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$310,000
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Property Description
Motivated Seller! Experience breathtaking lakefront living with spectacular views from this beautifully updated home on Shafer Lake! Nestled on approximately 70 feet of prime lake frontage, this property boasts a new sea wall, new boat lift that includes two piers--perfect for boating, fishing, or simply soaking in the serene surroundings.Enjoy lake life from the expansive deck or from inside the oversized living and dining room, designed with an open-concept layout that flows seamlessly into the kitchen. Large windows flood the space with natural light and provide stunning, uninterrupted views of the water.The recently remodeled kitchen is a showstopper, featuring gleaming granite countertops, stainless steel appliances, a stylish farmhouse sink, and plenty of cabinet space--ideal for entertaining or quiet evenings at home.With three bedrooms and two full baths, there's room to relax in comfort. Set on a spacious .34+/- acre lot, this home combines many updates with the charm and tranquility of lake living. Whether you're sipping coffee on the deck at sunrise or unwinding after a day on the water, this lakefront retreat offers the ultimate escape. Court house has finished sq ft as 1768. Part of the Shafer Freeman Lakes Environmental Conservation Corp. which requires annual shore front license renewal fee. Information believed accurate, not guaranteed.
Full Property Details
Full Property Details for 4867 NW Shafer Dr
General
- Sold For: $310,000
- Taxes: $1,572 (2023)
- Status: Closed
- Type: Single Family
- Source: GNIAR
- MLS ID: 819154
- Added to Site: 298 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: Country Kitchen, Granite Counters
- Appliances: Dryer, Range, Water Softener Owned, Washer, Stainless Steel Appliance(s), Refrigerator, Gas Water Heater, Gas Range
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Exterior
- Exterior Features: Other, Private Yard, Storage
Parking
- Parking Features: Additional Parking, Driveway, Off Street, Kitchen Level, Gravel
Location
- County: White
- Township: Union
- Subdivision: Frax
- Driving Directions: From Monticello hwy 24, turn north on 6th Street, turns into NW Shafer Drive, past Indiana Beach, follow NW Shafer Drive just past Tall Timbers Marina, home on Right or East side of road.
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 1,768
- Year Built: 1973
Lot Features
- Lot Size (Acres): 0.35
- Lot Size (Sq. Ft.): 15,246
- Lot Features: Back Yard, Landscaped, Rectangular Lot, Private, Few Trees, Front Yard
Financial Considerations
- Tax Amount: $1,572
- Tax Year: 2023
- Terms: Cash, VA Loan, FHA, Conventional
Disclosures and Reports
- Legal Description: FRAX NW NW 05-27-03 .35 TRACT 3
- Property ID: 917305000002600020
Listed and Sold by Hebron Realty & Insurance
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Schools
Schools serving 4867 NW Shafer Dr
School District:Twin Lakes School Corporation
| Name | Grades | Distance |
|---|---|---|
Twin Lakes Senior High School 300 South 3rd Street, Monticello, IN 47960 | 9-12 | 5.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4867 NW Shafer Dr
Date
Details
Price
Change
Source
9/12/2025
Sold
$310,000
-12.68%
MLS
8/24/2025
Price Reduced
$354,999
-2.74%
MLS
8/11/2025
Price Reduced
$364,999
-2.67%
MLS
7/28/2025
Price Reduced
$374,999
-2.6%
MLS
7/23/2025
Price Reduced
$384,999
-2.75%
MLS
6/18/2025
Price Reduced
$395,900
-1%
MLS
5/16/2025
Price Reduced
$399,900
-4.76%
MLS
5/07/2025
Price Reduced
$419,900
-2.33%
MLS
4/16/2025
Listed
$429,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4867 NW Shafer Drive, Monticello, IN 47960 (MLS# 819154) is a Single Family property that was sold at $310,000 on September 12, 2025. Want to learn more about 4867 NW Shafer Drive? Do you have questions about finding other Single Family real estate for sale in Monticello? You can browse all Monticello real estate or contact a Coldwell Banker agent to request more information.

