Nestled between Vistula and Lincoln Way in the sought-after Penn-Harris-Madison school district, this 2-bedroom, 1-bathroom home offers incredible potential on a spacious 1.14-acre lot. Perfect for those looking to put their personal touch on a property, this home is ideal for cash or conventional buyers. As you enter through the mudroom/vestibule, you’ll step into a generously sized living room featuring original wood floors that extend into both bedrooms. The functional layout seamlessly connects the living space to the kitchen and dining areas, making it easy to envision gatherings and everyday living. The unfinished basement offers additional potential, with a wood-burning fireplace and laundry area ready to be transformed to suit your needs. Outside, you’ll find a 2-car attached garage and a fully fenced yard, perfect for privacy and pets. The in-ground pool has been professionally maintained and closed for the 2024-2025 winter season, offering summer fun just waiting to be enjoyed. Additional features include backyard storage sheds and plenty of space for hobbies or gardening. While this home requires updates and repairs, it presents an incredible opportunity to create the home of your dreams in a serene setting with ample space to spread out. Don’t miss the chance to bring your vision to life—schedule your showing today!
Closed
$175,000
56708 Lake St, Osceola, IN 46561
2beds
1,170sqft
Single Family Residence
Built in 1947
1.14 Acres Lot
$186,400 Zestimate®
$--/sqft
$1,801 Estimated rent
Home value
$186,400
$164,000 - $211,000
$1,801/mo
Zestimate® history
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List your homeWhat's special
Unfinished basementWood-burning fireplaceFully fenced yardIn-ground poolBackyard storage shedsFunctional layoutOriginal wood floors
Zillow last checked:
Listing updated:
Listed by:
Aaron C Cowham Ofc:574-207-7777,
Howard Hanna SB Real Estate
Bought with:
Joseph E Laskowski, RB21000868
McKinnies Realty, LLC
Source: IRMLS,MLS#: 202500624
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Bedroom 1
- Level: Main
Bedroom 2
- Level: Main
Dining room
- Level: Main
- Area: 144
- Dimensions: 12 x 12
Kitchen
- Level: Main
- Area: 100
- Dimensions: 10 x 10
Living room
- Level: Main
- Area: 192
- Dimensions: 16 x 12
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range/Oven Hook Up Gas, Dishwasher, Microwave, Refrigerator, Washer, Dryer-Gas, Gas Range, Gas Water Heater
- Laundry: Gas Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s), Tub/Shower Combination, Main Level Bedroom Suite, Formal Dining Room
- Flooring: Hardwood, Vinyl
- Basement: Full,Block
- Number of fireplaces: 1
- Fireplace features: Wood Burning, Basement
Interior area
- Total structure area: 1,956
- Total interior livable area: 1,170 sqft
- Finished area above ground: 1,170
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage Door Opener
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Fencing: Partial,Chain Link,Privacy
Lot
- Size: 1.14 Acres
- Dimensions: 220X237
- Features: Level, 0-2.9999, City/Town/Suburb
Details
- Additional structures: Shed(s), Shed
- Parcel number: 711008355008.000031
- Other equipment: Pool Equipment
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Aluminum Siding
- Roof: Dimensional Shingles
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Septic Tank
- Water: Private
Community & HOA
Community
- Features: Pool
- Subdivision: Other
Location
- Region: Osceola
Financial & listing details
- Tax assessed value: $218,500
- Annual tax amount: $1,407
- Date on market: 1/8/2025
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2025 | Sold | $175,000 |
Source:  IRMLS #202500624 Report a problem | ||
| 1/16/2025 | Price change | $175,000-12.5% |
Source: IRMLS #202500624 Report a problem | ||
| 1/8/2025 | Listed for sale | $199,900 |
Source: IRMLS #202500624 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,366 +0.2% | $205,400 +17.4% |
| 2024 | $1,364 -35.6% | $175,000 -19.9% |
| 2023 | $2,119 +80.7% | $218,500 -0.1% |
| 2022 | $1,173 -1% | $218,800 +62.3% |
| 2021 | $1,185 -3.2% | $134,800 -2.2% |
| 2020 | $1,223 +32.2% | $137,800 -1.4% |
| 2019 | $925 -12.3% | $139,800 +16.6% |
| 2018 | $1,055 -1.1% | $119,900 -3.5% |
| 2017 | $1,066 +0.7% | $124,200 |
| 2016 | $1,059 -6.6% | $124,200 +0.6% |
| 2014 | $1,133 +20.3% | $123,500 +18% |
| 2013 | $942 -20% | $104,700 -18.3% |
| 2012 | $1,178 +52.9% | $128,100 +20.7% |
| 2011 | $771 +6.3% | $106,100 |
| 2010 | $725 -0.1% | $106,100 |
| 2009 | $726 | $106,100 +4.8% |
| 2007 | -- | $101,200 -43.6% |
| 2006 | $1,209 +12.5% | $179,500 |
| 2004 | $1,075 +1.1% | $179,500 -10.8% |
| 2003 | $1,062 | $201,190 +2682.7% |
| 2001 | -- | $7,230 |
Find assessor info on the county website
Neighborhood: 46561
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Nearby schools
GreatSchools rating
- 7/10Elm Road Elementary SchoolGrades: PK-5Distance: 3.5 mi
- 6/10Virgil I Grissom Middle SchoolGrades: 6-8Distance: 4.7 mi
- 10/10Penn High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Elm Road
- Middle: Grissom
- High: Penn
- District: Penn-Harris-Madison 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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- Indiana
- Saint Joseph County
- Osceola
- 46561
- 56708 Lake St
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