NOT LISTED FOR SALE

107 Lakeview Dr Winona Lake, IN 46590

Estimated Value: $190,000 - $211,000

3 Beds
2 Baths
1,765 Sq Ft
$114/Sq Ft Est. Value

Last Sold October 28, 2020

Last sale price $132,500 $75 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,341/month

48 Days on Market

Highlights

  • Eat-In Kitchen
  • Luxury Vinyl Tile Flooring
  • Baseboard Heating
  • Lincoln Elementary School Rated A-
  • Forced Air Heating System
  • Lot Has A Rolling Slope

About This Home

As of October 2020

Investment opportunity! Affordable duplex (could be used as a single family residence) at the west edge of Winona (behind Dairy Queen). Main level offers living room, kitchen, dining room, 2 bedrooms, 1 bath, laundry hook-up, GFA heat. Currently rents for $650 per month (could be increased). Lower level offers living room, eat-in kitchen, 1 bedroom, 1 bath, EBB heat. Large lot (over three quarters of an acre) with ample parking, attached covered storage area. Gross annual income $13,800 (could be increased), tenants pay gas and electric. Seller pays: water/sewer ($1800 per year), insurance ($1500 per year), real estate taxes ($1640 per year), maintenance (approx $500 per year), lawn care ($450 per year), snow removal (approx $200 per year). NIPSCO gas & electric, city sewer, Indiana American water. Property is in decent condition and in a great location within close proximity to the Village at Winona.

Last Agent to Sell the Property

David Blackwell

Blackwell Real Estate Listed on: 09/04/2020

Last Buyer's Agent

David Blackwell

Blackwell Real Estate Listed on: 09/04/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,641

Year Built

  • Built in 1941

Lot Details

  • 0.78 Acre Lot
  • Lot Dimensions are 121x245
  • Irregular Lot
  • Lot Has A Rolling Slope

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector
  • Eat-In Kitchen

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Finished Basement

  • Walk-Out Basement
  • Block Basement Construction
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Parking

  • 6 Parking Spaces
  • Gravel Driveway
  • Dirt Driveway
  • Unpaved Parking
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, electric, fuel, heating
  • The owner pays for maintenance, sewer, trash collection, water
  • Assessor Parcel Number 431116100137000033

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Maintenance Expense $500
  • Water Sewer Expense $1,800

Additional Features

  • 2 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,641

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1941
  • Age: 79
  • Style: One Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 006-073-038.B PT OL 1 Makemson Add To Lake Lawn
  • Parcel Number ID: 431116100137000033
  • Platted: Yes
  • Amenities: Off Street Parking, Storage, Cable Available, Deck Open, Detector-Smoke, Eat-In Kitchen, Washer Hook-Up
  • Grid: 10 - Central Kosc.
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Parcel Id2: 006-718000-60
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 102.08
  • Annual Miscellaneous: 650
  • Monthly Gross Income: 1150
  • Special Features: None

Interior Features

  • Total Sq Ft: 1765
  • Total Finished Sq Ft: 1765
  • Above Grade Finished Sq Ft: 1045
  • Below Grade Finished Sq Ft: 720
  • Price Per Sq Ft: 126.79
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement, Finished
  • Basement Material: Block
  • Flooring: Carpet, Vinyl Tile
  • Main Level Sq Ft: 1045
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 720
  • Number Ttl Rooms Below Grade: 3

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Driveway: Dirt, Gravel
  • Number Of Parking Spaces: 6
  • Parking: Off Street, Unpaved

Utilities

  • Heating Fuel: Electricity, Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Cable Company: Comcast
  • Annual Insurance Expense: 1500
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1800
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Irregular, Rolling
  • Lot Dimensions: 121x245
  • Estimated Lot Sq Ft: 34112
  • Estimated Lot Size Acres: 0.7831

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Fuel, Heating

Multi Family

  • Gross Monthly Rent: 1150
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1641

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2024
Sold by
Miller Wendell E and Miller Diane F
Bought by
Hickerson Thomas and Hickerson Rosalyn
Current Estimated Value
$201,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,640
Outstanding Balance
$155,018
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$41,685

Purchase Details

Closed on
Feb 12, 2024
Sold by
Miller Diane F and Miller Wendell E
Bought by
Miller Diane F and Miller Wendell E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,640
Outstanding Balance
$155,018
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$41,685

Purchase Details

Listed on
Sep 4, 2020
Closed on
Oct 28, 2020
Sold by
Impact Investments Llc
Bought by
Miller Wendell E and Miller Diane F
Seller's Agent
David Blackwell
Blackwell Real Estate
Buyer's Agent
David Blackwell
Blackwell Real Estate
List Price
$129,800
Sold Price
$132,500
Premium/Discount to List
$2,700
2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%
Original Mortgage
$106,000
Interest Rate
2.8%
Mortgage Type
Closed End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Hickerson Thomas $195,800 None Listed On Document
Miller Diane F -- None Listed On Document
Miller Wendell E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hickerson Thomas $156,640
Previous Owner Miller Wendell E $106,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2020 10/28/20 Sold $132,500 +2.1% $75 / Sq Ft
09/04/2020 09/04/20 For Sale $129,800 -- $74 / 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 $2,898 $167,800 $34,600 $133,200
2023 $2,890 $159,000 $33,000 $126,000
2022 $2,551 $138,500 $28,600 $109,900
2021 $2,216 $115,900 $24,700 $91,200
2020 $1,708 $86,900 $19,700 $67,200
2019 $1,641 $83,800 $19,700 $64,100
2018 $1,625 $80,600 $19,700 $60,900
2017 $1,544 $80,100 $19,700 $60,400
2016 $1,556 $78,500 $19,700 $58,800
2014 $1,463 $77,600 $18,200 $59,400
2013 $1,463 $76,600 $18,200 $58,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202035790

Indiana Regional MLS

APN: 43-11-16-100-137.000-033