$51,000
SOLD NOV 28, 2017
2 Beds
2 Baths
1,892 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$27 Per Sq Ft

21% Below List Price

9 Days on Market

Highlights

  • Detached Second Garage
  • Utility Room in Garage
  • Level Lot
  • Wood Flooring
  • Baseboard Heating
  • Wood Siding

About This Home

As of August 2021

Live in one unit for free while the other unit pays your mortgage! In addition this has a 4 car garage with its own electric meter and could easily be rented out for additional income. This home is close to downtown and all the exciting things that Fort Wayne has to offer. Tenants pay for their heat and electric while owner only pays for water/sewer. This could benefit from some cosmetic work however the price reflects that. This is a must see!

Last Agent to Sell the Property

Jana Measley

East Shore Realty & Property Management Listed on: 10/24/2017

Last Buyer's Agent

Ken Vaughn

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 40 x 150
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Utility Room in Garage
  • Laundry in Kitchen
  • Partially Finished Basement
  • Crawl Space

Flooring

  • Wood
  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Detached Second Garage
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Additional Features

  • Suburban Location
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 02-12-01-180-222.000-074

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Maintenance Expense $500
  • Water Sewer Expense $1,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 117
  • Style: Two Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Ex E 5 FT. of N 35 FT. Lot 242 Lakeside Park Add.
  • Parcel Number ID: 02-12-01-180-222.000-074
  • Platted: Yes
  • Amenities: Garage Utilities
  • Location: City/Town/Suburb
  • Road Surface: Asphalt
  • Sp Lp Percent: 78.58
  • Monthly Gross Income: 1050
  • Special Features: None

Interior Features

  • Total Sq Ft: 2558
  • Total Finished Sq Ft: 1892
  • Above Grade Finished Sq Ft: 1892
  • Below Grade Sq Ft: 666
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Flooring: Carpet, Vinyl Tile, Wood
  • Main Level Sq Ft: 946
  • Total Below Grade Sq Ft: 666
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Wood
  • Roof Material: Shingle
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 648

Garage/Parking

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

Utilities

  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Water Company: Fort Wayne City Utilities
  • Annual Insurance Expense: 600
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1400
  • Number Electric Meters: 3
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40 x 150
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1050
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1942

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2021
Closed on
Aug 13, 2021
Sold by
Beck Amber
Bought by
Arthur Tiffany D
Seller's Agent
Angie Ashby
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Jake Zehr
North Eastern Group Realty
List Price
$140,000
Sold Price
$138,700
Premium/Discount to List
-$1,300
-0.93%
Current Estimated Value
$194,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,541
Avg. Annual Appreciation
8.78%
Original Mortgage
$117,895
Outstanding Balance
$108,809
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$87,365

Purchase Details

Listed on
Jul 12, 2018
Closed on
Aug 8, 2018
Sold by
Cummings And Co Llc
Bought by
Beck Amber
Seller's Agent
Eric Thrasher
RE/MAX Results
Buyer's Agent
Angie Ashby
CENTURY 21 Bradley Realty, Inc
List Price
$79,900
Sold Price
$55,000
Premium/Discount to List
-$24,900
-31.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.84%

Purchase Details

Listed on
Oct 24, 2017
Closed on
Nov 28, 2017
Sold by
Baughman Wayne H
Bought by
Cummings & Co Llc
Seller's Agent
Jana Measley
East Shore Realty & Property Management
Buyer's Agent
Ken Vaughn
RE/MAX Results
List Price
$64,900
Sold Price
$51,000
Premium/Discount to List
-$13,900
-21.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.39%
Original Mortgage
$40,800
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2016
Sold by
Klenzak F Paul and Jayne Klenzak J
Bought by
Baughman Wayne H

Purchase Details

Closed on
Jun 5, 2007
Sold by
Klenzak F Paul and Jayne Klenzak J
Bought by
Baughman Burke

Purchase Details

Closed on
Oct 15, 2001
Sold by
Long Martha E
Bought by
Klenzak F Paul and Klenzak Jayne
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 Type Sale Price Title Company
Warranty Deed -- Trademark Title
Warranty Deed -- Centurion Land Title Inc
Warranty Deed -- Metropolitan Title Of In
Warranty Deed -- None Available
Contract Of Sale -- None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $117,895 New Conventional
Previous Owner $40,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2021 08/16/21 Sold $138,700 -1.6% $73 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
07/12/2021 07/12/21 Price Changed $141,000 +0.7% $75 / Sq Ft
06/26/2021 06/26/21 For Sale $140,000 +154.5% $74 / Sq Ft
08/09/2018 08/09/18 Sold $55,000 -31.2% $29 / Sq Ft
07/26/2018 07/26/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $79,900 +56.7% $42 / Sq Ft
11/28/2017 11/28/17 Sold $51,000 -21.4% $27 / Sq Ft
11/02/2017 11/02/17 Pending -- -- --
10/24/2017 10/24/17 For Sale $64,900 -- $34 / 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 $3,612 $188,100 $26,600 $161,500
2022 $1,885 $138,000 $26,600 $111,400
2021 $1,417 $100,900 $6,900 $94,000
2020 $1,974 $90,200 $6,600 $83,600
2019 $1,185 $54,400 $4,600 $49,800
2018 $1,035 $47,200 $4,600 $42,600
2017 $2,033 $91,900 $9,800 $82,100
2016 $1,942 $89,100 $9,800 $79,300
2014 $1,519 $73,100 $9,800 $63,300
2013 $1,499 $72,200 $9,800 $62,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201748563

Indiana Regional MLS

APN: 02-12-01-180-022.000-074