NOT LISTED FOR SALE

Estimated Value: $186,000 - $268,000

1.88 Acres
$120,986 Price per Acre
81,893 Sq Ft Lot

Last Sold February 23, 2023

Last sale price $155,000

Est. 50% increase in value since last sale

Current estimated payment $1,465/month

185 Days on Market

Highlights

  • Waterfront
  • 1.88 Acre Lot
  • Lake, Pond or Stream
  • Homestead Senior High School Rated A

About This Lot

As of February 2023

One of a kind pond lot on almost 2 acres in Homestead schools! Build your dream home right on this slice of heaven with no HOA dues, no maintenance dues, no covenants & restrictions, & city water/sewer available! This lot was rezoned to allow for a single family home or duplex to be built. The property has been subdivided into two separate parcels to allow for many different options. You could build your home on the entire property, or build two separate houses, or build on one and sell the other. A great location just minutes to Lutheran Hospital as well as plenty of other restaurants, shopping, golf courses, and schools!

Last Agent to Sell the Property

Evan Riecke

Encore Sotheby's International Realty Listed on: 08/08/2022

Last Buyer's Agent

Evan Riecke

Encore Sotheby's International Realty Listed on: 08/08/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,619

Lot Details

  • 1.88 Acre Lot
  • Lot Dimensions are 220x414
  • Waterfront
  • Finished Lot(s)
  • Subdivision Possible

Parking

  • Driveway

Schools

  • Deer Ridge Elementary School
  • Woodside Middle School
  • Homestead High School

Additional Features

  • Lake, Pond or Stream
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 02-11-14-106-001.000-075

Property Details

Property Type

Land

Est. Annual Taxes

$1,619

Lot Details

0

Listing Details

  • Class: LOTS AND LAND
  • Property Sub Type: Residential Land
  • Waterfront: Yes
  • Legal Description: E658.3 OF W987.3FT NW1/4 EX Covington Place Sec 14
  • Parcel Number ID: 02-11-14-106-001.000-075
  • Platted: Yes
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 94
  • Parcel Description: Waterfront, 0-2.9999
  • Type of Sale: Traditional
  • Can Be Subdivided: Yes
  • Type Use: Residential
  • Year Taxes Payable: 2022
  • Special Features: None

Exterior Features

  • Road Frontage: City

Utilities

  • Water Utilities: City
  • Water Type: Pond
  • Electricity Type: Available
  • Fuel Type: Gas
  • Sewer Type: City

Schools

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

Lot Info

  • Lot Dimensions: 220x414
  • Estimated Lot Sq Ft: 81892
  • Estimated Lot Size Acres: 1.88

Tax Info

  • Annual Taxes: 1619

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2022
Closed on
Feb 22, 2023
Sold by
Hart Management Inc
Bought by
Houser John A and Houser Jennifer L
Seller's Agent
Evan Riecke
Encore Sotheby's International Realty
Buyer's Agent
Evan Riecke
Encore Sotheby's International Realty
List Price
$164,900
Sold Price
$155,000
Premium/Discount to List
-$9,900
-6%
Views
194
Current Estimated Value
$231,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,797
Avg. Annual Appreciation
22.90%

Purchase Details

Closed on
Jun 6, 2022
Sold by
Windsor Inc
Bought by
Hart Management Inc

Purchase Details

Listed on
Jun 11, 2021
Closed on
Dec 30, 2021
Sold by
Shuttleworth Linda S and Linda S Shuttleworth Trust
Bought by
Windsor Inc
Seller's Agent
Bradley Stinson
North Eastern Group Realty
Buyer's Agent
Rob Wacker
Windsor Homes
List Price
$184,900
Sold Price
$130,000
Premium/Discount to List
-$54,900
-29.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.83%

Purchase Details

Listed on
May 25, 2018
Closed on
Sep 27, 2019
Sold by
Reecer Properties Llc
Bought by
Linda S Shuttleworth Trust
Seller's Agent
Lynn Reecer
Reecer Real Estate Advisors
Buyer's Agent
Lynn Reecer
Reecer Real Estate Advisors
List Price
$54,900
Sold Price
$60,000
Premium/Discount to List
$5,100
9.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.79%

Purchase Details

Closed on
Aug 8, 2017
Sold by
Rex Allen
Bought by
Reecer Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.03%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 20, 2017
Sold by
Kerry
Bought by
Rex Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
4.03%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 13, 2004
Sold by
Gourlie Property Management Inc
Bought by
Kaufmann Kerry S

Purchase Details

Closed on
Mar 13, 2003
Sold by
Allen Rex D and Allen Julie K
Bought by
Gourlie Property Management Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,373
Interest Rate
6%
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Houser John A $155,000 Metropolitan Title
Hart Management Inc $130,283 Fidelity National Title
Windsor Inc $130,000 Metropolitan Title Of In Llc
Linda S Shuttleworth Trust $60,000 Metropolitan Title Of In Llc
Reecer Properties Llc $69,900 --
Reccer Properties Llc $69,900 Metropolitan Title Of Indian
Allen Rex Dean $69,900 Metropolitan Title Of Indian
Rex Allen $69,900 --
Kaufmann Kerry S -- --
Gourlie Property Management Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Houser John A $250,000
Previous Owner Allen Rex Dean $1,500,000
Previous Owner Gourlie Property Management Inc $46,373
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2023 02/23/23 Sold $155,000 -6.0% --
08/08/2022 08/08/22 For Sale $164,900 +26.8% --
12/31/2021 12/31/21 Sold $130,000 -29.7% --
12/03/2021 12/03/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $184,900 +208.2% --
09/27/2019 09/27/19 Sold $60,000 -33.3% --
05/24/2019 05/24/19 Pending -- -- --
04/30/2019 04/30/19 Price Changed $89,900 -5.3% --
04/17/2019 04/17/19 Price Changed $94,900 -5.0% --
11/07/2018 11/07/18 Price Changed $99,900 +90.6% --
09/20/2018 09/20/18 Price Changed $52,400 -4.6% --
05/25/2018 05/25/18 For Sale $54,900 -- --
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 $2,221 $90,200 $90,100 $100
2023 $2,221 $90,100 $90,100 $0
2022 $1,495 $56,700 $56,700 $0
2021 $1,576 $56,700 $56,700 $0
2020 $1,619 $56,700 $56,700 $0
2019 $389 $13,100 $13,100 $0
2018 $392 $13,100 $13,100 $0
2017 $408 $13,100 $13,100 $0
2016 $414 $13,100 $13,100 $0
2014 $409 $13,100 $13,100 $0
2013 $411 $13,100 $13,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202232863

Indiana Regional MLS

APN: 02-11-14-106-001.000-075