NOT LISTED FOR SALE

523 E Lake View Rd Syracuse, IN 46567

Estimated Value: $447,000 - $620,000

3 Beds
1 Bath
960 Sq Ft
$525/Sq Ft Est. Value

Last Sold December 23, 2024

Last sale price $465,000 $484 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,815/month

5 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Lake Property
  • Central Air
  • Pier or Dock
  • 1-Story Property
  • Waterski or Wakeboard

About This Home

As of December 2024

Make Memories In Historic Oakwood Park On The Shores Of Wawasee Charming Lake Cottage! Historic cabin in Oakwood Park with an unbeatable ambiance, spectacular sunsets, and all of the lakefront action or serenity you could want. 3 bedrooms, one bathroom, open concept kitchen and living area with an unbeatable channel front yard with views of the Wawasee Area Conservancy Foundation land, bringing wildlife and recreation activities to your door. Professional landscaping, access to the best of Wawasee, watercraft docking, a setting for memories that will last a lifetime, premium toiletries, and a great community; walk, run, drive, bike, or boat wherever your next adventure takes you. Find yourself in the middle of everything and away from it all at the same time. Includes access to association Oakwood pier/beach. The perfect sanctuary for weddings, family getaways, nights out on the town, or whatever you need. Memories, food and fun all in one place, enjoy the quintessential cottage getaway with your family and friends. This cottage perfect for getaways, long weekends, year round living, or anything else that brings you to the lake. Sit back, relax, and get ready to make some memories that will last a lifetime.

Last Agent to Sell the Property

Angie Racolta

Encore Sotheby's International Realty Brokerage Email: angie.racolta@thergroupteam.com Listed on: 11/13/2024

Encore Sotheby's International Realty

Last Buyer's Agent

Angie Racolta

Encore Sotheby's International Realty Brokerage Email: angie.racolta@thergroupteam.com Listed on: 11/13/2024

Encore Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,867

Year Built

  • Built in 1940

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 46 x 170
  • 50 Feet of Waterfront
  • Home fronts a canal

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Cabin
  • Vinyl Construction Material

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Water Views
  • Crawl Space
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

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

Location

  • Suburban Location

Schools

  • Syracuse Elementary School
  • Wawasee Middle School
  • Wawasee High School

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 43-04-08-200-360.000-026

Community Details

Overview

  • Peach Point At Oakwood Park Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,867

Year Built

Built in 1940

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1940
  • Style: One Story
  • Architectural Style: Cabin/Cottage
  • Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: 008-032-033 LOT 21 PEACH POINT AT OAKWOOD PARK
  • Parcel Number ID: 43-04-08-200-360.000-026
  • Platted: Yes
  • Amenities: Deck Open, Detector-Smoke
  • Location: City/Town/Suburb, Lake
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 960
  • Total Finished Sq Ft: 960
  • Above Grade Finished Sq Ft: 960
  • Basement Foundation: Crawl
  • Flooring: Laminate
  • Living Great Room: Dimensions: 25x12, On Level: Main
  • Kitchen: Dimensions: 15x12, On Level: Main
  • Dining Room: Dimensions: 12x18, On Level: Main
  • Bedroom 1: Dimensions: 12x16, On Level: Main
  • Bedroom 2: Dimensions: 10x15, On Level: Main
  • Bedroom 3: Dimensions: 9x8, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: Garden Shed, Dimensions: 10x10
  • Lake Type: Ski Lake
  • Water Features: Pier/Dock
  • Water Frontage: 50
  • Water Name: Lake Wawasee

Garage/Parking

  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: Regional
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Cable Company: Mediacom
  • Water Type: Lake

Condo/Co-op/Association

  • Association Fees: 200
  • Association Fees Frequency: Annually

Schools

  • Elementary School: Syracuse

Lot Info

  • Lot Description: Waterfront, Water View
  • Lot Dimensions: 46 X 170
  • Estimated Lot Sq Ft: 7841
  • Estimated Lot Size Acres: 0.18

Tax Info

  • Annual Taxes: 2866.63

Multi Family

  • Water Access: Channel Front/Canal

MLS Schools

  • High School: Wawasee
  • Middle School: Wawasee
  • School District: Wawasee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2024
Closed on
Dec 20, 2024
Sold by
Cox Ryan and Lin Cynthia
Bought by
Geshay Jay H and Geshay Susan M
Seller's Agent
Angie Racolta
Encore Sotheby's International Realty
Buyer's Agent
Angie Racolta
Encore Sotheby's International Realty
List Price
$495,000
Sold Price
$465,000
Premium/Discount to List
-$30,000
-6.06%
Views
2
Current Estimated Value
$504,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,021
Avg. Annual Appreciation
7.82%
Original Mortgage
$372,000
Outstanding Balance
$368,397
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$135,624

Purchase Details

Closed on
Jul 27, 2020
Sold by
Osborn Avilla Indiana Gary
Bought by
Cox Ryan and Lin Cynthia

Purchase Details

Listed on
Mar 14, 2019
Closed on
Jun 11, 2019
Sold by
Osborn Cody H and Osborn Gary K
Bought by
Osborn Gary K
Seller's Agent
Tam Smith
Steffen Realty
Buyer's Agent
Tam Smith
Steffen Realty
List Price
$199,000
Sold Price
$173,000
Premium/Discount to List
-$26,000
-13.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.14%

Purchase Details

Listed on
Mar 14, 2019
Closed on
Apr 17, 2019
Sold by
Chorpenning Russell B
Bought by
Osborn Cody and Osborn Gary
Seller's Agent
Tam Smith
Steffen Realty
Buyer's Agent
Tam Smith
Steffen Realty
List Price
$199,000
Sold Price
$173,000
Premium/Discount to List
-$26,000
-13.07%
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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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
Geshay Jay H $465,000 Metropolitan Title
Cox Ryan -- None Available
Osborn Gary K -- None Available
Osborn Cody $173,000 Fidelity National Title Compan
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geshay Jay H $372,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/23/2024 12/23/24 Sold $465,000 -6.1% $484 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
11/13/2024 11/13/24 For Sale $495,000 +186.1% $516 / Sq Ft
04/17/2019 04/17/19 Sold $173,000 -13.1% $180 / Sq Ft View Prior Sale
04/05/2019 04/05/19 Pending -- -- --
03/14/2019 03/14/19 For Sale $199,000 -- $207 / 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 $1,955 $236,500 $152,600 $83,900
2023 $1,865 $227,300 $146,700 $80,600
2022 $1,820 $201,800 $133,400 $68,400
2021 $1,325 $156,300 $109,400 $46,900
2020 $1,280 $152,100 $106,700 $45,400
2019 $2,926 $150,300 $106,700 $43,600
2018 $2,806 $147,500 $106,700 $40,800
2017 $2,356 $122,700 $97,400 $25,300
2016 $2,129 $122,700 $97,400 $25,300
2014 $2,090 $116,300 $93,400 $22,900
2013 $2,090 $119,900 $96,100 $23,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202446494

Indiana Regional MLS

APN: 43-04-08-200-360.000-026