Create your own socially distanced vacation in a new home! Ready for a new buyer...pack your bathing suit and come enjoy your get-away retreat at the lake. Furnished home NEW ROOF, NEW GUTTERING, NEW GUTTER GUARDS, NEW BACK DOOR TRIM. All major repair items have been taken care of. 2 bed home offers all the amenities of lake living without a lot of the work. Minimal yard upkeep & exterior maintenance. Relax in the screened in front porch or enjoy the scenic view off the back deck while grilling out. The extensive landscaping surrounding the home leaves little yard. The entry is large enough to provide a welcoming environment to your lake retreat. Wander down to the waterfront and enjoy the firepit, swim or boat off your 42' dock.
Single-familyProperty Type
1965Year Built
0.26 acresLot Size
$252Est. Price/Sq.Ft.
1 car garageParking
Listed by Margie Eberle-Polley• CENTURY 21 Scheetz
Contact: mpolley@c21scheetz.com
Bought with Ashley Holden• Keller Williams Indy Metro Partners
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Earn from this home
Rent
$1,963/mo
Redfin rental estimate
List your home for rent
Market trends in 47468, IN
Last updated September 2026
Buyer's Market
Seller's Market
Buyer's market
Sale-to-list price
95.5%
+0.7% MoM
Median sale price
$510K
$30K MoM
Avg. days on market
40d
23 days MoM
Recently sold homes
5
1 MoM
Provided by Redfin
Sale history for 7401 E Spillway Rd
Date
Event
Price
MIBOR as Distributed by MLS Grid #21712435
Jul 10, 2020
Sold
$209,000
$158/sq ft
May 26, 2020
Listed
$209,000
$158/sq ft
IRMLS #202019090
Jul 10, 2020
Sold
$209,000
$158/sq ft
May 25, 2020
Listed
$209,000
$158/sq ft
+22
Create your own socially distanced vacation in a new home! Ready for a new buyer. .. pack your bathing suit and come enjoy your get-away retreat at the lake. Furnished home with NEW ROOF, NEW GUTTERING, NEW GUTTER GUARDS, NEW BACK DOOR TRIM. All major repair items have been taken care of. This two bedroom home on Lake Lemon offers you all the amenities of lake living without a lot of the work. Minimal yard upkeep and exterior maintenance. Relax in the screened in front porch or enjoy the scenic view overlooking farmland off the back deck while grilling out. The extensive landscaping surrounding the home leaves little yard work to worry about. The entry is large enough to provide a welcoming environment to your lake retreat. From the kitchen you won't miss a minute of the activity going on in the dining area as you watch and converse through the open pass through. The larger front bedroom provides extra bedding with a pull out queen sofa, as does the living room sofa. This home is furnished (the IU rocker)and is ready for a new owner. If you have ever thought of owning a home at Lake Lemon, now is a good time. Get ready for summer and come check out this little piece of heaven. Bring your lake vibe and come enjoy lake living at a very affordable price. The current owner has a transferable sub-lease on the waterfront land across the road from the house. This gives you direct access to the lake. The waterfront lot has a firepit and a 42' aluminum dock that comes with the sale.
MIBOR as Distributed by MLS Grid #21670200
Mar 25, 2020
Listing Removed
—
Sep 18, 2019
Listed
$197,500
$150/sq ft
IRMLS #201941318
Sep 18, 2019
Listed
$197,500
$150/sq ft
MIBOR as Distributed by MLS Grid #21243085
Dec 10, 2013
Sold
$184,500
$140/sq ft
Jul 3, 2013
Listed
$199,000
$151/sq ft
MIBOR as Distributed by MLS Grid #21184216
Nov 6, 2012
Listing Removed
—
Jun 27, 2012
Listed
$229,000
$173/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$1,846 (+3.4%)
$117,800 + $142,600
$260,400
2023
$1,785 (+1.9%)
$117,800 + $134,300
$252,100
2022
$1,752 (−5.5%)
$117,800 + $119,900
$237,700
2021
$1,855 (+22.6%)
$56,300 + $127,800
$184,100
2020
$1,513 (−38.9%)
$56,300 + $112,900
$169,200
2019
$2,475 (−1.9%)
$51,200 + $109,700
$160,900
2018
$2,523 (+4.6%)
$41,000 + $120,400
$161,400
2017
$2,413 (−0.9%)
$41,000 + $116,900
$157,900
2016
$2,435 (+16.1%)
$41,000 + $119,800
$160,800
2015
$2,098 (+25.9%)
$41,000 + $121,400
$162,400
2013
$1,667
$20,500 + $106,400
$126,900
Tax history for 7401 E Spillway Rd
Year
Property tax
Land + Additions
Assessment*
2024
$1,846 (+3.4%)
$117,800 + $142,600
$260,400
2023
$1,785 (+1.9%)
$117,800 + $134,300
$252,100
2022
$1,752 (−5.5%)
$117,800 + $119,900
$237,700
2021
$1,855 (+22.6%)
$56,300 + $127,800
$184,100
2020
$1,513 (−38.9%)
$56,300 + $112,900
$169,200
2019
$2,475 (−1.9%)
$51,200 + $109,700
$160,900
2018
$2,523 (+4.6%)
$41,000 + $120,400
$161,400
2017
$2,413 (−0.9%)
$41,000 + $116,900
$157,900
2016
$2,435 (+16.1%)
$41,000 + $119,800
$160,800
2015
$2,098 (+25.9%)
$41,000 + $121,400
$162,400
2013
$1,667
$20,500 + $106,400
$126,900
*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
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
1999
Sq. Ft.
