NOT LISTED FOR SALE

5616 Schlatter Rd Leo, IN 46765

Estimated Value: $356,000 - $819,000

3 Beds
2.5 Baths
3,484 Sq Ft
$184/Sq Ft Est. Value

Last Sold May 11, 2018

Last sale price $449,900 $129 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,014/month

89 Days on Market

Highlights

  • Waterfront
  • 15.79 Acre Lot
  • Lake, Pond or Stream
  • Cedarville Elementary School Rated A-
  • Living Room with Fireplace
  • Ranch Style House

About This Home

As of May 2018

Enjoy quiet living in this immaculate & move-in ready custom home tucked into a private setting of 15+ acres complete with a 3+ acre pond. This 3 bedroom, 2.5 bath ranch style home with full, finished walk-out basement provides 3500 sq. ft. of living & entertaining space. The open floorplan accommodates a great room with cathedral ceiling & brick fireplace, an adjacent dining room with elegant chandelier, and thoughtfully designed kitchen equipped with an abundance of oak cabinetry. French doors open up to the sunroom with beamed vaulted ceiling & corner fireplace. Large master suite has a deep walk-in closet & luxury en-suite bath. The finished lower level details include a third fireplace, a family room rough-plumbed for a wet bar, plus an extra room plumbed for a second kitchen. Special details include a natural wood trim package, 6-panel doors, gently arched doorways, multitude of windows to capture panoramic views, plus geo-thermal HVAC system. Exterior elements are a gated entryway, brick & vinyl home exterior, a covered patio & elevated deck. In addition to the 3 car attached heated garage, the 56x36 outbuilding/garage is ideal for the car enthusiast or hobbyist, plus 26x22 shed w/kennels. Students will attend award-winning Leo Schools. Seller will be connecting to natural gas line.

Last Agent to Sell the Property

James Reecer

Keller Williams Realty Group Listed on: 01/17/2018

Keller Williams Realty Group

Last Buyer's Agent

April Leamon

CENTURY 21 Bradley Realty, Inc

CENTURY 21 Bradley Realty, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,950

Year Built

  • Built in 1993

Lot Details

  • 15.79 Acre Lot
  • Waterfront
  • Rural Setting
  • Kennel
  • Level Lot

Parking

  • 3 Car Attached Garage
  • Heated Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • Woodwork
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • 3 Fireplaces
  • Formal Dining Room
  • Workshop
  • Gas Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Finished Basement

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

Outdoor Features

  • Lake, Pond or Stream
  • Covered Patio or Porch

Utilities

  • Central Air
  • Geothermal Heating and Cooling
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 02-03-18-100-002.000-042

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,950

Year Built

Built in 1993

Lot Details

0

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1993
  • Age: 25
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 10
  • 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: E 542.20 OF W 1009.90 FT N OF DITCH W 1/2 NW 1/4 SEC 18 |
  • Parcel Number ID: 02-03-18-100-002.000-042
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Ceiling-Cathedral, Ceiling Fan(s), Closet(s) Walk-in, Deck Open, Disposal, Dryer Hook Up Gas, Jet Tub, Kennel, Natural Woodwork, Patio Covered, Range/Oven Hook Up Elec, Six Panel Doors, Tub and Separate Shower, Workshop, Formal Dining Room, Garage-Heated
  • Location: Rural
  • Sp Lp Percent: 90
  • Special Features: None

Interior Features

  • Total Sq Ft: 3484
  • Total Finished Sq Ft: 3484
  • Above Grade Finished Sq Ft: 2042
  • Below Grade Finished Sq Ft: 1442
  • Price Per Sq Ft: 220.32
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement, Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 3
  • Fireplace: Family Rm, Living/Great Rm
  • Fireplace: Yes
  • Living Great Room: Dimensions: 29x24, On Level: Main
  • Kitchen: Dimensions: 12x11, On Level: Main
  • Dining Room: Dimensions: 16x13, On Level: Main
  • Family Room: Dimensions: 29x15, On Level: Lower
  • Den: Dimensions: 12x11, On Level: Lower
  • Bedroom 1: Dimensions: 19x13, On Level: Main
  • Bedroom 2: Dimensions: 13x10, On Level: Main
  • Bedroom 3: Dimensions: 13x12, On Level: Lower
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1442

Exterior Features

  • Exterior: Brick, Vinyl
  • Outbuilding1: Pole/Post Building, Dimensions: 56x36
  • Outbuilding2: Shed, Dimensions: 26x22, 572

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 33x24
  • Garage Sq Ft: 792
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Geothermal
  • Sewer: Septic
  • Water Utilities: Well
  • Hvac: Geothermal Hvac
  • Laundry: Dimensions: Lowerx8, On Level: 10
  • Water Type: Pond
  • Well Type: Private

Schools

  • School District: East Allen County
  • Elementary School: Leo
  • Middle School: Leo
  • High School: Leo

Lot Info

  • Lot Description: Level, Waterfront, 15+
  • Estimated Lot Sq Ft: 687812
  • Estimated Lot Size Acres: 15.79

Tax Info

  • Annual Taxes: 4950.4
  • Exemptions: Homestead, Mortgage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2018
Closed on
May 1, 2018
Sold by
Caswell Judy and Graber Katie C
Bought by
Derbyshire Daniel C and Derbyshire Marsha C
Seller's Agent
James Reecer
Keller Williams Realty Group
Buyer's Agent
April Leamon
CENTURY 21 Bradley Realty, Inc
List Price
$499,900
Sold Price
$449,900
Premium/Discount to List
-$50,000
-10%
Current Estimated Value
$641,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,291
Avg. Annual Appreciation
4.49%
Original Mortgage
$359,900
Outstanding Balance
$223,150
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$399,297

Purchase Details

Closed on
Jun 3, 2016
Sold by
Graber Katie C
Bought by
Graber Ratie C

Purchase Details

Closed on
May 14, 2013
Sold by
Graber Dale
Bought by
Graber Katie C

Purchase Details

Closed on
Aug 3, 2007
Sold by
Graber Dale and Graber Katie C
Bought by
Graber Dale and Graber Katie C
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
Derbyshire Daniel C -- Metro National Title Of In L
Graber Ratie C -- None Available
Graber Katie C -- None Available
Graber Dale -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derbyshire Daniel C $359,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2018 05/11/18 Sold $449,900 -10.0% $129 / Sq Ft
04/16/2018 04/16/18 Pending -- -- --
01/17/2018 01/17/18 For Sale $499,900 -- $143 / 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 $7,382 $676,500 $261,100 $415,400
2023 $7,287 $677,200 $264,600 $412,600
2022 $6,242 $590,400 $264,600 $325,800
2021 $5,964 $513,500 $264,600 $248,900
2020 $6,008 $502,500 $264,600 $237,900
2019 $5,344 $495,700 $264,600 $231,100
2018 $4,842 $446,300 $213,700 $232,600
2017 $4,965 $436,100 $213,700 $222,400
2016 $4,950 $432,900 $213,700 $219,200
2014 $4,617 $401,100 $213,700 $187,400
2013 $4,762 $402,800 $213,700 $189,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201801929

Indiana Regional MLS

APN: 02-03-18-100-002.000-042