NOT LISTED FOR SALE

409 Ems R4 Ln Pierceton, IN 46562

Estimated Value: $184,000 - $256,000

2 Beds
1 Bath
1,080 Sq Ft
$204/Sq Ft Est. Value

Last Sold November 03, 2017

Last sale price $151,500 $140 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,424/month

35 Days on Market

Highlights

  • 54 Feet of Waterfront
  • Open Floorplan
  • Dock Rights
  • Pier or Dock
  • Lake Property
  • Ranch Style House

About This Home

As of November 2017

Quick possession available with this charming year around 2 bedroom lakefront home on Ridinger Lake (138 acre 10 mph popular fishing lake). Open living room and dining room lakeside with knotty pine walls, gas log brick fireplace and sliding glass door leading to the lakeside deck with unobstructed lake views. Semi open kitchen with breakfast bar, utility room (previously used as a 3rd BR), lakeside screened porch, level lot with shade trees, wide concrete seawall and a 6 section boat docking pier. Other amenities include: vinyl siding, insulated windows, forced air heat with central AC (heat pump), low utilities ($115 monthly average), modern breaker box, 1000 gallon septic system, ample off-street parking, detached garage, storage shed and a chain link fenced roadside yard for children or pets. Community swimming beach and boat ramp nearby available thru voluntary neighborhood lake association ($40 per year). This is a turnkey lake house and a great way to enjoy relaxing pontoon rides, heartwarming sunsets, memory building bonfires and some of the best fishing in the county all at an affordable price.

Last Listed By

Timothy Hatcher

Hatcher Real Estate LLC Listed on: 09/22/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,645

Year Built

  • Built in 1942

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 54x125x70x125
  • 54 Feet of Waterfront
  • Lake Front
  • Backs to Open Ground
  • Rural Setting
  • Partially Fenced Property
  • Chain Link Fence
  • Landscaped
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Ranch Style House
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,080 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Living Room with Fireplace
  • Screened Porch
  • Water Views
  • Fire and Smoke Detector
  • Washer and Electric Dryer Hookup

Kitchen

  • Breakfast Bar
  • Electric Oven or Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Basement

  • Block Basement Construction
  • Crawl Space

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Seawall
  • Dock Rights
  • Lake Property
  • Lake, Pond or Stream

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Shared Well
  • Well
  • Septic System
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Assessor Parcel Number 431201400108000029

Community Details

Overview

  • $13 Other Monthly Fees

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,645

Year Built

Built in 1942

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1942
  • Age: 75
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 6
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 009-002-104 Lot 8 Silers Add Riley Memorial Beach
  • Parcel Number ID: 431201400108000029
  • Platted: Yes
  • Amenities: Antenna, Breakfast Bar, Cable Available, Ceiling Fan(s), Deck Open, Detector-Smoke, Dryer Hook Up Electric, Garage Door Opener, Landscaped, Open Floor Plan, Porch Screened, Range/Oven Hook Up Elec, Tub/Shower Combination, Washer Hook-Up
  • Grid: 55 - N.E. Kosc. Water
  • Location: Lake, Rural Subdivision
  • Parcel Id2: 009-002-104
  • Road Access: County
  • Road Surface: Paved
  • Sp Lp Percent: 99.67
  • State Id: 0970400080
  • Special Features: None

Interior Features

  • Total Sq Ft: 1080
  • Total Finished Sq Ft: 1080
  • Above Grade Finished Sq Ft: 1080
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Gas Log, One
  • Flooring: Carpet, Vinyl
  • Living Great Room: Dimensions: 14x17, On Level: Main
  • Kitchen: Dimensions: 11x12, On Level: Main
  • Dining Room: Dimensions: 14x11, On Level: Main
  • Bedroom 1: Dimensions: 11x11, On Level: Main
  • Bedroom 2: Dimensions: 10x11, On Level: Main
  • Other Room1: Screened porch, Dimensions: 6x17, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: Shed, Dimensions: 10x13
  • Fence: Partial, Chain Link
  • Lake Type: Non Ski Lake
  • Sea Wall Type: Concrete
  • Water Features: Boat Docking Rights, Pier/Dock
  • Water Frontage: 54
  • Water Name: Ridinger Lake

