NOT LISTED FOR SALE

3885 E 1st Rd Monticello, IN 47960

Estimated Value: $175,000 - $287,000

3 Beds
1 Bath
1,248 Sq Ft
$185/Sq Ft Est. Value

Last Sold January 24, 2020

Last sale price $160,000 $128 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,310/month

73 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Pier or Dock
  • Cathedral Ceiling
  • 10 Feet of Waterfront
  • Lake Property
  • Stone Countertops

About This Home

As of January 2020

Completely, and I do mean completely, remodeled cottage on Lake Shafer - exterior and interior features as well as the HVAC system have been completely refinished (including the roof and windows)! There is nothing in this home that has not been refreshed! Vaulted ceilings create an open concept in the family area and the kitchen and its solid wood cabinetry literally sparkles with quartz countertops and brand-new stainless steel appliances - motion-sensor faucets add an even greater modern edge to the home's amenities. There are two bedrooms on the ground level (one of which could function as an office if so-desired) a generous laundry area (big enough for full-size washer and dryer), and a fantastic bath featuring expertly-done tiling work in the shower and flooring. Upstairs is a large sleeping area big enough for bunk beds AND a pull-out couch to create more sleeping space -or could be used as the master bedroom. Outdoors you will find a large patio perfectly suited for lake company and only a 50 yard walk to the deeded boat slip and the private swimming area for homeowners. With such recent and great remodel work and smaller yard, there is very little maintenance to concern yourself with and more time to enjoy the lake-life! Furnishings are not included, but the home could be turn-key for the right price. 3D tour Link: https://my.matterport.com/show/?m=eSn5a8wDaxa&brand=0

Last Agent to Sell the Property

Ryan Clemons

Redlow Group Listed on: 11/09/2019

Last Buyer's Agent

Michael Sims

Redlow Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $809

Year Built

  • Built in 1965

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 48x63
  • 10 Feet of Waterfront
  • Irregular Lot

Parking

  • Gravel Driveway

Home Design

  • Cabin
  • Slab Foundation
  • Poured Concrete
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,248 Sq Ft Home
  • 1.5-Story Property
  • Cathedral Ceiling
  • Stone Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deeded Waterfront Access Rights
  • Waterski or Wakeboard
  • Lake Property
  • Lake, Pond or Stream

Schools

  • Meadowlawn Elementary School
  • Roosevelt Middle School
  • Twin Lakes High School

Utilities

  • Forced Air Heating and Cooling System
  • High-Efficiency Furnace
  • Private Company Owned Well
  • Well
  • Cable TV Available

Community Details

  • Pier or Dock

Listing and Financial Details

  • Assessor Parcel Number 91-83-31-000-043.800-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$809

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1965
  • Style: One and Half Story
  • Architectural Style: Cabin/Cottage
  • Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: TRACT OU SE SE 31-28-03 .09
  • Parcel Number ID: 91-83-31-000-043.800-013
  • Platted: Yes
  • Amenities: Cable Available, Cable Ready, Ceiling-Cathedral, Ceilings-Vaulted, Countertops-Stone
  • Location: Lake
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1248
  • Total Finished Sq Ft: 1248
  • Above Grade Finished Sq Ft: 1248
  • Basement Foundation: Slab
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Laminate, Tile
  • Living Great Room: Dimensions: 20x10, On Level: Basement
  • Kitchen: Dimensions: 14x10, On Level: Main
  • Bedroom 1: Dimensions: 19x11, On Level: Upper
  • Bedroom 2: Dimensions: 13x7, On Level: Main
  • Bedroom 3: Dimensions: 9x7, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Wood
  • Roof Material: Metal
  • Outbuilding1: None
  • Lake Type: Ski Lake
  • Water Features: Deeded, Pier/Dock
  • Water Frontage: 10
  • Water Name: Lake Shafer

Garage/Parking

  • Driveway: Gravel

Utilities

  • Cooling: Central Air
  • Heating Fuel: Conventional, Forced Air
  • Sewer: Regional
  • Water Utilities: Well
  • Cable Company: Comcast
  • Hvac: High Efficiency Furnace
  • Water Type: Lake
  • Well Type: Private

Schools

  • Elementary School: Meadowlawn

Lot Info

  • Lot Description: Irregular, Lake, Waterfront-Level Bank
  • Lot Dimensions: 48X63
  • Estimated Lot Sq Ft: 3920
  • Estimated Lot Size Acres: 0.09

Tax Info

  • Annual Taxes: 809

Multi Family

  • Water Access: Easement/Other

MLS Schools

  • High School: Twin Lakes
  • Middle School: Roosevelt
  • School District: Twin Lakes School Corp.

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2019
Closed on
Jan 24, 2020
Sold by
Funkhouser and Abigail
Bought by
Zarth Thomas
Seller's Agent
Ryan Clemons
Redlow Group
Buyer's Agent
Michael Sims
Redlow Group
List Price
$159,900
Sold Price
$160,000
Premium/Discount to List
$100
0.06%
Current Estimated Value
$230,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,935
Avg. Annual Appreciation
6.45%
Original Mortgage
$144,000
Outstanding Balance
$127,547
Interest Rate
3.73%
Mortgage Type
Construction
Estimated Equity
$103,388

Purchase Details

Closed on
Jun 27, 2015
Sold by
Jp Morgan Chase Bank Na
Bought by
Funkhouser Travis

Purchase Details

Closed on
Oct 7, 2014
Sold by
Shafer Patrick E White County Sheriff
Bought by
Jpmorgan Chase Bank
Source: Public Records

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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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
Zarth Thomas $160,000 Simplifile Lc E-Recording
Funkhouser Travis $18,000 Servicelink
Jpmorgan Chase Bank $32,500 Foutty & Foutty Llp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zarth Thomas $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2020 01/24/20 Sold $160,000 +0.1% $128 / Sq Ft
11/09/2019 11/09/19 For Sale $159,900 -- $128 / 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 $1,135 $122,200 $22,000 $100,200
2023 $1,044 $105,500 $22,000 $83,500
2022 $1,014 $94,400 $22,000 $72,400
2021 $961 $86,800 $22,000 $64,800
2020 $850 $66,800 $7,200 $59,600
2019 $826 $66,800 $7,200 $59,600
2018 $809 $66,800 $7,200 $59,600
2017 $712 $55,700 $7,200 $48,500
2016 $631 $53,600 $7,200 $46,400
2014 $747 $49,700 $7,200 $42,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201949303

Indiana Regional MLS

APN: 91-83-31-000-043.800-013