NOT LISTED FOR SALE

1005 Rivermet Ave Unit 2 Fort Wayne, IN 46805

Northside Neighborhood

Estimated Value: $190,000 - $213,000

3 Beds
2 Baths
2,062 Sq Ft
$99/Sq Ft Est. Value

Last Sold January 04, 2021

Last sale price $140,000 $68 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,359/month

26 Days on Market

Highlights

  • 1 Car Detached Garage
  • Level Lot
  • Carpet
  • Central Air
  • Wood Siding

About This Home

As of January 2021

Since this property was purchased in 2009, the owners have invested heavily in the property. Both apartments have had new kitchens, new appliances, new central air, updated paint and flooring, new downstairs bath, new roof, new windows, new siding on the garage, updated the plumbing and new water heaters. That being said, this property is ideal because there is additional income potential with the garage, the location is just off downtown Fort Wayne and on a quiet neighborhood. Each apartment has it's own entrance with the downstairs apartment having a living room, large dining room, kitchen and 2 bedrooms as well as laundry. Access to the basement is through this apartment. Upstairs, there is a living room, kitchen, one bedroom and full bath and two extra rooms with access to attic. The original stairwell from when this home was a single family home is enclosed. This home also has a nice back yard. Each apartment is metered separately with the owners paying water bill.

Last Agent to Sell the Property

Kenson Dhanie

Mike Thomas Assoc., Inc Listed on: 10/15/2020

Mike Thomas Assoc., Inc

Last Buyer's Agent

Justin Longardner

CENTURY 21 Bradley Realty, Inc

CENTURY 21 Bradley Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,764

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 45x150
  • Level Lot

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for trash collection, water
  • Assessor Parcel Number 02-12-01-131-011.000-074

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $762
  • Maintenance Expense $805
  • Water Sewer Expense $1,359

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,764

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 120
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Lot 169 Lakeside Park Add
  • Parcel Number ID: 02-12-01-131-011.000-074
  • Platted: Yes
  • Amenities: Off Street Parking
  • Inside City Limits: Yes
  • Sp Lp Percent: 96.62
  • Monthly Gross Income: 1260
  • Special Features: None

Interior Features

  • Total Sq Ft: 2938
  • Total Finished Sq Ft: 2062
  • Above Grade Finished Sq Ft: 2062
  • Below Grade Sq Ft: 876
  • Price Per Sq Ft: 67.9
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Laminate, Vinyl
  • Main Level Sq Ft: 1146
  • Total Below Grade Sq Ft: 876
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 762
  • Annual Maintenance Expense: 805
  • Annual Water Sewer Expense: 1359
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Forest Park
  • Middle School: Lakeside
  • High School: North Side

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 45x150
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric, Fuel

Multi Family

  • Gross Monthly Rent: 1260
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1763.86

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Jan 4, 2021
Sold by
Herr Devon and Herr Debra
Bought by
Bradshaw Kathi
Seller's Agent
Kenson Dhanie
Mike Thomas Assoc., Inc
Buyer's Agent
Justin Longardner
CENTURY 21 Bradley Realty, Inc
List Price
$144,900
Sold Price
$140,000
Premium/Discount to List
-$4,900
-3.38%
Current Estimated Value
$204,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,401
Avg. Annual Appreciation
8.55%
Original Mortgage
$105,000
Outstanding Balance
$95,188
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$111,368

Purchase Details

Closed on
Feb 2, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Herr Devon and Herr Debra

Purchase Details

Closed on
Nov 19, 2008
Sold by
Nevils Jason B
Bought by
Deutsche Bank National Trust Company
Source: Public Records

Range of Values:

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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
Bradshaw Kathi $140,000 Centurion Land Title Inc
Herr Devon -- Resource Title Agency Of Cin
Deutsche Bank National Trust Company $25,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bradshaw Kathi $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2021 01/04/21 Sold $140,000 -3.4% $68 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $144,900 -- $70 / 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 $3,304 $171,800 $26,500 $145,300
2022 $3,186 $142,100 $21,400 $120,700
2021 $2,253 $100,900 $6,200 $94,700
2020 $1,794 $82,000 $5,400 $76,600
2019 $1,764 $81,000 $6,500 $74,500
2018 $1,776 $81,000 $6,800 $74,200
2017 $1,119 $50,600 $5,200 $45,400
2016 $1,096 $50,300 $5,300 $45,000
2014 $1,318 $63,400 $8,200 $55,200
2013 $1,380 $66,500 $8,700 $57,800
Source: Public Records

Agents Affiliated with this Home

  • Kenson Dhanie

    Seller's Agent in 2021

    Kenson Dhanie

    Mike Thomas Assoc., Inc

    (260) 249-0778

    5 in this area

    163 Total Sales

    Kenson Dhanie
    Section Image
  • Justin Longardner

    Buyer's Agent in 2021

    Justin Longardner

    CENTURY 21 Bradley Realty, Inc

    (260) 602-1690

    5 in this area

    154 Total Sales

    Justin Longardner
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202041731

Indiana Regional MLS

APN: 02-12-01-131-011.000-074

Indiana Allen County Fort Wayne 46805 Northside

1005 Rivermet Ave Unit 2, Fort Wayne, IN

This home is located at 1005 Rivermet Ave Unit 2, Fort Wayne, IN 46805 since 15 October 2020 and is currently estimated at $204,401, approximately $99 per square foot. This property was built in 1900. 1005 Rivermet Ave Unit 2 is a home located in Allen County with nearby schools including Forest Park Elementary School, Lakeside Middle School, and North Side 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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