NOT LISTED FOR SALE

5877 E State Road 16 Urbana, IN 46990

Estimated Value: $918,000 - $1,070,938

6 Beds
4.5 Baths
5,290 Sq Ft
$184/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $899,000 $170 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,886/month

90 Days on Market

Highlights

  • Boat Dock
  • Spa
  • Primary Bedroom Suite
  • Barn
  • RV Parking in Community
  • Waterfront

About This Home

As of September 2022

This 5,290 sq/ft home has undergone over $100K in upgrades to the property and home. It is nestled on 43 acres and has a 17-acre private lake with dock fish & surrounding wildlife, beautiful partially wooded acreage, trails wide enough for side-by-side 4-wheelers and a large 3-section barn. The wrap-around front porch leads inside to an oversized foyer. To the right – a separate apartment w/ hardwood floors that includes a private family room, updated kitchenette w/ full refrigerator, quartz counters, bedroom w/ walk-in closet and full bathroom. The rest of the main home can also be accessed from the foyer and has the same gorgeous hardwoods, dual staircases, and newer vinyl windows. The great room has triple wood sliders leading out to the 70’ deck and amazing lake views. The kitchen is a show stopper – with custom cabinetry, quartz countertops, center island, stainless appliances, feature wall with wood-burning stone fireplace and access to the same large deck and lake views. The main level primary suite shares those same water views, has 2 walk-in closets (one has been converted to a home office w/ a hidden wall. The enormous en-suite has double vanities and a spectacular tile/pebble stone walk-in shower. Upstairs, a large landing leads to 3 bedrooms and a bonus room that share the upper level full bath. Don’t miss the 3-season sunroom (accessed from the deck) with wood-planked vaulted ceilings and walls, built-in bar & banquette/sofa & concrete floors. Some of the newer mechanicals are located in the attached, 2-car garage. The detached barn(s) are partitioned into 3 sections: a 30’x45’ section has a workshop, the 40’ x 40’ section has a 14’ overhead door. RV parking is possible. Mechanicals/Utilities for this home include: 2 furnaces, 2 A/C, 2 water heaters (one tankless), well, septic, new (Critical Load + auto transfer) generator, two 1000 gal. propane tanks (rented/filled through Johnson's in Huntington). Included is a high speed cellular/Wi-Fi mesh network.

Last Agent to Sell the Property

Heather Regan

Regan & Ferguson Group Listed on: 05/13/2022

Co-Listed By

Leslie Ferguson

Regan & Ferguson Group

Last Buyer's Agent

Aaron Replogle

Uptown Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,330

Year Built

  • Built in 1920

Lot Details

  • 43.78 Acre Lot
  • Waterfront
  • Backs to Open Ground
  • Rural Setting
  • Landscaped
  • Level Lot
  • Partially Wooded Lot

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Stone Driveway
  • Off-Street Parking

Home Design

  • Craftsman Architecture
  • Shingle Roof
  • Stone Exterior Construction
  • Cement Board or Planked

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Built-in Bookshelves
  • Built-In Features
  • Woodwork
  • Ceiling Fan
  • Wood Burning Fireplace
  • Screen For Fireplace
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 2 Fireplaces
  • Water Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Gas Oven or Range
  • Kitchen Island
  • Solid Surface Countertops
  • Built-In or Custom Kitchen Cabinets
  • Utility Sink
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Suite
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite
  • Double Vanity
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Attic

  • Storage In Attic
  • Pull Down Stairs to Attic

Partially Finished Basement

  • Fireplace in Basement
  • Stone or Rock in Basement
  • Crawl Space

Outdoor Features

  • Spa
  • Sun Deck
  • Lake Property
  • Lake, Pond or Stream
  • Covered Patio or Porch

Schools

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

Farming

  • Barn

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Generator Hookup
  • Whole House Permanent Generator
  • Propane
  • Private Company Owned Well
  • Well
  • ENERGY STAR Qualified Water Heater
  • Septic System
  • TV Antenna

