NOT LISTED FOR SALE

1061 Chapman Lake Dr Warsaw, IN 46582

Estimated Value: $451,000 - $552,000

2 Beds
1 Bath
1,410 Sq Ft
$363/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $443,000 $314 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,000/month

173 Days on Market

Highlights

  • 96 Feet of Waterfront
  • Pier or Dock
  • Lake Property
  • Warsaw Community High School Rated A-
  • Primary Bedroom Suite
  • Community Fire Pit

About This Home

As of February 2023

This well maintained, all brick, year-round home is ready for new owners to enjoy all that Chapman Lakes have to offer! With 2-4 bedrooms, this home on 2.5 lots on Big Chapman Lake is bigger than it seems. 96' of concrete seawall looks out over 504 acres of full recreational water with access to Little Chapman Lake - a 134 acre wake limit lake. Both lakes are known for good fishing and being in the top rated lakes in Indiana for cleanliness. Open floor plan consisting of a large kitchen with plenty of storage and counter space. Kitchen connects to the entrance into the garage and into the dining room, leading into the large living room with fireplace and great views of the lake. Access off living room for the covered porch and open patio, great for grilling and enjoying the water views and beautiful sunsets. 2 generous sized bedrooms, laundry and full bath complete the main level. 2020: roof, all flooring (vinyl plank), paint, 200 Amp electric upgrade, interior ceiling lights, exterior lighting, bathroom vanity and shiplap, new dishwasher, landscaping, and landscaping rocks. 2018-2019: electric water heater, dishwasher, disposal, garage door opener, 2 primary and 2 battery back-up sump pumps. New central air unit 2022. EverDry system installed in the basement with transferable warranty. 2020: New stainless steel kitchen appliances, washer, and dryer. Attached 1 car garage, full basement, newer pier and ladder, sandy bottom, large lot approximately 136' x 96'.

Last Agent to Sell the Property

Marissa Earls

RE/MAX Real Estate Groups Listed on: 08/05/2022

RE/MAX Real Estate Groups

Last Buyer's Agent

Brian Peterson

Brian Peterson Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,464

Year Built

  • Built in 1948

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 136 x 96
  • 96 Feet of Waterfront
  • Lake Front
  • Landscaped
  • Level Lot

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Metal Roof

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Vinyl Flooring
  • Water Views
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • 1 Full Bathroom
  • Bathtub with Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Natural lighting in basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Sun Deck
  • Waterski or Wakeboard
  • Seawall
  • Lake Property
  • Lake, Pond or Stream
  • Covered Deck
  • Porch

Schools

  • Leesburg Elementary School
  • Lakeview Middle School
  • Warsaw High School

Utilities

  • Forced Air Heating and Cooling System
  • SEER Rated 13+ Air Conditioning Units
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 43-07-25-300-176.000-016

Community Details

Recreation

  • Pier or Dock

Additional Features

  • Elmhurst Park Subdivision
  • Community Fire Pit

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,464

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1948
  • Age: 75
  • Style: One Story
  • Total Number of Rooms: 9
  • Total Number of Rooms Below Grade: 3
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 029-099-041.B Lots 21, 22, & Pt 23 Elmhurst Park
  • Parcel Number ID: 43-07-25-300-176.000-016
  • Platted: Yes
  • Amenities: Built-in Desk, Ceiling Fan(s), Countertops-Laminate, Deck Covered, Deck Open, Deck on Waterfront, Detector-Carbon Monoxide, Detector-Smoke, Disposal, Eat-In Kitchen, Firepit, Garage Door Opener, Landscaped, Porch Open, Six Panel Doors, Tub/Shower Combination, Main Level Bedroom Suite, Main Floor Laundry, Sump Pump
  • Location: Lake
  • Sp Lp Percent: 95.27
  • Year Taxes Payable: 2022
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2700
  • Total Finished Sq Ft: 1410
  • Above Grade Finished Sq Ft: 1410
  • Below Grade Sq Ft: 1290
  • Price Per Sq Ft: 314.18
  • Basement: Yes
  • Basement Foundation: Daylight, Full Basement, Unfinished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl
  • Living Great Room: Dimensions: 25x15, On Level: Main
  • Kitchen: Dimensions: 17x11, On Level: Main
  • Dining Room: Dimensions: 11x10, On Level: Main
  • Recreation Room: On Level: Basement
  • Bedroom 1: Dimensions: 13x12, On Level: Main
  • Bedroom 2: Dimensions: 12x12, On Level: Main
  • Main Level Sq Ft: 1410
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 1290

