
507 Water St Lake Mills, WI 53551
Estimated payment $2,185/month
Highlights
- Very Popular Property
- Deck
- Forced Air Cooling System
- Cape Cod Architecture
- Wood Flooring
- Outdoor Storage
About This Home
Picture Perfect Cape Cod Style home in Picturesque Lake Mills! 4 BR well-loved home with hardwood floors, beautiful built-ins, pocket doors and a ton of character. Updates to the home include a newer furnace, replaced windows, updated lighting and electrical, and new fireplace insert with custom mantle. Enjoy a spacious deck that opens up to a private, fenced-in backyard. This lovely neighborhood is perfect for walking and just a short distance from downtown. Located conveniently between Madison and Milwaukee for an effortless commute. Don’t miss the chance to see this beautiful home! Call for more information.
Listing Agent
RE/MAX Preferred Brokerage Email: jtrapp@trapprealestate.com License #72034-94 Listed on: 07/03/2025

Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,037
Year Built
- Built in 1912
Parking
- Unpaved Parking
Home Design
- Cape Cod Architecture
- Stucco Exterior
Interior Spaces
- 1,750 Sq Ft Home
- 1.5-Story Property
- Gas Fireplace
- Wood Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Outdoor Storage
Schools
- Lake Mills Elementary And Middle School
- Lake Mills High School
Additional Features
- 7,841 Sq Ft Lot
- Forced Air Cooling System
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2024 | $3,248 | $150,800 | $30,700 | $120,100 |
2023 | $3,056 | $150,800 | $30,700 | $120,100 |
2022 | $2,959 | $150,800 | $30,700 | $120,100 |
2021 | $2,885 | $150,800 | $30,700 | $120,100 |
2020 | $2,840 | $150,800 | $30,700 | $120,100 |
2019 | $2,811 | $148,700 | $30,700 | $118,000 |
2018 | $2,756 | $129,500 | $30,300 | $99,200 |
2017 | $2,763 | $129,500 | $30,300 | $99,200 |
2016 | $2,786 | $129,500 | $30,300 | $99,200 |
2015 | $2,823 | $129,500 | $30,300 | $99,200 |
2014 | $2,834 | $129,500 | $30,300 | $99,200 |
2013 | $2,903 | $129,500 | $30,300 | $99,200 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/08/2025 07/08/25 | For Sale | $349,900 | 0.0% | $200 / Sq Ft |
07/07/2025 07/07/25 | Off Market | $349,900 | -- | -- |
07/03/2025 07/03/25 | For Sale | $349,900 | +94.4% | $200 / Sq Ft |
12/23/2019 12/23/19 | Sold | $180,000 | -7.7% | $103 / Sq Ft |
10/07/2019 10/07/19 | Price Changed | $195,000 | -4.9% | $111 / Sq Ft |
09/12/2019 09/12/19 | For Sale | $205,000 | -- | $117 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $180,000 | None Available |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $28,066 | Credit Line Revolving | |
Open | $155,000 | New Conventional | |
Previous Owner | $24,350 | New Conventional | |
Previous Owner | $133,000 | Credit Line Revolving | |
Previous Owner | $16,000 | Credit Line Revolving | |
Previous Owner | $40,000 | Credit Line Revolving | |
Previous Owner | $20,000 | Credit Line Revolving |
Similar Homes in Lake Mills, WI
Source: South Central Wisconsin Multiple Listing Service
MLS Number: 2003557

APN: 246-0713-1321-052
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