NOT LISTED FOR SALE

5014 N 475 E Leesburg, IN 46538

Estimated Value: $331,000 - $404,000

3 Beds
2 Baths
2,743 Sq Ft
$135/Sq Ft Est. Value

Last Sold April 12, 2024

Last sale price $329,000 $120 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,092/month

17 Days on Market

Highlights

  • 270 Feet of Waterfront
  • Primary Bedroom Suite
  • Lake Property
  • Pier or Dock
  • Open Floorplan
  • Vaulted Ceiling

About This Home

As of April 2024

Welcome to this amazing lakefront property boasting 270' of frontage with room to roam. Appreciate the peace and solitude while fishing or just relaxing on the water. Wake up to a beautiful sunrise and enjoy all day sun from this wonderful shoreline vantage point. Enjoy the convenience of having everything on one level with this sprawling ranch offering a variety of room options flowing from one living space to another. Entertaining made easy with this beautiful open concept kitchen, dining, and living areas capturing all the lake views while enjoying the stunning exposed ceiling beams and beautiful stone wood burning fireplace. Benefit from having an optional master bedroom suite or completely separate living quarters under the same roof for added flexibility. Relax and find your favorite spot with this spacious outdoor setting nicely landscaped with a variety of trees and plants providing privacy while catering to the surrounding wildlife. Avoid upfront costs with many recent updates and improvements completed both inside & out. Plenty of storage or shop space with this large 2 car attached garage with separate bays and oversized detached garage for larger equipment (boats/motorhome/etc.) along with additional finished office/studio room.

Last Agent to Sell the Property

Patrick Pfefferkorn

RE/MAX Results- Warsaw Brokerage Phone: 574-269-3801 Listed on: 02/19/2024

RE/MAX Results- Warsaw

Last Buyer's Agent

Joni Hire

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,327

Year Built

  • Built in 1945

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 270 x 233 x 195 x 85
  • 270 Feet of Waterfront
  • Lake Front
  • Backs to Open Ground
  • Rural Setting
  • Chain Link Fence
  • Landscaped
  • Level Lot
  • Irregular Lot

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Stone Driveway

Home Design

  • Ranch Style House
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,743 Sq Ft Home
  • Open Floorplan
  • Built-in Bookshelves
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Screen For Fireplace
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • Workshop
  • Water Views
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Kitchen Island
  • Stone Countertops
  • Utility Sink

Flooring

  • Wood
  • Carpet
  • Concrete
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry on main level
  • Electric Dryer Hookup

Basement

  • Block Basement Construction
  • Crawl Space

Home Security

  • Video Cameras
  • Fire and Smoke Detector

Outdoor Features

  • Sun Deck
  • Lake Property
  • Lake, Pond or Stream
  • Covered Deck
  • Enclosed Patio or Porch

Schools

  • North Webster Elementary School
  • Wawasee Middle School
  • Wawasee High School

Utilities

  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • Whole House Permanent Generator
  • Private Company Owned Well
  • Well
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 43-08-18-200-490.000-023

