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About This Home

This 2-bedroom, 1-bathroom single family at 5505 N W Shafer Drive in Monticello, IN is listed for $250,000 ($171 per sqft). Built in 1950, the home offers 1,463 sqft of living space on a 0.15 acres lot.

Agent Description

Shafer Lake 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 Inve

stment 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!

Key Features

  • Built in 1950
  • 0.15 acre lot
  • Waterfront

Property Details

1 story
1 full
1950

Amenities

WaterfrontView

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

5505 N W Shafer Drive

Monticello, IN 47960

Features & Amenities

Interior Features

Ceiling Fan(s)

Exterior Features

Balcony

Property Details

Views

Water

Pool Features

Deck

Heating

CentralNatural GasForced Air

Appliances

Gas RangeRefrigeratorMicrowave

Questions & Answers

This 2-bedroom, 1-bathroom single family at 5505 N W Shafer Drive is listed at $250,000 ($171/sqft). The estimated monthly payment is $1,083 based on 20% down at 6.5% interest.

Key features include: Built in 1950, 0.15 acre lot, Waterfront. Interior Features: Ceiling Fan(s). Exterior Features: Balcony.

This property is listed by Tracy Wondaal and can be reached at 2194884176 or twondaal@gmail.com.

TW

Tracy Wondaal

Agent at eXp Realty, LLC

(219) 488-4176

Listed by eXp Realty, LLC · View on Broker Site

MLS# 841021· Source: listhub· Updated 1 days ago

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5505 N W Shafer Drive, Monticello, IN 47960

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