NOT LISTED FOR SALE

5090 N 475 E Leesburg, IN 46538

Estimated Value: $198,114

1 Bed
1.5 Baths
424 Sq Ft
$467/Sq Ft Est. Value

Sale Details

Date Sold: July 31, 2024

Last sale price $220,000 $519 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,115 / mo

4 Days on Market

Highlights

  • Lake Front
  • Water Access
  • Fireplace in Bedroom
  • Docks
  • Updated Kitchen
  • Deck

About This Home

As of July 2024

Located on over 60 feet of East facing lake front, breathtaking sunrises await you at Shell Cottage on Shoe Lake. Built in 1940, the cottage has been lovingly maintained and tastefully updated, while preserving it's historic charm. Featuring the original windows, doors, wood floors, and more! At 424 sq ft this 1 bed, 1.25 bath cottage lives large, and has been used as a full time residence by the current owners for the past 3 years. The cottage is being offered fully furnished and decorated, and includes the Floe dock, paddle boat, and lift. This is your chance to own a piece of history in Kosciusko County. Come enjoy the slower pace of life at the lake.

Last Agent to Sell the Property

Morgan Lathery

Keller Williams Indy Metro Partners Brokerage Email: Morgan@thelatheryteam.com License #RB14042285 Listed on: 07/05/2024

Keller Williams Indy Metro Partners

Last Buyer's Agent

Non-BLC Member

MIBOR REALTOR® Association

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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $286

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 4,526 Sq Ft Lot
  • Lake Front

Home Design

  • Shingle Siding

Interior Spaces

  • 424 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Wood Burning Fireplace
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Lake Views
  • Crawl Space

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Oven
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Fireplace in Bedroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Docks
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 430818200359000023
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$286

Year Built

Built in 1940 | Remodeled

Lot Details

4,526 Sq Ft Lot

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Other
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1940
  • Building Area Total: 424
  • Garage Y N: No
  • Lot Size Acres: 0.1
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • MBR_AttributionContact: Morgan@thelatheryteam.com
  • Attribution Contact: Morgan@thelatheryteam.com
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: Dishwasher, Dryer, Microwave, Electric Oven, Range Hood, Refrigerator, Washer, Water Heater
  • Levels: One
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 1
  • Fireplace Features: Bedroom, Woodburning Fireplce
  • Fireplaces: 1
  • Interior Amenities: Breakfast Bar, Built In Book Shelves, Hardwood Floors, Eat-in Kitchen
  • Living Area: 424
  • Eating Area: Dining Combo/Kitchen
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 424
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 1
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 0

Exterior Features

  • Construction Materials: Shingle/Shake
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Deck Main Level
  • Property Condition: Updated/Remodeled
  • View: Lake, Water
  • View Y N: Yes
  • Waterfront Features: Dock, Lake Front, Water Access, Water View, Waterfront
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air
  • Laundry Features: Laundry Closet
  • Water Source: Private Well
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Property Attached Yn: No
  • Horse Amenities: None
  • Lot Size Sq Ft: 4526
  • Parcel Number: 430818200359000023
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 286
  • Tax Lot: 10
  • Semi Annual Property Tax Amt: 143

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2024
Closed on
Jul 30, 2024
Sold by
Bought by
Seller's Agent
Morgan Lathery
Keller Williams Indy Metro Partners
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Views
23
Current Estimated Value
$198,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,886
Avg. Annual Appreciation
-5.08%
Original Mortgage
$213,400
Outstanding Balance
$209,002
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
-$10,888

Purchase Details

Closed on
Jun 28, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2015
Sold by
Bought by

Purchase Details

Closed on
Oct 23, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,250
Interest Rate
5.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 2000
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$220,000 None Listed On Document
$90,000 Fidelity National Ttl Co Llc
-- None Available
-- None Available
$55,000 First Federal Savings Bank
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $213,400
Previous Owner $81,000
Previous Owner $53,000
Previous Owner $52,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/31/2024 07/31/24 Sold $220,000 -2.2% $519 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
07/05/2024 07/05/24 For Sale $225,000 -- $531 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $292 $105,100 $33,200 $71,900
2024 $313 $99,100 $31,300 $67,800
2023 $285 $95,200 $30,000 $65,200
2022 $190 $78,500 $23,100 $55,400
2021 $562 $56,700 $19,300 $37,400
2020 $589 $61,900 $19,300 $42,600
2019 $568 $57,700 $19,300 $38,400
2018 $502 $55,800 $19,300 $36,500
2017 $499 $54,300 $19,300 $35,000
2016 $401 $50,400 $17,100 $33,300
2014 $375 $42,800 $16,900 $25,900
2013 $375 $42,600 $16,900 $25,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21988671

MIBOR Broker Listing Cooperative®

APN: 43-08-18-200-359.000-023

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