroom, 2-bath home featuring a gorgeous custom kitchen with new GE Profile appliances, abundant cabinetry, and very attractive countertops. The home also boasts new energy-efficient lighting and a combination boiler and water heater that utilizes convenient natural gas and there is a mini-split A/C and heat pump to keep you comfortable. The lower level includes a spacious family room with in-floor heat that is ideal for various uses, and the beautiful second bathroom. You?ll appreciate the meticulous attention to detail and quality craftsmanship throughout the renovation. The property also includes an updated laundromat business, which has undergone a substantial facelift with new equipment, energy-efficient lighting, an updated restroom, and a sophisticated camera system for added security. The modern mechanical systems supporting the laundromat are in excellent condition, making the business truly turnkey. Additionally, the property features a two-bay self-serve car wash with in-floor heating to reduce operating costs. A 60 x 28-foot, 5-bay garage offers additional leasable storage space, with ample land available for expansion if desired. An additional 0.57-acre parcel, zoned R1, is included and would be suitable for building another home. Whether you?re looking for a great income opportunity, want to operate a successful home business, or wish to expand your portfolio of vacation rentals, this property is sure to exceed your expectations. The property is located a short walk to the public beach on Lake Nebagamon and the businesses that support the local population that include a bank, grocery store, restaurants, ice cream shops, and two taverns. Railroad Street is also a part of the popular recreational vehicle trail network in Douglas County.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Stories: 1
  • Living Area: 1,624 SqFt

Listing Office:

  • Office Name: RE/MAX Results
  • Office Phone: (715) 392-1111
  • Listing Agent: Steve Germond

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Patio

Parking Information:

  • Garage Space: 5 spaces
  • Parking: 4 Car

Lot Features

Lot Information:

  • Lot Size: 2.38 Acres

Other

Directions Information:

  • Directions: From County Rd B to County Rd F. North on F one Block.

Municipality:

  • Lake Nebagamon

Price Information

Listing Price Info

Price Summary:

  • List Price: $489,000
  • Price Per SqFt: $301/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Lake Nebagamon, WI.

Map thumbnail provided by MapBox

Lake Nebagamon, WI

City

Med. Sold Price

$370K

Med. Price/SqFt

$210

Avg. Days On Market

11

# of Sold Homes

3

11585 E Railroad St vs Lake Nebagamon

84 DAYS ON ROCKET

+73 Days

$489,000

+$119K More

$301/SqFt

+$90 More

KEY TAKEAWAY

This property is $119K more than the Median Sold Price and $90/SqFt more than other homes in Lake Nebagamon, WI.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: WIREX_SAAR
  • MLS Number: #6116345

Listing Office:

  • Office Name: RE/MAX Results
  • Office Phone: (715) 392-1111
  • Listing Agent: Steve Germond

© 2024 WIREX - All Rights Reserved.

Information is supplied by seller and other third parties and has not been verified. All information deemed reliable but not guaranteed and should be independently verified. Information is supplied by seller and other third parties and has not been verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor this broker nor MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 5:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,508

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,533

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-888597
5
/10

  • Northwestern Elementary School

  • 10465 E US Highway 2

  • 5.46 miles

  • Public District Grades PK-5

school-card-donut-888598
6
/10

  • Eagles' Wings Public Montessori Charter

  • 8993 E Baldwin Ave

  • 13.32 miles

  • Public Charter Grades PK-6

school-card-donut-888599
6
/10

  • Iron River Elementary School

  • 7730 Pettingill St

  • 13.98 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,148. Typical income of Lake Nebagamon, WI residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 11585 E Railroad St

What is the listing price of this property?

The listing price of 11585 E Railroad St property is $489,000.

What type of property is this?

The property 11585 E Railroad St is a house located in Lake Nebagamon, Wisconsin, 54849.

Is this property for sale now?

Active Listing: 11585 E Railroad St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 11585 E Railroad St has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 11585 E Railroad St is 1,624 SqFt (source: MLS/tax record).

Rocket Homes›Wisconsin›Douglas County›Lake Nebagamon›54849›11585 E Railroad St

This home is located at 11585 E Railroad St in Lake Nebagamon, WI and zip code 54849. This 1,624 square foot home sits on a 2.38 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 28, 2024 and is currently priced at $489,000.

Lake Nebagamon, WI housing market in November 2024 saw over 3 listings sold above listed price, more than 0 sold at listed price and over 0 sold below. The inventory of homes for sale in Lake Nebagamon, WI between October 2024 and November 2024 decreased by 15.4%. The median list price of listings available in November 2024 was $370,000, while the average time on the real estate market was 11 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources