NOT LISTED FOR SALE

1011 Lake Ave Fort Wayne, IN 46805

Northside Neighborhood

Estimated Value: $237,000 - $255,957

4 Beds
4 Baths
2,300 Sq Ft
$106/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $220,000 $96 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,679/month

2 Days on Market

Highlights

  • The property is located in a historic district
  • Luxury Vinyl Tile Flooring
  • Forced Air Heating System
  • Covered Patio or Porch

About This Home

As of May 2023

Here's a chance to own a spacious 4 plex within walking distance to Lakeside Park! This property can be a cash flowing machine with 3 current rented units and currently 1 vacant unit that has been recently updated and is ready for a tenant! Please do not bother the tenants. Schedule your showing today.

Last Agent to Sell the Property

Brandon Stone

CENTURY 21 Bradley Realty, Inc Listed on: 04/11/2023

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

Michael Wyss

CENTURY 21 Bradley Realty, Inc

CENTURY 21 Bradley Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,700

Year Built

  • Built in 1905

Lot Details

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

Home Design

  • Quadruplex
  • Planned Development
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Laundry in Basement

Flooring

  • Carpet
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Car Garage
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Location

  • Suburban Location
  • The property is located in a historic district

Schools

  • Forest Park Elementary School
  • Lakeside Middle School
  • North Side High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for heating, sewer, trash collection, water
  • Assessor Parcel Number 02-12-01-135-016.000-074

Community Details

Overview

  • 4 Units
  • Lake Side / Lakeside Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Fuel Expense $1,500
  • Insurance Expense $800
  • Maintenance Expense $800
  • Water Sewer Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,700

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1905
  • Age: 118
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 180 LAKESIDE PARK ADD
  • Parcel Number ID: 02-12-01-135-016.000-074
  • Platted: Yes
  • Amenities: Basement, Near Walking Trail, Porch Covered
  • Location: City/Town/Suburb, Historic District
  • Sp Lp Percent: 100.05
  • Monthly Gross Income: 1325
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 4584
  • Total Finished Sq Ft: 2300
  • Above Grade Finished Sq Ft: 2300
  • Above Grade Unfinished Sq Ft: 1112
  • Below Grade Sq Ft: 1172
  • Price Per Sq Ft: 95.65
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Carpet, Laminate, Vinyl Tile
  • Total Below Grade Sq Ft: 1172
  • Number Of Ranges Ovens: 4
  • Number Ttl Rooms Below Grade: 10

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Street

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Annual Electric: 1500
  • Annual Fuel Expense: 1500
  • Annual Insurance Expense: 800
  • Annual Maintenance Expense: 800
  • Annual Water Sewer Expense: 1200
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Of W D Hookups: 4
  • 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
  • Elementary School: Forest Park

Lot Info

  • Lot Description: Planned Unit Development
  • Lot Dimensions: 45x150
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Heating, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1325
  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 3
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 2700

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2023
Closed on
May 5, 2023
Sold by
Ace Properties & Investments Llc
Bought by
Trinity Property Management Group Llc
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Michael Wyss
CENTURY 21 Bradley Realty, Inc
List Price
$219,900
Sold Price
$220,000
Premium/Discount to List
$100
0.05%
Views
32
Current Estimated Value
$243,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,986
Avg. Annual Appreciation
3.32%
Original Mortgage
$165,000
Outstanding Balance
$156,618
Interest Rate
6.32%
Mortgage Type
Construction
Estimated Equity
$80,519

Purchase Details

Listed on
Apr 11, 2023
Closed on
Apr 14, 2023
Sold by
Coon Kenneth E
Bought by
Ace Properties & Investments Llc
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Michael Wyss
CENTURY 21 Bradley Realty, Inc
List Price
$219,900
Sold Price
$220,000
Premium/Discount to List
$100
0.05%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$156,618
Interest Rate
6.32%
Mortgage Type
Construction
Estimated Equity
$80,519

Purchase Details

Closed on
Dec 10, 2003
Sold by
Sordelet Richard
Bought by
Coon Ken E and Coon Marcia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.03%
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
Trinity Property Management Group Llc $220,000 Centurion Land Title
Ace Properties & Investments Llc $130,000 Centurion Land Title
Coon Ken E -- Metropolitan Title In Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trinity Property Management Group Llc $165,000
Previous Owner Coon Ken E $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2023 05/08/23 Sold $220,000 0.0% $96 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
04/11/2023 04/11/23 For Sale $219,900 -- $96 / 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 $4,197 $190,500 $23,000 $167,500
2023 $4,197 $183,600 $20,400 $163,200
2022 $2,785 $123,900 $16,000 $107,900
2021 $2,735 $122,100 $6,400 $115,700
2020 $1,864 $85,200 $4,800 $80,400
2019 $1,350 $62,000 $9,900 $52,100
2018 $1,359 $62,000 $9,900 $52,100
2017 $1,372 $62,000 $9,900 $52,100
2016 $1,351 $62,000 $9,900 $52,100
2014 $956 $46,100 $9,000 $37,100
2013 $955 $46,100 $9,000 $37,100
Source: Public Records

Agents Affiliated with this Home

  • Brandon Stone

    Seller's Agent in 2023

    Brandon Stone

    CENTURY 21 Bradley Realty, Inc

    (260) 446-5159

    15 in this area

    556 Total Sales

    Brandon Stone
    Section Image

  • M

    Buyer's Agent in 2023

    Michael Wyss

    CENTURY 21 Bradley Realty, Inc

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202310714

Indiana Regional MLS

APN: 02-12-01-135-016.000-074

Indiana Allen County Fort Wayne 46805 Northside

1011 Lake Ave, Fort Wayne, IN

This home is located at 1011 Lake Ave, Fort Wayne, IN 46805 since 11 April 2023 and is currently estimated at $243,986, approximately $106 per square foot. This property was built in 1905. 1011 Lake Ave 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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