Property Description
                Welcome to your private oasis set on 5.5 acres in the highly desired Leo school district! This sprawling 5-bedroom, 3 full and 2 half bath ranch on a walkout basement offers over 4,800 finished square feet of beautifully designed living space. The open main level features spacious living areas, a well-appointed kitchen, and large windows that showcase the serene property views. The walkout basement is an entertainer’s dream with a full second kitchen, two additional bedrooms, Theater Room, a full bath, half bath, second laundry, and a private entrance from the garage—perfect for multi-generational living or guest quarters. Outside, enjoy your very own stocked pond with beach area, including a new fountain (Fall 2023) that is seasonally serviced. The property also includes a new 70x30 pole building with an office, bathroom, and temperature-controlled environment—ideal for a workshop, business, or hobby space. Additional highlights include a three-car attached garage, geothermal heating and cooling (extensively cleaned and serviced in 2024), a new well pump and pressure tank (Fall 2024), and a Kinetico whole-house water filtration system. The building also features a large propane-powered heater for year-round comfort. This rare property combines privacy, functionality, and luxury—offering a peaceful retreat with modern conveniences just minutes from town.
             
         
                
            
                Directions
                North on Tonkel Rd; Turn right onto Schlatter Rd; Turn right; Continue straight; Home will be on the right
             
         
        
                Amenities
        Attic Storage, Ceiling-9+, Ceiling-Cathedral, Ceiling Fan(s), Closet(s) Walk-in, Countertops-Solid Surf, Countertops-Stone, Crown Molding, Deck Open, Detector-Carbon Monoxide, Detector-Smoke, Disposal, Dryer Hook Up Electric, Firepit, Foyer Entry, Garage Door Opener, Jet Tub, Landscaped, Pantry-Walk In, Porch Screened, Range/Oven Hook Up Elec, Split Br Floor Plan, Utility Sink, Stand Up Shower, Tub/Shower Combination, Workshop, Main Level Bedroom Suite, Main Floor Laundry, Sump Pump, Washer Hook-Up, Custom Cabinetry, Garage Utilities
        
                Sale Includes
        Dishwasher, Microwave, Refrigerator, Window Treatments, Cooktop-Electric, Oven-Electric, Range-Electric, Sump Pump, Water Heater Electric, Water Softener-Owned, Window Treatment-Blinds
        
        
                Map to 5730 Schlatter Road, Leo, IN 46765
        
            
        
        
        
            
                Property
                
                    
                        | MLS # | 
                        202541317 | 
                    
                    
                        | Date Listed | 
                        2025-10-12 | 
                    
                    
                        | Status | 
                        Cont-First Right | 
                    
                                        
                        | Property Type | 
                        Residential | 
                    
                    
                                        
                        | Property SubType | 
                        Site-Built Home | 
                    
                    
                                        
                        | Finished Square Feet | 
                        4878 sqft | 
                    
                    
                                        
                        | Total Square Feet | 
                        5773 sqft | 
                    
                    
                                        
                        | New Construction | 
                        No | 
                    
                    
                    
                                        
                        | Style | 
                        One Story | 
                    
                    
                                        
                        | Type | 
                        Site-Built Home | 
                    
                    
                                        
                        | Basement | 
                        Yes | 
                    
                    
                                        
                        | Bedrooms | 
                        4 | 
                    
                    
                                        
                        | Bathrooms | 
                        
                            5
                                                            (3 Full, 2 Half)
                                                     | 
                    
                    
                                        
                        | Annual Taxes | 
                        $4,669.78 | 
                    
                    
                                        
                        | Year Taxes Payable | 
                        2025 | 
                    
                    
                                        
                        | Year Built | 
                        1997 | 
                    
                    
                    
                                                                    
                            | Virtual Tour | 
                            
                                propertypanorama.com »
                             | 
                        
                                            
                    
                        | Days on Market | 
                        22 | 
                    
                    
                    
                    
                
                                Additional
                
                    
                    
                    
                    
                                        
                        | Design | 
                        Ranch | 
                    
                    
                    
                                        
                        | Cooling | 
                        Central Air | 
                    
                    
                                        
