Seller's Agent in 2026
Andy Sheets
Compass Indiana, LLC
(317) 373-3434
133 Total Sales
18 Point Ln Arcadia, IN 46030
4
Beds
2.5
Baths
3,391
Sq Ft
3.77
Acres Lot
Highlights
- Lake Front
- Water Access
- Updated Kitchen
- Docks
- Boat Slip
- Lake Privileges
About This Home
As of May 2026Welcome to a truly special offering-set on 3.77 acres with an unbelievable 673 feet of water frontage! This is one of the largest and most dramatic lots on Morse Reservoir, perfectly positioned on a prominent point that delivers panoramic views, unbeatable sunsets, and a front-row seat to the July 4th fireworks. Situated in a peaceful idle zone, it's ideal for kayaking, paddle boarding, and floating, with calm waters all around-yet just a short boat ride to the main water sports area when you're ready for more action. The home itself has a contemporary, architectural vibe-not your average lake house! Approx. 3,500 square feet with 4 bedrooms. Two main-floor bedrooms were opened up to create one large suite, but the seller is willing to reinstall the wall with an acceptable offer to restore the original 4-bedroom layout. Features include a striking two-sided fireplace in the great room, an updated kitchen, 3 car garage, a new water heater, and an energy-efficient geothermal system. You'll also love the abundant deck space-perfect for entertaining or simply soaking in the views. Outside, enjoy a composite dock with boat lift and one of the most impressive lakefront settings Morse has to offer. This is a rare opportunity to own a truly one-of-a-kind property that combines acreage and water frontage -in one unforgettable package.
Last Agent to Sell the Property
Compass Indiana, LLC Brokerage Email: andy@soldbysheets.com License #RB14042313 Listed on: 07/01/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,622
Year Built
- Built in 1987 | Remodeled
Lot Details
- 3.77 Acre Lot
- Lake Front
- Reservoir Front
- Mature Trees
Parking
- 3 Car Attached Garage
Home Design
- Contemporary Architecture
- Cement Siding
Interior Spaces
- 2-Story Property
- Woodwork
- Vaulted Ceiling
- Paddle Fans
- Wood Burning Fireplace
- Free Standing Fireplace
- Two Way Fireplace
- Fireplace Features Masonry
- Entrance Foyer
- Great Room with Fireplace
- Combination Kitchen and Dining Room
- Lake Views
- Crawl Space
- Laundry on main level
Kitchen
- Updated Kitchen
- Convection Oven
- Electric Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Carpet
- Laminate
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
Outdoor Features
- Water Access
- Seawall
- Boat Slip
- Docks
- Lake Privileges
- Deck
- Shed
- Storage Shed
Schools
- Hamilton Heights Elementary School
- Hamilton Heights Middle School
- Hamilton Heights High School
Utilities
- Central Air
- Geothermal Heating and Cooling
- Private Water Source
- Electric Water Heater
- Water Softener is Owned
- High Speed Internet
Community Details
- Property has a Home Owners Association
- Point Subdivision
Listing and Financial Details
- Tax Lot 18
- Assessor Parcel Number 290236000025000008
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 1, 2025
Closed on
May 7, 2026
Sold by
Luthman Thomas
Bought by
Burns Scott and Burns Amy
Seller's Agent
Andy Sheets
Compass Indiana, LLC
Buyer's Agent
Mike Lyons
Keller Williams Indpls Metro N
List Price
$1,275,000
Sold Price
$1,100,000
Premium/Discount to List
-$175,000
-13.73%
Views
422
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.39%
Original Mortgage
$820,500
Outstanding Balance
$820,500
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$290,211
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/08/2026 05/08/26 | Sold | $1,100,000 | -8.3% | $324 / Sq Ft |
| 04/04/2026 04/04/26 | Pending | -- | -- | -- |
| 07/25/2025 07/25/25 | Price Changed | $1,200,000 | -5.9% | $354 / Sq Ft |
| 07/01/2025 07/01/25 | For Sale | $1,275,000 | -- | $376 / Sq Ft |
Source: MIBOR Broker Listing Cooperative®
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 |
|---|---|---|---|---|
| 2025 | $6,624 | $654,000 | $310,400 | $343,600 |
| 2024 | $6,199 | $609,100 | $310,400 | $298,700 |
| 2023 | $6,199 | $573,800 | $310,400 | $263,400 |
| 2022 | $6,328 | $542,900 | $299,000 | $243,900 |
| 2021 | $6,236 | $522,400 | $299,000 | $223,400 |
| 2020 | $6,067 | $522,400 | $299,000 | $223,400 |
| 2019 | $5,557 | $488,100 | $270,800 | $217,300 |
| 2018 | $5,670 | $488,100 | $270,800 | $217,300 |
| 2017 | $5,641 | $490,800 | $270,800 | $220,000 |
| 2016 | $5,658 | $494,200 | $270,800 | $223,400 |
| 2014 | $5,128 | $443,300 | $223,200 | $220,100 |
| 2013 | $5,128 | $443,700 | $223,200 | $220,500 |
Source: Public Records
Agents Affiliated with this Home
-
Andy Sheets
-
Mike Lyons
Buyer's Agent in 2026
Mike Lyons
Keller Williams Indpls Metro N
(317) 697-1097
263 Total Sales
-
Holly Martin
Buyer Co-Listing Agent in 2026
Holly Martin
Keller Williams Indpls Metro N
(317) 354-7021
23 Total Sales
Map
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22048091
APN: 29-02-36-000-025.000-008
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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