UNDER CONTRACT
$39K PRICE DROP
40 Ems T15b Ln Leesburg, IN 46538
Estimated payment $2,663/month
Total Views
3,869
4
Beds
3.5
Baths
3,500
Sq Ft
$131
Price per Sq Ft
Highlights
- Deeded Waterfront Access Rights
- Home fronts a canal
- Solid Surface Countertops
- Pier or Dock
- Lake, Pond or Stream
- Enclosed Patio or Porch
About This Home
Amazing opportunity to own this 1.5 story home boasting tons of updates, a fantastic 3 seasons room, full finished daylight walk-out basement w/ workshop, 2 decks & direct access to lagoon & Tippy Channel! That’s right, this 4 bedroom, 3.5 bath home is being sold w/ 2 parcels—the channel parcel backs up to home w/ just a short walk in your back yard to your pier space for access to all-sports Lake Tippecanoe! Located in ultra quiet & peaceful area on cul de sac, this 1993 built home has been well maintained from outside in w/ obvious pride of ownership. Nestled on expansive 0.37 acre lot w/ water views, it’s sure to charm from the moment you arrive w/ attractive exterior, large driveway, attached 3 car garage (30x34 good for inside boat storage) & inviting 300 sqft covered front porch where you can kick back & relax w/ friends & family. Frosted glass front door w/ twin matching sidelights opens to bright & welcoming atmosphere complemented by crisp white walls, wood trim & updated wood flooring. Generous front living room off foyer gets plenty of natural light. Head on back to open concept kitchen/dining where you can entertain guests or hold family gatherings. Beautiful updated kitchen is separated from dining by wrap around breakfast bar & contains abundant cabinetry, hard surface counters, tile backsplash & laundry/garage access which includes full bath w/ walk-in shower. Double glass doors open to wonderful sun porch featuring panoramic views of the channel & 2 doors linking both elevated wood decks ideal for sun bathing or enjoying the warm weather (stairs down to lower level). Big first floor primary bedroom includes huge updated en suite bath w/ tiled walk-in shower, soaking tub, make-up station & dual sink vanity. Up the stairs w/ skylight you’ll find 2 more comfortably sized bedrooms w/ angular ceilings & another full bath w/ tub/shower combo. Large lower level can be used as 2nd living, home theater/rec/office, etc w/ workshop in back. Half bath & 4th bedroom down here as well. Sliding glass doors open to walk out cement covered patio perfect for chilling in the shade. Double decks & a massive yard means there’s no end to all the outdoor fun & activities you can have, sky’s the limit! Lake Tippecanoe is the deepest natural lake in the state & is prime for fishing, boating & skiing. Reach out today! (Note: High speed fiber optic internet available; roof 7 yrs; HVAC 2 yrs; water heater/softener 1 yr old; all appliances stay.)
Listing Agent
Keller Williams Thrive North Brokerage Email: danyelle.hubbs@thergroupteam.com Listed on: 07/23/2025
Co-Listing Agent
Keller Williams Thrive South Brokerage Email: danyelle.hubbs@thergroupteam.com
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,736
Year Built
- Built in 1993
Lot Details
- 0.37 Acre Lot
- Lot Dimensions are 157x98
- Home fronts a canal
Parking
- 3 Car Attached Garage
Home Design
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Gas Dryer Hookup
Kitchen
- Solid Surface Countertops
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
Basement
- Walk-Out Basement
- 1 Bathroom in Basement
- 1 Bedroom in Basement
Outdoor Features
- Deeded Waterfront Access Rights
- Access To Lake
- Sun Deck
- Waterski or Wakeboard
- Lake, Pond or Stream
- Enclosed Patio or Porch
Schools
- North Webster Elementary School
- Wawasee Middle School
- Wawasee High School
Utilities
- Central Air
- Baseboard Heating
- Heating System Uses Gas
- Private Company Owned Well
- Well
Community Details
- Pier or Dock
Listing and Financial Details
- Assessor Parcel Number 43-08-18-200-672.000-023
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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 | $1,736 | $331,300 | $33,800 | $297,500 |
| 2023 | $1,637 | $319,100 | $33,800 | $285,300 |
| 2022 | $1,680 | $300,400 | $33,800 | $266,600 |
| 2021 | $1,349 | $243,500 | $28,700 | $214,800 |
| 2020 | $941 | $189,900 | $28,700 | $161,200 |
| 2019 | $876 | $181,900 | $28,700 | $153,200 |
| 2018 | $765 | $175,700 | $28,700 | $147,000 |
| 2017 | $728 | $166,900 | $28,700 | $138,200 |
| 2016 | $630 | $166,700 | $38,700 | $128,000 |
| 2014 | $627 | $155,000 | $38,700 | $116,300 |
| 2013 | $627 | $156,700 | $38,700 | $118,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Price Changed | $459,900 | -3.2% | $131 / Sq Ft |
| 07/30/2025 07/30/25 | Price Changed | $475,000 | -4.8% | $136 / Sq Ft |
| 07/23/2025 07/23/25 | For Sale | $499,000 | -- | $143 / Sq Ft |
Source: Indiana Regional MLS
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $336,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Leesburg, IN
Source: Indiana Regional MLS
MLS Number: 202528717
APN: 43-08-18-200-672.000-023
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
- 40 Ems T15a Ln
- 4630 E Armstrong Rd
- LOT 10 Ems T14 Ln
- LOT 11 Ems T14 Ln
- LOT 9 Ems T14 Ln
- 75 Ems T16 Ln
- 14 Ems T14 Ln
- 5188 N 475 E
- 58 Ems T17a Ln
- 271 Ems T13 Ln
- 18 Ems T13e Ln
- 4031 E Oldfield Dr
- 14 Ems T41 Ln
- 4116 E Stanton Rd
- TBD Spring Ct Unit 111
- TBD Brandywine Ln Unit Lot 2 & part of Lot
- 54 Ems B38a Ln
- 52 Ems B40 Ln
- 3586 E Forest Glen Ave Unit 5
- 3218 E Armstrong Rd
- 121 N Mulberry St
- 5000 Kuder Ln
- 101 Briar Ridge Cir
- 75 N Orchard Dr
- 3023 Murwood Place
- 2630 Tippe Downs Dr
- 123 Parker St
- 8081 E Rosella St
- 11605 N Sunrise Dr
- 200 Kinney Dr
- 2233 County Farm Crossing
- 18434 Northrop Dr
- 206 S Main St Unit 2
- 100 Raleigh Ct Unit 420 Raleigh Court
- 100 Raleigh Ct Unit 232
- 100 Raleigh Ct Unit 323 Raleigh Court
- 100 Raleigh Ct
- 307 S Whitley St
- 1306 Cedarbrook Ct
- 1401 Park 33 Blvd