$45,000
SOLD JUL 27, 2022

5711 W County Road 1070 N Gaston, IN 47342

1 Bed
1 Bath
800 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$56 Per Sq Ft

18% Below List Price

33 Days on Market

Highlights

  • 56 Feet of Waterfront
  • Access To Lake
  • 1-Story Property
  • Pier or Dock
  • Lake Property
  • Forced Air Heating and Cooling System

About This Home

As of January 2023

Whether you are looking for a get-away retreat on the lake or a year round residence, this lake front cottage on ELM LAKE is one to check out! Several recent updates include newer metal roof, grey tone vinyl plank flooring, new kitchen cabinets & bath vanity. Enjoy views of the lake from the open kitchen and living room as well as from the sun room, enclosed porch area and large open patio. The spacious bathroom and utility room is very functional and the sun room could potentially be converted to a second bedroom. Elm Lake offers fishing, swimming, and use of non-motorized boats. Come and relax at this cottage on the lake!

Last Agent to Sell the Property

Bethany Raymond

RE/MAX Real Estate Groups Listed on: 05/26/2022

RE/MAX Real Estate Groups

Last Buyer's Agent

Marissa Earls

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $611

Year Built

  • Built in 1947

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 64x75
  • 56 Feet of Waterfront
  • Lake Front
  • Level Lot

Home Design

  • Cabin
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Water Views
  • Crawl Space

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Access To Lake
  • Lake Property
  • Lake, Pond or Stream

Schools

  • Wes-Del Elementary And Middle School
  • Wesdel High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Propane
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 18-02-24-177-014.000-024

Community Details

Overview

  • Elm Lake Subdivision

Recreation

  • Pier or Dock
  • Waterfront Owned by Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$611

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1947
  • Age: 75
  • Style: One Story
  • Architectural Style: Cabin/Cottage
  • Total Number of Rooms: 5
  • Bedrooms: 1
  • Number Above Grade Bedrooms: 1
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: ELM LAKE LOT 3
  • Parcel Number ID: 18-02-24-177-014.000-024
  • Platted: Yes
  • Sp Lp Percent: 86.71
  • Year Taxes Payable: 2022
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 800
  • Total Finished Sq Ft: 800
  • Above Grade Finished Sq Ft: 800
  • Price Per Sq Ft: 56.25
  • Basement Foundation: Crawl
  • Living Great Room: Dimensions: 18x9, On Level: Main
  • Kitchen: Dimensions: 18x9, On Level: Main
  • Extra Room: Sunroom, Dimensions: 11x16, On Level: Main
  • Bedroom 1: Dimensions: 12x9, On Level: Main
  • Other Room1: Dimensions: 15x8
  • Main Level Sq Ft: 800
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: Shed, Dimensions: 10x6
  • Channel Canal Frontage: 56
  • Lake Type: Non Ski Lake
  • Water Features: Pier/Dock, Walk to Lake Access, Assoc
  • Water Frontage: 56
  • Water Name: Lake Elm

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Forced Air, Propane Tank Rented
  • Sewer: Septic
  • Water Utilities: Well
  • Water Type: Lake
  • Well Type: Private

Schools

  • School District: Wes-Del Community Schools
  • Elementary School: Wes-Del
  • Middle School: Wes-Del
  • High School: Wesdel
  • Elementary School: Wes-Del

Lot Info

  • Lot Description: Level, Lake, Water View
  • Lot Dimensions: 64x75
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Tax Info

  • Annual Taxes: 611

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: Wesdel
  • Middle School: Wes-Del
  • School District: Wes-Del Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2023
Sold by
Federal National Mortgage Association
Bought by
Priest Nikki
Current Estimated Value
$113,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,393
Outstanding Balance
$85,444
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$31,368

Purchase Details

Closed on
May 5, 2021
Sold by
Delaware County Sheriff
Bought by
Fannie Mae

Purchase Details

Closed on
Feb 16, 2007
Sold by
Burton Russel G and Burton Lesha M
Bought by
Flauding Nax and Flauding Janet S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,795
Interest Rate
6.27%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Special Warranty Deed $85,000 First Title & Escrow
Sheriffs Deed $6,380 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $50,000 New Conventional
Open $87,393 New Conventional
Previous Owner $48,795 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2023 01/13/23 Sold $93,000 -3.0% $60 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
11/14/2022 11/14/22 For Sale $95,900 0.0% $61 / Sq Ft
10/13/2022 10/13/22 Pending -- -- --
10/03/2022 10/03/22 For Sale $95,900 +113.1% $61 / Sq Ft
07/27/2022 07/27/22 Sold $45,000 -13.3% $56 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/22/2022 06/22/22 Price Changed $51,900 -5.5% $65 / Sq Ft
06/07/2022 06/07/22 For Sale $54,900 0.0% $69 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $54,900 +119.6% $69 / Sq Ft
04/21/2022 04/21/22 Sold $25,000 -16.4% $32 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/11/2022 04/11/22 For Sale $29,900 +19.6% $39 / Sq Ft
04/05/2022 04/05/22 Off Market $25,000 -- --
03/30/2022 03/30/22 Price Changed $29,900 -14.3% $39 / Sq Ft
03/29/2022 03/29/22 For Sale $34,900 0.0% $45 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
03/08/2022 03/08/22 Price Changed $34,900 0.0% $45 / Sq Ft
03/08/2022 03/08/22 For Sale $34,900 -30.1% $45 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $49,900 +283.8% $65 / Sq Ft
02/26/2018 02/26/18 Sold $13,000 -18.8% $17 / Sq Ft
02/22/2018 02/22/18 Pending -- -- --
01/24/2018 01/24/18 Price Changed $16,000 -19.6% $21 / Sq Ft
01/02/2018 01/02/18 Price Changed $19,900 -9.1% $26 / Sq Ft
11/28/2017 11/28/17 Price Changed $21,900 -12.7% $28 / Sq Ft
10/24/2017 10/24/17 For Sale $25,100 -77.2% $33 / Sq Ft
05/08/2014 05/08/14 Sold $109,900 0.0% $58 / Sq Ft
03/27/2014 03/27/14 Pending -- -- --
11/04/2013 11/04/13 For Sale $109,900 -- $58 / 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 $227 $53,400 $7,800 $45,600
2023 $216 $53,400 $7,800 $45,600
2022 $797 $49,900 $7,800 $42,100
2021 $166 $48,400 $9,600 $38,800
2020 $173 $48,400 $9,600 $38,800
2019 $170 $48,400 $9,600 $38,800
2018 $155 $46,300 $8,100 $38,200
2017 $146 $47,300 $8,900 $38,400
2016 $144 $47,300 $8,900 $38,400
2014 $134 $46,300 $10,500 $35,800
2013 -- $46,000 $10,500 $35,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202220450

Indiana Regional MLS

APN: 18-02-24-177-022.000-024