NOT LISTED FOR SALE

5830 E Island Ave Syracuse, IN 46567

Estimated Value: $592,000 - $770,483

5 Beds
3 Baths
420 Sq Ft
$1,609/Sq Ft Est. Value

Last Sold May 05, 2017

Last sale price $353,000 $840 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,212/month

24 Days on Market

Highlights

  • 1,551 Feet of Waterfront
  • Enclosed patio or porch
  • In-Law or Guest Suite
  • Lake Property
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of May 2017

This Island Home sits on an almost 2-acre private island on a large channel just off of Lake Wawasee, with a lake view. Lake Wawasee is Indiana's largest natural lake with over 3500 acres of water and 25 miles of shoreline. The lake life here can be both peaceful and full of opportunities for fun. All year round the changing vegetation and wildlife, and the magnificent sunrises and sunsets over the water, will remind you over and over again how life on the lake is truly a wonderful experience. It is being sold AS IS, recently unfinished (2525 sq ft), and ready for a buyer's choices for updates. With 3 bedrooms and 2 full baths, it has an open concept floor plan, new whole house heating and air conditioning, and a large screened-in porch. There are also new stainless steel appliances. This private island home is ready for your interior finishing selections that will truly make this uniquely yours. The additional building on the island is a guest house with 2 additional bedrooms and a full bath.

Last Agent to Sell the Property

Lynn Reecer

Reecer Real Estate Advisors Listed on: 03/15/2017

Last Buyer's Agent

Lynn Reecer

Reecer Real Estate Advisors Listed on: 03/15/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,138

Year Built

  • Built in 1950

Lot Details

  • 1.72 Acre Lot
  • 1,551 Feet of Waterfront
  • Home fronts a canal

Parking

  • 2 Car Attached Garage

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Living Room with Fireplace
  • Water Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • In-Law or Guest Suite

Basement

  • Sump Pump
  • Crawl Space

Outdoor Features

  • Waterski or Wakeboard
  • Lake Property
  • Lake, Pond or Stream
  • Enclosed patio or porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 43-04-08-200-179.000-025

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,138

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1950
  • Age: 67
  • Style: One and Half Story
  • Total Number of Rooms: 9
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 7-32-314 PT LOT 5 IN SECS 8 & 9-34-7 1.99 A
  • Parcel Number ID: 43-04-08-200-179.000-025
  • Platted: Yes
  • Amenities: Guest Quarters, Porch Enclosed, Sump Pump
  • Sp Lp Percent: 88.47
  • Special Features: None

Interior Features

  • Total Sq Ft: 2945
  • Total Finished Sq Ft: 420
  • Above Grade Finished Sq Ft: 420
  • Above Grade Unfinished Sq Ft: 2525
  • Basement Foundation: Crawl
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm
  • Living Great Room: Dimensions: 20x25, On Level: Main
  • Kitchen: Dimensions: 10x15, On Level: Main
  • Dining Room: Dimensions: 11x14, On Level: Main
  • Extra Room: Porch, Dimensions: 12x27, On Level: Main
  • Bedroom 1: Dimensions: 13x21, On Level: Upper
  • Bedroom 2: Dimensions: 12x19, On Level: Upper
  • Bedroom 3: Dimensions: 15x16, On Level: Upper
  • Bedroom 4: Dimensions: 11x12, On Level: Main
  • Bedroom 5: Dimensions: 11x12, On Level: Main
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None
  • Channel Canal Frontage: 1551
  • Lake Type: Ski Lake
  • Water Frontage: 1551
  • Water Name: Lake Wawasee

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 28x29
  • Garage Sq Ft: 812

Utilities

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

Schools

  • School District: Wawasee
  • Elementary School: Syracuse
  • Middle School: Wawasee
  • High School: Wawasee

Lot Info

  • Lot Description: Waterfront, Lake, Water View, Waterfront-Level Bank
  • Lot Dimensions: 75000
  • Estimated Lot Sq Ft: 75000
  • Estimated Lot Size Acres: 1.72
  • Zoning: A Single Family Residential

Tax Info

  • Annual Taxes: 3138

Multi Family

  • Water Access: Channel Front/Canal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2017
Closed on
May 5, 2017
Sold by
Carolyn Carter
Bought by
Randall Pollen
Seller's Agent
Lynn Reecer
Reecer Real Estate Advisors
Buyer's Agent
Lynn Reecer
Reecer Real Estate Advisors
List Price
$399,000
Sold Price
$353,000
Premium/Discount to List
-$46,000
-11.53%
Total Days on Market
24
Current Estimated Value
$675,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,621
Avg. Annual Appreciation
8.33%
Original Mortgage
$264,750
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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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
Randall Pollen $353,000 --
Kubl Cory $353,000 Metropolitan Title Of Indiana
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kuhl Cory $329,000
Closed Kubl Cory $264,750
Closed Kuhl Cory $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2017 05/05/17 Sold $353,000 -11.5% $840 / Sq Ft
04/08/2017 04/08/17 Pending -- -- --
03/15/2017 03/15/17 For Sale $399,000 -- $950 / 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 $5,203 $577,900 $289,500 $288,400
2023 $5,049 $555,400 $278,100 $277,300
2022 $4,406 $484,400 $249,200 $235,200
2021 $3,629 $395,800 $210,900 $184,900
2020 $3,222 $383,800 $201,200 $182,600
2019 $3,588 $376,500 $201,200 $175,300
2018 $3,325 $365,500 $201,200 $164,300
2017 $3,416 $367,600 $218,400 $149,200
2016 $2,979 $367,600 $218,400 $149,200
2014 $3,068 $342,600 $207,200 $135,400
2013 $3,068 $354,000 $212,800 $141,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201710828

Indiana Regional MLS

APN: 43-04-08-200-179.000-025