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt, Metal, Shingle
  • Outbuilding1: Shed, Dimensions: 14x10
  • Lake Type: Ski Lake
  • Sea Wall Type: Concrete
  • Water Features: Pier/Dock
  • Water Frontage: 96
  • Water Name: Big Chapman Lake

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 20x14
  • Garage Sq Ft: 280
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Private
  • Water Utilities: Well
  • Electric Company: REMC
  • Gas Company: NIPSCO
  • Hvac: HVAC (13 Seer)
  • Laundry: Dimensions: Mainx3, On Level: 6
  • Water Type: Lake
  • Well Type: Private

Schools

  • School District: Warsaw Community
  • Elementary School: Leesburg
  • Middle School: Lakeview
  • High School: Warsaw
  • Elementary School: Leesburg

Lot Info

  • Lot Description: Level, Waterfront, Lake, Water View
  • Lot Dimensions: 136 x 96
  • Estimated Lot Sq Ft: 13056
  • Estimated Lot Size Acres: 0.3
  • Lot Number: 21

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Tax Info

  • Annual Taxes: 4463.53

Multi Family

  • Water Access: Lakefront

MLS Schools

  • High School: Warsaw
  • Middle School: Lakeview
  • School District: Warsaw Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2022
Closed on
Feb 27, 2023
Sold by
Kidd Brian A
Bought by
Akers Troy W and Akers Tracey L
Seller's Agent
Marissa Earls
RE/MAX Real Estate Groups
Buyer's Agent
Brian Peterson
Brian Peterson Real Estate
List Price
$545,000
Sold Price
$443,000
Premium/Discount to List
-$102,000
-18.72%
Views
128
Current Estimated Value
$512,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,466
Avg. Annual Appreciation
5.69%
Original Mortgage
$343,000
Outstanding Balance
$332,270
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$180,196

Purchase Details

Listed on
May 22, 2020
Closed on
Jul 31, 2020
Sold by
Runnells Wes R and Runnells Julianne
Bought by
Kidd Brian A and Kidd Michelle J
Seller's Agent
Steve Savage
RE/MAX Results
Buyer's Agent
David Blackwell
Blackwell Real Estate
List Price
$359,000
Sold Price
$354,000
Premium/Discount to List
-$5,000
-1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.08%
Original Mortgage
$300,001
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2016
Sold by
Runnells Wes
Bought by
Runnells Wes R and Runnells Julianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,900
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2014
Sold by
Leo J & Emma J Conwell Living Trust
Bought by
Runnells Wes
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Akers Troy W $443,000 --
Kidd Brian A $354,000 Fidelity National Title Compan
Runnells Wes R -- Attorney
Runnells Wes -- Heritage Parke Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akers Troy W $343,000
Previous Owner Kidd Brian A $300,001
Previous Owner Runnells Wes R $138,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2023 02/28/23 Sold $443,000 -4.7% $314 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
10/07/2022 10/07/22 Price Changed $465,000 -12.2% $330 / Sq Ft
08/26/2022 08/26/22 Price Changed $529,900 -2.8% $376 / Sq Ft
08/05/2022 08/05/22 For Sale $545,000 +54.0% $387 / Sq Ft
07/31/2020 07/31/20 Sold $354,000 -1.4% $251 / Sq Ft View Prior Sale
05/22/2020 05/22/20 For Sale $359,000 -- $255 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

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 $3,399 $513,400 $333,300 $180,100
2023 $3,126 $486,500 $316,900 $169,600
2022 $5,037 $434,400 $269,200 $165,200
2021 $4,456 $378,900 $243,700 $135,200
2020 $4,626 $381,300 $236,300 $145,000
2019 $4,140 $352,000 $217,700 $134,300
2018 $3,875 $331,000 $204,600 $126,400
2017 $3,580 $322,000 $204,600 $117,400
2016 $3,560 $293,400 $182,000 $111,400
2014 $1,653 $272,100 $185,400 $86,700
2013 $1,653 $272,900 $186,200 $86,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202232521

Indiana Regional MLS

APN: 43-07-25-300-176.000-016