NOT LISTED FOR SALE

2502 E Shore Ln Culver, IN 46511

Estimated Value: $2,642,000 - $4,493,000

8 Beds
5 Baths
4,540 Sq Ft
$724/Sq Ft Est. Value

Last Sold July 28, 2017

Last sale price $1,600,000 $352 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $20,731/month

27 Days on Market

Highlights

  • 80 Feet of Waterfront
  • Lake, Pond or Stream
  • Covered patio or porch
  • Pier or Dock
  • Wood Flooring
  • 4 Car Detached Garage

About This Home

As of July 2017

Lots of possibilities with this 8 bedroom, 5 bath home on East Shore Lane. Very solid home. Just needs updated. Great lot with 80' of frontage. Plenty of room to entertain outdoors. Also included is a large garage across the road with second story storage. Parking wont be a problem with this property. Plenty of parking on both sides of the road.

Last Listed By

Shawn Reed

COLLINS and CO. REALTORS - CULVER Listed on: 06/24/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,718

Year Built

  • Built in 1964

Lot Details

  • 0.45 Acre Lot
  • 80 Feet of Waterfront
  • Lake Front
  • Level Lot
  • Irrigation

Parking

  • 4 Car Detached Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 4,540 Sq Ft Home
  • 2-Story Property
  • Bar
  • Ceiling height of 9 feet or more
  • Living Room with Fireplace
  • Crawl Space
  • Breakfast Bar
  • Laundry on main level

Flooring

  • Wood
  • Carpet
  • Slate Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms

Outdoor Features

  • Waterski or Wakeboard
  • Seawall
  • Lake, Pond or Stream
  • Covered patio or porch

Utilities

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

Community Details

  • Pier or Dock

Listing and Financial Details

  • Assessor Parcel Number 50-21-27-000-132.000-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,718

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1964
  • Age: 53
  • Style: Two Story
  • Total Number of Rooms: 12
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: On file
  • Parcel Number ID: 50-21-27-000-132.000-013
  • Platted: Yes
  • Amenities: Bar, Breakfast Bar, Ceiling-9+, Irrigation System, Patio Covered, Main Floor Laundry
  • Parcel Id2: 502127000029000013
  • Sp Lp Percent: 107.38
  • Special Features: None

Interior Features

  • Total Sq Ft: 4540
  • Total Finished Sq Ft: 4540
  • Above Grade Finished Sq Ft: 4540
  • Basement Foundation: Crawl
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm
  • Flooring: Hardwood Floors, Carpet, Slate
  • Bedroom 1: Dimensions: 15x15, On Level: Main
  • Bedroom 2: Dimensions: 12x12, On Level: Main
  • Bedroom 3: Dimensions: 12x12, On Level: Upper
  • Bedroom 4: Dimensions: 12x12, On Level: Upper
  • Bedroom 5: Dimensions: 14x12, On Level: Upper
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Brick, Wood
  • Outbuilding1: None
  • Lake Type: Ski Lake
  • Sea Wall Type: Concrete
  • Water Features: Pier/Dock
  • Water Frontage: 80
  • Water Name: Lake Maxinkuckee

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Detached
  • Garage Number Of Cars: 4
  • Garage Size: Dimensions: 42x28
  • Garage Sq Ft: 1176

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Private
  • Water Utilities: Well
  • Gas Company: NIPSCO
  • Water Type: Lake
  • Well Type: Private

Schools

  • School District: Culver Community Schools Corp.
  • Elementary School: Culver
  • Middle School: Culver
  • High School: Culver

Lot Info

  • Lot Description: Level, Waterfront
  • Lot Dimensions: 78x160,60x120
  • Estimated Lot Sq Ft: 19602
  • Estimated Lot Size Acres: 0.45

Tax Info

  • Annual Taxes: 14718

Multi Family

  • Water Access: Lakefront

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2017
Closed on
Sep 26, 2017
Sold by
Elwood Michael and Elwood Christine
Bought by
Elwood Michael D and Elwood Christine
Seller's Agent
Shawn Reed
COLLINS and CO. REALTORS - CULVER
Buyer's Agent
Shawn Reed
COLLINS and CO. REALTORS - CULVER
List Price
$1,490,000
Sold Price
$1,600,000
Premium/Discount to List
$110,000
7.38%
Total Days on Market
27
Current Estimated Value
$3,288,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,688,752
Avg. Annual Appreciation
8.03%
Original Mortgage
$1,197,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 24, 2017
Closed on
Jul 25, 2017
Sold by
Suverkrup Frank Edward and Suverkrup Beverly Purdy
Bought by
Elwood Michael and Elwood Christine
Seller's Agent
Shawn Reed
COLLINS and CO. REALTORS - CULVER
Buyer's Agent
Shawn Reed
COLLINS and CO. REALTORS - CULVER
List Price
$1,490,000
Sold Price
$1,600,000
Premium/Discount to List
$110,000
7.38%

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
Elwood Michael D -- None Available
Elwood Michael -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Elwood Michael D $3,400,000
Closed Elwood Michael D $1,197,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2017 07/28/17 Sold $1,600,000 +7.4% $352 / Sq Ft
07/21/2017 07/21/17 Pending -- -- --
06/24/2017 06/24/17 For Sale $1,490,000 -- $328 / 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 $28,919 $2,778,700 $1,592,000 $1,186,700
2022 $28,919 $2,570,700 $1,471,900 $1,098,800
2021 $20,494 $2,406,900 $1,471,900 $935,000
2020 $22,237 $1,747,900 $1,138,300 $609,600
2019 $15,635 $1,343,200 $1,105,100 $238,100
2018 $14,614 $1,246,400 $1,105,100 $141,300
2017 $11,952 $1,234,600 $1,105,100 $129,500
2016 $11,894 $1,260,100 $1,127,700 $132,400
2014 $12,832 $1,357,400 $1,211,200 $146,200
Source: Public Records

Agents Affiliated with this Home

  • Shawn Reed

    Seller's Agent in 2017

    Shawn Reed

    COLLINS and CO. REALTORS - CULVER

    (574) 229-6699

    108 Total Sales

    Shawn Reed
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Map

Source: Indiana Regional MLS

MLS Number: 201734062

Indiana Regional MLS

APN: 50-21-27-000-132.000-013

Indiana Marshall County Culver 46511

2502 E Shore Ln, Culver, IN

Homes for Sale in Culver, IN

This home is located at 2502 E Shore Ln, Culver, IN 46511 since 24 June 2017 and is currently estimated at $3,288,752, approximately $724 per square foot. This property was built in 1964. 2502 E Shore Ln is a home located in Marshall County with nearby schools including Culver Elementary School, Culver Community Middle/High School, and Culver Academies.

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.