Ranch Villa Home Across From
5602 Fountain Circle Crown Point, IN 46307
5602 Fountain Circle, Crown Point, IN, 46307
$364,497
For Sale
$364,497
SINGLE_FAMILY - Crown Point, IN
Property Size1,728 SF
Lot Size0.25 Acres
Price / SF$210.94
Days on Market19
Property Features for 5602 Fountain Circle
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Laundry Room, Bedroom 2, Bathroom 1, Bathroom 2, Dining Room
- Patio and Porch features
- Patio
- Interior features
- Cathedral Ceiling(s), Pantry, Kitchen Island, High Ceilings, Ceiling Fan(s)
- Standard status
- Active
- APN
- 451707133048000047
- Size
- 1,728 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- WYNDANCE SPRINGS SUB. LOT 131 UNIT D
- Tax Annual Amount
- 13
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 1
Listing Agency
McColly Real Estate
(219) 663-3835
10709 Randolph Street, Schererville, IN
Listed by
Steve Likas · License #RB14051105
(219) 313-3785
Added: Jun 30 Checked: Jul 18 at 6:06 am
MLS# 841507
Listing URL
Copyright © 2026 Greater Northwest Indiana 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.
Investment Insights
Based on property information with market context.
Completed new construction offers maintenance-free, one-level living in Wyndance Springs, within the established Wyndance neighborhood. This ranch villa features 2 bedrooms and 2 baths, plus an office and a bright sunroom surrounded by windows on three sides. The open-concept layout includes cathedral ceilings and luxury vinyl plank flooring through the main living areas, with the living room flowing into the dining and kitchen spaces. The kitchen includes 42-inch cabinetry, ample counter space, pantry storage, and a breakfast bar.
The primary suite provides tall ceilings, large windows, a walk-in closet, and a private ensuite bath with a double vanity and walk-in shower. A second bedroom and office with French doors and cathedral ceilings add flexibility for guests, work, or hobbies. A convenient laundry/mudroom with closet storage provides direct access to the finished attached garage, which includes pull-down attic stairs for additional storage. Step outside to a private patio for outdoor dining.
The HOA covers lawn care and snow removal. The home is located in Winfield with easy access to major highways and just minutes from shopping, dining, healthcare, and the amenities of Crown Point. Some photos reflect a previously completed model and are representative only; colors, features, and finishes may vary.
The primary suite provides tall ceilings, large windows, a walk-in closet, and a private ensuite bath with a double vanity and walk-in shower. A second bedroom and office with French doors and cathedral ceilings add flexibility for guests, work, or hobbies. A convenient laundry/mudroom with closet storage provides direct access to the finished attached garage, which includes pull-down attic stairs for additional storage. Step outside to a private patio for outdoor dining.
The HOA covers lawn care and snow removal. The home is located in Winfield with easy access to major highways and just minutes from shopping, dining, healthcare, and the amenities of Crown Point. Some photos reflect a previously completed model and are representative only; colors, features, and finishes may vary.
Key Highlights
- New construction ranch villa (Year Built 2026) in a villa community; property condition: under construction
- Over 1,700 SF one‑level layout with 2 bedrooms, 2 baths plus an office and a bright sunroom
- Open‑concept main living area with cathedral ceilings, high ceilings, and luxury vinyl plank flooring
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.4k | $17.04 |
| − Vacancy | −$1.6k | −$0.95 |
| EGI | $27.8k | $16.09 |
| − OpEx | −$12.5k | −$7.24 |
| NOI | $15.3k | $8.85 |
1,728 SF · lease $17.04/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$218.4K
$191.1K – $254.8K
NOI $15,288 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$482.4K
$422.1K – $562.8K
NOI $33,767 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Move-in-ready one-level ranch villa with a sunroom, office, and attached garage in a pond-adjacent community.
Where is this single family property located?
The property is located at 5602 Fountain Circle Crown Point, IN.
What is the asking price?
The asking price for this property is $364,497.
What are key features of this property?
This property features: New construction ranch villa (Year Built 2026) in a villa community; property condition: under construction; Over 1,700 SF one‑level layout with 2 bedrooms, 2 baths plus an office and a bright sunroom; Open‑concept main living area with cathedral ceilings, high ceilings, and luxury vinyl plank flooring
