NOT LISTED FOR SALE

65 Ems B61 Ln Warsaw, IN 46582

Estimated Value: $73,000 - $426,000

4 Beds
2 Baths
1,736 Sq Ft
$174/Sq Ft Est. Value

Last Sold December 13, 2019

Last sale price $260,000 $150 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,611/month

99 Days on Market

Highlights

  • Home fronts a canal
  • Eat-In Kitchen
  • Shed
  • Lake, Pond or Stream
  • Laundry in Utility Room
  • Forced Air Heating and Cooling System

About This Home

As of December 2019

Looking for a way to spend your summers on the lake and have income? This is the property you have been waiting for. A fully rented duplex and seasonal camp ground on the channel between Little Barbee and Big Barbee Lake. Each tenant pays their own utilities including sewer and each has a pier space. This property has so many possibilities and produces a nice income as is. Each unit of the duplex has 2 bedrooms, 1 bath and laundry hookup. The seasonal camp ground has 14 rented spaces for RVs or mobile homes . This property also has it's own boat ramp and approximately 174 feet of channel frontage. This property has potential and zoning for 5 more duplexes. This is a must see! All tenants have tenant rights. Personal property (trailers, RV's most sheds) of renters is not included.

Last Agent to Sell the Property

Sandy Hatcher

Coldwell Banker Real Estate Group Listed on: 06/04/2019

Coldwell Banker Real Estate Group

Last Buyer's Agent

CATHY J. GURTNER

COLLINS and CO REALTORS - PLYMOUTH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,743

Year Built

  • Built in 1993

Lot Details

  • 2.04 Acre Lot
  • Lot Dimensions are 286x195x193x163x114x175
  • Home fronts a canal
  • Irregular Lot

Home Design

  • Duplex
  • Slab Foundation
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Water Views
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry in Utility Room

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Seawall
  • Lake, Pond or Stream
  • Shed

Schools

  • North Webster Elementary School
  • Wawasee Middle School
  • Wawasee High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Shared Well
  • Well
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating, lawn maintenance, sewer
  • The owner pays for maintenance, snow removal, trash collection
  • Assessor Parcel Number 43-08-28-100-054.000-023

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $25
  • Insurance Expense $1,400
  • Maintenance Expense $400
  • Trash Expense $520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,743

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1993
  • Age: 26
  • Style: One Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 5-109-227.BB PT W 1/2 N 1/2 NE 28-33-7 .65A 5-109-230 TR NE 28-33-7 1.16A
  • Parcel Number ID: 43-08-28-100-054.000-023
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Available, Cable Ready, Countertops-Laminate, Deck Open, Detector-Smoke, Eat-In Kitchen, Water Heater Gas
  • Grid: 15 - Central Kosc. Water
  • Parcel Id2: 430828100562000023
  • Road Access: County
  • Road Surface: Gravel
  • Sp Lp Percent: 89.66
  • Monthly Gross Income: 2875
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 1736
  • Total Finished Sq Ft: 1736
  • Above Grade Finished Sq Ft: 1736
  • Price Per Sq Ft: 149.77
  • Basement Foundation: Crawl, Slab
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1736
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Channel Canal Frontage: 174
  • Lake Type: Access to Ski Lake
  • Sea Wall Type: Concrete
  • Water Name: Little Barbee Lake
  • Stories: 1
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 156

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 4
  • Parking: Gravel

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Regional
  • Water Utilities: Well
  • Cable Company: Mediacom
  • Water Type: Lake
  • Well Type: Shared
  • Annual Electric: 25
  • Annual Insurance Expense: 1400
  • Annual Maintenance Expense: 400
  • Annual Trash Expense: 520
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2

Schools

  • School District: Wawasee
  • Elementary School: North Webster
  • Middle School: Wawasee
  • High School: Wawasee
  • Elementary School: North Webster

Lot Info

  • Lot Description: Irregular, Water View
  • Lot Dimensions: 286X195X193X163X114X175
  • Estimated Lot Sq Ft: 88862
  • Estimated Lot Size Acres: 2.04

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Maintenance, Snow Removal, Trash Collection
  • Tenant Pays: Cable, Cooling, Electric, Heating, Lawn Maintenance, Sewer

Multi Family

  • Water Access: Channel Front/Canal
  • Gross Monthly Rent: 2875
  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2743.22

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2022
Sold by
Mrowczynski Warren T
Bought by
Golub James and Golub Susan L
Current Estimated Value
$302,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$194,563
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$82,225

Purchase Details

Listed on
Jun 4, 2019
Closed on
Dec 13, 2019
Sold by
Welker Diana J and Welker David L
Bought by
Heart Of Barbee Resort Llc
Seller's Agent
Sandy Hatcher
Coldwell Banker Real Estate Group
Buyer's Agent
CATHY J. GURTNER
COLLINS and CO REALTORS - PLYMOUTH
List Price
$290,000
Sold Price
$260,000
Premium/Discount to List
-$30,000
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.09%
Original Mortgage
$208,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 14, 2000
Sold by
Welker David L and Tbe Diana J
Bought by
Welker David L and Welker Diana J Tbe
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
Golub James -- Metropolitan Title
Heart Of Barbee Resort Llc -- None Available
Welker David L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Golub James $200,000
Previous Owner Heart Of Barbee Resort Llc $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $260,000 -10.3% $150 / Sq Ft
12/13/2019 12/13/19 For Sale $290,000 +11.5% $167 / Sq Ft
12/05/2019 12/05/19 Off Market $260,000 -- --
06/04/2019 06/04/19 For Sale $290,000 -- $167 / 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 $100 $100 $0
2023 $1 $100 $100 $0
2022 $1,982 $195,900 $58,700 $137,200
2021 $1,669 $159,600 $50,300 $109,300
2020 $1,469 $147,000 $46,100 $100,900
2019 $1,399 $142,100 $46,100 $96,000
2018 $1,264 $140,400 $46,100 $94,300
2017 $1,244 $135,300 $46,100 $89,200
2016 $998 $125,300 $45,800 $79,500
2014 $1,070 $122,000 $45,800 $76,200
2013 $1,070 $121,700 $45,800 $75,900
Source: Public Records

Agents Affiliated with this Home

  • Sandy Hatcher

    Seller's Agent in 2019

    Sandy Hatcher

    Coldwell Banker Real Estate Group

    (574) 268-3400

    52 Total Sales

    Sandy Hatcher
    Section Image

  • C

    Buyer's Agent in 2019

    CATHY J. GURTNER

    COLLINS and CO REALTORS - PLYMOUTH

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201925577

Indiana Regional MLS

APN: 43-08-28-100-054.000-023

Indiana Kosciusko County Warsaw 46582

65 Ems B61 Ln, Warsaw, IN

This home is located at 65 Ems B61 Ln, Warsaw, IN 46582 since 04 June 2019 and is currently estimated at $302,309, approximately $174 per square foot. This property was built in 1993. 65 Ems B61 Ln is a home located in Kosciusko County with nearby schools including Wawasee High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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