NOT LISTED FOR SALE

5840 E Schmalzried Rd Lagro, IN 46941

Estimated Value: $791,000 - $1,032,000

5 Beds
7 Baths
6,975 Sq Ft
$134/Sq Ft Est. Value

Last Sold April 07, 2022

Last sale price $900,000 $129 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,734/month

3 Days on Market

Highlights

  • 440 Feet of Waterfront
  • Open Floorplan
  • Wood Flooring
  • Primary Bedroom Suite
  • Backs to Open Ground
  • 2 Fireplaces

About This Home

As of April 2022

Custom built by Hamed Homes, this home is only 4 years old and is immaculately maintained. Just 30 minutes to the SW side of Fort Wayne, 10 minutes to Wabash and 15 minutes to Huntington, this home gives you all the space you need and sits on 8 acres where you can enjoy the peacefulness of the countryside with stunning nature views and wildlife. The spacious main level features real wood floors, built-in cabinetry and stone countertops in the kitchen and all baths. Kitchen has a large island, high-end appliances, breakfast area and a large hidden walk-in pantry. The formal dining room and breakfast area both have real white washed brick feature walls. The office is on the main level and has plenty of room and built-in bookshelves and cabinetry. The home features 3 sets of sliding barn doors and custom lighting, Control4 System, speakers and a security system. The living room has a shiplap feature wall and a white washed brick fireplace, as well as 2 sets of French doors with phantom retractable screens that lead to the peaceful screened back patio that has speakers and 2 outdoor fans. The mudroom features custom cabinetry and locker space and a door that leads to a fenced area that is perfect for dog owners. The main floor primary bedroom has gorgeous wood beams on the ceiling and large windows, as well as a door that leads to the screened back patio. The primary bath is stunning and features a soaking tub and custom walk-in tiled shower. You will also enjoy the large walk-in closet with plenty of storage and a custom island. The primary bedroom is conveniently located next to the laundry room, which features generous custom cabinetry for storage, 3 custom built-in laundry bins, a laundry chute, and a door leading to the back patio. The 2nd floor offers 3 bedrooms each with private baths and walk-in closets. One of the 2nd floor bedrooms is truly a second primary suite. There is also a large multi-purpose room on the 2nd floor. The basement has a 5th bedroom, full bath and several finished areas including a theater room and an area that is plumbed for wet bar. Let’s not forget the oversize 4 car garage with work area. Enjoy a multitude of wildlife from the large front porch or the large rear screened porch or the patio with fireplace. Property is adjacent to the Wabash River and offers not just a beautiful view but also kayaking & fishing. The garage has been pre-wired to accommodate electric vehicles, the backyard is pool ready.

Last Listed By

Lynn Reecer

Reecer Real Estate Advisors Listed on: 03/01/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,910

Year Built

  • Built in 2018

Lot Details

  • 8 Acre Lot
  • Lot Dimensions are 1258 x 522 x 440
  • 440 Feet of Waterfront
  • River Front
  • Backs to Open Ground
  • Rural Setting
  • Landscaped
  • Level Lot
  • Irregular Lot

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Cement Board or Planked

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Built-in Bookshelves
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Entrance Foyer
  • Great Room
  • Screened Porch
  • Storage In Attic

Kitchen

  • Walk-In Pantry
  • Kitchen Island
  • Stone Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • In-Law or Guest Suite
  • Double Vanity
  • Garden Bath
  • Separate Shower

Laundry

  • Laundry on main level
  • Laundry Chute
  • Gas And Electric Dryer Hookup

Finished Basement

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

Outdoor Features

  • Patio

Schools

  • Metro North/Sharp Creek Elementary School
  • Northfield Middle School
  • Northfield High School

Utilities

  • Forced Air Heating and Cooling System
  • Propane
  • The river is a source of water for the property
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • Community Fire Pit

Listing and Financial Details

  • Assessor Parcel Number 85-11-36-200-016.000-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,910

