NOT LISTED FOR SALE

1028 3rd St Fort Wayne, IN 46808

Hamilton Neighborhood

Estimated Value: $171,000 - $199,508

4 Beds
4 Baths
2,504 Sq Ft
$73/Sq Ft Est. Value

Last Sold March 29, 2019

Last sale price $95,000 $38 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,205/month

40 Days on Market

About This Home

As of March 2019

Cash Flow! Cash Flow! Cash Flow! This property is currently rented by a local not for profit which pays the rent for all four of the units guaranteed even if there is a tenant occupying a unit or not. This rental structure has been in place for over the last eleven years and there is no indication of any changes. This is perfect for the investor that wants to own a four unit property and not have to deal with all of the tenant turnover and screening only thing that would need to be done is the maintenance.

Last Agent to Sell the Property

Andrew Kershner

Mike Thomas Assoc., Inc Listed on: 12/28/2018

Mike Thomas Assoc., Inc

Last Buyer's Agent

Sam Hartman

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,179

Year Built

  • Built in 1910

Lot Details

  • 3,241 Sq Ft Lot
  • Lot Dimensions are 36 x90
  • Level Lot

Home Design

  • Quadruplex
  • Vinyl Construction Material

Interior Spaces

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

  • Bloomingdale Elementary School
  • Lakeside Middle School
  • North Side High School

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for fuel, maintenance, water
  • Assessor Parcel Number 02-12-03-233-017.000-074

Community Details

Overview

  • 4 Units
  • Crouse Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,179

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1910
  • Age: 109
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 4 CROUSES SUB ADD
  • Parcel Number ID: 02-12-03-233-017.000-074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Sp Lp Percent: 82.61
  • Year Taxes Payable: 2018
  • Special Features: None

Interior Features

  • Total Sq Ft: 3680
  • Total Finished Sq Ft: 2504
  • Above Grade Finished Sq Ft: 2504
  • Below Grade Sq Ft: 1176
  • Price Per Sq Ft: 37.94
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 1176
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 36 x90
  • Estimated Lot Sq Ft: 3241
  • Estimated Lot Size Acres: 0.0744

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Fuel, Maintenance, Water
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 1179.04

Multi Family

  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2023
Sold by
Batt Spencer and Rudicel Jordan
Bought by
Gerber Philip G
Total Days on Market
40
Current Estimated Value
$182,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,250
Outstanding Balance
$150,366
Interest Rate
6.79%
Mortgage Type
Construction
Estimated Equity
$32,470

Purchase Details

Closed on
Sep 10, 2020
Sold by
Rsb Ventures Group Llc
Bought by
Batt Spencer and Rudicel Jordan

Purchase Details

Listed on
Dec 28, 2018
Closed on
Mar 29, 2019
Sold by
Aga Realty Llc
Bought by
Rsb Venture Group Llc
Seller's Agent
Andrew Kershner
Mike Thomas Assoc., Inc
Buyer's Agent
Sam Hartman
Coldwell Banker Real Estate Group
List Price
$115,000
Sold Price
$95,000
Premium/Discount to List
-$20,000
-17.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.18%
Original Mortgage
$99,375
Interest Rate
4.3%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 14, 2006
Sold by
Bowman Neal D and Bowman Molly L
Bought by
Aga Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,700
Interest Rate
6.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 2005
Sold by
Davison Jack and Davison Mary C
Bought by
Bowman Neal D and Bowman Molly L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,800
Interest Rate
5.98%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Gerber Philip G $185,000 Metropolitan Title Of In
Batt Spencer -- None Available
Rsb Venture Group Llc $95,000 Riverbend Title Company
Aga Realty Llc -- None Available
Bowman Neal D -- Commonwealth-Dreibelbiss Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerber Philip G $157,250
Previous Owner Rsb Venture Group Llc $99,375
Previous Owner Aga Realty Llc $52,700
Previous Owner Bowman Neal D $44,800
Previous Owner Bowman Neal D $11,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2019 03/29/19 Sold $95,000 -17.4% $38 / Sq Ft
02/06/2019 02/06/19 Pending -- -- --
12/28/2018 12/28/18 For Sale $115,000 -- $46 / 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 $2,817 $155,900 $11,200 $144,700
2023 $2,817 $123,200 $8,800 $114,400
2022 $2,232 $99,300 $8,000 $91,300
2021 $1,854 $82,800 $4,100 $78,700
2020 $1,498 $68,700 $3,500 $65,200
2019 $1,155 $53,300 $4,200 $49,100
2018 $1,168 $53,300 $4,200 $49,100
2017 $1,179 $53,300 $4,200 $49,100
2016 $1,161 $53,300 $4,200 $49,100
2014 $1,108 $53,300 $4,200 $49,100
2013 $1,106 $53,300 $4,200 $49,100
Source: Public Records

Agents Affiliated with this Home

  • Andrew Kershner

    Seller's Agent in 2019

    Andrew Kershner

    Mike Thomas Assoc., Inc

    (260) 602-0757

    1 in this area

    45 Total Sales

    Andrew Kershner
    Section Image
  • Sam Hartman

    Buyer's Agent in 2019

    Sam Hartman

    Coldwell Banker Real Estate Group

    (260) 312-7302

    1 in this area

    142 Total Sales

    Sam Hartman
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201854926

Indiana Regional MLS

APN: 02-12-03-233-017.000-074

Indiana Allen County Fort Wayne 46808 Hamilton

1028 3rd St, Fort Wayne, IN

This home is located at 1028 3rd St, Fort Wayne, IN 46808 since 28 December 2018 and is currently estimated at $182,836, approximately $73 per square foot. This property was built in 1910. 1028 3rd St is a home located in Allen County with nearby schools including Bloomingdale 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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