1240 Lake Terrace Drive

1240 Lake Terrace Drive has been categorized by the local assessors in Three Lakes, WI as a residential type of property. The area measurement of the land has been determined as 47,480 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1240 Lake Terrace Drive sold most recently in Nov 9, 2022 for a total of $415,000. Before that, the property was also sold for $420,000 in Aug 11, 2022. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,243 in taxes each year. 1240 Lake Terrace Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $263,700. If we break it down further, the land itself was valued at $170,800. Improvements to the property, however, were assessed at a total of $92,900. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.