$300,000
SOLD SEP 6, 2024
1 Bed
1 Bath
760 Sq Ft
$535/mo HOA Fee

Recently Sold

$395 Per Sq Ft

13% Below List Price

99 Days on Market

Highlights

  • Lake Front
  • Water Access
  • Community Lake
  • Hinkle Creek Elementary School Rated A-
  • Fishing
  • Clubhouse

About This Home

As of September 2024

Start enjoying lake living today without the expense or hassle of a lakefront home or boat slip rental. This Nantucket Inspired condominium on Mallards Pointe is a complete turnkey unit which means everything stays plus includes a deeded boat slip just a few steps outside your condo. With a second floor south facing condo, you truly have one of the best views of the lake all year long. Mallards Pointe features a one of a kind designed private indoor pool with lots of common space inside and outside for entertainment all year long, plus the exterior has just completed a major renovation which gives this complex a fresh new modern look using low maintenance materials and wonderful natural landscape designs making Mallards Pointe look and feel like a new vacation property which can be enjoyed all year long. Unit 314 features an updated kitchen, great room with fireplace, updated bathroom with full size shower, walk-in closet in primary bedroom, stacked washer and dryer plus wonderful lanai that overlooks Morse Reservoir. This beautiful 1,500 acre lake is wonderful for boating, swimming, skiing, jet skiing, fishing or just enjoying a lazy day out on a boat or watching the boats go bye from your own private lanai. Mallards Pointe is a perfect weekender retreat but feel free to stay all year long and enjoy all the amenities this location has to offer, plus at an additional costs, you are a short walk from Harbour Trees Beach Club which is a private club located next to Mallards Pointe and membership is through the Harbour Trees Beach Club.

Last Agent to Sell the Property

Steve Sergi

RE/MAX At The Crossing Brokerage Email: stevesergi@remax.net License #RB14035150 Listed on: 04/24/2024

RE/MAX At The Crossing

Co-Listed By

Sophie Sergi

RE/MAX At The Crossing Brokerage Email: stevesergi@remax.net License #RB21000062

Last Buyer's Agent

Mark Fox

The Fox Group Real Estate License #RB14042446

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,000

Year Built

  • Built in 1984

Lot Details

  • Lake Front
  • Reservoir Front

HOA Fees

  • $535 Monthly HOA Fees

Parking

  • Common or Shared Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Cement Siding

Interior Spaces

  • 760 Sq Ft Home
  • 1-Story Property
  • Paddle Fans
  • Thermal Windows
  • Great Room with Fireplace
  • Combination Kitchen and Dining Room
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Water Access
  • Deck

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tax Block 14
  • Assessor Parcel Number 290614001014000013
  • Seller Concessions Not Offered

Community Details

Overview

  • Association fees include home owners, clubhouse, common cable, sewer, insurance, lawncare, snow removal, trash
  • Association Phone (317) 915-0400
  • Mallards Pointe Subdivision
  • Property managed by Associated Management Inc
  • Community Lake

Recreation

  • Community Pool
  • Fishing

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,000

Year Built

Built in 1984

Lot Details

0

HOA Fees

$535 per month

Listing Details

  • Property Sub Type: Condominium
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1984
  • Building Area Total: 760
  • Co List Office Phone: 317-595-1900
  • Garage Y N: No
  • Subdivision Name: Mallards Pointe
  • Transaction Type: Sale
  • Website: www.thesergigroup.com
  • Accessibility Features YN: No
  • Floor Number: 2
  • Lifestyles: Walk Up
  • Unit Entry Level: 1
  • F H A Certified: No
  • Website: https://portal.indyami.com/?c=250
  • MBR_AttributionContact: stevesergi@remax.net
  • Attribution Contact: stevesergi@remax.net
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Basement: No
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Disposal, Electric Oven, Refrigerator, Washer
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Great Room, Woodburning Fireplce
  • Fireplaces: 1
  • Interior Amenities: Paddle Fan, Eat-in Kitchen, Walk-in Closet(s), Windows Thermal
  • Living Area: 760
  • Main Level Bedrooms: 1
  • Other Equipment: Smoke Alarm
  • Areas Interior: Laundry in Unit
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 760
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 0
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0

Exterior Features

  • Construction Materials: Cement Siding
  • Direction Faces: South
  • Foundation Details: Slab
  • List Price: 310000
  • Patio And Porch Features: Deck Main Level
  • View: Water
  • View Y N: Yes
  • Waterfront Features: Dock, Lake Front, On Reservoir, Water Access, Water View, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Common
  • Garage Parking Other: Assigned Parking Outside

Utilities

  • Utilities: Cable Connected
  • Cooling: Central Electric
  • Heating: Forced Air, Electric
  • Laundry Features: Laundry Closet
  • Water Source: Municipal/City
  • Solid Waste: No

Condo/Co-op/Association

  • Association Fee: 535
  • Association Fee Frequency: Monthly
  • Association Phone: 317-915-0400
  • Association YN: Yes
  • Community Features: Clubhouse, Fishing, Lake, Pool, Sidewalks
  • Management Company Name: Associated Management Inc
  • Condo Description Location: Upper Level
  • Condo Type: Vertical

Fee Information

  • Association Fee Includes: Association Home Owners, Clubhouse, Common Cable, Sewer, Insurance, Lawncare, Snow Removal, Trash

Lot Info

  • Property Attached Yn: Yes
  • Additional Parcels: No
  • Horse Amenities: None
  • Parcel Number: 290614001014000013
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 4000.18
  • Tax Block: 14
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 2000.09
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2024
Closed on
Sep 4, 2024
Sold by
Dewitt Paul H and Dewitt Cathline M
Bought by
Frakes Karen J and Crask Holly M
Seller's Agent
Steve Sergi
RE/MAX At The Crossing
Buyer's Agent
Mark Fox
The Fox Group Real Estate
List Price
$345,000
Sold Price
$300,000
Premium/Discount to List
-$45,000
-13.04%
Views
76
Current Estimated Value
$307,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,114
Avg. Annual Appreciation
-0.44%
Original Mortgage
$180,000
Outstanding Balance
$178,892
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$119,863

Purchase Details

Closed on
May 14, 2018
Bought by
Dewitt Paul H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2013
Sold by
Gilbert O Shaw Trust
Bought by
Louer Timothy J and Louer Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2003
Sold by
Libka Darrell A
Bought by
Shaw Gilbert O
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $300,000 First American Title
Deed $95,000 --
Trustee Deed -- None Available
Warranty Deed -- Stewart Title
Corporate Deed -- Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $180,000 New Conventional
Previous Owner $76,000 New Conventional
Previous Owner $81,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2024 09/06/24 Sold $300,000 -3.2% $395 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
07/17/2024 07/17/24 Price Changed $310,000 -4.6% $408 / Sq Ft
05/19/2024 05/19/24 Price Changed $325,000 -5.8% $428 / Sq Ft
04/24/2024 04/24/24 For Sale $345,000 -- $454 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

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 $4,000 $178,100 -- $178,100
2023 $4,000 $162,200 $0 $162,200
2022 $3,432 $136,300 $0 $136,300
2021 $3,121 $124,100 $0 $124,100
2020 $2,911 $112,600 $0 $112,600
2019 $2,638 $106,800 $0 $106,800
2018 $2,701 $106,800 $0 $106,800
2017 $2,591 $106,800 $0 $106,800
2016 $2,562 $106,800 $0 $106,800
2014 $2,610 $108,300 $0 $108,300
2013 $2,610 $108,300 $0 $108,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21975489

MIBOR Broker Listing Cooperative®

APN: 29-06-14-001-014.000-013