NOT LISTED FOR SALE

50705 E Indiana Lake Rd Bristol, IN 46507

Estimated Value: $453,000 - $588,000

4 Beds
2.5 Baths
3,272 Sq Ft
$155/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $545,000 $167 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,107/month

64 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Primary Bedroom Suite
  • 1 Fireplace
  • Pier or Dock
  • Lake Property
  • Community Fire Pit

About This Home

As of October 2022

Welcome to Indiana Lake! VRBO/AIRBNB POTENTIAL ANYWHERE FROM $400-600+ PER NIGHT AS THIS HOME SLEEPS 14+ AND ITS TURN KEY SO CAN MAKE MONEY RIGHT BY RENTING OUT FOR ND GAMES! YOU CAN ALSO ENJOY LOWER TAXES WITH AN INDIANA ADDRESS COMPARED TO YOUR MICHIGAN NEIGHBORS. Own a piece of paradise in this very well maintained 3272 sq. ft lakefront retreat. Offering 50ft of clean, sandy lake frontage. This home includes a main level master suite and 3 more large bedrooms, full bath and loft area upstairs. Enjoy the views of the lake from the main level and loft area with the wall of windows. Enjoy morning coffee on the patio or enjoy the sunset and late night fires at the lakefront firepit. The large back lot is perfect for extra parking or building a pole barn/man cave for overflow guests. This home comes fully furnished including a stocked kitchen. Enjoy the last part of summer and begin building great memories! Indiana lake is a PRIVATE 122 acre all sports lake. 30 min. to South Bend and 2 hours from Chicago. This won't last long

Last Agent to Sell the Property

Michelle Scott

Indiana Lake & Luxury Homes Inc Listed on: 07/28/2022

Last Buyer's Agent

Robert Shannon

Cressy & Everett - South Bend

Cressy & Everett - South Bend

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,984

Year Built

  • Built in 1958

Lot Details

  • 9,235 Sq Ft Lot
  • Lot Dimensions are 50x185
  • 50 Feet of Waterfront
  • Lake Front
  • Level Lot

Parking

  • Driveway

Home Design

  • Slab Foundation
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Entrance Foyer
  • Water Views
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Electric Oven or Range

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite

Laundry

  • Laundry on main level
  • Electric Dryer Hookup

Outdoor Features

  • Waterski or Wakeboard
  • Seawall
  • Lake Property
  • Lake, Pond or Stream
  • Patio

Schools

  • Bristol Elementary School
  • Pierre Moran Middle School
  • Elkhart High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 20-03-10-351-020.000-030

Community Details

Amenities

  • Community Fire Pit

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,984

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1958
  • Age: 64
  • Style: Two Story
  • Total Number of Rooms: 10
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: FERN RIDGE 3RD W OF DR LOT 2
  • Parcel Number ID: 20-03-10-351-020.000-030
  • Platted: Yes
  • Amenities: Breakfast Bar, Dryer Hook Up Electric, Firepit, Foyer Entry, Patio Open, Range/Oven Hook Up Elec, Main Level Bedroom Suite, Main Floor Laundry
  • Cross Street: Church
  • Location: Lake
  • Parcel Id2: 0310351020030
  • Sp Lp Percent: 93.02
  • Year Taxes Payable: 2020
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 3272
  • Total Finished Sq Ft: 3272
  • Above Grade Finished Sq Ft: 3272
  • Price Per Sq Ft: 166.56
  • Basement Foundation: Crawl, Slab
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Ceramic Tile
  • Living Great Room: Dimensions: 20x26, On Level: Main
  • Kitchen: Dimensions: 20x12, On Level: Main
  • Dining Room: Dimensions: 12x12, On Level: Main
  • Family Room: Dimensions: 12x12, On Level: Main
  • Bedroom 1: Dimensions: 16x12, On Level: Main
  • Bedroom 2: Dimensions: 10x12, On Level: Upper
  • Bedroom 3: Dimensions: 20x12, On Level: Upper
  • Bedroom 4: Dimensions: 10x12, On Level: Upper
  • Loft: Dimensions: 30x10
  • Main Level Sq Ft: 3272
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1

Exterior Features

  • Exterior: Stone, Vinyl
  • Outbuilding1: Outbuilding, Dimensions: 10x25
  • Lake Type: Ski Lake
  • Sea Wall Type: Concrete
  • Water Features: Pier/Dock
  • Water Frontage: 50
  • Water Name: Indiana Lake

Garage/Parking

  • Driveway: Concrete

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Water Type: Lake
  • Well Type: Private

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Bristol
  • Middle School: Pierre Moran
  • High School: Elkhart
  • Elementary School: Bristol

Lot Info

  • Lot Description: Level, Waterfront, Lake, Water View
  • Lot Dimensions: 50X185
  • Estimated Lot Sq Ft: 9235
  • Estimated Lot Size Acres: 0.21
  • Lot Number: 2

Tax Info

  • Annual Taxes: 1984.22
  • Total Assessed Value: 242700

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: Elkhart
  • Middle School: Pierre Moran
  • School District: Elkhart Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Nov 3, 2022
Sold by
Gourlay Scott A and Gourlay Christina M
Bought by
Remke Andrea
Seller's Agent
Michelle Scott
Indiana Lake & Luxury Homes Inc
Buyer's Agent
Robert Shannon
Cressy & Everett - South Bend
List Price
$625,000
Sold Price
$545,000
Premium/Discount to List
-$80,000
-12.8%
Views
33
Current Estimated Value
$507,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,699
Avg. Annual Appreciation
-2.85%
Original Mortgage
$436,000
Outstanding Balance
$423,086
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$79,324