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Detached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 14x22
  • Garage Sq Ft: 308

Utilities

  • Cooling: Central Air, Heat Pump
  • Heating Fuel: Electric, Forced Air, Heat Pump
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: REMC
  • Hvac: Ceiling Fan
  • Laundry: Dimensions: 9xMain, On Level: 10
  • Water Type: Lake
  • Well Type: Shared

Condo/Co-op/Association

  • Other Fee Description: Shared well
  • Other Fees Dollar: 150

Schools

  • School District: Whitko
  • Elementary School: Pierceton
  • Middle School: Whitko
  • High School: Whitko

Lot Info

  • Lot Description: Level, Waterfront, Flood Plain, Lake, Water View, Waterfront-Level Bank
  • Lot Dimensions: 54x125x70x125
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2
  • Zoning: R Residential

Green Features

  • Energy Efficient: Windows
  • Energy Efficient Windows/Doors: Insulated Glass Windows

Tax Info

  • Annual Taxes: 1644.7

Multi Family

  • Water Access: Lakefront

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2019
Sold by
Ream Thomas J
Bought by
Ream Thomas J and Ream Melissa A
Total Days on Market
35
Current Estimated Value
$220,032

Purchase Details

Listed on
Sep 22, 2017
Closed on
Nov 3, 2017
Sold by
Holeman Claude A and Holeman Karen R
Bought by
Ream Thomas J
Seller's Agent
Timothy Hatcher
Hatcher Real Estate LLC
Buyer's Agent
Carolyn Leiter
Coldwell Banker Real Estate Group
List Price
$152,000
Sold Price
$151,500
Premium/Discount to List
-$500
-0.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.10%
Original Mortgage
$111,500
Outstanding Balance
$94,489
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$125,543

Purchase Details

Listed on
Jun 26, 2012
Closed on
Aug 17, 2012
Sold by
Davis Jerome L and Davis Shirley A
Bought by
Holeman Claude A and Holeman Karen R
Seller's Agent
Shelley Johnson
RE/MAX Results- Warsaw
Buyer's Agent
Shelley Johnson
RE/MAX Results- Warsaw
List Price
$124,900
Sold Price
$105,000
Premium/Discount to List
-$19,900
-15.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%

Purchase Details

Closed on
Sep 18, 2001
Sold by
Davis Ora W and Davis Mary L
Bought by
Davis Wilfred Stephen

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
Ream Thomas J -- None Available
Ream Thomas J -- None Available
Holeman Claude A -- None Available
Davis Wilfred Stephen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ream Thomas J $33,000
Closed Ream Thomas J $9,900
Open Ream Thomas J $111,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2017 11/03/17 Sold $151,500 -0.3% $140 / Sq Ft
10/27/2017 10/27/17 Pending -- -- --
09/22/2017 09/22/17 For Sale $152,000 +44.8% $141 / Sq Ft
08/17/2012 08/17/12 Sold $105,000 -15.9% $97 / Sq Ft
07/21/2012 07/21/12 Pending -- -- --
06/26/2012 06/26/12 For Sale $124,900 -- $116 / 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 $2,380 $178,400 $38,600 $139,800
2023 $2,257 $164,800 $35,900 $128,900
2022 $1,892 $146,600 $31,900 $114,700
2021 $1,873 $127,900 $31,900 $96,000
2020 $1,799 $120,200 $30,800 $89,400
2019 $1,779 $114,400 $29,200 $85,200
2018 $1,762 $109,300 $29,200 $80,100
2017 $1,684 $105,200 $29,200 $76,000
2016 $1,645 $103,100 $29,200 $73,900
2014 $1,622 $96,900 $24,800 $72,100
2013 $1,622 $94,100 $24,800 $69,300
Source: Public Records

Agents Affiliated with this Home

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Source: Indiana Regional MLS

MLS Number: 201744090

Indiana Regional MLS

APN: 43-12-01-400-108.000-029