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2515 Ln 150 Hamilton Lk, Hamilton, IN, 46742

1beds
2baths
576sqft
$249,900
$434price/sqft
$1,584/moest. monthly cost
$63,360/yrincome needed

About This Home

Lake living in this adorable 1 bedroom, 2 full bath year-round cottage. There is plenty of space on the new 24' x 16' composite deck for entertaining and peaceful views of Hamilton Lake. The home has been well-maintained with newer windows, metal roof and on-demand gas water heater. 1-car garage. Backyard is completed by the newer vinyl privacy fence. Ownership includes 1/8 interest in the lakefront parcel where included dock is located. Located close to all that the Town of Hamilton has to offer. Hamilton is a golf-cart friendly community with a beach, restaurants, shopping and marinas. Welcome to the lake.

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1947

Materials

  • Roof: Metal
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Microwave,Refrigerator,Washer,Dryer-Gas,Gas Oven,Tankless Water Heater

Basement

  • Basement: Crawl Space

Bedroom1

  • Level: Main

Bedrooms & Bathrooms

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

Features

  • Eat-in Kitchen
  • Finished area below ground: 0
  • Finished area above ground: 576

Heating & Cooling

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

Interior Area

  • Total structure area: 576
  • Total interior livable area: 576 sqft

Kitchen

  • Level: Main
  • Area: 132

Living Room

  • Level: Main
  • Area: 168

Property

Details

  • Parcel number: 761033140107.000010

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • Fencing: Vinyl
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Lake,Waterfront-Level Bank,Pier/Dock,Deeded,Lake Front,Ski Lake
  • Waterbody name: Hamilton Lake
  • Frontage length: Channel/Canal Frontage(0),Water Frontage(170)

Lot

  • Lot size: 6,098 sqft
  • Features: Level,City/Town/Suburb,Lake
  • Lot size dimensions: 50x124

Parking

  • Total spaces: 1
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Drought
Hail
Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Snowstorm

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

MonthlyAnnual
Mortgage $1,263$15,156
Home Insurance *$81$972
Property Taxes $56$672
Electricity $184$2,212
Total$1,584$19,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$54,308/yr
40% on housing$47,520/yr
45% on housing$42,240/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How 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.

Insurance Growth Rate5-year average: 7.1%
7.1%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$434This listing

vs Other Active Listings

Avg $/sqft

ZIP 46742$145
Steuben County$188

vs Homes Sold Last Month

Median $/sqft

ZIP 46742$244
Steuben County$159

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

DateEventPrice
2026-07-22Price change$249,900
2026-07-08Price change$262,000
2026-06-30Price change$268,500
2026-06-24Listed for sale$275,000
2017-10-17Listing removed$149,900
2017-09-12Price change$149,900
2017-06-16Listed for sale$159,900

For Sale by Agent

AgentJamy Merritt
BrokerageCentury 21 Bradley-Lake Group

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