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773 Chapman Lake Drive

Warsaw, IN 46582
  • $535,000
  • STATUS: Active
  • ON SITE: 12 days
  • MLS #: 202128645
UPDATED: 73 min ago
$535,000
  • 6
    BEDS
  • 0.62
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,618
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1953
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Enjoy commanding views and beautiful sunsets over Big Chapman Lake with this year around home on a double lakefront lot on the popular east side on Chapman Lake Drive. Currently set up as a tri-plex, the upper level (previously leased for $1,300 per month) offers an open floor plan lakeside (living, dining, kitchen) with a glass slider leading to the 16x28 lakeside balcony deck. Master bedroom has a large walk-in closet, main bath has a dual sink vanity and a ceramic tiled shower. Lower level is finished into two apartments: 1 BR rents for $700 per month, and 2 BR rents for $700 per month (seller pays utilities and tenants can use the lower level patio area). Room info & measurements are for the main living area (upper). Mature shrubbery lined side property lines offers a private park like lakefront setting with ample room for social gatherings. Supplement your mortgage payment with income from the two lower level apartments, or rent out all 3 units and build your dream house later on. Rare double lot may allow the potential of two building sites for new construction. Big Chapman Lake is only two hours from Indianapolis or Chicago and is a spring fed all-sport lake (one cleanest lakes in Indiana) and is connected by a 2-way channel to Little Chapman Lake (10 mph fishing lake). Good swimming and fishing right off the seawall (tapered firm lake bottom). Great location near the local marina convenience store and the CLCA Conservation Clubhouse and just a short boat ride to the social gathering areas (sandbars). Spectacular 4th of July fireworks on the lake thru the Conservation Association. NIPSCO natural gas, REMC electric, 4 inch well, newer septic system, Mediacom cable TV service, Leesburg Elementary School district.

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© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or North Eastern Group Realty. Data last updated: 2021-07-30T20:27:50.927.

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773 Chapman Lake Drive Warsaw, IN 46582

  • Price: $535,000
  • Status: Active
  • Updated: 73 min ago
  • MLS #: 202128645
6
Beds
4
Baths
0
½ Baths
0.62
Acres
2,618
SQFT
$204
$/SQFT
1953
Built
Neighborhood:
Waw Wil O Way Park
County:
Kosciusko
Area:
Kosciusko
Elementary School:
Leesburg
Middle School:
Lakeview
High School:
Warsaw
School District:
Warsaw Community
Property Description
Enjoy commanding views and beautiful sunsets over Big Chapman Lake with this year around home on a double lakefront lot on the popular east side on Chapman Lake Drive. Currently set up as a tri-plex, the upper level (previously leased for $1,300 per month) offers an open floor plan lakeside (living, dining, kitchen) with a glass slider leading to the 16x28 lakeside balcony deck. Master bedroom has a large walk-in closet, main bath has a dual sink vanity and a ceramic tiled shower. Lower level is finished into two apartments: 1 BR rents for $700 per month, and 2 BR rents for $700 per month (seller pays utilities and tenants can use the lower level patio area). Room info & measurements are for the main living area (upper). Mature shrubbery lined side property lines offers a private park like lakefront setting with ample room for social gatherings. Supplement your mortgage payment with income from the two lower level apartments, or rent out all 3 units and build your dream house later on. Rare double lot may allow the potential of two building sites for new construction. Big Chapman Lake is only two hours from Indianapolis or Chicago and is a spring fed all-sport lake (one cleanest lakes in Indiana) and is connected by a 2-way channel to Little Chapman Lake (10 mph fishing lake). Good swimming and fishing right off the seawall (tapered firm lake bottom). Great location near the local marina convenience store and the CLCA Conservation Clubhouse and just a short boat ride to the social gathering areas (sandbars). Spectacular 4th of July fireworks on the lake thru the Conservation Association. NIPSCO natural gas, REMC electric, 4 inch well, newer septic system, Mediacom cable TV service, Leesburg Elementary School district.
Exterior Features

Channel Frontage 0 Driveway ConcreteGravel Exterior Vinyl Fence None Lake Type Ski Lake Location Lake Lot Description LakeSlopeWaterfrontWater ViewWaterfront-Level Bank Lot Dimensions 80X354 Outbuilding None Parking GarageGravelOff Street Parking Spaces 8 Pool YN No Road Access County Road Surface Asphalt Roof Material Shingle Sea Wall Type Concrete Style One And Half Story Unit3 Garage Type Attached Water Access Lakefront Water Features Boat Docking Rights Water Frontage 80 Water Name Big Chapman Lake Water Type Lake Waterfront YN Yes

Interior Features

Above Grade Bedrooms 3 Above Grade Finished Sqft 2618 Above Grade Unfin Sq Ft 0 Amenities Breakfast BarCable ReadyDeck OpenDetector-SmokeGarage Door OpenerOpen Floor PlanPatio OpenTwin Sink VanityWater Heater GasWater Softener-OwnedWasher Hook-Up Basement Foundation CrawlDaylightOutside EntranceSlabWalk-Out Basement Basement Material Block Basement YN No Below Grade Baths 2 Below Grade Bedrooms 3 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 70 Cooling Central AirMultiple Cooling UnitsWindow Dishwashers 0 Disposals 0 Dryers 1 Flooring LaminatePart CarpetTile Heating Fuel GasForced AirWall HeaterMultiple Heating Systems Main Level Sq Ft 1274 Microwaves 1 Ranges Ovens 3 Refrigerators 3 Rooms Below Grade 7 Total Baths 4 Total Below Grade Sqft 70 Total Sq Ft 2688 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit3 Basement YN No Unit3 Bathrooms 2 Unit3 Bedrooms 3 Upper Level Sq Ft 1344 Wash Dry Hookups 1 Washers 1

Property Features

Annual Electric Expense 1870 Annual Fuel Expense 879 Annual Gross Rent 32400 Annual Insurance Expense 1853 Annual Maint Expense 1000 Annual Misc 2100 Annual Net Income 18822 Annual Property Tax 5607 Annual Trash Expense 269 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Assoc Restrictions YN No Cable Company Mediacom Common Amenities Cable Tv Antenna Documents Available Plat MapIncome/ExpensesLbp FormLeaseSellers Disclosure Efficiencies 0 Electric Company Remc Electric Meters 1 Energy Efficient Windows Energy Efficient Windows Doors Insulated Glass WindowsStorm Doors Exemptions No Exemptions Existing Financing Conventional For Sale Or Rent For Sale Four Bedrooms 0 Gas Company Nipsco Gas Meters 1 Government Subsidized YN No Gross Monthly Income 2700 Gross Monthly Rent 2700 Inside City Limits No Lease Term 1 Year New Construction No One Bedrooms 1 Owner Pays CableCoolingElectricFuelHeatingLawn MaintenanceMaintenanceSnow RemovalTaxTrash CollectionWater Softener Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Triplex Proposed Financing CashConventional Reo YN No Sale Includes Lease Sewer Septic Tenant Pays None Three Bedrooms 1 Township Plain Two Bedrooms 1 Unit1 Unit Rent 700 Unit2 Unit Rent 700 Unit3 Unit Rent 1300 Units Rented 2 Water Utility Well Well Type Private Year Taxes Payable 2021

Listing courtesy of Dave Blackwell of Blackwell Real Estate.
© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or North Eastern Group Realty.


© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or North Eastern Group Realty. Data last updated: 2021-07-30T20:27:50.927.

 
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North Eastern Group Realty
6114 Constitution Drive
Fort Wayne IN, 46804