NOT LISTED FOR SALE

Estimated Value: $529,000 - $591,000

4 Beds
3.5 Baths
4,305 Sq Ft
$131/Sq Ft Est. Value

Last Sold August 21, 2014

Last sale price $366,000 $85 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $3,544/month

75 Days on Market

Highlights

  • 75 Feet of Waterfront
  • Primary Bedroom Suite
  • Lake, Pond or Stream
  • Homestead Senior High School Rated A
  • Open Floorplan
  • Traditional Architecture

About This Home

As of August 2014

NEW PRICE ! Pristine one-owner-home built by Palatial Homes located on 8 acre stocked pond with a fountain ! Full walk-out daylight lower level opens onto a 12x12 patio. Foyer, Great Room & Hearth Room have 13.5 ft ceilings. Foyer has crown molding & hardwood floors. Great room with crown molding & wall of windows overlooking pond. Hearth room with ceramic tile floor, 2 sided fireplace & octagonal ceiling, opens onto 15x14 deck. Spacious Kitchen offers granite countertops, a large island with breakfast bar, cherry cabinets, SS appliances & a large corner pantry. Main level master suite overlooks pond & features a trey ceiling, a ceramic walk-in shower with his/her shower heads, a jetted tub, twin vanities & a large walk-in closet. Second floor landing offers a niche for a computer station & two bedrooms sharing a Jack-N-Jill bathroom. A walk-in attic is an added bonus. Main level laundry with ceramic tile floor, sink, cabinets. Full daylight & walk-out Lower Level offers a wet bar, a cozy recreation room, a family room with surround sound, a den, a fourth bedroom & a full bathroom. Additional storage is available in the large mechanical room. High efficiency furnace, Manabloc water lines, wired for security system. Enjoy the scenic views of the pond or walk/jog on the nearby Aboite Trails.

Last Agent to Sell the Property

Patricia Piat

Mike Thomas Assoc., Inc Listed on: 05/16/2014

Mike Thomas Assoc., Inc

Last Buyer's Agent

Dave McDaniel

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,720

Year Built

  • Built in 2007

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 91x141x75x136
  • 75 Feet of Waterfront
  • Backs to Open Ground
  • Cul-De-Sac
  • Landscaped

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Crown Molding
  • Tray Ceiling
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Entrance Foyer
  • Great Room
  • Dining Room with Fireplace
  • Formal Dining Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Stone Countertops
  • Utility Sink
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Double Vanity
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry on main level
  • Gas And Electric Dryer Hookup

Attic

  • Storage In Attic
  • Walkup Attic

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement
  • Natural lighting in basement

Home Security

  • Prewired Security
  • Fire and Smoke Detector

Outdoor Features

  • Lake, Pond or Stream
  • Covered Patio or Porch

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • High-Efficiency Furnace
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 02-11-11-426-013.000-075

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,720

Year Built

Built in 2007

Lot Details

0

HOA Fees

$29 per month

Parking

3

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2007
  • Age: 7
  • Style: Two Story
  • Architectural Style: Traditional
  • Total Number of Rooms: 11
  • Total Number of Rooms Below Grade: 1
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: The Fountain at Covington, Lot 40
  • Parcel Number ID: 02-11-11-426-013.000-075
  • Platted: Yes
  • Amenities: Attic Storage, Attic-Walk-up, Breakfast Bar, Cable Ready, Ceiling-9+, Ceiling-Tray, Ceiling Fan(s), Closet(s) Walk-in, Countertops-Stone, Crown Molding, Deck Open, Detector-Smoke, Disposal, Dryer Hook Up Gas/Elec, Foyer Entry, Garage Door Opener, Jet Tub, Landscaped, Near Walking Trail, Open Floor Plan, Patio Open, Porch Covered, Range/Oven Hk Up Gas/Elec, Split Br Floor Plan, Twin Sink Vanity, Utility Sink, Wet Bar, Wiring-Security System, Stand Up Shower, Main Level Bedroom Suite, Formal Dining Room, Great Room, Main Floor Laundry, Sump Pump
  • Cross Street: Fountain Boulevard
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Road Access: City
  • Road Surface: Paved
  • Sp Lp Percent: 97.73
  • Special Features: None

