5491 E Shae Lake Dr

Mooresville, IN 46158

$358,000
Price
2
Beds
1,453 Sq. Ft.
$246 / Sq. Ft.
1,453
Sq. Ft.
$246
per Sq. Ft.

Description

Indulge in the ultimate blend of comfort and convenience with our exquisite custom-built, all-brick ranch nestled in the heart of Lakeside Commons. This stunning home offers a seamless fusion of luxury and tranquility, with a prime location just moments away from shopping centers, the Indy airport, Drs/hospitals and more. Step inside to discover the epitome of modern Open-Style living with features you must see to appreciate. The spacious layout features a sun-drenched sunroom, perfect for enjoying...Indulge in the ultimate blend of comfort and convenience with our exquisite custom-built, all-brick ranch nestled in the heart of Lakeside Commons. This stunning home offers a seamless fusion of luxury and tranquility, with a prime location just moments away from shopping centers, the Indy airport, Drs/hospitals and more. Step inside to discover the epitome of modern Open-Style living with features you must see to appreciate. The spacious layout features a sun-drenched sunroom, perfect for enjoying your morning coffee. Imagine relaxing evenings spent on the covered porch, overlooking our stocked pond and watching sunsets, creating memories that will last a lifetime. This brand-new residence is ready for you to make it your own, with every detail meticulously crafted to exceed your expectations. From the sleek luxury vinyl floors to the kitchen adorned with top-of-the-line cabinets, no expense has been spared in creating a home that exudes luxury and quality at every turn. With immediate availability, there's no need to wait to experience the lifestyle you've always dreamed of. Don't miss your chance to own a piece of paradise. Schedule your private tour today and make this stunning retreat your own.
  1. Listed by Debbie Cox • Carpenter, REALTORS®

Property Details for 5491 East Shae Lake Drive

Architectural Style
Ranch, Traditional
Subdivision Name
Lakeside Commons
Township
Madison

Open Houses

Tuesday, Jul 22nd

3:00 PM - 5:00 PM

Public

LISTING UPDATED: 07/16/2025 12:30 PM

Property Details for 5491 East Shae Lake Drive

StatusActive
MLS #21906665
Days on Market882
Taxes$8 semi-annually
HOA Fees$200 / month
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2023
Lot Size0.15 AC / 6,534 SF
CountyMorgan County

Location

Listing Courtesy of Carpenter, REALTORS®
Add your commute

Building Information for 5491 East Shae Lake Drive

Stories-Year Built2023Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

$2,077 per month

30 year fixed, 6.845% Interest

Principal and Interest

$1,876

Property Taxes

$1

HOA Dues

$200

The Payment Calculator is for illustrative purposes only.

