Opportunity awaits on beautiful Silver Lake! With 58 feet of pristine lake frontage and a spacious yard backing directly to the Lake Country Bike Trail, this property offers an incredible setting with endless potential. The existing 3-bedroom, 1.5-bath home is in need of significant renovation and is being offered as a true fixer-upper. Features include an eat-in kitchen, living room, den, large sunroom and first-floor laundry. A spacious 2.5-car garage with workbench area provides plenty of room for vehicles, lake toys and projects. Bring your contractor and your vision to renovate and transform the existing home or explore the possibilities of building your dream lake home. A rare chance to create something special on Silver Lake!
Closed
$672,500
37738 Valley ROAD, Summit, WI 53066
3beds
1,136sqft
Single Family Residence
Built in 1940
0.37 Acres Lot
$634,700 Zestimate®
$592/sqft
$2,724 Estimated rent
Home value
$634,700
$603,000 - $666,000
$2,724/mo
Zestimate® history
Owner options
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$4,507/mo
Est. payment
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$4,507/mo
Est. payment
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List your homeWhat's special
First-floor laundryEat-in kitchenLarge sunroom
Zillow last checked:
Listing updated:
Listed by:
Kimberly Stark 414-704-6745,
First Weber Inc - Delafield
Bought with:
Heidi Grebe
Source: WIREX MLS,MLS#: 1978657
Originating MLS: Metro MLS
Originating MLS: Metro MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 176
- Dimensions: 16 x 11
Bedroom 2
- Level: Main
- Area: 120
- Dimensions: 10 x 12
Bedroom 3
- Level: Main
- Area: 96
- Dimensions: 12 x 8
Bathroom
- Features: Tub Only, Ceramic Tile, Shower Over Tub
Kitchen
- Level: Main
- Area: 170
- Dimensions: 10 x 17
Living room
- Level: Main
- Area: 221
- Dimensions: 13 x 17
Office
- Level: Main
- Area: 96
- Dimensions: 12 x 8
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Microwave, Oven, Range, Refrigerator, Water Softener Rented
Features
- High Speed Internet, Pantry
- Basement: Block,Full,Sump Pump
- Attic: Expandable
Interior area
- Total structure area: 1,136
- Total interior livable area: 1,136 sqft
- Finished area above ground: 1,136
Property
Parking
- Total spaces: 2.5
- Parking features: Garage Door Opener, Attached, 2 Car, 1 Space
- Attached garage spaces: 2.5
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Deeded Water Access, Water Access/Rights, Waterfront, Lake, 51-100 feet
- Body of water: Silver Lake
Lot
- Size: 0.37 Acres
- Features: Wooded
Details
- Additional structures: Garden Shed
- Parcel number: SUMT0611979
- Zoning: Res
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Aluminum/Steel
Condition
- 21+ Years
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Point Well/Sand Point, Well
- Utilities for property: Cable Available
Community & HOA
Location
- Region: Oconomowoc
- Municipality: Summit
Financial & listing details
- Price per square foot: $592/sqft
- Tax assessed value: $551,200
- Annual tax amount: $4,791
- Date on market: 9/1/2026
- Inclusions: Refrigerator, Stove/Oven, Microwave
- Exclusions: Water Softener (Rental)
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Sold | $672,500+7.6%$592/sqft |
Source:  WIREX MLS #1978657 Report a problem | ||
| 9/5/2026 | Pending sale | $625,000$550/sqft |
Source: WIREX MLS #1978657 Report a problem | ||
| 9/1/2026 | Listed for sale | $625,000$550/sqft |
Source: WIREX MLS #1978657 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,120 +8.3% | $404,700 |
| 2023 | $3,805 -11.3% | $404,700 |
| 2022 | $4,291 +11.1% | $404,700 +37.6% |
| 2021 | $3,863 -3.9% | $294,100 |
| 2020 | $4,020 -0.3% | $294,100 |
| 2019 | $4,032 -13.8% | $294,100 |
| 2018 | $4,680 -1.7% | $294,100 |
| 2017 | $4,760 -11.3% | $294,100 |
| 2015 | $5,363 +19% | $294,100 |
| 2014 | $4,508 | $294,100 -1.3% |
| 2013 | $4,508 | $298,000 -20.6% |
| 2012 | -- | $375,100 |
| 2011 | -- | $375,100 |
| 2010 | $6,198 | $375,100 |
| 2009 | -- | $375,100 |
| 2008 | -- | $375,100 +42.3% |
| 2006 | -- | $263,600 |
| 2005 | -- | $263,600 |
| 2004 | -- | $263,600 |
| 2003 | -- | $263,600 +38.4% |
| 2002 | -- | $190,500 |
| 2001 | -- | $190,500 |
| 2000 | -- | $190,500 |
Find assessor info on the county website
Neighborhood: 53066
Nearby homes
- $653,600-- bd-- ba-- sqft37732 Valley Rd, Oconomowoc, WI 53066Off Market
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Nearby schools
GreatSchools rating
- 8/10Silver Lake Intermediate SchoolGrades: 5-8Distance: 0.7 mi
- 6/10Oconomowoc High SchoolGrades: 9-12Distance: 1.3 mi
- 8/10Summit Elementary SchoolGrades: PK-4Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Summit
- Middle: Silver Lake
- High: Oconomowoc
- District: Oconomowoc Area
Source: WIREX MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$634,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$634,700
- Wisconsin
- Waukesha County
- Summit
- 53066
- 37738 Valley ROAD
