5505 N West Shafer Drive Monticello, IN $ 250,000
5505 N West Shafer Drive
$ 250,000
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5505 N West Shafer Drive

Monticello, IN, 47960
$ 250,000
Bedrooms2 Baths1.0 Sq 1,463

Monthly Estimate*

$ 1,579

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Single Family Home for sale in Monticello, IN

for $250,000 with 2 bedrooms and 1 full bath. This 1,463 square foot home was built in 1950 on a lot size of 0.15.

Lake Shafer Opportunity - Lake Rights, Dock & Beautiful Views! Enjoy everything Shafer Lake has to offer from this charming 2-bedroom, 1-bath home with lake rights, a boat dock, jet ski dock, and breathtaking water views. Whether you're looking for a weekend getaway, vacation rental, investment property, or year-round residence, this property offers endless potential. The home could use a little TLC, making it the perfect opportunity for buyers looking to add their own updates and personal touches while building equity. Imagine spending your days boating, fishing, jet skiing, or simply relaxing and enjoying the peaceful lake scenery. With lake access already in place and incredible views that are hard to find, this property is a fantastic opportunity to enjoy the Shafer Lake lifestyle at an affordable price. Bring your vision and make this lakeside retreat your own! Features Include: *2 Bedrooms, 1 Bathroom *Lake Rights *Boat Dock *Jet Ski Dock *Beautiful Lake Views *Great Investment Potential *Weekend Getaway or Full-Time Residence *Opportunity to Add Value with Updates Schedule your private showing today and discover the possibilities this Shafer Lake property has to offer!

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Single Family Active

Price

$ 250,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 1,905

Style

Single Family Residence

Lot Size

0.15

Year Built

1950

Town/City

Monticello

County/Region

White

MLS | Web ID

841021

Features
Interior
Interior Amenities Ceiling Fan(s)
Fireplace Y/N N
Above Grade Finished Area 443
Half Baths 0
3/4 Baths 0
Total Bedrooms 2
Room Type Bedroom 2 Other Room Utility Room Primary Bedroom Living Room Kitchen
Total Baths 1
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General
Sewer Public Sewer
Heating Central Natural Gas Forced Air
Utilities Electricity Connected Water Connected Sewer Connected
Appliances Gas Range Refrigerator Microwave
Patio/Porch Features Deck
Pool Features None
Year Built 1950
Electric 100 Amp Service
View Lake Water
Township Monon
Levels One
Property Subtype Single Family Residence
Tax Year 2024
Waterfront Features Lake Front Lake Privileges
County White
New Construction N
Property Type Residential
HOA N
Subdivision Name none
Garage Y/N N
Total Rooms 7
Full Baths 1
Status Active
Directions take east Monon RD to N west Shafer dr. the property will be on the left.
City Monticello
Lot Size Square Feet 6534
Listing Terms Cash Conventional
Property Attached Y/N N
Tax Annual Amount 1905
Standard Status Active
Tax Assessed Value 205100
Legal Description OUT NW SW 32-28-03 .15
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Exterior
Exterior Amenities Balcony
Fencing Partial
Parking Features Additional Parking Gravel
Lot Features Few Trees
Water Source Well
Lot Size Acres 0.15
Lot Size Source Assessor
Waterfront Y/N Y
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* Excluded Features
List By
Tracy Wondaal

Listing Agent

Exp Realty, Llc

Broker

twondaal@gmail.com

Email

Affordability Calculator

$1,737
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,579
Monthly Property Taxes
$159
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/20/2026$250,000 Listed Price

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5505 N West Shafer Drive, Monticello, IN, 47960 is a Single Family Home for sale at $250,000 with 1,463 sqft and a lot size of 0.15. 5505 N West Shafer Drive has 2 bedrooms, 1.0 baths, and was built in 1950. The property's zip code is 47960 which is in Monticello, IN