$519,900

12924 N 1225 W Monticello, IN 47960

Estimated payment $2,898/month

Total Views 46,363
3 Beds
3.5 Baths
2,050 Sq Ft
$254 Price per Sq Ft

Highlights

  • 100 Feet of Waterfront
  • Open Floorplan
  • Fireplace in Bedroom
  • Primary Bedroom Suite
  • Lake Property
  • Vaulted Ceiling

About This Home

Just 30 minutes from I-65/SR 43, discover this stunning and fully renovated Lake Freeman waterfront home — the perfect weekend escape or an incredible short-term rental investment! With 75% of available weekends booked since the start of 2025 and $11,800 in future summer reservations, this 3-bedroom, 3.5-bath gem is ready to perform. Step inside and you’re welcomed by rich, thin plank hardwood floors that flow throughout, leading you into the expansive 24x13 primary suite — one of three en suite bedrooms. This suite is a showstopper, featuring vaulted wood ceilings, a gas fireplace, wet bar, and floor-to-ceiling windows with panoramic lake views — the perfect retreat or reading nook. The generous walk-in closet includes built-ins, while the ensuite bath features dual vanities, ample storage, and a garden tub/shower combo. The second main-floor bedroom includes a beautifully renovated en suite bathroom with a faux Carrera tiled shower, a sleek new vanity, and wood-look ceramic tile flooring. The heart of the home, however, is the open-concept lower level, where a wall of windows showcases sweeping lake views and floods the space with natural light. The kitchen is a chef’s dream, outfitted with soft-close custom wood cabinetry, high-end appliances, handcrafted wood backsplash and trim, and stunning concrete countertops, including an oversized island with seating for 8–10 — ideal for entertaining. The adjacent living and dining areas offer flexible layout options and blend seamlessly with the kitchen, creating a warm and social gathering space. Just off the kitchen is the third en suite bedroom, which feels like a boutique hotel suite. Its spa-like bath features a walk-in glass shower with black metal framing, a bench seat, and modern fixtures, plus a spacious closet hidden behind a stylish sliding barn door. Major updates mean peace of mind: metal roof (2022), new well, concrete driveway (room for 3-4 cars to park), retaining wall, and a massive lakefront deck. The serene and private beach offers a cozy firepit area and a brand-new swim dock with a ladder leading into shallow water perfect for swimming — only 3 feet deep near the shore, extending to about 15 feet. Also, this is only a 20 minute walk to the Madam Carroll!! So whether you’re looking for a high-performing Airbnb investment, a gorgeous lakeside getaway, or a combination of both, this Lake Freeman stunner has it all — incredible views, thoughtful updates, and unforgettable charm.

Listing Agent

Gregory Sporre

Keller Williams Lafayette Brokerage Phone: 765-413-0497 Listed on: 06/13/2025

Keller Williams Lafayette

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,957

Year Built

  • Built in 1940

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 107x90
  • 100 Feet of Waterfront
  • Lake Front
  • Backs to Open Ground
  • Landscaped
  • Property is zoned R1

Home Design

  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Vaulted Ceiling
  • Entrance Foyer
  • Great Room
  • Fire and Smoke Detector
  • Basement

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven or Range
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Double Vanity
  • Soaking Tub
  • Bathtub with Shower
  • Garden Bath

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Sun Deck
  • Waterski or Wakeboard
  • Lake Property
  • Lake, Pond or Stream

Schools

  • Oaklawn Elementary School
  • Roosevelt Middle School
  • Twin Lakes High School

Utilities

  • Forced Air Heating and Cooling System
  • Private Water Source
  • Private Sewer
  • Cable TV Available

Community Details

  • Community Fire Pit

Listing and Financial Details

  • Assessor Parcel Number 08-04-03-000-124.000-011
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,957

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1940
  • Style: Two Story
  • Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: 008-06013-00 Oak Grove Camp 23
  • Parcel Number ID: 08-04-03-000-124.000-011
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Breakfast Bar, Cable Available, Ceilings-Vaulted, Closet(s) Walk-in, Countertops-Solid Surf, Deck Open, Deck on Waterfront, Detector-Smoke, Disposal, Dryer Hook Up Electric, Eat-In Kitchen, Firepit, Foyer Entry, Garden Tub, Kitchen Island, Landscaped, Near Walking Trail, Open Floor Plan, Range/Oven Hook Up Elec, Twin Sink Vanity, Wet Bar, Tub/Shower Combination, Main Level Bedroom Suite, Great Room, Main Floor Laundry, Washer Hook-Up
  • Improvmnts In Last5 Yrs: Yes
  • County Zoning: R1
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 2050
  • Total Finished Sq Ft: 2050
  • Above Grade Finished Sq Ft: 2050
  • Basement: Yes
  • Basement Foundation: Slab
  • Number Of Fireplaces: 1
  • Fireplace: 1st Bdrm
  • Fireplace: Yes
  • Living Great Room: Dimensions: 17x16, On Level: Main
  • Kitchen: Dimensions: 32x10, On Level: Main
  • Dining Room: Dimensions: 16x17, On Level: Main
  • Bedroom 1: Dimensions: 24x13, On Level: Main
  • Bedroom 2: Dimensions: 17x10, On Level: Upper
  • Bedroom 3: Dimensions: 15x15, On Level: Upper
  • Main Level Sq Ft: 1401
  • Number of Main Level Full Bathrooms: 2
  • Number of Main Level Half Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None
  • Lake Type: Ski Lake
  • Water Frontage: 100
  • Water Name: Lake Freeman

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: Private
  • Water Utilities: Private
  • Laundry: Dimensions: Mainx4, On Level: 4
  • Water Type: Lake

Schools

  • Elementary School: Oaklawn

Lot Info

  • Lot Description: Waterfront, Lake
  • Lot Dimensions: 107x90
  • Estimated Lot Sq Ft: 11238
  • Estimated Lot Size Acres: 0.258

Tax Info

  • Annual Taxes: 1957

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: Twin Lakes
  • Middle School: Roosevelt
  • School District: Twin Lakes School Corp.

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,081 $327,900 $122,900 $205,000
2023 $107 $198,200 $122,900 $75,300
2022 $107 $40,800 $9,800 $31,000
2021 $93 $33,500 $9,800 $23,700
2020 $90 $31,900 $12,200 $19,700
2019 $85 $31,000 $12,200 $18,800
2018 $176 $40,600 $14,800 $25,800
2017 $152 $40,400 $14,800 $25,600
2016 $171 $44,400 $15,300 $29,100
2014 $171 $40,800 $13,300 $27,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2025 06/13/25 For Sale $519,900 +92.6% $254 / Sq Ft
07/06/2022 07/06/22 Sold $270,000 -1.8% $132 / Sq Ft View Prior Sale
05/16/2022 05/16/22 For Sale $274,900 -- $134 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Klatch Louis
Deed $68,000 --
Deed $81,984 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $365,000 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202522531

Indiana Regional MLS

APN: 08-04-03-000-124.000-011