$185,000
4085 W 500 S
Rare opportunity to own a piece of Big Lake with deeded lake access and ski hours from 1–4 PM daily! This 3 bedroom, 1 bathroom home is priced under $200,000 and offers endless potential. Whether you're looking for a fixer-upper, a site to build your dream home, a summer lake cottage, or a place to add a pole barn—this property checks all the boxes for potential. Situated just steps from the water in a desirable lake community, Big Lake offers the best of boating, fishing, and relaxing lake life. Home is in need of repairs and being sold as-is cash or conventional only. Don’t miss this affordable chance to enjoy one of the area’s most popular ski lakes!
Property can easily be found using Google Maps.
Map to 4085 W 500 S, Albion, IN 46701
MLS #
202526743
Date Listed
2025-07-10
Status
Active
Property Type
Residential
Property SubType
Site-Built Home
Square Feet
1423 sqft
New Construction
No
Style
One Story
Type
Site-Built Home
Bedrooms
3
Bathrooms
1
Annual Taxes
$496.74
Year Taxes Payable
2024 pay 2025
Year Built
1957
Virtual Tour
propertypanorama.com »
Days on Market
2
Additional
Cooling
Wall AC
Heating
Propane, Heat Pump
Garage
Attached
Main Level Laundry
Yes
Room Dimensions
Dining Room
15 × 9
Main Level
Kitchen
18 × 7
Main Level
Den
8 × 11
Main Level
Master Bedroom
10 × 14
Main Level
2nd Bedroom
10 × 13
Main Level
3rd Bedroom
10 × 11
Main Level
Bathroom Locations
Full Baths
1 Main
External Features
Construction
Site-Built Home
Exterior
Concrete
Lot Size
7,797 sq ft
Acreage
0.18 Acres
Lot Dimensions
0x0
Parking
Yes
Sewer
Public
Water
Well
Fence
None
Location
Area
Noble County
Location
Rural
County
Noble
Subdivision
Big Lake
Township
Noble
City
Albion
State
IN
Zip
46701
Schools
School District
Central Noble Community
Elementary
Wolf Lake
Middle School
Central Noble Jr/Sr
High School
Central Noble Jr/Sr
Financial
Financing Terms
Cash, Conventional
Assoc. Dues
$0.00 Not Applicable
| MLS # | 202526743 |
|---|---|
| Date Listed | 2025-07-10 |
| Status | Active |
| Property Type | Residential |
| Property SubType | Site-Built Home |
| Square Feet | 1423 sqft |
| New Construction | No |
| Style | One Story |
| Type | Site-Built Home |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Annual Taxes | $496.74 |
| Year Taxes Payable | 2024 pay 2025 |
| Year Built | 1957 |
| Virtual Tour | propertypanorama.com » |
| Days on Market | 2 |
| Cooling | Wall AC |
|---|---|
| Heating | Propane, Heat Pump |
| Garage | Attached |
| Main Level Laundry | Yes |
| Dining Room | 15 × 9 | Main Level |
| Kitchen | 18 × 7 | Main Level |
| Den | 8 × 11 | Main Level |
| Master Bedroom | 10 × 14 | Main Level |
| 2nd Bedroom | 10 × 13 | Main Level |
| 3rd Bedroom | 10 × 11 | Main Level |
| Full Baths | 1 Main |
| Construction | Site-Built Home |
|---|---|
| Exterior | Concrete |
| Lot Size | 7,797 sq ft |
| Acreage | 0.18 Acres |
| Lot Dimensions | 0x0 |
| Parking | Yes |
| Sewer | Public |
| Water | Well |
| Fence | None |
| Area | Noble County |
|---|---|
| Location | Rural |
| County | Noble |
| Subdivision | Big Lake |
| Township | Noble |
| City | Albion |
| State | IN |
| Zip | 46701 |
| School District | Central Noble Community |
|---|---|
| Elementary | Wolf Lake |
| Middle School | Central Noble Jr/Sr |
| High School | Central Noble Jr/Sr |
| Financing Terms | Cash, Conventional |
|---|---|
| Assoc. Dues | $0.00 Not Applicable |
MLS# 202526743
IDX information provided by the Indiana Regional MLS.
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.
Listing Provided Courtesy of Isabella Reed
Keller Williams Realty Group
bellareed@kw.com
Listing updated July 10, 2025 at 5:30 pm
Last checked 14 minutes ago
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