NOT LISTED FOR SALE

1037 Edgewater Ave Fort Wayne, IN 46805

Northside Neighborhood

Estimated Value: $227,830 - $255,000

4 Beds
4 Baths
2,074 Sq Ft
$114/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $212,500 $102 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,460/month

12 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • Community Storage Space
  • Forced Air Heating System

About This Home

As of March 2024

Discover an ideal investment opportunity near downtown Fort Wayne! This fourplex sits in the Lakeside subdivision and is near numerous parks, restaurants, lively entertainment, and the Rivergreenway walking trail. Four fully rented units ranging from $550 to $670 have recent improvements and a newer roof. 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

  • $2,540

Year Built

  • Built in 1915

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 45x100
  • Level Lot

Home Design

  • Quadruplex

Interior Spaces

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

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

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

Utilities

  • 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 02-12-01-183-023.000-074

Community Details

Overview

  • 4 Units
  • Lake Side / Lakeside Subdivision

Amenities

  • Community Storage Space

Building Details

  • Electric Expense $88
  • Fuel Expense $1,401
  • Insurance Expense $1,176
  • Maintenance Expense $1,477
  • Water Sewer Expense $2,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,540

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1915
  • Age: 109
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: S 100 FT LOT 255 LAKESIDE PARK ADD
  • Parcel Number ID: 02-12-01-183-023.000-074
  • Platted: Yes
  • Amenities: Storage
  • Sp Lp Percent: 90.46
  • Annual Miscellaneous: 600
  • Monthly Gross Income: 2510
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2970
  • Total Finished Sq Ft: 2074
  • Above Grade Finished Sq Ft: 2074
  • Below Grade Sq Ft: 896
  • Price Per Sq Ft: 102.46
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Wood, Vinyl
  • Total Below Grade Sq Ft: 896
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 88.15
  • Annual Fuel Expense: 1401.33
  • Annual Insurance Expense: 1176.18
  • Annual Maintenance Expense: 1477
  • Annual Water Sewer Expense: 2032.17

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: 45X100
  • Estimated Lot Sq Ft: 4500
  • Estimated Lot Size Acres: 0.1
  • Lot Number: 255

Rental Info

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

Multi Family

  • Gross Monthly Rent: 2510
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2539.68

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
$234,900
Sold Price
$212,500
Premium/Discount to List
-$22,400
-9.54%
Views
38
Current Estimated Value
$237,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,777
Avg. Annual Appreciation
6.61%
Original Mortgage
$318,750
Outstanding Balance
$303,995
Interest Rate
5.94%
Mortgage Type
New Conventional
Estimated Equity
-$71,431

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

Listed on
Apr 26, 2017
Closed on
Jul 27, 2017
Sold by
Orr Fred L
Bought by
Long Thomas J and Long Molly C
Seller's Agent
Joshua Lewis
Steffen Group
Buyer's Agent
Jared Kent
Anthony REALTORS
List Price
$89,900
Sold Price
$89,950
Premium/Discount to List
$50
0.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.56%
Original Mortgage
$67,450
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2006
Sold by
Lemp Sherry
Bought by
Orr Fred L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,500
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
May 16, 2003
Sold by
Lemp Sherry L
Bought by
Orr Fred L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
8%
Mortgage Type
Seller Take Back
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
Long Thomas J -- Centurion Land Title Inc
Orr Fred L -- Metropolitan Title Of In
Orr Fred L $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coastal Shores Llc $318,750
Previous Owner Long Thomas J $67,450
Previous Owner Orr Fred L $68,500
Previous Owner Orr Fred L $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $212,500 -9.5% $102 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
01/31/2024 01/31/24 For Sale $234,900 +33.5% $113 / Sq Ft
03/04/2022 03/04/22 Sold $176,000 -2.2% $85 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
12/16/2021 12/16/21 For Sale $179,900 0.0% $87 / Sq Ft
12/16/2021 12/16/21 Price Changed $179,900 +2.2% $87 / Sq Ft
10/09/2021 10/09/21 Off Market $176,000 -- --
07/09/2021 07/09/21 For Sale $174,900 +94.4% $84 / Sq Ft
07/28/2017 07/28/17 Sold $89,950 +0.1% $43 / Sq Ft
06/16/2017 06/16/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $89,900 -- $43 / 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 $204,600 $29,700 $174,900
2023 $3,610 $157,900 $19,600 $138,300
2022 $2,540 $113,000 $16,200 $96,800
2021 $2,508 $112,000 $6,500 $105,500
2020 $1,864 $85,200 $5,300 $79,900
2019 $1,540 $70,700 $8,100 $62,600
2018 $1,550 $70,700 $8,100 $62,600
2017 $964 $43,600 $8,100 $35,500
2016 $950 $43,600 $8,100 $35,500
2014 $784 $37,700 $8,100 $29,600
2013 $276 $13,300 $7,400 $5,900
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

    160 Total Sales

    Section Image

  • S

    Buyer's Agent in 2024

    Sean Stinson

    E. L. S. Realty Group

    (260) 704-1381

    2 in this area

    39 Total Sales

    Section Image
  • Joshua Lewis

    Seller's Agent in 2017

    Joshua Lewis

    Steffen Group

    (260) 273-9311

    1 in this area

    38 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202403050

Indiana Regional MLS

APN: 02-12-01-183-023.000-074

Indiana Allen County Fort Wayne 46805 Northside

1037 Edgewater Ave, Fort Wayne, IN

This home is located at 1037 Edgewater Ave, Fort Wayne, IN 46805 since 31 January 2024 and is currently estimated at $237,277, approximately $114 per square foot. This property was built in 1915. 1037 Edgewater 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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