Listing and Financial Details

  • Assessor Parcel Number 85-11-01-200-006.000-003

Community Details

Recreation

  • Boat Dock
  • Pier or Dock

Additional Features

  • RV Parking in Community
  • Community Fire Pit

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,330

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1920
  • Age: 102
  • Style: Two Story
  • Architectural Style: Craftsman
  • Total Number of Rooms: 15
  • Total Number of Rooms Below Grade: 2
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 5
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 1
  • Legal Description: PT NE 1/4 1-28-7 43.78AC
  • Parcel Number ID: 85-11-01-200-006.000-003
  • Platted: Yes
  • Amenities: Hot Tub/Spa, 1st Bdrm En Suite, Antenna, Attic Pull Down Stairs, Attic Storage, Breakfast Bar, Built-In Bookcase, Built-in Desk, Ceiling Fan(s), Closet(s) Walk-in, Countertops-Solid Surf, Deck Open, Deck on Waterfront, Detector-Smoke, Disposal, Dryer Hook Up Electric, Eat-In Kitchen, Firepit, Foyer Entry, Garage Door Opener, Generator Built-In, Generator Ready, Guest Quarters, Kitchen Island, Landscaped, Natural Woodwork, Open Floor Plan, Pantry-Walk In, Patio Covered, Range/Oven Hook Up Gas, Split Br Floor Plan, Twin Sink Vanity, Utility Sink, RV Parking, Stand Up Shower, Tub/Shower Combination, Main Level Bedroom Suite, Garage-Heated, Great Room, Main Floor Laundry, Washer Hook-Up, Custom Cabinetry
  • Location: Rural
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2020
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 6223
  • Total Finished Sq Ft: 5290
  • Above Grade Finished Sq Ft: 5290
  • Above Grade Unfinished Sq Ft: 780
  • Below Grade Sq Ft: 153
  • Price Per Sq Ft: 169.94
  • Basement: Yes
  • Basement Foundation: Crawl, Partially Finished
  • Basement Material: Stone
  • Number Of Fireplaces: 2
  • Fireplace: Breakfast Room, Den, Dining Rm, Family Rm, Kitchen, Living/Great Rm, Fireplace Screen/Door, Wood Burning, Basement
  • Fireplace: Yes
  • Flooring: Hardwood Floors, Carpet, Ceramic Tile
  • Living Great Room: Dimensions: 32x21, On Level: Main
  • Kitchen: Dimensions: 29x22, On Level: Basement
  • Extra Room: Bonus Room, Dimensions: 20x15
  • Bedroom 1: Dimensions: 18x18, On Level: Main
  • Bedroom 2: Dimensions: 17x10, On Level: Main
  • Bedroom 3: Dimensions: 15x11, On Level: Main
  • Bedroom 4: Dimensions: 15x11, On Level: Upper
  • Bedroom 5: Dimensions: 15x11, On Level: Upper
  • Loft: Dimensions: 17x11, On Level: Upper
  • Number of Main Level Full Bathrooms: 3
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 153

Exterior Features

  • Exterior: Stone, Cement Board
  • Roof Material: Shingle
  • Outbuilding1: Barn, Dimensions: 40x40, 1600
  • Outbuilding2: Barn
  • Water Features: Pier/Dock

Garage/Parking

  • Driveway: Stone
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 26x30
  • Garage Sq Ft: 780
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Propane, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: Heartland
  • Hvac: Ceiling Fan
  • Laundry: Dimensions: Mainx7, On Level: 8
  • Water Type: Pond
  • Well Type: Private

Condo/Co-op/Association

  • Common Amenities: Dock

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: Level, Partially Wooded, 15+, Lake, Water View, Waterfront-Level Bank
  • Lot Dimensions: IRREGULAR
  • Estimated Lot Sq Ft: 1907057
  • Estimated Lot Size Acres: 43.78

Green Features

  • Energy Efficient: Water Heater

Tax Info

  • Annual Taxes: 5330

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

Closed on
Aug 12, 2025
Sold by
Martin Tim and Martin Zela
Bought by
Martin Timothy J and Martin Zela M
Current Estimated Value
$971,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,174,000
Outstanding Balance
$1,174,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
-$227,262

Purchase Details

Listed on
May 13, 2022
Closed on
Sep 14, 2022
Sold by
Aaron Greer
Bought by
Martin Tim and Martin Zela
Seller's Agent
Heather Regan
Regan & Ferguson Group
Buyer's Agent
Aaron Replogle
Uptown Realty Group
List Price
$1,499,900
Sold Price
$899,000
Premium/Discount to List
-$600,900
-40.06%
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.72%
Original Mortgage
$719,200
Interest Rate
5.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2021
Sold by
Laduct Scott and Laduct Diane M
Bought by
Greer Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 24, 2017
Sold by
Yan Yong Gong and Tu Diana Min
Bought by
Laduct Scott and Laduct Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,400
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2016
Sold by
Martin Timothy
Bought by
Yan Yong Gong and Tu Diana Min

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,400
Interest Rate
4.3%
Mortgage Type
Commercial
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
Martin Timothy J -- None Listed On Document
Martin Tim -- --
Greer Aaron -- Metropolitan Title Of In Llc
Laduct Scott -- None Available
Yan Yong Gong -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Timothy J $1,174,000
Previous Owner Martin Tim $719,200
Previous Owner Greer Aaron $620,000
Previous Owner Laduct Scott $464,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2022 09/16/22 Sold $899,000 0.0% $170 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
07/27/2022 07/27/22 Price Changed $899,000 -28.1% $170 / Sq Ft
06/01/2022 06/01/22 Price Changed $1,250,000 -16.7% $236 / Sq Ft
05/13/2022 05/13/22 For Sale $1,499,900 -- $284 / 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 $8,792 $874,200 $322,600 $551,600
2023 $8,685 $849,600 $322,600 $527,000
2022 $6,775 $774,400 $322,600 $451,800
2021 $5,540 $582,700 $228,600 $354,100
2020 $5,330 $557,500 $228,600 $328,900
2019 $3,205 $412,400 $101,000 $311,400
2018 $3,138 $404,600 $101,000 $303,600
2017 $2,268 $332,100 $69,200 $262,900
2016 $1,776 $323,800 $69,200 $254,600
2014 $1,577 $300,700 $69,200 $231,500
2013 $1,162 $270,500 $38,400 $232,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202217894

Indiana Regional MLS

APN: 85-11-01-200-006.000-003