NOT LISTED FOR SALE

1540 Lane 110 West Otter Lake Angola, IN 46703

Estimated Value: $256,393 - $267,000

1 Bed
1 Bath
1,428 Sq Ft
$183/Sq Ft Est. Value

Last Sold April 26, 2021

Last sale price $183,000 $128 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,616/month

25 Days on Market

Highlights

  • 89 Feet of Waterfront
  • Private Beach
  • Lake Property
  • Prairie Heights Senior High School Rated 9+
  • Open Floorplan
  • Backs to Open Ground

About This Home

As of April 2021

Contingent-Accepting Back Up Offers. Far reaching views with 89 ft of lakefront and a nice beach! West Otter Lake is a quiet lake with 118 acres of water surface and great fishing! The home is situated on a level lot and includes a 10x12 storage shed and plenty of parking. Open concept living room, dining room and kitchen with a lakeside screen room and full bathroom. The kitchen has a skylight and all appliances are included. The upper level has 1 private bedroom and a large 13x24 landing currently used as dorm style sleeping. New 5 inch well in 2007, new water softener and water heater in Oct. 2020. New interior paint throughout the home including ceilings and walls in March of 2021. Property is in a flood plain. Flood insurance will be required with a mortgage. A quote for flood insurance was obtained in the amount of $486.88 for 50% or more occupancy. For a 2nd home and less than 50% occupancy quote would be 50% more. If you were to tear down and rebuild, the new structure could be removed from the flood plain.

Last Agent to Sell the Property

Barbara Hendrick

Coldwell Banker Real Estate Group Listed on: 03/29/2021

Coldwell Banker Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,318

Year Built

  • Built in 1968

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 89x100x89x97
  • 89 Feet of Waterfront
  • Lake Front
  • Private Beach
  • Backs to Open Ground
  • Level Lot

Parking

  • Driveway

Home Design

  • Shingle Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1,428 Sq Ft Home
  • 1.5-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Screened Porch
  • Water Views
  • Crawl Space
  • Laminate Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Separate Shower

Outdoor Features

  • Seawall
  • Lake Property
  • Lake, Pond or Stream

Schools

  • Prairie Heights Elementary And Middle School
  • Prairie Heights High School

Utilities

  • Baseboard Heating
  • Private Company Owned Well
  • Well

Community Details

  • Community Fire Pit

Listing and Financial Details

  • Assessor Parcel Number 76-05-29-420-134.000-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,318

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1968
  • Age: 53
  • Style: One and Half Story
  • Total Number of Rooms: 5
  • Bedrooms: 1
  • Number Above Grade Bedrooms: 1
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: W PT N1/2 SE1/4 Sec 29 .12A + IN W PT N1/2 SE1/4 Sec 29 .10A
  • Parcel Number ID: 76-05-29-420-134.000-005
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Countertops-Laminate, Firepit, Open Floor Plan, Porch Screened, Stand Up Shower
  • Location: Lake
  • Parcel Id2: 76-05-29-420-133.000-005
  • Sp Lp Percent: 91.96
  • Year Taxes Payable: 2020/2021
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1428
  • Total Finished Sq Ft: 1428
  • Above Grade Finished Sq Ft: 1428
  • Price Per Sq Ft: 128.15
  • Basement Foundation: Crawl
  • Flooring: Hardwood Floors, Carpet
  • Living Great Room: Dimensions: 19x16, On Level: Main
  • Kitchen: Dimensions: 11x13, On Level: Main
  • Dining Room: Dimensions: 10x10, On Level: Main
  • Extra Room: Screen Porch, Dimensions: 16x12, On Level: Main
  • Bedroom 1: Dimensions: 12x11, On Level: Upper
  • Other Room1: Landing, Dimensions: 13x24, On Level: Upper
  • Other Room 2: Full Bathroom, Dimensions: 9x7, On Level: Main
  • Main Level Sq Ft: 684
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Shingle, Wood
  • Roof Material: Shingle
  • Outbuilding1: Shed, Dimensions: 10x12
  • Lake Type: Non Ski Lake
  • Sea Wall Type: Concrete
  • Water Features: Private Beach
  • Water Frontage: 89
  • Water Name: West Otter Lake

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Heating Fuel: Electric, Baseboard
  • Sewer: Regional
  • Water Utilities: Well
  • Water Type: Lake
  • Well Size: 5 Inches
  • Well Type: Private

Schools

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

Lot Info

  • Lot Description: Level, Waterfront, Lake, Water View
  • Lot Dimensions: 89x100x89x97
  • Estimated Lot Sq Ft: 9148
  • Estimated Lot Size Acres: 0.21

Tax Info

  • Annual Taxes: 1317.59

Multi Family

  • Water Access: Lakefront

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Apr 23, 2021
Sold by
Schroeder Todd E and Schroeder Jennifer M
Bought by
Munroe Michele and Munroe Sarah
Seller's Agent
Barbara Hendrick
Coldwell Banker Real Estate Group
List Price
$199,000
Sold Price
$183,000
Premium/Discount to List
-$16,000
-8.04%
Current Estimated Value
$261,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,098
Avg. Annual Appreciation
8.41%

Purchase Details

Closed on
Jun 28, 2007
Sold by
Williams Perry C and Williams Sara J
Bought by
Schroeder Todd E and Schroeder Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.42%
Mortgage Type
New Conventional
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
Munroe Michele -- None Available
Schroeder Todd E $165,000 Riverbend Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schroeder Todd E $92,000
Previous Owner Schroeder Todd E $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2021 04/26/21 Sold $183,000 -8.0% $128 / Sq Ft
03/29/2021 03/29/21 For Sale $199,000 -- $139 / 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 $2,088 $245,400 $97,600 $147,800
2023 $2,057 $235,900 $93,300 $142,600
2022 $2,127 $232,400 $90,600 $141,800
2021 $1,206 $122,200 $25,600 $96,600
2020 $1,133 $111,100 $23,200 $87,900
2019 $1,179 $115,100 $54,600 $60,500
2018 $1,261 $121,900 $59,000 $62,900
2017 $1,030 $121,700 $59,000 $62,700
2016 $1,010 $121,000 $59,000 $62,000
2014 $1,002 $118,800 $59,000 $59,800
2013 $1,002 $124,100 $59,000 $65,100
Source: Public Records

Agents Affiliated with this Home

  • Barbara Hendrick

    Seller's Agent in 2021

    Barbara Hendrick

    Coldwell Banker Real Estate Group

    (260) 833-4698

    199 Total Sales

    Barbara Hendrick
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Map

Source: Indiana Regional MLS

MLS Number: 202110080

Indiana Regional MLS

APN: 76-05-29-420-134.000-005

Indiana Steuben County Angola 46703

1540 Lane 110 West Otter Lake, Angola, IN

This home is located at 1540 Lane 110 West Otter Lake, Angola, IN 46703 since 29 March 2021 and is currently estimated at $261,098, approximately $182 per square foot. This property was built in 1968. 1540 Lane 110 West Otter Lake is a home located in Steuben County with nearby schools including Prairie Heights Elementary School, Prairie Heights Middle School, and Prairie Heights Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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