UNDER CONTRACT
$70K PRICE DROP
515 Hoover Dr Princes Lakes, IN 46164
Estimated payment $3,074/month
Total Views
13,815
3
Beds
3.5
Baths
2,760
Sq Ft
$179
Price per Sq Ft
Highlights
- 110 Feet of Waterfront
- Lake Property
- Cathedral Ceiling
- Primary Bedroom Suite
- Ranch Style House
- 3 Car Attached Garage
About This Home
Stunning Lakefront Ranch with Panoramic Views and Exceptional Craftsmanship This beautifully maintained custom ranch home sits peacefully at the end of a quiet lane, nestled along a well-kept lake with some of the most breathtaking views you'll find. Perched near the dam, the home offers water views from nearly every room along the back, including the sunroom, kitchen, dining room, and the spacious primary suite. Step inside to find an open, light-filled layout anchored by a dramatic great room with cathedral ceilings and a stately gas-log fireplace. The kitchen features rich cabinetry, a breakfast bar, and newer stainless steel Maytag appliances-perfect for both everyday living and entertaining. Enjoy meals in the dining room or unwind in the sunroom, both of which open to a shared lakeside deck. The private primary suite also has its own secluded deck for morning coffee or quiet evenings. The luxurious primary bath includes double vanities with a makeup area, a beautifully tiled soaking tub, a separate shower, a private water closet, and a generous walk-in closet. With three bedrooms and 3.5 baths, there's plenty of space for family or guests. Downstairs, the nearly full walk-out basement offers 1,330 finished square feet with a full bath, egress windows, and finished walls and ceilings-ideal for creating an in-law suite or extended living area. Built in 2001 with quality materials and exceptional care, the home features a poured concrete foundation, a 3-car attached garage, and over 3,200 square feet of living space (1,966 main level). The curb appeal is equally impressive from both the street and across the shimmering lake. This is more than just a home-it's a serene lakefront retreat where thoughtful design meets timeless craftsmanship. The Seller is offering a one year home warranty.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,490
Year Built
- Built in 2001
Lot Details
- 0.54 Acre Lot
- 110 Feet of Waterfront
- Lake Front
- Landscaped
- Irregular Lot
- Sloped Lot
HOA Fees
- $49 per month
Parking
- 3 Car Attached Garage
- Garage Door Opener
- Gravel Driveway
Home Design
- Ranch Style House
- Brick Exterior Construction
- Poured Concrete
- Shingle Roof
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- Cathedral Ceiling
- Gas Log Fireplace
- Double Pane Windows
- Pocket Doors
- Living Room with Fireplace
- Water Views
- Pull Down Stairs to Attic
- Electric Dryer Hookup
Kitchen
- Breakfast Bar
- Gas Oven or Range
- Laminate Countertops
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom Suite
- Split Bedroom Floorplan
- Walk-In Closet
- Bathtub With Separate Shower Stall
Partially Finished Basement
- Walk-Out Basement
- 1 Bathroom in Basement
- Crawl Space
- Natural lighting in basement
Home Security
- Home Security System
- Storm Doors
Outdoor Features
- Lake Property
- Lake, Pond or Stream
Schools
- Indian Creek Elementary And Middle School
- Indian Creek High School
Utilities
- Central Air
- High-Efficiency Furnace
- Heating System Uses Gas
Additional Features
- Energy-Efficient Appliances
- Suburban Location
Listing and Financial Details
- Home warranty included in the sale of the property
- Assessor Parcel Number 41-11-33-024-003.000-021
- Seller Concessions Not Offered
Community Details
Overview
- $49 Other Monthly Fees
Recreation
- Community Playground
Map
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Home Values in the Area
Average Home Value in this Area
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 | $3,490 | $358,200 | $36,700 | $321,500 |
| 2023 | $3,346 | $322,300 | $36,700 | $285,600 |
| 2022 | $2,879 | $287,900 | $21,300 | $266,600 |
| 2021 | $2,625 | $262,500 | $21,900 | $240,600 |
| 2020 | $2,228 | $237,900 | $21,900 | $216,000 |
| 2019 | $2,336 | $251,500 | $21,900 | $229,600 |
| 2018 | $2,506 | $217,400 | $21,900 | $195,500 |
| 2017 | $2,513 | $216,400 | $21,900 | $194,500 |
| 2016 | $1,894 | $215,400 | $21,900 | $193,500 |
| 2014 | $1,821 | $208,300 | $21,900 | $186,400 |
| 2013 | $1,821 | $199,100 | $21,900 | $177,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Pending | -- | -- | -- |
| 06/21/2025 06/21/25 | Price Changed | $495,000 | -5.7% | $179 / Sq Ft |
| 05/30/2025 05/30/25 | Price Changed | $525,000 | -4.5% | $190 / Sq Ft |
| 05/22/2025 05/22/25 | Price Changed | $550,000 | -2.7% | $199 / Sq Ft |
| 05/03/2025 05/03/25 | For Sale | $565,000 | -- | $205 / Sq Ft |
Source: Indiana Regional MLS
Similar Homes in the area
Source: Indiana Regional MLS
MLS Number: 202516351
APN: 41-11-33-024-003.000-021
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