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  • $436,250

    40 Ems T15b Ln, Leesburg, IN 46538

    4beds
    3,500sqft
    Single Family Residence
    Built in 1993
    0.37 Acres Lot
    $453,000 Zestimate®
    $--/sqft
    $3,108 Estimated rent

    Home value

    $453,000

    Estimated sales range

    Not available

    $3,108/mo

    Zestimate® history
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    What's special

    Amazing opportunity to own this 1.5 story home boasting tons of updates, a fantastic 3 seasons room, full finished daylight walk-out basement w/ workshop, 2 decks & direct access to lagoon & Tippy Channel! That’s right, this 4 bedroom, 3.5 bath home is being sold w/ 2 parcels—the channel parcel backs up to home w/ just a short walk in your back yard to your pier space for access to all-sports Lake Tippecanoe! Located in ultra quiet & peaceful area on cul de sac, this 1993 built home has been well maintained from outside in w/ obvious pride of ownership. Nestled on expansive 0.37 acre lot w/ water views, it’s sure to charm from the moment you arrive w/ attractive exterior, large driveway, attached 3 car garage (30x34 good for inside boat storage) & inviting 300 sqft covered front porch where you can kick back & relax w/ friends & family. Frosted glass front door w/ twin matching sidelights opens to bright & welcoming atmosphere complemented by crisp white walls, wood trim & updated wood flooring. Generous front living room off foyer gets plenty of natural light. Head on back to open concept kitchen/dining where you can entertain guests or hold family gatherings. Beautiful updated kitchen is separated from dining by wrap around breakfast bar & contains abundant cabinetry, hard surface counters, tile backsplash & laundry/garage access which includes full bath w/ walk-in shower. Double glass doors open to wonderful sun porch featuring panoramic views of the channel & 2 doors linking both elevated wood decks ideal for sun bathing or enjoying the warm weather (stairs down to lower level). Big first floor primary bedroom includes huge updated en suite bath w/ tiled walk-in shower, soaking tub, make-up station & dual sink vanity. Up the stairs w/ skylight you’ll find 2 more comfortably sized bedrooms w/ angular ceilings & another full bath w/ tub/shower combo. Large lower level can be used as 2nd living, home theater/rec/office, etc w/ workshop in back. Half bath & 4th bedroom down here as well. Sliding glass doors open to walk out cement covered patio perfect for chilling in the shade. Double decks & a massive yard means there’s no end to all the outdoor fun & activities you can have, sky’s the limit! Lake Tippecanoe is the deepest natural lake in the state & is prime for fishing, boating & skiing. Reach out today! (Note: High speed fiber optic internet available; roof 7 yrs; HVAC 2 yrs; water heater/softener 1 yr old; all appliances stay.)

    Zillow last checked:

    Listing updated:

    Listed by:

    Angela Racolta angie.racolta@thergroupteam.com,

    Keller Williams Thrive North

    Bought with:

    Geoff Cavender, RB17002203

    eXp Realty, LLC

    Source: IRMLS,MLS#: 202528717MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    • Main level bedrooms: 1
    Bedroom 1
    • Level: Main
    Bedroom 2
    • Level: Upper
    Dining room
    • Level: Main
    • Area: 208
    • Dimensions: 16 x 13
    Family room
    • Level: Basement
    • Area: 377
    • Dimensions: 29 x 13
    Kitchen
    • Level: Main
    • Area: 182
    • Dimensions: 14 x 13
    Living room
    • Level: Main
    • Area: 234
    • Dimensions: 18 x 13
    Heating
    • Natural Gas, Baseboard
    Cooling
    • Central Air
    Appliances
    • Included: Disposal, Dishwasher, Microwave, Refrigerator, Washer, Dryer-Gas, Gas Range, Water Softener Owned
    • Laundry: Gas Dryer Hookup
    Features
    • 1st Bdrm En Suite, Walk-In Closet(s), Countertops-Solid Surf
    • Basement: Walk-Out Access
    • Has fireplace: No
    Interior area
    • Total structure area: 3,500
    • Total interior livable area: 3,500 sqft
    • Finished area above ground: 2,100
    • Finished area below ground: 1,400

    Property

    Parking
    • Total spaces: 3
    • Parking features: Attached
    • Attached garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Enclosed
    • Has view: Yes
    • Waterfront features: Waterfront, Deck on Waterfront, Pier/Dock, Walk to Lake Access, Deeded, Canal Front, Ski Lake, Lake
    • Body of water: Tippecanoe Lake
    • Frontage length: Channel/Canal Frontage(50),Water Frontage(0)
    Lot
    • Size: 0.37 Acres
    • Dimensions: 157x98
    • Features: 0-2.9999
    Details
    • Additional parcels included: 4308-18-200-194.000-023
    • Parcel number: 430818200672.000023

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1993

    Utilities & green energy

    • Sewer: Regional
    • Water: Well

    Community & neighborhood

    Location
    • Region: Leesburg
    • Subdivision: None

    Other

    Other facts
    • Listing terms: Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    9/16/2025Sold$436,250-5.1%
    Source: IRMLS #202528717 Report a problem
    8/8/2025Price change$459,900-3.2%
    Source: IRMLS #202528717 Report a problem
    7/30/2025Price change$475,000-4.8%
    Source: IRMLS #202528717 Report a problem
    7/23/2025Listed for sale$499,000
    Source: IRMLS #202528717 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,736 +6%$350,500 +5.8%
    2024$1,637 -2.5%$331,300 +3.8%
    2023$1,680 +24.5%$319,100 +6.2%
    2022$1,349 +43.3%$300,400 +23.4%
    2021$941 +7.5%$243,500 +28.2%
    2020$876 +14.5%$189,900 +4.4%
    2019$765 +5%$181,900 +3.5%
    2018$728 +15.6%$175,700 +5.3%
    2017$630 -2.6%$166,900 +0.1%
    2016$647 +3.1%$166,700 +7.5%
    2014$627 -4.6%$155,000 -1.1%
    2013$657 +16.2%$156,700 -1.3%
    2012$566 +0.5%$158,800 -5.6%
    2011$563 -15.1%$168,200 -0.1%
    2010$663 +21.9%$168,300 +0.1%
    2009$544 +2.8%$168,200 -1.3%
    2007$529 $170,500
    2006-- $170,500

    Find assessor info on the county website

    Neighborhood: 46538

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: North Webster
    • Middle: Wawasee
    • High: Wawasee
    • District: Wawasee

    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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