NOT LISTED FOR SALE

3938 N Lake Road 24 E Monticello, IN 47960

Estimated Value: $351,000 - $404,000

3 Beds
2 Baths
1,716 Sq Ft
$222/Sq Ft Est. Value

Last Sold July 13, 2018

Last sale price $144,500 $84 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $2,202/month

137 Days on Market

Highlights

  • 75 Feet of Waterfront
  • Lake Property
  • Traditional Architecture
  • Primary Bedroom Suite
  • Dock Rights
  • Cathedral Ceiling

About This Home

As of July 2018

A park like setting from this large lot located just outside of town. Inside offers 3 bedrooms, 2 bathrooms, 1716 sqft, a spacious living room with a fireplace & cathedral ceilings. Updates include furnace, water heater, & partial roof. Ample decking lakeside is ideal for enjoying the beautiful setting. Also, an attached 2 car garage. Great option as a year round home with some lake benefits!

Last Agent to Sell the Property

Bart Hickman

REAL ESTATE NETWORK L.L.C Listed on: 02/05/2018

Last Buyer's Agent

Cheryl L Rycraft

REAL ESTATE NETWORK L.L.C

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $700

Year Built

  • Built in 1948

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 75x174
  • 75 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Utility Room in Garage
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Cedar Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Garden Bath

Laundry

  • Laundry on main level
  • Washer and Gas Dryer Hookup

Attic

  • Attic Fan
  • Storage In Attic

Outdoor Features

  • Waterski or Wakeboard
  • Dock Rights
  • Lake Property
  • Lake, Pond or Stream

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 91-73-09-000-022.300-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$700

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1948
  • Age: 70
  • Style: Two Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: OUT NE NW; 09-27-03; .39 |
  • Parcel Number ID: 91-73-09-000-022.300-011
  • Platted: Yes
  • Amenities: Attic Storage, Built-in Desk, Cable Ready, Ceiling-Cathedral, Ceiling Fan(s), Closet(s) Cedar, Countertops-Laminate, Deck Open, Detector-Smoke, Dryer Hook Up Gas, Eat-In Kitchen, Garage Door Opener, Garden Tub, Range/Oven Hook Up Gas, Tub/Shower Combination, Main Level Bedroom Suite, Garage-Heated, Main Floor Laundry, Washer Hook-Up, Garage Utilities
  • Location: Lake
  • Sp Lp Percent: 97.97
  • Special Features: None

Interior Features

  • Total Sq Ft: 1716
  • Total Finished Sq Ft: 1716
  • Above Grade Finished Sq Ft: 1716
  • Price Per Sq Ft: 84.21
  • Basement Foundation: Crawl, Slab
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Gas Log, One
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Vinyl
  • Living Great Room: Dimensions: 20x22, On Level: Main
  • Kitchen: Dimensions: 20x11, On Level: Main
  • Bedroom 1: Dimensions: 21x13, On Level: Main
  • Bedroom 2: Dimensions: 22x9, On Level: Upper
  • Bedroom 3: Dimensions: 22x9, On Level: Upper
  • Main Level Sq Ft: 1232
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: Shed, Dimensions: 12x6, 72
  • Channel Canal Frontage: 75
  • Lake Type: Ski Lake
  • Water Features: Boat Docking Rights
  • Water Frontage: 75
  • Water Name: Lake Shafer

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x25
  • Garage Sq Ft: 600
  • Garage: Yes

Utilities

  • Cooling: Attic Fan, Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Regional
  • Water Utilities: Well
  • Electric Company: REMC
  • Gas Company: NIPSCO
  • Hvac: Attic Fan, Ceiling Fan
  • Laundry: Dimensions: Mainx9, On Level: 9
  • Water Type: Lake
  • Well Type: Private

Schools

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

Lot Info

  • Lot Description: Level, Waterfront
  • Lot Dimensions: 75x174
  • Estimated Lot Sq Ft: 16988
  • Estimated Lot Size Acres: 0.39

Tax Info

  • Annual Taxes: 700.48
  • Exemptions: Homestead, Mortgage, Supplemental

Multi Family

  • Water Access: Bayfront

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2018
Closed on
Jun 25, 2018
Sold by
Follmar John R and Follmar Andrea M
Bought by
Smith James K
Seller's Agent
Bart Hickman
REAL ESTATE NETWORK L.L.C
Buyer's Agent
Cheryl L Rycraft
REAL ESTATE NETWORK L.L.C
List Price
$147,500
Sold Price
$144,500
Premium/Discount to List
-$3,000
-2.03%
Current Estimated Value
$380,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,150
Avg. Annual Appreciation
14.31%
Original Mortgage
$144,500
Outstanding Balance
$125,231
Interest Rate
4.5%
Mortgage Type
VA
Estimated Equity
$255,419
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
Smith James K $141,610 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith James K $144,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2018 07/13/18 Sold $144,500 -2.0% $84 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
02/05/2018 02/05/18 For Sale $147,500 -- $86 / 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 $2,111 $278,100 $57,200 $220,900
2023 $2,025 $240,000 $57,200 $182,800
2022 $994 $206,600 $57,200 $149,400
2021 $935 $194,100 $57,200 $136,900
2020 $928 $172,100 $46,500 $125,600
2019 $741 $169,100 $56,800 $112,300
2018 $699 $164,700 $56,800 $107,900
2017 $639 $164,100 $56,800 $107,300
2016 $625 $164,100 $56,800 $107,300
2014 $760 $175,400 $67,200 $108,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201804226

Indiana Regional MLS

APN: 91-73-09-000-022.300-011