NOT LISTED FOR SALE

423 W Fall Creek Rd Spencer, IN 47460

Estimated Value: $162,000 - $1,531,935

6 Beds
6 Baths
7,869 Sq Ft
$108/Sq Ft Est. Value

Last Sold December 28, 2021

Last sale price $1,500,000 $191 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $6,280/month

1 Day on Market

About This Home

As of December 2021

MAJESTIC LAKEFRONT DREAM HOME! One-of-a-kind architectural beauty newly built in 2012 with impeccable amenities and designer features! Enjoy lazy summer days fishing, swimming and boating on your own 17 acre stocked lake with dock and boathouse. In winter, enjoy a page-turner in front of a roaring fire while the snow gently falls, or take your snowmobile/ATV out for a spin on your private 50-acre estate. Nature hike, bird watch or relax in your hot tub overlooking the lake year-round. Luxurious main floor master retreat. Maintenance-free veranda and huge screened-in porch plus 8 garage bays. Finished walk-out lower level has full-sized windows. Caretaker/guest house on property also. What a great way to diversify your portfolio!

Last Listed By

Dennis Barrow

Keller Williams Indpls Metro N License #RB14034583 Listed on: 08/03/2021

Keller Williams Indpls Metro N

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,780

Year Built

  • 2012

Lot Details

  • 50

Parking

  • 4

Interior Spaces

  • Formal Dining Room
  • Kitchen Island

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,780

Year Built

2012

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inspection Warranties: General
  • Transaction Type: Sale
  • Architectural Style: TraditonalAmerican
  • Directions: From Indy Intl Airport, I-70W to Hwy 231 S thru Cloverdale. R onto Coon Path, L on Rocky Hill, R on Fall Crk to property on R. From Blgt, SR 46W thru Spencer to Texas Pike. N to Fall Crk. R to property on L.
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Subdivision Name: NO SUBDIVISION
  • Special Features: None
  • Year Built: 2012

Interior Features

  • Appliances: Gas Cooktop, Dishwasher, Disposal, Microwave, Range Hood, Refrigerator, Convection Oven, Kitchen Exhaust
  • Has Basement: Ceiling - 9+ feet, Finished, Walk Out
  • Fireplace Features: Basement, Dining Room, Great Room
  • Areas Interior: Bath Jack-n-Jill,Bath Sinks Double Main,Foyer - 2 Story,Great Room - 2 Story,Laundry in Basement,Laundry Room Main Level
  • Eating Area: Formal Dining Room
  • Basement Full Bathrooms: 4
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 3475
  • Main Level Sq Ft: 2874
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Master Bedroom Description: Closet Walk in,Fireplace,Sinks Double,Tub Whirlpool,See Remarks
  • Kitchen Features: Center Island
  • Below Grade Sq Ft: 4394
  • Upper Level Sq Ft: 601
  • Pct Optional Level Finished: 50-75%
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplaces: 5
  • Interior Amenities: Built In Book Shelves, Cathedral Ceiling(s), Tray Ceiling(s), Walk-in Closet(s), Hardwood Floors, WoodWorkStain/Painted
  • Other Equipment: Hot Tub, Smoke Detector, WetBar

Exterior Features

  • Exterior Features: Carriage/Guest House, Driveway Concrete, Out Building With Utilities
  • Foundation Details: Concrete Perimeter
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level,Screened in Porch
  • Builder Name: Bailey & Weiler
  • Construction Type: Cement Siding, Wood With Stone
  • Disclosures: Not Applicable

Garage/Parking

  • Fuel: Electric,Propane
  • Garage Parking Description: Attached,Detached,Multiple Garages,Other
  • Garage Parking Other: Garage Door Opener,Finished Garage,Storage Area,Workshop
  • Garage Spaces: 4

Utilities

  • Cooling: Central Air, Geothermal
  • Heating: Forced Air, Geothermal
  • Solid Waste: 0
  • Water Heater: Electric
  • Sewer: Private Sewer
  • Water Source: Well

Lot Info

  • Acres: >20 Acres
  • Lot Information: Dock Owned,Lakefront,Tree Mature,Wooded
  • Lot Number: 423
  • Lot Size: 50 Acres

Green Features

  • Green Certification Y N: 0

Tax Info

  • Semi Annual Property Tax Amt: 4890
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption
  • Tax Annual Amount: 9780
  • Tax Year: 2020

MLS Schools

  • School District: Spencer-Owen Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Dec 28, 2021
Sold by
Cindy Dutton
Bought by
Fahrnow Douglas and Fahrnow Angela
Seller's Agent
Dennis Barrow
Keller Williams Indpls Metro N
Buyer's Agent
Dennis Barrow
Keller Williams Indpls Metro N
List Price
$2,200,000
Sold Price
$1,500,000
Premium/Discount to List
-$700,000
-31.82%
Total Days on Market
1
Current Estimated Value
$846,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$653,032
Avg. Annual Appreciation
-15.69%
Original Mortgage
$1,000,000
Outstanding Balance
$926,132
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
-$79,164

Purchase Details

Closed on
Sep 24, 2010
Sold by
Tyler Clark W and Tyler Suzanne S
Bought by
Dutton Cindy

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fahrnow Douglas $1,330,000 None Listed On Document
Fahrnow Douglas $1,330,000 None Listed On Document
Dutton Cindy -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fahrnow Douglas $1,000,000
Closed Fahrnow Douglas $1,000,000
Previous Owner Tyler Clark W $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2021 12/28/21 Sold $1,500,000 -31.8% $191 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $2,200,000 -- $280 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $19,021 $1,363,600 $81,500 $1,282,100
2023 $18,854 $1,267,100 $76,300 $1,190,800
2022 $11,822 $1,123,800 $70,700 $1,053,100
2021 $10,517 $980,900 $67,800 $913,100
2020 $9,779 $936,500 $67,700 $868,800
2019 $9,533 $902,900 $60,900 $842,000
2018 $15,929 $831,200 $53,600 $777,600
2017 $14,660 $779,000 $56,800 $722,200
2016 $9,160 $788,000 $58,300 $729,700
2014 $8,845 $760,900 $59,500 $701,400
2013 -- $910,200 $55,600 $854,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21803848

MIBOR Broker Listing Cooperative®

APN: 60-10-08-200-100.000-027