NOT LISTED FOR SALE

1034 Lake Ave Fort Wayne, IN 46805

Northside Neighborhood

Estimated Value: $213,000 - $243,000

4 Beds
4 Baths
2,381 Sq Ft
$96/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $212,500 $89 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,362/month

12 Days on Market

Highlights

  • Forced Air Heating System
  • Community Storage Space
  • Carpet
  • Level Lot

About This Home

As of March 2024

Discover an ideal investment opportunity near downtown Fort Wayne! This fourplex sits in the Lakeside Park subdivision and is in close proximity to numerous parks, restaurants, lively entertainment, and the Rivergreenway walking trail. Open front porch with four fully rented units from $525 to $620/mo. Garage works as storage area for renters, and the driveway extends from Lake Ave to alley for extra parking. Don’t miss out on this promising investment!

Last Agent to Sell the Property

Jared Kent

Anthony REALTORS Brokerage Phone: 260-433-1015 Listed on: 01/31/2024

Last Buyer's Agent

Sean Stinson

E. L. S. Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,821

Year Built

  • Built in 1900

Lot Details

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

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex

Interior Spaces

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for building insurance, fuel, maintenance, sewer, water
  • Assessor Parcel Number 02-12-01-180-009.000-074

Community Details

Overview

  • 4 Units
  • Lakeside Park Subdivision

Amenities

  • Community Storage Space

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $398
  • Fuel Expense $492
  • Insurance Expense $1,468
  • Maintenance Expense $1,251
  • Water Sewer Expense $2,008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,821

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1900
  • Age: 124
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 243 LAKESIDE PARK ADD
  • Parcel Number ID: 02-12-01-180-009.000-074
  • Platted: Yes
  • Amenities: Storage
  • Sp Lp Percent: 96.63
  • Annual Miscellaneous: 300
  • Monthly Gross Income: 2155
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 3029
  • Total Finished Sq Ft: 2381
  • Above Grade Finished Sq Ft: 2381
  • Below Grade Sq Ft: 648
  • Price Per Sq Ft: 89.25
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 648
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 397.95
  • Annual Fuel Expense: 492.31
  • Annual Insurance Expense: 1468.03
  • Annual Maintenance Expense: 1250.5
  • Annual Water Sewer Expense: 2008.3
  • Number Of W D Hookups: 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: Level
  • Lot Dimensions: 45X150
  • Estimated Lot Sq Ft: 6750
  • Estimated Lot Size Acres: 0.16
  • Lot Number: 243

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Fuel, Maintenance, Sewer, Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 2155
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 3820.76

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
Jan 31, 2024
Closed on
Mar 13, 2024
Sold by
Bussey Joshua A and Fam Elizabeth
Bought by
Coastal Shores Llc
Seller's Agent
Jared Kent
Anthony REALTORS
Buyer's Agent
Sean Stinson
E. L. S. Realty Group
List Price
$219,900
Sold Price
$212,500
Premium/Discount to List
-$7,400
-3.37%
Views
36
Current Estimated Value
$228,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,188
Avg. Annual Appreciation
4.82%
Original Mortgage
$318,750
Outstanding Balance
$299,261
Interest Rate
5.94%
Mortgage Type
New Conventional
Estimated Equity
-$70,573

Purchase Details

Closed on
May 10, 2023
Sold by
Bussey Joshua and Bussey Elizabeth
Bought by
Joshua A Bussey And Elizabeth Bussey Family R

Purchase Details

Closed on
May 3, 2023
Sold by
Bussey Joshua and Bussey Elizabeth
Bought by
Joshua A Bussey And Elizabeth Bussey Family R and Bussey

Purchase Details

Listed on
Apr 17, 2018
Closed on
May 25, 2018
Sold by
White-Exner Enterprises Llc
Bought by
Long C
Seller's Agent
Scott Malcolm
eXp Realty, LLC
Buyer's Agent
Jared Kent
Anthony REALTORS
List Price
$116,900
Sold Price
$116,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.55%
Original Mortgage
$87,675
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2005
Sold by
White Tracy and Exner David E
Bought by
White Exner Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
5.68%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 31, 2003
Sold by
Webber Jerry D and Webber Tina M
Bought by
Exner David E and White Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.31%
Mortgage Type
Unknown
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
Coastal Shores Llc $212,500 Centurion Land Title
Joshua A Bussey And Elizabeth Bussey Family R -- Fidelity National Title
Joshua A Bussey And Elizabeth Bussey Family R -- Fidelity National Title
Long C $116,900 --
Long Thomas J $116,900 Centrurion Land Title Inc
White Exner Enterprises Llc -- Commonwealth-Dreibelbiss Tit
Exner David E -- Commonwealth/Dreibelbiss Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coastal Shores Llc $318,750
Previous Owner Long Thomas J $87,675
Previous Owner White Exner Enterprises Llc $88,000
Previous Owner Exner David E $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $212,500 -3.4% $89 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
01/31/2024 01/31/24 For Sale $219,900 +24.9% $92 / Sq Ft
03/04/2022 03/04/22 Sold $176,000 -2.2% $74 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
12/16/2021 12/16/21 For Sale $179,900 0.0% $76 / Sq Ft
12/16/2021 12/16/21 Price Changed $179,900 +2.2% $76 / Sq Ft
10/09/2021 10/09/21 Off Market $176,000 -- --
07/09/2021 07/09/21 For Sale $174,900 +49.6% $73 / Sq Ft
05/25/2018 05/25/18 Sold $116,900 0.0% $49 / Sq Ft
04/20/2018 04/20/18 Pending -- -- --
04/17/2018 04/17/18 For Sale $116,900 -- $49 / 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 $1,805 $261,600 $36,200 $225,400
2023 $3,610 $157,900 $18,600 $139,300
2022 $3,821 $170,000 $23,100 $146,900
2021 $2,250 $98,700 $9,900 $88,800
2020 $2,026 $166,800 $9,900 $156,900
2019 $3,162 $145,200 $9,900 $135,300
2018 $1,083 $49,400 $9,900 $39,500
2017 $1,093 $49,400 $9,900 $39,500
2016 $1,076 $49,400 $9,900 $39,500
2014 $1,525 $73,400 $9,900 $63,500
2013 $1,700 $81,900 $9,900 $72,000
Source: Public Records

Agents Affiliated with this Home

  • Jared Kent

    Seller's Agent in 2024

    Jared Kent

    Anthony REALTORS

    (260) 433-1015

    7 in this area

    159 Total Sales

    Jared Kent
    Section Image

  • S

    Buyer's Agent in 2024

    Sean Stinson

    E. L. S. Realty Group

    (260) 704-1381

    2 in this area

    38 Total Sales

    Sean Stinson
    Section Image
  • Scott Malcolm

    Seller's Agent in 2018

    Scott Malcolm

    eXp Realty, LLC

    (502) 773-2564

    1 in this area

    89 Total Sales

    Scott Malcolm
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202403047

Indiana Regional MLS

APN: 02-12-01-180-009.000-074

Indiana Allen County Fort Wayne 46805 Northside

1034 Lake Ave, Fort Wayne, IN

This home is located at 1034 Lake Ave, Fort Wayne, IN 46805 since 31 January 2024 and is currently estimated at $228,688, approximately $96 per square foot. This property was built in 1900. 1034 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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