This 3-bedroom, 1-bath home at the lake offers a fantastic opportunity for those eager to roll up their sleeves and make it their own. Whether you’re an investor, DIY enthusiast, or simply looking for a weekend getaway to transform, this property has endless potential. The home sits on 4 level lots totaling .339 acres with room for outdoor entertaining or future improvements. Enjoy deeded access to Big Lake, just a short stroll away, where you can fish, boat, and enjoy skiing daily from 1–4 p.m. The single story layout includes a generous 22x30 attached garage, ideal for storing vehicles, tools, and lake toys. With a little vision and creativity, this home could be turned into the perfect lake retreat or year-round residence. Bring your fishing poles, construction tools, and imagination, this is your chance to bring new life to a property brimming with possibilities! Immediate possession at closing means you can get started right away!
Closed
$125,000
4085 W 500 S, Albion, IN 46701
3beds
1,423sqft
Single Family Residence
Built in 1957
0.34 Acres Lot
$125,400 Zestimate®
$--/sqft
$1,382 Estimated rent
Home value
$125,400
Estimated sales range
Not available
$1,382/mo
Zestimate® history
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$599/mo
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List your homeWhat's special
Lake toysIdeal for storing vehiclesSingle story layoutRoom for outdoor entertaining
Zillow last checked:
Listing updated:
Listed by:
Brad R Minear 260-609-6001,
Minear Real Estate
Bought with:
Thomas McLaughlin, RB25000968
F.C. Tucker Fort Wayne
Source: IRMLS,MLS#: 202541632
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 3
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Kitchen
- Level: Main
- Area: 126
- Dimensions: 18 x 7
Living room
- Level: Main
- Area: 135
- Dimensions: 15 x 9
Office
- Level: Main
- Area: 88
- Dimensions: 8 x 11
Heating
- Propane, Heat Pump
Cooling
- Wall Unit(s)
Features
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Den
Interior area
- Total structure area: 1,423
- Total interior livable area: 1,423 sqft
- Finished area above ground: 1,423
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Waterfront features: Lake, Walk to Lake Access, Access to Ski Lake
- Body of water: Big Lake
- Frontage length: Channel/Canal Frontage(0),Water Frontage(0)
Lot
- Size: 0.34 Acres
- Dimensions: 70X139
- Features: Level
Details
- Parcel number: 571929200014.000009
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Concrete
- Foundation: Slab
Condition
- New construction: No
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
Community & neighborhood
Location
- Region: Albion
- Subdivision: Big Lake
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Sold | $125,000-7.3% |
Source:  IRMLS #202541632 Report a problem | ||
| 3/30/2026 | Pending sale | $134,900 |
Source: IRMLS #202541632 Report a problem | ||
| 10/14/2025 | Listed for sale | $134,900-18.2% |
Source: IRMLS #202541632 Report a problem | ||
| 8/11/2025 | Listing removed | $165,000 |
Source: IRMLS #202526743 Report a problem | ||
| 7/24/2025 | Pending sale | $165,000 |
Source: IRMLS #202526743 Report a problem | ||
| 7/19/2025 | Price change | $165,000-10.8% |
Source: IRMLS #202526743 Report a problem | ||
| 7/10/2025 | Listed for sale | $185,000 |
Source: IRMLS #202526743 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $457 -7.8% | $122,200 +3.1% |
| 2023 | $495 -20.6% | $118,500 +1.8% |
| 2022 | $623 +36% | $116,400 -15.8% |
| 2021 | $458 +13.5% | $138,300 +28.3% |
| 2020 | $404 +19.3% | $107,800 +4.8% |
| 2019 | $339 -4.6% | $102,900 +9.7% |
| 2018 | $355 +9.4% | $93,800 +6.3% |
| 2017 | $324 +22.8% | $88,200 +3.4% |
| 2016 | $264 -72.5% | $85,300 +18.1% |
| 2014 | $961 -13.8% | $72,200 -0.7% |
| 2013 | $1,116 +406.5% | $72,700 |
| 2012 | $220 +127.9% | $72,700 -4.6% |
| 2011 | $97 -7.6% | $76,200 |
| 2010 | $105 +19.2% | $76,200 |
| 2009 | $88 -51.8% | $76,200 -3.9% |
| 2007 | $182 | $79,300 +5.6% |
| 2006 | -- | $75,100 +14.7% |
| 2005 | -- | $65,500 |
Find assessor info on the county website
Neighborhood: 46701
Nearby schools
GreatSchools rating
- NACentral Noble Primary SchoolGrades: K-2Distance: 3.7 mi
- 5/10Central Noble High SchoolGrades: 6-12Distance: 9.1 mi
- 7/10Albion Elementary SchoolGrades: 3-5Distance: 9 mi
Schools provided by the listing agent
- Elementary: Central Noble
- Middle: Central Noble Jr/Sr
- High: Central Noble Jr/Sr
- District: Central Noble 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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- Indiana
- Noble County
- Albion
- 46701
- 4085 W 500 S
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