NOT LISTED FOR SALE

1005 Franklin Ave Fort Wayne, IN 46808

Nebraska Neighborhood

Estimated Value: $186,000 - $223,000

3 Beds
5 Baths
2,262 Sq Ft
$90/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $150,000 $66 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,435/month

53 Days on Market

Highlights

  • Traditional Architecture
  • Carpet
  • 1-Story Property

About This Home

As of October 2021

THIS IS A HARD TO FIND A FIVE PLEX NEAR THE DOWNTOWN AREA . ALL FIVE OF THE ROOMS ARE CURRENTLY BE LEASED. THIS A GREAT INVESTMENT PROPERTY IN THE UP AND COMING LOCATION

Last Agent to Sell the Property

Kyle Calloway

North Eastern Group Realty Listed on: 07/30/2021

North Eastern Group Realty

Last Buyer's Agent

Terri Sonner

Life Key Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,352

Year Built

  • Built in 1900

Lot Details

  • 3,742 Sq Ft Lot
  • Lot Dimensions are 34 x 110

Home Design

  • Traditional Architecture
  • Vinyl Construction Material

Interior Spaces

  • 2,262 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Full Bathrooms

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Community Details

  • 5 Units

Listing and Financial Details

  • Tenant pays for electric, heating, sewer, water
  • The owner pays for electric, heating, sewer, water
  • Assessor Parcel Number 02-12-03-284-012.000-074

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,352

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1900
  • Age: 121
  • Style: One Story
  • Architectural Style: Traditional
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: LOT 10 PAPES 2ND ADD
  • Parcel Number ID: 02-12-03-284-012.000-074
  • Platted: Yes
  • Amenities: Off Street Parking, Water Heater Gas
  • Cross Street: Burgess
  • Sp Lp Percent: 75
  • Monthly Gross Income: 2100
  • Special Features: None

Interior Features

  • Total Sq Ft: 2262
  • Total Finished Sq Ft: 2262
  • Above Grade Finished Sq Ft: 2262
  • Price Per Sq Ft: 66.31
  • Basement Foundation: Unfinished
  • Flooring: Carpet, Laminate, Vinyl
  • Number Of Ranges Ovens: 5

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Conventional
  • Sewer: City
  • Water Utilities: City

Schools

  • School District: Fort Wayne Community
  • Elementary School: Washington
  • Middle School: Portage
  • High School: Wayne

Lot Info

  • Lot Dimensions: 34 x 110
  • Estimated Lot Sq Ft: 3742
  • Estimated Lot Size Acres: 0.0859
  • Lot Number: 10

Rental Info

  • Lease Term: 6 Months
  • Owner Pays: Electric, Heating, Sewer, Water
  • Tenant Pays: Electric, Heating, Sewer, Water

Tax Info

  • Total Assessed Value: 50600
  • Annual Property Tax: 1352

Multi Family

  • Gross Monthly Rent: 2100
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Oct 8, 2021
Sold by
Walter Michael E
Bought by
Pastors United Christians Trust and Marshall
Seller's Agent
Kyle Calloway
North Eastern Group Realty
Buyer's Agent
Terri Sonner
Life Key Realty
List Price
$225,995
Sold Price
$150,000
Premium/Discount to List
-$75,995
-33.63%
Current Estimated Value
$203,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,595
Avg. Annual Appreciation
8.16%

Purchase Details

Closed on
May 9, 2008
Sold by
Walter Andrea L
Bought by
Walter Michael E

Purchase Details

Closed on
Jan 24, 2002
Sold by
Walter Michael E and Walter Andrea L
Bought by
Walter Michael E and Walter Andrea L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,600
Interest Rate
7.24%
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
Pastors United Christians Trust -- Metropolitan Title
Walter Michael E -- None Available
Walter Michael E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walter Michael E $84,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2021 10/13/21 Sold $150,000 -25.0% $66 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
08/14/2021 08/14/21 Price Changed $199,995 -11.5% $88 / Sq Ft
07/30/2021 07/30/21 For Sale $225,995 -- $100 / 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 $3,914 $169,500 $7,900 $161,600
2022 $1,897 $84,400 $4,400 $80,000
2021 $1,671 $74,600 $4,300 $70,300
2020 $1,352 $61,800 $3,700 $58,100
2019 $1,102 $50,600 $6,300 $44,300
2018 $1,109 $50,600 $6,300 $44,300
2017 $1,119 $50,600 $6,300 $44,300
2016 $1,103 $50,600 $6,300 $44,300
2014 $1,031 $49,600 $5,900 $43,700
2013 $1,030 $49,600 $5,900 $43,700
Source: Public Records

Agents Affiliated with this Home

  • Kyle Calloway

    Seller's Agent in 2021

    Kyle Calloway

    North Eastern Group Realty

    (260) 402-1534

    1 in this area

    23 Total Sales

    Kyle Calloway
    Section Image

  • T

    Buyer's Agent in 2021

    Terri Sonner

    Life Key Realty

    (260) 701-9384

    3 in this area

    37 Total Sales

    Terri Sonner
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202130956

Indiana Regional MLS

APN: 02-12-03-284-012.000-074

Indiana Allen County Fort Wayne 46808 Nebraska

1005 Franklin Ave, Fort Wayne, IN

This home is located at 1005 Franklin Ave, Fort Wayne, IN 46808 since 30 July 2021 and is currently estimated at $203,595, approximately $90 per square foot. This property was built in 1900. 1005 Franklin Ave is a home located in Allen County with nearby schools including Washington Elementary School, Portage Middle School, and Wayne High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for 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 not guaranteed.

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