10525 N Lung Ln Syracuse, IN 46567
Estimated Value: $1,193,000 - $1,570,000
3
Beds
3
Baths
2,835
Sq Ft
$466/Sq Ft
Est. Value
Highlights
- 50 Feet of Waterfront
- Open Floorplan
- Cape Cod Architecture
- Pier or Dock
- Lake Property
- Backs to Open Ground
About This Home
As of April 2019On the east shore of Lake Wawasee, the sunsets light the sky and a historic sandy bottom beach known as Natti Crow Beach, hugs a two-mile shoreline of private homes that have stayed within families for generations. Rarely do any of these cottages become available. And that’s one of the reasons 10525 N. Lung Lane is so very special. Situated on Natti Crow’s protected cove, this adorable open concept cottage comes with a bunk house and guest house. Its capacity to sleep nineteen is perfect for extensive family gatherings and retreats, and its 5-6 car garage ensures plenty of parking and boat storage. Walk the quiet lane to Morrison Island. Attend the annual social. Enjoy the peacefulness of the eastern shore and make this the retreat YOUR family’s lake home for generations to come. Lake Wawasee is Indiana's largest natural lake and offers over 3500 acres of water and 25 miles of shoreline to enjoy boating, skiing, tubing, as well as great places to go by boat to dine. The main home features 2835 total square feet and 50 feet of lake frontage. The property has a total of six bedrooms and five baths. The main cottage has three bedrooms, three bathrooms, a great room, dining room, master bedroom with ensuite bath, kitchen, wood flooring, fireplace, new refrigerator, new dishwasher, tile in kitchen and bath, new front windows, newer HVAC, and newer water heater. The bunk house has one bedroom, one bathroom, a great room, baseboard heat, window A/C, and new Marvin windows. The guest house (4 years old) is 1,700+ sq. ft. and has two bedrooms, one bathroom, and a great room. It also features remote pull-down shades, a 5-6 car garage, and outdoor pergola and deck. The brick walkway leads to a large pier. Additional features are an irrigation system with drip lines and low-maintenance vinyl siding.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,543
Year Built
- Built in 1992
Lot Details
- 7,353 Sq Ft Lot
- Lot Dimensions are 176x50x170
- 50 Feet of Waterfront
- Lake Front
- Backs to Open Ground
- Picket Fence
- Level Lot
- Irrigation
Parking
- 5 Car Detached Garage
- Garage Door Opener
- Driveway
- Off-Street Parking
Home Design
- Cape Cod Architecture
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 2,835 Sq Ft Home
- 1.5-Story Property
- Open Floorplan
- Ceiling Fan
- Wood Burning Fireplace
- Great Room
- Living Room with Fireplace
- Crawl Space
- Home Security System
Kitchen
- Breakfast Bar
- Laminate Countertops
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- In-Law or Guest Suite
- Double Vanity
- Bathtub with Shower
- Separate Shower
Laundry
- Laundry on main level
- Electric Dryer Hookup
Outdoor Features
- Sun Deck
- Waterski or Wakeboard
- Seawall
- Lake Property
- Lake, Pond or Stream
Schools
- North Webster Elementary School
- Wawasee Middle School
- Wawasee High School
Utilities
- Central Air
- Heating System Uses Gas
- Private Company Owned Well
- Well
Community Details
- Pier or Dock
Listing and Financial Details
- Assessor Parcel Number 43-04-24-400-129.000-025
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 29, 2023
Sold by
Groover Robert
Bought by
Groover Robert and Groover Jodi
Total Days on Market
25
Current Estimated Value
Purchase Details
Closed on
Dec 26, 2019
Sold by
Groover Robert
Bought by
Groover Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
3.72%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 27, 2019
Closed on
Apr 23, 2019
Sold by
French Michele W and French Frank R
Bought by
Groover Robert and Groover Taya
Seller's Agent
Lynn Reecer
Reecer Real Estate Advisors
Buyer's Agent
Leslie Ferguson
Regan & Ferguson Group
List Price
$1,399,900
Sold Price
$1,300,000
Premium/Discount to List
-$99,900
-7.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$975,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Similar Homes in Syracuse, IN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Groover Robert | -- | Fidelity National Title | |
| Groover Robert | -- | None Available | |
| Groover Robert | $1,300,000 | Metropolitan Title Of In Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Groover Robert | $1,814,000 | |
| Previous Owner | Groover Robert | $1,113,000 | |
| Previous Owner | Groover Robert | $975,000 | |
| Previous Owner | Groover Robert | $150,000 | |
| Previous Owner | Groover Robert | $975,000 | |
| Previous Owner | Groover Robert | $150,000 | |
| Previous Owner | French Frank R | $250,000 | |
| Previous Owner | French Frank R | $185,000 | |
| Previous Owner | Thrapp Gary D | $225,000 | |
| Previous Owner | Thrapp Gary D | $7,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2019 04/23/19 | Sold | $1,300,000 | -7.1% | $459 / Sq Ft |
| 03/24/2019 03/24/19 | Pending | -- | -- | -- |
| 02/27/2019 02/27/19 | For Sale | $1,399,900 | -- | $494 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,351 | $1,092,700 | $934,400 | $158,300 |
| 2023 | $6,903 | $1,187,900 | $859,200 | $328,700 |
| 2022 | $6,406 | $1,044,400 | $747,500 | $296,900 |
| 2021 | $5,066 | $847,100 | $638,100 | $209,000 |
| 2020 | $4,307 | $793,000 | $615,300 | $177,700 |
| 2019 | $4,912 | $812,500 | $638,100 | $174,400 |
| 2018 | $7,385 | $812,500 | $638,100 | $174,400 |
| 2017 | $7,548 | $812,800 | $638,100 | $174,700 |
| 2016 | $6,580 | $812,800 | $638,100 | $174,700 |
| 2014 | $7,155 | $799,000 | $638,100 | $160,900 |
| 2013 | $7,155 | $789,900 | $638,100 | $151,800 |
Source: Public Records
Agents Affiliated with this Home
-
Lynn Reecer
Seller's Agent in 2019
Lynn Reecer
Reecer Real Estate Advisors
(260) 434-5750
347 Total Sales
-
Leslie Ferguson
Buyer's Agent in 2019
Leslie Ferguson
Regan & Ferguson Group
(260) 312-8294
344 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 201906556
APN: 43-04-24-400-129.000-025
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