NOT LISTED FOR SALE

985 W Gerking Dr Nineveh, IN 46164

Estimated Value: $187,000 - $221,000

1 Bed
1 Bath
840 Sq Ft
$244/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $126,000 $150 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,253/month

27 Days on Market

Highlights

  • Deck
  • Eat-In Kitchen
  • 1-Story Property
  • Traditional Architecture
  • Woodwork
  • Fire Pit

About This Home

As of October 2019

One of the few original cottages that are still left at a price you don't see much anymore!
This one bedroom home features large kitchen/dining area with wrap around deck overlooking the lake. This home could be added on to with a walk out basement! Newer steps lead to the water and a patio area with fire pit with large trees giving you feeling of being out in the woods! No close neighbors on either side add to the secluded feel with just the crickets, frogs and deer wondering by. East Lake offers fast boating for wake boarding, skiing or just cruising around the lake. Club house with many activities right on the water can be rented also. Dredging has begun in this cove. Use caution on dock and walkway to home.

Last Agent to Sell the Property

Dian Ankney

Carpenter, REALTORS® License #RB14023402 Listed on: 09/04/2019

Carpenter, REALTORS®

Co-Listed By

Sarah Riggen

Keller Williams Indy Metro S License #RB14040735

Last Buyer's Agent

Cindy Stockhaus

Carpenter, REALTORS®

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,290

Year Built

  • Built in 1945

Lot Details

  • 10,454 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 840 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Vinyl Clad Windows
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Electric Oven

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Fire Pit

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System

Community Details

  • Association fees include clubhouse, insurance
  • Princes Lake Subdivision
  • Property managed by ELLOA
  • The community has rules related to covenants, conditions, and restrictions

Listing and Financial Details

  • Assessor Parcel Number 411132034011000021

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,290

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: TraditonalAmerican
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2019
  • Year Built: 1945
  • Co List Office Phone: 317-738-3737
  • Garage Y N: No
  • Lot Size Acres: 0.24
  • Subdivision Name: PRINCES LAKE
  • Inspection Warranties: General,Not Applicable
  • Property Description: One of the few original cottages that are still left at a price you don't see much anymore! This one bedroom home features large kitchen/dining area with wrap around deck overlooking the lake. This home could be added on to with a walk out basement! Newer steps lead to the water and a patio area with fire pit with large trees giving you feeling of being out in the woods! No close neighbors on either side add to the secluded feel with just the crickets, frogs and deer wondering by. East Lake offers fast boating for wake boarding, skiing or just cruising around the lake. Club house with many activities right on the water can be rented also. Dredging has begun in this cove. Use caution on dock and walkway to home.
  • Transaction Type: Sale
  • Website: www.teamroyalerealtors.com
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Appliances: Electric Oven, Refrigerator
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Windows Vinyl, Wood Work Painted
  • Living Area: 840
  • Other Equipment: Smoke Detector, Not Applicable
  • Room Count: 3
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Sq Ft Main Upper: 600
  • Main Level Sq Ft: 600
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0
  • Total Sq Ft: 840
  • Kitchen Features: Kitchen Eat In
  • Below Grade Sq Ft: 240
  • Upper Level Sq Ft: 0
  • Pct Optional Level Finished: 0-25%

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • Exterior Features: Fire Pit
  • Foundation Details: Block
  • List Price: 123900
  • Association Maintained Building Exterior: 0
  • Porch: Deck Main Level

Garage/Parking

  • Fuel: Electric
  • Garage Parking Description: None

Utilities

  • Sewer: Community Sewer
  • Cooling: Central Air, Heat Pump
  • Heating: Forced Air
  • Water Source: Community Water
  • Solid Waste: 1
  • Utility Options: Gas Available
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Management Company Name: ELLOA
  • Management Company Phone: 317-933-2936
  • H O A Disclosures: Rules & Regulations

Fee Information

  • Association Fee Includes: Clubhouse, Insurance
  • Mandatory Fee: 525

Lot Info

  • Property Attached Yn: No
  • Parcel Number: 411132034011000021
  • Acres: <1/4 Acre
  • Lot Information: Dock Owned,Lakefront,Tree Mature,Trees Small
  • Lot Number: T-6
  • Lot Size: 60x157

Green Features

  • Green Certification Y N: 0

Tax Info

  • Tax Annual Amount: 1290
  • Semi Annual Property Tax Amt: 645
  • Tax Exemption: None

MLS Schools

  • School District: Nineveh-Hensley-Jackson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2019
Closed on
Oct 18, 2019
Sold by
Mcclain Kevin and Mcclain Rebecca
Bought by
Compton Billy W and Compton Jennifer
Seller's Agent
Dian Ankney
Carpenter, REALTORS®
Buyer's Agent
Cindy Stockhaus
Carpenter, REALTORS®
List Price
$123,900
Sold Price
$126,000
Premium/Discount to List
$2,100
1.69%
Current Estimated Value
$215,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,759
Avg. Annual Appreciation
8.33%
Original Mortgage
$119,700
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 31, 2012
Closed on
Aug 24, 2012
Sold by
Jpmorgan Chase Bank N A
Bought by
Mcclain Kevin and Mcclain Rebecca
Seller's Agent
Christina McKee
McKee Realty
Buyer's Agent
Michael Perkinson
List Price
$39,375
Sold Price
$39,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.80%

Purchase Details

Closed on
Dec 9, 2009
Sold by
Trattner David B
Bought by
Jp Morgan Chase Bank N A

Purchase Details

Closed on
Aug 31, 2007
Sold by
Coit Penelope
Bought by
Trattner David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,502
Interest Rate
8.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 8, 2005
Sold by
Strother Nancy
Bought by
Coit Penelope
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
Compton Billy W $126,000 First American Title Co
Mcclain Kevin $39,375 Sojourners Title Agency
Jp Morgan Chase Bank N A $37,716 None Available
Trattner David B -- None Available
Coit Penelope -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Compton Billy W $152,000
Closed Compton Billy W $124,482
Closed Compton Billy W $119,700
Previous Owner Trattner David B $78,502
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2019 10/18/19 Sold $126,000 +1.7% $150 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
10/01/2019 10/01/19 For Sale $123,900 0.0% $148 / Sq Ft
09/10/2019 09/10/19 Pending -- -- --
09/04/2019 09/04/19 For Sale $123,900 +214.7% $148 / Sq Ft
09/14/2012 09/14/12 Sold $39,375 0.0% $47 / Sq Ft
08/16/2012 08/16/12 Pending -- -- --
05/30/2012 05/30/12 For Sale $39,375 -- $47 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $854 $123,900 $56,300 $67,600
2023 $562 $98,300 $45,000 $53,300
2022 $564 $95,900 $45,000 $50,900
2021 $476 $87,500 $45,000 $42,500
2020 $428 $86,700 $43,800 $42,900
2019 $394 $79,800 $36,700 $43,100
2018 $1,432 $75,900 $36,700 $39,200
2017 $1,289 $72,200 $36,700 $35,500
2016 $1,141 $64,500 $36,700 $27,800
2014 $1,072 $62,500 $36,700 $25,800
2013 $1,072 $62,500 $36,700 $25,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21665955

MIBOR Broker Listing Cooperative®

APN: 41-11-32-034-011.000-021