$215,000
SOLD JUL 9, 2021
5 Beds
3 Baths
2,880 Sq Ft
1,999 Sq Ft Lot

Recently Sold

$75 Per Sq Ft

2% Above List Price

2 Days on Market

Highlights

  • Traditional Architecture
  • Level Lot
  • Carpet
  • Baseboard Heating
  • Wood Siding
  • 3-minute walk to Moody Park

About This Home

As of July 2021

Fantastic investment opportunity in the heart of the West Central district. This Tri-plex offers 2 - two bedroom units and 1 single bedroom unit all with full kitchens and one full bath in each. Each unit has it's own entrance and some updates have been completed such as a complete roof was a tear off replacement in 2015, fresh exterior paint in 2016. Some units have newer flooring and appliances. One unit has a new water heater. Units are all electric (tenant paid) on separate meters. Owner pays for water/sewer/trash ($110/month) along with taxes, insurance and maintenance. Appliances in each unit remain. Unit 1 tenant is leaving at the end of June and lower level unit is currently vacant. Second level tenant is a long term tenant and the other two will be ready for the new owner to raise the rent to current market values. Property management is in place for the investor who prefers an off hands approach.

Last Agent to Sell the Property

Tim Haber

CENTURY 21 Bradley Realty, Inc Listed on: 06/07/2021

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

Brandon Steffen

Steffen Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,457

Year Built

  • Built in 1906

Lot Details

  • 1,999 Sq Ft Lot
  • Lot Dimensions are 40x50
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Poured Concrete
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • 1 Bathroom in Basement
  • 1 Bedroom in Basement
  • Natural lighting in basement

Location

  • Suburban Location

Utilities

  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 02-12-10-232-017.000-074

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $840
  • Maintenance Expense $500
  • Water Sewer Expense $1,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,457

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1906
  • Age: 115
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Rockhill & Nelson Add N 40 Lot 36
  • Parcel Number ID: 02-12-10-232-017.000-074
  • Platted: Yes
  • Amenities: Countertops-Laminate, Water Heater Electric
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 1
  • Sp Lp Percent: 102.38
  • Monthly Gross Income: 1370
  • Special Features: None

Interior Features

  • Total Sq Ft: 2880
  • Total Finished Sq Ft: 2880
  • Above Grade Finished Sq Ft: 1920
  • Below Grade Finished Sq Ft: 960
  • Price Per Sq Ft: 111.98
  • Basement: Yes
  • Basement Foundation: Daylight, Walk-Out Basement, Finished
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 960
  • Number Of Ranges Ovens: 3
  • Number Ttl Rooms Below Grade: 2

Exterior Features

  • Exterior: Wood
  • Roof Material: Dimensional Shingles
  • Stories: 2

Garage/Parking

  • Parking: Off Street

Utilities

  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Cable Company: Comcast
  • Annual Insurance Expense: 840
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1320

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40x50
  • Estimated Lot Sq Ft: 1999
  • Estimated Lot Size Acres: 0.0459
  • Lot Number: 36

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 151500
  • Annual Property Tax: 3457

Multi Family

  • Gross Monthly Rent: 1370
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2021
Closed on
Jul 9, 2021
Sold by
Delanor Consulants Llc
Bought by
A And J Llc
Seller's Agent
Tim Haber
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Brandon Steffen
Steffen Group
List Price
$210,000
Sold Price
$215,000
Premium/Discount to List
$5,000
2.38%
Current Estimated Value
$279,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,590
Avg. Annual Appreciation
8.15%
Original Mortgage
$161,250
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 15, 2016
Closed on
Sep 14, 2016
Sold by
Freed Gregory and Freed Jill
Bought by
Delanor Consultants Llc
Seller's Agent
Beth Walker
Fairfield Group REALTORS, Inc.
Buyer's Agent
Tim Haber
CENTURY 21 Bradley Realty, Inc
List Price
$109,000
Sold Price
$107,000
Premium/Discount to List
-$2,000
-1.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.58%
Original Mortgage
$75,600
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2010
Sold by
Ball Cheryl M
Bought by
Freed Gregory and Freed Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,250
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2006
Sold by
Poffenberg Richard
Bought by
Ball Cheryl M

Purchase Details

Closed on
Jan 4, 2005
Sold by
Knight Aaron and Knight Aaron W
Bought by
Poffenberger Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 31, 2003
Sold by
Cline John M and Cline Connie J
Bought by
Knight Aaron W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,250
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $215,000 Metropolitan Title Of In Llc
Deed -- None Available
Warranty Deed -- Lawyers Title
Warranty Deed -- Lawyers Title
Warranty Deed -- Lawyers Title
Contract Of Sale $105,000 Century Title Services
Warranty Deed -- Three Rivers Title Co Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $73,498 New Conventional
Open $3,336,000 New Conventional
Closed $161,250 Future Advance Clause Open End Mortgage
Previous Owner $500,000 Commercial
Previous Owner $75,600 Commercial
Previous Owner $47,250 New Conventional
Previous Owner $100,000 Seller Take Back
Previous Owner $52,250 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2021 07/09/21 Sold $215,000 +2.4% $75 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $210,000 +96.3% $73 / Sq Ft
09/14/2016 09/14/16 Sold $107,000 -1.8% $37 / Sq Ft
08/30/2016 08/30/16 Pending -- -- --
08/15/2016 08/15/16 For Sale $109,000 -- $38 / 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 $4,568 $198,000 $34,700 $163,300
2023 $4,568 $199,800 $34,700 $165,100
2022 $4,450 $198,000 $34,700 $163,300
2021 $3,711 $165,700 $30,300 $135,400
2020 $3,457 $158,000 $28,400 $129,600
2019 $2,733 $125,500 $10,600 $114,900
2018 $1,440 $65,700 $5,000 $60,700
2017 $1,296 $58,600 $5,500 $53,100
2016 $1,268 $58,200 $5,700 $52,500
2014 $1,249 $60,100 $6,600 $53,500
2013 $1,038 $50,000 $7,800 $42,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202121469

Indiana Regional MLS

APN: 02-12-10-232-017.000-074