$374,999
$55K PRICE DROP

4867 NW Shafer Dr Monticello, IN 47960

Estimated payment $2,202/month

Total Views 15,951
3 Beds
2 Baths
1,768 Sq Ft
$212 Price per Sq Ft

Highlights

  • Lake Front
  • Deck
  • Country Kitchen
  • Lake Privileges
  • No HOA
  • Living Room

About This Home

Motivated Seller! Experience breathtaking lakefront living with spectacular views from this beautifully updated home on Shafer Lake! Nestled on approximately 70 feet of prime lake frontage, this property boasts a new sea wall, new boat lift that includes two piers--perfect for boating, fishing, or simply soaking in the serene surroundings.Enjoy lake life from the expansive deck or from inside the oversized living and dining room, designed with an open-concept layout that flows seamlessly into the kitchen. Large windows flood the space with natural light and provide stunning, uninterrupted views of the water.The recently remodeled kitchen is a showstopper, featuring gleaming granite countertops, stainless steel appliances, a stylish farmhouse sink, and plenty of cabinet space--ideal for entertaining or quiet evenings at home.With three bedrooms and two full baths, there's room to relax in comfort. Set on a spacious .34+/- acre lot, this home combines many updates with the charm and tranquility of lake living. Whether you're sipping coffee on the deck at sunrise or unwinding after a day on the water, this lakefront retreat offers the ultimate escape. Court house has finished sq ft as 1768. Part of the Shafer Freeman Lakes Environmental Conservation Corp. which requires annual shore front license renewal fee. Information believed accurate, not guaranteed.

Listing Agent

Deb McKay

Hebron Realty & Insurance License #RB14014734 Listed on: 04/16/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,572

Year Built

  • Built in 1973

Lot Details

  • 0.35 Acre Lot
  • Lake Front
  • Landscaped

Parking

  • Off-Street Parking

Interior Spaces

  • 1,768 Sq Ft Home
  • 1.5-Story Property
  • Insulated Windows
  • Blinds
  • Living Room
  • Dining Room
  • Lake Views
  • Natural lighting in basement

Kitchen

  • Country Kitchen
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Lake Privileges
  • Deck
  • Outdoor Storage

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Water Softener is Owned

Community Details

  • No Home Owners Association
  • Frax Subdivision

Listing and Financial Details

  • Assessor Parcel Number 917305000002600020
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,572

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1973
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup, Lower Level, Gas Dryer Hookup
  • ResoLotFeatures: Back Yard, Landscaped, Rectangular Lot, Private, Few Trees, Front Yard
  • ResoPoolFeatures: None
  • Reso View: Lake, Water
  • Co List Office Mls Id: NRA374
  • Subdivision Name: Frax
  • Above Grade Finished Sq Ft: 1768
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • Property Attached Yn: No
  • ResoWindowFeatures: Blinds, Insulated Windows
  • Financial Info Electric: 200+ Amp Service, Circuit Breakers
  • AuctionYN: No
  • AccessibilityFeaturesYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Range, Water Softener Owned, Washer, Stainless Steel Appliance(s), Refrigerator, Gas Water Heater, Gas Range
  • Interior Amenities: Country Kitchen, Granite Counters
  • Basement: Daylight, Unfinished
  • Flooring: Laminate
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Other, Private Yard, Storage
  • Acres: 0.35
  • Waterfront Features: Lake Front, Lake Privileges
  • Waterfront: Yes
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck
  • Reso Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Additional Parking, Driveway, Off Street, Kitchen Level, Gravel

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Underground Utilities, Natural Gas Connected
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 15246
  • Additional Parcels: No
  • Parcel #: 917305000002600020

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1572

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,732 $291,400 $117,200 $174,200
2023 $1,572 $291,400 $117,200 $174,200
2022 $1,561 $269,800 $117,200 $152,600
2021 $1,386 $240,400 $117,200 $123,200
2020 $1,279 $225,000 $117,200 $107,800
2019 $1,066 $202,600 $110,100 $92,500
2018 $1,044 $202,600 $110,100 $92,500
2017 $955 $201,100 $110,100 $91,000
2016 $2,081 $201,100 $110,100 $91,000
2014 $2,111 $202,300 $110,100 $92,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $374,999 -2.6% $212 / Sq Ft
07/23/2025 07/23/25 Price Changed $384,999 -2.8% $218 / Sq Ft
06/19/2025 06/19/25 Price Changed $395,900 -1.0% $224 / Sq Ft
05/16/2025 05/16/25 Price Changed $399,900 -4.8% $226 / Sq Ft
05/08/2025 05/08/25 Price Changed $419,900 -2.3% $238 / Sq Ft
04/16/2025 04/16/25 For Sale $429,900 -- $243 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $350,100 Columbia Title Inc
Grant Deed $166,248 Columbia Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $132,999 New Conventional
Source: Public Records

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Source: Northwest Indiana Association of REALTORS®

MLS Number: 819154

Northwest Indiana Association of REALTORS®

APN: 91-73-05-000-002.600-020