NOT LISTED FOR SALE

5047 E Shady Point Dr Monticello, IN 47960

Estimated Value: $292,000 - $399,000

2 Beds
1 Bath
972 Sq Ft
$364/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $186,000 $191 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,028/month

137 Days on Market

Highlights

  • 53 Feet of Waterfront
  • Lake, Pond or Stream
  • Utility Room in Garage
  • Pier or Dock
  • Wood Flooring
  • 1 Car Detached Garage

About This Home

As of September 2019

Great views of Main Lake Shafer. The lake front is a fantastic feature of ths 2 bedroom, 1 bathroom lake home. The water front has a permanent boat lift with a pier the runs the entire length of the concrete sea wall. The family room could easily be converted into a 3rd bedroom or make the 2nd bedroom larger. See photos. There are nice hardwood floors in the living area and ceramic tile in the kitchen and bath.

Last Agent to Sell the Property

Marie Green

Koppelmann Real Estate Listed on: 03/30/2019

Last Buyer's Agent

John Koppelmann

Koppelmann Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,570

Year Built

  • Built in 1938

Lot Details

  • 6,042 Sq Ft Lot
  • Lot Dimensions are 53 x 114
  • 53 Feet of Waterfront
  • Lake Front
  • Rural Setting
  • Level Lot
  • Property is zoned L-1 Lake District

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Cabin
  • Shingle Roof
  • Asphalt Roof
  • Metal Siding

Interior Spaces

  • 1-Story Property
  • Built-in Bookshelves
  • Ceiling Fan
  • Screen For Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Utility Room in Garage
  • Electric Dryer Hookup
  • Water Views
  • Crawl Space
  • Attic Fan
  • Laminate Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Separate Shower

Outdoor Features

  • Sun Deck
  • Waterski or Wakeboard
  • Seawall
  • Lake, Pond or Stream
  • Porch

Schools

  • North White Primary Elementary School
  • North White Middle School
  • North White High School

Utilities

  • Central Air
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well

Listing and Financial Details

  • Assessor Parcel Number 918311000028500010

Community Details

Overview

  • Shady Point Park Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,570

Year Built

Built in 1938

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1938
  • Age: 81
  • Style: One Story
  • Architectural Style: Cabin/Cottage
  • Total Number of Rooms: 5
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: SHADY POINT PARK LOT 18
  • Parcel Number ID: 918311000028500010
  • Platted: Yes
  • Amenities: Built-In Bookcase, Ceiling Fan(s), Countertops-Laminate, Deck on Waterfront, Dryer Hook Up Electric, Porch Open, Stand Up Shower, Garage Utilities
  • Cross Street: East Shafer Drive and 500 E
  • Improvmnts In Last5 Yrs: Yes
  • Location: Rural
  • Sp Lp Percent: 93.05
  • County Zoning: L-1 Lake District
  • Year Taxes Payable: 2019
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1944
  • Total Finished Sq Ft: 972
  • Above Grade Finished Sq Ft: 972
  • Above Grade Unfinished Sq Ft: 972
  • Price Per Sq Ft: 191.36
  • Basement Foundation: Crawl
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Fireplace Screen/Door
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood Floors
  • Living Great Room: Dimensions: 17x27, On Level: Main
  • Kitchen: Dimensions: 8x12, On Level: Main
  • Family Room: Dimensions: 24x10, On Level: Main
  • Bedroom 1: Dimensions: 12x8, On Level: Main
  • Bedroom 2: Dimensions: 7x8, On Level: Main
  • Main Level Sq Ft: 972
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Metal
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: Shed, Dimensions: 25x10
  • Lake Type: Ski Lake
  • Sea Wall Type: Concrete
  • Water Features: Pier/Dock
  • Water Frontage: 53
  • Water Name: Lake Shafer

Garage/Parking

  • Driveway: Asphalt
  • Garage Type: Detached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 26x12
  • Garage Sq Ft: 312
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: Regional
  • Water Utilities: Well
  • Electric Company: REMC
  • Gas Company: NIPSCO
  • Hvac: Attic Fan, Ceiling Fan
  • Water Type: Lake
  • Well Type: Private

Condo/Co-op/Association

  • Other Fee Description: ShaferFreemanLakesEnvironmental Conservation Corp
  • Other Fees Dollar: 100

Schools

  • School District: North White School Corp.
  • Elementary School: North White Primary
  • Middle School: North White
  • High School: North White
  • Elementary School: North White Primary

Lot Info

  • Lot Description: Level, Waterfront, Water View, Waterfront-Level Bank
  • Lot Dimensions: 53 X 114
  • Estimated Lot Sq Ft: 6042
  • Estimated Lot Size Acres: 0.14

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Tax Info

  • Annual Taxes: 1569.6

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: North White
  • Middle School: North White
  • School District: North White School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2019
Closed on
Sep 20, 2019
Sold by
Sheridan Thomas A
Bought by
Reinhardt Timothy P
Seller's Agent
Marie Green
Koppelmann Real Estate
Buyer's Agent
John Koppelmann
Koppelmann Real Estate
List Price
$217,900
Sold Price
$186,000
Premium/Discount to List
-$31,900
-14.64%
Current Estimated Value
$353,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,749
Avg. Annual Appreciation
11.09%
Original Mortgage
$148,800
Outstanding Balance
$130,337
Interest Rate
3.6%
Mortgage Type
Construction
Estimated Equity
$223,412

Purchase Details

Closed on
Aug 29, 2008
Sold by
Jereld W Robertson
Bought by
Thomas Alan Sheridan
Source: Public Records

Range of Values:

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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
Reinhardt Timothy P $185,000 Attorney Only
Thomas Alan Sheridan $172,500 White County Abstract & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reinhardt Timothy P $148,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2019 09/20/19 Sold $186,000 -7.0% $191 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/23/2019 07/23/19 Price Changed $199,900 -2.4% $206 / Sq Ft
07/10/2019 07/10/19 Price Changed $204,900 -2.4% $211 / Sq Ft
05/13/2019 05/13/19 Price Changed $209,900 -3.7% $216 / Sq Ft
03/30/2019 03/30/19 For Sale $217,900 -- $224 / 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 $2,078 $254,300 $100,700 $153,600
2023 $2,021 $232,600 $100,700 $131,900
2022 $1,942 $194,600 $100,700 $93,900
2021 $1,842 $179,800 $100,700 $79,100
2020 $1,898 $169,200 $93,300 $75,900
2019 $1,632 $152,500 $84,000 $68,500
2018 $1,570 $150,000 $84,000 $66,000
2017 $1,620 $144,400 $84,000 $60,400
2016 $1,480 $144,400 $84,000 $60,400
2014 $1,410 $154,200 $88,600 $65,600
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Marie Green

    Koppelmann Real Estate

    Section Image
  • John Koppelmann

    Buyer's Agent in 2019

    John Koppelmann

    Koppelmann Real Estate

    (574) 870-0688

    84 Total Sales

    John Koppelmann
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201911382

Indiana Regional MLS

APN: 91-83-11-000-028.500-010

Indiana White County Monticello 47960

5047 E Shady Point Dr, Monticello, IN

This home is located at 5047 E Shady Point Dr, Monticello, IN 47960 since 30 March 2019 and is currently estimated at $353,749, approximately $363 per square foot. This property was built in 1938. 5047 E Shady Point Dr is a home located in White County with nearby schools including North White Elementary School, North White Middle School, and North White Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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