NOT LISTED FOR SALE

7320 W Lutes Dr Warsaw, IN 46582

Estimated Value: $293,366 - $335,000

3 Beds
2 Baths
1,824 Sq Ft
$171/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $240,000 $132 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,762/month

30 Days on Market

Highlights

  • 58 Feet of Waterfront
  • Pier or Dock
  • Living Room with Fireplace
  • Madison Elementary School Rated A-
  • Lake Property
  • Balcony

About This Home

As of July 2020

A stamped concrete walkway leads you to this two story, three bedroom, two bath Hoffman Lake waterfront home. A free standing gas stove will warm the open living, dining, kitchen area on chilly winter evenings, and views of the lake and multi level deck can be seen from the enclosed porch. A main level bedroom, large laundry and bathroom complete the first floor, with two additional bedrooms, a full bath, and a large family room with a loft on the second story. The attached garage is heated and cooled and has a pantry for storage. This well loved home has a newer roof and a brand new furnace. With easy access to US 30, Hoffman Lake is a 10 mph, 180 acre spring fed natural lake with great fishing (Bluegill, Largemouth Bass, Yellow Perch, Crappie and Longyear Sunfish to name a few) Beautiful sunsets and the joys of lake living at an affordable price.

Last Agent to Sell the Property

Sally Bailey

Coldwell Banker Real Estate Group Listed on: 04/30/2020

Coldwell Banker Real Estate Group

Last Buyer's Agent

Angela Pritchard

Addresses Unlimited, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $487

Year Built

  • Built in 1954

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 41x125 20x127
  • 58 Feet of Waterfront
  • Lake Front
  • Sloped Lot

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Free Standing Fireplace
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Water Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Cedar Closet
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry on main level
  • Washer and Gas Dryer Hookup

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment for Heating

Outdoor Features

  • Lake Property
  • Lake, Pond or Stream
  • Balcony
  • Enclosed Patio or Porch

Schools

  • Madison Elementary School
  • Edgewood Middle School
  • Warsaw High School

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 43-06-31-200-269.000-019

Community Details

Overview

  • Old Wray Homestead Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$487

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1954
  • Style: Two Story
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 021-124-007 Lot 24 & S 1/2 Lot 25 & tract Btwn Lot & water Old Wray Homestead SD
  • Parcel Number ID: 43-06-31-200-269.000-019
  • Platted: Yes
  • Amenities: Balcony, Breakfast Bar, Ceiling Fan(s), Closet(s) Cedar, Countertops-Laminate, Deck Open, Dryer Hook Up Gas, Eat-In Kitchen, Garage Door Opener, Porch Enclosed, Skylight(s), Stand Up Shower, Tub/Shower Combination, Garage-Heated, Main Floor Laundry, Washer Hook-Up
  • Grid: 10 - Central Kosc.
  • Investment Property: Yes
  • Location: Lake
  • Road Surface: Paved
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 1824
  • Total Finished Sq Ft: 1824
  • Above Grade Finished Sq Ft: 1824
  • Basement Foundation: Crawl, Slab
  • Fireplace: Living/Great Rm, Gas Log, Free Standing
  • Flooring: Carpet, Vinyl
  • Living Great Room: Dimensions: 13x16, On Level: Main
  • Kitchen: Dimensions: 11x16, On Level: Main
  • Family Room: Dimensions: 25x23, On Level: Upper
  • Bedroom 1: Dimensions: 15x11, On Level: Main
  • Bedroom 2: Dimensions: 16x11, On Level: Upper
  • Bedroom 3: Dimensions: 11x11, On Level: Upper
  • Other Room1: Porch, Dimensions: 8x24, On Level: Main
  • Main Level Sq Ft: 816
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: Shed, Dimensions: 8x8
  • Lake Type: Non Ski Lake
  • Water Features: Pier/Dock
  • Water Frontage: 58
  • Water Name: Hoffman Lake

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage: Yes
  • Off Street Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: REMC
  • Gas Company: NIPSCO
  • Hvac: Energy Star Heating
  • Laundry: Dimensions: Mainx6, On Level: 11
  • Water Type: Lake
  • Well Size: 4 Inches
  • Well Type: Private

Schools

  • Elementary School: Madison

Lot Info

  • Lot Description: Slope, 6-9.999, Water View
  • Lot Dimensions: 41x125 20x127
  • Estimated Lot Sq Ft: 7841
  • Estimated Lot Size Acres: 0.18

Tax Info

  • Annual Taxes: 487.4
  • Exemptions: Homestead, Mortgage, Supplemental

Multi Family

  • Water Access: Lakefront

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2020
Closed on
Jul 24, 2020
Sold by
Shadwell Robert O and Shadwell Carol A
Bought by
Grabarek William S and Stines Lisa K
Seller's Agent
Sally Bailey
Coldwell Banker Real Estate Group
Buyer's Agent
Angela Pritchard
Addresses Unlimited, LLC
List Price
$219,900
Sold Price
$240,000
Premium/Discount to List
$20,100
9.14%
Current Estimated Value
$311,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,842
Avg. Annual Appreciation
5.09%
Original Mortgage
$216,000
Outstanding Balance
$190,813
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$121,029

Purchase Details

Closed on
Jul 27, 1998
Sold by
Richard Wine
Bought by
Shadwell Robert O and Shadwell Carol A
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
Grabarek William S $240,000 Metropolitan Title Of In Llc
Shadwell Robert O $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grabarek William S $216,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2020 07/24/20 Sold $240,000 +9.1% $132 / Sq Ft
05/30/2020 05/30/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $219,900 -- $121 / 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 $1,519 $241,400 $39,400 $202,000
2023 $1,325 $227,400 $36,900 $190,500
2022 $1,137 $192,800 $31,900 $160,900
2021 $973 $171,900 $31,900 $140,000
2020 $1,019 $171,800 $25,900 $145,900
2019 $899 $163,900 $25,900 $138,000
2018 $487 $146,900 $25,900 $121,000
2017 $476 $141,700 $25,900 $115,800
2016 $468 $137,200 $25,900 $111,300
2014 $456 $135,700 $25,900 $109,800
2013 $456 $133,900 $25,000 $108,900
Source: Public Records

Agents Affiliated with this Home

  • Sally Bailey

    Seller's Agent in 2020

    Sally Bailey

    Coldwell Banker Real Estate Group

    (574) 527-1425

    156 Total Sales

    Sally Bailey
    Section Image
  • Angela Pritchard

    Buyer's Agent in 2020

    Angela Pritchard

    Addresses Unlimited, LLC

    (574) 993-2906

    140 Total Sales

    Angela Pritchard
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202018570

Indiana Regional MLS

APN: 43-06-31-200-269.000-019

Indiana Kosciusko County Warsaw 46582

7320 W Lutes Dr, Warsaw, IN

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.

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