NOT LISTED FOR SALE

Estimated Value: $881,000 - $1,288,641

4 Beds
6 Baths
5,909 Sq Ft
$191/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $1,250,000 $212 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $7,052/month

194 Days on Market

Highlights

  • 241 Feet of Waterfront
  • In Ground Pool
  • 1.16 Acre Lot
  • Homestead Senior High School Rated A
  • Primary Bedroom Suite
  • Lake Property

About This Home

As of March 2024

Location, Location, Location! RARE opportunity to own one of the most beautiful lots in all of Southwest Allen County. Sprawling ranch with walkout basement sitting proudly on 1.16 acre lot with over 240 feet of lake frontage with in-ground pool in Covington Lakes Estates. Designed by highly regarded modern architect, Roy McNett. Features include floor to ceiling windows throughout, exquisite beam and trim work, vaulted ceilings, 4 fireplaces, primary suite on main level, stunning views, full bar in basement and large kitchen with pro grade appliances. Pool house has additional 2 fulls baths with custom tile showers with laundry that is perfect for entertaining. 3.5 car garage with extra depth, heat and workshop area. 4 bedrooms (2 on main and 2 in lower level). Professionally landscaped with irrigation system. Zoned heating and air.

Last Agent to Sell the Property

A.J. Sheehe

CENTURY 21 Bradley Realty, Inc Brokerage Phone: 260-705-7887 Listed on: 07/30/2023

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

Carlye Baenen

Coldwell Banker Real Estate Gr

Coldwell Banker Real Estate Gr

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,854

Year Built

  • Built in 1967

Lot Details

  • 1.16 Acre Lot
  • Lot Dimensions are 169x268x128x111x212
  • 241 Feet of Waterfront
  • Rural Setting
  • Landscaped
  • Irrigation

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 3.5 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Shake Roof
  • Wood Roof
  • Stone Exterior Construction
  • Cedar

Interior Spaces

  • 1-Story Property
  • Wet Bar
  • Woodwork
  • Beamed Ceilings
  • Cathedral Ceiling
  • Entrance Foyer
  • Living Room with Fireplace
  • 4 Fireplaces
  • Formal Dining Room
  • Workshop
  • Water Views
  • Fire and Smoke Detector
  • Laundry on main level

Kitchen

  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Double Vanity
  • Bathtub With Separate Shower Stall

Finished Basement

  • Walk-Out Basement
  • Sump Pump
  • Fireplace in Basement
  • 1 Bathroom in Basement
  • 2 Bedrooms in Basement
  • Crawl Space

Outdoor Features

  • In Ground Pool
  • Lake Property
  • Lake, Pond or Stream

Location

  • Suburban Location

Schools

  • Deer Ridge Elementary School
  • Woodside Middle School
  • Homestead High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 02-11-15-155-001.000-075

Community Details

Overview

  • Covington Lake Estates Subdivision

Recreation

  • Waterfront Owned by Association
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,854

Year Built

Built in 1967

Lot Details

0

HOA Fees

$100 per month

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1967
  • Age: 57
  • Style: One Story
  • Architectural Style: Contemporary
  • Total Number of Rooms: 11
  • Total Number of Rooms Below Grade: 5
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 6
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 2
  • Legal Description: Covington Lake Estates SEC B Lot 41
  • Parcel Number ID: 02-11-15-155-001.000-075
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Ceiling-9+, Ceiling-Cathedral, Ceilings-Beamed, Ceilings-Vaulted, Closet(s) Walk-in, Deck Open, Detector-Smoke, Disposal, Foyer Entry, Garage Door Opener, Irrigation System, Kitchen Island, Landscaped, Natural Woodwork, Twin Sink Vanity, Wet Bar, Tub and Separate Shower, Tub/Shower Combination, Workshop, Main Level Bedroom Suite, Formal Dining Room, Main Floor Laundry, Sump Pump, Custom Cabinetry
  • Location: City/Town/Suburb, Rural Subdivision
  • Number Below Grade Bedrooms: 2
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 6061
  • Total Finished Sq Ft: 5909
  • Above Grade Finished Sq Ft: 3840
  • Below Grade Finished Sq Ft: 2069
  • Below Grade Sq Ft: 152
  • Price Per Sq Ft: 325.52
  • Basement: Yes
  • Basement Foundation: Crawl, Finished, Slab, Walk-Out Basement
  • Number Of Fireplaces: 4
  • Fireplace: Family Rm, Living/Great Rm, Rec Rm, 2nd Bdrm, Basement, Three +
  • Fireplace: Yes
  • Living Great Room: Dimensions: 13x11, On Level: Main
  • Kitchen: Dimensions: 19x13, On Level: Main
  • Breakfast Room: Dimensions: 17x11, On Level: Main
  • Dining Room: Dimensions: 15x11, On Level: Main
  • Family Room: Dimensions: 30x12, On Level: Main
  • Recreation Room: Dimensions: 30x16, On Level: Lower
  • Extra Room: Bar, Dimensions: 9x6, On Level: Lower
  • Bedroom 1: Dimensions: 22x13, On Level: Main
  • Bedroom 2: Dimensions: 15x10, On Level: Main
  • Bedroom 3: Dimensions: 18x12, On Level: Lower
  • Bedroom 4: Dimensions: 17x10, On Level: Lower
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 3
  • Number of Main Level Half Bathrooms: 2
  • Total Below Grade Sq Ft: 2221

