NOT LISTED FOR SALE

285 W Herron Dr Albion, IN 46701

Estimated Value: $429,000 - $493,000

2 Beds
2.5 Baths
3,720 Sq Ft
$123/Sq Ft Est. Value

Last Sold August 14, 2023

Last sale price $430,000 $116 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,770/month

3 Days on Market

Highlights

  • 263 Feet of Waterfront
  • Lake, Pond or Stream
  • 2 Car Attached Garage
  • Pier or Dock
  • Wood Flooring
  • 1-Story Property

About This Home

As of August 2023

Welcome to this exceptional lakeside sanctuary in Indiana! Situated on a sprawling 1.7-acre lot, this remarkable real estate gem presents a unique opportunity to embrace luxury living amidst nature’s beauty. With its prime location on Barbara Lake, a 92-acre private ski lake, this property offers an unparalleled lakeside lifestyle. Step inside this 2-bedroom, 2.5-bath home and be greeted by the stunning acacia wood floors that adorn the main living areas, exuding warmth and elegance. The open floor plan enhances the spaciousness of the home, allowing for seamless interaction between the various living spaces. On the main floor, the master suite awaits, offering a tranquil haven with its own en-suite bathroom featuring a tile shower. This main floor master ensures both convenience and privacy, catering to your every need. Descend to the walkout basement and discover a world of possibilities. The basement is beautifully designed and includes a bar, creating a perfect setting for entertaining guests or unwinding after a day on the lake. With ample space available, there is the potential to add additional bedrooms, providing flexibility and room for growth. Completing this lower level is a full bathroom, adding convenience and versatility to the space. Beyond the home itself, the expansive 92-acre private ski lake beckons you to indulge in countless water sports and recreational activities. Whether it’s boating, jet skiing, or simply appreciating the serene beauty of the surroundings, this property offers an unrivaled lakeside experience. Immerse yourself in the tranquility and natural splendor of this Indiana lakeside retreat. With the perfect balance of elegant interiors, a vast private ski lake, and the potential for further customization, this property is an exceptional find. Don’t miss the opportunity to make this lakeside oasis your own and create a lifetime of cherished memories. Welcome to your lakeside paradise!

Last Agent to Sell the Property

Heather Culler

Mike Thomas Associates Brokerage Phone: 260-668-8877 Listed on: 06/28/2023

Mike Thomas Associates

Last Buyer's Agent

Jeff Haines

North Eastern Group Realty

North Eastern Group Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,113

Year Built

  • Built in 2001

Lot Details

  • 1.7 Acre Lot
  • Lot Dimensions are 263x244x237x336
  • 263 Feet of Waterfront
  • Lake Front
  • Level Lot

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Poured Concrete
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement

Outdoor Features

  • Waterski or Wakeboard
  • Lake, Pond or Stream

Schools

  • Wolf Lake Elementary School
  • Central Noble Middle School
  • Central Noble High School

Utilities

  • Central Air
  • Heating System Powered By Leased Propane
  • Private Water Source
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 57-19-01-100-036.000-009

Community Details

Overview

  • Chain O Lakes Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,113

Year Built

Built in 2001

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2001
  • Age: 22
  • Style: One Story
  • Total Number of Rooms: 8
  • Total Number of Rooms Below Grade: 3
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: Chain-O-Lakes Estates 4th Add Lt 10
  • Parcel Number ID: 57-19-01-100-036.000-009
  • Platted: Yes
  • Sp Lp Percent: 100.02
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 3720
  • Total Finished Sq Ft: 3720
  • Above Grade Finished Sq Ft: 1860
  • Below Grade Finished Sq Ft: 1860
  • Price Per Sq Ft: 231.18
  • Basement: Yes
  • Basement Foundation: Finished, Full Basement
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood Floors
  • Living Great Room: Dimensions: 18x23
  • Kitchen: Dimensions: 12x13, On Level: Main
  • Dining Room: Dimensions: 10x15, On Level: Main
  • Bedroom 1: Dimensions: 17x13, On Level: Main
  • Bedroom 2: Dimensions: 14x12, On Level: Main
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1860

Exterior Features

  • Exterior: Stone, Vinyl
  • Outbuilding1: 2nd Detached Garage, Dimensions: 20x26
  • Lake Type: Ski Lake
  • Water Features: Pier/Dock
  • Water Frontage: 263
  • Water Name: Barbara Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage Sq Ft: 576
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane Tank Rented
  • Sewer: Septic
  • Water Utilities: Private
  • Water Type: Lake

Condo/Co-op/Association

  • Association Fees: 300
  • Association Fees Frequency: Annually

Schools

  • School District: Central Noble Community
  • Elementary School: Wolf Lake
  • Middle School: Central Noble
  • High School: Central Noble
  • Elementary School: Wolf Lake

Lot Info

  • Lot Description: Level, Waterfront
  • Lot Dimensions: 263x244x237x336
  • Estimated Lot Sq Ft: 74226
  • Estimated Lot Size Acres: 1.704

Tax Info

  • Annual Taxes: 2112.64
  • Exemptions: Homestead, Mortgage, Supplemental

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: Central Noble
  • Middle School: Central Noble
  • School District: Central Noble Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Aug 14, 2023
Sold by
Harvey Lori S
Bought by
Squires Chad L
Seller's Agent
Heather Culler
Mike Thomas Associates
Buyer's Agent
Jeff Haines
North Eastern Group Realty
List Price
$429,900
Sold Price
$430,000
Premium/Discount to List
$100
0.02%
Views
20
Current Estimated Value
$457,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,945
Avg. Annual Appreciation
1.63%

Purchase Details

Closed on
May 19, 2017
Bought by
Harvey Jonathan D and Harvey Lori S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.95%
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
Squires Chad L $430,000 Assurance Title Company
Harvey Jonathan D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harvey Jonathan D $50,000
Previous Owner Harvey Jonathan D $50,000
Closed Harvey Jonathan D $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2023 08/14/23 Sold $430,000 0.0% $116 / Sq Ft
06/28/2023 06/28/23 For Sale $429,900 -- $116 / 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 $2,589 $396,900 $96,400 $300,500
2023 $2,614 $314,500 $46,900 $267,600
2022 $2,113 $307,300 $46,900 $260,400
2021 $1,788 $278,100 $45,400 $232,700
2020 $1,700 $240,300 $37,700 $202,600
2019 $1,561 $231,300 $35,700 $195,600
2018 $1,560 $227,300 $35,700 $191,600
2017 $1,550 $226,400 $35,700 $190,700
2016 $1,402 $215,400 $35,700 $179,700
2014 $1,241 $207,300 $35,700 $171,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202322457

Indiana Regional MLS

APN: 571901100036000009