For Sale
4283 W 500 S
Albion, IN, 46701 • 46701 • Noble County
$200,000
$217/sqft
Down payment assistance available
2Beds
1Baths
920Sqft
0.16 acLot
1950Built
Property DNA
On the Big Lake
Waterfront, Lake Front, Non Ski Lake, Lake
Ranch Style
Built 1950 · 76 years of history
None
46701
Shed
Shed
Just Listed
Listed Apr 14, 2026
This home is getting attention
266 views · 5 saves
Market activity
Demand and pricing signals for this listing
266 views
People checking out this listing
5 saves
Buyers have saved this home
$217/sqft
Price per square foot
About this home
Single Family · Built 1950
Prime opportunity on sought-after Big Lake with 50 feet of water frontage. Notorious for the best fishing around, this 920 sq ft home sits directly on the water in a great setting where opportunities like this don’t come around often. The structure offers solid bones and a newer roof (within the last couple of years), giving you a strong starting point. Interior will require renovation due to prior damage from burst water pipes during winter a couple of years ago—please refer to photos for current condition. Whether you’re an investor, flipper, or buyer looking to create your own lake getaway, this property is full of potential. With the right vision and updates, this could be transformed into a standout lake property in a highly desirable location. Rare chance to build equity and make Big Lake your own.
Estimated monthly payment
Based on current rates
$1,303/month
Principal & Interest$1,037
Property Tax$200
Insurance$67
Down payment20% ($40,000)
3%50%
Est. 6.74% rate · 30yr fixed · $160,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1950
HeatingNatural Gas, Forced Air
CoolingCentral Air
ParkingOpen Parking
Lot6,838 sqft
Days on Zillow0
Property
Home typeSingle Family
Sub-typeSingle Family Residence
StyleRanch
Year built1950
Stories1
Systems
HeatingNatural Gas, Forced Air
CoolingCentral Air
RoofAsphalt,Rubber
ConstructionVinyl Siding
Water / SewerWell / Public Sewer
Parking & Outdoor
ParkingGravel
BasementCrawl Space
FencingNone
Lot6,838 sqft
Location & Tax
Neighborhood46701
Annual tax$839
Parcel571932100051000009
Bathrooms & Fees
Full baths1
Features & details
7 categories of property features
Interior Features
Heating
Natural Gas
Forced Air
Cooling
Central Air
Fireplace
None
Exterior Features
Parking
Gravel
Construction
Vinyl Siding
Lot Features
Lake
Other Structures
Shed
Room details
4 rooms detailed
Bedroom1
MainBedroom2
MainKitchen
Main11×8 ft88 sqft
Living Room
Main20×13 ft260 sqft
Listing insights
Market data and value estimates
StatusFor Sale
Est. value$212,300
Est. rent$711/mo
Tax rate0.68%
Price/sqft$217
On marketApr 14, 2026
PostedApr 14, 2026
MLS statusActive
MLS updatedApr 14, 2026
Tour days9
Views266
Favorites5
How are the schools in Albion?
3 schools rated nearby
Location
Albion, IN, 46701
Price history
1 event
DateEventPrice$/sqftSource
Apr 14, 2026Listed For Sale$200,000—IRMLS
Listed For Sale$200,000
Apr 14, 2026•IRMLS
Tax history
18 years of records
YearTax paidAssessed value
Apr 15, 2024$138$130,700
Apr 15, 2023$135$127,100
Apr 15, 2022$132$125,500
Apr 15, 2021$130$114,800
Apr 15, 2020$127$105,000
Apr 15, 2019$143$100,100
Apr 15, 2018$155$100,100
Apr 15, 2017$154$95,900
Apr 15, 2016$135$97,600
Apr 15, 2014$130$82,400
Apr 15, 2013$145$82,900
Apr 15, 2012$142$82,300
Apr 15, 2011$159$83,700
Apr 15, 2010$237$96,300
Apr 15, 2009$231$96,300
Apr 15, 2007$260$96,300
Apr 15, 2006—$35,900
Apr 15, 2005—$31,500
Nearby homes
Neighborhood details
Local context around this listing
Albion, IN • Noble County
Nearby neighborhoods
Bear LakeWolflake
Nearby cities
AlbionAvillaCromwellKendallvilleKimmellLaottoLigonierRome City
Nearby zip codes
4670146796
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