NOT LISTED FOR SALE

28 Ems R2a Ln Pierceton, IN 46562

Estimated Value: $182,000 - $236,000

2 Beds
1 Bath
1,332 Sq Ft
$156/Sq Ft Est. Value

Last Sold June 29, 2022

Last sale price $200,000 $150 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,241/month

40 Days on Market

Highlights

  • 72 Feet of Waterfront
  • Lake Property
  • Eat-In Kitchen
  • Pier or Dock
  • 2 Car Detached Garage
  • Fireplace in Basement

About This Home

As of June 2022

Enjoy the quiet rural setting next to 127 acre Riding Lake. This lakefront cottage is located on a large hillside lot with overlook of the peaceful waters of the lake from either of the newly installed decks. The cottage has a large eat in kitchen, office/den, 2 bedrooms, 2 car detached garage. and large off-street parking. Pier is included. New well.

Last Agent to Sell the Property

Ron Shipley

ERA Crossroads Listed on: 05/13/2022

Last Buyer's Agent

Teresa Bakehorn

Our House Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,632

Year Built

  • Built in 1930

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 45 x 250
  • 72 Feet of Waterfront
  • Lake Front
  • Rural Setting
  • Irregular Lot
  • Sloped Lot
  • Property is zoned R1

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Cabin
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Laminate Flooring
  • Water Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Finished Basement

  • Walk-Out Basement
  • Fireplace in Basement
  • Block Basement Construction

Outdoor Features

  • Lake Property
  • Lake, Pond or Stream

Schools

  • Pierceton Elementary School
  • Whitko Middle School
  • Whitko High School

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Space Heater
  • Propane
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • Pier or Dock

Listing and Financial Details

  • Assessor Parcel Number 43-12-01-300-285.000-029

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,632

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1930
  • Age: 92
  • Style: One Story
  • Architectural Style: Cabin/Cottage
  • Total Number of Rooms: 6
  • Total Number of Rooms Below Grade: 3
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 009-003-035 Stp E Pt E 1/2 Se 2-32-7 .25A
  • Parcel Number ID: 43-12-01-300-285.000-029
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Eat-In Kitchen
  • Grid: 15 - Central Kosc. Water
  • Improvmnts In Last5 Yrs: Yes
  • Location: Lake, Rural
  • Sp Lp Percent: 95.28
  • County Zoning: R1
  • Year Taxes Payable: 2022
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1344
  • Total Finished Sq Ft: 1332
  • Above Grade Finished Sq Ft: 672
  • Below Grade Finished Sq Ft: 660
  • Below Grade Sq Ft: 12
  • Price Per Sq Ft: 297.62
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement, Finished
  • Basement Material: Block
  • Fireplace: Gas Log, Basement
  • Flooring: Laminate
  • Living Great Room: Dimensions: 24x12, On Level: Main
  • Kitchen: Dimensions: 22x14, On Level: Basement
  • Extra Room: Office/den, Dimensions: 12x10, On Level: Basement
  • Bedroom 1: Dimensions: 11x10, On Level: Main
  • Bedroom 2: Dimensions: 10x9, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 672

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Shingle
  • Outbuilding1: None
  • Lake Type: Non Ski Lake
  • Water Features: Pier/Dock
  • Water Frontage: 72
  • Water Name: Ridinger Lake

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 26x24
  • Garage Sq Ft: 624
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Window, Multiple Cooling Units
  • Heating Fuel: Propane, Space
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: REMC
  • Water Type: Lake
  • Well Type: Private

Schools

  • School District: Whitko
  • Elementary School: Pierceton
  • Middle School: Whitko
  • High School: Whitko
  • Elementary School: Pierceton

Lot Info

  • Lot Description: Irregular, Slope, Waterfront, 0-2.9999, Lake, Water View, Waterfront-Level Bank
  • Lot Dimensions: 45 x 250
  • Estimated Lot Sq Ft: 11205
  • Estimated Lot Size Acres: 0.25

Tax Info

  • Annual Taxes: 1631.72

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: Whitko
  • Middle School: Whitko
  • School District: Whitko

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Jun 29, 2022
Sold by
Vance Stephen P and Vance Gwen E
Bought by
Price Lee Allen and Price Diana
Seller's Agent
Ron Shipley
ERA Crossroads
Buyer's Agent
Teresa Bakehorn
Our House Real Estate
List Price
$239,900
Sold Price
$200,000
Premium/Discount to List
-$39,900
-16.63%
Current Estimated Value
$207,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,821
Avg. Annual Appreciation
3.78%
Original Mortgage
$190,000
Outstanding Balance
$182,079
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$42,381

Purchase Details

Listed on
Apr 19, 2018
Closed on
Jun 1, 2018
Sold by
Michael
Bought by
Stephen and Gwen
Seller's Agent
Ron Shipley
ERA Crossroads
Buyer's Agent
Ron Shipley
ERA Crossroads
List Price
$82,500
Sold Price
$82,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.24%
Original Mortgage
$74,250
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Price Lee Allen $200,000 Hardig Edward W
Stephen $82,500 --
Vance Stephen P $82,500 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Price Lee Allen $190,000
Previous Owner Vance Stephen P $74,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $200,000 -4.7% $150 / Sq Ft
06/02/2022 06/02/22 Price Changed $209,900 -6.7% $158 / Sq Ft
05/20/2022 05/20/22 Price Changed $224,900 -6.3% $169 / Sq Ft
05/13/2022 05/13/22 For Sale $239,900 +190.8% $180 / Sq Ft
06/01/2018 06/01/18 Sold $82,500 0.0% $62 / Sq Ft
05/24/2018 05/24/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $82,500 -- $62 / 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 $1,115 $181,400 $31,800 $149,600
2023 $986 $168,000 $29,600 $138,400
2022 $693 $127,600 $26,300 $101,300
2021 $1,627 $111,100 $26,300 $84,800
2020 $1,294 $86,400 $26,500 $59,900
2019 $1,278 $82,100 $25,100 $57,000
2018 $1,235 $76,500 $25,100 $51,400
2017 $1,187 $74,200 $25,100 $49,100
2016 $1,163 $72,800 $25,100 $47,700
2014 $1,312 $78,400 $22,300 $56,100
2013 $1,312 $76,300 $22,300 $54,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202217957

Indiana Regional MLS

APN: 43-12-01-300-285.000-029