NOT LISTED FOR SALE

506 Lake Crossing Ln Franklin, IN 46131

Estimated Value: $299,959 - $306,000

4 Beds
2.5 Baths
1,893 Sq Ft
$160/Sq Ft Est. Value

Last Sold February 11, 2021

Last sale price $197,400 $104 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,071/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Built-in Bookshelves
  • Shed
  • 2 Car Attached Garage
  • Walk-In Closet
  • 2-minute walk to Blue Heron Park & Wetland

About This Home

As of February 2021

This home sits on a premium lake lot in popular Franklin Lakes! Get ready to enjoy your four bedroom home with some of the most picturesque views from your deck and gazebo. Walk into your open floor plan that combines a large living room with a fireplace, island kitchen and dining room. To cold for the deck? No problem, enjoy you sunroom on those crisp clear days. No carpet downstairs make for easy cleaning. Upstairs with four bedrooms including the master suite. Upstairs laundry for your added convenience. Lot almost a 3rd of and acre with added mini barn and extra concrete pad for parking. Mature trees add to the homey look. Blue Herron Park and Franklin walking trail within a minutes walk connecting to downtown Franklin.

Last Agent to Sell the Property

Cindy Stockhaus

Better Homes and Gardens Real Estate Gold Key License #RB14040140 Listed on: 12/04/2020

Better Homes and Gardens Real Estate Gold Key

Co-Listed By

Michael Stockhaus

Better Homes and Gardens Real Estate Gold Key License #RB14042074

Last Buyer's Agent

Mandy Sheckles

F.C. Tucker Company

F.C. Tucker Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,724

Year Built

  • Built in 1995

Lot Details

  • 0.3

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Fireplace Features Blower Fan
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Vinyl Clad Windows
  • Window Screens
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room

Kitchen

  • Gas Oven
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Attic

  • Attic Access Panel
  • Pull Down Stairs to Attic

Home Security

  • Security System Leased
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Shed
  • 0.3 Acre Lot

Community Details

  • Association fees include home owners, maintenance
  • Franklin Lakes Subdivision
  • Property managed by CASI
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 410823023010000009

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,724

Year Built

Built in 1995

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Multi-Level, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2020
  • Year Built: 1995
  • Co List Office Phone: 317-888-3303
  • Garage Y N: Yes
  • Lot Size Acres: 0.301
  • Subdivision Name: FRANKLIN LAKES
  • Inspection Warranties: Not Applicable
  • Property Description: This home sits on a premium lake lot in popular Franklin Lakes! Get ready to enjoy your four bedroom home with some of the most picturesque views from your deck and gazebo. Walk into your open floor plan that combines a large living room with a fireplace, island kitchen and dining room. To cold for the deck? No problem, enjoy you sunroom on those crisp clear days. No carpet downstairs make for easy cleaning. Upstairs with four bedrooms including the master suite. Upstairs laundry for your added convenience. Lot almost a 3rd of and acre with added mini barn and extra concrete pad for parking. Mature trees add to the homey look. Blue Herron Park and Franklin walking trail within a minutes walk connecting to downtown Franklin.
  • Transaction Type: Sale
  • Website: https://www.callcarpenter.com/real-estate/506-lake-crossing-lane-franklin-in-46131/21756008/103241260
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Disposal, MicroHood, Gas Oven, Refrigerator
  • Levels: Two
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Blower Fan, Gas Log, Living Room, Masonry
  • Fireplaces: 1
  • Interior Amenities: Attic Access, Attic Pull Down Stairs, Built In Book Shelves, Walk-in Closet(s), Screens Complete, Windows Vinyl
  • Living Area: 1893
  • Other Equipment: Security Alarm Rented, Smoke Detector
  • Room Count: 9
  • Areas Interior: Foyer Small,Laundry Room Upstairs
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 0
  • Sq Ft Main Upper: 1893
  • Main Level Sq Ft: 905
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Master Bedroom Description: Closet Walk in,Shower Stall Full,Suite
  • Total Sq Ft: 1893
  • Kitchen Features: Pantry
  • Below Grade Sq Ft: 0
  • Upper Level Sq Ft: 988

Exterior Features

  • Construction Materials: Vinyl With Brick
  • Disclosures: Not Applicable
  • Exterior Features: Barn Mini, Driveway Concrete
  • Foundation Details: Slab
  • List Price: 199900
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level,Gazebo

Garage/Parking

  • Garage Spaces: 2
  • Fuel: Gas
  • Garage Parking Description: Attached
  • Garage Parking Other: Garage Door Opener,Storage Area
  • Garage Sq Ft: 420

Utilities

  • Sewer: Sewer Connected
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: 0
  • Utility Options: Cable Available,Gas Connected,High Speed Internet Avail
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Management Company Name: CASI
  • Management Company Phone: 317-789-0000
  • H O A Disclosures: Covenants & Restrictions

Fee Information

  • Association Fee Includes: Association Home Owners, Maintenance
  • Mandatory Fee: 185

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 410823023010000009
  • Acres: 1/4-1/2 Acre
  • Lot Information: Corner,Lakefront,Sidewalks,Tree Mature
  • Lot Number: 140
  • Lot Size: 13112

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1724
  • Semi Annual Property Tax Amt: 862
  • Tax Exemption: HomesteadTaxExemption,MortageTaxExemption

MLS Schools

  • School District: Franklin Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Feb 5, 2021
Sold by
Hanson Jill
Bought by
Yamasa Co Ltd
Seller's Agent
Cindy Stockhaus
Better Homes and Gardens Real Estate Gold Key
Buyer's Agent
Mandy Sheckles
F.C. Tucker Company
List Price
$199,900
Sold Price
$197,400
Premium/Discount to List
-$2,500
-1.25%
Current Estimated Value
$303,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,840
Avg. Annual Appreciation
9.20%

Purchase Details

Closed on
Nov 19, 2015
Sold by
Sherrill John M
Bought by
Hanson Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,856
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 8, 2014
Sold by
Barker Oliver
Bought by
Sherrill John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,127
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2011
Sold by
Turner Mark P and Turner Sharon G
Bought by
Barker Oliver

Purchase Details

Closed on
Aug 2, 2006
Sold by
Fisher James R and Fisher Lori A
Bought by
Turner Mark P and Turner Sharon G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
6.83%
Mortgage Type
New Conventional
Source: Public Records

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
Yamasa Co Ltd $197,400 None Available
Hanson Jill -- None Available
Sherrill John M -- None Available
Barker Oliver -- Chicago Title
Turner Mark P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hanson Jill $140,856
Previous Owner Sherrill John M $138,127
Previous Owner Turner Mark P $103,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2021 02/11/21 Sold $197,400 -1.3% $104 / Sq Ft
12/07/2020 12/07/20 Pending -- -- --
12/04/2020 12/04/20 For Sale $199,900 -- $106 / 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
2025 $5,557 $293,100 $35,000 $258,100
2024 $5,557 $250,600 $35,000 $215,600
2023 $5,406 $242,200 $35,000 $207,200
2022 $2,250 $197,400 $25,000 $172,400
2021 $2,040 $186,100 $25,000 $161,100
2020 $1,874 $171,800 $25,000 $146,800
2019 $1,723 $158,700 $19,900 $138,800
2018 $1,988 $150,500 $19,900 $130,600
2017 $1,461 $140,900 $19,900 $121,000
2016 $1,457 $140,100 $19,900 $120,200
2014 $2,832 $139,200 $20,100 $119,100
2013 $2,832 $140,400 $20,100 $120,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21756008

MIBOR Broker Listing Cooperative®

APN: 41-08-23-023-010.000-009