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  • $470,000

    5507 E Colonial Oaks Dr, Monticello, IN 47960

    3beds
    1,488sqft
    Single Family Residence
    Built in 1964
    0.33 Acres Lot
    $484,200 Zestimate®
    $--/sqft
    $1,925 Estimated rent

    Home value

    $484,200

    $445,000 - $528,000

    $1,925/mo

    Zestimate® history
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    What's special

    Welcome to 5507 Colonial Oaks — a once in a lifetime opportunity to own the most breathtaking views on Lake Freeman. Enjoy expansive, panoramic vistas spanning over 8,000 feet from your private shoreline to the opposite shore, overlooking the renowned Ski-Island. The main level showcases modern, contemporary updates, including beautiful LVP flooring, a quartz-topped island and countertops, a stylish tiled backsplash, floor-to-ceiling cabinets, a farmhouse sink with matching stainless steel appliances, and high-end fixtures throughout. The thoughtfully redesigned floor plan floods the space with natural light through oversized lakeside windows, offering spectacular views in the open-concept living, dining, and kitchen areas. Downstairs features a walkout basement, a third bedroom, and an 11x11 utility/laundry room that is plumbed for a second full bathroom. Outside, you'll find an entertainer's dream setup: a 20x22 garage with an attached pergola, a 20x15 paver patio, and a spacious 29x27 deck leading to your private pier equipped with a boat lift and jet ski lift. Enjoy 60 feet of pristine main lake frontage for endless lakeside fun. Another noteworthy update includes a new furnace and AC installed in 2024. For the ultimate lake lifestyle, a 2024 Viaggio Tri-Toon and Yamaha Waverunner are available separately. Schedule your visit today and experience all this incredible property has to offer!

    Zillow last checked:

    Listing updated:

    Listed by:

    Cody Miller 219-816-2752,

    Raeco Realty

    Bought with:

    Bart Hickman

    REAL ESTATE NETWORK L.L.C

    Source: IRMLS,MLS#: 202546678MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    • Main level bedrooms: 2
    Bedroom 1
    • Level: Main
    Bedroom 2
    • Level: Main
    Dining room
    • Level: Main
    • Area: 187
    • Dimensions: 17 x 11
    Family room
    • Level: Basement
    • Area: 209
    • Dimensions: 19 x 11
    Kitchen
    • Level: Main
    • Area: 88
    • Dimensions: 8 x 11
    Living room
    • Level: Main
    • Area: 209
    • Dimensions: 19 x 11
    Heating
    • Forced Air
    Cooling
    • Central Air
    Features
    • Basement: Partial
    • Number of fireplaces: 1
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 1,488
    • Total interior livable area: 1,488 sqft
    • Finished area above ground: 912
    • Finished area below ground: 576

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • On waterfront: Yes
    • Waterfront features: Lake, Lake Front, Ski Lake
    • Body of water: Lake Freeman
    • Frontage length: Channel/Canal Frontage(0),Water Frontage(60)
    Lot
    • Size: 0.33 Acres
    • Dimensions: 60X242
    • Features: Level
    Details
    • Parcel number: 916321000006.900020

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Sewer: Regional
    • Water: Well

    Community & HOA

    Community
    • Subdivision: Stahl(s)
    Location
    • Region: Monticello

    Financial & listing details

    • Tax assessed value: $359,600
    • Annual tax amount: $2,087
    • Date on market: 11/19/2025

    Price history

    DateEventPrice
    1/9/2026Sold$470,000-1%
    Source: IRMLS #202546678 Report a problem
    11/19/2025Listed for sale$474,900+106.5%
    Source: IRMLS #202546678 Report a problem
    9/28/2018Sold$230,000-11.2%$155/sqft
    Source: Agent Provided Report a problem
    6/29/2018Listed for sale$259,000+29.5%$174/sqft
    Source: REAL ESTATE NETWORK L.L.C #201828249 Report a problem
    7/19/2016Sold$200,000+5.3%$134/sqft
    Source: Agent Provided Report a problem
    7/9/2016Price change$189,900-5%$128/sqft
    Source: VOGEL REAL ESTATE #201625251 Report a problem
    6/3/2016Price change$199,900-9.1%$134/sqft
    Source: VOGEL REAL ESTATE #201625251 Report a problem
    5/7/2016Price change$219,900-4.3%$148/sqft
    Source: REAL ESTATE NETWORK L.L.C #201604135 Report a problem
    4/28/2016Listed for sale$229,900$155/sqft
    Source: REAL ESTATE NETWORK L.L.C #201604135 Report a problem
    4/4/2016Pending sale$229,900$155/sqft
    Source: REAL ESTATE NETWORK L.L.C #201604135 Report a problem
    3/26/2016Price change$229,900-8%$155/sqft
    Source: REAL ESTATE NETWORK L.L.C #201604135 Report a problem
    2/3/2016Listed for sale$249,900$168/sqft
    Source: REAL ESTATE NETWORK L.L.C #201604135 Report a problem
    11/2/2015Listing removed$249,900$168/sqft
    Source: REAL ESTATE NETWORK L.L.C #201504178 Report a problem
    7/25/2015Price change$249,900-2%$168/sqft
    Source: REAL ESTATE NETWORK L.L.C #201504178 Report a problem
    4/26/2015Price change$254,900-1.9%$171/sqft
    Source: REAL ESTATE NETWORK L.L.C #201504178 Report a problem
    4/12/2015Listed for sale$259,900$175/sqft
    Source: REAL ESTATE NETWORK L.L.C #201504178 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,087 +28.2%$359,600 +5.3%
    2024$1,628 +10.7%$341,400 +14.1%
    2023$1,471 +8.8%$299,300 +16.4%
    2022$1,351 +5.1%$257,100 +9.1%
    2021$1,285 +11.1%$235,700 +4.4%
    2020$1,157 +20.9%$225,800 +4.7%
    2019$957 -51.3%$215,700 +14.6%
    2018$1,967 $188,200 +2%
    2017$1,967 +104.3%$184,600
    2016$963 $184,600 -5.1%
    2014$963 -0.1%$194,500 +2.7%
    2013$964 +0.1%$189,400 -0.9%
    2012$963 +5.1%$191,200 +3.5%
    2011$915 -22.5%$184,700 -7.6%
    2010$1,181 +9.2%$199,900
    2009$1,082 $199,900
    Find assessor info on the county website

    Neighborhood: 47960

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Meadowlawn
    • Middle: Roosevelt
    • High: Twin Lakes
    • District: Twin Lakes School Corp.

    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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