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    15 Lane 420 Jimmerson Lk Otter Lake, IN 46737

    For Sale
    $190,000

    Home with lake views, boat slip access, and spacious lot.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Access Home with Views

    This property offers access to the Lake James Chain, featuring outdoor living spaces and views of Jimmerson Lake. The sale includes four lots, providing possibilities with an extra-large lot. Inside, the open-concept home is designed for entertaining. The kitchen includes built-in storage. The home has two bedrooms and two full baths. The master bedroom features a walk-in closet and a private bath. The property includes a newer water heater and furnace. It is located in Buena Vista, a golf cart-friendly neighborhood, providing easy access to the park and beach. The home has a sewer setup with Stueben Lakes regional waste, valued at $15,000, along with well and gas services provided by Nipsco. Financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Restaurant Clothing Store Hotel & Motel Department Store Bar & Pub Cafe & Coffee Shop Storage Facility Bakery Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Otter Lake
    County
    Steuben
    State
    Indiana
    Longitude
    -85.04976
    Latitude
    41.712404

    FAQs

    What type of property is this?
    Single family property - Home with lake views, boat slip access, and spacious lot.
    Where is this single family property located?
    The property is located at 15 Lane 420 Jimmerson Lk Otter Lake, IN.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - Lake Views & Boat Slip access to Lake James Chain; - Sale includes 4 lots, offering development potential or extra space; - Outdoor living space is perfect for entertaining with stellar views of Jimmerson Lake
    Request Owner's contact information
    15 Lane 420 Jimmerson Lk Otter Lake, IN 46737
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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
    15 Lane 420 Jimmerson Lk Otter Lake, IN 46737
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