NOT LISTED FOR SALE

7400 Schlatter Rd Leo, IN 46765

Estimated Value: $368,257

20 Acres
$18,413 Price per Acre
871,200 Sq Ft Lot

Sale Details

Date Sold: December 23, 2024

Last sale price $360,000

Est. 2% increase in value since last sale

Current estimated payment $2,028 / mo

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

20 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Nov 19, 2024
Sold by
Bought by
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
$368,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,257
Avg. Annual Appreciation
1.54%
Original Mortgage
$288,000
Outstanding Balance
$189,337
Interest Rate
5.41%
Mortgage Type
New Conventional
Estimated Equity
$178,920

Purchase Details

Closed on
Dec 22, 2022
Sold by
Bought by

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
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Meridian Title
-- Meridian Title
-- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $288,000
Closed $288,000
Previous Owner $69,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 -- $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

    66 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

    75 Total Sales

    Kimberlee Miller
    Section Image
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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

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 Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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