40 Lane 250 Lake Pleasant

Orland, IN
$ 234,900 Beds 4 Baths 2 Sq 1,185 Virtual Tour
Monthly Estimate* How much can I afford?

4 Bed | 2 Bath | Dock | Pole Barn | All-Sports Lake This unique lakeside property offers incredible flexibility at an unbeatable price. The main level features 3 bedrooms and a full bath, while the basement includes a 1-bed, 1-bath suite with its own private entrance and no interior connection to the main floor. Unconventional? Yes but that's the charm. Rent the main level while keeping the basement as your own private lake retreat. Two docks on the channel put you on a fantastic all-sports lake with a beloved family-friendly sandbar nearby. A pole barn gives you all the storage you need for boats, jet skis, and water toys plus you're sitting on over a third of an acre, a rare find for lake property. Full-time home, weekend escape, or rental opportunity this one checks the boxes.

Single Family

  • Price
  • $ 234,900
  • City
  • Orland
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • STEUBEN
  • Half Bathrooms
  • 0
  • Area
  • Millgrove
  • Lot Size
  • 0.25 Acres
  • Zip
  • 46776
  • Sqr Footage
  • 1,185
  • Year Built
  • 1961
  • Taxes
  • $ 1150
  • Style
  • Site-Built Home
  • MLS#
  • 202624210
Listed By: Jeremy Bracey with RE/MAX Results; Cell: 260-466-5037
Data Source: Indiana Regional MLS (IRMLS)

Features

General

Sewer Public
Heating Gas
Kitchen Level Main
Cooling Central Air
Laundry Y/N Basement
Fireplaces No
Water Access Type Channel Front/Canal
Garage Detached
Status Active
Full Baths 2
Bathrooms 2
Year Built 1961
New Construction No
Subdivision None
Style One Story
Township Millgrove
Class RESIDENTIAL
Type Site-Built Home
Age 65
FIPS Code 18151
Associated Document Count 1
REO No
Status Active
Auction Y/N No
Annual Taxes 1150
Area Steuben County
Location Lake
High School Prairie Heights
City Orland
School District Prairie Heights Community
Assoc. Dues Frequency Not Applicable
Total Sq Ft 1622
Elementary School Prairie Heights
Middle School Prairie Heights
Legal Description Parcel ID's 760413230836000007,760413230602000007,760413230837000007
Agent First Name Jeremy
Agent Last Name Bracey
DOM 82
Tax Year 2025

Interior Features

Basement Partial Basement
Kitchen Length 15
Kitchen Width 7
Beds 4
Total Rooms 9
Family Room Width 11
Living Room Width 13
Family Room Length 12
Living Room Length 15
Full Baths Main 1
Total Finished SqFt 1185
Basement Y/N Yes
Above Grade Bedrooms 3
Below Grade Baths 1
Below Grade Bedrooms 1
Full Baths Below Grade 1
1st Bedroom Level Main
1st Bedroom Width 10
2nd Bedroom Length 13
2nd Bedroom Level Main
2nd Bedroom Width 10
3rd Bedroom Length 12
3rd Bedroom Level Main
3rd Bedroom Width 7
4th Bedroom Length 11
4th Bedroom Level Basement
4th Bedroom Width 7
Above Grade Finished SqFt 985
Below Grade Finished SqFt 200
Below Grade Unfin. SqFt 437
Living/Great Rm Level Main
Basement Material Poured Concrete

Exterior Features

Road Surface Paved
Exterior Vinyl
Water Frontage 17
Pool No
Waterfront Lake
Garage Length 32
Garage Width 20
Lot Size Area 10890
Lot Dimensions Irregular and multiple
Lot Description Lake
Garage SqFt 640
Water Features Walk to Lake Access
Well Type Private
Water Name Lake Pleasant
Approx. Lot Size Acres 0.25
Garage Capacity 2
Lake Ski Lake
Waterfront Y/N Yes
Garage Y/N Yes

Amenities

  • Foreclosure
  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the South Bend, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Prairie Heights Elementary School
Middle School Prairie Heights Middle School
High School Prairie Heights High School

Price History

6/19/2026 Listed $239,900
8/18/2026 3% - $234,900

Property vs Zip Code Average in 46776

Price
AVG $220K
$230K
Taxes
AVG $1,638
$1,150
Year Built
AVG 1936
1961
Visits
AVG 90
148
Data Provided by Inside Real Estate®

Areas That We Cover

40 Lane 250 Lake Pleasant Orland, IN is a Single Family Home for sale at $234900 with 1185 sqft and a lot size of 0.25 Acres Acre(s). 40 Lane 250 Lake Pleasant Orland has 4 bedrooms, 2 baths and was built in 1961. The property's zip code is 46776 which is in Orland, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.