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(SOLD) $2,000,000

3067 W Morel Lake Lane Monrovia, IN  46157

  • 5 Beds
  • 5 Baths
  • 6,444 sq. Ft
EXPLORE TUCKER LUXURY

Property Description for 3067 W Morel Lake Lane Monrovia, IN 46157

Enter the private gate and down the long tree-lined drive to encounter a gorgeous 5-bedroom home set on a secluded 101.65 acre oasis. The stunning 2-story great room overlooks a lake, private beach, boat slip and fenced yard. Beautifully updated kitchen with Wolf SS appliances, massive island, and cabinets with built-in lighting is separated from the great room by a soaring 2-sided stone fireplace. Elegant hardwood floors in the dining room and office. Main level primary suite and huge walk-in closet. Additional main level bedrooms feature ensuites. 5 heating units controlled by Nest. Wraparound porch heated 3-car garage, 2,000+ sq ft indoor/outdoor kennel and training room. Lighted training field with irrigation. Multiple outbuildings.

Address:3067 W Morel Lake Lane Monrovia IN 46157
Status:Sold
Sold On: 12/31/2023
Price:$2,475,000
Bedrooms:5 Beds
Bathrooms:4 Full Baths, 1 Half Baths
Sq. Feet:6,444
Year Built:2007
Lot Size:101.65
County: Morgan
Township: Gregg
MLS #:21891486
Property Type:Single Family Residence

Lot Dimensions:574861
Lot Features:Rural - Not Subdivision, Mature Trees, Wooded
Water Source:Municipal/City
Directions:I-70 West of airport to Monrovia exit 59. South on SR39 to Main street. West to Baltimore Rd. South to private gated entrance on west side of road. Property is S of Briarwood Rd, Directly across from Aurora Ln.
Main Level Sq. Ft. :3,494
Upper Level Sq. Ft. :2,950
Total Sq. Ft. :6,444

Loan Price
$11,759
Price And Interest $10,433/month
Property Tax $493/month
MTG INS $0/month
HOME INS $833/month
Price
$2,000,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$493/month
Home Owner Insurance
$9,996 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Dining Room 10x8 Main
Bedroom 4 25x20 Upper
Bedroom 5 25x20 Upper
Bedroom 2 15x12 Main
Kitchen 20x11 Main
Bedroom 3 15x12 Main
Loft 10x8 Main
Great Room 30x23 Main
7x6 Main
Bonus Room 16x10 Upper
Sun Room 30x28 Main
Primary Bedroom 28x16 Main

Semi-Annual Property Tax:$2,956
Tax Year:2021
Other Disclosures:None
Mandatory HOA Fee:$

Area: 5507 - Morgan - Gregg
Subdivision: No Subdivision
Zip Code:46157

Total Sq. Ft.:6,444
Interior Features:Built In Book Shelves, Cathedral Ceiling(s), Raised Ceiling(s), Walk-in Closet(s), Hardwood Floors, WoodWorkStain/Painted, Breakfast Bar, Paddle Fan, Hi-Speed Internet Availbl, Center Island, Pantry, Surround Sound Wiring
Interior Area(s):Great Room - 2 Story
Eating Area(s):Formal Dining Room
Appliances:Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Gas Oven, Refrigerator, Ice Maker, Washer, Water Softener Owned
Equipment:Security Alarm Monitored, Smoke Alarm
Exterior Features:Barn Storage, Out Building With Utilities, Sprinkler System, Storage Shed
Exterior Type:Cement Siding, Stone
Fuel:Wood
Fireplace(s):Two Sided, Great Room, Woodburning Fireplce
Cool:Central Electric, Heat Pump
Heat:Dual, Forced Air, Electric
Water Heater:Dishwasher, Dryer, Electric Water Heater, Disposal, Microwave, Gas Oven, Refrigerator, Ice Maker, Washer, Water Softener Owned
Total Rooms:12
EXPLORE TUCKER LUXURY
Nancy Warfield, REALTOR®/Broker, F. C. Tucker Company
Nancy Warfield
Phone (317) 409-0016
Additional Phone (317) 210-9570
F.C. Tucker Company

Listing provided courtesy of Nancy Warfield with F.C. Tucker Company from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/01/2022 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Monrovia Market Report

80
Avg. DOM
$180.12
Avg. $ / Sq.Ft.
$ 317,000
Med. List Price

The house prices in Monrovia are indeed dropping at the moment. There has been a decrease in price of $17,961.79. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Monrovia are going Down. The average house price is $298,090.00 and the average price per square feet is $186.96 per square feet. At the moment, the amount of homes listed is exactly 116 houses, with 18 with active status, 27 with pending status and 71 sold in Monrovia .

The most popular place to buy a home in Monrovia is 5502 - Morgan - Monroe. 5502 - Morgan - Monroe is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Monrovia .

The average amount of property taxes you would have to pay for a home in Monrovia is $1,557.17. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Monrovia are staying listed for an average of 92 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Monrovia was 4266 minutes ago.

At the moment we have 1 open houses that you can visit.

The cost of the most expensive home in Monrovia is $615,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Monrovia is $260,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Monrovia in year 1947 and the newest built house is in year 2024.

The average size of properties in Monrovia is 1930.11 sq.ft. , the biggest one being 2708 sq.ft. and the smaller being 975 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.