Exterior Features

  • Exterior: Cedar, Fiber Cement, Stone
  • Roof Material: Shake, Wood
  • Outbuilding1: Bath House, Dimensions: 14x14, 193
  • Pool: Below Ground
  • Pool: Yes
  • Lake Type: Non Ski Lake
  • Water Features: Assoc
  • Water Frontage: 241
  • Water Name: Covington Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 3.5
  • Garage Size: Dimensions: 39x25
  • Garage Sq Ft: 975
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Laundry: Dimensions: Mainx8, On Level: 10
  • Water Type: Lake

Condo/Co-op/Association

  • Association Restrictions: Yes
  • Association Fees: 1200
  • Association Fees Frequency: Annually

Schools

  • School District: MSD of Southwest Allen Cnty
  • Elementary School: Deer Ridge
  • Middle School: Woodside
  • High School: Homestead
  • Elementary School: Deer Ridge

Lot Info

  • Lot Description: Waterfront, 0-2.9999, Lake, Water View
  • Lot Dimensions: 169x268x128x111x212
  • Estimated Lot Sq Ft: 50530
  • Estimated Lot Size Acres: 1.16
  • Lot Number: 41

Tax Info

  • Annual Taxes: 9854.08
  • Exemptions: Homestead, Mortgage

Multi Family

  • Water Access: Frontage Lot

MLS Schools

  • High School: Homestead
  • Middle School: Woodside
  • School District: MSD of Southwest Allen Cnty

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2023
Closed on
Mar 19, 2024
Sold by
Bishop Carter G and Bishop Margaret A
Bought by
Freeland Tyler
Seller's Agent
A.J. Sheehe
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Carlye Baenen
Coldwell Banker Real Estate Gr
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Views
581
Current Estimated Value
$1,128,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$121,090
Avg. Annual Appreciation
-6.32%
Original Mortgage
$1,000,000
Outstanding Balance
$984,870
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$144,040

Purchase Details

Listed on
Jul 30, 2023
Closed on
Mar 15, 2024
Sold by
Bishop Carter G and Bishop Margaret A
Bought by
Freeland Tyler
Seller's Agent
A.J. Sheehe
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Carlye Baenen
Coldwell Banker Real Estate Gr
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%
Views
581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$984,870
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$144,040

Purchase Details

Listed on
Nov 18, 2022
Closed on
Jan 6, 2023
Sold by
Bansal Anil K and Bansal Rosemary
Bought by
Bishop Carter G and Bishop Margaret A
Seller's Agent
Lynn Reecer
Reecer Real Estate Advisors
Buyer's Agent
A.J. Sheehe
CENTURY 21 Bradley Realty, Inc
List Price
$1,199,900
Sold Price
$1,100,000
Premium/Discount to List
-$99,900
-8.33%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.34%
Original Mortgage
$704,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 18, 2022
Closed on
Jan 4, 2023
Sold by
Bansal Anil K and Bansal Rosemary
Bought by
Bishop Carter G and Bishop Margaret A
Seller's Agent
Lynn Reecer
Reecer Real Estate Advisors
Buyer's Agent
A.J. Sheehe
CENTURY 21 Bradley Realty, Inc
List Price
$1,199,900
Sold Price
$1,100,000
Premium/Discount to List
-$99,900
-8.33%
Views
79

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,000
Interest Rate
6.58%
Mortgage Type
New Conventional
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
Freeland Tyler $1,250,000 None Listed On Document
Freeland Tyler -- None Listed On Document
Bishop Carter G -- Trademark Title Services
Bishop Carter G $1,100,000 Trademark Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeland Tyler $1,000,000
Closed Freeland Tyler $1,000,000
Previous Owner Bishop Carter G $704,000
Previous Owner Bishop Carter G $704,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2024 03/15/24 Sold $1,250,000 0.0% $212 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
10/01/2023 10/01/23 Price Changed $1,250,000 -3.8% $212 / Sq Ft
09/18/2023 09/18/23 Price Changed $1,299,900 -3.7% $220 / Sq Ft
08/06/2023 08/06/23 For Sale $1,350,000 +22.7% $228 / Sq Ft
01/06/2023 01/06/23 Sold $1,100,000 -8.3% $192 / Sq Ft View Prior Sale
12/07/2022 12/07/22 Pending -- -- --
11/29/2022 11/29/22 For Sale $1,199,900 -- $210 / 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 $11,316 $1,068,200 $258,300 $809,900
2023 $11,316 $1,002,400 $258,300 $744,100
2022 $9,854 $866,200 $258,300 $607,900
2021 $8,586 $775,200 $258,300 $516,900
2020 $8,633 $775,200 $258,300 $516,900
2019 $8,540 $761,400 $258,300 $503,100
2018 $8,575 $754,400 $258,300 $496,100
2017 $8,556 $747,000 $258,300 $488,700
2016 $8,652 $755,100 $258,300 $496,800
2014 $7,030 $618,700 $258,300 $360,400
2013 $7,002 $612,000 $258,300 $353,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202326799

Indiana Regional MLS

APN: 02-11-15-155-001.000-075