NOT LISTED FOR SALE

727 Chapman Lake Dr Warsaw, IN 46582

Estimated Value: $183,000 - $773,297

2 Beds
2.5 Baths
2,775 Sq Ft
$168/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $650,000 $234 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $2,476/month

Highlights

  • 42 Feet of Waterfront
  • Pier or Dock
  • Lake Property
  • Warsaw Community High School Rated A-
  • Open Floorplan
  • Vaulted Ceiling

About This Home

As of October 2021

All sports Big Chapman Lakefront home! Custom built and designed for lake living! Large master suite on the upper level including twin sink vanity, solid surface counters, huge walk in closet and custom tile shower. Main level offers large island kitchen with stainless appliances, farm sink, and plenty of counter space for preparation and entertaining! Gas fireplace in the living room overlooking the large dining area and family room and essentially floor to ceiling glass to enjoy the lake! Large lakeside deck, plenty of room for sunbathing and watching the sunsets. Down the steps to the custom theater room, bath, laundry and mechanical area leading to the next level with exercise room and guest bedroom overlooking the lake! Quality construction that continues to across the street to the custom three car garage for toy storage or conversion to a guest house, it's that nice!

Last Agent to Sell the Property

The Mark Skibowski Team

Re/Max Lakes Listed on: 09/22/2021

Re/Max Lakes

Last Buyer's Agent

The Mark Skibowski Team

Re/Max Lakes Listed on: 09/22/2021

Re/Max Lakes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,643

Year Built

  • Built in 2014

Lot Details

  • 0.95 Acre Lot
  • 42 Feet of Waterfront
  • Lake Front
  • Backs to Open Ground
  • Rural Setting
  • Decorative Fence
  • Aluminum or Metal Fence
  • Landscaped
  • Sloped Lot

Parking

  • 4 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Cabin
  • Poured Concrete
  • Asphalt Roof
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 3-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • Formal Dining Room
  • Utility Room in Garage
  • Washer and Electric Dryer Hookup
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Kitchen Island
  • Stone Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Double Vanity
  • Separate Shower

Finished Basement

  • Walk-Out Basement
  • Sump Pump
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement

Outdoor Features

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

Schools

  • Harrison Elementary School
  • Lakeview Middle School
  • Warsaw High School

Utilities

  • Central Air
  • Geothermal Heating and Cooling
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • Pier or Dock

Listing and Financial Details

  • Assessor Parcel Number 43-07-25-400-044.000-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,643

Year Built

Built in 2014

Lot Details

0

Parking

4

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2014
  • Age: 7
  • Style: Three Story
  • Architectural Style: Cabin/Cottage
  • Total Number of Rooms: 9
  • Total Number of Rooms Below Grade: 5
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 1
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: 029-098-021 LOT 44 WAW WIL A WAY PARK 3RD ADD & STP ADJ & TR E OF LOT .65a
  • Parcel Number ID: 43-07-25-400-044.000-016
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Alarm System-Security, Ceiling-9+, Ceiling Fan(s), Ceilings-Vaulted, Closet(s) Walk-in, Countertops-Stone, Deck Open, Deck on Waterfront, Dryer Hook Up Electric, Eat-In Kitchen, Garage Door Opener, Kitchen Island, Landscaped, Open Floor Plan, Twin Sink Vanity, Stand Up Shower, Formal Dining Room, Sump Pump, Washer Hook-Up, Custom Cabinetry, Garage Utilities
  • Grid: 15 - Central Kosc. Water
  • Location: Lake, Rural
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 3

Interior Features

  • Total Sq Ft: 2835
  • Total Finished Sq Ft: 2775
  • Above Grade Finished Sq Ft: 1697
  • Below Grade Finished Sq Ft: 1078
  • Above Grade Unfinished Sq Ft: 60
  • Price Per Sq Ft: 383.03
  • Basement: Yes
  • Basement Foundation: Walk-Out Basement, Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm
  • Fireplace: Yes
  • Living Great Room: Dimensions: 16x18, On Level: Main
  • Kitchen: Dimensions: 10x19, On Level: Main
  • Dining Room: Dimensions: 12x13, On Level: Main
  • Family Room: Dimensions: 15x13, On Level: Main
  • Den: Dimensions: 13x18, On Level: Basement
  • Recreation Room: Dimensions: 13x13, On Level: Basement
  • Extra Room: Master bath, Dimensions: 10x12, On Level: Upper
  • Bedroom 1: Dimensions: 16x16, On Level: Upper
  • Bedroom 2: Dimensions: 13x13, On Level: Basement
  • Other Room1: Bath, Dimensions: 8x7, On Level: Lower
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 1078

Exterior Features

  • Exterior: Stone, Vinyl
  • Roof Material: Asphalt
  • Outbuilding1: None
  • Fence: Decorative, Metal
  • Lake Type: Ski Lake
  • Water Features: Pier/Dock
  • Water Frontage: 42
  • Water Name: Big Chapman Lake

Garage/Parking

  • Driveway: Gravel
  • Garage Type: Detached
  • Garage Number Of Cars: 4
  • Garage Size: Dimensions: 40x30
  • Garage Sq Ft: 1200
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air, Geothermal
  • Heating Fuel: Geothermal
  • Sewer: Septic
  • Water Utilities: Well
  • Hvac: Geothermal Hvac
  • Laundry: Dimensions: Basementx8, On Level: 9
  • Water Type: Lake
  • Well Type: Private

Schools

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

Lot Info

  • Lot Description: Slope, Waterfront
  • Lot Dimensions: Irregular
  • Estimated Lot Sq Ft: 41382
  • Estimated Lot Size Acres: 0.95
  • Lot Number: 44

Tax Info

  • Annual Taxes: 5643

Multi Family

  • Water Access: Lakefront

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2025
Sold by
Formosa Peter A and Formosa Mary E
Bought by
Formosa Peter A and Formosa Mary E
Current Estimated Value
$466,824

Purchase Details

Listed on
Sep 22, 2021
Closed on
Oct 28, 2021
Sold by
Zachary Brett E and Zachary Courtney L
Bought by
Formosa Peter A and Formosa Mary E
Seller's Agent
The Mark Skibowski Team
Re/Max Lakes
Buyer's Agent
The Mark Skibowski Team
Re/Max Lakes
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.15%
Original Mortgage
$400,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2011
Sold by
Hughel Jeffrey W and Hughel Joel G
Bought by
Zachary Brett E and Zachary Courtney L

Purchase Details

Closed on
Nov 16, 1999
Sold by
Etal Hughel Marilyn A
Bought by
Hughel Jeffrey Wilson Joel Grant
Source: Public Records

Range of Values:

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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
Formosa Peter A -- None Listed On Document
Formosa Peter A -- None Available
Zachary Brett E -- None Available
Hughel Jeffrey Wilson Joel Grant -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Formosa Peter A $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $650,000 0.0% $234 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $650,000 -- $234 / 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 $134 $10,900 $10,900 $0
2023 $129 $10,900 $10,900 $0
2022 $127 $10,900 $10,900 $0
2021 $5,536 $467,000 $120,200 $346,800
2020 $5,644 $465,200 $114,800 $350,400
2019 $5,099 $433,700 $106,500 $327,200
2018 $4,792 $409,300 $100,800 $308,500
2017 $3,896 $350,500 $100,800 $249,700
2016 $4,067 $335,300 $99,700 $235,600
2014 $1,394 $124,600 $87,600 $37,000
2013 $1,394 $149,700 $87,600 $62,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202145482

Indiana Regional MLS

APN: 43-07-25-400-044.000-016