Seller's Agent in 2024
Heather Nave
Coldwell Banker Real Estate Group
(260) 610-4418
2 in this area
23 Total Sales
1106 Columbia Ave Fort Wayne, IN 46805
Northside NeighborhoodEstimated Value: $267,000 - $298,954
5
Beds
4
Baths
1,700
Sq Ft
$165/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Ceiling Fan
- Level Lot
About This Home
As of April 2024Four-Plex Investment Opportunity in Fort Wayne! Discover the epitome of hassle-free real estate investment with this unique four-plex property nestled in the heart of Fort Wayne. Boasting a lucrative portfolio of short-term and mid-term rentals exclusively on Airbnb, this income-generating gem offers a turnkey solution for savvy investors. Limited Showings - Let the Photos Speak: Due to the continuous stream of bookings, showings are limited. Please rely on photos and Airbnb listings for interior views. Strategic Booking Window for Showings: While all four units enjoy high demand, we understand the importance of on-site viewings. Select days between reservations are available for showings. For detailed availability, please inquire, and we'll gladly accommodate your schedule. Diverse Living Spaces: Experience variety with two studio apartments, a one-bedroom retreat, and a spacious two-bedroom haven. The rental history reflects an impressive monthly average of $700-$916 per door over the last 12 months, after management and cleaning fees. Upgraded Features and Smart Technology: This property is not just about aesthetics; it's about smart living. A new roof (2022), fresh gutters (2023), and the removal of a second-story porch enhance both functionality and curb appeal. Embrace modern living with a smart thermostat and three temperature sensors, ensuring optimal comfort in every unit. Fully Furnished - From Essentials to Extras: Invest with confidence in this turnkey property where each unit is fully furnished, right down to the salt and pepper shakers. The price reflects an As-Is turnkey income property, inclusive of furniture and appliances. The current management is ready to seamlessly continue operations if desired. Prime Location for Enjoyment and Convenience: Situated between the River Greenway, Wells Street Corridor, and downtown, this property is a haven for both tenants and guests. Take advantage of the miles of nearby trail systems, perfect for biking enthusiasts. Abundant off-street parking ensures hassle-free experiences for all. Flexible Investment - Regular Rental or Airbnb Delight: Explore the flexibility of this investment. The property can easily be converted back to regular annual rentals by removing furniture, etc.
Last Agent to Sell the Property
Coldwell Banker Real Estate Group Brokerage Phone: 260-610-4418 Listed on: 01/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,704
Year Built
- Built in 1976
Lot Details
- 6,750 Sq Ft Lot
- Lot Dimensions are 45x150
- Level Lot
Home Design
- Quadruplex
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Partially Finished Basement
- Crawl Space
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Parking
- 4 Parking Spaces
- Off-Street Parking
Eco-Friendly Details
- Energy-Efficient Thermostat
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
- The owner pays for electric, fuel, lawn maintenance, maintenance, snow removal, tax, trash collection, water
- Assessor Parcel Number 02-12-01-251-002.000-074
Community Details
Overview
- 4 Units
- Lake Side / Lakeside Subdivision
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $3,251
- Fuel Expense $1,579
- Insurance Expense $699
- Maintenance Expense $2,243
- Water Sewer Expense $2,306
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2024
Closed on
Apr 30, 2024
Sold by
Kennik Properties Llc
Bought by
Schachterle Randall Scott
Seller's Agent
Heather Nave
Coldwell Banker Real Estate Group
Buyer's Agent
LYLA MOODY
American Dream Team Real Estate Brokers
List Price
$300,000
Sold Price
$285,000
Premium/Discount to List
-$15,000
-5%
Views
130
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,324
Avg. Annual Appreciation
-2.75%
Original Mortgage
$213,750
Outstanding Balance
$211,715
Interest Rate
6.87%
Mortgage Type
Credit Line Revolving
Estimated Equity
$63,220
Purchase Details
Closed on
Feb 8, 2019
Sold by
Jaiswal Suresh and Jaiswal Vinita
Bought by
Chakabva Munyaradzi S and Chakabva Rumbidzayi
Purchase Details
Closed on
Oct 20, 2016
Sold by
Jaiswal Vinita
Bought by
Jaiswal Suresh and Jaiswal Vinita
Purchase Details
Closed on
Nov 14, 2014
Sold by
Shaw Mark and Shaw Denise I
Bought by
Jaiswal Vinita
Purchase Details
Closed on
Sep 13, 2013
Sold by
Shaw Mark S
Bought by
Eilatan Financial Inc
Purchase Details
Closed on
Sep 12, 2013
Sold by
Peacock Denise I and Shaw Denise I
Bought by
Eilatan Financial Inc
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schachterle Randall Scott | -- | None Listed On Document | |
| Chakabva Munyaradzi S | $70,000 | Trademark Title | |
| Jaiswal Suresh | -- | None Available | |
| Jaiswal Vinita | $38,000 | None Available | |
| Eilatan Financial Inc | -- | None Available | |
| Eilatan Financial Inc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schachterle Randall Scott | $213,750 | |
| Previous Owner | Shan Mark S | $78,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2024 04/25/24 | Sold | $285,000 | -5.0% | $168 / Sq Ft |
| 03/09/2024 03/09/24 | Pending | -- | -- | -- |
| 01/15/2024 01/15/24 | For Sale | $300,000 | +53.8% | $176 / Sq Ft |
| 06/14/2022 06/14/22 | Sold | $195,050 | +2.7% | $84 / Sq Ft |
| 05/10/2022 05/10/22 | Pending | -- | -- | -- |
| 05/07/2022 05/07/22 | For Sale | $189,900 | -- | $82 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $4,447 | $223,800 | $36,200 | $187,600 |
| 2022 | $2,704 | $120,300 | $27,000 | $93,300 |
| 2021 | $2,374 | $106,000 | $9,900 | $96,100 |
| 2020 | $1,451 | $66,300 | $9,900 | $56,400 |
| 2019 | $1,032 | $47,400 | $9,900 | $37,500 |
| 2018 | $1,039 | $47,400 | $9,900 | $37,500 |
| 2017 | $1,049 | $47,400 | $9,900 | $37,500 |
| 2016 | $1,033 | $47,400 | $9,900 | $37,500 |
| 2014 | $1,542 | $74,200 | $9,000 | $65,200 |
| 2013 | $1,540 | $74,200 | $9,000 | $65,200 |
Source: Public Records
Agents Affiliated with this Home
-
-
L
Buyer's Agent in 2024
LYLA MOODY
American Dream Team Real Estate Brokers
(260) 444-7440
2 in this area
78 Total Sales
-
R
Seller's Agent in 2022
Rumbi Chakabva
Coldwell Banker Real Estate Group
(260) 450-5796
3 in this area
138 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202401529
APN: 02-12-01-251-002.000-074
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