NOT LISTED FOR SALE

1034 Rivermet Ave Fort Wayne, IN 46805

Northside Neighborhood

Estimated Value: $187,000 - $247,000

5 Beds
5 Baths
2,465 Sq Ft
$88/Sq Ft Est. Value

Last Sold January 17, 2019

Last sale price $80,975 $33 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $1,511/month

18 Days on Market

Highlights

  • Lake Property
  • Central Air
  • Carpet
  • Covered patio or porch

About This Home

As of January 2019

The price stated on this property is the assessed tax value (as a guideline). This property is being sold at public auction on Thursday, December 13, 2018. Auction begins at 4:00 p.m. This property may sell for more or less than the assessed value, depending on the outcome of the auction bidding. Multi-unit rental property in Fort Wayne. Don't miss this opportunity of a lifetime. 4 spectacular rental units available for auction. These rental units generate great cash flow with little effort. Join us auction day for your chance at owning one of these beautiful properties. Visit our website to see additional properties. INVESTMENT OPPORTUNITY | $1,025+ PER MONTH INCOME | SEPARATE ELECTRICAL UTILITIES

Last Agent to Sell the Property

Tim McCulloch

Scheerer McCulloch Real Estate Listed on: 11/25/2018

Last Buyer's Agent

Abbie Stombaugh

eXp Realty, LLC

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,135

Year Built

  • Built in 1905

Lot Details

  • 6,046 Sq Ft Lot
  • Lot Dimensions are 31 x 150

Home Design

  • Quadruplex
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Carpet
  • Unfinished Basement
  • Crawl Space
  • Storage In Attic
  • Washer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Lake Property
  • Covered patio or porch

Location

  • Suburban Location

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable, cooling, electric
  • The owner pays for fuel, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 02-12-01-135-009.000-074

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $462
  • Fuel Expense $1,368
  • Insurance Expense $262
  • Water Sewer Expense $2,006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,135

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1905
  • Age: 113
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: EX E 14FT OF S 50 LOT 245 LAKESIDE PARK ADD |
  • Parcel Number ID: 02-12-01-135-009.000-074
  • Platted: Yes
  • Amenities: Basement, Attic Storage, Porch Covered, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1995
  • Special Features: None

Interior Features

  • Total Sq Ft: 3461
  • Total Finished Sq Ft: 2465
  • Above Grade Finished Sq Ft: 2465
  • Below Grade Sq Ft: 996
  • Price Per Sq Ft: 32.85
  • Basement: Yes
  • Basement Foundation: Crawl, Unfinished
  • Basement Material: Poured Concrete
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 996
  • Number Of Ranges Ovens: 5

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 2
  • Parking: Gravel, Off Street, Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 461.62
  • Annual Fuel Expense: 1368
  • Annual Insurance Expense: 262
  • Annual Water Sewer Expense: 2006.1
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

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

Lot Info

  • Lot Description: Lake
  • Lot Dimensions: 31 x 150
  • Estimated Lot Sq Ft: 6046
  • Estimated Lot Size Acres: 0.1388

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Fuel, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric

Multi Family

  • Gross Monthly Rent: 1995
  • Number Of Dryers: 1
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 5
  • Num Of Units Rented: 5

Tax Info

  • Annual Property Tax: 1135

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2023
Sold by
1034 Rivermet Trust
Bought by
Harrier Llc
Current Estimated Value
$215,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,151,904
Outstanding Balance
$1,091,199
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
-$884,699

Purchase Details

Listed on
Nov 25, 2018
Closed on
Jan 15, 2019
Sold by
Star Financial Bank
Bought by
1034 Riverment Trust
Seller's Agent
Tim McCulloch
Scheerer McCulloch Real Estate
Buyer's Agent
Abbie Stombaugh
eXp Realty, LLC
List Price
$51,300
Sold Price
$80,975
Premium/Discount to List
$29,675
57.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.34%
Original Mortgage
$281,500
Interest Rate
4.7%
Mortgage Type
Commercial
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
Harrier Llc -- None Listed On Document
1034 Riverment Trust $79,000 Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harrier Llc $1,151,904
Previous Owner Stombaugh Abbey M $190,000
Previous Owner 1034 Riverment Trust $281,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2019 01/17/19 Sold $80,975 +57.8% $33 / Sq Ft
12/13/2018 12/13/18 Pending -- -- --
11/25/2018 11/25/18 For Sale $51,300 -- $21 / 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 $4,012 $211,700 $26,500 $185,200
2022 $2,946 $131,100 $16,300 $114,800
2021 $2,894 $129,200 $6,400 $122,800
2020 $2,512 $114,800 $6,200 $108,600
2019 $3,260 $149,700 $9,300 $140,400
2018 $1,125 $51,300 $8,500 $42,800
2017 $1,135 $51,300 $8,500 $42,800
2016 $1,118 $51,300 $8,500 $42,800
2014 $1,066 $51,300 $8,500 $42,800
2013 $1,065 $51,300 $8,500 $42,800
Source: Public Records

Agents Affiliated with this Home

  • Tim McCulloch

    Seller's Agent in 2019

    Tim McCulloch

    Scheerer McCulloch Real Estate

    (260) 740-6429

    5 in this area

    351 Total Sales

    Section Image

  • A

    Buyer's Agent in 2019

    Abbie Stombaugh

    eXp Realty, LLC

    (260) 615-2727

    1 in this area

    5 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201851641

Indiana Regional MLS

APN: 02-12-01-135-009.000-074

Indiana Allen County Fort Wayne 46805 Northside

1034 Rivermet Ave, Fort Wayne, IN

This home is located at 1034 Rivermet Ave, Fort Wayne, IN 46805 since 25 November 2018 and is currently estimated at $217,000, approximately $88 per square foot. This property was built in 1905. 1034 Rivermet 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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