NOT LISTED FOR SALE

5941 Schlatter Rd Leo, IN 46765

Estimated Value: $1,481,000 - $1,715,619

5 Beds
4.5 Baths
4,224 Sq Ft
$370/Sq Ft Est. Value

Last Sold July 14, 2017

Last sale price $800,000 $189 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $9,515/month

247 Days on Market

Highlights

  • Primary Bedroom Suite
  • Waterfront
  • Open Floorplan
  • Cedarville Elementary School Rated A-
  • 9.15 Acre Lot
  • Living Room with Fireplace

About This Home

As of July 2017

GORGEOUS Custom Built Home on an Over 9 Acre Estate with Natural Pond and an Unbeatable Location. Fine Craftsmanship and Attention to Detail Puts this Home a Step Above the Rest. Impressive Entry with Double French Doors Opens up to the Sweeping Staircase with Balcony Overlooking the 2 Story Great Room with Stone Fireplace and Expansive Views. Den is Located off the Entry with a Vaulted Ceiling, Built-ins and Fireplace. Dream Kitchen Adjacent to the Formal Dining Room Boasts High End Cabinetry, Built-in Subzero Fridge, Large Island with Vegetable Sink, 6 Burner Wolf Range with Double Ovens and a Hammered Copper Farmhouse Sink. Sun filled Hearth Room with Vaulted Ceilings and Fireplace Located Just off the Kitchen. Built with Beauty AND Function in Mind, the Home also has a Pocket Office to Help Organize Your Every Day Living Along with Cubbies in the Mudroom. Master Suite on the Main Feels Like Your Own Personal Retreat with Sitting Room, Large Closet with Custom Closet System and an Elegant Bathroom with Spa Tub, Double Vanities, Make-up Vanity and Walk-in Tiled Shower. 3 Bedrooms Located Upstairs All with Their Own Private Bathroom. Walk-in Attic Above the Garage is Convenient for Extra Storage or Could Easily be Converted into a 5th Bedroom or Bonus Room. Basement is Close to Finished with Enough Room for Whatever You Could Imagine. Theater Room Roughed in Along with Exercise Room, 5th Bedroom and Full Bath. Geothermal Heating and Cooling. Nature Lovers will Fall in Love with the Newly Professionally Landscaped Park Like setting with Natural Stocked Pond, Large Covered Patio, Stone Firepit and Private Treeline. Come Tour this Spectacular Home Today!

Last Agent to Sell the Property

Tim Burns

Keller Williams Realty Group Listed on: 09/07/2016

Keller Williams Realty Group

Last Buyer's Agent

Doug Noll

CENTURY 21 Bradley Realty, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,232

Year Built

  • Built in 2011

Lot Details

  • 9.15 Acre Lot
  • Lot Dimensions are 1328x343
  • Waterfront
  • Backs to Open Ground
  • Rural Setting
  • Landscaped
  • Level Lot
  • Partially Wooded Lot

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Stone Exterior Construction
  • Cedar

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Cathedral Ceiling
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Storage In Attic
  • Washer and Gas Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven or Range
  • Stone Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Partially Finished Basement

  • Sump Pump
  • 1 Bedroom in Basement
  • Natural lighting in basement

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Lake, Pond or Stream

Utilities

  • Central Air
  • Geothermal Heating and Cooling
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 02-03-07-300-016.000-042

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,232

Year Built

Built in 2011

Lot Details

0

Parking

4

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2011
  • Age: 6
  • Style: Two Story
  • Total Number of Rooms: 10
  • Total Number of Rooms Below Grade: 4
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 5
  • Total Full Bathrooms: 4
  • Total Number of Half Bathrooms: 1
  • Legal Description: SE 1/4 SW 1/4 EX W 330 FT & EX E 332.3 FT & EX E 165 OF W 825 FT & EX TRACTS SEC 7
  • Parcel Number ID: 02-03-07-300-016.000-042
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Alarm System-Security, Attic Storage, Breakfast Bar, Built-in Desk, Ceiling-Cathedral, Closet(s) Walk-in, Countertops-Stone, Crown Molding, Detector-Smoke, Disposal, Dryer Hook Up Electric, Dryer Hook Up Gas/Elec, Eat-In Kitchen, Foyer Entry, Garage Door Opener, Landscaped, Open Floor Plan, Range/Oven Hook Up Gas, Main Level Bedroom Suite, Great Room, Sump Pump, Washer Hook-Up, Custom Cabinetry
  • Location: Rural
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 96.97
  • Special Features: None

