21 Ems T31 Ln, Leesburg, IN, 46538
About This Home
Open House Labor Day Weekend! Sunday Sept 6th 1pm-3pm. Experience lake living at its finest on beautiful Lake Tippecanoe, Indiana's deepest natural lake and one of the area's most sought-after destinations for boating, water sports, and fishing. Nestled on a unique low-traffic channel just moments from the main lake, this property offers the perfect blend of peaceful waterfront living and easy access to all that Lake Tippy has to offer. With no through traffic, the channel provides an ideal setting for swimming, floating, fishing, kayaking, and relaxing by the water. The channel is professionally treated six times per year, helping maintain clean, enjoyable water conditions. This completely renovated waterfront home has been thoughtfully updated from top to bottom. Major improvements include a new roof, well, HVAC system, electrical, windows, and doors, along with a reconfigured floor plan that includes an additional bathroom. Inside, luxury vinyl plank flooring flows throughout, creating a modern, low-maintenance living space where virtually everything is new. Outdoor living is a highlight of this property. The expansive 40' x 14' covered lakeside porch provides the perfect setting for dining, entertaining, or simply enjoying waterfront views. A 10' x 12' patio at the water's edge offers another inviting space to gather and unwind. The level lot provides easy access to the water without requiring flood insurance. With a number of mature trees, you get sun when you want it and shade when you need it. Boating enthusiasts will appreciate the two-section pier and boat lift. A detached 2-car garage offers electric service and an existing gas line for future heater installation, making it a versatile space for vehicles, storage, and lake toys year-round Enjoy access to the private Bell Rohr community park featuring tennis, basketball, and pickleball courts, with a playground area coming in 2027. Whether you're searching for a year-round residence or the perfect lake retreat, this move-in-ready home delivers the ideal combination of modern updates, peaceful waterfront living, and access to one of Indiana's premier natural lakes.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1954
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Microwave,Refrigerator,Electric Oven
- Laundry features: Main Level
Bedroom1
- Level: Main
Bedroom2
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Dining Room
- Level: Main
- Area: 136
Family Room
- Area: 0
Features
- Stone Counters,Open Floorplan
- Finished area below ground: 0
- Finished area above ground: 1,040
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 1,040
- Total interior livable area: 1,040 sqft
Kitchen
- Level: Main
- Area: 126
Living Room
- Level: Main
- Area: 221
Property
Details
- Parcel number: 430712400129.000016
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: Tennis Court(s)
- Has view: Yes
- On waterfront: Yes
- Waterfront features: Waterfront-Level Bank,Deck on Waterfront,Canal Front,Ski Lake,Lake
- Waterbody name: Tippecanoe Lake
- Frontage length: Channel/Canal Frontage(50),Water Frontage(50)
Lot
- Lot size: 10,454 sqft
- Features: Lake,Landscaped
- Lot size dimensions: 50X212
Parking
- Total spaces: 2
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Strong Wind
- Tornado
- Inland Flooding
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,529 | $42,348 |
| Home Insurance * | $383 | $4,596 |
| Property Taxes | $598 | $7,176 |
| Electricity | $184 | $2,212 |
| Total | $4,694 | $56,328 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Price change | $698,000 |
| 2026-06-17 | Listed for sale | $728,000 |
| 2026-06-14 | Listing removed | -- |
| 2026-06-01 | Listed for sale | $758,000 |
| 2016-10-24 | Listing removed | $264,900 |
| 2016-09-07 | Pending sale | $264,900 |
| 2016-09-01 | Listed for sale | $264,900 |
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