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4283 W 500 S, Albion, IN, 46701

2beds
1baths
920sqft
$190,000
$207price/sqft
$1,281/moest. monthly cost
$51,240/yrincome needed

About This Home

Prime opportunity on sought-after Big Lake with 50 feet of water frontage. Notorious for the best fishing around, this 920 sq ft home sits directly on the water in a great setting where opportunities like this don’t come around often. The structure offers solid bones and a newer roof (within the last couple of years), giving you a strong starting point. Interior will require renovation due to prior damage from burst water pipes during winter a couple of years ago—please refer to photos for current condition. Whether you’re an investor, flipper, or buyer looking to create your own lake getaway, this property is full of potential. With the right vision and updates, this could be transformed into a standout lake property in a highly desirable location. Rare chance to build equity and make Big Lake your own.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

5/10
Central Noble High SchoolGrades 6-129.3 mi
6/10
Albion Elementary SchoolGrades 3-59.2 mi

Construction

Condition

  • Year built: 1950

Materials

  • Roof: Asphalt,Rubber
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Basement

  • Basement: Crawl Space

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Features

  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 920

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 920
  • Total interior livable area: 920 sqft

Kitchen

  • Level: Main
  • Area: 88

Living Room

  • Level: Main
  • Area: 260

Property

Details

  • Parcel number: 571932100051.000009

Features

  • Levels: One
  • Stories: 1
  • Fencing: None
  • Has view: Yes
  • On waterfront: Yes
  • Waterfront features: Waterfront,Lake Front,Non Ski Lake,Lake
  • Waterbody name: Big Lake
  • Frontage length: Channel/Canal Frontage(0),Water Frontage(50)

Lot

  • Lot size: 6,838 sqft
  • Features: Lake
  • Lot size dimensions: 150x50

Parking

  • Parking features: Gravel
  • Has uncovered spaces: Yes