82 N Delaware Ln Somerset, IN 46984
Estimated payment $278/month
About This Lot
PRICE REDUCTION! - If you are looking for a place to build your forever home, then this is it! This 0.45 +/- acre lot located in Somerset Indiana is sitting in a beautiful location and quiet neighborhood just south of Mississinewa Lake. This property offers the perfect blend of tranquility and convenience. Utilities are already in place, including water, electricity, and sewer, making it an easy and seamless start for your custom home or investment project. Whether you're looking to build a personal residence or a lucrative investment property, this ready-to-build lot provides an exceptional opportunity. There are mature trees on the property including a few apple trees that as a bonus have regularly been a hot spot for morel mushrooms each spring! Plenty of wildlife is in the area with it being located so close to Mississinewa Lake. Enjoy an existing finished shop and shed with electric service already ran to each building. Don't miss out on this rare opportunity!
Property Address: 82 N Delaware Ln Somerset, IN 46984
FEATURES
City water hookup
Sewer available
Perimeter drain installed
Garden barn with power
Newly remodeled insulated shop with electric service
All shop tools go with the sale
Concrete slabs
Apple trees
Walking distance to Mississenewa Lake
Mississenwa Lake offers public fishing, boating, beach and camping
DISTANCES
8 miles from Southwood Schools
10 minutes from Red Bridge Marina (Boat Ramp)
22 minutes from Marion
25 minutes from Peru
13 minutes from Wabash
22 minutes from Salamoni Lake
20 minutes from Mississinewa Campground
OTHER
Mississinewa Lake is one of the three Upper Wabash flood-control reservoirs
Excellent fishing, hunting and boating opportunities
400-plus-site campground and family cabins
Mississinewa- the first state property in Indiana to introduce seasonal camping
The area provides attractive habitat to a wide variety of wildlife
Exceptional viewing opportunities for hikers, bird watchers and touring bicyclists
Property Details
Property Type
- Land
Est. Annual Taxes
- $66
Year Built
- 1940
Map
Home Values in the Area
Average Home Value in this Area
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 | $66 | $22,000 | $19,000 | $3,000 |
| 2023 | $255 | $80,600 | $19,000 | $61,600 |
| 2022 | $198 | $72,300 | $16,200 | $56,100 |
| 2021 | $195 | $63,500 | $16,200 | $47,300 |
| 2020 | $168 | $58,600 | $16,200 | $42,400 |
| 2019 | $159 | $58,600 | $16,200 | $42,400 |
| 2018 | $152 | $56,500 | $16,200 | $40,300 |
| 2017 | $160 | $54,600 | $16,200 | $38,400 |
| 2016 | $124 | $55,800 | $16,200 | $39,600 |
| 2014 | $112 | $61,300 | $16,200 | $45,100 |
| 2013 | $98 | $60,400 | $16,200 | $44,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2025 04/21/25 | Price Changed | $49,000 | -18.3% | -- |
| 09/20/2024 09/20/24 | For Sale | $60,000 | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $48,000 | Credit Line Revolving |
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