Escape to the lake with this rare opportunity to own a true waterfront property on Raccoon Lake-with no HOA and short-term rental potential! Properties like this don't come along often, especially at this price point. This charming 1 bedroom, 1 bath cabin sits on approximately .53 acres and offers direct access to the water with a brand new 50-foot seawall. Unlike many lake properties, there are no long staircases here-just an easy walk down your private path to the shoreline, making lake days simple and enjoyable. Inside, the home has been thoughtfully updated with new flooring, all new PEX plumbing, and an updated bathroom that includes washer and dryer hookups. Additional improvements include a new water pump and upgraded 200 amp electrical service, providing peace of mind for years to come. Whether you're looking for a weekend getaway, a full-time lake retreat, or an income-producing Airbnb, this property checks all the boxes. With its combination of usable land, true waterfront access, and modern updates, it stands out as one of the few opportunities to own a half-acre lakefront property without the challenge of steep stairs or restrictive HOA rules. Enjoy fishing, boating, and unforgettable sunsets right from your own property-this is lake living made easy.
Pending
Price cut: $49K (7/2)
$249,999
7665 E Butterman Rd, Rockville, IN 47872
1beds
576sqft
Residential, Single Family Residence
Built in 2010
0.53 Acres Lot
$-- Zestimate®
$434/sqft
$-- HOA
What's special
Washer and dryer hookupsUsable landUpdated bathroom
- 139 days |
- 108 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Jennifer Dings 765-481-5789,
Hoosier Roots Real Estate Solutions, LLC,
Deidria Moore 317-442-6968
Source: MIBOR as distributed by MLS GRID,MLS#: 22092312
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Kitchen
- Level: Main
- Area: 135 Square Feet
- Dimensions: 15x9
Living room
- Level: Main
- Area: 180 Square Feet
- Dimensions: 15x12
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Dryer, Electric Water Heater, Electric Oven, Range Hood, Refrigerator, Washer
- Laundry: In Unit, Connections All, Other
Features
- Attic Access, Eat-in Kitchen
- Has basement: No
- Attic: Access Only
Interior area
- Total structure area: 576
- Total interior livable area: 576 sqft
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Screened
- Exterior features: Other
- Has view: Yes
- On waterfront: Yes
- Waterfront features: Lake Privileges, Seawall, Waterfront
Lot
- Size: 0.53 Acres
- Features: Not In Subdivision, Rural - Not Subdivision, Mature Trees, Wooded
Details
- Parcel number: 611220201022000015
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding, Other
- Foundation: Block, Other
Condition
- Updated/Remodeled
- New construction: No
- Year built: 2010
Utilities & green energy
- Water: Private
Community & HOA
Community
- Subdivision: 116 Towns
HOA
- Has HOA: No
Location
- Region: Rockville
Financial & listing details
- Price per square foot: $434/sqft
- Tax assessed value: $104,300
- Annual tax amount: $148
- Date on market: 4/1/2026
- Cumulative days on market: 110 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Pending sale | $249,999$434/sqft |
Source:  MIBOR as distributed by MLS GRID #22092312 Report a problem | ||
| 7/2/2026 | Price change | $249,999-16.4%$434/sqft |
Source: MIBOR as distributed by MLS GRID #22092312 Report a problem | ||
| 5/27/2026 | Price change | $299,000-14.3%$519/sqft |
Source: MIBOR as distributed by MLS GRID #22092312 Report a problem | ||
| 4/1/2026 | Listed for sale | $349,000+40.2%$606/sqft |
Source: MIBOR as distributed by MLS GRID #22092312 Report a problem | ||
| 8/27/2025 | Listing removed | $249,000-24.5%$432/sqft |
Source:  THAAR #106306 Report a problem | ||
| 7/31/2025 | Price change | $330,000+32.5%$573/sqft |
Source:  NextHome #106306 Report a problem | ||
| 7/25/2025 | Price change | $249,000-16.7%$432/sqft |
Source: THAAR #106306 Report a problem | ||
| 6/26/2025 | Price change | $299,000-6.3%$519/sqft |
Source: THAAR #106306 Report a problem | ||
| 6/2/2025 | Price change | $319,000-3.3%$554/sqft |
Source: THAAR #106306 Report a problem | ||
| 5/13/2025 | Listed for sale | $330,000+86.4%$573/sqft |
Source: THAAR #106306 Report a problem | ||
| 7/23/2024 | Sold | $177,000-6.3%$307/sqft |
Source: MIBOR as distributed by MLS GRID #21964533 Report a problem | ||
| 6/27/2024 | Pending sale | $189,000$328/sqft |
Source: MIBOR as distributed by MLS GRID #21964533 Report a problem | ||
| 5/30/2024 | Price change | $189,000-5%$328/sqft |
Source: MIBOR as distributed by MLS GRID #21964533 Report a problem | ||
| 3/6/2024 | Listed for sale | $199,000+298%$345/sqft |
Source: MIBOR as distributed by MLS GRID #21964533 Report a problem | ||
| 5/20/2014 | Sold | $50,000$87/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $149 -81.1% | $104,300 +24.8% |
| 2024 | $788 +13.9% | $83,600 +19.4% |
| 2023 | $692 +13.7% | $70,000 +21.1% |
| 2022 | $609 +3.1% | $57,800 +32.3% |
| 2021 | $590 -28.7% | $43,700 +5% |
| 2020 | $828 +6.3% | $41,600 -30.7% |
| 2019 | $780 +7.6% | $60,000 +4.2% |
| 2018 | $725 +16.3% | $57,600 +4.9% |
| 2017 | $623 -10% | $54,900 -0.7% |
| 2016 | $692 +2% | $55,300 -11% |
| 2014 | $679 -11.5% | $62,100 -1.4% |
| 2013 | $767 -7.5% | $63,000 |
| 2012 | $829 +42.5% | $63,000 +16.2% |
| 2011 | $582 +151.2% | $54,200 +180.8% |
| 2010 | $231 -7.2% | $19,300 |
| 2009 | $249 +12% | $19,300 +9% |
| 2007 | $223 -4.4% | $17,700 +0.6% |
| 2006 | $233 | $17,600 |
| 2005 | -- | $17,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 47872
Nearby schools
GreatSchools rating
- 6/10Rockville Elementary SchoolGrades: PK-5Distance: 7.7 mi
- 6/10Parke Heritage Middle SchoolGrades: 6-8Distance: 11.7 mi
- 6/10Parke Heritage High SchoolGrades: 9-12Distance: 7.8 mi
Schools provided by the listing agent
- Elementary: Rockville Elementary School
- Middle: Parke Heritage Middle School
- High: Parke Heritage High School
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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