NOT LISTED FOR SALE

12581 N Rainey Rd E Syracuse, IN 46567

Estimated Value: $337,000 - $530,000

2 Beds
1 Bath
928 Sq Ft
$468/Sq Ft Est. Value

Last Sold December 03, 2015

Last sale price $97,375 $105 Per Sq Ft

Est. 346% increase in value since last sale

Current estimated payment $2,525/month

Highlights

  • Pier or Dock
  • Lake Property
  • 2 Car Detached Garage
  • Home fronts a canal
  • Ranch Style House
  • Forced Air Heating and Cooling System

About This Home

As of October 2018

Lake Wawasee has over 3,000 acres of all-sports recreation. Hotels, marinas, gas stations, public beaches, restaurants and bars, entertainment and even a Sunday morning floating church service can be found on Indiana's largest natural lake. Located in North Central Indiana just 2.5 hours from Chicago, less than 3 hours from Indianapolis and 1 hour from Ft. Wayne. 2 Bedroom, 1 bath 928 square foot home on 290 foot peninsula channel lot with boat slip and detached 2 car garage. Home details: Built in 1938, updated in the 1980's, the enclosed porch was opened up and finished off as a 4 season room with stone fireplace and pass through window to the kitchen. Tongue and groove wood ceilings. Open kitchen and dinette, water views from every window. Gas forced HVAC. Detached 2 car garage has a 2 season screened porch with lake views. Level lot with parking for 6+ cars. Rare boat slip (Grandfathered) is 10.5' wide and 12.5' long. Lot sits at the end of a peninsula surrounded on 3 sides by 290' of water. Less than 200' from All-Sports Lake Wawasee via a wide, deep very clean channel under 2 footbridges with over a 70” clearance (pontoons fit), 4” well and community sewer.

Last Agent to Rent the Property

Diane Blake

Blake Realty Listed on: 09/29/2018

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1938

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 130x75
  • Home fronts a canal
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Stone Driveway

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 928 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Block Basement Construction
  • Crawl Space

Outdoor Features

  • Waterski or Wakeboard
  • Seawall
  • Lake Property
  • Lake, Pond or Stream

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well

Community Details

  • Pier or Dock

Listing and Financial Details

  • Security Deposit $1,000
  • Tenant pays for cooling, deposits, electric, heating, lawn maintenance, sewer, snow removal, trash collection, cable
  • The owner pays for association dues, tax
  • Assessor Parcel Number 43-04-09-100-198.000-025

Home Details

Home Type

Single Family

Year Built

Built in 1938

Lot Details

9,583 Sq Ft Lot

Parking

2

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Association Dues, Tax
  • Tenant Pays: Cooling, Deposits, Electric, Heating, Lawn Maintenance, Sewer, Snow Removal, Trash Collection, Cable
  • Pet Fee: 500
  • Security Deposit: 1000

Listing Details

  • Class: RESIDENTIAL FOR LEASE
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1938
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Lot 19 & 20 & Pt Vac Easement Raineys Court |
  • Parcel Number ID: 43-04-09-100-198.000-025
  • Location: Lake
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 928
  • Total Finished Sq Ft: 928
  • Above Grade Finished Sq Ft: 928
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Laminate
  • Living Great Room: Dimensions: 19x15, On Level: Main
  • Kitchen: Dimensions: 11x12, On Level: Main
  • Den: Dimensions: 12x7, On Level: Main
  • Bedroom 1: Dimensions: 11x10, On Level: Main
  • Bedroom 2: Dimensions: 10x10, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Roof Material: Shingle
  • Outbuilding1: None
  • Lake Type: Ski Lake
  • Outbuilding2: None
  • Sea Wall Type: Concrete
  • Water Features: Pier/Dock
  • Water Name: Lake Wawasee

Garage/Parking

  • Driveway: Stone
  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: Well
  • Water Type: Lake
  • Well Type: Private

Condo/Co-op/Association

  • Pet Restrictions: Yes

Lot Info

  • Lot Description: Level, Waterfront
  • Lot Dimensions: 130x75
  • Estimated Lot Sq Ft: 9583
  • Estimated Lot Size Acres: 0.22

Multi Family

  • Water Access: Channel Front/Canal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2015
Closed on
Dec 3, 2015
Sold by
Lambert Dorothy A
Bought by
Palermo Alex
Seller's Agent
Tim McCulloch
Scheerer McCulloch Real Estate
Buyer's Agent
Tim McCulloch
Scheerer McCulloch Real Estate
List Price
$97,375
Sold Price
$97,375
Current Estimated Value
$434,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,361
Avg. Annual Appreciation
15.63%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Palermo Alex $95,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/14/2018 10/14/18 Rented $1,000 0.0% --
09/29/2018 09/29/18 For Rent $1,000 0.0% --
12/03/2015 12/03/15 Sold $97,375 0.0% $105 / Sq Ft View Prior Sale
10/25/2015 10/25/15 Pending -- -- --
10/19/2015 10/19/15 For Sale $97,375 -- $105 / Sq Ft
Source: Indiana Regional MLS

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
2025 $3,158 $414,300 $272,800 $141,500
2024 $3,158 $354,300 $231,500 $122,800
2023 $3,093 $340,100 $222,100 $118,000
2022 $2,771 $302,700 $202,600 $100,100
2021 $2,316 $250,700 $171,400 $79,300
2020 $2,034 $240,200 $167,500 $72,700
2019 $2,264 $237,400 $167,500 $69,900
2018 $2,159 $237,200 $167,500 $69,700
2017 $2,151 $231,300 $175,000 $56,300
2016 $1,845 $227,500 $170,900 $56,600
2014 $917 $221,800 $170,900 $50,900
2013 $917 $212,300 $159,200 $53,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201844127

Indiana Regional MLS

APN: 43-04-09-100-198.000-025

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