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    5051 NW Shafer Dr Monticello, IN 47960

    For Sale
    $225,000

    Residential Land - Monticello, IN

    Lot size:
    0.27 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 6 at 1:06 pm

    Property Features for 5051 NW Shafer Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    91-83-32-000-014.600-013
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Expense value
    150
    Expense
    Other

    Utilities

    Water front features
    Waterfront Lake Shafer, Waterfront, Waterfront Lake Shafer
    Water front
    1

    Building Details

    Architectural style
    Other

    Vogel Real Estate, Inc (574) 808-0335 [email protected]

    Listing agent Evan Vogel (574) 808-0335

    Listing date Oct 8, 2025

    MLS# 202511536 Listing URL

    Copyright © 2025 White County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Shafer Residential Land

    This residential land is located in Monticello, Indiana. The property includes two lots totaling 0.265 acres on Lake Shafer. A 24x48 pole barn, constructed by FBI, is situated on the property and features some interior finishing. The property is intended for residential use, offering the opportunity to create a custom home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    White
    State
    Indiana
    Longitude
    -86.7584
    Latitude
    40.7746

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    FAQs

    What type of property is this?
    Land - Lake Shafer main lake lot with pole barn.
    Where is this land located?
    The property is located at 5051 NW Shafer Dr Monticello, IN.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Lake Shafer Main Lake Lot offering waterfront access.; - 24x48 Pole Barn Built by FBI with interior finish.; - Two Total Lots included in the sale.
    (574) 808-0335
    Request Owner's contact information
    5051 NW Shafer Dr Monticello, IN 47960
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    Monticello, IN 47960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5051 NW Shafer Dr Monticello, IN 47960
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