4085 W 500 S Albion, IN 46701
Estimated payment $1,063/month
Total Views
646
3
Beds
1
Bath
1,423
Sq Ft
$130
Price per Sq Ft
Highlights
- Popular Property
- Lake Property
- Corner Lot
- Access To Lake
- 1 Fireplace
- 2 Car Attached Garage
About This Home
Rare opportunity to own a piece of Big Lake with deeded lake access and ski hours from 1–4 PM daily! This 3 bedroom, 1 bathroom home is priced under $200,000 and offers endless potential. Whether you're looking for a fixer-upper, a site to build your dream home, a summer lake cottage, or a place to add a pole barn—this property checks all the boxes for potential. Situated just steps from the water in a desirable lake community, Big Lake offers the best of boating, fishing, and relaxing lake life. Home is in need of repairs and being sold as-is cash or conventional only. Don’t miss this affordable chance to enjoy one of the area’s most popular ski lakes!
Listing Agent
Keller Williams Realty Group Brokerage Email: bellareed@kw.com Listed on: 07/10/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $497
Year Built
- Built in 1957
Lot Details
- 7,797 Sq Ft Lot
- Rural Setting
- Corner Lot
- Zoning described as LR
Parking
- 2 Car Attached Garage
- Off-Street Parking
Home Design
- Slab Foundation
- Concrete Siding
Interior Spaces
- 1,423 Sq Ft Home
- 1-Story Property
- 1 Fireplace
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Outdoor Features
- Access To Lake
- Lake Property
Schools
- Wolf Lake Elementary School
- Central Noble Jr/Sr Middle School
- Central Noble Jr/Sr High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heat Pump System
- Propane
- Well
- Community Well
Community Details
- Big Lake Subdivision
Listing and Financial Details
- Assessor Parcel Number 57-19-29-200-014.000-009
Map
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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 | $497 | $122,200 | $36,200 | $86,000 |
| 2023 | $497 | $118,500 | $34,800 | $83,700 |
| 2022 | $495 | $116,400 | $34,800 | $81,600 |
| 2021 | $623 | $138,300 | $70,200 | $68,100 |
| 2020 | $458 | $107,800 | $48,200 | $59,600 |
| 2019 | $464 | $102,900 | $45,900 | $57,000 |
| 2018 | $339 | $93,800 | $42,100 | $51,700 |
| 2017 | $355 | $88,200 | $35,000 | $53,200 |
| 2016 | $324 | $85,300 | $35,000 | $50,300 |
| 2014 | $961 | $72,200 | $25,100 | $47,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | For Sale | $185,000 | +311.1% | $130 / Sq Ft |
| 01/30/2015 01/30/15 | Sold | $45,000 | -11.8% | $31 / Sq Ft |
| 12/22/2014 12/22/14 | Pending | -- | -- | -- |
| 11/01/2014 11/01/14 | For Sale | $51,000 | -- | $36 / Sq Ft |
Source: Indiana Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $45,000 | Lawyers Title Company |
Source: Public Records
Similar Homes in Albion, IN
Source: Indiana Regional MLS
MLS Number: 202526743
APN: 571929200014000009
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