NOT LISTED FOR SALE

7 Forest Bay Ln Cicero, IN 46034

Estimated Value: $1,565,000 - $1,695,000

5 Beds
5 Baths
5,265 Sq Ft
$307/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $1,395,000 $265 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,891/month

21 Days on Market

Highlights

  • Lake Front
  • Fireplace in Primary Bedroom
  • Vaulted Ceiling
  • 1.4 Acre Lot
  • Wooded Lot
  • Traditional Architecture

About This Home

As of July 2022

Amazing Morse Lakefront Estate Home in Desirable Forest Bay Situated on a 1.4 acre Wooded Lot w/No HOA!! You will Love this Multi-Level Home that is over 5200 Sq Feet with MANY Updates! Lower Level Walkout gives you those Amazing Views of the Lake from Every Window. Wonderful Back Yard offers an Easy Walk to the Lake to enjoy the Lake Sitting Area & Covered Boat Docks! This home has that WOW factor when you walk in the Door! With All the Major Recent Updates & New Paint & Flooring makes this Clean & Crisp. Gourmet Kitchen updated in 2014 has wonderful Lake Views! Owners Luxury Suite w/fireplace w/Updated Bath & Balcony overlooking the Lake. Do Not forget the additional "West Wing" for the In-Laws & plumbed for a Kitchen! The LIST goes on!!!

Last Agent to Sell the Property

Lisa Stokes-Bear

CENTURY 21 Scheetz License #RB14039103 Listed on: 05/20/2022

CENTURY 21 Scheetz

Last Buyer's Agent

Michael Clark

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,736

Year Built

  • Built in 1994

Lot Details

  • 1.4 Acre Lot
  • Lake Front
  • Wooded Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • Multi-Level Property
  • Woodwork
  • Vaulted Ceiling
  • Skylights
  • Entrance Foyer
  • Family Room with Fireplace
  • 4 Fireplaces
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • <<doubleOvenToken>>
  • Electric Cooktop
  • <<microwave>>
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • In-Law or Guest Suite

Basement

  • Walk-Out Basement
  • Basement Lookout

Outdoor Features

  • Multiple Outdoor Decks
  • Covered patio or porch
  • Fire Pit
  • Shed
  • Storage Shed

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Geothermal Heating and Cooling
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Forest Bay Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 290611101008000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,736

Year Built

Built in 1994

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Multi-Level, TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2021
  • Year Built: 1994
  • Building Area Total: 5265
  • Garage Y N: Yes
  • Lot Size Acres: 1.4
  • Subdivision Name: Forest Bay
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Open House Count: 0
  • Open House Public Count: 0
  • Accessibility Features YN: No
  • MBR_AttributionContact: lstokes@c21scheetz.com
  • Active Open House Count: 0
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Walk Out, Daylight/Lookout Windows
  • Appliances: Electric Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Wine Cooler, Double Oven, Electric Water Heater, Water Softener Owned
  • Levels: Multi/Split
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • Fireplace Features: Primary Bedroom, Family Room, Great Room, Living Room
  • Fireplaces: 4
  • Interior Amenities: Vaulted Ceiling(s), Walk-in Closet(s), Hardwood Floors, Skylight(s), Wood Work Painted, Breakfast Bar, Eat-in Kitchen, Entrance Foyer, Hi-Speed Internet Availbl, Network Ready, In-Law Arrangement, Center Island
  • Living Area: 5265
  • Other Equipment: Smoke Alarm
  • Areas Interior: Great Room - 2 Story
  • Eating Area: Dining Combo/Kitchen,Separate Room
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 3825
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Kitchen Features: Kitchen Updated
  • Upper Level Sq Ft: 1440
  • ResoLivingAreaSource: Assessor
  • Rooms Basement: 0
  • SqFt Total: 5265

Exterior Features

  • Construction Materials: Brick, Wood Siding
  • Disclosures: Not Applicable
  • Exterior Features: Outdoor Fire Pit, Storage Shed, Dock
  • Foundation Details: Poured Concrete
  • List Price: 1475900
  • Patio And Porch Features: Multiple Decks, Covered Porch
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 3
  • Parking Features: Asphalt, Attached, Garage Door Opener, Storage
  • Garage Parking Other: Finished Garage
  • Garage Sq Ft: 703

Utilities

  • Cooling: Central Electric, Geothermal
  • Heating: Forced Air, Heat Pump, Electric
  • Water Source: Private Well
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Lot Info

  • Lot Features: Wooded
  • Property Attached Yn: No
  • Additional Parcels: No
  • Lot Size Sq Ft: 1.4
  • Parcel Number: 290611101008000008
  • Acres: 1-3 Acres

Green Features

  • Green Certification Y N: No

Tax Info

  • Tax Annual Amount: 8736
  • Tax Block: 0
  • Tax Lot: 7
  • Semi Annual Property Tax Amt: 4368
  • Tax Exemption: Mortage Tax Exemption

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Jul 13, 2022
Sold by
Bowden Sally A
Bought by
Collins Michael W and Collins Morgan M
Seller's Agent
Lisa Stokes-Bear
CENTURY 21 Scheetz
Buyer's Agent
Michael Clark
List Price
$1,475,900
Sold Price
$1,395,000
Premium/Discount to List
-$80,900
-5.48%
Current Estimated Value
$1,618,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,656
Avg. Annual Appreciation
3.75%
Original Mortgage
$895,000
Outstanding Balance
$858,514
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$700,609

Purchase Details

Closed on
Jun 22, 2021
Sold by
Bowden Michael L
Bought by
Bowden Sally A

Purchase Details

Closed on
May 23, 2007
Sold by
Ehlers Jerry R and Ehlers Rita R
Bought by
Bowden Michael L and Bowden Sally A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,500
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Collins Michael W $1,395,000 Drake Andrew R
Bowden Sally A -- None Available
Bowden Michael L -- Fat
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Michael W $895,000
Previous Owner Bowden Michael L $601,025
Previous Owner Bowden Michael L $62,138
Previous Owner Bowden Michael L $634,500
Previous Owner Ehlers Jerry R $506,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2022 07/11/22 Sold $1,395,000 -5.5% $265 / Sq Ft
06/10/2022 06/10/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $1,475,900 -- $280 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $11,412 $1,421,200 $350,100 $1,071,100
2023 $11,557 $1,116,100 $350,100 $766,000
2022 $5,866 $586,000 $262,600 $323,400
2021 $5,416 $558,500 $262,600 $295,900
2020 $8,736 $558,800 $262,600 $296,200
2019 $8,596 $556,100 $245,300 $310,800
2018 $8,281 $528,800 $245,300 $283,500
2017 $8,038 $527,400 $245,300 $282,100
2016 $7,960 $524,600 $245,300 $279,300
2014 $4,964 $499,300 $222,700 $276,600
2013 $4,964 $495,000 $217,000 $278,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21856377

MIBOR Broker Listing Cooperative®

APN: 29-06-11-101-008.000-008