NOT LISTED FOR SALE

8 Ems B69 Ln Warsaw, IN 46582

Estimated Value: $350,000 - $476,000

7 Beds
3 Baths
2,040 Sq Ft
$205/Sq Ft Est. Value

Last Sold August 11, 2022

Last sale price $400,000 $196 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,542/month

35 Days on Market

Highlights

  • 85 Feet of Waterfront
  • Private Beach
  • A-Frame Home
  • Pier or Dock
  • Lake Property
  • Wood Flooring

About This Home

As of August 2022

UNIQUE OPPORTUNITY on LITTLE BARBEE LAKEFRONT!!! Check out these 3 ADORABLE SUMMER COTTAGES on one property! Current owner uses middle cottage and rents the other 2 on AirBnB. The A-frame offers 3 bedrooms that can sleep 10 people, open living space, and a covered porch. The other 2 cottages each offer open concept living, 2 bedrooms, jack n jill bathrooms, and wonderful enclosed sunrooms to relax and admire the view. Enjoy the 85' frontage that has a private beach and 94' pier. Sit around the firepit and take in the gorgeous sunset across the lake. 3 restaurants /bars are conveniently just a stone's throw away. All 3 cottages are FULLY FURNISHED, just bring your boat and toothbrush! The Barbee Chain of Lakes is made up of 7 interconnected lakes that offer fabulous fishing and fun! Big Barbee Lake (right around the corner from this property) is an all-recreational lake. Don't delay, make this incredible property a FAMILY COMPOUND or a REVENUE STREAM for you today!

Last Listed By

Mindy Scaggs

Legacy Group Real Estate LLC Listed on: 07/04/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,750

Year Built

  • Built in 1959

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 85x200x63
  • 85 Feet of Waterfront
  • Lake Front
  • Private Beach
  • Level Lot

Home Design

  • A-Frame Home
  • Cabin
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,040 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Jack-and-Jill Bathroom
  • In-Law or Guest Suite
  • 3 Full Bathrooms
  • Separate Shower

Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Lake Property
  • Lake, Pond or Stream
  • Enclosed patio or porch

Schools

  • North Webster Elementary School
  • Wawasee Middle School
  • Wawasee High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Shared Well
  • Well

Listing and Financial Details

  • Assessor Parcel Number 43-08-28-100-484.000-023

Community Details

Recreation

  • Pier or Dock

Additional Features

  • Lakeview Park Subdivision
  • Community Fire Pit

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,750

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 1959
  • Age: 63
  • Style: One Story
  • Architectural Style: A-Frame, Cabin/Cottage
  • Total Number of Rooms: 10
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 005-109-287 Lot 2 Less S 40 Ft Lake View
  • Parcel Number ID: 43-08-28-100-484.000-023
  • Platted: Yes
  • Amenities: Ceiling Fan(s), Firepit, Guest Quarters, Porch Covered, Porch Enclosed, Stand Up Shower, Jack & Jill Bath
  • Grid: 10 - Central Kosc.
  • Investment Property: Yes
  • Location: Lake
  • Sp Lp Percent: 100
  • Year Taxes Payable: 2021
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2040
  • Total Finished Sq Ft: 2040
  • Above Grade Finished Sq Ft: 2040
  • Price Per Sq Ft: 196.08
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Hardwood Floors, Laminate, Vinyl
  • Living Great Room: Dimensions: 18x13, On Level: Main
  • Family Room: Dimensions: 12x10, On Level: Main
  • Extra Room: enclosed porches, Dimensions: 23x8, On Level: Main
  • Bedroom 1: Dimensions: 18x9, On Level: Upper
  • Bedroom 2: Dimensions: 9x9, On Level: Upper
  • Bedroom 3: Dimensions: 10x7, On Level: Main
  • Bedroom 4: Dimensions: 10x7, On Level: Main
  • Bedroom 5: Dimensions: 10x7, On Level: Main
  • Number of Main Level Full Bathrooms: 3

Exterior Features

  • Exterior: Wood
  • Roof Material: Shingle
  • Outbuilding1: Shed, Dimensions: 8x5, 40
  • Lake Type: Access to Ski Lake
  • Water Features: Pier/Dock, Private Beach
  • Water Frontage: 85
  • Water Name: Little Barbee Lake

Garage/Parking

  • Driveway: Gravel
  • Off Street Parking: Yes

Utilities

  • Cooling: Wall AC
  • Sewer: Regional
  • Water Utilities: Well
  • Electric Company: NIPSCO
  • Water Type: Lake
  • Well Type: Shared

Schools

  • School District: Wawasee
  • Elementary School: North Webster
  • Middle School: Wawasee
  • High School: Wawasee
  • Elementary School: North Webster

Lot Info

  • Lot Description: Level, Waterfront, Flood Plain
  • Lot Dimensions: 85x200x63
  • Estimated Lot Sq Ft: 16553
  • Estimated Lot Size Acres: 0.38

Tax Info

  • Annual Taxes: 2750.44

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
Jul 4, 2022
Closed on
Aug 11, 2022
Sold by
Elliotts Nest Cottages Llc
Bought by
Manes Rachel
Seller's Agent
Mindy Scaggs
Legacy Group Real Estate LLC
List Price
$430,000
Sold Price
$400,000
Premium/Discount to List
-$30,000
-6.98%
Total Days on Market
35
Views
2
Current Estimated Value
$417,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,539
Avg. Annual Appreciation
1.58%
Original Mortgage
$250,000
Outstanding Balance
$240,917
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$176,622

Purchase Details

Listed on
Jul 4, 2022
Closed on
Jul 28, 2022
Sold by
Grah Dennis B and Grah Melissa A
Bought by
Elliotts Nest Cottages Llc
Seller's Agent
Mindy Scaggs
Legacy Group Real Estate LLC
List Price
$430,000
Sold Price
$400,000
Premium/Discount to List
-$30,000
-6.98%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$240,917
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$176,622

Purchase Details

Closed on
Nov 1, 2018
Sold by
Elliott S Nest Cottages Llc
Bought by
Grah Dennis B and Grah Melissa A

Purchase Details

Closed on
Aug 28, 2016
Sold by
Grah Dennis B
Bought by
Elliotts Nest Cottages Llc

Purchase Details

Closed on
Jul 31, 2016
Sold by
Elliotts
Bought by
Dennis Melissa and Grah Melissa

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
Manes Rachel -- Green Kassandra
Elliotts Nest Cottages Llc -- None Listed On Document
Grah Dennis B -- None Available
Elliotts Nest Cottages Llc -- None Available
Dennis Melissa $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manes Rachel $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2022 08/11/22 Sold $400,000 0.0% $196 / Sq Ft
07/13/2022 07/13/22 Price Changed $400,000 -7.0% $196 / Sq Ft
07/04/2022 07/04/22 For Sale $430,000 -- $211 / 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 $2,725 $412,200 $209,500 $202,700
2023 $2,276 $352,500 $192,400 $160,100
2022 $1,715 $305,800 $166,800 $139,000
2021 $2,750 $263,000 $147,500 $115,500
2020 $2,307 $230,800 $130,700 $100,100
2019 $2,274 $231,000 $130,700 $100,300
2018 $2,004 $222,600 $124,500 $98,100
2017 $2,004 $218,000 $128,200 $89,800
2016 $1,694 $212,700 $128,200 $84,500
2014 $1,824 $208,000 $128,200 $79,800
2013 $1,824 $202,300 $128,200 $74,100
Source: Public Records

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Source: Indiana Regional MLS

MLS Number: 202227191

Indiana Regional MLS

APN: 43-08-28-100-484.000-023