1,120
Year built
1965
Style
Single Family Residential
County
Monroe County
APN
530127200006000003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 13, 2026.
SR
Suburban Residential District
The character of the Suburban Residential (SR) District is defined as that which is primarily intended for existing, possibly nonconforming, recorded single family residential subdivisions and lots of record. Its purposes are to accommodate existing, substandard subdivision developments and lots, to permit the build-out of single family residential uses in those developments and lots, to encourage the development of sanitary sewer systems for the existing development in the Lake Lemon area, to discourage the development of nonresidential uses, to protect environmentally sensitive areas, such as floodplain, karst, and steep slopes, and to maintain the character of the surrounding neighborhood. Therefore, the number of uses permitted in the SR District is limited. Some uses are conditionally permitted. The conditions placed on these uses are to insure their compatibility with the residential uses. The need for expanding this district beyond the areas designated on the Official Zone Maps on the date of the adoption of the zoning regulations is not anticipated or encouraged.
Property details
Parking
Parking Information
Garage SqFt: 200
Garage Parking Description: Built-In
Parking Features: Asphalt
Garage Spaces: 1
Has Garage
Interior
Interior Sq. Ft. Information
Building Area Total: 1320
Living Area: 960
Main Level Sq. Ft.: 960
Lower/Basement Level Sq. Ft (Finished): 0
Bedroom Information
# of Bedrooms Main: 2
Beds MU: 2
Bedrooms MU: 2
Bathroom Information
# of Full Baths (Total): 1
# of Full Baths (Main): 1
Full Baths MU: 2
Full Bathrooms MU: 1
Room 1 Information
Room Type: Living Room
Room Features: Luxury Vinyl Plank
Room Dimensions: 17x13
Room Level: Main
Room 2 Information
Room Type: Dining Room
Room Features: Luxury Vinyl Plank
Room Dimensions: 13x8
Room Level: Main
Room 3 Information
Room Type: Kitchen
Room Features: Luxury Vinyl Plank
Room Dimensions: 9x12
Room Level: Main
Room 4 Information
Room Features: Luxury Vinyl Plank
Room Dimensions: 10x9
Room Level: Main
Room 5 Information
Room Type: Bedroom 2
Room Features: Luxury Vinyl Plank
Room Dimensions: 10x15
Room Level: Main
Other Rooms Information
Rooms Upper: 0
Rooms Main: 4
Rooms Basement: 2
# of Rooms: 6
Basement Information
Has Basement
Basement Features: Partial, Unfinished
Heating & Cooling
Heating Information: Baseboard, Electric
Cooling Information: Window Unit(s)
Interior Features
Interior Features: Windows Wood, Wood Work Painted
Appliances: Dryer, Electric Oven, Refrigerator, Washer, Electric Water Heater
Areas Interior: Laundry in Garage
Exterior
Building Information
Percent Optional Level Finished: 0-25%
Exterior Features
Patio And Porch Features: Deck Main Level, Screened
Exterior Features: Dock, Gas Grill
Property Information
Ownership Interest Types: No Assoc
Property Type: Residential
Property Sub Type: Single Family Residence
Land Information
Acres: 1/4-1/2 Acre
Lot Information
Lot Size Acres: 0.26
Utilities
Utility Information
Utility Prim Sewage Disp: Septic
Water Source: Municipal/City
Utilities: Cable Available
Solid Waste Information: No
Location
School Information
Schools: BLOOMINGTON NORTH HIGH
High School District: Monroe County Community Sch Corp
Location Information
Directions: North Shore Drive to Spillway home will be on your right. Subleased waterfront property is on you left.