$725,000
SOLD JUN 30, 2016

9042 E Hatchery Rd Unit 8 Syracuse, IN 46567

4 Beds
3 Baths
2,824 Sq Ft
$623/mo HOA Fee

Recently Sold

$257 Per Sq Ft

3% Below List Price

104 Days on Market

Highlights

  • 160 Feet of Waterfront
  • Open Floorplan
  • Backs to Open Ground
  • Primary Bedroom Suite
  • Lake Property
  • Whirlpool Bathtub

About This Home

As of June 2018

This Lake Wawasee condo, in the Governor's Hill Subdivision, has the most amazing views, access to 170 feet of lake frontage (shared by only 10 condos), incredible style and great amenities. This luxury condo compares to those in Chicago on Lake Michigan and ocean front condos in Naples, FL." Includes a two-car garage, two boat slips, one personal watercraft slip (accommodates 2 wave runners) & a heated exercise room off the breezeway. All units have access to the pool, elevator and covered halls to the garage units. The entire width of Unit 8 has North facing windows and sliders that overlook the expanse of the lake, with a 96ft. of balcony. The balcony overlooks the pool, grounds and the lake below. Offering space for a long harvest table, sitting areas and a grilling spot, this balcony is the perfect way to enjoy the outdoors and to take in the sunsets with ceiling fans adding to the charm. Inside, the entire space has been professionally designed with noteworthy detail and stunning style. Gentle curves of the large bar define the space of the open kitchen. Corian countertops, stainless appliances (including a double oven, custom cabinets & a walk in pantry make this a dream kitchen. The oak kitchen floors (also found in the foyer) take on the gentle curve of the bar, and the tray ceiling above. The kitchen opens to the great room with a gas fireplace (stone surround), built in bar in the dining area (with two wine refrigerators) and the gently arched passageways that are found throughout. A built-in safe is just off this great room. The master suite is adjacent to the laundry room and has patio access via sliders, a large multi-basin walk in closet (with a built in jewelry cabinet), spa-like tile bathroom with a large tub, heated floors, curved glass-block walk-in shower with 5 shower heads and a beautiful presentation. The other 3 bedroom areas are fresh and spacious, with large closets and full baths. Other not-to-miss features include the 6 panel doors with brushed nickel hardware, tank less water heater, sound system throughout the home (& even in the garage and fitness area) and the professional designer touches found throughout. Due to the location on a gentle hill, Unit 8 is on the second floor (street side) but is 3 floors up (lake side) which makes the views even greater.

Last Agent to Sell the Property

Lynn Reecer

Reecer Real Estate Advisors Listed on: 03/01/2016

Last Buyer's Agent

Kay Young

ERA Crossroads

ERA Crossroads

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,129

Year Built

  • Built in 2003

Lot Details

  • 160 Feet of Waterfront
  • Lake Front
  • Backs to Open Ground

HOA Fees

  • $623 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Slab Foundation
  • Block Exterior
  • Vinyl Construction Material

Interior Spaces

  • 2,824 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Bar
  • Tray Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • Electric Dryer Hookup

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Suite
  • 3 Full Bathrooms
  • Whirlpool Bathtub
  • Garden Bath
  • Separate Shower

Outdoor Features

  • Waterski or Wakeboard
  • Lake Property
  • Lake, Pond or Stream
  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Shared Well
  • Well

Listing and Financial Details

  • Assessor Parcel Number 43-04-25-400-047.000-025

Community Details

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,129

Year Built

Built in 2003

Lot Details

0

HOA Fees

$623 per month

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Condo/Villa
  • Waterfront: Yes
  • Year Built: 2003
  • Age: 13
  • Style: One Story
  • Total Number of Rooms: 8
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 7-98-171.8 UNIT 8 GOVERNORS HILL CONDO & 12.5% INT IN COMMON AREA
  • Parcel Number ID: 43-04-25-400-047.000-025
  • Platted: Yes
  • Amenities: Balcony, Bar, Breakfast Bar, Ceiling-Tray, Ceiling Fan(s), Disposal, Dryer Hook Up Electric, Garage Door Opener, Jet Tub, Jet/Garden Tub, Open Floor Plan, Pantry-Walk In, Stand Up Shower, Main Level Bedroom Suite
  • Cross Street: E 1000 N
  • Location: Lake
  • Sp Lp Percent: 96.68
  • Special Features: None

