NOT LISTED FOR SALE

Estimated Value: $921,000 - $1,150,000

5 Beds
4.5 Baths
6,801 Sq Ft
$156/Sq Ft Est. Value

Last Sold November 02, 2022

Last sale price $975,000 $143 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $7,048/month

31 Days on Market

Highlights

  • Primary Bedroom Suite
  • Waterfront
  • Fireplace in Bedroom
  • Homestead Senior High School Rated A
  • Craftsman Architecture
  • Lake, Pond or Stream

About This Home

As of November 2022

Custom built by Arbor Homes. For comp purposes only

Last Agent to Sell the Property

UPSTAR NonMember

Non-Member Office Listed on: 10/01/2022

Last Buyer's Agent

Erin Poiry

Mike Thomas Assoc., Inc

Mike Thomas Assoc., Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,087

Year Built

  • Built in 2022

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 138.11x104.47x106.64x138.57x28.96x25.95
  • Waterfront
  • Cul-De-Sac

Parking

  • 3.5 Car Attached Garage

Home Design

  • Craftsman Architecture
  • Slab Foundation
  • Masonry Siding
  • Cement Board or Planked
  • Masonry

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • 2 Fireplaces
  • Water Views
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet

Attic

  • Storage In Attic
  • Pull Down Stairs to Attic

Basement

  • Sump Pump
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement
  • Natural lighting in basement

Schools

  • Covington Elementary School
  • Woodside Middle School
  • Homestead High School

Additional Features

  • Lake, Pond or Stream
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 02-11-08-427-012.000-038

Community Details

Overview

  • Mercato Subdivision

Recreation

  • Waterfront Owned by Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,087

Year Built

Built in 2022

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2022
  • Style: Two Story
  • Architectural Style: Craftsman
  • Total Number of Rooms: 21
  • Total Number of Rooms Below Grade: 6
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 5
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 1
  • Legal Description: Mercato Section 1 Lot 12
  • Parcel Number ID: 02-11-08-427-012.000-038
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Attic Pull Down Stairs, Attic Storage, Closet(s) Walk-in, Countertops-Solid Surf, Eat-In Kitchen, Main Level Bedroom Suite, Main Floor Laundry, Sump Pump
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2022
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Total Sq Ft: 6851
  • Total Finished Sq Ft: 6801
  • Above Grade Finished Sq Ft: 3829
  • Below Grade Finished Sq Ft: 2972
  • Below Grade Sq Ft: 50
  • Price Per Sq Ft: 254.64
  • Basement: Yes
  • Basement Foundation: Slab, Daylight
  • Number Of Fireplaces: 2
  • Fireplace: Extra Rm, Living/Great Rm
  • Fireplace: Yes
  • Living Great Room: Dimensions: 18x17, On Level: Main
  • Kitchen: Dimensions: 17x12, On Level: Main
  • Dining Room: Dimensions: 16x19, On Level: Main
  • Family Room: Dimensions: 20x16, On Level: Basement
  • Den: Dimensions: 11x12, On Level: Main
  • Recreation Room: Dimensions: 17x15, On Level: Basement
  • Extra Room: Home Gym, Dimensions: 15x14, On Level: Basement
  • Bedroom 1: Dimensions: 15x16, On Level: Main
  • Bedroom 2: Dimensions: 13x13, On Level: Upper
  • Bedroom 3: Dimensions: 13x11, On Level: Upper
  • Bedroom 4: Dimensions: 13x15, On Level: Upper
  • Bedroom 5: Dimensions: 14x13, On Level: Basement
  • Other Room1: Downstairs Bar Room, Dimensions: 32x18, On Level: Basement
  • Other Room 2: Four Seasons Room, Dimensions: 17x16, On Level: Main
  • Other Room 3: Mudroom, Dimensions: 9x10, On Level: Main
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 3022

Exterior Features

  • Exterior: Masonry, Cement Board
  • Outbuilding1: None
  • Water Features: Assoc

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 3.5
  • Garage Size: Dimensions: 24x38
  • Garage Sq Ft: 912
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Laundry: Dimensions: Mainx10, On Level: 12
  • Water Type: Pond

Schools

  • School District: MSD of Southwest Allen Cnty
  • Elementary School: Covington
  • Middle School: Woodside
  • High School: Homestead
  • Elementary School: Covington

Lot Info

  • Lot Description: Cul-De-Sac, Waterfront, Water View
  • Lot Dimensions: 138.11x104.47x106.64x138.57x28.96x25.95
  • Estimated Lot Sq Ft: 17424
  • Estimated Lot Size Acres: 0.4
  • Lot Number: 12

Tax Info

  • Exemptions: Homestead

MLS Schools

  • High School: Homestead
  • Middle School: Woodside
  • School District: MSD of Southwest Allen Cnty

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2022
Sold by
Arbor Home Building Corporation
Bought by
Faust David T and Faust Elizabeth K
Current Estimated Value
$1,060,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$823,500
Interest Rate
3.45%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 18, 2022
Sold by
Arbor Home Building Corp
Bought by
Faust David T and Faust Elizabeth K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$823,500
Interest Rate
3.45%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 23, 2020
Sold by
Mercato Development Llc
Bought by
Arbor Home Building Corporation

Purchase Details

Closed on
Feb 3, 2020
Sold by
Konkle Gary N and Konkle Sharon M
Bought by
Leo James F and Leo Andrea M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Faust David T -- Renaissance Title
Faust David T -- Renaissance Title
Arbor Home Building Corporation $264,800 Renaissance Title
Leo James F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Faust David T $823,500
Closed Faust David T $823,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2022 11/02/22 Sold $975,000 0.0% $143 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
10/01/2022 10/01/22 For Sale $975,000 -- $143 / 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 $17,087 $1,076,500 $140,100 $936,400
2023 $17,037 $1,084,000 $140,100 $943,900
2022 $1,952 $140,100 $140,100 $0
2021 $15 $1,000 $1,000 $0
2020 $65 $1,000 $1,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202245686

Indiana Regional MLS

APN: 02-11-08-427-012.000-038