NOT LISTED FOR SALE

5179 E 50 S Lagro, IN 46941

Estimated Value: $334,000 - $440,000

3 Beds
3 Baths
2,622 Sq Ft
$151/Sq Ft Est. Value

Last Sold January 14, 2022

Last sale price $382,900 $146 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,386/month

25 Days on Market

Highlights

  • 493 Feet of Waterfront
  • Primary Bedroom Suite
  • Near a National Forest
  • RV Parking in Community
  • Open Floorplan
  • Wooded Lot

About This Home

As of January 2022

One of a kind beautiful custom built log home located on the Salamonie River. The log home was constructed in 2004 and contains around 2,622 sq ft of living area. Cathedral beamed ceilings throughout with 4 skylights. Native oak and poplar wood interior walls and floors throughout the home all recently resealed. New custom kitchen was just installed in 2021. Open concept kitchen, dining area and living room. Large family room with field stone hearth originally used for a wood stove but currently has a decorative electric fireplace and windows on 3 walls overlooking the Salamonie River. Watch the many Bald Eagles that feed on the river below the home. Large main bedroom with an electric fireplace works but (Lost the remote), patio door onto a private covered patio, an adjoining full bath & large walk-in closet. Stackable washer & dryer are also built in this bath. The second level is open to the living area below and has 2 bedroom areas, full bath, bonus area and large closets. There is a large furnace / storage room and a 3rd bath off the garage area. 12' x 12' enclosed sunroom between the house and garage. 24 x 30 attached garage that's heated and cooled and has a kitchen counter top and sink. Large rear stamped concrete patio with a firepit that overlooks the river, wildlife and woods below. An area has also been cleared, water lines installed and underground electric service from the road for a future pole building but needs to have a meter base installed. Landscaping all newly updated in 2021. New stone on the drive. Two large rocks in the landscaping are excluded and will be moved. Owner heated the home mainly with the wood stove which can remain. Lots of recent updates listed in the attached recent improvement document. Broker owned.

Last Listed By

Robert Lundquist

Lundquist Appraisals & Real Estate Listed on: 12/07/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $855

Year Built

  • Built in 2004

Lot Details

  • 4.75 Acre Lot
  • 493 Feet of Waterfront
  • River Front
  • Backs to Open Ground
  • Rural Setting
  • Landscaped
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Stone Driveway
  • Off-Street Parking

Home Design

  • Log Cabin
  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 2,622 Sq Ft Home
  • 1.5-Story Property
  • Open Floorplan
  • Woodwork
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Double Pane Windows
  • Insulated Doors
  • Great Room
  • Formal Dining Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Utility Sink

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Separate Shower

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Covered patio or porch

Schools

  • Metro North/Sharp Creek Elementary School
  • Northfield Middle School
  • Northfield High School

Utilities

  • Central Air
  • High-Efficiency Furnace
  • Heat Pump System
  • The river is a source of water for the property
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 85-15-01-300-005.000-003

Community Details

Overview

  • RV Parking in Community
  • Near a National Forest

Amenities

  • Community Fire Pit

Home Details

Home Type

Single Family

Est. Annual Taxes

$855

Year Built

Built in 2004

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2004
  • Age: 18
  • Style: One and Half Story
  • Architectural Style: Log, Cabin/Cottage
  • Total Number of Rooms: 10
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: PT SW1/4 1-27-7 4.75 ac
  • Parcel Number ID: 85-15-01-300-005.000-003
  • Platted: Yes
  • Amenities: Adj to State/Natnl Forest, Breakfast Bar, Ceiling-9+, Ceiling-Cathedral, Ceiling Fan(s), Ceilings-Beamed, Ceilings-Vaulted, Closet(s) Walk-in, Dryer Hook Up Electric, Eat-In Kitchen, Firepit, Garage Door Opener, Kitchen Island, Landscaped, Natural Woodwork, Open Floor Plan, Patio Open, Porch Covered, Utility Sink, RV Parking, Stand Up Shower, Main Level Bedroom Suite, Formal Dining Room, Great Room, Main Floor Laundry, Washer Hook-Up, Custom Cabinetry
  • Improvmnts In Last5 Yrs: Yes
  • Location: Rural
  • Road Access: County
  • Road Surface: Asphalt
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2020 pay 2021
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2622
  • Total Finished Sq Ft: 2622
  • Above Grade Finished Sq Ft: 2622
  • Price Per Sq Ft: 146.03
  • Basement Foundation: Crawl, Slab
  • Number Of Fireplaces: 2
  • Fireplace: Wood Burning Stove
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Ceramic Tile
  • Living Great Room: Dimensions: 14x12, On Level: Main
  • Kitchen: Dimensions: 14x12, On Level: Main
  • Dining Room: Dimensions: 22x14, On Level: Main
  • Family Room: Dimensions: 23x11, On Level: Main
  • Extra Room: Sun room, Dimensions: 12x12, On Level: Main
  • Bedroom 1: Dimensions: 17x13, On Level: Main
  • Bedroom 2: Dimensions: 27x14, On Level: Upper
  • Bedroom 3: Dimensions: 14x12, On Level: Upper
  • Other Room1: Dimensions: 14x10, On Level: Upper
  • Other Room 2: Furnace/storage, Dimensions: 12x12, On Level: Main
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Wood, Log
  • Roof Material: Metal
  • Outbuilding1: Shed, Dimensions: 12x8
  • Water Frontage: 493
  • Water Name: Salamonie River