Interior Features

  • Total Sq Ft: 2824
  • Total Finished Sq Ft: 2824
  • Above Grade Finished Sq Ft: 2824
  • Basement Foundation: Slab
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm
  • Living Great Room: Dimensions: 10x34, On Level: Main
  • Kitchen: Dimensions: 12x23, On Level: Main
  • Breakfast Room: On Level: N/A
  • Dining Room: Dimensions: 12x15, On Level: Main
  • Family Room: On Level: N/A
  • Den: On Level: N/A
  • Recreation Room: On Level: N/A
  • Extra Room: On Level: N/A
  • Bedroom 1: Dimensions: 14x15, On Level: Main
  • Bedroom 2: Dimensions: 11x14, On Level: Main
  • Bedroom 3: Dimensions: 12x13, On Level: Main
  • Bedroom 4: Dimensions: 12x15, On Level: Main
  • Bedroom 5: On Level: N/A
  • Loft: On Level: N/A
  • Number of Main Level Full Bathrooms: 3

Exterior Features

  • Exterior: Block, Vinyl
  • Outbuilding1: None
  • Pool: Association
  • Pool: Yes
  • Lake Type: Ski Lake
  • Water Frontage: 160
  • Water Name: Lake Wawasee

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage Sq Ft: 576

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Well
  • Laundry: Dimensions: 6xMain, On Level: 6
  • Water Type: Lake
  • Well Type: Shared

Condo/Co-op/Association

  • Association Fees: 623
  • Association Fees Frequency: Monthly

Schools

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

Lot Info

  • Lot Description: Waterfront
  • Lot Dimensions: 39 x 17
  • Estimated Lot Sq Ft: 871
  • Estimated Lot Size Acres: 0.02

Tax Info

  • Annual Taxes: 7129

Multi Family

  • Water Access: Lakefront

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2018
Closed on
Jun 15, 2018
Sold by
Wawahatch
Bought by
Joseph Fred
Seller's Agent
Stuart Myers
Reecer Properties Inc.
Buyer's Agent
Angie Racolta
Keller Williams Thrive North
List Price
$500,000
Sold Price
$712,400
Premium/Discount to List
$212,400
42.48%
Total Days on Market
104
Current Estimated Value
$1,030,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,704
Avg. Annual Appreciation
5.41%
Original Mortgage
$500,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 1, 2016
Closed on
Jun 30, 2016
Sold by
Tiedge Robert and Tiedge Donna M
Bought by
Wawahatch 8 Llc
Seller's Agent
Lynn Reecer
Reecer Real Estate Advisors
Buyer's Agent
Kay Young
ERA Crossroads
List Price
$749,900
Sold Price
$725,000
Premium/Discount to List
-$24,900
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.89%
Original Mortgage
$580,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $712,400 --
Warranty Deed $712,400 Metropolitan Title
Warranty Deed -- Metropolitan Title Of In Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 New Conventional
Closed $500,000 Adjustable Rate Mortgage/ARM
Previous Owner $300,000 Construction
Previous Owner $580,000 Adjustable Rate Mortgage/ARM
Previous Owner $210,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2018 06/15/18 Sold $712,400 +42.5% $252 / Sq Ft
05/05/2018 05/05/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $500,000 -31.0% $177 / Sq Ft
06/30/2016 06/30/16 Sold $725,000 -3.3% $257 / Sq Ft
06/13/2016 06/13/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $749,900 -- $266 / 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 $10,310 $1,145,000 $321,300 $823,700
2023 $8,976 $987,500 $292,600 $694,900
2022 $7,801 $855,300 $254,200 $601,100
2021 $7,542 $819,200 $215,800 $603,400
2020 $7,047 $833,700 $203,800 $629,900
2019 $7,756 $814,500 $203,800 $610,700
2018 $7,480 $823,000 $203,800 $619,200
2017 $7,618 $820,400 $193,000 $627,400
2016 $6,543 $808,300 $193,000 $615,300
2014 $7,129 $796,100 $193,000 $603,100
2013 $7,129 $792,200 $193,000 $599,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201608050

Indiana Regional MLS

APN: 43-04-25-400-047.000-025