NOT LISTED FOR SALE

120 Lane 250a West Otter Lake Angola, IN 46703

Estimated Value: $220,000 - $285,000

3 Beds
2 Baths
1,740 Sq Ft
$139/Sq Ft Est. Value

Last Sold September 09, 2014

Last sale price $37,500 $22 Per Sq Ft

Est. 557% increase in value since last sale

Current estimated payment $1,475/month

111 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Lake Property
  • Whirlpool Bathtub
  • Prairie Heights Senior High School Rated 9+
  • Partially Wooded Lot
  • 1 Car Attached Garage

About This Home

As of September 2014

Affordable and great opportunity to own a year round lake home at a wonderful fishing lake in NE Indiana near Angola. Home has 3 spacious bedrooms, den and 2 full bathrooms. A short walk from the home to the lake access area. The upper level has a huge bathroom with a large vanity, a jetted whirlpool tub and the bath was updated. Home has a living room, dining room and a kitchen. There is a pass through opening with a counter between the kitchen and the living room. The dining room has a lattice accenting the ceiling. There is a stove and refrigerator included but not warranted. Property is sold as is and priced accordingly. What a great country property that is on a sewer system and not septic. This home needs TLC but it is priced accordingly. Lower level has the back door to walkout into the large back yard and has the door to the attached garage. Dining room has a deck outside the sliding glass door. A basement is under the main floor so there is 4 levels. Plumbing does not hold pressure. West Otter Lake offers wonderful fishing and many hours of relaxation and fishing. All situated on a large lot with many tall oak trees. Easy east west access on US Highway 20 for using this as your weekend lake get away. One car garage has metal overhead door.

Last Agent to Sell the Property

Sharon White

Premier Inc., REALTORS Listed on: 04/22/2014

Last Buyer's Agent

Nancy Weigelt

The Douglass Home Team, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $713

Year Built

  • Built in 1980

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 75x232
  • Partially Wooded Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Tri-Level Property
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • Woodwork
  • Ceiling Fan
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Whirlpool Bathtub

Partially Finished Basement

  • Walk-Out Basement
  • 1 Bathroom in Basement
  • Crawl Space

Outdoor Features

  • Deeded Waterfront Access Rights
  • Access To Lake
  • Lake Property
  • Lake, Pond or Stream

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well

Listing and Financial Details

  • Assessor Parcel Number 76-05-29-240-119.000-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$713

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1980
  • Age: 34
  • Style: Tri-Level
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Boyers 1st Add to 2nd Add Lot 31 & Int IN 05-29-240-111.000-05
  • Parcel Number ID: 76-05-29-240-119.000-005
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Deck Open, Jet Tub, Natural Woodwork
  • Cross Street: Bronson Street/IN327
  • Legal Description2: Boyers 1st Add to 2nd Add Lot 32& Int IN 05-29-240-111.000-05
  • Location: Lake
  • Sp Lp Percent: 93.98
  • Special Features: None

Interior Features

  • Total Sq Ft: 2100
  • Total Finished Sq Ft: 1740
  • Above Grade Finished Sq Ft: 1440
  • Below Grade Finished Sq Ft: 300
  • Below Grade Sq Ft: 360
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Walk-Out Basement
  • Flooring: Carpet
  • Living Great Room: Dimensions: 11x22, On Level: Main
  • Kitchen: Dimensions: 9x11, On Level: Main
  • Dining Room: Dimensions: 9x12, On Level: Main
  • Extra Room: Dimensions: 11x12, On Level: Lower
  • Bedroom 1: Dimensions: 9x14, On Level: Upper
  • Bedroom 2: Dimensions: 11x12, On Level: Upper
  • Bedroom 3: Dimensions: 11x11, On Level: Upper
  • Bedroom 4: Dimensions: 9x11, On Level: Lower
  • Main Level Sq Ft: 480
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Total Below Grade Sq Ft: 660

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: Shed, Dimensions: 8x8
  • Lake Type: Non Ski Lake
  • Water Features: Walk to Lake Access, Deeded
  • Water Name: West Otter Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 11x28
  • Garage Sq Ft: 308

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Well
  • Laundry: Dimensions: 5xUpper, On Level: 7
  • Water Type: Lake
  • Well Type: Private

Schools

  • School District: Prairie Heights Community
  • Elementary School: Prairie Heights
  • Middle School: Prairie Heights
  • High School: Prairie Heights

Lot Info

  • Lot Description: Partially Wooded
  • Lot Dimensions: 75X232
  • Estimated Lot Sq Ft: 17400
  • Estimated Lot Size Acres: 0.3994
  • Lot Number: 31

Tax Info

  • Annual Taxes: 713.48
  • Exemptions: Homestead, Mortgage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2014
Closed on
Sep 5, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Smith Jerry and Smith Arletta
Seller's Agent
Sharon White
Premier Inc., REALTORS
Buyer's Agent
Nancy Weigelt
The Douglass Home Team, LLC
List Price
$69,900
Sold Price
$37,500
Premium/Discount to List
-$32,400
-46.35%
Current Estimated Value
$246,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,897
Avg. Annual Appreciation
18.82%
Original Mortgage
$28,500
Outstanding Balance
$16,315
Interest Rate
4.11%
Mortgage Type
Unknown
Estimated Equity
$230,642

Purchase Details

Closed on
Mar 27, 2014
Sold by
Carnahan John D
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Jerry -- None Available
Federal Home Loan Mortgage Corporation $49,644 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Jerry $28,500
Previous Owner Carnahan John D $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2014 09/09/14 Sold $37,500 -46.4% $22 / Sq Ft
08/11/2014 08/11/14 Pending -- -- --
04/22/2014 04/22/14 For Sale $69,900 -- $40 / Sq Ft
Source: Indiana Regional MLS

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 $1,509 $178,300 $17,200 $161,100
2023 $1,315 $150,800 $17,400 $133,400
2022 $1,277 $139,600 $16,100 $123,500
2021 $1,272 $128,900 $15,600 $113,300
2020 $1,267 $124,200 $14,600 $109,600
2019 $971 $94,800 $18,700 $76,100
2018 $951 $91,800 $18,700 $73,100
2017 $769 $90,700 $18,700 $72,000
2016 $751 $89,900 $18,700 $71,200
2014 $740 $90,700 $18,700 $72,000
2013 $740 $91,400 $18,700 $72,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201413681

Indiana Regional MLS

APN: 76-05-29-240-119.000-005