Purchase Details

Listed on
Jul 28, 2020
Closed on
Oct 16, 2020
Sold by
Gless Greg A and Gless Brigette N
Bought by
Mcvey Chad A and Mcvey Melinda J
Seller's Agent
Brian Waters
Mentor Listing Realty, Inc.
Buyer's Agent
LAF NonMember
NonMember LAF
List Price
$475,000
Sold Price
$460,000
Premium/Discount to List
-$15,000
-3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.71%
Original Mortgage
$368,008
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 29, 2018
Closed on
Oct 26, 2018
Sold by
Calvin J Berkey And Marcia L Berkey 2014
Bought by
Gless Greg A and Gless Brigette N
Seller's Agent
David Myers
Myers Trust Real Estate
Buyer's Agent
Michael Payne
Coldwell Banker Real Estate Gr
List Price
$349,900
Sold Price
$340,000
Premium/Discount to List
-$9,900
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.49%
Original Mortgage
$0
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2014
Sold by
Berkey Calvin J and Berkey Marcia L
Bought by
The Calvin J Berkey & Marcia L Berkey 20 and Berkey Marcia L

Purchase Details

Closed on
Jun 24, 2008
Sold by
Lasalle Bank Na
Bought by
Berkey Calvin J and Berkey Marcia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.39%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 30, 2008
Sold by
Farrell Ralph and Bailey Joseph W
Bought by
Lasalle Bank Na

Purchase Details

Closed on
Dec 26, 2006
Sold by
Bailey Joseph W
Bought by
Farrell Ralph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
8.75%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 11, 2006
Sold by
Cutter Becky L
Bought by
Bailey Joseph W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,600
Interest Rate
6.54%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 17, 2003
Sold by
Cutter Randall L and Cutter Becky L
Bought by
Cutter Becky L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.5%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Remke Andrea -- Fidelity National Title
Mcvey Chad A -- Metropolitan Title
Gless Greg A -- New Title Company Name
Gless Greg A -- New Title Company Name
The Calvin J Berkey & Marcia L Berkey 20 -- None Available
Berkey Calvin J -- --
Lasalle Bank Na $174,291 None Available
Farrell Ralph -- Aa Title Co
Bailey Joseph W -- Lawyers Title
Cutter Becky L -- Ace Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Remke Andrea $436,000
Previous Owner Mcvey Chad A $368,008
Previous Owner Gless Greg A $0
Previous Owner Berkey Calvin J $120,000
Previous Owner Berkey Calvin J $78,000
Previous Owner Berkey Calvin J $80,000
Previous Owner Farrell Ralph $220,000
Previous Owner Farrell Ralph $55,000
Previous Owner Bailey Joseph W $176,900
Previous Owner Bailey Joseph W $177,600
Previous Owner Bailey Joseph W $177,650
Previous Owner Cutter Becky L $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $545,000 -7.0% $167 / Sq Ft
09/30/2022 09/30/22 Pending -- -- --
09/07/2022 09/07/22 Price Changed $585,900 -2.3% $179 / Sq Ft
09/01/2022 09/01/22 Price Changed $599,899 0.0% $183 / Sq Ft
08/11/2022 08/11/22 Price Changed $599,900 -4.0% $183 / Sq Ft
07/28/2022 07/28/22 For Sale $625,000 +35.9% $191 / Sq Ft
10/16/2020 10/16/20 Sold $460,000 0.0% $141 / Sq Ft
08/11/2020 08/11/20 Price Changed $460,000 -3.2% $141 / Sq Ft
07/28/2020 07/28/20 For Sale $475,000 +39.7% $145 / Sq Ft
10/26/2018 10/26/18 Sold $340,000 -2.8% $105 / Sq Ft
09/20/2018 09/20/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $349,900 -- $108 / 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 $4,099 $301,400 $67,100 $234,300
2022 $4,099 $269,400 $67,100 $202,300
2021 $3,613 $242,700 $67,100 $175,600
2020 $1,999 $232,200 $67,100 $165,100
2019 $1,854 $220,500 $67,100 $153,400
2018 $1,481 $175,000 $67,100 $107,900
2017 $3,214 $177,700 $67,100 $110,600
2016 $3,098 $173,800 $67,100 $106,700
2014 $3,081 $166,000 $67,100 $98,900
2013 $3,266 $166,000 $67,100 $98,900
Source: Public Records

Agents Affiliated with this Home

  • Michelle Scott

    Seller's Agent in 2022

    Michelle Scott

    Indiana Lake & Luxury Homes Inc

    (574) 286-9050

    65 Total Sales

    Section Image
  • Robert Shannon

    Buyer's Agent in 2022

    Robert Shannon

    Cressy & Everett - South Bend

    (574) 240-8321

    102 Total Sales

    Section Image

  • B

    Seller's Agent in 2020

    Brian Waters

    Mentor Listing Realty, Inc.

    (214) 924-0450

    100 Total Sales

    Section Image

  • L

    Buyer's Agent in 2020

    LAF NonMember

    NonMember LAF

  • David Myers

    Seller's Agent in 2018

    David Myers

    Myers Trust Real Estate

    (574) 875-5149

    83 Total Sales

    Section Image
  • Michael Payne

    Buyer's Agent in 2018

    Michael Payne

    Coldwell Banker Real Estate Gr

    (260) 740-6411

    119 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202231341

Indiana Regional MLS

APN: 20-03-10-351-020.000-030

Indiana Elkhart County Bristol 46507

50705 E Indiana Lake Rd, Bristol, IN

This home is located at 50705 E Indiana Lake Rd, Bristol, IN 46507 since 28 July 2022 and is currently estimated at $507,301, approximately $155 per square foot. This property was built in 1958. 50705 E Indiana Lake Rd is a home located in Elkhart County with nearby schools including Bristol Elementary School, Pierre Moran Middle School, and Elkhart High School's Freshman Division.

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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