Listing courtesy of MPR Realty, LLC · Listing agent: Mary Pomasl · Cell: 574-721-4796
5239 E Colonial Oaks Drive
Monticello, IN 47960Lake Freeman
Original price $629,900 · Price reduced on October 5, 2026
- On Lake Freeman
- 1.5 acres
- 2-car garage
- Fireplace
- Basement
- Bedrooms
- 4
- Bathrooms
- 3
- Living area
- 3,166 sq ft
- Lot
- 1.45 ac
- Year built
- 1991
- Type
- Site-Built Home
- Listed
- August 8, 2026
- MLS #
- 202632311
About this home
Wake up to the breathtaking views of beautiful Lake Freeman! Nestled on a beautifully wooded 1.45 acres setting consisting of three separate lots. The multiple lot configuration also provides valuable flexibility and future possibilities for the new owner, making this a truly unique Lake Freeman property. This 3166 square foot home offers the perfect blend of comfort, space and year round recreation. Designed for both everyday living and entertaining, the home features 4 spacious bedrooms, 2 full baths and 2 half baths. The desirable main level primary suite provides comfort and convenience, while the inviting family room, complete with a cozy fireplace, creates the perfect gathering space after a day on the lake. The walkout basement offers additional living and entertaining space with easy access to the waterfront. Step outside onto the deck and patio where you'll enjoy spectacular views of Lake Freeman. Ideal setting for morning coffee, outdoor dining or simply relaxing and taking in the water views. Boating enthusiasts will appreciate the included boat lift, making it easy to get out on the lake whenever the mood strikes. Storage is abundant with both an attached 2 car garage and an additional detached 2 car garage, providing plenty of room for vehicles, boats, and all your lake toys. Whether you are searching for a full time residence or the perfect weekend retreat, this rare property offers privacy, incredible views, and exceptional flexibility for the future all while providing the water lifestyle you've been dreaming of.
Monthly payment estimate
$3,226/mo
- Principal & interest
- $2,901
- Property taxes
- $170
- Homeowners insurance
- $155
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Two
- Total rooms
- 11
- Total area
- 3,166 sq ft
- Finished area above grade
- 1,874 sq ft
- Finished area below grade
- 1,292 sq ft
- Below grade total
- 1,292 sq ft
- Bedrooms above grade
- 3
- Bedrooms below grade
- 1
- Full baths, main level
- 1
- Full baths, upper level
- 1
- Half baths, main level
- 1
- Half baths, below grade
- 1
- Basement
- Walk-Out Basement
- Flooring
- Carpet, Laminate, Ceramic Tile
- Heating
- Natural Gas
- Cooling
- Central Air
- Fireplaces
- 1
- Fireplace features
- Living/Great Rm
- Laundry
- Main Level
- Interior features
- Ceiling Fan(s), Walk-In Closet(s), Tub and Separate Shower, Tub/Shower Combination, Main Level Bedroom Suite, Main Floor Laundry
Exterior & parking
- Style
- Contemporary
- Construction
- Vinyl Siding
- Roof
- Shingle
- Foundation
- Block
- Garage spaces
- 2
- Attached garage
- Yes
- Garage type
- Attached
- Garage sq ft
- 576 sq ft
- Parking
- Garage Door Opener, Concrete
- Private pool
- No
- Other structures
- Detached Garage
- New construction
- No
Waterfront & lake
- Waterfront
- Yes
- Body of water
- Lake Freeman
- Waterfront features
- Pier/Dock Available
- Water access
- Easement/Other
- Lake type
- Ski Lake
- Water feature
- Lake
Lot
- Subdivision
- Lake Freeman
- Lot features
- Lake on Lot, Water View
- Lot size (acres)
- 1.45 ac
- Lot dimensions
- approximately 150 x 465
- Location type
- Lake
- County
- White County
- Township
- Union
- Platted
- Yes
- Planned unit development
- No
- Directions
- W. Broadway, turn onto South 6th Street. Continue on South 6th Street it turns into S. Freeman Rd. Turn left onto E. Pierce Rd. Turn left onto S. Yankee Dr. Turn left onto E. Colonial Oaks Dr. Follow the road around and House will be on your right.
Schools
- Elementary school
- Twin Lakes
- Middle school
- Twin Lakes
- High school
- Twin Lakes
- School district
- Twin Lakes School Corp.
HOA & community
- Community amenities
- Boat Dock
Taxes & terms
- Annual taxes
- $2,042
- Tax year
- 2026
- Listing terms
- Cash, Conventional, FHA, USDA Loan
- Possession
- 30 Days after Closing-negotiable
- Parcel number
- 91-63-21-000-003.900-020
Included in the sale
- Included in sale
- Dishwasher,Microwave,Refrigerator,Washer,Boat Lift-Covered,Dryer-Gas,Range-Gas,Water Heater Gas,Water Softener-Owned
Utilities
- Water
- Well
- Well
- Private
- Sewer
- Public Sewer
- Gas provider
- NIPSCO
- Cable / internet provider
- Comcast/Xfinity
Income & commercial
- Gas meters
- 12
Rooms
| Room | Level | Dimensions |
|---|---|---|
| Bedroom 1 | Main | 13 × 15 ft |
| Bedroom 2 | Upper | 12 × 11 ft |
| Bedroom 3 | Upper | 12 × 12 ft |
| Bedroom 4 | Basement | 13 × 12 ft |
| Laundry | Main | — |
Location
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