Year Built

Built in 2018

Lot Details

0

Parking

4

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2018
  • Age: 4
  • Style: Two Story
  • Total Number of Rooms: 14
  • Total Number of Rooms Below Grade: 4
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 7
  • Total Full Bathrooms: 5
  • Total Number of Half Bathrooms: 2
  • Legal Description: PT NE1/4 36-28-7 8.00AC
  • Parcel Number ID: 85-11-36-200-016.000-003
  • Platted: Yes
  • Amenities: Attic Storage, Built-In Bookcase, Ceiling-9+, Ceiling Fan(s), Countertops-Stone, Disposal, Dryer Hook Up Gas/Elec, Firepit, Foyer Entry, Garage Door Opener, Garden Tub, Guest Quarters, Kitchen Island, Landscaped, Laundry-Chute, Near Walking Trail, Open Floor Plan, Pantry-Walk In, Patio Open, Porch Covered, Porch Screened, Twin Sink Vanity, Stand Up Shower, Main Level Bedroom Suite, Great Room, Main Floor Laundry, Sump Pump, Custom Cabinetry
  • Location: Rural
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 100.01
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 7232
  • Total Finished Sq Ft: 6975
  • Above Grade Finished Sq Ft: 4661
  • Below Grade Finished Sq Ft: 2314
  • Below Grade Sq Ft: 257
  • Price Per Sq Ft: 193.09
  • Basement: Yes
  • Basement Foundation: Daylight, Full Basement, Finished
  • Number Of Fireplaces: 2
  • Fireplace: Family Rm, Gas Log, Wood Burning
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Carpet
  • Living Great Room: Dimensions: 15x18, On Level: Main
  • Kitchen: Dimensions: 11x13, On Level: Main
  • Breakfast Room: Dimensions: 15x14, On Level: Main
  • Dining Room: Dimensions: 12x15, On Level: Main
  • Family Room: Dimensions: 17x19, On Level: Main
  • Den: On Level: N/A
  • Recreation Room: Dimensions: 16x43, On Level: Lower
  • Extra Room: Exercise Room, Dimensions: 15x15, On Level: Lower
  • Bedroom 1: Dimensions: 15x18, On Level: Main
  • Bedroom 2: Dimensions: 15x19, On Level: Upper
  • Bedroom 3: Dimensions: 14x16, On Level: Upper
  • Bedroom 4: Dimensions: 12x16, On Level: Upper
  • Bedroom 5: Dimensions: 13x17, On Level: Lower
  • Loft: On Level: N/A
  • 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: 2571

Exterior Features

  • Exterior: Cement Board
  • Outbuilding1: None
  • Water Frontage: 440
  • Water Name: Wabash River

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 4
  • Garage Size: Dimensions: 48x25
  • Garage Sq Ft: 1200
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx12, On Level: 9
  • Water Type: River
  • Well Type: Private

Schools

  • School District: MSD of Wabash County Schools
  • Elementary School: Metro North/Sharp Creek
  • Middle School: Northfield
  • High School: Northfield
  • Elementary School: Metro North/Sharp Creek

Lot Info

  • Lot Description: Irregular, Level
  • Lot Dimensions: 1258 x 522 x 440
  • Estimated Lot Sq Ft: 348480
  • Estimated Lot Size Acres: 8

Tax Info

  • Annual Taxes: 2910

Multi Family

  • Water Access: Riverfront

MLS Schools

  • High School: Northfield
  • Middle School: Northfield
  • School District: MSD of Wabash County Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
Mar 30, 2022
Sold by
Oetken and Ashley
Bought by
Caley Michael and Caley Lindsey
Seller's Agent
Lynn Reecer
Reecer Real Estate Advisors
Buyer's Agent
Lynn Reecer
Reecer Real Estate Advisors
List Price
$899,900
Sold Price
$900,000
Premium/Discount to List
$100
0.01%
Total Days on Market
3
Current Estimated Value
$934,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,108
Avg. Annual Appreciation
0.99%
Original Mortgage
$647,200
Outstanding Balance
$616,917
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$311,008

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
Caley Michael -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caley Michael $50,000
Open Caley Michael $647,200
Previous Owner Oetken Mitchell $804,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2022 04/07/22 Sold $900,000 0.0% $129 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $899,900 -- $129 / 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 $6,660 $790,700 $71,400 $719,300
2023 $5,880 $757,400 $71,400 $686,000
2022 $3,660 $557,600 $51,200 $506,400
2021 $3,262 $473,900 $19,600 $454,300
2020 $2,910 $444,600 $19,600 $425,000
2019 $4,953 $411,600 $20,600 $391,000
2018 $52 $6,800 $6,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202206438

Indiana Regional MLS

APN: 85-11-36-200-016.000-003