Property Information for 5491 East Shae Lake Drive

Summary
Location and General Information
  • City: Mooresville
  • County Or Parish: Morgan
  • Directions: SR 67 TO HADLEY RD. APPROX 2 MILES FROM ST. FRANCIS HOSPITAL ON NORTH SIDE OF HADLEY.
  • Postal Code: 46158
  • State Or Province: IN
Taxes and HOA Information
  • Attic YN: Yes
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Clubhouse, Sewer, Entrance Common, Exercise Room, Insurance, Lawncare, Snow Removal, Trash, Walking Trails
  • Association Fee: $200
  • Parcel Number: 550232277020000015
  • Semi Annual Property Tax Amt: 8
  • Tax Exemption: None
  • Tax Year: 2023
  • TaxLot: 49
School Information
  • High School: Mooresville High School
  • Middle Or Junior School: Paul Hadley Middle School
  • School District: Mooresville Con School Corp
Parking
  • Garage YN: Yes
  • Garage Parking Other: Finished Garage,Garage Door Opener,Keyless Entry
  • Garage Spaces: 2.0
  • Garage SqFt: 477
Property
Lot Information
  • Acreage: <1/4 Acre
  • Construction Stage: Completed
  • Lot Description: Close to Clubhouse, Sidewalks, Storm Sewer, Street Lights
  • Lot Size Square Feet: 6490.0
  • Lot Size Acres: 0.15
  • Main Level SqFt: 1453
  • New Construction: True
  • Living SqFt: 0.0
  • Sqft Total: 1453.0
  • Sq Ft Total: 1453.0
  • Year Built Numeric: 2023
  • Living Area Source: Plans
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: Yes
  • HOA Disclosures: Covenants & Restrictions,Rental Restrictions
  • Inspection Warranties: General
  • Legal Subdivision: Lakeside Commons Lot 49
  • Ownership Type: Mandatory Fee
  • Photos Count: 54
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
  • Community Features: Clubhouse, Fitness Center, Sidewalks, Street Lights
  • Property Condition: New Construction
Utilities
  • Solid Waste: No
  • Utilities: Cable Available, Natural Gas Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Association Amenities: Clubhouse, Fitness Center, Insurance, Landscaping, Pond Year Round, Snow Removal, Trail(s), Trash
  • Construction Materials: Brick
  • Exterior Features: Carriage/Guest House, Sprinkler System
  • Foundation Details: Block
  • Horse Amenities: None
Interior Features
  • Accessibility Features: Hallway - 36 Inch Wide, Accessible Doors
  • Accessibility Features: Yes
  • Appliances: Dishwasher, Disposal, Other
  • Areas Interior: Laundry in Unit
  • Basement YN: No
  • Cooling: Central Air
  • Eating Area: Dining Combo/Kitchen, Separate Room
  • Heating: Forced Air, Natural Gas
  • Interior Features: Attic Access, High Ceilings, Handicap Accessible Interior, Walk-In Closet(s)
  • Levels: One
  • Kitchen Features: Kitchen Updated
  • Additional Equipment: Smoke Alarm
  • Room List: Primary Bedroom, Kitchen, Dining Room, Great Room, Bedroom 2
  • Room and Features: Primary Bedroom-Main-Other, Kitchen-Main-Other, Dining Room-Main-Other, Great Room-Main-Other, Bedroom 2-Main-Other
  • Main Level Bedrooms: 2
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 6
  • Rooms Total MU: 6
  • Total Rooms: 6
Room 1
  • Room Level: Main
  • Room Dimensions: 17x12
  • Room Features: Other
  • Room Type: Primary Bedroom
Room 2
  • Room Level: Main
  • Room Dimensions: 11x12
  • Room Features: Other
  • Room Type: Kitchen
Room 3
  • Room Level: Main
  • Room Dimensions: 11x10
  • Room Features: Other
  • Room Type: Dining Room
Room 4
  • Room Level: Main
  • Room Dimensions: 15x22
  • Room Features: Other
  • Room Type: Great Room
Room 5
  • Room Level: Main
  • Room Dimensions: 14x11
  • Room Features: Other
  • Room Type: Bedroom 2
Bathrooms
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Count: 2
  • Full Baths Basement: 0
  • Full Baths Main: 2
  • Full Baths MU: 2
  • Full Baths Upper: 0
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 2
  • Bedrooms MU: 2
  • Bedrooms Total: 2
Mobile/Manufactured Home
Mobile/Manufactured Home
  • Builder Name: Shae Company

Property History for 5491 East Shae Lake Drive

DateEvent & SourcePriceAppreciation
Feb 23, 2023

Price Change

MIBORMLS #21906665

$358,000
Feb 17, 2023

Listed (Active)

MIBORMLS #21906665

$357,000
DateEvent & SourcePrice
02/23/2023

Price Change

MIBORMLS #21906665

$358,000
02/17/2023

Listed (Active)

MIBORMLS #21906665

$357,000

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

Public Records for 5491 East Shae Lake Drive

Taxable ValueLand$65,000Additions$246,000Total$311,000
Tax Record2024$3,217 ($268 / month)
Home Facts
Beds2Total Finished SqFt1,572 SqFtAbove Grade Finished SqFt1,572 SqFtStories1Lot Size6,490 SqFtStyleSingle Family ResidenceYear Built2022CountyMORGANAPN55-02-32-277-020.000-015

Schools near 5491 East Shae Lake Drive

This home is within Mooresville Con School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - K to 7
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Neil Armstrong Elementary School
PublicPK to 6

Northwood Elementary School
PublicK to 7

Mooresville High School
Public9 to 12

North Madison Elementary School
PublicK to 6

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.

Similar Homes

Similar Sold Homes

5491 East Shae Lake Drive is a single family home for sale in Mooresville, IN 46158. This property was listed for sale on February 17, 2023 by Carpenter, REALTORS®, it's currently listed at $358,000. This listing's school district is Mooresville Con School Corp. Nearby schools include Neil Armstrong Elementary School, Northwood Elementary School and Mooresville High School. 5491 East Shae Lake Drive is a 2-bed, 2-bath, 1,453 sqft single family home built in 2023.

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 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.

Listing Courtesy of Carpenter, REALTORS®

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 07/18/2025 12:11 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.