4283 W 500 S

Albion, IN 46701

$190,000
Price
2
Beds
920 Sq. Ft.
$207 / Sq. Ft.
920
Sq. Ft.
$207
per Sq. Ft.
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Description

Prime opportunity on sought-after Big Lake with 50 feet of water frontage. Notorious for the best fishing around, this 920 sq ft home sits directly on the water in a great setting where opportunities like this don’t come around often. The structure offers solid bones and a newer roof (within the last couple of years), giving you a strong starting point. Interior will require renovation due to prior damage from burst water pipes during winter a couple of years ago—please refer to photos for current...Prime opportunity on sought-after Big Lake with 50 feet of water frontage. Notorious for the best fishing around, this 920 sq ft home sits directly on the water in a great setting where opportunities like this don’t come around often. The structure offers solid bones and a newer roof (within the last couple of years), giving you a strong starting point. Interior will require renovation due to prior damage from burst water pipes during winter a couple of years ago—please refer to photos for current condition. Whether you’re an investor, flipper, or buyer looking to create your own lake getaway, this property is full of potential. With the right vision and updates, this could be transformed into a standout lake property in a highly desirable location. Rare chance to build equity and make Big Lake your own.
  1. Listed by Vincent Crump • North Eastern Group Realty • Cell: 260-318-4990

Property Details for 4283 West 500 South

Style
One Story
Architectural Style
Traditional
Subdivision
None
Waterfront
Yes
Pet Restrictions
No
LISTING UPDATED: 04/29/2026 02:21 PM

Property Details for 4283 West 500 South

StatusActive
MLS #202612884
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Other
Year Built1950
Lot Size0.16 AC / 6,839 SF
CountyNoble County
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Location

Listing Courtesy of North Eastern Group Realty
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Building Information for 4283 West 500 South

Stories1Residences1Year Built1950Building Size-Lot Size0.16 AC / 6,839 SF

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$1,017 per month

30 year fixed, 6.36% Interest

Principal and Interest

$947

Property Taxes

$70

HOA Dues

$0

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Property Information for 4283 West 500 South

Summary
Location and General Information
  • Area: Noble County
  • City: Albion
  • Zip Code: 46701
  • State: IN
  • Township: Noble
  • Geo Latitude: 41
  • Geo Longitude: -86
  • Fips Code: 18113
  • Directions To Property: SR 109 to 500 West. Take 500 West around the corner, and the property will be on the left
  • Channel/Canal Frontage: 0.0
  • Lake Type: Non Ski Lake
  • Location: Lake
  • Water Frontage: 50.0
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2026
  • Parcel Number Id: 57-19-32-100-051.000-009
School Information
  • School District: Central Noble Community
  • Elementary: Central Noble
  • Middle School: Central Noble Jr/Sr
  • High School: Central Noble Jr/Sr
Parking
  • Number Of Parking Spaces: 2
  • Parking: Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 0.157
  • Lot Dimensions: 150x50
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 920.0
  • Upper Level Sqft: 0.0
  • Approx Lot Size Sqft: 6839.0
  • Above Grade Finished Sqft: 920.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 920.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Lake
  • Main Level Sqft: 920.0
  • Outbuilding Length: 18.0
  • Outbuilding Sqft: 288
  • Outbuilding Width: 16.0
Property and Assessments
  • New Construction: No
  • Year Built: 1950
  • Age: 76
  • Planned Unit Development: No
Green Features
  • Exemptions: Homestead, Over 65
Utilities
  • Sewer: Regional
  • Water Utility: Well
  • Water Type: Lake
  • Water Access: Lakefront
  • Water Name: Big Lake
Interior and Exterior Features
Exterior Features
  • Amenities: Ceiling Fan
  • Driveway: Gravel
  • Exterior: Vinyl
  • Fence: None
  • Outbuilding: Shed
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt, Rubber
Interior Features
  • Number of Electric Meters: 1
  • Number of Gas Meters: 1
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 0
  • Number of Refrigerators: 0
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement: No
  • Basement/Foundation: Crawl
  • Cooling: Central Air
  • Flooring: Other
  • Heating/Fuel: Gas, Forced Air
  • Stories: 1
  • Number of Above Grade Bedrooms: 2
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 2
  • Total Number of Full Baths: 1
  • Total Number of Half Baths: 0
  • Total Baths: 1
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 1
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 0
  • Number of Units: 1
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $0
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $0
  • Annual Property Tax: $0
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $0
  • Gross Monthly Rent: $0
Rental
Rental Information
  • Lease Term: None
  • Owner Pays: None
  • Tenant Pays: Other

Property History for 4283 West 500 South

DateEvent & SourcePriceAppreciation
Apr 13, 2026

Price Change

Indiana Regional MLS #202612884

$200,000—
Apr 13, 2026

Price Change

Indiana Regional MLS #202612880

$200,000—
Apr 13, 2026

Listed (Active)

Indiana Regional MLS #202612884

$190,000—
DateEvent & SourcePrice
04/13/2026

Price Change

Indiana Regional MLS #202612884

$200,000
04/13/2026

Price Change

Indiana Regional MLS #202612880

$200,000
04/13/2026

Listed (Active)

Indiana Regional MLS #202612884

$190,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 4283 West 500 South

Taxable ValueLand$58,500Additions$106,200Total$164,700
Tax Record2025$839 ($70 / month)
Home Facts
Beds1Baths1Total Finished SqFt920 SqFtAbove Grade Finished SqFt920 SqFtStories1Lot Size6,839 SqFtStyleSingle Family ResidenceYear Built1950Year Renovated1984CountyNOBLEAPN57-19-32-100-051.000-009

Schools near 4283 West 500 South

This home is within Central Noble Com School Corp.
Rating
School
Type
Grades
Distance
Central Noble Primary School
Public - K to 2
Central Noble High School
Public - 6 to 12
Albion Elementary School
Public - 3 to 5
Rating
School
Distance
Central Noble Primary School
PublicK to 2

Central Noble High School
Public6 to 12

Albion Elementary School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4283 West 500 South, Albion, IN 46701

4283 West 500 South is a multi-family home for sale in Albion, IN 46701. This property was listed for sale on April 13, 2026 by North Eastern Group Realty, it's currently listed at $190,000. This listing's school district is Central Noble Com School Corp. Nearby schools include Central Noble Primary School, Central Noble High School and Albion Elementary School. 4283 West 500 South is a 2-bed, 1-bath, 920 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of North Eastern Group Realty

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.