$200,000
SOLD SEP 27, 2024

285 Ems B1 Ln Leesburg, IN 46538

2 Beds
1 Bath
1,115 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$179 Per Sq Ft

31% Below List Price

40 Days on Market

Highlights

  • 45 Feet of Waterfront
  • Lake Property
  • 1.5 Car Attached Garage
  • Pier or Dock
  • Ranch Style House
  • Forced Air Heating and Cooling System

About This Home

As of September 2024

Lake front property located on Barbee Lake. Barbee Lake is a Ski Lake and accessible to 6 other fishing lakes. This property is a little over 1000 sq. ft. with two bedrooms, 1 bath, attached garage, long pier, and a sunroom overlooking the lake. This is an estate sale, and the property is being sold as is. Property does need some work.

Last Agent to Sell the Property

Timothy Hatcher

Hatcher Real Estate LLC Brokerage Phone: 574-267-0013 Listed on: 08/16/2024

Last Buyer's Agent

Heather Sumner

eXp Realty, LLC

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,083

Year Built

  • Built in 1938

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 45x168
  • 45 Feet of Waterfront
  • Lake Front

Parking

  • 1.5 Car Attached Garage
  • Stone Driveway
  • Off-Street Parking

Home Design

  • Ranch Style House
  • Shingle Roof
  • Metal Siding

Interior Spaces

  • 1,115 Sq Ft Home
  • Crawl Space
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Waterski or Wakeboard
  • Seawall
  • Lake Property
  • Lake, Pond or Stream

Schools

  • Syracuse Elementary School
  • Wawasee Middle School
  • Wawasee High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Well

Community Details

  • Pier or Dock

Listing and Financial Details

  • Assessor Parcel Number 43-08-27-400-615.000-023
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,083

Year Built

Built in 1938

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1938
  • Age: 86
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 7
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 005-106-098 45 Ft Lakefront S Pt E 1/2 Ne 27-33-7 .30A
  • Parcel Number ID: 43-08-27-400-615.000-023
  • Platted: Yes
  • Amenities: Deck Open, Main Floor Laundry
  • Location: Lake
  • Sp Lp Percent: 68.97
  • Year Taxes Payable: 2025
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1115
  • Total Finished Sq Ft: 1115
  • Above Grade Finished Sq Ft: 1115
  • Price Per Sq Ft: 179.37
  • Basement Foundation: Crawl
  • Living Great Room: Dimensions: 13x10, On Level: Main
  • Kitchen: Dimensions: 13x12, On Level: Main
  • Dining Room: Dimensions: 12x10, On Level: Main
  • Den: Dimensions: 9x8, On Level: Main
  • Bedroom 1: Dimensions: 9x8, On Level: Main
  • Bedroom 2: Dimensions: 9x8, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Metal
  • Roof Material: Shingle
  • Outbuilding1: None
  • Lake Type: Ski Lake
  • Sea Wall Type: Concrete
  • Water Features: Pier/Dock
  • Water Frontage: 45
  • Water Name: Barbee Lake

Garage/Parking

  • Driveway: Stone
  • Garage Type: Attached
  • Garage Number Of Cars: 1.5
  • Garage Size: Dimensions: 25x16
  • Garage Sq Ft: 400
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air, Propane Tank Rented
  • Sewer: Public
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx4, On Level: 7
  • Water Type: Lake
  • Well Type: Unknown

Schools

  • School District: Wawasee
  • Elementary School: Syracuse
  • Middle School: Wawasee
  • High School: Wawasee
  • Elementary School: Syracuse

Lot Info

  • Lot Description: Waterfront
  • Lot Dimensions: 45x168
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Tax Info

  • Annual Taxes: 1083
  • Exemptions: Homestead, Vet

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: Wawasee
  • Middle School: Wawasee
  • School District: Wawasee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Sep 27, 2024
Sold by
Nathan F Mccorkle Revocable Trust and Everts Elizabeth A
Bought by
Koon Nicholas and Koon Elizabeth
Seller's Agent
Timothy Hatcher
Hatcher Real Estate LLC
Buyer's Agent
Heather Sumner
eXp Realty, LLC
List Price
$290,000
Sold Price
$200,000
Premium/Discount to List
-$90,000
-31.03%
Views
14
Current Estimated Value
$203,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,333
Avg. Annual Appreciation
-1.33%
Original Mortgage
$160,000
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2023
Sold by
Mccorkle Nathan F
Bought by
Nathan F Mccorkle Revocable Living Trust and Mccorkle
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $200,000 Fidelity National Title
Warranty Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $518,700 Credit Line Revolving
Closed $160,000 New Conventional
Previous Owner $100,000 New Conventional
Previous Owner $100,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Sold $200,000 -31.0% $179 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $290,000 -- $260 / 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 $1,225 $247,900 $151,300 $96,600
2023 $1,083 $227,300 $138,500 $88,800
2022 $1,004 $197,700 $120,600 $77,100
2021 $854 $170,600 $107,700 $62,900
2020 $776 $164,400 $106,200 $58,200
2019 $724 $158,200 $102,100 $56,100
2018 $621 $151,100 $97,500 $53,600
2017 $617 $148,300 $97,500 $50,800
2016 $515 $144,500 $97,500 $47,000
2014 $553 $142,000 $97,500 $44,500
2013 $553 $138,900 $97,500 $41,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202431172

Indiana Regional MLS

APN: 43-08-27-400-615.000-023