$230,000

708 N Lake St Warsaw, IN 46580

Estimated payment $1,460/month

Total Views 594
4 Beds
3 Baths
2,016 Sq Ft
$114 Price per Sq Ft

Highlights

  • 44 Feet of Waterfront
  • Lake Property
  • Forced Air Heating and Cooling System
  • Edgewood Middle School Rated A
  • Storm Windows
  • Ceiling Fan

About This Home

Don’t miss this rare opportunity to own a lakefront duplex on Center Lake, offering both strong rental potential and long-term value. This spaciousproperty can continue operating as an income-producing duplex or be converted back into a single-family residence, giving investors multipleoptions. The main level unit features three bedrooms, a large living room, a kitchen, and a dining area with direct access to the backyard andlakefront. Upstairs, the second unit offers two oversized bedrooms and bright living and dining spaces with beautiful lake views. A full basementprovides laundry facilities and plenty of storage, while both on-street and off-street parking add convenience for tenants. With its prime CenterLake location, versatile layout, and built-in demand for waterfront living, this property is a standout investment opportunity.

Listing Agent

Brian Peterson

Brian Peterson Real Estate Listed on: 08/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,472

Year Built

  • Built in 1910

Lot Details

  • 9,240 Sq Ft Lot
  • Lot Dimensions are 44x210
  • 44 Feet of Waterfront
  • Lake Front
  • Lot Has A Rolling Slope

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Carpet
  • Storm Windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Lake Property
  • Lake, Pond or Stream

Location

  • Suburban Location

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Homestead Exemption
  • The owner pays for sewer, trash collection
  • Assessor Parcel Number 43-11-08-400-229.000-032

Community Details

Overview

  • 2 Units
  • Hood & Britton Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,472

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Waterfront: Yes
  • Year Built: 1910
  • Age: 115
  • Style: Two Story
  • Architectural Style: Square
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 4-42-66 S 44' & STP E LOT 475 OP
  • Parcel Number ID: 43-11-08-400-229.000-032
  • Platted: Yes
  • Amenities: Ceiling Fan, Deck Open, Water Heater Gas
  • Location: City/Town/Suburb, Lake
  • Monthly Gross Income: 500
  • Year Taxes Payable: 2025
  • Special Features: None

Interior Features

  • Total Sq Ft: 3090
  • Total Finished Sq Ft: 2016
  • Above Grade Finished Sq Ft: 2016
  • Below Grade Sq Ft: 1074
  • Price Per Sq Ft: 114.09
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet
  • Main Level Sq Ft: 1074
  • Total Below Grade Sq Ft: 1074
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Lake Type: Non Ski Lake
  • Water Frontage: 44
  • Water Name: Center Lake
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: NIPSCO
  • Gas Company: NIPSCO
  • Water Company: Indiana American Water Co
  • Water Type: Lake
  • Annual Water Sewer Expense: 1200
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Rolling, Waterfront
  • Lot Dimensions: 44X210
  • Estimated Lot Sq Ft: 9240
  • Estimated Lot Size Acres: 0.21
  • Lot Number: 475

Green Features

  • Energy Efficient Windows/Doors: Storm Windows

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Sewer, Trash Collection
  • Tenant Pays: Electric, Water

Multi Family

  • Water Access: Lakefront
  • Gross Monthly Rent: 500
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Exemptions: Homestead, Supplemental
  • Annual Property Tax: 2472

MLS Schools

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,473 $196,900 $53,300 $143,600
2023 $2,214 $181,900 $50,600 $131,300
2022 $1,908 $159,200 $44,400 $114,800
2021 $1,624 $137,100 $44,400 $92,700
2020 $2,663 $127,300 $38,200 $89,100
2019 $2,592 $123,700 $38,200 $85,500
2018 $2,581 $122,900 $38,200 $84,700
2017 $2,459 $116,800 $38,200 $78,600
2016 $2,387 $113,300 $38,200 $75,100
2014 $2,246 $112,300 $38,200 $74,100
2013 $2,246 $112,300 $38,200 $74,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $230,000 -- $114 / Sq Ft
Source: Indiana Regional MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $175,000 None Available
Assessor Sales History -- --
Deed $63,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $18,500 New Conventional
Open $175,824 New Conventional
Closed $175,824 New Conventional
Previous Owner $166,250 New Conventional
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 202533714

Indiana Regional MLS

APN: 43-11-08-400-229.000-032