NOT LISTED FOR SALE

1581 E Schug Rd Columbia City, IN 46725

Estimated Value: $278,000 - $443,317

4 Beds
2.5 Baths
2,520 Sq Ft
$136/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $240,000 $95 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,212/month

100 Days on Market

Highlights

  • In Ground Pool
  • Lake, Pond or Stream
  • 3 Car Attached Garage
  • Waterfront
  • 1 Fireplace
  • 1-Story Property

About This Home

As of April 2023

This is a once-in-a-lifetime opportunity to make this property your dream home. 6.18 acres overlooking Big Cedar on Tri lakes with 1.5 acres of a pond. Come catch some huge big mouth bass and catfish. This four-bedroom ranch with a walkout basement and a second kitchen would be perfect for entertaining family and friends. Huge wood deck out back where you can view Big Cedar, plus your very own private pond on the property. Needs some work inside, but has a brand-new roof. There is also an inground pool, in need of repair or replacement. This could be a great entertainment spot or a great glamping site. The possibilities are limitless.

Last Listed By

Michael VanDeGrift

Keller Williams Realty Group Listed on: 11/01/2022

Keller Williams Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,882

Year Built

  • Built in 1974

Lot Details

  • 6.18 Acre Lot
  • Lot Dimensions are 676x599x435x486
  • Waterfront
  • Irregular Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Water Views
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement
  • 2 Bedrooms in Basement

Outdoor Features

  • In Ground Pool
  • Lake, Pond or Stream

Schools

  • Northern Heights Elementary School
  • Indian Springs Middle School
  • Columbia City High School

Utilities

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

Community Details

  • Community Pool

Listing and Financial Details

  • Assessor Parcel Number 92-03-02-000-338.900-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,882

Year Built

Built in 1974

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1974
  • Age: 49
  • Style: One Story
  • Total Number of Rooms: 9
  • Total Number of Rooms Below Grade: 4
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: Pt Sw4 S2 T32 R9 6.176A Life Estate Of Russell J Ries, Sr
  • Parcel Number ID: 92-03-02-000-338.900-011
  • Platted: Yes
  • Amenities: Disposal
  • Number Below Grade Bedrooms: 2
  • Sp Lp Percent: 96
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2520
  • Total Finished Sq Ft: 2520
  • Above Grade Finished Sq Ft: 1260
  • Below Grade Finished Sq Ft: 1260
  • Price Per Sq Ft: 190.48
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement, Finished
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm
  • Fireplace: Yes
  • Living Great Room: Dimensions: 14x13, On Level: Main
  • Kitchen: Dimensions: 22x13, On Level: Main
  • Family Room: Dimensions: 29x18, On Level: Basement
  • Den: Dimensions: 11x7, On Level: Main
  • Extra Room: Dimensions: 11x10, On Level: Basement
  • Bedroom 1: Dimensions: 15x11, On Level: Main
  • Bedroom 2: Dimensions: 11x11, On Level: Main
  • Bedroom 3: Dimensions: 12x9, On Level: Basement
  • Bedroom 4: Dimensions: 14x12, On Level: Basement
  • 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: 1260

Exterior Features

  • Exterior: Brick, Wood
  • Outbuilding1: Pole/Post Building, Dimensions: 12x24
  • Pool: Below Ground
  • Pool: Yes

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 28x46
  • Garage Sq Ft: 1288
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Well
  • Hvac: Ceiling Fan
  • Laundry: Dimensions: Mainx9, On Level: 6
  • Water Type: Pond
  • Well Type: Private

Schools

  • School District: Whitley CO Cons Schools
  • Elementary School: Northern Heights
  • Middle School: Indian Springs
  • High School: Columbia City
  • Elementary School: Northern Heights

Lot Info

  • Lot Description: Irregular, Waterfront, Water View
  • Lot Dimensions: 676x599x435x486
  • Estimated Lot Sq Ft: 269201
  • Estimated Lot Size Acres: 6.18

Tax Info

  • Annual Taxes: 1882.32

MLS Schools

  • High School: Columbia City
  • Middle School: Indian Springs
  • School District: Whitley CO Cons Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2022
Closed on
Apr 21, 2023
Sold by
Ries Russell J and Li Sharon
Bought by
Findley Daniel P and Findley Ashley N
Seller's Agent
Michael VanDeGrift
Keller Williams Realty Group
List Price
$319,900
Sold Price
$240,000
Premium/Discount to List
-$79,900
-24.98%
Total Days on Market
100
Views
310
Current Estimated Value
$342,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,329
Avg. Annual Appreciation
18.14%
Original Mortgage
$228,000
Outstanding Balance
$223,176
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$119,153
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 Buyer Sale Price Title Company
Findley Daniel P $240,000 Centurion Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Findley Daniel P $48,000
Open Findley Daniel P $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $240,000 -4.0% $95 / Sq Ft
02/21/2023 02/21/23 Price Changed $250,000 -7.4% $99 / Sq Ft
02/19/2023 02/19/23 Pending -- -- --
01/24/2023 01/24/23 Price Changed $270,000 -10.0% $107 / Sq Ft
11/28/2022 11/28/22 Price Changed $299,999 -6.2% $119 / Sq Ft
11/11/2022 11/11/22 For Sale $319,900 -- $127 / 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 $3,565 $273,300 $71,900 $201,400
2023 $2,298 $258,200 $68,900 $189,300
2022 $2,277 $259,500 $63,800 $195,700
2021 $2,161 $225,800 $63,800 $162,000
2020 $1,882 $207,200 $45,900 $161,300
2019 $1,892 $207,400 $45,900 $161,500
2018 $1,864 $198,100 $45,900 $152,200
2017 $1,838 $186,200 $45,900 $140,300
2016 $1,623 $185,100 $45,900 $139,200
2014 $1,457 $177,600 $45,900 $131,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202245187

Indiana Regional MLS

APN: 92-03-02-000-338.900-011