NOT LISTED FOR SALE

5511 S Richey Ln Monticello, IN 47960

Estimated Value: $818,000 - $966,027

5 Beds
5 Baths
3,470 Sq Ft
$251/Sq Ft Est. Value

Last Sold July 21, 2021

Last sale price $717,600 $207 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,561/month

2 Days on Market

Highlights

  • 120 Feet of Waterfront
  • Fireplace in Bedroom
  • Traditional Architecture
  • Pier or Dock
  • Lake, Pond or Stream
  • 2 Car Attached Garage

About This Home

As of July 2021

What a beauty!!! This home offers 5 bedrooms, 5 full bathrooms, and nearly 3500 sq ft, a 2 car attached garage, 1 car attached garage, and aprox. 120 ft of lake frontage. The lake front includes a pneumatic lift with a 3 point fail safe safety system, a full electric concession stand, a covered boat house with 2 permanent boat lifts, 2 jet ski lifts, a large deck above the boat house covered with special 20 yr. water proof matting, a floating platform, and a steel seawall. The beautifully landscaped front includes an outside kitchen stocked with a fireplace and a full kitchen ready for the year round large family gatherings or weekend entertaining. A freshly remodeled interior. The main level comes with a large open concept living/kitchen/dinning room with vaulted ceilings offering huge views of main lake Freeman, a den facing the waterfront (turning the work from home less like work), a guest bedroom, full bathroom and guest quarters with private bathrooms and a huge entertaining area. The living room offers a back lit wet bar and a fireplace. The dining room has walk out decks on both sides. The kitchen is loaded with quartz countertops, back lit cabinets and kitchen aide appliances. The second floor includes 2 additional bedrooms with a full bathroom, the master suite with tray ceiling and a private balcony overlooking the waterfront, and a master bathroom with a huge walk in closet. This home has 2 laundry areas conveniently located on the main floor and the second floor. The "wine cellar" is the perfect spot for storing the aging wines as well as waterfront toys. This home is wired for a full house generator. If you haven't seen the details of this home you can't truly appreciate it. Set up your tour asap before it's gone.

Last Agent to Sell the Property

Jill Coble

REAL ESTATE NETWORK L.L.C Listed on: 06/29/2021

Last Buyer's Agent

Jill Coble

REAL ESTATE NETWORK L.L.C Listed on: 06/29/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,879

Year Built

  • Built in 1941

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 92x175
  • 120 Feet of Waterfront
  • Sloped Lot

Parking

  • 2 Car Attached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Partially Finished Basement

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Bedroom

Outdoor Features

  • Waterski or Wakeboard
  • Seawall
  • Lake, Pond or Stream

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Shared Well
  • Well

Community Details

  • Pier or Dock

Listing and Financial Details

  • Assessor Parcel Number 91-63-28-000-014.900-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,879

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1941
  • Age: 80
  • Style: Two Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 15
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: RICHEY PARK SUB LT 40 & 20' S/S LT 41 & OUT S/S SE FRAX 28-26-3 .035 PT LT 39 |
  • Parcel Number ID: 91-63-28-000-014.900-020
  • Platted: Yes
  • Road Access: County
  • Road Surface: Concrete
  • Sp Lp Percent: 104.76
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 4068
  • Total Finished Sq Ft: 3470
  • Above Grade Finished Sq Ft: 3470
  • Below Grade Sq Ft: 598
  • Price Per Sq Ft: 206.8
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 2
  • Fireplace: Extra Rm, Living/Great Rm, Gas Log, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl, Ceramic Tile
  • Living Great Room: Dimensions: 23x26, On Level: Main
  • Kitchen: Dimensions: 18x10, On Level: Main
  • Dining Room: On Level: Main
  • Den: Dimensions: 11x13, On Level: Main
  • Extra Room: Guest suite, Dimensions: 10x12
  • Bedroom 1: Dimensions: 18x10, On Level: Upper
  • Bedroom 2: Dimensions: 11x13, On Level: Upper
  • Bedroom 3: Dimensions: 11x13, On Level: Upper
  • Bedroom 4: Dimensions: 10x15, On Level: Main
  • Bedroom 5: Dimensions: 9x11, On Level: Main
  • Other Room1: laundry 2/second level
  • Number of Main Level Full Bathrooms: 3
  • Total Below Grade Sq Ft: 598

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Outbuilding1: 2nd Detached Garage, Dimensions: 12x11, 260
  • Channel Canal Frontage: 120
  • Lake Type: Ski Lake
  • Outbuilding2: Outbuilding, Dimensions: 8x12, 96
  • Sea Wall Type: Steel
  • Water Features: Pier/Dock
  • Water Frontage: 120
  • Water Name: Lake Freeman

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 22x20
  • Garage Sq Ft: 440
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: Regional
  • Water Utilities: Well
  • Water Type: Lake
  • Well Type: Shared

Schools

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

Lot Info

  • Lot Description: Slope, Waterfront, Waterfront-Medium Bank
  • Lot Dimensions: 92x175
  • Estimated Lot Sq Ft: 17424
  • Estimated Lot Size Acres: 0.4

Tax Info

  • Annual Taxes: 1878.6

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
Jun 29, 2021
Closed on
Jul 21, 2021
Sold by
Dale & Lisa Anderson Living Trust Dated
Bought by
Nicholas Countryman
Seller's Agent
Jill Coble
REAL ESTATE NETWORK L.L.C
Buyer's Agent
Jill Coble
REAL ESTATE NETWORK L.L.C
List Price
$685,000
Sold Price
$717,600
Premium/Discount to List
$32,600
4.76%
Current Estimated Value
$870,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,409
Avg. Annual Appreciation
4.78%

Purchase Details

Listed on
Oct 26, 2018
Closed on
Nov 16, 2018
Sold by
Ousley James A and Ousley Sarah M
Bought by
Anderson Dale
Seller's Agent
Dawn Dilley
eXp, LLC
Buyer's Agent
Dawn Dilley
eXp, LLC
List Price
$479,900
Sold Price
$465,000
Premium/Discount to List
-$14,900
-3.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.57%
Source: Public Records

Range of Values:

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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
Nicholas Countryman $717,600 Columbia Title Inc
Anderson Dale -- Columbia Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2021 07/21/21 Sold $717,600 +4.8% $207 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $685,000 +47.3% $197 / Sq Ft
11/16/2018 11/16/18 Sold $465,000 -3.1% $134 / Sq Ft
10/29/2018 10/29/18 For Sale $479,900 0.0% $139 / Sq Ft
10/27/2018 10/27/18 Pending -- -- --
10/26/2018 10/26/18 For Sale $479,900 -- $139 / 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 $9,843 $809,400 $139,600 $669,800
2023 $8,038 $697,700 $139,600 $558,100
2022 $6,733 $579,900 $139,600 $440,300
2021 $5,554 $467,500 $139,600 $327,900
2020 $2,881 $435,300 $139,600 $295,700
2019 $2,495 $391,700 $132,300 $259,400
2018 $1,947 $323,300 $118,600 $204,700
2017 $1,879 $335,600 $132,300 $203,300
2016 $1,837 $335,600 $132,300 $203,300
2014 $2,104 $355,100 $132,300 $222,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202125377

Indiana Regional MLS

APN: 91-63-28-000-014.900-020