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(SOLD) $2,500,000

800 Ln 210 Hamilton Lake #A Hamilton, IN  46742

  • 2.27 Acres

Property Description for 800 Ln 210 Hamilton Lake #A Hamilton, IN 46742

PARADISE IS LITERALLY FOR SALE - Welcome to Island Park, where paradise awaits on the shores of Hamilton Lake, Hamilton, Indiana. Embrace the extraordinary with this rare 2.271 acre lot, a once-in-a-generation opportunity to claim your slice of heaven. The history behind this parcel dating back to 1889 through 1940’s is amazing and you can own the nostalgia that comes with it. With utilities in place, your dream home or investment project can effortlessly come to life. Indulge in the luxury of your own private beach; a secluded retreat inviting you to unwind and savor the tranquility of 546 feet of lakefront living that overlooks the expansive 800+ acre Hamilton Lake: and serves as your backyard, providing not only breathtaking panoramic views but also a playground for all water enthusiasts. Once you have purchased: there’s several ways to divide or develop the parcel to meet your specific needs or desires. Family driven or investor driven, the choice is yours. Nestled in the heart of this serene island, the property boasts an R3 zoning which allows triplex family units. That said: single family lots from 1-9 totals may be possible. This offers vast possibilities for residential estate-size lots, smaller lot development, or 3-unit multi-family lots. Step into the rich history of Island Park, which still offers a 2 acre private park at its center for island residents, and once graced by the legendary Paradise Hotel between 1915 and 1945. As echoes of a bygone era linger, imagine the potential for your legacy to be etched into this cherished landscape. Seize this unparalleled, once in a lifetime opportunity, to own a piece of paradise where the past meets the present, and where the most amazing views come standard. This is more than just a property; its nostalgia and an invitation to create your legacy with memories, and build a future in a place that truly embodies the essence of island living. Don't miss your chance to make history at Island Park on Hamilton Lake and the past location of Paradise Hotel – a destination like no other.

Address:800 Ln 210 Hamilton Lake Hamilton IN 46742
Status:Sold
Sold On: 5/31/2024
Price:$2,800,000
Bathrooms:0
Lot Size:2.27
County: Steuben County
Township: Otsego
School System : Hamilton Community
MLS #:202408444
Property Type:Residential Land

Lot Dimensions:325x204x546x185
Directions:From the 4-way stop in downtown Hamilton, turn west on E Bellefontaine Rd, approximately one-half mile turn north on Lane 210, then follow around to the NW crossing the bridge; when reaching the Y on the island, follow to property on the North.

Loan Price
$15,730
Price And Interest $13,041/month
Property Tax $1,647/month
MTG INS $0/month
HOME INS $1,042/month
Price
$2,500,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$1,647/month
Home Owner Insurance
$12,504 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$9,882
Tax Year:2023
Mandatory HOA Fee:$

Subdivision: Island Park
Zip Code:46742

School System:Hamilton Community
High School:Hamilton
Middle School:Hamilton Middle
Elementary School:Hamilton

Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Fort Wayne REALTORS®

Listing provided courtesy of Ken Steury with Coldwell Banker Real Estate Group

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Hamilton Market Report

290
Avg. DOM
$277.22
Avg. $ / Sq.Ft.
$ 566,650
Med. List Price

The house prices in Hamilton are indeed dropping at the moment. There has been a decrease in price of $60,500.00. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Hamilton are going Down. The average house price is $559,000.00 and the average price per square feet is $273.41 per square feet. At the moment, the amount of homes listed is exactly 65 houses, with 33 with active status, 3 with pending status and 29 sold in Hamilton .

The most popular place to buy a home in Hamilton is . is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Hamilton .

The average amount of property taxes you would have to pay for a home in Hamilton is $3,859.90. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Hamilton are staying listed for an average of 82 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Hamilton was 6379 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Hamilton is $2,499,999.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Hamilton is $142,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Hamilton in year 1900 and the newest built house is in year 2024.

The average size of properties in Hamilton is 2334.39 sq.ft. , the biggest one being 7146 sq.ft. and the smaller being 486 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.