OFF MARKET

Off Market Oct 2023 for $375K

$338,734

Est. refi paymentEst. refi $2,411/mo

•

928

sq ft

15150 Rasmussen Ln, Three Lakes, WI 54562

About this home

Here we are on one of the most prestigious lakes in Forest County. Just a short jump from Vilas County. Two sweet little 3 season cabins with a gorgeous view of Butternut lake. 1246 acres of great swimming, boating, and fishing! The cabins have a good septic and drilled well. They need some TLC but not too much. There is a fieldstone backdrop for the wood burner in the largest one which has also 3 bedrooms. The kitchen is nice size and has cabinets and stove, microwave, and refrigerator. The front porch is enclosed and stretches the whole length of the front of the cabin. then there is also an open deck facing the lake. The little cabin is just bath, kitchen and living room. Basically a studio apartment. There are several storage sheds and the best of all there are about 3 beautiful apple trees with delicious apples in the fall. They also would be rentable. Sand beach and view is irreplaceable!

Single-familyProperty Type

0.6 acresLot Size

$365Est. Price/Sq.Ft.

Listed by MARCELLA KRUSICK • SHOREWEST - EAGLE RIVER

Bought with RYAN BURGY • SHOREWEST - EAGLE RIVER

Redfin checked: 2 minutes ago

•Source:GNMLS #201761

Redfin Estimate

$338,734

$36K since sold in October 2023$0 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 5.4% higher than the average sale price ($321K) of 6 comparable homes.

SOLD NOV 26, 2025
$510,000
A
4 beds2 baths1,680 sq ft
1646 Tambling Lake Ln, Eagle River, WI 54521
SOLD JUL 29, 2026
$54,000
B
2 beds1 bath640 sq ft
8615 Military Rd, Three Lakes, WI 54562
SOLD OCT 20, 2025
$550,000
C
3 beds2 baths912 sq ft
1626 Lighthouse Lodge Rd, Eagle River, WI 54521
SOLD JUL 24, 2026
$194,900
D
3 beds2 baths1,352 sq ft
4507 Hill Rd, Phelps, WI 54554
SOLD JUN 25, 2026
$300,000
E
3 beds2 baths1,530 sq ft
7519 Island View Rd, Three Lakes, WI 54562
SOLD JUN 12, 2026
$320,000
F
3 beds2 baths1,536 sq ft
1043 E Maple St, Eagle River, WI 54521

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Earn from this home

Refinance

Est. cash available

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Market trends in 54562, WI

Last updated July 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.9%

+4.2% MoM

Median sale price

$577K

$246K MoM

Avg. days on market

89d

20 days MoM

Recently sold homes

4 MoM

Provided by Redfin

Sale history for 15150 Rasmussen Ln

Year

Property tax

Land + Additions

Assessment*

2025

$1,701 (+9.7%)

$80,200 + $42,800

$123,000

2024

$1,551 (−1.1%)

$80,200 + $42,800

$123,000

2023

$1,568 (+2.7%)

$80,200 + $42,800

$123,000

2022

$1,528 (+11.1%)

$80,200 + $42,800

$123,000

2021

$1,376 (+0.3%)

$80,200 + $42,800

$123,000

2020

$1,371 (+4.9%)

$80,200 + $42,800

$123,000

2019

$1,307 (−7.4%)

$80,200 + $42,800

$123,000

2018

$1,412 (+11.6%)

$80,200 + $42,800

$123,000

2017

$1,265 (−21.9%)

$80,200 + $42,800

$123,000

2016

$1,621 (−0.7%)

$92,400 + $64,900

$157,300

2015

$1,632 (−14.2%)

$92,400 + $64,900

$157,300

2014

$1,901 (−16.7%)

$92,400 + $64,900

$157,300

2013

$2,282

$92,400 + $64,900

$157,300

Tax history for 15150 Rasmussen Ln

Year

Property tax

Land + Additions

Assessment*

2025

$1,701 (+9.7%)

$80,200 + $42,800

$123,000

2024

$1,551 (−1.1%)

$80,200 + $42,800

$123,000

2023

$1,568 (+2.7%)

$80,200 + $42,800

$123,000

2022

$1,528 (+11.1%)

