Prime opportunity on sought-after Big Lake with 50 feet of water frontage. Notorious for the best fishing around, this 920 sq ft home sits directly on the water in a great setting where opportunities like this don’t come around often. The structure offers solid bones and a newer roof (within the last couple of years), giving you a strong starting point. Interior will require renovation due to prior damage from burst water pipes during winter a couple of years ago—please refer to photos for current condition. Whether you’re an investor, flipper, or buyer looking to create your own lake getaway, this property is full of potential. With the right vision and updates, this could be transformed into a standout lake property in a highly desirable location. Rare chance to build equity and make Big Lake your own.
Closed
$125,000
4283 W 500 S, Albion, IN 46701
2beds
920sqft
Single Family Residence
Built in 1950
6,838.92 Square Feet Lot
$125,100 Zestimate®
$--/sqft
$1,118 Estimated rent
Home value
$125,100
Estimated sales range
Not available
$1,118/mo
Zestimate® history
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Newer roof
Zillow last checked:
Listing updated:
Listed by:
Vincent Crump Cell:260-318-4990,
North Eastern Group Realty
Bought with:
Sierra Potts, RB21002021
North Eastern Group Realty
Source: IRMLS,MLS#: 202612880
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: 88
- Dimensions: 11 x 8
Living room
- Level: Main
- Area: 260
- Dimensions: 20 x 13
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Features
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 920
- Total interior livable area: 920 sqft
- Finished area above ground: 920
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Fencing: None
- Has view: Yes
- Waterfront features: Waterfront, Lake Front, Non Ski Lake, Lake
- Body of water: Big Lake
- Frontage length: Channel/Canal Frontage(0),Water Frontage(50)
Lot
- Size: 6,838 sqft
- Dimensions: 150x50
- Features: Lake
Details
- Additional structures: Shed
- Parcel number: 571932100051.000009
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt,Rubber
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
Community & neighborhood
Location
- Region: Albion
- Subdivision: None
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/22/2026 | Sold | $125,000-16.7% |
Source:  IRMLS #202612880 Report a problem | ||
| 6/14/2026 | Pending sale | $150,000 |
Source: IRMLS #202612880 Report a problem | ||
| 6/8/2026 | Price change | $150,000-21.1% |
Source: IRMLS #202612884 Report a problem | ||
| 4/29/2026 | Price change | $190,000-5% |
Source: IRMLS #202612880 Report a problem | ||
| 4/14/2026 | Listed for sale | $200,000 |
Source: IRMLS #202612880 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $138 +2% | $130,700 +2.8% |
| 2023 | $135 +2% | $127,100 +1.3% |
| 2022 | $132 +2% | $125,500 +9.3% |
| 2021 | $130 +2% | $114,800 +9.3% |
| 2020 | $127 -10.8% | $105,000 +4.9% |
| 2019 | $143 -8% | $100,100 |
| 2018 | $155 +1% | $100,100 +4.4% |
| 2017 | $154 +13.9% | $95,900 -1.7% |
| 2016 | $135 +3.8% | $97,600 +18.4% |
| 2014 | $130 -10.2% | $82,400 -0.6% |
| 2013 | $145 +2.3% | $82,900 +0.7% |
| 2012 | $142 -10.8% | $82,300 -1.7% |
| 2011 | $159 -33.2% | $83,700 -13.1% |
| 2010 | $237 +2.7% | $96,300 |
| 2009 | $231 -10.9% | $96,300 |
| 2007 | $260 | $96,300 +168.2% |
| 2006 | -- | $35,900 +14% |
| 2005 | -- | $31,500 |
Find assessor info on the county website
Neighborhood: 46701
Nearby schools
GreatSchools rating
- NACentral Noble Primary SchoolGrades: K-2Distance: 3.8 mi
- 5/10Central Noble High SchoolGrades: 6-12Distance: 9.3 mi
- 7/10Albion Elementary SchoolGrades: 3-5Distance: 9.2 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
- 4283 W 500 S
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