NOT LISTED FOR SALE

2440 N Sullivan Ct Monticello, IN 47960

Estimated Value: $448,000 - $531,000

2 Beds
1.5 Baths
1,104 Sq Ft
$437/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $277,500 $251 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,971/month

214 Days on Market

Highlights

  • 48 Feet of Waterfront
  • 2 Car Detached Garage
  • 1-Story Property
  • Lake Property
  • In-Law or Guest Suite
  • Landscaped

About This Home

As of April 2020

One of a kind find on main Lake Shafer! Tucked away on a partially wooded lake lot (.42 acre) is the main original cottage and the newer (2014) guest quarters above the 2 car garage. The waterfront includes a permanent covered electric boat lift, 2 docks, large catwalk, storage shed and multiple decks. The main cottage offers 2/3 bedrooms, 1.5 bathrooms, fireplace, open concept, and is on a basement. The efficiency style guest cottage is VERY impressive. It offers 960 sqft, hardwood floors, huge kitchen with breakfast bar, large bathroom with dual vanity and a tiled in shower with glass doors, canned lights, and it's own deck with lake views. Additional perks include ample storage with 2 sheds and a 2 car garage, carport, plenty of parking, covered patio, private setting and a front row seat to the fireworks show on the holiday week-ends. This is a rare find!

Last Agent to Sell the Property

Bart Hickman

REAL ESTATE NETWORK L.L.C Listed on: 09/13/2019

Last Buyer's Agent

Rhonda Hurford

Collins & Company Realtors, Koontz Lake

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,143

Year Built

  • Built in 1920

Lot Details

  • 0.42 Acre Lot
  • 48 Feet of Waterfront
  • Lake Front
  • Landscaped
  • Property is zoned L-1 Lake District, Lake Residence

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Partially Finished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • In-Law or Guest Suite

Outdoor Features

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

Schools

  • East Lawn Elementary School
  • Roosevelt Middle School
  • Twin Lakes High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Private Company Owned Well
  • Well

Listing and Financial Details

  • Assessor Parcel Number 91-73-16-000-021.300-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,143

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1920
  • Age: 100
  • Style: One Story
  • Total Number of Rooms: 6
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 1
  • Legal Description: OUT S/E W NE 16-27-03 .42 N Part of Tract
  • Parcel Number ID: 91-73-16-000-021.300-020
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Deck Open, Deck on Waterfront, Guest Quarters, Landscaped
  • Location: Lake
  • Sp Lp Percent: 89.55
  • Zoning Description: Lake Residence
  • County Zoning: L-1 Lake District
  • Year Taxes Payable: 2020
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1380
  • Total Finished Sq Ft: 1104
  • Above Grade Finished Sq Ft: 1104
  • Below Grade Sq Ft: 276
  • Price Per Sq Ft: 251.36
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Wood Burning, One
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Living Great Room: Dimensions: 23x12, On Level: Main
  • Kitchen: Dimensions: 12x12, On Level: Main
  • Dining Room: Dimensions: 12x9, On Level: Main
  • Den: Dimensions: 10x10, On Level: Main
  • Extra Room: Studio Guest Cottage, Dimensions: 29x33, On Level: Upper
  • Bedroom 1: Dimensions: 11x9, On Level: Main
  • Bedroom 2: Dimensions: 11x9, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 276

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: Shed, Dimensions: 6x10
  • Lake Type: Ski Lake
  • Water Frontage: 48
  • Water Name: Lake Shafer

Garage/Parking

  • Driveway: Asphalt
  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x30
  • Garage Sq Ft: 720
  • Garage: Yes

Utilities

  • Cooling: Window
  • Heating Fuel: Hot Water
  • Sewer: Regional
  • Water Utilities: Well
  • Water Type: Lake
  • Well Type: Private

Schools

  • School District: Twin Lakes School Corp.
  • Elementary School: East Lawn
  • Middle School: Roosevelt
  • High School: Twin Lakes
  • Elementary School: East Lawn

Lot Info

  • Lot Description: Lake, Waterfront-Medium Bank
  • Lot Dimensions: IRR
  • Estimated Lot Sq Ft: 18295
  • Estimated Lot Size Acres: 0.42

Tax Info

  • Annual Taxes: 3143.14

Multi Family

  • Water Access: Lakefront

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2019
Closed on
Apr 14, 2020
Sold by
Jina Tietje
Bought by
Wehrs Scott
Seller's Agent
Bart Hickman
REAL ESTATE NETWORK L.L.C
Buyer's Agent
Rhonda Hurford
Collins & Company Realtors, Koontz Lake
List Price
$309,900
Sold Price
$277,500
Premium/Discount to List
-$32,400
-10.45%
Current Estimated Value
$482,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,158
Avg. Annual Appreciation
9.43%
Original Mortgage
$235,875
Outstanding Balance
$210,652
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$240,769

Purchase Details

Closed on
Jun 26, 2009
Sold by
Joseph Pierri
Bought by
Pierri-Tietje Mark W and Pierri-Tietje Jina M
Source: Public Records

Range of Values:

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Average Value
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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
Wehrs Scott $277,500 Simplifile Lc E-Recording
Pierri-Tietje Mark W $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wehrs Scott $235,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2020 04/24/20 Sold $277,500 -10.5% $251 / Sq Ft
04/14/2020 04/14/20 Pending -- -- --
03/14/2020 03/14/20 For Sale $309,900 +11.7% $281 / Sq Ft
03/14/2020 03/14/20 Off Market $277,500 -- --
09/13/2019 09/13/19 For Sale $309,900 -- $281 / 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 $4,788 $393,700 $148,700 $245,000
2023 $4,537 $393,800 $148,700 $245,100
2022 $4,246 $365,700 $148,700 $217,000
2021 $3,807 $320,400 $148,700 $171,700
2020 $3,606 $300,300 $148,700 $151,600
2019 $3,143 $272,700 $141,300 $131,400
2018 $3,111 $273,700 $141,300 $132,400
2017 $2,904 $272,600 $141,300 $131,300
2016 $2,824 $272,900 $141,300 $131,600
2014 $2,840 $272,200 $141,300 $130,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201940370

Indiana Regional MLS

APN: 91-73-16-000-021.300-020