Garage/Parking

  • Driveway: Stone
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 30x24
  • Garage Sq Ft: 720
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air, Heat Pump
  • Heating Fuel: Electric, Heat Pump
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: REMC
  • Hvac: Ceiling Fan, High Efficiency Furnace
  • Laundry: Dimensions: Mainx3, On Level: 4
  • Water Type: River
  • Well Type: Private

Schools

  • School District: MSD of Wabash County Schools
  • Elementary School: Metro North/Sharp Creek
  • Middle School: Northfield
  • High School: Northfield
  • Elementary School: Metro North/Sharp Creek

Lot Info

  • Lot Description: Waterfront, Wooded, Waterfront-High Bank
  • Lot Dimensions: Se attached survey
  • Estimated Lot Sq Ft: 206910
  • Estimated Lot Size Acres: 4.75

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows, Insulated Doors

Tax Info

  • Annual Taxes: 855.06
  • Exemptions: Homestead, Mortgage

Multi Family

  • Water Access: Riverfront

MLS Schools

  • High School: Northfield
  • Middle School: Northfield
  • School District: MSD of Wabash County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2022
Sold by
Lundquist Family Trust
Bought by
Deweese Jacob and Deweese Ashley
Total Days on Market
25
Current Estimated Value
$395,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Outstanding Balance
$50,738
Interest Rate
3.63%
Mortgage Type
New Conventional
Estimated Equity
$325,756

Purchase Details

Listed on
Dec 7, 2021
Closed on
Jan 14, 2022
Sold by
Lundquist Family Trust
Bought by
Deweese Jacob and Deweese Ashley
Seller's Agent
Robert Lundquist
Lundquist Appraisals & Real Estate
Buyer's Agent
Andy Eckert
Ness Bros. Realtors & Auctioneers
List Price
$369,900
Sold Price
$382,900
Premium/Discount to List
$13,000
3.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.51%
Original Mortgage
$423,966
Interest Rate
4%
Mortgage Type
New Conventional

Range of Values:

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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
Deweese Jacob $60,000 Downs Tandy & Petruniw Pc
Deweese Jacob $382,900 Downs Tandy & Petruniw Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deweese Jacob $60,000
Previous Owner Deweese Jacob $423,966
Previous Owner Lundquist Doroty J $87,000
Previous Owner Lundquist Dorothy J $80,000
Previous Owner Lundquist Dorothy J $60,000
Previous Owner Lundquist Dorothy J $90,000
Previous Owner Lundquist Dorothy J $90,000
Previous Owner Lundquist Dorothy J $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2022 01/14/22 Sold $382,900 -0.5% $146 / Sq Ft
01/01/2022 01/01/22 Pending -- -- --
12/12/2021 12/12/21 Price Changed $385,000 +4.1% $147 / Sq Ft
12/07/2021 12/07/21 For Sale $369,900 -- $141 / 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 $2,297 $281,000 $65,100 $215,900
2023 $2,372 $279,500 $65,100 $214,400
2022 $1,759 $255,000 $81,500 $173,500
2021 $1,652 $223,600 $65,800 $157,800
2020 $1,554 $213,700 $65,800 $147,900
2019 $883 $165,400 $27,700 $137,700
2018 $864 $163,300 $27,700 $135,600
2017 $660 $151,800 $18,000 $133,800
2016 $465 $149,100 $18,100 $131,000
2014 $402 $137,000 $18,300 $118,700
2013 $339 $135,100 $17,800 $117,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202150452

Indiana Regional MLS

APN: 85-15-01-300-005.000-003