NOT LISTED FOR SALE

7114 Schlatter Rd Leo, IN 46765

Estimated Value: $745,000 - $822,541

4.7 Acres
$165,570 Price per Acre
204,732 Sq Ft Lot

Last Sold October 25, 2016

Last sale price $97,000

Est. 702% increase in value since last sale

Current estimated payment $4,730/month

1,270 Days on Market

Highlights

  • Waterfront
  • 4.7 Acre Lot
  • Lake, Pond or Stream
  • Cedarville Elementary School Rated A-

About This Lot

As of October 2016

EXCELLENT LOCATION and NEIGHBORHOOD offers 4.7 BEAUTIFULLY ROLLING ACRES with pond, an existing construction grade drive, installed underground electrical service to the rear of the lot with transformer, and a preliminarily approved site plan allowing construction of a four bedroom home on a walkout basement foundation with a separately installed 40x60 outbuilding pad. Minimum 1800 SF for single story or 2200 SF for multi-story. Natural gas is available roughly 400 feet to the west of the properties NW corner. An ideal scenario would be to have a geothermal open loop system feeding the pond or a closed loop system with coils in the pond and propane supplemental backup heat - cheap utilities! There are many upscale homes on large parcels throughout the area that make this an attractive place to raise a family or enjoy the simple life with a bit of luxury. There’s paved road surfaces in all directions and its only 3 miles to award winning schools. Major highway access allows quick routes for commuters to major employers and the opposite sides of the area. Nearby shopping, entertainment, eateries, churches, and several golf courses mean you won’t get bored. A General Contractor seller is offering a small discount if the buyer allows him to build their dream home: however, this is not required.

Last Agent to Sell the Property

Ken Steury

Coldwell Banker Real Estate Group Listed on: 04/08/2013

Coldwell Banker Real Estate Group

Last Buyer's Agent

Arthur Bunt

Mike Thomas Assoc., Inc

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,357

Lot Details

  • 4.7 Acre Lot
  • Lot Dimensions are 433 x 473 x 433 x 470
  • Waterfront
  • Property fronts a county road
  • Finished Lot(s)

Outdoor Features

  • Lake, Pond or Stream

Schools

  • Cedarville Elementary School
  • Leo Middle School
  • Leo High School

Utilities

  • Propane
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 02-03-17-100-002.005-042

Property Details

Property Type

Land

Est. Annual Taxes

$1,357

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Residential Land
  • Waterfront: Yes
  • Legal Description: PT OF NW 1/4, SEC 17,T32N, R 13 E, (Containing 4.7 Acres +/-) |
  • Parcel Number ID: 02-03-17-100-002.005-042
  • Platted: Yes
  • Cross Street: Viberg Road
  • Road Access: County
  • Road Surface: Paved
  • Section Number: 17
  • Sp Lp Percent: 97.1
  • Parcel Description: Slope, Waterfront, Rolling
  • Restrictions: Restrictions
  • Type of Sale: Traditional
  • Type Use: Residential
  • Year Taxes Payable: 2015
  • Special Features: None

Exterior Features

  • Road Frontage: County

Utilities

  • Water Utilities: Well
  • Water Type: Pond
  • Electricity Type: Available
  • Fuel Type: Propane
  • Sewer Type: Septic

Schools

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

Lot Info

  • Lot Dimensions: 433 x 473 x 433 x 470
  • Estimated Lot Sq Ft: 205348
  • Estimated Lot Size Acres: 4.7

Tax Info

  • Annual Taxes: 1357.28

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2013
Closed on
Oct 25, 2016
Sold by
Miller Donald L
Bought by
Embry Jalme L and Embry Tiffany J
Seller's Agent
Ken Steury
Coldwell Banker Real Estate Group
Buyer's Agent
Arthur Bunt
Mike Thomas Assoc., Inc
List Price
$112,000
Sold Price
$97,000
Premium/Discount to List
-$15,000
-13.39%
Current Estimated Value
$778,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$681,180
Avg. Annual Appreciation
26.49%
Original Mortgage
$77,600
Interest Rate
3.5%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 22, 2007
Sold by
Benjamin Clayton L and Benjamin Karen J
Bought by
Miller Donald L
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
Embry Jalme L -- Renaissance Title
Embry Jalme L -- Renaissance Title
Miller Donald L -- Commonwealth-Dreibelbiss Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laembry Jaime La $399,550
Closed Embry Jaime L $50,000
Closed Embry Jalme L $77,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2016 10/25/16 Sold $97,000 -13.4% --
09/29/2016 09/29/16 Pending -- -- --
04/08/2013 04/08/13 For Sale $112,000 -- --
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 $5,990 $745,900 $134,100 $611,800
2023 $5,960 $648,200 $111,800 $536,400
2022 $5,467 $598,800 $111,800 $487,000
2021 $4,780 $487,200 $111,800 $375,400
2020 $4,745 $473,000 $111,800 $361,200
2019 $4,182 $463,000 $111,800 $351,200
2018 $4,209 $449,300 $99,900 $349,400
2017 $847 $82,300 $82,300 $0
2016 $1,367 $82,300 $82,300 $0
2014 $1,357 $82,300 $82,300 $0
2013 $1,396 $82,300 $82,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201303432

Indiana Regional MLS

APN: 02-03-17-100-002.005-042