NOT LISTED FOR SALE

51531 Lakeland Rd Elkhart, IN 46514

Simonton Lake Neighborhood

Estimated Value: $220,000 - $262,863

2 Beds
2 Baths
1,200 Sq Ft
$200/Sq Ft Est. Value

Last Sold February 01, 2019

Last sale price $127,000 $106 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $1,348/month

63 Days on Market

Highlights

  • RV Parking in Community
  • Wood Flooring
  • 1 Car Attached Garage
  • Primary Bedroom Suite
  • Covered Patio or Porch
  • Eat-In Kitchen

About This Home

As of February 2019

Back on market!! Price Reduced 127,000! Investors take a look. Great as home with pole barn or rental ready opportunity with personal storage. Looking for some space to spread out, maybe a hobby barn or storage area? Look no further! Nice split level home on 1 ACRE with 1152 sq. ft. POLE BARN! Within walking distance to Simonton Lake boat access. Freshly painted, hardwood floors, 2 bedrooms and 1 bath upstairs and potential third bedroom with full bath located on main level, just off garage. Could make a great office, guest suite or with a little work a second rental. So much potential, Schedule your showing today! Buyer's agent to verify schools, room sizes. Lot size is just under 1 acre.

Last Agent to Sell the Property

Kim Summers

Berkshire Hathaway HomeServices Elkhart Listed on: 10/30/2018

Last Buyer's Agent

TARAH SHETERON

Cressy & Everett - South Bend

Cressy & Everett - South Bend

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $333

Year Built

  • Built in 1975

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 150x290
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Slab Foundation
  • Block Exterior
  • Asphalt

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Community Details

  • RV Parking in Community

Listing and Financial Details

  • Assessor Parcel Number 20-02-16-301-001.000-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$333

Year Built

Built in 1975

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1975
  • Age: 44
  • Style: Two Story
  • Total Number of Rooms: 6
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LAKELAND GARDENS LOT 11;LC |
  • Parcel Number ID: 20-02-16-301-001.000-026
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Countertops-Laminate, Eat-In Kitchen, Patio Covered, Patio Open, RV Parking, Main Level Bedroom Suite
  • Cross Street: Lake Drive
  • Sp Lp Percent: 100
  • Special Features: None

Interior Features

  • Total Sq Ft: 1660
  • Total Finished Sq Ft: 1200
  • Above Grade Finished Sq Ft: 1040
  • Below Grade Finished Sq Ft: 160
  • Below Grade Sq Ft: 460
  • Price Per Sq Ft: 122.12
  • Basement Foundation: Slab
  • Flooring: Hardwood Floors
  • Kitchen: Dimensions: 20x15
  • Recreation Room: Dimensions: 10x9, On Level: Main
  • Bedroom 1: Dimensions: 11x11, On Level: Upper
  • Bedroom 2: Dimensions: 12x8, On Level: Upper
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 620

Exterior Features

  • Exterior: Asphalt, Block
  • Outbuilding1: Pole/Post Building, Dimensions: 48x24

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 25x15
  • Garage Sq Ft: 375
  • Garage: Yes

Utilities

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

Schools

  • School District: Elkhart Community Schools
  • Elementary School: Mary Feeser
  • Middle School: North Side
  • High School: Elkhart Memorial

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 150x290
  • Estimated Lot Sq Ft: 43500
  • Estimated Lot Size Acres: 0.9986

Tax Info

  • Annual Taxes: 332.58
  • Exemptions: Homestead, Mortgage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2024
Sold by
Sarber Eric
Bought by
Bakeman Travis
Current Estimated Value
$240,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,150
Outstanding Balance
$241,387
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
-$921

Purchase Details

Listed on
Oct 30, 2018
Closed on
Feb 4, 2019
Sold by
Laura Hazen
Bought by
Sarber Eric
Seller's Agent
Kim Summers
Berkshire Hathaway HomeServices Elkhart
Buyer's Agent
TARAH SHETERON
Cressy & Everett - South Bend
List Price
$129,975
Sold Price
$127,000
Premium/Discount to List
-$2,975
-2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.11%
Original Mortgage
$0
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2018
Closed on
Jan 29, 2019
Sold by
Laura Hazen
Bought by
Sarber Eric
Seller's Agent
Kim Summers
Berkshire Hathaway HomeServices Elkhart
Buyer's Agent
TARAH SHETERON
Cressy & Everett - South Bend
List Price
$129,975
Sold Price
$127,000
Premium/Discount to List
-$2,975
-2.29%

