5631 RED LAKE DRIVE - LOT 15 - SUBD II - 1.00 ACRES Lakeland Ridge Subdivision I or II is the perfect place to build your dream home. Select from 1 - 2.1 acre lots. Building restrictions: On all lots, the ground floor area of one-story dwellings, exclusive of porches and garages, shall not be less than 1,400 square feet. The ground floor area of two-story or one and one-half story dwellings, exclusive of porches and garages, shall not be less than 1,200 square feet (See Conditions, Restrictions, Reservations and Protective Covenants for Lake Ridge Subdivision). ..HOME PLANS/DESIGNS MUST BE SUBMITTED AND APPROVED BY SELLER PRIOR TO AN OFFER BEING ACCEPTED OR PRIOR TO ANY CONSTRUCTION BEGINNING ON THE LOT. ..Lots with crops planted at the time of purchase will have a crop reserve. All Builders are welcome! ..Lakeland Ridge Subdivision I Lots Available: #5 ..Lakeland Ridge Subdivision II Lots Available: #15
Property Details
Property Features
Listing Office:
Office Name: SHRODE AGENCY
Listing Agent: Linda Dickens
Exterior Features
Exterior Information:
Waterfront: None
Lot Features
Lot Information:
Lot Size: 1.00 Acres
Other
Directions Information:
Directions: Hwy 62 - North on Tile Factory Rd - Right on Tahoe Drive - Right on Red Lake Drive to Cul De Sac
Price Information
Listing Price Info
Price Summary:
List Price: $22,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Mount Vernon, IN.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$177
Per Month
Principal & Interest
$110
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$132
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Farmersville Elementary School
4065 Highway 69 S
Distance between this listing and this school1.91 miles
Public District Grades PK-5
6
/10
West Elementary School
1105 W 4th St
Distance between this listing and this school2.35 miles
Public District Grades KG-5
8
/10
Marrs Elementary School
9201 Highway 62 E
Distance between this listing and this school6.99 miles
Public District Grades KG-5
Nearby Schools
7
/10
Mount Vernon Jr High School
701 Tile Factory Rd
Distance between this listing and this school1.28 miles
Public District Grades 6-8
8
/10
Perry Heights Middle School
5800 Hogue Rd
Distance between this listing and this school12.81 miles
Public District Grades 6-8
7
/10
North Posey Junior High School
5800 High School Rd
Distance between this listing and this school13.52 miles
Public District Grades 7-8
Nearby Schools
7
/10
Mount Vernon High School
700 Harriett St
Distance between this listing and this school1.35 miles
Public District Grades 9-12
5
/10
North Posey High School
5900 High School Rd
Distance between this listing and this school13.53 miles
Public District Grades 9-12
6
/10
Francis Joseph Reitz High School
350 Dreier Blvd
Distance between this listing and this school14.96 miles
The neighbors living near this home have an average income of $74,209. Residents of Mount Vernon, IN typically earn between $35k-100k each year. The most common type of family is married, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5631 Red Lake Dr Lot15
What is the listing price of this property?
The listing price of 5631 Red Lake Dr Lot15 property is $22,000.
What type of property is this?
The property 5631 Red Lake Dr Lot15 is land located in Mount Vernon, Indiana, 47620.
Is this property for sale now?
Active Listing: 5631 Red Lake Dr Lot15 is For Sale (Active/New) which means the seller is accepting offers.
Interested in 5631 Red Lake Dr Lot15? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 5631 Red Lake Dr Lot15 in Mount Vernon, IN and zip code 47620. It has been listed on Rocket Homes since March 17, 2020 and is currently priced at $22,000.
In November 2024 more than 2 listings in Mount Vernon, IN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 4 were sold below. The inventory of homes for sale in Mount Vernon, IN between October 2024 and November 2024 increased by 16.1%.
From Rocket Homes Real Estate and based on county public records data.
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Hunting
Hunting
NASCAR
Figure Skating
Academy Sports & Outdoors
Bass Pro Shops
Wal-Mart
Jimmy Johns
Hardee's
Applebees
Chevrolet
GMC
Ram
New Country
Classic Country
Oldies