NOT LISTED FOR SALE

18 Fairlane Dr Warsaw, IN 46580

Estimated Value: $448,000 - $521,683

3 Beds
2 Baths
1,680 Sq Ft
$291/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $525,000 $312 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,944/month

6 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Primary Bedroom Suite
  • Lake Property
  • Lincoln Elementary School Rated A-
  • Open Floorplan
  • Vaulted Ceiling

About This Home

As of June 2024

**Open House on Wednesday, May 29th from 5 -7 PM** Experience the pinnacle of lakeside living with this charming three-bedroom, two-bathroom home, perfectly situated on the channel just off Winona Lake. Step into an inviting open concept layout from the maintenance-free front deck. The seamless flow between the kitchen, dining area, and living space is designed for comfort and functionality. Vaulted ceilings and abundant natural light enhance the spacious feel, while water views provide a picturesque backdrop. The star of this home is its easy access to the gorgeous lakeside patio. Perfect for both relaxation and entertaining, this outdoor space allows you to soak in the stunning views and enjoy the tranquility of lakefront living. Practicality meets style with ample storage options, including an attached two-car garage and a bonus storage area. These spaces are ideal for keeping your lake toys, lawn care equipment, and other essentials neatly organized and easily accessible. Located on Warsaw's premiere lake, this home offers the best of both worlds—a peaceful retreat with convenient access to all the amenities and activities that Winona Lake and the surrounding area have to offer. Don’t miss the chance to own this beautiful lake home on Winona Lake. Schedule your private tour today!

Last Agent to Sell the Property

Sally Bailey

Coldwell Banker Real Estate Group Brokerage Phone: 574-527-1425 Listed on: 05/22/2024

Coldwell Banker Real Estate Group

Last Buyer's Agent

Angie Jarrett

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,270

Year Built

  • Built in 1961

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 100x130
  • 100 Feet of Waterfront
  • Home fronts a canal
  • Backs to Open Ground
  • Landscaped
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Ranch Style House
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Water Views
  • Crawl Space
  • Laundry on main level

Kitchen

  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Separate Shower

Outdoor Features

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

Schools

  • Lincoln Elementary School
  • Lakeview Middle School
  • Warsaw High School

Utilities

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

Community Details

  • Fair Lane / Fairlane Subdivision
  • Community Fire Pit

Listing and Financial Details

  • Assessor Parcel Number 43-11-16-400-248.000-032

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,270

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1961
  • Age: 63
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 4-74-21 LOT 18 FAIRLANE SD 1
  • Parcel Number ID: 43-11-16-400-248.000-032
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Ceilings-Vaulted, Countertops-Laminate, Disposal, Firepit, Garage Door Opener, Landscaped, Open Floor Plan, Patio Open, Porch Open, Stand Up Shower, Main Level Bedroom Suite, Main Floor Laundry
  • Location: Lake
  • Road Access: City
  • Road Surface: Paved
  • Sp Lp Percent: 111.73
  • Year Taxes Payable: 2024
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1680
  • Total Finished Sq Ft: 1680
  • Above Grade Finished Sq Ft: 1680
  • Price Per Sq Ft: 312.5
  • Basement Foundation: Crawl
  • Flooring: Carpet, Tile
  • Living Great Room: Dimensions: 17x15, On Level: Main
  • Kitchen: Dimensions: 12x12, On Level: Main
  • Dining Room: Dimensions: 15x10, On Level: Main
  • Family Room: Dimensions: 20x13, On Level: Main
  • Bedroom 1: Dimensions: 13x12, On Level: Main
  • Bedroom 2: Dimensions: 14x12, On Level: Main
  • Bedroom 3: Dimensions: 11x10, On Level: Main
  • Main Level Sq Ft: 1680
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: Shed, Dimensions: 8x6
  • Channel Canal Frontage: 100
  • Lake Type: Ski Lake
  • Sea Wall Type: Concrete
  • Water Frontage: 100
  • Water Name: Winona Lake

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 28x20
  • Garage Sq Ft: 560
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: Well
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Laundry: Dimensions: Mainx3, On Level: 6
  • Water Type: Lake
  • Well Type: Private

Schools

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

Lot Info

  • Lot Description: Level, Waterfront, Lake, Water View
  • Lot Dimensions: 100x130
  • Estimated Lot Sq Ft: 13000
  • Estimated Lot Size Acres: 0.3
  • Lot Number: 18

Tax Info

  • Annual Taxes: 3269.64

Multi Family

  • Water Access: Channel Front/Canal

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2024
Closed on
May 20, 2024
Sold by
Plastow Michael T
Bought by
Linda L Burch Trust and Dennis L Burch Trust
Seller's Agent
Sally Bailey
Coldwell Banker Real Estate Group
Buyer's Agent
Angie Jarrett
Coldwell Banker Real Estate Group
List Price
$469,900
Sold Price
$525,000
Premium/Discount to List
$55,100
11.73%
Views
48
Current Estimated Value
$488,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,829
Avg. Annual Appreciation
-5.54%

Purchase Details

Listed on
Mar 9, 2019
Closed on
May 2, 2019
Sold by
Smeltzer Dean and Smeltzer Suzanne D
Bought by
Plastow Michael T
Seller's Agent
Sally Bailey
Coldwell Banker Real Estate Group
Buyer's Agent
Sally Bailey
Coldwell Banker Real Estate Group
List Price
$315,000
Sold Price
$311,000
Premium/Discount to List
-$4,000
-1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.86%
Original Mortgage
$295,450
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2016
Closed on
Jul 21, 2016
Sold by
Schope Wayne W and Schope Janice M
Bought by
Zmeltzer Dean and Smeltzer Suzanne D
Seller's Agent
Kathy Hamman
RE/MAX Results- Warsaw
Buyer's Agent
Sally Bailey
Coldwell Banker Real Estate Group
List Price
$267,000
Sold Price
$260,000
Premium/Discount to List
-$7,000
-2.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$208,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 1997
Sold by
Guyer Betty J Trust
Bought by
Schope Wayne W and Schope Janice M
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
Linda L Burch Trust $525,000 None Listed On Document
Plastow Michael T -- Metropolitan Title Of In Llc
Zmeltzer Dean -- Attorney
Schope Wayne W $118,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Plastow Michael T $286,000
Previous Owner Plastow Michael T $295,450
Previous Owner Zmeltzer Dean $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $525,000 +11.7% $313 / Sq Ft
06/03/2024 06/03/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $469,900 +51.1% $280 / Sq Ft
05/21/2019 05/21/19 Sold $311,000 -1.3% $185 / Sq Ft
03/09/2019 03/09/19 Pending -- -- --
03/09/2019 03/09/19 For Sale $315,000 +21.2% $188 / Sq Ft
07/21/2016 07/21/16 Sold $260,000 -2.6% $155 / Sq Ft
07/17/2016 07/17/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $267,000 -- $159 / 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 $3,412 $329,500 $104,900 $224,600
2023 $3,270 $311,400 $99,000 $212,400
2022 $2,857 $270,900 $89,100 $181,800
2021 $2,578 $248,900 $89,100 $159,800
2020 $2,453 $237,000 $89,100 $147,900
2019 $2,236 $216,200 $89,100 $127,100
2018 $2,315 $216,200 $89,100 $127,100
2017 $2,227 $207,600 $89,100 $118,500
2016 $2,175 $202,400 $89,100 $113,300
2014 $1,999 $197,300 $89,100 $108,200
2013 $1,999 $197,300 $89,100 $108,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202418511

Indiana Regional MLS

APN: 43-11-16-400-248.000-032