Welcome to your private oasis set on 5.5 acres in the highly desired Leo school district! This sprawling 5-bedroom, 3 full and 2 half bath ranch on a walkout basement offers over 4,800 finished square feet of beautifully designed living space. The open main level features spacious living areas, a well-appointed kitchen, and large windows that showcase the serene property views. The walkout basement is an entertainer’s dream with a full second kitchen, two additional bedrooms, Theater Room, a full bath, half bath, second laundry, and a private entrance from the garage—perfect for multi-generational living or guest quarters. Outside, enjoy your very own stocked pond with beach area, including a new fountain (Fall 2023) that is seasonally serviced. The property also includes a new 70x30 pole building with an office, bathroom, and temperature-controlled environment—ideal for a workshop, business, or hobby space. Additional highlights include a three-car attached garage, geothermal heating and cooling (extensively cleaned and serviced in 2024), a new well pump and pressure tank (Fall 2024), and a Kinetico whole-house water filtration system. The building also features a large propane-powered heater for year-round comfort. This rare property combines privacy, functionality, and luxury—offering a peaceful retreat with modern conveniences just minutes from town.
Single-familyProperty Type
1997Year Built
5.5 acresLot Size
$237Est. Price/Sq.Ft.
3 car garageParking
Listed by Brandon Schueler• Mike Thomas Assoc., Inc
Welcome to your very own oasis! Located in the award winning Leo school district of EACS. This property boasts with luxury, land, space, and Gods beautiful views. Weather you want to go on a hike on the 5.5 acres of land, go fishing in the stocked pond, relax on one of the water view decks, read in the screened in outdoor living area, or enjoy any of the other several amenities this property has to offer; you have come to the right place. As you enter through the custom wood gate equipped with solar power, and remote control from the home, you travel down the concrete driveway and are greeted with a circle drive and a view you’re sure to love. As you enter into the home you’ll find beautiful wood floor throughout, your private home office to the right and the formal dinning room to the left. Continuing forward you enter into the spacious family room equipped with a fire place, a coffered ceiling, and windows to take in that gorgeous view. Heading back to the kitchen, you’re sure to fall in love with the leather granite countertops, custom cabinets, double oven, eat in kitchen and so much more. Heading back to the family room and entering the hallway you will undoubtedly fall in love with the stunning master suite. The vaulted ceiling with shiplap, the windows to enjoy that view, the master bath with separate sinks with a separate vanity area. So much about this home I could list - One step in this home and you’re sure to fall in love.
Year
Property tax
Land + Additions
Assessment*
2025
$9,130 (−2.2%)
$151,400 + $794,400
$945,800
2024
$9,340 (+20.1%)
$151,400 + $783,900
$935,300
2023
$7,774 (+62.1%)
$127,400 + $752,900
$880,300
2022
$4,796 (−0.6%)
$127,400 + $454,900
$582,300
2021
$4,825 (+1.8%)
$127,400 + $419,500
$546,900
2020
$4,741 (+13.7%)
$127,400 + $400,400
$527,800
2019
$4,169 (+1.7%)
$127,400 + $389,500
$516,900
2018
$4,101 (−3.5%)
$112,700 + $382,400
$495,100
2017
$4,251 (+0.4%)
$112,700 + $376,200
$488,900
2016
$4,234 (+6.7%)
$112,700 + $376,200
$488,900
2015
$3,969 (−11.0%)
$112,700 + $356,600
$469,300
2013
$4,458
$112,900 + $346,500
$459,400
Tax history for 5730 Schlatter Rd
Year
Property tax
Land + Additions
Assessment*
2025
$9,130 (−2.2%)
$151,400 + $794,400
$945,800
2024
$9,340 (+20.1%)
$151,400 + $783,900
$935,300
2023
$7,774 (+62.1%)
$127,400 + $752,900
$880,300
2022
$4,796 (−0.6%)
$127,400 + $454,900
$582,300
2021
$4,825 (+1.8%)
$127,400 + $419,500
$546,900
2020
$4,741 (+13.7%)
$127,400 + $400,400
$527,800
2019
$4,169 (+1.7%)
$127,400 + $389,500
$516,900
2018
$4,101 (−3.5%)
$112,700 + $382,400
$495,100
2017
$4,251 (+0.4%)
$112,700 + $376,200
$488,900
2016
$4,234 (+6.7%)
$112,700 + $376,200
$488,900
2015
$3,969 (−11.0%)
$112,700 + $356,600
$469,300
2013
$4,458
$112,900 + $346,500
$459,400
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
5.5 Acres
Year renovated
1997
Sq. Ft.
4,791
Year built
1997
Style
Single Family Residential
County
Allen County
APN
020318100004000042
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
A1
Agricultural District
The Agricultural district is intended to permit a wide range of agricultural activities as well as limited types of low-density residential development and other uses customarily conducted in or associated with agricultural areas, and certain additional community-oriented uses.
Permitted uses
Include but are not limited to:
Dairy
Equestrian facility
Livestock production
Housing-Group
Housing-Single unit
Recreation
Neighborhood center
Agriculture-Cropland
Housing-Mobile home park
Timberland
Oct 10, 2024 • Final
Plumbing - residential
Install new plumbing fixtures and tie them into the existing plumbing system. Replace the valve for a tub liner replacement.
Plumbing
Jun 27, 2024 • Final
Building - residential
Construct a new storage building on a slab foundation with a half bathroom.
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking/Garage Information
Has Garage
Has Attached Garage
# of Garage Spaces: 3
Parking Features: Garage Door Opener, Gravel, Concrete, Garage, Attached
Appliances: Disposal, Dishwasher, Microwave, Refrigerator, Water Softener Owned, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Water Heater