NOT LISTED FOR SALE

7991 E Cherokee Rd Syracuse, IN 46567

Estimated Value: $722,000 - $1,073,000

4 Beds
3 Baths
2,945 Sq Ft
$284/Sq Ft Est. Value

Last Sold April 06, 2020

Last sale price $470,000 $160 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,681/month

29 Days on Market

Highlights

  • 85 Feet of Waterfront
  • Lake Property
  • Backs to Open Ground
  • Open Floorplan
  • Vaulted Ceiling
  • Whirlpool Bathtub

About This Home

As of April 2020

Wonderfully maintained & move-in ready 4-bedroom, 3 full bath home with 2900+ sq. ft. of waterfront living space. Located on desirable channel with view of protected Wawasee Wetlands Conservation Area directly across creates a very private lake retreat feel. 85 feet of waterfront! Easy access to main lake, off Johnson's Bay. Spacious living room has a double set of sliders providing beautiful water views, a wood burning stacked stone fireplace for cozy evenings, plus a dry bar & beverage fridge for optimal entertaining. Both the dining room & family room have vaulted ceilings. Stunning, the updated kitchen is furnished with walnut cabinetry, granite countertops, stone front details on the breakfast bar & island, contrasting countertop on island highlighted by pendant lighting & easy-care tiled flooring. All stainless-steel appliances remain. Super convenient for wet swimmers, a main floor full bath also incorporates the laundry room. Washer & dryer remain. Retreat upstairs to the huge master suite, roomy enough for a private sitting area. Sliding doors provide access to a balcony ideal for quiet evenings or morning coffee. The master bath is equipped w/jetted tub, walk-in custom tiled shower w/built-in seat, a twin sink vanity & makeup counter. Three additional bedrooms & full bath complete this floor. All bedrooms have vaulted ceilings. Neutral colors throughout, white trim package, white window blinds & recessed lighting create a clean & bright interior. Large tiered deck w/built-in seating is the perfect setting for entertaining, dining & relaxing waterfront living. The deck is accessible from the living room, kitchen & family room. A double wide driveway/parking pad ensures there is plenty of room for guests. An attached over-sized 2 car garage has room for lake toys. Additional details include new roof in 2019, new well pump 2017, irrigation system to maintain lush lawn, concrete seawall, extensive pier, covered front porch, leaded glass entry door w/sidelights, arched doorways, granite in baths & surround sound. Lake Wawasee is the largest natural lake in Indiana; 25 miles of shoreline, 3000+ acres in size, with a maximum depth of 77 ft. This gorgeous lake is filled with relaxation, fun & recreation as an all sports lake for boaters & skiers, complete with a sandbar, 28 species of fish, boat accessible restaurants, marinas & yacht clubs. Enjoy weekend getaways, retirement or year-round lake living. Schedule your personal tour today!

Last Agent to Sell the Property

Angie Racolta

Encore Sotheby's International Realty Listed on: 01/10/2020

Encore Sotheby's International Realty

Last Buyer's Agent

Norine Troeger

Keller Williams Realty Group

Keller Williams Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,998

Year Built

  • Built in 1972

Lot Details

  • 9,963 Sq Ft Lot
  • Lot Dimensions are 81x123
  • 85 Feet of Waterfront
  • Home fronts a canal
  • Backs to Open Ground
  • Property has an invisible fence for dogs
  • Landscaped
  • Irrigation

Parking

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

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2,945 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Bar
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Double Vanity
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry on main level
  • Gas Dryer Hookup

Outdoor Features

  • Sun Deck
  • Waterski or Wakeboard
  • Lake Property
  • Lake, Pond or Stream
  • Covered Patio or Porch

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

Community Details

  • Johnson Bay Subdivision

Listing and Financial Details

  • Assessor Parcel Number 43-04-10-200-285.000-025

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,998

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1972
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 7-40-51.B LOT 102 JOHNSON BAY SD
  • Parcel Number ID: 43-04-10-200-285.000-025
  • Platted: Yes
  • Amenities: 1st Bdrm En Suite, Bar, Breakfast Bar, Built-In Speaker System, Ceiling Fan(s), Ceilings-Beamed, Ceilings-Vaulted, Closet(s) Walk-in, Countertops-Stone, Deck Open, Deck on Waterfront, Disposal, Dryer Hook Up Gas, Garage Door Opener, Jet Tub, Irrigation System, Kitchen Island, Landscaped, Open Floor Plan, Porch Covered, Range/Oven Hook Up Elec, Twin Sink Vanity, Tub and Separate Shower, Tub/Shower Combination, Formal Dining Room, Main Floor Laundry
  • Grid: 50 - N.E. Kosc.
  • Location: Lake
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 2945
  • Total Finished Sq Ft: 2945
  • Above Grade Finished Sq Ft: 2945
  • Basement Foundation: Slab
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Tile
  • Living Great Room: Dimensions: 17x12, On Level: Main
  • Kitchen: Dimensions: 18x13, On Level: Basement
  • Dining Room: Dimensions: 13x12, On Level: Main
  • Family Room: Dimensions: 22x18, On Level: Main
  • Bedroom 1: Dimensions: 25x18, On Level: Upper
  • Bedroom 2: Dimensions: 10x11, On Level: Upper
  • Bedroom 3: Dimensions: 10x15, On Level: Upper
  • Bedroom 4: Dimensions: 12x11, On Level: Upper
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Brick, Vinyl
  • Outbuilding1: None
  • Fence: Invisible
  • Lake Type: Ski Lake
  • Water Frontage: 85
  • Water Name: Lake Wawasee

