NOT LISTED FOR SALE

7652 E Vawter Park Rd Syracuse, IN 46567

Estimated Value: $2,892,000 - $3,566,000

4 Beds
5 Baths
4,145 Sq Ft
$766/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $3,200,000 $772 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $16,941/month

1 Day on Market

Highlights

  • 103 Feet of Waterfront
  • Primary Bedroom Suite
  • Lake Property
  • Pier or Dock
  • Open Floorplan
  • Backs to Open Ground

About This Home

As of June 2022

This Pier 488 home was originally built in the 1920s, was the first summer cottage on this unique private bluff along historic Vawter Park Road with 103" of lake frontage on Lake Wawasee, in NE Indiana. Torn down and rebuilt in 1990, this modern gem was designed to capture the expansive 180-degree view of Lake Wawasee in the middle of the south shore from almost everywhere in the home, even the scenic views of the 300' deep wooded lot along the road side, offering two entrances as well and loads of parking. The .75 acre lot feels exceptionally private for a lake property with only one (wonderful) neighbor to the east and a wooded barrier, then a 35' easement below the hillside between the other (terrific) neighbors to the west. It was hooked up to the Turkey Creek sewer in 2020. For this property owner and those previous, 30 seconds of steps to the lake is far worth the 30X more expansive, breathtaking views from atop, where the great majority of entertaining and living time is spent 12 months of the year. This home was completely renovated from head to toe between 2017-2020. The show-stopper Brookwood kitchen with the solarium glass ceiling was featured on Houze in 2020. Gorgeous new white oak hardwood flooring was installed on the main floor, which matches luxury vinyl flooring in the lower level and in 3 baths. The master and lower level baths have custom tile flooring. The staircases were rebuilt from scratch and modernized, and a handy elevator services the lower garage level to the main floor/lakeside. The master bedroom and one bedroom ensuite baths are located on the main floor, with two more bedrooms and bathrooms upstairs. One of the upstairs bedrooms features a deck with a full water view. The lower level of the home features a full bathroom, kitchenette/bar space, an open recreation/work-out area, as well as an extra built-in queen bed for guest overflow. Attached is a 2 car garage with an extended 35'x28' storage area for extra cars/boats, etc. All new lawn was re-planted, new landscaping, irrigation system, and a gorgeous gradual stone walkway from the driveway to the lakeside where you are struck by a breathtaking north/eastern view when reaching the lawn overlooking Lake Wawasee.

Last Agent to Sell the Property

Lynn Reecer

Reecer Real Estate Advisors Listed on: 05/15/2022

Last Buyer's Agent

Lynn Reecer

Reecer Real Estate Advisors Listed on: 05/15/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,500

Year Built

  • Built in 1991

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 103x361
  • 103 Feet of Waterfront
  • Lake Front
  • Backs to Open Ground
  • Landscaped
  • Irrigation

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Stone Driveway

Home Design

  • Poured Concrete
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Central Vacuum
  • Built-In Features
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Water Views
  • Home Security System

Kitchen

  • Walk-In Pantry
  • Kitchen Island
  • Stone Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Separate Shower

Laundry

  • Laundry on main level
  • Gas And Electric Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 1 Bathroom in Basement

Outdoor Features

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

Schools

  • Syracuse Elementary School
  • Wawasee Middle School
  • Wawasee High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well

Listing and Financial Details

  • Assessor Parcel Number 43-04-22-100-156.000-025

Community Details

Overview

  • Vawter Park Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,500

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1991
  • Age: 31
  • Style: Two Story
  • Total Number of Rooms: 10
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: 07-085-023 LOTS 21,22 & PT VAC ST VAWTER PARK & LOTS 21A SUDLOWS ADD TO VAWTER PK
  • Parcel Number ID: 43-04-22-100-156.000-025
  • Platted: Yes
  • Amenities: Alarm System-Security, Balcony, Built-In Speaker System, Ceiling-Cathedral, Central Vacuum System, Closet(s) Walk-in, Countertops-Stone, Deck Open, Deck on Waterfront, Disposal, Dryer Hook Up Gas/Elec, Foyer Entry, Garage Door Opener, Irrigation System, Kitchen Island, Landscaped, Near Walking Trail, Open Floor Plan, Pantry-Walk In, Stand Up Shower, Main Level Bedroom Suite, Main Floor Laundry, Custom Cabinetry
  • Location: Lake
  • Sp Lp Percent: 91.69
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 6035
  • Total Finished Sq Ft: 4145
  • Above Grade Finished Sq Ft: 3143
  • Below Grade Finished Sq Ft: 1002
  • Below Grade Sq Ft: 1890
  • Price Per Sq Ft: 1018.14
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement, Finished
  • Basement Material: Poured Concrete
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Gas Log
  • Fireplace: Yes
  • Living Great Room: Dimensions: 24x23, On Level: Main
  • Kitchen: Dimensions: 14x12, On Level: Main
  • Breakfast Room: Dimensions: 13x9, On Level: Main
  • Dining Room: Dimensions: 15x11, On Level: Main
  • Family Room: Dimensions: 23x23, On Level: Lower
  • Den: Dimensions: 11x10, On Level: Main
  • Recreation Room: On Level: N/A
  • Bedroom 1: Dimensions: 21x17, On Level: Main
  • Bedroom 2: Dimensions: 13x12, On Level: Main
  • Bedroom 3: Dimensions: 16x13, On Level: Upper
  • Bedroom 4: Dimensions: 15x14, On Level: Upper
  • Loft: Dimensions: 13x12, On Level: Upper
  • Number Below Grade Bathrooms: 1
  • Number of Below Grade Full Bathrooms: 1
  • Number of Main Level Full Bathrooms: 2
  • Total Below Grade Sq Ft: 2892