Home Financials for this Owner

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

Purchase Details

Listed on
Jun 22, 2016
Closed on
Aug 19, 2016
Sold by
Rody Robert
Bought by
Pierucki Laura
Seller's Agent
Diana Slessman
Cressy & Everett- Elkhart
Buyer's Agent
Lorri McMichael
Berkshire Hathaway HomeServices Northern Indiana Real Estate
List Price
$124,900
Sold Price
$120,000
Premium/Discount to List
-$4,900
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.34%
Original Mortgage
$117,826
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 25, 2011
Sold by
Spaugh Robert G and Spaugh Dorothy J
Bought by
Rody Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,900
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 15, 2011
Sold by
Hall James A
Bought by
Spaugh Robert G and Spaugh Dorothy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,900
Interest Rate
8%
Mortgage Type
Seller Take Back
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
Bakeman Travis -- Meridian Title
Sarber Eric -- None Listed On Document
Sarber Eric -- None Listed On Document
Pierucki Laura -- Fidelity National Title Co L
Rody Robert -- Fidelity National Title Co
Rody Robert $42,900 Lawyers Title
Spaugh Robert G -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bakeman Travis $244,150
Previous Owner Sarber Eric $29,500
Previous Owner Sarber Eric $120,000
Previous Owner Sarber Eric $0
Previous Owner Rody Robert $117,826
Previous Owner Rody Robert $32,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2019 02/01/19 Sold $127,000 0.0% $106 / Sq Ft
01/01/2019 01/01/19 Pending -- -- --
12/17/2018 12/17/18 Price Changed $127,000 -2.3% $106 / Sq Ft
12/11/2018 12/11/18 For Sale $129,975 0.0% $108 / Sq Ft
12/11/2018 12/11/18 Price Changed $129,975 -4.7% $108 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
10/30/2018 10/30/18 For Sale $136,375 +13.6% $114 / Sq Ft
08/19/2016 08/19/16 Sold $120,000 -3.9% $103 / Sq Ft
07/10/2016 07/10/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $124,900 -- $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 $799 $123,300 $20,700 $102,600
2022 $799 $111,400 $20,700 $90,700
2021 $631 $100,500 $20,700 $79,800
2020 $680 $98,900 $20,700 $78,200
2019 $461 $79,400 $20,700 $58,700
2018 $720 $100,700 $19,400 $81,300
2017 $665 $95,300 $19,400 $75,900
2016 $397 $62,900 $19,400 $43,500
2014 $480 $81,000 $19,400 $61,600
2013 $512 $81,000 $19,400 $61,600
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Kim Summers

    Berkshire Hathaway HomeServices Elkhart

    Section Image
  • TARAH SHETERON

    Buyer's Agent in 2019

    TARAH SHETERON

    Cressy & Everett - South Bend

    (269) 876-9276

    1 in this area

    144 Total Sales

    TARAH SHETERON
    Section Image

  • D

    Seller's Agent in 2016

    Diana Slessman

    Cressy & Everett- Elkhart

  • M

    Seller Co-Listing Agent in 2016

    Michael Slessman

    Cressy & Everett- Elkhart

  • L

    Buyer's Agent in 2016

    Lorri McMichael

    Berkshire Hathaway HomeServices Northern Indiana Real Estate

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201848631

Indiana Regional MLS

APN: 20-02-16-301-001.000-026

Indiana Elkhart County Elkhart 46514 Simonton Lake

51531 Lakeland Rd, Elkhart, IN

This home is located at 51531 Lakeland Rd, Elkhart, IN 46514 since 30 October 2018 and is currently estimated at $240,466, approximately $200 per square foot. This property was built in 1975. 51531 Lakeland Rd is a home located in Elkhart County with nearby schools including Mary Feeser Elementary School, North Side Middle School, and Elkhart 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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