$569,999
$5K PRICE DROP

5639 S Richey Ln Monticello, IN 47960

Estimated payment $3,635/month

Total Views 6,430
2 Beds
1 Bath
912 Sq Ft
$625 Price per Sq Ft

Highlights

  • Lake Front
  • Deck
  • 2 Car Detached Garage
  • Lake Privileges
  • No HOA
  • Cul-De-Sac

About This Home

Wake up to sparkling water views in this fully furnished 2-bed, 1-bath cottage on 1,500-acre Lake Freeman, just 10 minutes from Indiana Beach. Tucked away on a quiet dead-end street, you'll enjoy peace, privacy, and minimal traffic--perfect for unwinding or entertaining.Inside, you'll find two living areas and a walk-out lower level designed for both cozy mornings and lively lake days. Step onto your brand-new Trex deck to soak in panoramic shoreline views, or head down to the covered double boat dock--complete with a new 10,000-lb lift--and launch into adventure.As part of an all-sport lake connected to the scenic Tippecanoe River, you'll have miles of boating, fishing, and water sports right outside your door. An oversized two-car garage, garden shed, and lakeside storage mean there's room for all your toys. Here, life moves with the rhythm of the water--and every day feels like vacation!

Listing Agent

Lisa Grady

McColly Real Estate License #RB14039656 Listed on: 08/15/2025

McColly Real Estate

Co-Listing Agent

Brigid Prendergast

McColly Real Estate License #RB22000079

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,350

Year Built

  • Built in 1945

Lot Details

  • 0.3 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Landscaped

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Interior Spaces

  • 1-Story Property
  • Living Room
  • Lake Views
  • Basement

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Lake Privileges
  • Deck

Utilities

  • Well

Community Details

  • No Home Owners Association
  • Richey Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 916328000009600020
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,350

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1945
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Lower Level
  • ResoLotFeatures: Back Yard, Private, Landscaped, Cul-De-Sac
  • Reso View: Lake, Water
  • Co List Office Mls Id: NRA254
  • Co List Office Phone: (219) 322-5508
  • Co List Office Mls Id: NRA254
  • Subdivision Name: Richey Park Sub
  • Above Grade Finished Sq Ft: 516
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Reso Other Structures: Garage(s), Shed(s)
  • Property Attached Yn: No
  • Financial Info Electric: 100 Amp Service
  • AuctionYN: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Washer, Refrigerator, Microwave, Electric Range
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Pantry, Eat-in Kitchen
  • Basement: Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 396

Exterior Features

  • Exterior Features: Private Yard
  • Acres: 0.3044
  • Waterfront Features: Lake Front, Lake Privileges
  • Waterfront: Yes
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Additional Parking, Concrete, On Street, Garage Door Opener, Driveway, Detached

Utilities

  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s), Other
  • Heating: Baseboard
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 13260
  • Parcel #: 916328000009600020

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7350

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,770 $310,000 $136,800 $173,200
2023 $1,655 $284,900 $136,800 $148,100
2022 $2,315 $199,400 $136,800 $62,600
2021 $2,291 $192,800 $136,800 $56,000
2020 $2,291 $190,800 $136,800 $54,000
2019 $2,110 $183,100 $129,800 $53,300
2018 $2,017 $177,500 $129,800 $47,700
2017 $1,775 $166,600 $129,800 $36,800
2016 $1,728 $167,000 $129,800 $37,200
2014 $1,643 $157,500 $129,800 $27,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2025 09/24/25 Price Changed $569,999 -0.9% $625 / Sq Ft
08/15/2025 08/15/25 For Sale $574,999 +19.8% $630 / Sq Ft
12/20/2023 12/20/23 Sold $480,000 -12.7% $526 / Sq Ft View Prior Sale
11/22/2023 11/22/23 Pending -- -- --
09/19/2023 09/19/23 For Sale $549,900 +57.2% $603 / Sq Ft
07/19/2022 07/19/22 Sold $349,900 0.0% $384 / Sq Ft View Prior Sale
06/25/2022 06/25/22 Pending -- -- --
06/22/2022 06/22/22 For Sale $349,900 -- $384 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $480,000 Columbia Title Inc
Deed $131,000 Indiana Abstract
Source: Public Records

Source: Northwest Indiana Association of REALTORS®

MLS Number: 826084

Northwest Indiana Association of REALTORS®

APN: 91-63-28-000-009.600-020