Your Cottage Retreat Awaits! Bring your vision and creativity to this charming cottage-style home and transform it into the lake getaway you've always imagined. Whether you're dreaming of a cozy weekend escape or a year-round home, this property offers the opportunity to design every space with your own personal style and finishes. Start your mornings with coffee on the deck, then spend the day enjoying what the Bell-Rohr community has to offer. Stroll to the neighborhood beach for a swim in the crystal-clear waters of 786-acre Tippecanoe Lake, one of Indiana's deepest natural lakes with depths reaching 122 feet. Spend your summers boating, skiing, tubing, or casting a line for bluegill, crappie, largemouth bass, northern pike, and more. There is lake access so you have your boat ready for endless days on the water! Inside, you'll find a spacious layout that's ready for a refresh. A fresh coat of paint and new flooring would make an immediate impact, or take the opportunity to redesign the interior into the home you've always envisioned. The generous kitchen offers abundant cabinetry, pantry storage, a center island with breakfast bar, and plenty of room to gather. The large living room is anchored by a beautiful stone gas fireplace, creating a warm and inviting space. The owner's suite features a walk-in closet, jetted tub, separate shower, and conveniently located laundry. A second bedroom provides comfortable accommodations for guests or a home office. Outside, a storage shed is ready to house your kayaks, paddleboards, fishing gear, and all your lake toys. If you've been searching for an affordable way to enjoy the Tippecanoe Lake lifestyle while creating a home that's uniquely yours, this is your chance.
Active
Price cut: $16K (9/2)
$219,000
139 Ems T32 Ln, Leesburg, IN 46538
2beds
1,454sqft
Single Family Residence
Built in 1950
7,405 Square Feet Lot
$209,200 Zestimate®
$--/sqft
$13/mo HOA
What's special
Lake accessBeautiful stone gas fireplaceCharming cottage-style homeSpacious layoutStorage shedConveniently located laundrySecond bedroom
- 30 days
- 1,888
- 66
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
James Bausch Cell:574-742-4531,
RE/MAX Results
Source: IRMLS,MLS#: 202631439
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Dining room
- Level: Main
- Area: 176
- Dimensions: 16 x 11
Kitchen
- Level: Main
- Area: 88
- Dimensions: 11 x 8
Living room
- Level: Main
- Area: 440
- Dimensions: 22 x 20
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range/Oven Hook Up Gas, Refrigerator, Washer, Dryer-Electric, Gas Oven, Gas Range, Water Softener Owned
- Laundry: Main Level, Washer Hookup
Features
- 1st Bdrm En Suite, Breakfast Bar, Walk-In Closet(s), Kitchen Island, Open Floorplan, Stand Up Shower, Tub and Separate Shower, Main Level Bedroom Suite
- Flooring: Tile
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Living Room, Gas Starter
Interior area
- Total structure area: 1,454
- Total interior livable area: 1,454 sqft
- Finished area above ground: 1,454
- Finished area below ground: 0
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Waterfront features: Boat Docking Rights, Private Beach, Walk to Lake Access, Assoc, Ski Lake, Lake
- Body of water: Tippecanoe Lake
Lot
- Size: 7,405 Square Feet
- Dimensions: 100X73
- Features: Corner Lot, 0-2.9999
Details
- Additional structures: Shed
- Parcel number: 430712400043.000016
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stone, Vinyl Siding
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Electric: REMC
- Gas: NIPSCO
- Sewer: None
- Water: Well
Community & HOA
Community
- Subdivision: Bellrohr Park
HOA
- Has HOA: Yes
- HOA fee: $150 annually
Location
- Region: Leesburg
Financial & listing details
- Tax assessed value: $163,000
- Annual tax amount: $845
- Date on market: 8/3/2026
- Listing terms: Cash,Conventional
Estimated market value
$209,200
$199,000 - $220,000
$1,555/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Price change | $219,000-6.8% |
Source: | ||
| 8/3/2026 | Listed for sale | $235,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,787 +4.2% | $163,000 +6.6% |
| 2024 | $1,715 +6.8% | $152,900 +5.7% |
| 2023 | $1,605 +20.6% | $144,700 +5.2% |
| 2022 | $1,331 -8.4% | $137,500 +22.4% |
| 2021 | $1,453 +7.3% | $112,300 -6.3% |
| 2020 | $1,355 +5.6% | $119,800 +3.8% |
| 2019 | $1,283 +10.1% | $115,400 +5.3% |
| 2018 | $1,165 +5.6% | $109,600 +4.4% |
| 2017 | $1,103 +4.3% | $105,000 +11.6% |
| 2016 | $1,058 +11.8% | $94,100 +7.4% |
| 2014 | $946 -10.1% | $87,600 -8.4% |
| 2013 | $1,052 +200% | $95,600 -0.1% |
| 2012 | $351 +12.7% | $95,700 +1.3% |
| 2011 | $311 +9.4% | $94,500 +6.2% |
| 2010 | $285 +3.6% | $89,000 |
| 2009 | $275 -1.2% | $89,000 |
| 2007 | $278 | $89,000 |
| 2006 | -- | $89,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 46538
Nearby schools
Schools provided by the listing agent
- Elementary: Leesburg
- Middle: Lakeview
- High: Warsaw
- District: Warsaw Community
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.