Community Details

Amenities

  • Community Fire Pit

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,327

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1945
  • Age: 79
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 12
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Stp Along Lake Shore Sw Pt Se Frcl 1/4 18-33-7 1.00A
  • Parcel Number ID: 43-08-18-200-490.000-023
  • Platted: Yes
  • Amenities: Attic Pull Down Stairs, Built-In Bookcase, Cable Available, Ceiling-9+, Ceiling Fan(s), Ceilings-Beamed, Ceilings-Vaulted, Countertops-Stone, Deck Covered, Deck Open, Deck on Waterfront, Detector-Smoke, Dryer Hook Up Electric, Eat-In Kitchen, Firepit, Foyer Entry, Garage Door Opener, Generator Built-In, Kitchen Island, Landscaped, Open Floor Plan, Patio Open, Porch Covered, Porch Enclosed, Range/Oven Hook Up Elec, Utility Sink, Alarm System-Sec. Cameras, Stand Up Shower, Tub/Shower Combination, Workshop, Main Level Bedroom Suite, Garage-Heated, Great Room, Main Floor Laundry
  • Grid: 55 - N.E. Kosc. Water
  • Location: Lake, Rural
  • Sp Lp Percent: 94.27
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2743
  • Total Finished Sq Ft: 2743
  • Above Grade Finished Sq Ft: 2743
  • Price Per Sq Ft: 119.94
  • Basement Foundation: Crawl, Slab
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Fireplace Screen/Door, Wood Burning, One
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Carpet, Concrete, Tile, Vinyl
  • Living Great Room: Dimensions: 23x20, On Level: Main
  • Kitchen: Dimensions: 15x11, On Level: Main
  • Dining Room: Dimensions: 14x13, On Level: Main
  • Family Room: Dimensions: 16x13, On Level: Main
  • Den: Dimensions: 8x7, On Level: Main
  • Recreation Room: Dimensions: 23x8, On Level: Main
  • Extra Room: Encl. Porch, Dimensions: 14x10, On Level: Main
  • Bedroom 1: Dimensions: 23x16, On Level: Main
  • Bedroom 2: Dimensions: 19x17, On Level: Main
  • Bedroom 3: Dimensions: 11x9, On Level: Main
  • Other Room1: Walk-In Closet, Dimensions: 9x7, On Level: Main
  • Other Room 2: Studio/Office, Dimensions: 20x8, On Level: Main
  • Other Room 3: Foyer, Dimensions: 13x10, On Level: Main
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: 2nd Detached Garage, Dimensions: 28x15
  • Fence: Chain Link
  • Lake Type: Non Ski Lake
  • Outbuilding2: Studio, Dimensions: 20x8, 160
  • Water Features: Pier/Dock
  • Water Frontage: 270
  • Water Name: Shoe Lake

Garage/Parking

  • Driveway: Concrete, Stone
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 22x24
  • Garage Sq Ft: 528
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air, Multiple Heating Systems
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx7, On Level: 8
  • Water Type: Lake
  • Well Type: Private

Schools

  • School District: Wawasee
  • Elementary School: North Webster
  • Middle School: Wawasee
  • High School: Wawasee
  • Elementary School: North Webster

Lot Info

  • Lot Description: Irregular, Level, Slope, Waterfront, Lake, Water View
  • Lot Dimensions: 270 x 233 x 195 x 85
  • Estimated Lot Sq Ft: 30056
  • Estimated Lot Size Acres: 0.69

Tax Info

  • Annual Taxes: 1326.88
  • Exemptions: Homestead

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: Wawasee
  • Middle School: Wawasee
  • School District: Wawasee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2024
Closed on
Apr 10, 2024
Sold by
Baney Marilyn A
Bought by
Possell Stephen and English Toni
Seller's Agent
Patrick Pfefferkorn
RE/MAX Results- Warsaw
Buyer's Agent
Joni Hire
Coldwell Banker Real Estate Group
List Price
$349,000
Sold Price
$329,000
Premium/Discount to List
-$20,000
-5.73%
Views
122
Current Estimated Value
$371,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,574
Avg. Annual Appreciation
6.90%
Original Mortgage
$312,550
Outstanding Balance
$309,301
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$52,867

Purchase Details

Closed on
May 11, 2000
Sold by
Freeman Hobart E and Freeman June T
Bought by
Freeman June T

Purchase Details

Closed on
Apr 8, 1999
Sold by
Freeman Hobart E and Freeman June T
Bought by
Freeman Hobart E and Freeman June
Source: Public Records

Range of Values:

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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
Possell Stephen $329,000 Fidelity National Title
Freeman June T -- --
Freeman Hobart E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Possell Stephen $312,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $329,000 -5.7% $120 / Sq Ft
02/19/2024 02/19/24 For Sale $349,000 -- $127 / 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 $1,554 $301,600 $131,400 $170,200
2023 $1,531 $289,300 $126,000 $163,300
2022 $1,327 $242,400 $97,200 $145,200
2021 $1,042 $196,000 $81,100 $114,900
2020 $1,026 $200,800 $81,100 $119,700
2019 $968 $194,500 $81,100 $113,400
2018 $851 $189,000 $81,100 $107,900
2017 $839 $184,000 $81,100 $102,900
2016 $712 $181,200 $79,600 $101,600
2014 $722 $171,100 $79,600 $91,500
2013 $722 $170,300 $79,600 $90,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202405319

Indiana Regional MLS

APN: 43-08-18-200-490.000-023