NOT LISTED FOR SALE

1029 Lake Ave Fort Wayne, IN 46805

Northside Neighborhood

Estimated Value: $152,000 - $271,203

4 Beds
2 Baths
2,182 Sq Ft
$98/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $145,000 $66 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,422/month

1 Day on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Level Lot
  • 2 Car Detached Garage

About This Home

As of May 2024

Grand Lady that needs a little love and updating...

Last Agent to Sell the Property

Mary Sherer

ERA Crossroads Brokerage Phone: 260-348-4697 Listed on: 05/03/2024

ERA Crossroads

Last Buyer's Agent

Mary Sherer

ERA Crossroads Brokerage Phone: 260-348-4697 Listed on: 05/03/2024

ERA Crossroads

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,262

Year Built

  • Built in 1880

Lot Details

  • 6,750 Sq Ft Lot
  • Lot Dimensions are 45x150
  • Level Lot

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2.5-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Laundry in Basement

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable, electric, heating, snow removal
  • The owner pays for sewer, water
  • Assessor Parcel Number 02-12-01-135-021.000-074

Community Details

Overview

  • 2 Units
  • Lakeside Park Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Fuel Expense $1,800
  • Insurance Expense $1,200
  • Maintenance Expense $2,500
  • Trash Expense $360
  • Water Sewer Expense $600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,262

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1880
  • Age: 144
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 235 LAKESIDE PARK ADD
  • Parcel Number ID: 02-12-01-135-021.000-074
  • Platted: Yes
  • Amenities: Off Street Parking
  • Cross Street: Crescent
  • Inside City Limits: Yes
  • Sp Lp Percent: 96.67
  • Annual Miscellaneous: 1000
  • Monthly Gross Income: 2050
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2812
  • Total Finished Sq Ft: 2182
  • Above Grade Finished Sq Ft: 2182
  • Below Grade Sq Ft: 630
  • Price Per Sq Ft: 66.45
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Wood
  • Main Level Sq Ft: 1199
  • Total Below Grade Sq Ft: 630
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 2.5

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1800
  • Annual Fuel Expense: 1800
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 2500
  • Annual Trash Expense: 360
  • Annual Water Sewer Expense: 600
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Association 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: Level
  • Lot Dimensions: 45X150
  • Estimated Lot Sq Ft: 6750
  • Estimated Lot Size Acres: 0.16
  • Lot Number: 235

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Water
  • Tenant Pays: Cable, Electric, Heating, Snow Removal

Tax Info

  • Total Assessed Value: 217100
  • Annual Property Tax: 3262

Multi Family

  • Gross Monthly Rent: 2050
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

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
May 3, 2024
Closed on
May 17, 2024
Sold by
Moore Michael A
Bought by
Jmsherer Llc
Seller's Agent
Mary Sherer
ERA Crossroads
Buyer's Agent
Mary Sherer
ERA Crossroads
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Views
3
Current Estimated Value
$212,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,801
Avg. Annual Appreciation
33.56%

Purchase Details

Closed on
Oct 1, 2004
Sold by
Lehman Bruce A
Bought by
Moore Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,400
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Jmsherer Llc $145,000 Metropolitan Title
Moore Michael A -- Commonwealth-Dreibelbiss Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moore Michael A $68,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2024 05/20/24 Sold $145,000 -3.3% $66 / Sq Ft
05/04/2024 05/04/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $150,000 -- $69 / 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 $3,262 $248,600 $36,200 $212,400
2022 $2,866 $188,400 $27,000 $161,400
2021 $2,584 $169,300 $9,900 $159,400
2020 $2,337 $158,100 $9,900 $148,200
2019 $1,834 $130,900 $9,900 $121,000
2018 $1,751 $124,000 $9,900 $114,100
2017 $1,458 $102,600 $9,900 $92,700
2016 $1,464 $103,700 $9,900 $93,800
2014 $1,051 $84,900 $9,900 $75,000
2013 $894 $73,500 $8,300 $65,200
Source: Public Records

Agents Affiliated with this Home

  • Mary Sherer

    Seller's Agent in 2024

    Mary Sherer

    ERA Crossroads

    (260) 348-4697

    1 in this area

    383 Total Sales

    Mary Sherer
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Map

Source: Indiana Regional MLS

MLS Number: 202415637

Indiana Regional MLS

APN: 02-12-01-135-021.000-074

Indiana Allen County Fort Wayne 46805 Northside

1029 Lake Ave, Fort Wayne, IN

This home is located at 1029 Lake Ave, Fort Wayne, IN 46805 since 03 May 2024 and is currently estimated at $212,801, approximately $97 per square foot. This property was built in 1880. 1029 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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