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  • Price cut: $16K (9/2)
    $219,000

    139 Ems T32 Ln, Leesburg, IN 46538

    2beds
    1,454sqft
    : 
    $1,385/mo
    Get pre-qualified
    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
    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.
    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#: 202631439MLS Logo

      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

        DateEventPrice
        9/2/2026Price change$219,000-6.8%
        Source: IRMLS #202631439 Report a problem
        8/3/2026Listed for sale$235,000
        Source: IRMLS #202631439 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 46538

        Getting around

        0 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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