Interior Features

  • Total Sq Ft: 4529
  • Total Finished Sq Ft: 4305
  • Above Grade Finished Sq Ft: 2645
  • Below Grade Finished Sq Ft: 1660
  • Below Grade Sq Ft: 224
  • Basement: Yes
  • Basement Foundation: Daylight, Full Basement, Walk-Out Basement, Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Breakfast Room, Gas Log, Vented
  • Flooring: Hardwood Floors, Carpet, Tile
  • Living Great Room: Dimensions: 18x22, On Level: Main
  • Kitchen: Dimensions: 12x16, On Level: Main
  • Breakfast Room: Dimensions: 12x21, On Level: Main
  • Dining Room: Dimensions: 12x14, On Level: Main
  • Family Room: Dimensions: 18x18, On Level: Lower
  • Den: Dimensions: 14x14, On Level: Lower
  • Recreation Room: Dimensions: 20x32, On Level: Lower
  • Extra Room: On Level: N/A
  • Bedroom 1: Dimensions: 15x17, On Level: Main
  • Bedroom 2: Dimensions: 11x14, On Level: Upper
  • Bedroom 3: Dimensions: 12x14, On Level: Upper
  • Bedroom 4: Dimensions: 12x14, On Level: Lower
  • Bedroom 5: On Level: N/A
  • Loft: On Level: N/A
  • Main Level Sq Ft: 1937
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1884

Exterior Features

  • Exterior: Stone, Vinyl
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: None
  • Water Frontage: 75

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 3
  • Garage Size: Dimensions: 25x35
  • Garage Sq Ft: 875

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Hvac: Ceiling Fan, High Efficiency Furnace
  • Laundry: Dimensions: 8xMain, On Level: 9
  • Water Type: Pond

Condo/Co-op/Association

  • Association Restrictions: Yes
  • Association Fees: 345
  • Association Fees Frequency: Annually

Schools

  • School District: MSD of Southwest Allen Cnty
  • Elementary School: Deer Ridge
  • Middle School: Woodside
  • High School: Homestead

Lot Info

  • Lot Description: Cul-De-Sac, Waterfront
  • Lot Dimensions: 91x141x75x136
  • Estimated Lot Sq Ft: 11889
  • Estimated Lot Size Acres: 0.265
  • Lot Number: 40
  • Zoning: R1 - Single Family Residential

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Tax Info

  • Annual Taxes: 3720.44
  • Exemptions: Homestead, Mortgage

Multi Family

  • Water Access: Frontage Lot

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2014
Closed on
Aug 1, 2014
Sold by
Stilian John N and Stilian Dolores J
Bought by
Morthorst Andrew J and Morthorst Karen M
Seller's Agent
Patricia Piat
Mike Thomas Assoc., Inc
Buyer's Agent
Dave McDaniel
RE/MAX Results
List Price
$389,500
Sold Price
$366,000
Premium/Discount to List
-$23,500
-6.03%
Current Estimated Value
$563,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,667
Avg. Annual Appreciation
3.87%
Original Mortgage
$341,000
Outstanding Balance
$264,052
Interest Rate
4.14%
Mortgage Type
New Conventional
Estimated Equity
$291,750

Purchase Details

Closed on
Jun 20, 2008
Sold by
Palatial Homes Inc
Bought by
Stilian John N and Stilian Dolores J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Morthorst Andrew J -- None Available
Stilian John N -- Riverbend Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morthorst Andrew J $225,300
Open Morthorst Andrew J $341,000
Previous Owner Stilian John N $296,000
Previous Owner Stilian John N $35,099
Previous Owner Stilian John N $274,000
Previous Owner Palatial Homes Inc $305,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2014 08/21/14 Sold $366,000 -6.0% $85 / Sq Ft
07/30/2014 07/30/14 Pending -- -- --
05/16/2014 05/16/14 For Sale $389,500 -- $90 / 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 $5,326 $552,400 $60,000 $492,400
2023 $5,326 $494,300 $43,700 $450,600
2022 $4,975 $457,300 $43,700 $413,600
2021 $4,351 $412,900 $43,700 $369,200
2020 $4,030 $381,300 $43,700 $337,600
2019 $3,969 $374,600 $43,700 $330,900
2018 $3,822 $360,100 $43,700 $316,400
2017 $3,847 $358,800 $43,700 $315,100
2016 $3,701 $346,000 $43,700 $302,300
2014 $3,576 $336,700 $43,700 $293,000
2013 $3,720 $348,100 $35,500 $312,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201418503

Indiana Regional MLS

APN: 02-11-11-426-013.000-075