NOT LISTED FOR SALE

240 Reed Ln Rochester, IN 46975

Estimated Value: $273,000 - $440,000

2 Beds
2 Baths
1,920 Sq Ft
$177/Sq Ft Est. Value

Last Sold June 21, 2021

Last sale price $301,000 $157 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,833/month

7 Days on Market

Highlights

  • 300 Feet of Waterfront
  • Whirlpool Bathtub
  • Community Fire Pit
  • Cathedral Ceiling
  • Stone Countertops
  • Balcony

About This Home

As of June 2021

Pack your suitcase because that’s all you’ll need for this turn-key piece of paradise! You’ll love this serene 2 bedroom 2 bath log cabin sitting on 2.43 acres on the Tiippecanoe river! The great room boasts a cathedral ceiling opening up to the large loft that has plenty of possibilities. The kitchen and bathrooms have been updated with beautiful cabinets and granite countertops. The large back deck is perfect for entertaining and watching the wildlife! Enjoy the river from the shared access ramp at the west end of the property. Who would need a vacation with a home like this!?

Last Agent to Sell the Property

Britney Diane Powell

Envision Real Estate Team - Rochester Listed on: 05/06/2021

Last Buyer's Agent

Jennifer Wilcox

LAKESHORE RLTRS, INCR

LAKESHORE RLTRS, INCR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,981

Year Built

  • Built in 2001

Lot Details

  • 2.43 Acre Lot
  • 300 Feet of Waterfront
  • River Front
  • Partially Fenced Property
  • Irregular Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Cabin
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Log Siding

Interior Spaces

  • 1.5-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows

Kitchen

  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Whirlpool Bathtub

Finished Basement

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

Home Security

  • Home Security System
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient HVAC

Outdoor Features

  • Sun Deck
  • Balcony
  • Covered Deck

Schools

  • Columbia / Riddle Elementary School
  • Rochester Middle School
  • Rochester High School

Utilities

  • Geothermal Heating and Cooling
  • The river is a source of water for the property
  • Private Water Source
  • Septic System

Community Details

  • Community Fire Pit

Listing and Financial Details

  • Assessor Parcel Number 25-02-36-200-011.013-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,981

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2001
  • Style: One and Half Story
  • Architectural Style: Cabin/Cottage
  • Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: TR N 1/2 E OF RD SE COR NE 1/4 36-31-2.87A. PT N 1/2 E OF RD 36-31-2 .71A. PT N 1/2 E OF RD 36-31-2 .50A
  • Parcel Number ID: 25-02-36-200-011.013-008
  • Platted: Yes
  • Amenities: Alarm System-Security, Balcony, Ceiling-Cathedral, Ceiling Fan(s), Countertops-Stone, Deck Covered, Deck Open, Deck on Waterfront, Detector-Smoke, Disposal, Firepit, Garage Door Opener, Jet Tub, Six Panel Doors, Split Br Floor Plan
  • Improvmnts In Last5 Yrs: Yes
  • Number Below Grade Bedrooms: 1
  • Parcel Id2: 25-02-36-200-011.014-008
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1920
  • Total Finished Sq Ft: 1920
  • Above Grade Finished Sq Ft: 1152
  • Below Grade Finished Sq Ft: 768
  • Basement: Yes
  • Basement Foundation: Finished, Full Basement, Walk-Out Basement
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Laminate, Tile
  • Living Great Room: Dimensions: 14x16, On Level: Main
  • Kitchen: Dimensions: 12x8, On Level: Main
  • Dining Room: Dimensions: 8x8, On Level: Main
  • Family Room: Dimensions: 11x22, On Level: Basement
  • Bedroom 1: Dimensions: 11x14, On Level: Main
  • Bedroom 2: Dimensions: 10x14, On Level: Basement
  • Loft: Dimensions: 15x15, On Level: Upper
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 768

Exterior Features

  • Exterior: Log
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: None
  • Fence: Partial
  • Water Frontage: 300
  • Water Name: Tippecanoe River

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 25x25
  • Garage: Yes

Utilities

  • Cooling: Geothermal
  • Heating Fuel: Geothermal
  • Sewer: Septic
  • Water Utilities: Private
  • Cable Company: DirectTV
  • Hvac: Ceiling Fan, Geothermal Hvac
  • Water Type: River

Schools

  • Elementary School: Columbia / Riddle

Lot Info

  • Lot Description: Irregular, Waterfront, Waterfront-High Bank
  • Lot Dimensions: IRREGULAR
  • Estimated Lot Sq Ft: 105851
  • Estimated Lot Size Acres: 2.43

Green Features

  • Energy Efficient: HVAC, Windows
  • Energy Efficient Windows/Doors: Double Pane Windows

Tax Info

  • Annual Taxes: 1981.04

Multi Family

  • Water Access: Riverfront

MLS Schools

  • High School: Rochester
  • Middle School: Rochester
  • School District: Rochester Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jun 21, 2021
Sold by
Murphy Mark R
Bought by
Wakeland Elaine M
Seller's Agent
Britney Diane Powell
Envision Real Estate Team - Rochester
Buyer's Agent
Jennifer Wilcox
LAKESHORE RLTRS, INCR
List Price
$299,000
Sold Price
$301,000
Premium/Discount to List
$2,000
0.67%
Current Estimated Value
$338,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,921
Avg. Annual Appreciation
2.77%
Interest Rate
2.93%
Source: Public Records

Range of Values:

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Average Value
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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
Wakeland Elaine M $301,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Wakeland Elaine M --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2021 06/21/21 Sold $301,000 +0.7% $157 / Sq Ft
05/06/2021 05/06/21 For Sale $299,000 -- $156 / 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 $703 $181,000 $24,000 $157,000
2023 $649 $153,300 $20,100 $133,200
2022 $770 $153,300 $20,100 $133,200
2021 $876 $149,300 $20,100 $129,200
2020 $1,981 $119,500 $20,100 $99,400
2019 $1,727 $111,900 $20,100 $91,800
2018 $1,686 $104,900 $20,100 $84,800
2017 $1,604 $104,500 $20,100 $84,400
2016 $1,697 $105,600 $20,100 $85,500
2014 $1,422 $106,200 $20,100 $86,100
2013 $1,422 $105,200 $20,100 $85,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202115939

Indiana Regional MLS

APN: 25-02-36-200-013.000-008