OFF MARKET

Off Market Sep 2018 for $168K

$361,559

Est. refi paymentEst. refi $1,017/mo

•

840

sq ft

5881N Long Rd, Mercer, WI 54547

About this home

Spectacular sunsets over shimmering waters can be yours with this charming 2 bedroom year round Cabin on Payment Lake East of Mercer, Wisconsin, situated on a very private, end of the road 2 acre lot with 200 feet of western exposed Lake frontage. Amenities include a living room wood stove fireplace, lakeside screen porch, natural gas furnace, kitchen appliances, fire ring, and a fish cleaning/woodshed building. Payment Lake is a very scenic lake with great fishing and no public access.

Single-familyProperty Type

2 acresLot Size

$430Est. Price/Sq.Ft.

Listed by DEREK LARSON TEAM • FIRST WEBER - MINOCQUA

Bought with DEREK LARSON TEAM • FIRST WEBER - MINOCQUA

Redfin checked: a few seconds ago

•Source:GNMLS #173588

Redfin Estimate

$361,559

$193K since sold in September 2018$27K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 13% lower than the average sale price ($415K) of 6 comparable homes.

SOLD AUG 3, 2026
$280,000
A
2 beds1 bath864 sq ft
6274N Bambiland Rd, Mercer, WI 54547
SOLD AUG 4, 2026
$180,000
B
2 beds1 bath943 sq ft
5351 Townline Rd, Manitowish Waters, WI 54545
SOLD DEC 5, 2025
$175,000
C
3 beds1 bath960 sq ft
1663w Cth J, Mercer, WI 54547
SOLD JUN 29, 2026
$797,900
D
2 beds1 bath1,280 sq ft
13794 Priest Point Ln, Winchester, WI 54557
SOLD JUL 30, 2026
$650,000
E
1 bed1 bath716 sq ft
5769 Rest Bay Ln, Manitowish Waters, WI 54545
SOLD JUN 15, 2026
$410,000
F
2 beds1 bath780 sq ft
4621 Nelson Lake Ln, Boulder Junction, WI 54512

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Earn from this home

Refinance

Est. cash available

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Market trends in 54547, WI

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.8%

2.0% MoM

Median sale price

$482K

$109 MoM

Avg. days on market

66d

0 days MoM

Recently sold homes

2 MoM

New listings for sale

$564,900
3 beds2.5 baths2,131 sq ft
4632 Lake Of The Falls Rd W, Mercer, WI 54547
$210,000
2 beds2 baths700 sq ft
5251 Statehouse Cir N, Mercer, WI 54547
$399,900
3 beds1.5 baths2,328 sq ft
2560 W Mercer Lake Cir, Mercer, WI 54547
See all

Provided by Redfin

Sale history for 5881N Long Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,489 (+4.0%)

$100,000 + $71,500

$171,500

2024

$2,393 (+16.0%)

$100,000 + $71,500

$171,500

2023

$2,062 (−5.1%)

$100,000 + $71,500

$171,500

2022

$2,172 (+1.5%)

$100,000 + $71,500

$171,500

2021

$2,140 (−0.3%)

$100,000 + $71,500

$171,500

2020

$2,147 (+0.2%)

$100,000 + $71,500

$171,500

2019

$2,142 (+0.8%)

$100,000 + $71,500

$171,500

2018

$2,125 (+4.0%)

$100,000 + $71,500

$171,500

2017

$2,042 (+6.3%)

$100,000 + $71,500

$171,500

2016

$1,921 (+3.2%)

$100,000 + $71,500

$171,500

2014

$1,862 (−13.2%)

$100,000 + $71,500

$171,500

2013

$2,145

$100,000 + $71,500

$171,500

Tax history for 5881N Long Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,489 (+4.0%)

$100,000 + $71,500

$171,500

2024

$2,393 (+16.0%)

$100,000 + $71,500

$171,500

2023

$2,062 (−5.1%)

$100,000 + $71,500

$171,500

2022

$2,172 (+1.5%)

$100,000 + $71,500

$171,500

2021

$2,140 (−0.3%)

$100,000 + $71,500

$171,500

2020

$2,147 (+0.2%)

$100,000 + $71,500

$171,500

2019

$2,142 (+0.8%)

$100,000 + $71,500

$171,500

2018

$2,125 (+4.0%)

$100,000 + $71,500

$171,500

2017

$2,042 (+6.3%)

$100,000 + $71,500

$171,500

2016

$1,921 (+3.2%)

$100,000 + $71,500

$171,500

2014

$1,862 (−13.2%)

$100,000 + $71,500

$171,500

2013

$2,145

$100,000 + $71,500

$171,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

2 Acres

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Other

County

Iron County

APN

012 2737-0000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 19, 2026.