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Outbuilding1: None
  • Lake Type: Ski Lake
  • Outbuilding2: None
  • Sea Wall Type: Concrete
  • Water Features: Pier/Dock
  • Water Frontage: 103
  • Water Name: Lake Wawasee

Garage/Parking

  • Driveway: Stone
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 21x20
  • Garage Sq Ft: 420
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Regional
  • Water Utilities: Well
  • Laundry: Dimensions: Mainx5, On Level: 8
  • Water Type: Lake
  • Well Type: Private

Schools

  • School District: Wawasee
  • Elementary School: Syracuse
  • Middle School: Wawasee
  • High School: Wawasee
  • Elementary School: Syracuse

Lot Info

  • Lot Description: Waterfront, Lake, Water View
  • Lot Dimensions: 103x361
  • Estimated Lot Sq Ft: 32670
  • Estimated Lot Size Acres: 0.75
  • Lot Number: 21

Tax Info

  • Annual Taxes: 10500

Multi Family

  • Water Access: Lakefront

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2022
Closed on
Jun 24, 2022
Sold by
Reecer Mark V and Reecer Lynn C
Bought by
Hull John and Hull Kaye
Seller's Agent
Lynn Reecer
Reecer Real Estate Advisors
Buyer's Agent
Lynn Reecer
Reecer Real Estate Advisors
List Price
$3,490,000
Sold Price
$3,200,000
Premium/Discount to List
-$290,000
-8.31%
Current Estimated Value
$2,730,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$469,860
Avg. Annual Appreciation
-5.99%
Original Mortgage
$2,560,000
Outstanding Balance
$2,449,201
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$195,090

Purchase Details

Closed on
Jun 25, 2021
Sold by
Reecer Lynn C
Bought by
Reecer Mark V and Reecer Lynn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2019
Sold by
Reecer Lynn C
Bought by
Reecer Lynn C

Purchase Details

Listed on
Feb 15, 2016
Closed on
Nov 10, 2017
Sold by
Reecer Mark V and Reecer Lynn C
Bought by
Reecer Lynn C
Seller's Agent
Lynn Reecer
Reecer Real Estate Advisors
Buyer's Agent
Lynn Reecer
Reecer Real Estate Advisors
List Price
$1,899,900
Sold Price
$1,300,000
Premium/Discount to List
-$599,900
-31.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%
Original Mortgage
$1,040,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2000
Sold by
Swanson Rollin D
Bought by
Swanson Rollin D Qual Per Res Tr
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
Hull John -- Metropolitan Title
Reecer Mark V -- Metropolitan Title Of In Llc
Reecer Lynn C -- None Available
Reecer Lynn C -- Metropolitan Title Of In Llc
Reecer Mark V -- Metropolitan Title Of In Llc
Swanson Rollin D Qual Per Res Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hull John $2,560,000
Previous Owner Reecer Mark V $1,600,000
Previous Owner Reecer Lynn C $1,600,000
Previous Owner Reecer Lynn C $130,000
Previous Owner Reecer Mark V $1,040,000
Previous Owner Swanson Karen L $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2022 06/30/22 Sold $3,200,000 -8.3% $772 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/15/2022 05/15/22 For Sale $3,490,000 +168.5% $842 / Sq Ft
11/10/2017 11/10/17 Sold $1,300,000 -31.6% $314 / Sq Ft
09/04/2017 09/04/17 Pending -- -- --
02/15/2016 02/15/16 For Sale $1,899,900 -- $458 / 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 $21,995 $3,569,200 $2,238,000 $1,331,200
2023 $19,782 $3,220,900 $2,057,300 $1,163,600
2022 $15,762 $2,420,500 $1,788,800 $631,700
2021 $12,025 $1,861,200 $1,469,000 $392,200
2020 $10,288 $1,749,600 $1,416,300 $333,300
2019 $11,166 $1,686,400 $1,469,000 $217,400
2018 $10,641 $1,753,300 $1,469,000 $284,300
2017 $11,705 $1,803,600 $1,463,000 $340,600
2016 $10,281 $1,816,400 $1,463,000 $353,400
2014 $11,191 $1,789,200 $1,463,000 $326,200
2013 $11,191 $1,771,000 $1,463,000 $308,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202218383

Indiana Regional MLS

APN: 43-04-22-100-156.000-025