NOT LISTED FOR SALE

57169 Phaeton Place Elkhart, IN 46516

Estimated Value: $587,000 - $691,000

4 Beds
6 Baths
5,448 Sq Ft
$117/Sq Ft Est. Value

Last Sold December 28, 2015

Last sale price $420,000 $77 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $3,890/month

418 Days on Market

Highlights

  • 413 Feet of Waterfront
  • Living Room with Fireplace
  • Whirlpool Bathtub
  • Primary Bedroom Suite
  • Partially Wooded Lot
  • Solid Surface Countertops

About This Home

As of December 2015

One of a kind, custom built by Schrock Homes with gorgeous detail. Located on the Elkhart River, 1.6 acres of beautiful woods, landscaping and river frontage. Outstanding kitchen with Corian countertops, lovely family room and living room all overlooking the backyard beauty. Large master suite with trey ceiling, 2 closets, full bath with double sinks, jetted tub and step-in shower. 2 separate stairways up to 2 bedrooms with a Jack and Jill bathroom and another suite bedroom with a full bath. All 3 upstairs bedrooms have walk in closets. Wonderful daylight basement with family room, wet bar, exercise room, game room and full bath. 3-stall finished garage with 2 drains and both lots have a sprinkler system. You will love this home the minute you walk in the front door! Auburn Estates is a hidden gem that includes a beautiful fountain entryway, a community pond and walking path.

Last Agent to Sell the Property

Christina Clauss

Coldwell Banker Real Estate Group Listed on: 10/15/2014

Coldwell Banker Real Estate Group

Last Buyer's Agent

Nancy Shaum

Myers Trust Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,977

Year Built

  • Built in 2002

Lot Details

  • 1.62 Acre Lot
  • Lot Dimensions are 172 x 410
  • 413 Feet of Waterfront
  • River Front
  • Rural Setting
  • Irrigation
  • Partially Wooded Lot

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Wet Bar
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Water Views
  • Home Security System
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Whirlpool Bathtub

Finished Basement

  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement
  • Natural lighting in basement

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Gas
  • The river is a source of water for the property
  • Private Company Owned Well
  • Well
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 20-06-15-276-012.000-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,977

Year Built

Built in 2002

Lot Details

0

HOA Fees

$83 per month

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2002
  • Style: One and Half Story
  • Bedrooms: 4
  • Total Bathrooms: 6
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 2
  • Legal Description: Auburn Estates Lot 31
  • Parcel Number ID: 20-06-15-276-012.000-009
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Alarm System-Security, Cable Available, Closet(s) Walk-in, Countertops-Solid Surf, Deck Open, Disposal, Eat-In Kitchen, Foyer Entry, Garage Door Opener, Jet Tub, Irrigation System, Wet Bar, Main Level Bedroom Suite, Formal Dining Room, Main Floor Laundry
  • Cross Street: CR 18
  • Location: Rural Subdivision
  • Special Features: None

Interior Features

  • Total Sq Ft: 6436
  • Total Finished Sq Ft: 5448
  • Above Grade Finished Sq Ft: 3762
  • Below Grade Finished Sq Ft: 1686
  • Below Grade Sq Ft: 988
  • Basement: Yes
  • Basement Foundation: Daylight, Full Basement, Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 2
  • Fireplace: Family Rm, Living/Great Rm, Gas Log, Two, Vented
  • Flooring: Carpet, Laminate, Tile
  • Living Great Room: On Level: Main
  • Kitchen: On Level: Main
  • Breakfast Room: On Level: Main
  • Dining Room: On Level: Main
  • Family Room: On Level: Main
  • Den: On Level: Main
  • Recreation Room: On Level: Lower
  • Bedroom 1: Dimensions: 15x16, On Level: Main
  • Bedroom 2: Dimensions: 14x13, On Level: Upper
  • Bedroom 3: Dimensions: 12x14, On Level: Upper
  • Bedroom 4: Dimensions: 13x13, On Level: Upper
  • Other Room1: Family Room, On Level: Lower
  • Other Room 2: Exercise Room, On Level: Lower
  • Main Level Sq Ft: 2674
  • 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: 2
  • Total Below Grade Sq Ft: 2674

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof Material: Shingle
  • Outbuilding1: None
  • Water Frontage: 413
  • Water Name: Elkhart River

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 37x16

Utilities

  • Cooling: Central Air, Multiple Cooling Units
  • Heating Fuel: Gas, Forced Air, Multiple Heating Systems
  • Sewer: Septic
  • Water Utilities: Well
  • Water Type: River
  • Well Size: 4 Inches
  • Well Type: Private

Condo/Co-op/Association

  • Association Restrictions: Yes
  • Association Fees: 1000
  • Association Fees Frequency: Annually

Lot Info

  • Lot Description: Partially Wooded, Waterfront, 3-5.9999, Water View, Wooded
  • Lot Dimensions: 172 x 410
  • Estimated Lot Sq Ft: 70480
  • Estimated Lot Size Acres: 1.618
  • Zoning: R - 1 - Single Family

Tax Info

  • Annual Taxes: 5976.58
  • Exemptions: Homestead, Mortgage

Multi Family

  • Water Access: Riverfront

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2016
Sold by
Nichols Frank E and Nichols Kathie L
Bought by
Nichols Kathie L
Current Estimated Value
$638,916

Purchase Details

Listed on
Oct 15, 2014
Closed on
Dec 28, 2015
Sold by
Sandlin Thomas L
Bought by
Nichols Frank E and Nichols Kathie L
Seller's Agent
Christina Clauss
Coldwell Banker Real Estate Group
Buyer's Agent
Nancy Shaum
Myers Trust Real Estate
List Price
$589,000
Sold Price
$420,000
Premium/Discount to List
-$169,000
-28.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
Sep 23, 2014
Sold by
The Trustees Of The Sandlin Family 2013
Bought by
Sandlin Thomas L

Purchase Details

Closed on
Jun 19, 2013
Sold by
Sandlin Thomas L and Sandlin Melody K
Bought by
Sandlin Thomas L and Sandlin Melody K

Purchase Details

Closed on
Aug 30, 2002
Sold by
Schrock Homes Inc
Bought by
Sandlin Thomas L and Sandlin Melody K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2002
Sold by
Innovative Developments Inc
Bought by
Schrock Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Nichols Kathie L -- None Available
Nichols Frank E -- Hamilton Title
Sandlin Thomas L -- None Available
Sandlin Thomas L -- None Available
Sandlin Thomas L -- --
Schrock Homes Inc -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sandlin Thomas L $444,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2015 12/28/15 Sold $420,000 -28.7% $77 / Sq Ft
12/07/2015 12/07/15 Pending -- -- --
10/15/2014 10/15/14 For Sale $589,000 -- $108 / 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 $5,352 $604,200 $54,200 $550,000
2022 $5,352 $553,800 $54,200 $499,600
2021 $5,415 $516,400 $54,200 $462,200
2020 $6,569 $521,800 $57,200 $464,600
2019 $6,550 $516,200 $57,200 $459,000
2018 $6,204 $487,900 $57,200 $430,700
2017 $5,903 $460,900 $57,200 $403,700
2016 $5,928 $458,100 $57,300 $400,800
2014 $5,581 $434,500 $57,300 $377,200
2013 $4,492 $415,100 $57,300 $357,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201446313

Indiana Regional MLS

APN: 20-06-15-276-012.000-009