Active

$245,000

24 Ems B40 Ln, Leesburg, IN 46538

2beds

624sqft

$1,570/mo

Get pre-qualified

Single Family Residence

Built in 1940

6,969 Square Feet Lot

$235,100 Zestimate^®

$--/sqft

$-- HOA

What's special

Inviting enclosed porchCharming seasonal bungalowTwo bedrooms

Your perfect little lake getaway awaits! Tucked away on beautiful Sawmill Lake in the desirable Barbee Chain of Lakes, this charming seasonal bungalow is the perfect place to relax, unwind, and enjoy all that lake life has to offer. Sit back on the deck and take in peaceful views of the lake and the bay area leading to Grassy Creek. Hop in the boat and enjoy a scenic cruise through Grassy Creek, which connects you directly to beautiful Tippecanoe Lake and opens the door to even more boating adventures! Inside, you’ll find two bedrooms, a full bath, a comfortable living room, kitchen, and inviting enclosed porch—perfect for morning coffee, evening cocktails, or simply soaking up the view. Baseboard heat in one bedroom keeps things cozy on those cool evenings. Refrigerator, microwave and gas grill remain. Whether you’re looking for a weekend escape, a place to make summer memories, or your own little slice of lake life, this one is ready for you!

27 days
1,440
46

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 2

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Kitchen

Level: Main
Area: 96
Dimensions: 12 x 8

Living room

Level: Main
Area: 192
Dimensions: 16 x 12

Heating

Baseboard

Cooling

Window Unit(s)

Appliances

Included: Microwave, Refrigerator

Features

Basement: Crawl Space
Has fireplace: No

Interior area

Total structure area: 624
Total interior livable area: 624 sqft
Finished area above ground: 624
Finished area below ground: 0

Video & virtual tour

View virtual tour

Property

Features

Levels: One
Stories: 1
Has view: Yes
On waterfront: Yes
Waterfront features: Waterfront, Pier/Dock, Lake Front, Non Ski Lake, Lake
Body of water: Sawmill Lake
Frontage length: Channel/Canal Frontage(0),Water Frontage(40)

Lot

Size: 6,969 Square Feet
Dimensions: 40X173

Details

Parcel number: 430820100091.000023
Zoning: A1
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1940

Utilities & green energy

Sewer: Regional
Water: Well

Community & HOA

Community

Subdivision: Swartz & Holes

Location

Region: Leesburg

Financial & listing details

Tax assessed value: $160,300
Annual tax amount: $1,428
Date on market: 8/8/2026
Listing terms: Cash

Estimated market value

$235,100

$223,000 - $247,000

$1,198/mo

Price history

Date	Event	Price
8/8/2026	Listed for sale	$245,000
Source: IRMLS #202632282 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,203 +6.8%	$160,300 +30.6%
2024	$1,126 +3.1%	$122,700 +9.7%
2023	$1,093 +18.5%	$111,900 +3.6%
2022	$922 +11%	$108,000 +22.4%
2021	$831 +4.8%	$88,200 +6.1%
2020	$792 +13.7%	$83,100 +3.2%
2019	$697 +0.8%	$80,500 +4%
2018	$691 +15.5%	$77,400 +2.9%
2017	$599 -5.1%	$75,200
2016	$631 +0.4%	$75,200 +4.9%
2014	$629 -7.2%	$71,700
2013	$677 +16.2%	$71,700 -1.9%
2012	$583 +14.2%	$73,100 +4.6%
2011	$510 -11.7%	$69,900
2010	$578 +17.5%	$69,900
2009	$492 +3.2%	$69,900 +5%
2007	$477	$66,600
2006	--	$66,600 +44.8%
2005	--	$46,000