NOT LISTED FOR SALE

8825 N Shepards Park Ct Monticello, IN 47960

Estimated Value: $218,000 - $258,849

3 Beds
1 Bath
960 Sq Ft
$255/Sq Ft Est. Value

Last Sold January 12, 2021

Last sale price $212,950 $222 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,471/month

49 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Lake Property
  • Community Fire Pit
  • Pier or Dock
  • Cathedral Ceiling
  • 2 Car Detached Garage

About This Home

As of January 2021

Tucked away on the north end of Lake Shafer, this cottage offers the lake amenities to maximize your lake experience. To begin with, the waterfront includes a permanent covered electric boat lift. In addition, the lakeside of the home has a large wrap around deck and just down the steps is a firepit overlooking views. The inside is ideally laid out with an updated kitchen that includes an eat-in dining area, and a living room with cathedral ceilings that has easy access to the lakeside deck through the sliding glass door. Also, there are 3 bedrooms, 1 bathroom and 960 sqft of living space. There is ample storage offered from the large 24x24 two car garage. Seller just installed brand new central air! Come and enjoy the benefits of the lake life from this daring cottage on Lake Shafer!

Last Agent to Sell the Property

Bart Hickman

REAL ESTATE NETWORK L.L.C Listed on: 11/20/2020

Last Buyer's Agent

Cheryl L Rycraft

REAL ESTATE NETWORK L.L.C

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $920

Year Built

  • Built in 1958

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 141
  • 50 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • Cabin
  • Composite Building Materials
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Block Basement Construction
  • Crawl Space

Outdoor Features

  • Waterski or Wakeboard
  • Seawall
  • Lake Property
  • Lake, Pond or Stream

Schools

  • North White Primary Elementary School
  • North White Middle School
  • North White High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Leased Propane
  • Propane
  • Shared Well
  • Well

Listing and Financial Details

  • Assessor Parcel Number 91-83-15-000-024.400-010

Community Details

Amenities

  • Community Fire Pit

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$920

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1958
  • Age: 62
  • Style: One Story
  • Architectural Style: Cabin/Cottage
  • Total Number of Rooms: 6
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: SHEPARDS PARK SEC A LOT 7
  • Parcel Number ID: 91-83-15-000-024.400-010
  • Platted: Yes
  • Amenities: Ceiling-Cathedral, Ceiling Fan(s), Deck Open, Firepit, Garage Door Opener
  • Improvmnts In Last5 Yrs: Yes
  • Location: Lake
  • Sp Lp Percent: 96.84
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 960
  • Total Finished Sq Ft: 960
  • Above Grade Finished Sq Ft: 960
  • Price Per Sq Ft: 221.82
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Carpet, Tile, Vinyl
  • Living Great Room: Dimensions: 10x25, On Level: Main
  • Kitchen: Dimensions: 11x10, On Level: Main
  • Bedroom 1: Dimensions: 12x13, On Level: Main
  • Bedroom 2: Dimensions: 11x12, On Level: Main
  • Bedroom 3: Dimensions: 10x12, On Level: Main
  • Main Level Sq Ft: 960
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Composite
  • Outbuilding1: None
  • Lake Type: Ski Lake
  • Sea Wall Type: Steel, Wood
  • Water Features: Pier/Dock
  • Water Frontage: 50
  • Water Name: Lake Shafer

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage Sq Ft: 576
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Propane, Conventional, Forced Air, Propane Tank Rented
  • Sewer: Regional
  • Water Utilities: Well
  • Water Type: Lake
  • Well Type: Shared

Schools

  • School District: North White School Corp.
  • Elementary School: North White Primary
  • Middle School: North White
  • High School: North White
  • Elementary School: North White Primary

Lot Info

  • Lot Description: Waterfront, Flood Plain, Waterfront-Level Bank
  • Lot Dimensions: 50 X 141
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Tax Info

  • Annual Taxes: 920.28

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: North White
  • Middle School: North White
  • School District: North White School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2020
Closed on
Jan 12, 2021
Sold by
Hicks and Dixie
Bought by
Cary Shannon
Seller's Agent
Bart Hickman
REAL ESTATE NETWORK L.L.C
Buyer's Agent
Cheryl L Rycraft
REAL ESTATE NETWORK L.L.C
List Price
$219,900
Sold Price
$212,950
Premium/Discount to List
-$6,950
-3.16%
Current Estimated Value
$261,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,090
Avg. Annual Appreciation
3.79%
Original Mortgage
$195,700
Outstanding Balance
$176,651
Interest Rate
2.71%
Mortgage Type
Construction
Estimated Equity
$75,907

Purchase Details

Listed on
Apr 10, 2018
Closed on
May 31, 2018
Sold by
Lane William K and Lane Mary F
Bought by
David Thomas C and David Lock
Seller's Agent
Carol Disosway
REAL ESTATE NETWORK L.L.C
Buyer's Agent
Bart Hickman
REAL ESTATE NETWORK L.L.C
List Price
$144,900
Sold Price
$140,900
Premium/Discount to List
-$4,000
-2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.07%
Original Mortgage
$126,810
Interest Rate
4.4%
Mortgage Type
New Conventional
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
Cary Shannon $244,625 Simplifile Lc E-Recording
David Thomas C $158,512 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cary Shannon $195,700
Previous Owner David Thomas C $126,810
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2021 01/12/21 Sold $212,950 -3.2% $222 / Sq Ft
11/20/2020 11/20/20 For Sale $219,900 +30.1% $229 / Sq Ft
07/17/2020 07/17/20 Sold $169,000 -0.5% $176 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $169,900 +20.6% $177 / Sq Ft
05/31/2018 05/31/18 Sold $140,900 -2.8% $147 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $144,900 -- $151 / 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 $509 $154,500 $44,000 $110,500
2023 $555 $161,300 $44,000 $117,300
2022 $506 $132,000 $44,000 $88,000
2021 $370 $107,700 $44,000 $63,700
2020 $1,018 $93,800 $29,700 $64,100
2019 $920 $89,000 $24,800 $64,200
2018 $245 $87,300 $24,800 $62,500
2017 $215 $81,700 $24,800 $56,900
2016 $199 $81,800 $24,800 $57,000
2014 $199 $82,500 $24,800 $57,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202046606

Indiana Regional MLS

APN: 91-83-15-000-024.400-010