Property details

Parking

Parking/Garage Information
Parking Features: Driveway

Interior

Bathroom Information
# of Full Bathrooms: 1

Heating & Cooling
Has Cooling
Cooling: Ceiling Fan(s)
Has Heating
Heating: Natural Gas, Wall Furnace

Interior Features
Interior Features: Ceiling Fan(s)
Appliances: Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring: Carpet, Vinyl
Has Fireplace
Fireplace Features: Free Standing, Wood Burning

Room Information
Laundry Features: Main Level
Basement Details: Crawl Space

Exterior

Exterior Features
Exterior Features: Dock
Roof: Composition, Shingle

Building Information
Direction Faces: West
Sq. Ft.: 840
Above Grade Finished Area: 840
Levels: One
# of Stories Total: 1
Construction Materials: Frame, Wood Siding
Foundation Details: Block

Property Features
On Waterfront
Waterfront Features: Lake Front
Has View
Other Structures: Outbuilding, Shed(s)

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: SingleFamilyResidence

Lot Information
Lot Features: Level, Private, Secluded, Sloped, Views, Wooded, Waterfront
Frontage Type: Lakefront
Water Body Name: PAYMENT
Lot Size Dimensions: 200 x 2200
Zoning Description: Residential

Financial

Tax Information
Tax Annual Amount: $2,042

Utilities

Utility Information
Electric: Circuit Breakers
Utilities: Phone Available

Location

Schools Information
Elementary School: IR Mercer
Middle Or Junior School: IR Mercer
High School: IR Mercer

Location Information
Directions: From HWY 51& CTH J Intersection in Mercer, take CTH J east 3.3 miles to North on Long Rd. 0.5 miles to property.

Community Information
Community Features: Park

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 2 acres
Style: Other
Year Built: —
Year Renovated: —
County: Iron County
APN: 012 2737-0000

Home facts updated by county records on Aug 19, 2026

Around this home

Schools
Places
Transit

Mercer School

Public PreK-12 • Assigned • 3.1mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

1/10 Heat Factor

7 days above 91° expected this year, 13 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Mercer, WI • 54547

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Estimated sale price

$344,000 – $416,000

Sell confidently with a local market expert in Mercer. 3 minutes to get started.

Nearby similar homes

$897,000

3 beds3 baths2,075 sq ft

5601W Baldovin Rd, Hurley, WI 54534

$210,000

2 beds2 baths700 sq ft

5251 Statehouse Cir N, Mercer, WI 54547

$564,900

3 beds2.5 baths2,131 sq ft

4632 Lake Of The Falls Rd W, Mercer, WI 54547

$1,900,000

4 beds3.5 baths4,000 sq ft

12978 Fawn Trl, Manitowish Waters, WI 54545

$349,900

3 beds1 bath1,272 sq ft

7345 County Hwy W, Winchester, WI 54557

Adam Bruckner • Collective Real Estate Group

$1,397,000

4 beds3 baths4,910 sq ft

12753 Alder Lake Rd, Manitowish Waters, WI 54545

New listings for sale in 54547

$564,900

3 beds2.5 baths2,131 sq ft

4632 Lake Of The Falls Rd W, Mercer, WI 54547

$210,000

2 beds2 baths700 sq ft

5251 Statehouse Cir N, Mercer, WI 54547

$399,900

3 beds1.5 baths2,328 sq ft

2560 W Mercer Lake Cir, Mercer, WI 54547

Home values near 5881N Long Rd

Data from public records.

Address	Redfin Estimate
5966N Scott Road, Mercer, WI - Beds \| 1 Baths \| 500 Sq. Ft.	$237,403
N5784 Cth J, Mercer, WI 3 Beds \| 1 Baths \| 1100 Sq. Ft.	$398,470

Address	Redfin Estimate
5915N Scott Road, Mercer, WI 3 Beds \| 2.5 Baths \| 3360 Sq. Ft.	$708,209

Address	Redfin Estimate
5946N Scott Road, Mercer, WI 3 Beds \| 1.5 Baths \| 1255 Sq. Ft.	$438,523

Property information provided by GNMLS when last listed in 2018. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 54547, WI

Sale history for 5881N Long Rd

Tax history for 5881N Long Rd

Public record

Property details

Around this home

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 54547

Home values near 5881N Long Rd

More real estate resources