NOT LISTED FOR SALE

7338 W Lutes Dr Warsaw, IN 46582

Estimated Value: $238,000 - $319,460

3 Beds
2 Baths
1,796 Sq Ft
$155/Sq Ft Est. Value

Last Sold July 29, 2015

Last sale price $89,000 $50 Per Sq Ft

Est. 214% increase in value since last sale

Current estimated payment $1,620/month

119 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Lake Property
  • Wood Flooring
  • Madison Elementary School Rated A-
  • Dock Rights
  • 2.5 Car Detached Garage

About This Home

As of July 2015

Significant Price Reduction! Immediate possession available with this spacious quad-level home on two and a half lots on the south side of Hoffman Lake (180 acres, 10 mph speed limit). Main level is living room, formal dining room and kitchen. Upper level has 3 bedrooms (with hardwood floors) and a bathroom. Lower level has an open dining-kitchenette (with glass slider) plus bathroom (ceramic tiled shower) and laundry room. Partial basement has a large family room that walks out to the rear patio (below the upper level deck). Oversized 30x24 detached garage with overhead doors in front and rear. Enjoy panoramic long views of the lake with no sun glare (south shore location). Ample room inside & out for social gatherings at the lake. Easy access to US 30 with shopping and major employers just minutes away in Warsaw. Value priced!

Last Agent to Sell the Property

David Blackwell

Blackwell Real Estate Listed on: 03/17/2015

Last Buyer's Agent

Judy Brown

Patton Hall Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,439

Year Built

  • Built in 1961

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 123x130x100x141
  • 100 Feet of Waterfront
  • Lake Front
  • Irregular Lot
  • Sloped Lot

Parking

  • 2.5 Car Detached Garage
  • Driveway

Home Design

  • Quad-Level Property
  • Stone Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Insulated Windows
  • Water Views
  • Fire and Smoke Detector
  • Electric Oven or Range
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower
  • Separate Shower

Finished Basement

  • Walk-Out Basement
  • Block Basement Construction
  • 1 Bathroom in Basement

Outdoor Features

  • Dock Rights
  • Lake Property
  • Lake, Pond or Stream

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Private Company Owned Well
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 430631200297000019

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,439

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1961
  • Style: Quad-Level
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Lots 18, 19 & W 1/2 Lot 20 & Tract Btwn Lot & Water Old Wray Homestead SD
  • Parcel Number ID: 430631200297000019
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Detector-Smoke, Dryer Hook Up Electric, Range/Oven Hook Up Elec, Stand Up Shower, Tub/Shower Combination, Washer Hook-Up
  • Grid: 45 - N.W. Kosc. Water
  • Location: Lake
  • Parcel Id2: 021-124-012
  • Road Access: County
  • Road Surface: Asphalt
  • State Id: 2171350100
  • Special Features: None

Interior Features

  • Total Sq Ft: 1796
  • Total Finished Sq Ft: 1796
  • Above Grade Finished Sq Ft: 1402
  • Below Grade Finished Sq Ft: 394
  • Basement: Yes
  • Basement Foundation: Partial Basement, Walk-Out Basement, Finished
  • Basement Material: Block
  • Flooring: Hardwood Floors, Carpet, Vinyl
  • Living Great Room: Dimensions: 11x19, On Level: Main
  • Kitchen: Dimensions: 11x11, On Level: Main
  • Dining Room: Dimensions: 8x12, On Level: Main
  • Family Room: Dimensions: 19x22, On Level: Basement
  • Bedroom 1: Dimensions: 11x12, On Level: Upper
  • Bedroom 2: Dimensions: 8x11, On Level: Upper
  • Bedroom 3: Dimensions: 8x9, On Level: Upper
  • Other Room1: Kitchenette, Dimensions: 6x12, On Level: Lower
  • Other Room 2: Second dining area, Dimensions: 6x10, On Level: Lower
  • Main Level Sq Ft: 898
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Total Below Grade Sq Ft: 394

Exterior Features

  • Exterior: Aluminum, Stone
  • Outbuilding1: None
  • Lake Type: Non Ski Lake
  • Water Features: Boat Docking Rights
  • Water Frontage: 100
  • Water Name: Hoffman Lake

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Detached
  • Garage Number Of Cars: 2.5
  • Garage Size: Dimensions: 30x24

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electric, Baseboard
  • Sewer: Septic
  • Water Utilities: Well
  • Electric Company: REMC
  • Laundry: Dimensions: 6xLower, On Level: 15
  • Water Type: Lake
  • Well Type: Private

Lot Info

  • Lot Description: Irregular, Slope, Waterfront, Lake, Water View
  • Lot Dimensions: 123x130x100x141
  • Estimated Lot Sq Ft: 13980
  • Estimated Lot Size Acres: 0.321
  • Zoning: R Residential

Green Features

  • Energy Efficient Windows/Doors: Insulated Glass Windows

Tax Info

  • Annual Taxes: 1438.6

Multi Family

  • Water Access: Lakefront

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2021
Sold by
Mennonite Mutual Land Trustee Corp
Bought by
Burkholder Anthony D and Burkholder Joyce L
Current Estimated Value
$279,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Outstanding Balance
$79,420
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$199,695

Purchase Details

Listed on
Mar 17, 2015
Closed on
Jul 29, 2015
Sold by
Fannie Mae
Bought by
Mennonite Mutual Land Trustee Corporatio
Seller's Agent
David Blackwell
Blackwell Real Estate
Buyer's Agent
Judy Brown
Patton Hall Real Estate
List Price
$128,900
Sold Price
$89,000
Premium/Discount to List
-$39,900
-30.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.80%

Purchase Details

Closed on
Jun 24, 2014
Sold by
Onewest Bank Fsb and Karp Henrietta L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 7, 2001
Sold by
Karp Donald T and Karp Henrietta L
Bought by
Karp Henrietta L
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
Burkholder Anthony D $89,000 Meridian Title Corporation
Mennonite Mutual Land Trustee Corporatio $89,000 Us Title
Federal National Mortgage Association $144,362 None Available
Karp Henrietta L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burkholder Anthony D $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2015 07/29/15 Sold $89,000 -31.0% $50 / Sq Ft
07/14/2015 07/14/15 Pending -- -- --
03/17/2015 03/17/15 For Sale $128,900 -- $72 / 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 $1,875 $286,800 $63,400 $223,400
2023 $1,651 $272,400 $59,200 $213,200
2022 $1,529 $242,800 $50,400 $192,400
2021 $1,376 $218,600 $50,400 $168,200
2020 $1,308 $203,300 $40,000 $163,300
2019 $1,188 $196,700 $40,000 $156,700
2018 $1,160 $190,200 $40,000 $150,200
2017 $1,046 $184,400 $40,000 $144,400
2016 $717 $134,300 $40,000 $94,300
2014 $1,434 $130,600 $40,000 $90,600
2013 $1,434 $128,600 $38,500 $90,100
Source: Public Records

Agents Affiliated with this Home

  • David Blackwell

    Seller's Agent in 2015

    David Blackwell

    Blackwell Real Estate

    (574) 453-8143

    140 Total Sales

    David Blackwell
    Section Image

  • J

    Buyer's Agent in 2015

    Judy Brown

    Patton Hall Real Estate

    (574) 268-7638

    Judy Brown
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201510341

Indiana Regional MLS

APN: 43-06-31-200-297.000-019

Indiana Kosciusko County Warsaw 46582

7338 W Lutes Dr, Warsaw, IN

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