$80,200 + $42,800

$123,000

2021

$1,376 (+0.3%)

$80,200 + $42,800

$123,000

2020

$1,371 (+4.9%)

$80,200 + $42,800

$123,000

2019

$1,307 (−7.4%)

$80,200 + $42,800

$123,000

2018

$1,412 (+11.6%)

$80,200 + $42,800

$123,000

2017

$1,265 (−21.9%)

$80,200 + $42,800

$123,000

2016

$1,621 (−0.7%)

$92,400 + $64,900

$157,300

2015

$1,632 (−14.2%)

$92,400 + $64,900

$157,300

2014

$1,901 (−16.7%)

$92,400 + $64,900

$157,300

2013

$2,282

$92,400 + $64,900

$157,300

*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

0.6 Acres

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Other

County

Forest County

APN

016012450000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 26, 2026.

Property details

Parking

Parking/Garage Information
Parking Features: Storage

Interior

Bathroom Information
# of Full Bathrooms: 2

Heating & Cooling
Has Heating
Heating: Propane, Wood, Wall Furnace

Interior Features
Appliances: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
Flooring: Carpet, Vinyl

Room Information
Laundry Features: Washer Hookup, In Basement
Basement Details: Crawl Space

Exterior

Exterior Features
Patio And Porch Features: Deck
Roof: Composition, Metal, Shingle

Building Information
Sq. Ft.: 928
Above Grade Finished Area: 928
Levels: One
# of Stories Total: 1
Construction Materials: Frame, Stone, Wood Siding
Foundation Details: Other

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

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

Lot Information
Lot Features: Private, Secluded, Sloped, Views, Waterfront
Frontage Type: Lakefront
Frontage Length: 75
Water Body Name: BUTTERNUT
Road Surface Type: Unimproved
Road Frontage Type: Unimproved
Zoning Description: Recreational

Financial

Tax Information
Tax Annual Amount: $1,528

Utilities

Utility Information
Water Source: Private, Well
Electric: Circuit Breakers
Utilities: Sewer Connected
Sewer: Septic Tank

Location

Location Information
Directions: Hwy 70E to Military Road. Turn right to Butternut Lake Road then Left to Rasmussen Lane. Turn right. Go to end of road, 2 cottages on right at #15150 signs.

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.6 acres
Style: Other
Year Built: —
Year Renovated: —
County: Forest County
APN: 016012450000

Home facts updated by county records on Aug 26, 2026

Around this home

Schools

Three Lakes Elementary School

Public PreK-6 • Assigned • 11.6mi

8/10

Three Lakes Junior High School

Public 7-8 • Assigned • 11.6mi

8/10

Three Lakes High School

Public 9-12 • Assigned • 11.6mi

5/10

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

Three Lakes, WI • 54562

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

$322,000 – $390,000

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

Nearby similar homes

$449,900

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1956 Anvil Lake Rd E, Eagle River, WI 54521

$2,700,000

3 beds2.5 baths4,101 sq ft

1209 Wooded Ln, Eagle River, WI 54521

$499,000

3 beds2 baths2,240 sq ft

3943 Bass Lake Rd, Rhinelander, WI 54501

NEW 34 HRS AGO

$347,500

4 beds2 baths3,460 sq ft

4281 Hwy 70, Eagle River, WI 54521

$575,000

5 beds3.5 baths3,332 sq ft

2145 Pinewood Dr, Eagle River, WI 54521

Home values near 15150 Rasmussen Ln

Data from public records.

Address	Redfin Estimate
15152 Rasmussen Ln, Hiles, WI 2 Beds \| 1 Baths \| 1020 Sq. Ft.	$518,488

Address	Redfin Estimate
15112 Butternut Lake Rd, Three Lakes, WI 2 Beds \| 1 Baths \| 900 Sq. Ft.	$622,420

Address	Redfin Estimate
15114 Butternut Lake Rd, Three Lakes, WI 4 Beds \| 3 Baths \| 2200 Sq. Ft.	—

Property information provided by GNMLS when last listed in 2023. 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 54562, WI

Sale history for 15150 Rasmussen Ln

Tax history for 15150 Rasmussen Ln

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

Home values near 15150 Rasmussen Ln

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