Interior Features

  • Total Sq Ft: 6080
  • Total Finished Sq Ft: 4224
  • Above Grade Finished Sq Ft: 4224
  • Below Grade Sq Ft: 1856
  • Basement: Yes
  • Basement Foundation: Daylight, Partial Basement, Partially Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 2
  • Fireplace: Den, Living/Great Rm
  • Flooring: Hardwood Floors, Carpet, Ceramic Tile
  • Living Great Room: Dimensions: 15x21, On Level: Main
  • Kitchen: Dimensions: 17x19, On Level: Main
  • Breakfast Room: Dimensions: 10x10, On Level: Main
  • Dining Room: Dimensions: 12x14, On Level: Main
  • Family Room: Dimensions: 17x17, On Level: Main
  • Den: Dimensions: 13x16, On Level: Main
  • Bedroom 1: Dimensions: 21x22, On Level: Main
  • Bedroom 2: Dimensions: 13x17, On Level: Upper
  • Bedroom 3: Dimensions: 12x13, On Level: Upper
  • Bedroom 4: Dimensions: 12x15, On Level: Upper
  • Bedroom 5: Dimensions: 14x17, On Level: Basement
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1856

Exterior Features

  • Exterior: Cedar, Stone
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: None

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 4
  • Garage Size: Dimensions: 23x47
  • Garage Sq Ft: 1081

Utilities

  • Cooling: Central Air
  • Heating Fuel: Geothermal
  • Sewer: Septic
  • Water Utilities: Well
  • Laundry: Dimensions: 7xUpper, On Level: 10
  • Water Type: Pond
  • Well Type: Private

Schools

  • School District: East Allen County
  • Elementary School: Cedarville
  • Middle School: Leo
  • High School: Leo

Lot Info

  • Lot Description: Level, Partially Wooded, Waterfront
  • Lot Dimensions: 1328x343
  • Estimated Lot Sq Ft: 398574
  • Estimated Lot Size Acres: 9.15
  • Zoning: R1 - Single Family Residential

Tax Info

  • Annual Taxes: 8231.92
  • Exemptions: Homestead, Mortgage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2017
Sold by
Cleveger Bradley R
Bought by
Birn Sarah S and Birn Jeffrey W
Current Estimated Value
$1,563,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2011
Sold by
Mills Jennifer Ann and Estate Of Wesley T Mills
Bought by
Clevenger Bradley R and Clevenger Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.84%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 25, 2007
Sold by
Mills Ruth L
Bought by
Mills Wesley T and Mills Russell E

Purchase Details

Closed on
Oct 26, 2006
Sold by
Mills Ruth L
Bought by
Mills Wesley T and Mills Russell E

Purchase Details

Closed on
Jan 9, 2006
Sold by
Mills Wesley T and Mills Russell E
Bought by
Mills Family Supplemental Needs Trust

Purchase Details

Closed on
Jan 4, 2006
Sold by
Mills Ruth L
Bought by
Mills Wesley T and Mills Russell E

Purchase Details

Closed on
Nov 1, 2005
Sold by
Mills Ruth L
Bought by
Mills Family Supplemental Needs Trust

Purchase Details

Closed on
Sep 27, 2005
Sold by
Mills Ruth L
Bought by
Mills Family Supplemental Needs Trust
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
Birn Sarah S -- Centurion Land Title Inc
Clevenger Bradley R -- Lawyers Title
Clevenger Bradley R -- Lawyers Title
Clevenger Bradley R -- Lawyers Title
Mills Wesley T -- None Available
Mills Wesley T -- None Available
Mills Family Supplemental Needs Trust -- None Available
Mills Wesley T -- None Available
Mills Family Supplemental Needs Trust -- --
Mills Family Supplemental Needs Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Birn Sarah S $680,000
Previous Owner Clevenger Bradley R $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2017 07/14/17 Sold $800,000 -8.6% $189 / Sq Ft
05/12/2017 05/12/17 Pending -- -- --
09/07/2016 09/07/16 For Sale $875,000 -- $207 / 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 $14,724 $1,439,700 $209,800 $1,229,900
2023 $14,669 $1,439,200 $180,500 $1,258,700
2022 $10,609 $1,069,900 $171,000 $898,900
2021 $10,765 $1,010,700 $171,000 $839,700
2020 $10,651 $980,100 $171,000 $809,100
2019 $8,950 $933,400 $171,000 $762,400
2018 $8,945 $902,600 $146,800 $755,800
2017 $9,007 $871,600 $146,800 $724,800
2016 $8,879 $858,800 $146,800 $712,000
2014 $8,232 $808,700 $146,800 $661,900
2013 $8,274 $795,500 $146,800 $648,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201641808

Indiana Regional MLS

APN: 02-03-07-300-016.000-042