NOT LISTED FOR SALE

935 N 740 W Shipshewana, IN 46565

Estimated Value: $308,685 - $404,000

5 Beds
3 Baths
2,472 Sq Ft
$140/Sq Ft Est. Value

Last Sold April 03, 2023

Last sale price $287,500 $116 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,181/month

4 Days on Market

Highlights

  • 174 Feet of Waterfront
  • RV Parking in Community
  • 2 Car Attached Garage
  • Meadowview Elementary School Rated A
  • Lake, Pond or Stream
  • Central Air

About This Home

As of April 2023

Rare Rainbow Lake Double Lot Lakefront home in the heart of Shipshewana. Potential duplex, guest house or vacation rental with multiple separate entrances, two kitchens and walk out basement. Huge deck and outdoor entertainment areas with paver patio and pergola. Very efficient geothermal heating and cooling with 6" walls. New roof in 2016.

Last Listed By

John Wainwright

Lewis & Lambright Inc Listed on: 03/14/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,423

Year Built

  • Built in 1982

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 82x216
  • 174 Feet of Waterfront
  • Sloped Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Shingle Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Walkup Attic
  • Laundry on main level

Bedrooms and Bathrooms

  • 5 Bedrooms

Partially Finished Basement

  • Walk-Out Basement
  • Block Basement Construction
  • 1 Bedroom in Basement
  • Crawl Space

Outdoor Features

  • Sun Deck
  • Lake, Pond or Stream

Schools

  • Shipshewana Elementary School
  • Westview Middle School
  • Westview High School

Utilities

  • Central Air
  • Geothermal Heating and Cooling
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • RV Parking in Community

Listing and Financial Details

  • Assessor Parcel Number 44-05-23-200-010.002-014

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,423

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1982
  • Age: 41
  • Style: Two Story
  • Total Number of Rooms: 10
  • Total Number of Rooms Below Grade: 1
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: RAINBOW LAKE SUBDIVISION LOT 2 RAINBOW LAKE, RAINBOW LAKE SUBDIVISION LOT 3 RAINBOW LAKE
  • Parcel Number ID: 44-05-23-200-010.002-014
  • Platted: Yes
  • Amenities: Attic-Walk-up, Deck on Waterfront, RV Parking, Main Floor Laundry
  • Sp Lp Percent: 87.12
  • Year Taxes Payable: 2023
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 3241
  • Total Finished Sq Ft: 2472
  • Above Grade Finished Sq Ft: 2472
  • Below Grade Sq Ft: 769
  • Price Per Sq Ft: 116.3
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Walk-Out Basement
  • Basement Material: Block
  • Den: Dimensions: 12x10, On Level: Upper
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 11x10, On Level: Upper
  • Bedroom 3: Dimensions: 11x10, On Level: Upper
  • Bedroom 4: Dimensions: 14x12, On Level: Main
  • Bedroom 5: Dimensions: 12x10, On Level: Upper
  • Number of Main Level Full Bathrooms: 2
  • Total Below Grade Sq Ft: 769

Exterior Features

  • Exterior: Shingle, Vinyl
  • Outbuilding1: Shed, Dimensions: 8x16
  • Lake Type: Non Ski Lake
  • Water Frontage: 174
  • Water Name: Rainbow Lake

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 28x22
  • Garage Sq Ft: 616
  • Garage: Yes

Utilities

  • Cooling: Central Air, Geothermal
  • Heating Fuel: Electric, Geothermal
  • Sewer: Septic
  • Water Utilities: Well
  • Water Type: Lake
  • Well Type: Private

Schools

  • School District: Westview School Corp.
  • Elementary School: Shipshewana
  • Middle School: Westview
  • High School: Westview
  • Elementary School: Shipshewana

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 82x216
  • Estimated Lot Sq Ft: 17424
  • Estimated Lot Size Acres: 0.4

Tax Info

  • Annual Taxes: 1422.87

Multi Family

  • Water Access: Frontage Lot

MLS Schools

  • High School: Westview
  • Middle School: Westview
  • School District: Westview School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2024
Sold by
Troyer Vernon
Bought by
Troyer Vernon E and Troyer Mary W
Total Days on Market
4
Current Estimated Value
$345,671

Purchase Details

Listed on
Mar 14, 2023
Closed on
Apr 3, 2023
Sold by
Wagler Justin Jay
Bought by
Yoder Joseph
Seller's Agent
John Wainwright
Lewis & Lambright Inc
Buyer's Agent
John Wainwright
Lewis & Lambright Inc
List Price
$330,000
Sold Price
$287,500
Premium/Discount to List
-$42,500
-12.88%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.22%

Purchase Details

Listed on
Jun 19, 2017
Closed on
Nov 6, 2017
Sold by
Yordy Gary A and Yordy Sharlene K
Bought by
Wagler Justin Jay
Buyer's Agent
Anna Gilsinger
RE/MAX Results- Warsaw
List Price
$233,900
Sold Price
$190,000
Premium/Discount to List
-$43,900
-18.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Original Mortgage
$152,000
Interest Rate
3.83%
Mortgage Type
Construction

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
Troyer Vernon E -- None Listed On Document
Yoder Joseph $287,500 --
Wagler Justin Jay $190,000 Metropolitan Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wagler Justin Jay $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2023 04/03/23 Sold $287,500 -12.9% $116 / Sq Ft
03/18/2023 03/18/23 Pending -- -- --
03/14/2023 03/14/23 For Sale $330,000 +73.7% $133 / Sq Ft
11/08/2017 11/08/17 Sold $190,000 -18.8% $77 / Sq Ft
09/30/2017 09/30/17 Pending -- -- --
06/19/2017 06/19/17 For Sale $233,900 -- $95 / 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 $3,185 $286,900 $17,500 $269,400
2023 $1,304 $279,200 $17,000 $262,200
2022 $1,309 $256,300 $14,800 $241,500
2021 $1,225 $230,300 $14,400 $215,900
2020 $1,233 $223,600 $14,400 $209,200
2019 $1,254 $227,700 $14,400 $213,300
2018 $1,276 $226,300 $14,400 $211,900
2017 $1,064 $207,600 $14,400 $193,200
2016 $1,025 $202,500 $14,400 $188,100
2014 $1,386 $259,700 $14,400 $245,300
2013 $1,386 $262,400 $14,400 $248,000
Source: Public Records

Agents Affiliated with this Home

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Source: Indiana Regional MLS

MLS Number: 202307476

Indiana Regional MLS

APN: 44-05-23-200-010.002-014