                        | Heating | 
                        Geothermal | 
                    
                    
                    
                    
                    
                                                                                        
                        | Garage | 
                        Attached | 
                    
                                                                
                        | Hardwood Floors | 
                        1 | 
                    
                                                                
                        | Main Level Laundry | 
                        Yes | 
                    
                                                                
                        | Outbuilding | 
                        Pole/Post Building, Shed | 
                    
                    
                
                
                
                                    
                                        Room Dimensions
                    
                                                
                            | Living Room | 
                            18 × 28 | 
                            Main Level | 
                        
                                                
                            | Dining Room | 
                            15 × 12 | 
                            Main Level | 
                        
                                                
                            | Kitchen | 
                            14 × 24 | 
                            Main Level | 
                        
                                                
                            | Den | 
                            12 × 15 | 
                            Main Level | 
                        
                                                
                            | Master Bedroom | 
                            16 × 22 | 
                            Main Level | 
                        
                                                
                            | 2nd Bedroom | 
                            10 × 14 | 
                            Main Level | 
                        
                                                
                            | 3rd Bedroom | 
                            23 × 13 | 
                            Lower Level | 
                        
                                                
                            | 4th Bedroom | 
                            15 × 11 | 
                            Lower Level | 
                        
                                                
                            | Recreation Room | 
                            18 × 27 | 
                            Lower Level | 
                        
                                                
                            | Extra Room | 
                            14 × 18 | 
                            Lower Level | 
                        
                                            
                    
                    
                                            Bathroom Locations
                        
                                                       
                                | Full Baths | 
                                2 Main, 1 Lower | 
                            
                                                        
                                | Half Baths | 
                                1 Main, 1 Lower | 
                            
                                                    
                    
                
                External Features
                
                                        
                        | Construction | 
                        Site-Built Home | 
                    
                    
                                        
                        | Exterior | 
                        Brick,Vinyl | 
                    
                    
                                        
                        | Lot Size | 
                        239,580 sq ft | 
                    
                    
                                        
                        | Acreage | 
                        
                            5.50 Acres
                         | 
                    
                    
                                        
                        | Lot Dimensions | 
                        316x712 | 
                    
                    
                    
                    
                    
                                        
                        | Parking | 
                        No | 
                    
                    
                    
                                        
                        | Out Buildings | 
                        Pole/Post Building | 
                    
                    
                    
                    
                    
                                        
                        | Sewer | 
                        Septic | 
                    
                    
                                        
                        | Water | 
                        Well | 
                    
                    
                    
                    
                                        
                        | Fence | 
                        Partial,Metal | 
                    
                    
                    
                     
                    
                    
                    
                
             
            
                Location
                
                                        
                        | Area | 
                        Allen County | 
                    
                    
                                        
                        | Location | 
                        Rural | 
                    
                    
                                        
                        | County | 
                        Allen | 
                    
                    
                    
                                        
                        | Subdivision | 
                        None | 
                    
                    
                    
                    
                                        
                        | Township | 
                        Cedar Creek | 
                    
                    
                                        
                        | City | 
                        Leo | 
                    
                    
                                        
                        | State | 
                        IN | 
                    
                    
                                        
                        | Zip | 
                        46765 | 
                    
                    
                    
                
                                Schools
                
                                        
                        | School District | 
                        East Allen County | 
                    
                    
                                        
                        | Elementary | 
                        Cedarville | 
                    
                    
                                        
                        | Middle School | 
                        Leo | 
                    
                    
                                        
                        | High School | 
                        Leo | 
                    
                    
                
                
                Financial
                
                                        
                        | Financing Terms | 
                        Cash, Conventional | 
                    
                    
                    
                    
                    
                                        
                        | Assoc. Dues | 
                        $0.00 Not Applicable | 
                    
                    
                    
                    
                    
                    
                
             
                        
                     
        
            MLS# 202541317
            
Listing Provided Courtesy of Brandon Schueler
            
Mike Thomas Assoc., Inc
                        
                        
Listing updated October 22, 2025 at 4:15 pm
            
                        
Last checked 8 minutes ago
            
            
            
    
    
    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.
 
        
        
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