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$5,250,000

7332 N East Shafer Drive Monticello, IN  47960

  • 7 Beds
  • 8 Baths
  • 7,611 sq. Ft

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Property Description for 7332 N East Shafer Drive Monticello, IN 47960

This private oasis is a self-sustained retreat with 3000 linear feet and ~160 acres of waterfront property on Lake Shafer near the quaint town of Monticello. This has everything you can possibly want or need with much, much more. There are 3 magnificent spacious and inviting homes that each sleep over 10, a state-of-the-art barn with a guest suite, an aerated fishing pond stocked with bass. A fishing hut with a full bath and kitchenette covered deck and sleeps 4. If that isn't enough you will find 2 boat houses with automatic lifts, one of which has a party room, kitchen, and powder room. Sandy beach, boat dock, sand volleyball court, fire pit, plumbed grills and decks with picnic benches, kids' jungle gym, outdoor basketball court, indoor basketball court, work out room, fenced grazing pastures, a private bayou, trails, forest, a creek, chicken coop, an orchard, farmland and tranquil open space. Too much to describe!

Address:7332 N East Shafer Drive Monticello IN 47960
Status:Active
on site: 14 days
Price:$5,250,000
Bedrooms:7 Beds
Bathrooms:7 Full Baths, 1 Half Baths
Sq. Feet:7,611
Year Built:1997
Lot Size:90.41
County: White
Township: Liberty
MLS #:21972300
Property Type:Single Family Residence

Lot Dimensions:3938042
Lot Features:Wooded, Other
Water Source:Private Well
Directions:GPS Friendly
Main Level Sq. Ft. :4,799
Upper Level Sq. Ft. :2,083
Total Sq. Ft. :7,611
Basement:Yes

Loan Price
$29,688
Price And Interest $27,386/month
Property Tax $114/month
MTG INS $0/month
HOME INS $2,188/month
Price
$5,250,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$114/month
Home Owner Insurance
$26,256 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Living Room 27x23 Main
Dining Room 17x21 Main
Kitchen 31x21 Main
Kitchen 10x12 Main
Primary Bedroom 29x32 Main
Bedroom 2 15x20 Upper
Bedroom 3 15x20 Upper
Bedroom 4 24x22 Upper
Bedroom 5 11x14 Main
Bedroom 6 19x23 Upper
Great Room 27x23 Main
Family Room 17x15 Upper
Dining Room 17x21 Main
Dining Room 9x12 Main
11x14 Main

Semi-Annual Property Tax:$684
Tax Year:2023
Mandatory HOA Fee:$

Area: 9102 - White - Liberty
Subdivision: No Subdivision
Zip Code:47960

Total Sq. Ft.:7,611
Interior Features:Vaulted Ceiling(s), Center Island, Hardwood Floors, Eat-in Kitchen, Pantry, Screens Complete, Walk-in Closet(s), Wood Work Stained
Interior Area(s):Bath Jack-n-Jill
Eating Area(s):Dining Combo/Family Room, Dining Combo/Great Room, Dining Combo/Kitchen
Appliances:Gas Cooktop, Dryer, Disposal, Gas Water Heater, Kitchen Exhaust, Microwave, Gas Oven, Refrigerator, Washer
Equipment:Generator, Smoke Alarm, Sump Pump
Exterior Features:Barn Storage, Basketball Court, Carriage/Guest House, Gas Grill, Outdoor Fire Pit
Exterior Type:Cedar, Shingle/Shake
Fireplace(s):Dining Room, Family Room, Gas Starter, Woodburning Fireplce
Cool:Central Electric
Heat:Forced Air, Gas, Heat Pump, Radiant Floor
Water Heater:Gas Cooktop, Dryer, Disposal, Gas Water Heater, Kitchen Exhaust, Microwave, Gas Oven, Refrigerator, Washer
Total Rooms:14
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Schools in 7332 N East Shafer Drive Monticello, IN  47960


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Listing provided courtesy of Laura Topp with Berkshire Hathaway Home from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 04/11/2024 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.



Monticello Market Report

132
Avg. DOM
$205.06
Avg. $ / Sq.Ft.
$ 317,450
Med. List Price

The house prices in Monticello are not dropping at the moment. There has been a increase in price of $31,221.67. 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 Monticello are going Up. The average house price is $321,950.00 and the average price per square feet is $207.19 per square feet. At the moment, the amount of homes listed is exactly 223 houses, with 76 with active status, 8 with pending status and 139 sold in Monticello .

The most popular place to buy a home in Monticello is 9102 - White - Liberty. 9102 - White - Liberty 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 Monticello .

The average amount of property taxes you would have to pay for a home in Monticello is $1,767.53. 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 Monticello are staying listed for an average of 68 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 Monticello was 548 minutes ago.

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

The cost of the most expensive home in Monticello is $5,250,000.00. 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 Monticello is $44,900.00 . 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 Monticello in year 1870 and the newest built house is in year 2024.

The average size of properties in Monticello is 2009.05 sq.ft. , the biggest one being 7611 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.