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electric, Gas, Forced Air
  • Sewer: City
  • Water Utilities: Well
  • Water Type: Lake
  • Well Type: Private

Condo/Co-op/Association

  • Association Restrictions: Yes

Schools

  • Elementary School: Syracuse

Lot Info

  • Lot Description: Waterfront
  • Lot Dimensions: 81x123
  • Estimated Lot Sq Ft: 9963
  • Estimated Lot Size Acres: 0.2287

Tax Info

  • Annual Taxes: 1997.8
  • Exemptions: Homestead, Mortgage, Supplemental

Multi Family

  • Water Access: Channel Front/Canal

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
Apr 6, 2020
Sold by
Herdrich Michael H
Bought by
Garber Peter L and Garber Debbie S
Seller's Agent
Angie Racolta
Encore Sotheby's International Realty
Buyer's Agent
Norine Troeger
Keller Williams Realty Group
List Price
$485,000
Sold Price
$470,000
Premium/Discount to List
-$15,000
-3.09%
Current Estimated Value
$837,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$367,837
Avg. Annual Appreciation
10.60%
Original Mortgage
$376,000
Outstanding Balance
$261,685
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$576,152

Purchase Details

Listed on
Dec 4, 2015
Closed on
Dec 4, 2015
Sold by
Wells Leighton A
Bought by
Herdrich Michael J
Seller's Agent
Kim Conrad
Coldwell Banker Real Estate Group
Buyer's Agent
Kim Conrad
Coldwell Banker Real Estate Group
List Price
$440,000
Sold Price
$440,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.53%

Purchase Details

Listed on
Mar 7, 2012
Closed on
Apr 3, 2012
Sold by
Lpp Mortgage Ltd
Bought by
Wells Leighton A
Seller's Agent
Amy Cavender
eXp Realty, LLC
Buyer's Agent
Kim Conrad
Coldwell Banker Real Estate Group
List Price
$339,900
Sold Price
$310,000
Premium/Discount to List
-$29,900
-8.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$248,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2012
Sold by
Gerard Marissa and County Of Kosciusko
Bought by
Home Mortgage Funding Inc

Purchase Details

Closed on
May 1, 2007
Sold by
Smith Jay A and Smith Amy E
Bought by
Gerard Marissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2006
Sold by
Johnson Douglas H and The Valerie H Johnson Revocabl
Bought by
Smith Jay A and Smith Amy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.34%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Garber Peter L -- Metropolitan Title Of In Llc
Herdrich Michael J $440,000 --
Wells Leighton A -- Prism Title & Closing Servic
Home Mortgage Funding Inc $300,000 None Available
Gerard Marissa -- None Available
Smith Jay A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garber Peter L $376,000
Previous Owner Wells Leighton A $248,000
Previous Owner Gerard Marissa $388,000
Previous Owner Smith Jay A $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/06/2020 04/06/20 Sold $470,000 -3.1% $160 / Sq Ft
02/08/2020 02/08/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $485,000 +10.2% $165 / Sq Ft
12/04/2015 12/04/15 Sold $440,000 0.0% $149 / Sq Ft View Prior Sale
12/04/2015 12/04/15 For Sale $440,000 +41.9% $149 / Sq Ft
10/26/2015 10/26/15 Pending -- -- --
04/27/2012 04/27/12 Sold $310,000 -8.8% $105 / Sq Ft View Prior Sale
03/27/2012 03/27/12 Pending -- -- --
03/07/2012 03/07/12 For Sale $339,900 -- $115 / 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 $3,504 $669,100 $251,200 $417,900
2023 $3,299 $647,700 $241,300 $406,400
2022 $3,092 $569,400 $220,900 $348,500
2021 $2,231 $421,000 $188,200 $232,800
2020 $1,943 $402,500 $184,100 $218,400
2019 $2,166 $399,000 $184,100 $214,900
2018 $2,003 $388,000 $184,100 $203,900
2017 $1,951 $372,200 $184,000 $188,200
2016 $1,691 $370,200 $179,800 $190,400
2014 $1,607 $321,100 $179,800 $141,300
2013 $1,607 $331,300 $184,000 $147,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202001083

Indiana Regional MLS

APN: 43-04-10-200-285.000-025