NOT LISTED FOR SALE

1113 Wabash Ave Fort Wayne, IN 46803

Memorial Park Neighborhood

Estimated Value: $157,000 - $191,000

4 Beds
3.5 Baths
2,032 Sq Ft
$83/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $145,000 $71 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,039/month

18 Days on Market

Highlights

  • Partially Wooded Lot
  • Forced Air Heating System
  • Community Storage Space
  • Laundry closet
  • Ceiling Fan
  • 5-minute walk to Memorial Park

About This Home

As of April 2022

Come check out this great investment property. The spacious upper unit offers 2 bedrooms and a bonus room that could be used for an office or kids' playroom along with a bath and a half. Lower front unit is a cute studio that was just recently renovated with laminate wood and vinyl flooring, new cabinets, new appliances and freshly painted. This unit is currently being advertised on the market for $600 per month with tenant paying electric and gas. The lower back unit has 2 bedrooms and a bathroom with new cabinets, carpet and vinyl flooring along with new appliances. The lease for this unit will be up 3/31/22 but tenant has already expressed staying on month to month which would increase your annual income by $300. With Memorial Park within walking distance and Headwaters Park just a 6-minute drive away you will never run out of things to do. This area offers plenty of adventures and activities all year round for people of all ages. This location is also great for student housing at nearby Indiana Tech. The possibilities for this triplex go on and on. Definitely a must tri-investment!

Last Listed By

Kathy Hutchins

CENTURY 21 Bradley Realty, Inc Listed on: 02/25/2022

CENTURY 21 Bradley Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $641

Year Built

  • Built in 1910

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Sloped Lot
  • Partially Wooded Lot

Home Design

  • Triplex
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2.5-Story Property
  • Ceiling Fan
  • Fire and Smoke Detector
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry closet
  • Washer Hookup

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Block Basement Construction

Parking

  • 1 Parking Space
  • Dirt Driveway
  • On-Street Parking

Location

  • Suburban Location

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, snow removal
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 02-13-06-378-003.000-074

Community Details

Overview

  • 3 Units
  • White Subdivision

Amenities

  • Community Storage Space

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,846
  • Fuel Expense $1,662
  • Insurance Expense $1,788
  • Maintenance Expense $600
  • Water Sewer Expense $1,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$641

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1910
  • Age: 112
  • Style: Two and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: Lot 37 White 1st Add
  • Parcel Number ID: 02-13-06-378-003.000-074
  • Platted: Yes
  • Amenities: Ceiling Fan, Storage, Countertops-Laminate, Deck Open, Detector-Smoke, Water Heater Gas, Washer Hook-Up
  • Cross Street: Maumee Ave
  • Inside City Limits: Yes
  • Location: City/Town/Suburb, Near College Campus
  • Section Number: 0006
  • Sp Lp Percent: 96.67
  • Monthly Gross Income: 800
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 3048
  • Total Finished Sq Ft: 2032
  • Above Grade Finished Sq Ft: 2032
  • Below Grade Sq Ft: 1016
  • Price Per Sq Ft: 71.36
  • Basement: Yes
  • Basement Foundation: Full Basement, Outside Entrance Only
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 1016
  • Number Of Disposals: 1
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Aluminum, Vinyl
  • Roof Material: Asphalt
  • Stories: 2.5

Garage/Parking

  • Driveway: Dirt
  • Number Of Parking Spaces: 1
  • Parking: Street

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Annual Electric: 1846
  • Annual Fuel Expense: 1662
  • Annual Insurance Expense: 1788
  • Annual Maintenance Expense: 600
  • Annual Water Sewer Expense: 1400
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

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: Partially Wooded, Slope
  • Lot Dimensions: 50X140
  • Estimated Lot Sq Ft: 7000
  • Estimated Lot Size Acres: 0.1607
  • Lot Number: 37

Rental Info

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

Tax Info

  • Total Assessed Value: 38600
  • Annual Property Tax: 641

Multi Family

  • Gross Monthly Rent: 800
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 2
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 2

