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$574,999
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Property Description
Wake up to sparkling water views in this fully furnished 2-bed, 1-bath cottage on 1,500-acre Lake Freeman, just 10 minutes from Indiana Beach. Tucked away on a quiet dead-end street, you'll enjoy peace, privacy, and minimal traffic-perfect for unwinding or entertaining. Inside, you'll find two living areas and a walk-out lower level designed for both cozy mornings and lively lake days. Step onto your brand-new Trex deck to soak in panoramic shoreline views, or head down to the covered double boat dock-complete with a new 10,000-lb lift-and launch into adventure. As part of an all-sport lake connected to the scenic Tippecanoe River, you'll have miles of boating, fishing, and water sports right outside your door. An oversized two-car garage, garden shed, and lakeside storage mean there's room for all your toys. Here, life moves with the rhythm of the water-and every day feels like vacation!
Full Property Details
Full Property Details for 5639 S Richey Ln
General
- Price: $574,999
- Taxes: $2,024 ($7,350)
- Status: Active
- Type: Single Family
- Source: Indiana_Regional_MLS
- MLS ID: 202532998
- Updated: 8/19/2025
- Added to Site: 151 day(s) ago
Interior
- Number of Rooms: 5
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Exterior
- Exterior Features: Shingle, Vinyl
- Color: Shingle, Vinyl
Parking
- Garage: Yes
- Garage Description: Detached
Location
- Subdivision: 68X195
- Driving Directions: Freeman Road South to Chalmers Road. Turn left onto S Oakdale Road, turn left onto Richey Road, follow to the T and turn left. Property is on the right side.
School Information
- Elementary School: Twin Lakes School Corp.
- Middle School: Roosevelt
- High School: Twin Lakes
Heating & Cooling
- Cooling Type: Other
- Heating Type: Baseboard
- Heating Fuel: Baseboard
Utilities
- Sewer: Public
- Water: Lake Freeman
Structural Information
- Architectural Style: One Story
- Exterior Const.: Shingle, Vinyl
- Basement Entrance: 47960
- Finished Above Grnd: 516 Sq. Ft.
- Finished Below Grnd: 396 Sq. Ft.
- Year Built: 1945
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 13,068
- Street/Road Desc.: Lakefront
- Lot Description: Slope, Waterfront, Water View
Water Features
- Water Front: Yes
- Water View: Yes
- Water Access: Yes
- Water Front Type: Lake
- Water Front Name: Lake Freeman
Financial Considerations
- Price Per Sq. Ft.: $1,114.34
- Assoc Fee Freq.: Not Applicable
- Tax Amount: $2,024
- Tax Year: $7, 350
Listed by McColly Real Estate, Wendy Embry
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Schools
Schools serving 5639 S Richey Ln
School District:Twin Lakes School Corporation
| Name | Grades | Distance |
|---|---|---|
Twin Lakes Senior High School 300 South 3rd Street, Monticello, IN 47960 | 9-12 | 5.1 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 5639 S Richey Ln
Date
Details
Price
Change
Source
8/19/2025
Listed
$574,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5639 S Richey Ln
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,812
191%
$310,000
9%
2023
$1,655
-29%
$284,900
43%
2022
$2,315
1%
$199,400
3%
2021
$2,291
—
$192,800
1%
2020
$2,291
9%
$190,800
4%
2019
$2,110
5%
$183,100
3%
2018
$2,017
14%
$177,500
7%
2017
$1,775
—
$166,600
—
2017
$1,775
3%
$167,000
-1%
2016
$1,728
-8%
$169,500
8%
2015
$1,870
3%
$157,500
1%
2013
$1,824
22%
$156,300
12%
2012
$1,490
—
$139,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5639 S Richey Ln
5639 S Richey Lane, Monticello, IN 47960 (MLS# 202532998) is a Single Family property with 0 bedrooms and 1 full bathroom. 5639 S Richey Lane is currently listed for $574,999 and was received on August 19, 2025. Want to learn more about 5639 S Richey Lane? 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.

