NOT LISTED FOR SALE

7400 Schlatter Rd Leo, IN 46765

Estimated Value: $371,143

20 Acres
$18,557 Price per Acre
871,200 Sq Ft Lot

Last Sold December 23, 2024

Last sale price $360,000

Est. 3% increase in value since last sale

Current estimated payment $1,977/month

152 Days on Market

Highlights

  • 20 Acre Lot
  • Cedarville Elementary School Rated A-
  • Agricultural

About This Lot

As of December 2024

Great opportunity to own a piece of secluded property for your dream home or just simple farming. Located just east of Tonkel Road in the Leo School district this is great place to build the little family compound. Slightly rolling land so it doesn't seem like a flat corn field with tree-lined views. Could be multiple building sites, but seller is wanting to sell the entire 20 acres in one parcel. Property is accessed from a 1700 ft. easement off the road. Nice paved road location close to the north hospitals. Loads of wildlife and extreme privacy. You'll want to come take a look. Survey is available.

Last Agent to Sell the Property

Kedric Koeppe

CENTURY 21 Bradley Realty, Inc Brokerage Phone: 260-433-3300 Listed on: 06/12/2024

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

Kimberlee Miller

CENTURY 21 Bradley Realty, Inc

CENTURY 21 Bradley Realty, Inc

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $170

Lot Details

  • 20 Acre Lot
  • Property fronts an easement
  • Rural Setting
  • Finished Lot(s)
  • Subdivision Possible
  • Property is zoned A1

Schools

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

Farming

  • Agricultural

Utilities

  • Well Required
  • Septic System

Community Details

  • The community has rules related to deed restrictions

Listing and Financial Details

  • Assessor Parcel Number 02-03-17-100-004.000-042

Property Details

Property Type

Land

Est. Annual Taxes

$170

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Agricultural Land
  • Legal Description: Metes & Bounds 20.0 +/- .10 acres
  • Parcel Number ID: 02-03-17-100-004.000-042
  • Platted: Yes
  • Cross Street: Viberg Road
  • Location: Rural
  • Road Access: County
  • Road Surface: Paved
  • Section Number: 17
  • Parcel Description: Undeveloped
  • Road Frontage Description: 50 ft easement to site
  • Restrictions: Deed Restrictions
  • Type of Sale: Traditional
  • Can Be Subdivided: Yes
  • Options: Sell Entirely
  • Side Of Road: South
  • Type Use: Agriculture
  • County Zoning: A1
  • Special Features: None

Exterior Features

  • Road Frontage: Easement

Utilities

  • Water Utilities: Well Needed
  • Electric Company: Indiana Michigan Power
  • Cable Company: Mediacom
  • Electricity Type: Available
  • Sewer Type: Septic

Schools

  • Elementary School: Cedarville

Lot Info

  • Lot Dimensions: 657 x 918 x 726 x 918 plus 50' x 1704' E
  • Estimated Lot Sq Ft: 871200
  • Estimated Lot Size Acres: 20
  • Easements: Yes
  • Numbertillable Acres: 20

Tax Info

  • Annual Taxes: 170

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
Jun 12, 2024
Closed on
Nov 19, 2024
Sold by
Viberg Development Group Llc
Bought by
Brothers Casey and Brothers William
Seller's Agent
Kedric Koeppe
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Kimberlee Miller
CENTURY 21 Bradley Realty, Inc
List Price
$365,000
Sold Price
$360,000
Premium/Discount to List
-$5,000
-1.37%
Views
46
Current Estimated Value
$371,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,143
Avg. Annual Appreciation
2.89%
Original Mortgage
$288,000
Outstanding Balance
$189,337
Interest Rate
5.41%
Mortgage Type
New Conventional
Estimated Equity
$181,806

Purchase Details

Closed on
Dec 22, 2022
Sold by
Witmer Donald R
Bought by
Viberg Development Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,500
Interest Rate
6.61%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Brothers Casey -- Meridian Title
Brothers Casey -- Meridian Title
Viberg Development Group Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brothers Casey $288,000
Closed Brothers Casey $288,000
Previous Owner Viberg Development Group Llc $69,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2024 12/23/24 Sold $360,000 -1.4% --
11/11/2024 11/11/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $365,000 -- --
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
2025 $654 $35,200 $35,200 --
2024 $520 $37,800 $37,800 --
2023 $520 $31,500 $31,500 --
Source: Public Records

Agents Affiliated with this Home

  • Kedric Koeppe

    Seller's Agent in 2024

    Kedric Koeppe

    CENTURY 21 Bradley Realty, Inc

    (260) 433-3300

    8 in this area

    65 Total Sales

    Kedric Koeppe
    Section Image
  • Kimberlee Miller

    Buyer's Agent in 2024

    Kimberlee Miller

    CENTURY 21 Bradley Realty, Inc

    (260) 387-0391

    5 in this area

    77 Total Sales

    Kimberlee Miller
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202421363

Indiana Regional MLS

APN: 02-03-17-100-004.001-042

Indiana Allen County Leo 46765

7400 Schlatter Rd, Leo, IN

Not Listed for Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes