Price
$ 79,000
$ est. monthly payment
6625 S State Rd 1, Hamilton, IN 46742  
  • 2 beds
  • 1 baths
  • 900 sqft

6625 S State Rd 1, Hamilton, IN 46742  

YOU'LL NOT FIND A LAKE FRONT COTTAGE ANY CHEAPER THAN THIS IN STEUBEN COUNTY. APPROXIMATELY 56 FEET OF LAKE FRONTAGE ON HAMILTON LAKE WITH GREAT VIEWS LOOKING TO THE S.WEST ACROSS THE LAKE. ENJOY THIS YEAR ROUND HOME SUMMER AND WINTER. THIS HOME HAS A SPACIOUS OPEN FEELING IN THE LIVING ROOM, DINNING & KITCHEN AREA CONSIDERING THE OVERALL SIZE OF THE HOME. NEW CARPET AND PAD, NEWER 5 INCH WELL. THIS HOME IS NEAT AND CLEAN JUST WAITING FOR THE NEW OWNERS TO DECORATE TO THEIR TASTE .THERE IS ALSO A FOUR SEASON ROOM FOR ADDITIONAL SPACE AS WELL AS A 25 X 12 DECK AND PIER WAITING FOR YOU TO ENJOY LAKE LIFE AT IT'S BEST . THE PROPERTY LEGAL DESCRIPTION IS COLD SPRINGS LEASED GROUND LOT #102. IN ALL LIKELY HOOD THE PRICE OF THIS PROPERTY WOULD BE $100,000 MORE IF YOU OWNED THE LAND. NEARER TO $180,000.00. HOW MUCH OF THE PAYMENT WOULD BE GOING JUST TO PAY THE INTEREST ASSUMING YOUR TAKING OUT A LOAN AND YOU WOULD STILL HAVE PROPERTY TAXES TO PAY ? THE LEASE AND ALL TAXES IF PAID PRIOR TO MAY 15TH WOULD BE AROUND $5,880.56 +/-ANNUALLY. COLD SPRINGS WAS PLATTED IN THE LATE 1800'S AND HAS LEASED LAND EVER SINCE. THE LEASE IS FOR 30 YEARS AND FINANCING IS AVAILABLE THROUGH LOCAL BANKS.

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  • Listing Type Single Family
  • Listing ID 201939078
  • Bedrooms 2
  • Bathrooms 1
  • House Size 900 sqft
  • Lot Size 4,182.00 sqft
  • Listing Status Active
  • Year Built 1960
  • County Steuben County
  • Full Bath 1
  • Subdivision Cold Springs Cottage Park
  • Floors 1
  • Rooms 6.0
  • County School District Hamilton Community
  • School District 1 Hamilton
  • School District 2 Hamilton Middle
  • School District 3 Hamilton
  • Zoning LAKE RESIDENTIAL
  • Taxes 1153.64
  • TaxID 76-10-27-000-029.020-009
Listing courtesy of Robert(John) Hasselswerth~RE/MAX Results - Angola office

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