NOT LISTED FOR SALE

1005 W Wayne St Fort Wayne, IN 46802

West Central Neighborhood

Estimated Value: $223,280 - $348,000

5 Beds
4 Baths
2,237 Sq Ft
$132/Sq Ft Est. Value

Last Sold July 29, 2015

Last sale price $100,000 $45 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $2,015/month

60 Days on Market

Highlights

  • Wood Flooring
  • Storm Windows
  • Laundry closet
  • Covered Patio or Porch
  • Entrance Foyer
  • Landscaped

About This Home

As of July 2015

Ideal 4-plex on a tree-lined residential street in the artistic West Central neighborhood located within walking distance of downtown. Main floor front unit #1 has a one-year lease until April 2016, gas forced air, central air, stackable W&D, dishwasher, 2 bedrooms, about 627 sq ft. Main floor back unit #2 offers ext entrance on east side, one bedroom, LR, kit, about 374 sq. ft. Unit 3 upstairs front occupies part of second floor and third floor for approx 840 sq ft inc LR, 1bdrm, kit, den, bonus room. Unit #4 upstairs back also has entrance from east side of building, offering LR, kit, 1 bdrm approx 396 sq ft. Units 2-4 pay month-to-month rent, have elec baseboard heat with window a/c units, no W&D service, no dishwashers. Two-car det garage offered to tenants as storage. Roof approx 10 years. Unit #1 furnace 2015, a/c unit 2010. Access to cellar from back of house.

Last Agent to Sell the Property

Beth Goldsmith

North Eastern Group Realty Listed on: 04/13/2015

North Eastern Group Realty

Co-Listed By

Lynette Johnson

North Eastern Group Realty

Last Buyer's Agent

Adam Atherton

Uptown Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,974

Year Built

  • Built in 1920

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 150 x 25
  • Landscaped
  • Level Lot
  • Historic Home

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Entrance Foyer
  • Basement
  • Basement Cellar
  • Laminate Countertops
  • Laundry closet

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Schools

  • Washington Elementary School
  • Kekionga Middle School
  • South Side High School

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating
  • The owner pays for building insurance, lawn maintenance, maintenance, snow removal, sewer, tax, trash collection, water
  • Assessor Parcel Number 02-12-02-359-005.000-074

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 4 Separate Water Meters
  • Insurance Expense $583
  • Maintenance Expense $760
  • Water Sewer Expense $960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,974

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1920
  • Age: 95
  • Style: Multi-Story (3+)
  • Architectural Style: Historic
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: W 1/2 Lot 117 Rockhills 1 St Amd Addn |
  • Parcel Number ID: 02-12-02-359-005.000-074
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Cable Ready, Countertops-Laminate, Detector-Smoke, Foyer Entry, Landscaped, Porch Covered, Storm Windows, Water Heater Gas
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 90.91
  • Annual Miscellaneous: 1200
  • Monthly Gross Income: 1350
  • Year Taxes Payable: 2015
  • Special Features: None

Interior Features

  • Total Sq Ft: 3238
  • Total Finished Sq Ft: 2237
  • Above Grade Finished Sq Ft: 2237
  • Below Grade Sq Ft: 1001
  • Price Per Sq Ft: 44.7
  • Basement: Yes
  • Basement Foundation: Cellar
  • Flooring: Carpet, Vinyl Tile, Wood
  • Main Level Sq Ft: 1001
  • Total Below Grade Sq Ft: 1001
  • Number Of Disposals: 1
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Wood
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Parking: Street

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Electricity, Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 583
  • Annual Maintenance Expense: 760
  • Annual Water Sewer Expense: 960
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 4

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Washington
  • Middle School: Kekionga
  • High School: South Side
  • Elementary School: Washington

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 150 x 25
  • Estimated Lot Sq Ft: 3485
  • Estimated Lot Size Acres: 0.08
  • Lot Number: 117

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating

Multi Family

  • Gross Monthly Rent: 1350
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1974.38

MLS Schools

  • High School: South Side
  • Middle School: Kekionga
  • School District: Fort Wayne Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jul 29, 2015
Sold by
Codding Laurence W and Codding Barbara S
Bought by
Miles Lee and Miles Jeana
Seller's Agent
Beth Goldsmith
North Eastern Group Realty
Buyer's Agent
Adam Atherton
Uptown Realty Group
List Price
$120,000
Sold Price
$100,000
Premium/Discount to List
-$20,000
-16.67%
Current Estimated Value
$294,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,427
Avg. Annual Appreciation
11.49%
Original Mortgage
$75,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 4, 2002
Sold by
Codding Laurence W and Codding Barbara S
Bought by
Laurence & Barbara Codding Living Revoca

Purchase Details

Closed on
Mar 12, 2001
Sold by
D & D Properties Llc
Bought by
Codding Laurence W and Codding Barbara S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
7.13%
Mortgage Type
Commercial
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
Miles Lee -- None Available
Laurence & Barbara Codding Living Revoca -- Metropolitan Title Indiana L
Codding Laurence W -- Metropolitan Title Indiana L
Codding Laurence W -- Three Rivers Title Co Inc
D & D Properties Llc -- Three Rivers Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miles Lee $175,000
Closed Miles Lee $178,500
Closed Miles Lee $75,000
Previous Owner Codding Laurence W $54,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2015 07/29/15 Sold $100,000 -16.7% $45 / Sq Ft
06/12/2015 06/12/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $120,000 -- $54 / 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 $4,929 $213,700 $38,800 $174,900
2023 $4,929 $215,600 $38,800 $176,800
2022 $4,805 $213,800 $38,800 $175,000
2021 $3,926 $175,300 $38,800 $136,500
2020 $3,742 $171,000 $38,800 $132,200
2019 $3,918 $179,900 $11,900 $168,000
2018 $3,593 $163,900 $11,900 $152,000
2017 $2,115 $95,600 $11,900 $83,700
2016 $1,637 $95,600 $11,900 $83,700
2014 $1,974 $95,000 $8,800 $86,200
2013 $1,432 $69,000 $8,800 $60,200
Source: Public Records

Agents Affiliated with this Home

  • Beth Goldsmith

    Seller's Agent in 2015

    Beth Goldsmith

    North Eastern Group Realty

    (260) 414-9903

    1 in this area

    247 Total Sales

    Section Image
  • Lynette Johnson

    Seller Co-Listing Agent in 2015

    Lynette Johnson

    North Eastern Group Realty

    (260) 403-4895

    1 in this area

    144 Total Sales

    Section Image

  • A

    Buyer's Agent in 2015

    Adam Atherton

    Uptown Realty Group

    (260) 415-5206

    32 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201515285

Indiana Regional MLS

APN: 02-12-02-359-005.000-074

Indiana Allen County Fort Wayne 46802 West Central

1005 W Wayne St, Fort Wayne, IN

This home is located at 1005 W Wayne St, Fort Wayne, IN 46802 since 13 April 2015 and is currently estimated at $294,427, approximately $131 per square foot. This property was built in 1920. 1005 W Wayne St 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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