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
Feb 25, 2022
Closed on
Apr 29, 2022
Sold by
Qasim Alsalman
Bought by
Aguilera Oscar Manuel Puga
Seller's Agent
Kathy Hutchins
CENTURY 21 Bradley Realty, Inc
List Price
$150,000
Sold Price
$145,000
Premium/Discount to List
-$5,000
-3.33%
Total Days on Market
18
Current Estimated Value
$168,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,591
Avg. Annual Appreciation
3.24%
Original Mortgage
$142,373
Outstanding Balance
$135,281
Interest Rate
4.42%
Mortgage Type
FHA
Estimated Equity
$24,710

Purchase Details

Listed on
Nov 7, 2018
Closed on
Dec 18, 2018
Sold by
Tippmann Ed
Bought by
Alsalman Qasim and Alsalman Ahmed M
Seller's Agent
Jay Howell
Red Howell Associates., Inc.
Buyer's Agent
Jay Howell
Red Howell Associates., Inc.
List Price
$29,900
Sold Price
$20,000
Premium/Discount to List
-$9,900
-33.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
80.32%
Original Mortgage
$10,000
Interest Rate
4.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 29, 2010
Sold by
The Hicksville Bank
Bought by
Tippmann Ed

Purchase Details

Closed on
May 10, 2004
Sold by
Gerbers Kevin
Bought by
Kmg Rentals Llc

Purchase Details

Closed on
Oct 15, 2002
Sold by
S & L Enterprises I Llc
Bought by
Gerbers Kevin and Kmg Rentals Llc
Source: Public Records

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Range of Values:

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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
Aguilera Oscar Manuel Puga $145,000 Trademark Title Services
Alsalman Qasim -- None Available
Alsalman Qasim $20,000 None Available
Tippmann Ed -- Lawyers Title
Kmg Rentals Llc -- Meridian Title Corporation
Gerbers Kevin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aguilera Oscar Manuel Puga $142,373
Previous Owner Alsalman Qasim $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $145,000 -3.3% $71 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $150,000 +650.0% $74 / Sq Ft
12/18/2018 12/18/18 Sold $20,000 -33.1% $10 / Sq Ft
12/13/2018 12/13/18 Price Changed $29,900 0.0% $15 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
11/16/2018 11/16/18 Pending -- -- --
11/08/2018 11/08/18 For Sale $29,900 +49.5% $15 / Sq Ft
11/07/2018 11/07/18 Off Market $20,000 -- --
11/07/2018 11/07/18 For Sale $29,900 -- $15 / 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 $1,731 $147,100 $17,000 $130,100
2022 $949 $65,600 $10,000 $55,600
2021 $529 $31,600 $1,900 $29,700
2020 $641 $38,600 $1,900 $36,700
2019 $317 $19,400 $1,600 $17,800
2018 $425 $19,400 $1,600 $17,800
2017 $429 $45,200 $1,600 $43,600
2016 $506 $23,200 $1,600 $21,600
2014 $370 $17,800 $2,000 $15,800
2013 $326 $15,700 $1,500 $14,200
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kathy Hutchins

    CENTURY 21 Bradley Realty, Inc

    (260) 609-3570

    2 in this area

    17 Total Sales

    Kathy Hutchins
    Section Image

  • J

    Seller's Agent in 2018

    Jay Howell

    Red Howell Associates., Inc.

    (260) 704-5251

    3 in this area

    85 Total Sales

    Jay Howell
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202206052

Indiana Regional MLS

APN: 02-13-06-378-003.000-074

Indiana Allen County Fort Wayne 46803 Memorial Park

1113 Wabash Ave, Fort Wayne, IN

This home is located at 1113 Wabash Ave, Fort Wayne, IN 46803 since 25 February 2022 and is currently estimated at $168,591, approximately $82 per square foot. This property was built in 1910. 1113 Wabash 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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