26353 Dock Lake Rd

Spooner, Wisconsin, 54801

Tax DeedpendingSells Oct 15, 2026 · in 8 days

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SqFt: 0
Lot Size: 108,316
APN: 07-024-2-39-14-11-5 05-002-011100

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Absentee (Out of State)
Length of Ownership: 5 Years 5 Months
Purchase Method: Cash Purchase
County: Burnett

Value

Estimated Value: $273,000
County Market Value: $97,800; 2025
Assessed Value: $53,900; 2025

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search
Tax Delinquent Since: 2023

Last Sale

Document Type: Warranty Deed

Opportunity

Opening Bid: $25
Bid / Value: 0.01%; of $273,000
Property Tax 2025: $725; annual bill · not the amount owed
Equity (est.): $273,000; 100%

Opening bid

$25

Assessed value

$53,900

Land $40,300Improvement $13,600

Market / AVM

$273,000

Property tax 2025

$725

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: ERIK O LOKKEN
Owner 2 Name: Gina Lokken
Mailing Address: 2171 Overlake Ave, White Bear Lake, MN 55110
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Basement: No Basement

Deal analysis

Sale Date	Recorded	Document	Doc #	Arm's Length	Method	Buyer	Seller
02/06/2021	04/14/2021	Warranty Deed	468779	No	Cash Purchase	Erik O Lokken, Gina Lokken	Theresa Lokken Janes, Theresa Janes
02/05/2021	04/14/2021	Intrafamily Transfer	468777	No	Cash Purchase	Erik O Lokken, Gina Lokken	Erik O Lokken
01/28/2021	04/14/2021	Warranty Deed	468780	No	Cash Purchase	Erik O Lokken, Gina Lokken	Michael A Pandow, Lisa L Pandow

Your maximum bid

$164,382

Walk away above this. Projected profit at the ceiling: $81,900 (30% of ARV).

Opening bid $25

Room to bid $164,356

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$59,192

Under max by $105,189

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

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Median sold

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p(redeem) prior

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No historical bucket for WI|Tax Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $273,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $273,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$21,840
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical WI range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical WI recording and deed issuance cost.: −$250
Holding costs (3 months)assumed Taxes, insurance, and securing the property at ~$410/month.: −$1,229
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$81,900
Maximum bid: $164,382

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. A WISCONSIN LISTING CAN BE TAKEN BACK BY ITS FORMER OWNER BEFORE IT SELLS. 2023 Wisconsin Act 207 requires every county to adopt an ordinance letting a former owner, their beneficiaries or heirs repurchase land lost to a tax deed by paying the county's costs, the taxes that would have accrued while the county held it, and the amounts needed to satisfy liens at foreclosure. The ordinance must cover single-family owner-occupied property and may cover everything else. The right is exercised before the county's sale, so it does not cloud a completed purchase — but it means the best inventory is filtered out before auction and a listing can disappear.
Wisconsin's assessment ratio is set per taxation district — town, village or city — and there are roughly 1,850 of them, so it cannot be expressed in countyAssessmentRatios, which is keyed by county FIPS. The 1.0 here is a deliberate floor rather than a measured figure: between revaluations a district's assessments typically lag the market, which makes a derived Wisconsin ARV conservative. The Department of Revenue publishes the real ratio for every district each year, and on a parcel where the number matters it is worth looking up — particularly in a district that has just revalued, where the assessment jumps to full value in a single year.

26353 Dock Lake Rd

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

26353 Dock Lake Rd

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Tax Assessment Information

Sale History

County records

Burnett County rules

Historical comps

Verify before you bid