NOT LISTED FOR SALE

5550 Red Lake Dr Mount Vernon, IN 47620

Estimated Value: $374,000 - $469,000

3 Beds
2.5 Baths
3,724 Sq Ft
$110/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $370,000 $99 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,644/month

19 Days on Market

Highlights

  • 120 Feet of Waterfront
  • Lake Property
  • 1-Story Property
  • Primary Bedroom Suite
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of September 2022

This beautifully landscaped, all-brick ranch-style home with a walk out basement on over 1 acre in Mt. Vernon, Indiana is situated in the quiet community of Lakeland Ridge. This lakefront home with breathtaking views welcomes you with a tiled entryway that opens up into the dining room and the carpeted living room with vaulted ceilings and French door access to the covered back porch overlooking the lake. The bright kitchen looks through to the living room and has space for bar seating and a kitchen table. The primary bedroom has a beautiful view of the lake and boasts a private en-suite and walk-in closet. Across the home, the second and third bedrooms are similar in size and share a full bathroom between them. A tiled mudroom connects the laundry, attached 2-car garage, basement, and kitchen. Downstairs, the large 2nd living space has walk-out access to the back yard, a half bath, and two storage rooms with plenty of space for seasonal decorations. This large ranch has more than enough space for you and your family inside and out!

Last Agent to Sell the Property

Trae Dauby

Dauby Real Estate Listed on: 08/18/2022

Last Buyer's Agent

David Woods

Fathom Realty IN, LLC

Fathom Realty IN, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,644

Year Built

  • Built in 2003

Lot Details

  • 1.1 Acre Lot
  • Lot Dimensions are 137x351
  • 120 Feet of Waterfront
  • Lake Front

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Laundry on main level

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement

Outdoor Features

  • Lake Property
  • Lake, Pond or Stream

Schools

  • Farmersville Elementary School
  • Mount Vernon Middle School
  • Mount Vernon High School

Utilities

  • Forced Air Heating and Cooling System
  • Septic System

Community Details

  • Lakeland Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 65-12-33-310-022.000-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,644

Year Built

Built in 2003

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2003
  • Age: 19
  • Style: One Story
  • Total Number of Rooms: 9
  • Total Number of Rooms Below Grade: 3
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: LAKELAND RIDGE SUBD NO. 2 LOT 22 1.08A
  • Parcel Number ID: 65-12-33-310-022.000-017
  • Platted: Yes
  • Amenities: Main Level Bedroom Suite, Main Floor Laundry
  • Sp Lp Percent: 92.52
  • Year Taxes Payable: 2022
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 3834
  • Total Finished Sq Ft: 3724
  • Above Grade Finished Sq Ft: 1917
  • Below Grade Finished Sq Ft: 1807
  • Below Grade Sq Ft: 110
  • Price Per Sq Ft: 193.01
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement
  • Flooring: Carpet, Laminate
  • Living Great Room: Dimensions: 18x15, On Level: Main
  • Kitchen: Dimensions: 18x13, On Level: Main
  • Dining Room: Dimensions: 16x12, On Level: Main
  • Family Room: Dimensions: 24x24, On Level: Basement
  • Bedroom 1: Dimensions: 17x12, On Level: Main
  • Bedroom 2: Dimensions: 11x11, On Level: Main
  • Bedroom 3: Dimensions: 11x11, On Level: Main
  • Other Room 2: Storage room, Dimensions: 27x19, On Level: Basement
  • Other Room 3: Storage room, Dimensions: 11x10, On Level: Basement
  • Number Below Grade Bathrooms: 1
  • Number of Main Level Full Bathrooms: 2
  • Number of Below Grade Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1917

Exterior Features

  • Exterior: Brick
  • Outbuilding1: None
  • Lake Type: Non Ski Lake
  • Water Frontage: 120

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x23
  • Garage Sq Ft: 552
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: Septic
  • Water Utilities: Public
  • Laundry: Dimensions: Mainx7, On Level: 10
  • Water Type: Lake

Condo/Co-op/Association

  • Association Fees: 300
  • Association Fees Frequency: Annually

Schools

  • School District: MSD of Mount Vernon
  • Elementary School: Farmersville
  • Middle School: Mount Vernon
  • High School: Mount Vernon
  • Elementary School: Farmersville

Lot Info

  • Lot Description: 0-2.9999, Lake
  • Lot Dimensions: 137X351
  • Estimated Lot Sq Ft: 48090
  • Estimated Lot Size Acres: 1.1
  • Lot Number: 22

Tax Info

  • Annual Taxes: 1644.18

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: Mount Vernon
  • Middle School: Mount Vernon
  • School District: MSD of Mount Vernon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2022
Closed on
Sep 23, 2022
Sold by
Savage Evalene M
Bought by
Siedl Tony D and Siedl Sheryl A
Seller's Agent
Trae Dauby
Dauby Real Estate
Buyer's Agent
David Woods
Fathom Realty IN, LLC
List Price
$415,000
Sold Price
$370,000
Premium/Discount to List
-$45,000
-10.84%
Views
26
Current Estimated Value
$407,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,378
Avg. Annual Appreciation
2.75%
Source: Public Records

Range of Values:

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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
Siedl Tony D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Savage Evalene M $221,000
Previous Owner Savage Evalene M $185,000
Previous Owner Savage Evalene M $136,000
Previous Owner Savage Evalene M $20,000
Previous Owner Savage Evalene M $40,000
Previous Owner Savage Evalene M $67,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $370,000 -7.5% $99 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
08/29/2022 08/29/22 Price Changed $399,900 -3.6% $107 / Sq Ft
08/18/2022 08/18/22 For Sale $415,000 -- $111 / 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 $5,478 $321,700 $21,100 $300,600
2023 $4,843 $273,900 $21,100 $252,800
2022 $2,000 $255,800 $22,200 $233,600
2021 $1,578 $216,500 $21,800 $194,700
2020 $1,555 $211,700 $21,200 $190,500
2019 $1,505 $206,500 $21,200 $185,300
2018 $1,362 $197,000 $21,200 $175,800
2017 $1,520 $196,100 $21,300 $174,800
2016 $1,469 $198,100 $21,300 $176,800
2014 $1,387 $195,500 $21,300 $174,200
2013 $1,387 $199,100 $21,200 $177,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202234525

Indiana Regional MLS

APN: 65-12-33-310-022.000-017