Active

Price cut: $10K (7/23)

$419,000

200 E State Road 16, Monticello, IN 47960

4beds

2,160sqft

$2,503/mo

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Single Family Residence

Built in 1945

0.3 Acres Lot

$406,000 Zestimate^®

$--/sqft

$-- HOA

What's special

Generously sized bedroomsThoughtful updates throughout

Welcome HOME! This beautiful fully remodeled 4-bedroom, 2-bath home offers the perfect blend of comfort, space, and lake living on scenic Lake Shafer. Designed for both everyday living and entertaining, this inviting property features spacious living areas, generously sized bedrooms, and thoughtful updates throughout. The finished basement creates an exceptional gathering space ideal for hosting, game days, or relaxing evenings at home. An oversized garage provides abundant room for vehicles, lake toys, tools, and storage, offering the flexibility today's homeowners desire. Enjoy the convenience of being just moments from boating, fishing, dining, and all the recreational opportunities that make the Lake Shafer area one of Monticello's most sought-after destinations. Whether you're looking for a year-round residence, a weekend retreat, or a place to create lasting memories, this exceptional property delivers the lifestyle you've been searching for.

22 days

1,177

34

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 2

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Dining room

Level: Main
Area: 90
Dimensions: 10 x 9

Family room

Level: Lower
Area: 210
Dimensions: 15 x 14

Kitchen

Level: Main
Area: 117
Dimensions: 13 x 9

Living room

Level: Main
Area: 352
Dimensions: 22 x 16

Heating

Natural Gas

Cooling

Central Air

Features

Wet Bar
Basement: Partial,Block
Number of fireplaces: 1
Fireplace features: Gas Log

Interior area

Total structure area: 2,160
Total interior livable area: 2,160 sqft
Finished area above ground: 1,440
Finished area below ground: 720

Video & virtual tour

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Property

Parking

Total spaces: 2
Parking features: Detached
Garage spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Deck
Has view: Yes
On waterfront: Yes
Waterfront features: Waterfront-Medium Bank, Deck on Waterfront, Lake Front, Ski Lake, Lake
Body of water: Lake Shafer
Frontage length: Channel/Canal Frontage(0),Water Frontage(138)

Lot

Size: 0.3 Acres
Dimensions: 128X100

Details

Parcel number: 918310000013.400010

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1945

Utilities & green energy

Sewer: Regional
Water: Well

Community & HOA

Community

Subdivision: Lake Shafer

Location

Region: Monticello

Financial & listing details

Tax assessed value: $273,200
Annual tax amount: $872
Date on market: 7/1/2026

Estimated market value

$406,000

$386,000 - $426,000

$1,792/mo

Price history

Date	Event	Price
7/23/2026	Price change	$419,000-2.3%
Source: IRMLS #202626076 Report a problem
7/14/2026	Price change	$429,000-4.5%
Source: IRMLS #202626076 Report a problem
7/1/2026	Listed for sale	$449,000
Source: IRMLS #202626076 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$809 -1.7%	$273,200 +25.7%
2024	$824 +8.9%	$217,300 0%
2023	$757 +31%	$217,400 +28.8%
2022	$578 -8.1%	$168,800 +23.3%
2021	$628 +5.2%	$136,900
2020	$597 +15.5%	$136,900 -0.1%
2019	$517 -0.3%	$137,000 +8%
2018	$519	$126,900 +1.2%
2017	$519 -6%	$125,400 -0.3%
2016	$552	$125,800 -0.7%
2014	$552 +16.6%	$126,700 +1%
2013	$473 -19.5%	$125,500 -0.1%
2012	$588 -17.9%	$125,600 -10.3%
2011	$716 -8.8%	$140,100 -2.6%
2010	$785 +8.2%	$143,900
2009	$725	$143,900

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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