Closed

$495,000

5996 N 450 E, Leesburg, IN 46538

4beds

894sqft

Single Family Residence

Built in 1950

0.26 Acres Lot

$601,000 Zestimate^®

$--/sqft

$1,690 Estimated rent

Home value

$601,000

$547,000 - $667,000

$1,690/mo

Zestimate^® history

Owner options

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$1,690/mo

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$1,690/mo

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$2,935/mo

Est. payment

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$2,935/mo

Est. payment

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What's special

Steps from the lakeCovered front porchMature trees

This charming cottage is just steps from the lake and provides approximately 44 ft of Lake Tippecanoe Lakefront. This nice level lot can be a great building lot- or keep the cottage and enjoy a nostalgic vacation at the lake. This cottage has been a successful seasonal lake rental for many years. There are 4 bedrooms in this cottage and 1 bath as well as an open living room and kitchen area. The covered front porch will provide a great place to relax and would be an ideal spot for a porch swing or hammock. Mature trees and landscaping provide a great backdrop for entertaining at the lake as well. Tippy is an all sports lake and is Indiana's Deepest Natural Lake. Enjoy Lake Living Today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 4

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Dining room

Level: Main
Area: 90
Dimensions: 10 x 9

Kitchen

Level: Main
Area: 90
Dimensions: 10 x 9

Living room

Level: Main
Area: 209
Dimensions: 11 x 19

Heating

Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range/Oven Hook Up Elec, Refrigerator, Electric Oven, Electric Range, Gas Water Heater
Laundry: Washer Hookup

Features

Ceiling Fan(s), Natural Woodwork, Open Floorplan
Flooring: Carpet
Windows: Window Treatments, Blinds
Basement: Crawl Space,Block
Number of fireplaces: 1
Fireplace features: Living Room, Wood Burning, One

Interior area

Total structure area: 894
Total interior livable area: 894 sqft
Finished area above ground: 894
Finished area below ground: 0

Property

Parking

Parking features: Gravel
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Porch Covered
Fencing: None
Has view: Yes
View description: Water
Has water view: Yes
Water view: Water
Waterfront features: Waterfront, Lake, Waterfront-Level Bank, Private Beach, Lake Front, Ski Lake
Body of water: Tippecanoe Lake
Frontage length: Channel/Canal Frontage(0),Water Frontage(44)

Lot

Size: 0.26 Acres
Dimensions: 44x259
Features: Level, 0-2.9999, Lake, Rural, Landscaped

Details

Parcel number: 430818100003.000023

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch,Cabin/Cottage
Property subtype: Single Family Residence

Materials

Vinyl Siding
Foundation: Slab
Roof: Asphalt,Shingle

Condition

New construction: No
Year built: 1950

Utilities & green energy

Electric: NIPSCO
Gas: NIPSCO
Sewer: Septic Tank
Water: Well

Community & HOA

Community

Features: None
Subdivision: Potawatomi Park

Location

Region: Leesburg

Financial & listing details

Tax assessed value: $423,700
Annual tax amount: $3,757
Date on market: 7/28/2023
Listing terms: Cash

Price history

Date	Event	Price
7/27/2023	Sold	$495,000-1%
Source: IRMLS #202310660 Report a problem
7/4/2023	Pending sale	$499,900$559/sqft
Source: Coldwell Banker Real Estate Group #202310660 Report a problem
6/14/2023	Price change	$499,900-3.5%
Source: IRMLS #202310660 Report a problem
4/11/2023	Listed for sale	$518,000
Source: IRMLS #202310660 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,818 +14.4%	$423,700 -13.8%
2024	$4,213 +5.4%	$491,300 +17.4%
2023	$3,998 +11.7%	$418,500 +5.9%
2022	$3,579 +4.6%	$395,200 +15.5%
2021	$3,423 +2.2%	$342,200 -0.1%
2020	$3,351 +12.1%	$342,400 +0.6%
2019	$2,989 -1.4%	$340,400 +2.5%
2018	$3,033 +16.1%	$332,000 +0.6%
2017	$2,613 -7%	$329,900 +0.5%
2016	$2,810 -2.7%	$328,200 -0.4%
2014	$2,889 -6.7%	$329,400 +0.5%
2013	$3,095 +18.4%	$327,600 -0.1%
2012	$2,613 +1.8%	$327,800 -6.8%
2011	$2,568 -11.7%	$351,700
2010	$2,909 +13.9%	$351,700 -3%
2009	$2,554 +34.6%	$362,700 +36.8%
2007	$1,898	$265,100
2006	--	$265,100 +67.6%
2005	--	$158,200