$176,000
SOLD MAR 4, 2022

1037 Edgewater Ave Fort Wayne, IN 46805

Northside Neighborhood
4 Beds
4 Baths
2,074 Sq Ft
4,500 Sq Ft Lot

Recently Sold

$85 Per Sq Ft

2% Below List Price

206 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Level Lot

About This Home

As of March 2024

Wonderful investment opportunity in downtown Fort Wayne! Right next to the river and Rivergreenway walking trail. Four fully rented units with recent improvements and a new roof will be completed before sale. Units rented from $450 to $475/mo.

Last Agent to Sell the Property

Jared Kent

Anthony REALTORS Listed on: 07/09/2021

Last Buyer's Agent

Jared Kent

Anthony REALTORS Listed on: 07/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,864

Year Built

  • Built in 1915

Lot Details

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

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Asphalt Roof

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
  • The owner pays for heating, water
  • Assessor Parcel Number 02-12-01-183-023.000-074

Community Details

Overview

  • 4 Units
  • Lake Side / Lakeside Subdivision

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $874
  • Insurance Expense $660
  • Maintenance Expense $399
  • Water Sewer Expense $1,511

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,864

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1915
  • Age: 107
  • 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: Basement
  • Sp Lp Percent: 97.83
  • Monthly Gross Income: 1825
  • Year Taxes Payable: 2020
  • 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: 84.86
  • 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
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 874
  • Annual Insurance Expense: 660
  • Annual Maintenance Expense: 399
  • Annual Water Sewer Expense: 1511
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Water Meters: 1

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: 0.1033

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Heating, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1825
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 1864

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
$229,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,854
Avg. Annual Appreciation
5.05%
Original Mortgage
$318,750
Outstanding Balance
$299,261
Interest Rate
5.94%
Mortgage Type
New Conventional
Estimated Equity
-$69,907

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 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
12.14%
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:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Deed $212,500 Centurion Land Title
Quit Claim Deed -- Fidelity National Title
Quit Claim Deed -- Fidelity National Title
Interfamily Deed Transfer -- Centurion Land Title Inc
Warranty Deed -- Metropolitan Title Of In
Contract Of Sale $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $318,750 New Conventional
Previous Owner $67,450 Commercial
Previous Owner $68,500 Commercial
Previous Owner $68,000 Seller Take Back
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

    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
  • Joshua Lewis

    Seller's Agent in 2017

    Joshua Lewis

    Steffen Group

    (260) 273-9311

    1 in this area

    37 Total Sales

    Joshua Lewis
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202127157

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 and is currently priced at $176,000, approximately $84 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.

Nearby Homes