NOT LISTED FOR SALE

5501 S Richey Ln Monticello, IN 47960

Estimated Value: $356,000 - $406,000

3 Beds
2 Baths
1,904 Sq Ft
$201/Sq Ft Est. Value

Last Sold August 16, 2019

Last sale price $220,000 $116 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,371/month

1 Day on Market

Highlights

  • 15 Feet of Waterfront
  • Open Floorplan
  • Heavily Wooded Lot
  • Pier or Dock
  • Lake Property
  • Backs to Open Ground

About This Home

As of August 2019

Lovely lake cottage with tons of updates! Located is quiet bayou with main lake view and access.

Last Agent to Sell the Property

Dawn Dilley

eXp, LLC Listed on: 07/24/2019

Last Buyer's Agent

Dawn Dilley

eXp, LLC Listed on: 07/24/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $751

Year Built

  • Built in 1920

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 65x79
  • 15 Feet of Waterfront
  • Backs to Open Ground
  • Wood Fence
  • Landscaped
  • Heavily Wooded Lot
  • Property is zoned R-1 Single-family Residential District

Home Design

  • Cabin
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,904 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Outdoor Features

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

Schools

  • Meadowlawn Elementary School
  • Roosevelt Middle School
  • Twin Lakes High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 91-63-28-000-013.700-020

Community Details

Amenities

  • Community Fire Pit

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$751

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1920
  • Age: 99
  • Style: Two Story
  • Architectural Style: Cabin/Cottage
  • Total Number of Rooms: 6
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: RICHEY PARK SUB LOTS 43 &44
  • Parcel Number ID: 91-63-28-000-013.700-020
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Breakfast Bar, Cable Available, Ceiling Fan(s), Closet(s) Walk-in, Deck Open, Eat-In Kitchen, Firepit, Landscaped, Open Floor Plan, Patio Open
  • Inside City Limits: Yes
  • Location: Lake
  • Sp Lp Percent: 96.07
  • Year Taxes Payable: 2019
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 1904
  • Total Finished Sq Ft: 1904
  • Above Grade Finished Sq Ft: 1904
  • Price Per Sq Ft: 115.55
  • Basement Foundation: Slab
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood Floors
  • Living Great Room: Dimensions: 14x23, On Level: Main
  • Kitchen: Dimensions: 12x17, On Level: Main
  • Bedroom 1: Dimensions: 13x14, On Level: Upper
  • Bedroom 2: Dimensions: 13x13, On Level: Main
  • Bedroom 3: Dimensions: 11x12, On Level: Upper
  • Loft: Dimensions: 12x11, On Level: Upper
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Shingle
  • Outbuilding1: None
  • Fence: Wood
  • Lake Type: Ski Lake
  • Water Features: Pier/Dock
  • Water Frontage: 15
  • Water Name: Lake Freeman

Utilities

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

Schools

  • School District: Twin Lakes School Corp.
  • Elementary School: Meadowlawn
  • Middle School: Roosevelt
  • High School: Twin Lakes
  • Elementary School: Meadowlawn

Lot Info

  • Lot Description: Heavily Wooded, Waterfront, Lake
  • Lot Dimensions: 65x79
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Tax Info

  • Annual Taxes: 750.54
  • Exemptions: Homestead, Mortgage

Multi Family

  • Water Access: Frontage Lot

MLS Schools

  • High School: Twin Lakes
  • Middle School: Roosevelt
  • School District: Twin Lakes School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2019
Closed on
Aug 16, 2019
Sold by
Parish Dawn M
Bought by
Bick Karl A
Seller's Agent
Dawn Dilley
eXp, LLC
Buyer's Agent
Dawn Dilley
eXp, LLC
List Price
$229,000
Sold Price
$220,000
Premium/Discount to List
-$9,000
-3.93%
Current Estimated Value
$382,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,950
Avg. Annual Appreciation
8.88%
Original Mortgage
$155,000
Outstanding Balance
$137,212
Interest Rate
3.7%
Mortgage Type
Construction
Estimated Equity
$230,536

Purchase Details

Listed on
Jun 25, 2015
Closed on
Oct 14, 2016
Sold by
Frazier Erin E
Bought by
Parish Dawn M
Seller's Agent
Lynn Edgell
@properties
Buyer's Agent
Dawn Dilley
eXp, LLC
List Price
$195,000
Sold Price
$169,000
Premium/Discount to List
-$26,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.80%
Source: Public Records

Range of Values:

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Average Value
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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
Bick Karl A $220,000 Columbia Title
Parish Dawn M $169,000 Metropolitan Title Of Indiana
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bick Karl A $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2019 08/16/19 Sold $220,000 -3.9% $116 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
07/24/2019 07/24/19 For Sale $229,000 +35.5% $120 / Sq Ft
10/19/2016 10/19/16 Sold $169,000 -13.3% $99 / Sq Ft
09/08/2016 09/08/16 Pending -- -- --
06/25/2015 06/25/15 For Sale $195,000 -- $115 / 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 $3,406 $280,100 $75,700 $204,400
2023 $2,826 $245,300 $75,700 $169,600
2022 $2,415 $211,000 $75,700 $135,300
2021 $2,263 $193,500 $75,700 $117,800
2020 $2,125 $180,000 $71,800 $108,200
2019 $864 $172,800 $67,800 $105,000
2018 $695 $150,400 $67,800 $82,600
2017 $720 $162,800 $81,600 $81,200
2016 $705 $162,900 $81,600 $81,300
2014 $810 $170,500 $81,600 $88,900
Source: Public Records

Agents Affiliated with this Home

  • Dawn Dilley

    Seller's Agent in 2019

    Dawn Dilley

    eXp, LLC

    (765) 423-1985

    82 Total Sales

    Dawn Dilley
    Section Image

  • L

    Seller's Agent in 2016

    Lynn Edgell

    @properties

    (765) 426-6246

    191 Total Sales

    Lynn Edgell
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201932059

Indiana Regional MLS

APN: 91-63-28-000-013.700-020

Indiana White County Monticello 47960

5501 S Richey Ln, Monticello, IN

This home is located at 5501 S Richey Ln, Monticello, IN 47960 since 24 July 2019 and is currently estimated at $382,950, approximately $201 per square foot. This property was built in 1920. 5501 S Richey Ln is a home located in White County with nearby schools including Twin Lakes Senior 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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