NOT LISTED FOR SALE

1115 Lake Ave Fort Wayne, IN 46805

Northside Neighborhood

Estimated Value: $271,000 - $390,183

6 Beds
6 Baths
3,188 Sq Ft
$109/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $49,900 $16 Per Sq Ft

Est. 598% increase in value since last sale

Current estimated payment $2,224/month

5 Days on Market

Highlights

  • Partially Wooded Lot
  • Level Lot
  • Wood Siding
  • Forced Air Heating System

About This Home

As of May 2017

Cash Sale Only - Investor special. 6 one bedroom, 6 bath six plex. Zoned for six plex. Needs woek, priced accordingly. Potential 140-150,000 value per investors, potential income - $1500.00 per month. Sold as is. Set up for 6 separate gas services, each unit has separate heat system.

Last Agent to Sell the Property

Jack McCombs

Mike Thomas Assoc., Inc Listed on: 04/28/2017

Last Buyer's Agent

Amy Davis

Headwaters Realty Advisors LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $482

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 45'x150'
  • Level Lot
  • Partially Wooded Lot

Home Design

  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Partially Finished Basement

  • Stone or Rock in Basement
  • Crawl Space

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Radiant Heating System

Community Details

  • 6 Units

Listing and Financial Details

  • Tenant pays for fuel
  • The owner pays for electric, water
  • Assessor Parcel Number 02-12-01-136-018.000-074

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$482

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Sixplex
  • Year Built: 1900
  • Age: 117
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: lot 298, Lakeside Park Add.
  • Parcel Number ID: 02-12-01-136-018.000-074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Cross Street: Tecumseh
  • Sp Lp Percent: 100
  • Special Features: None

Interior Features

  • Total Sq Ft: 3188
  • Total Finished Sq Ft: 3188
  • Above Grade Finished Sq Ft: 3188
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Stone
  • Flooring: Mixed
  • Main Level Sq Ft: 1594

Exterior Features

  • Exterior: Stone, Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Fuel: Forced Air, Radiant
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 1

Schools

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

Lot Info

  • Lot Description: Level, Partially Wooded
  • Lot Dimensions: 45'x150'
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Owner Pays: Electric, Water
  • Tenant Pays: Fuel

Tax Info

  • Annual Property Tax: 481.58

Multi Family

  • Number Of Units: 6
  • Num Of1 Bedrooms: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2024
Sold by
Stombaugh Thomas and Stombaugh Lori
Bought by
Thomas Todd Stombaugh And Lori A Stombaugh Re
Current Estimated Value
$348,296

Purchase Details

Listed on
Apr 28, 2017
Closed on
May 31, 2017
Sold by
Hoosier Entities Llc
Bought by
Lori Stombaugh
Seller's Agent
Jack McCombs
Mike Thomas Assoc., Inc
Buyer's Agent
Amy Davis
Headwaters Realty Advisors LLC
List Price
$49,900
Sold Price
$49,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.91%

Purchase Details

Listed on
Apr 28, 2017
Closed on
Apr 18, 2017
Sold by
Mulqueen John J and Shearer Euphrasia L
Bought by
Hoosier Entities Llc
Seller's Agent
Jack McCombs
Mike Thomas Assoc., Inc
Buyer's Agent
Amy Davis
Headwaters Realty Advisors LLC
List Price
$49,900
Sold Price
$49,900

Purchase Details

Closed on
Mar 20, 2015
Sold by
Mulqueen John J and Shearer Euphrasia L
Bought by
Mulqueen John J and Euphrasia L Shearer 2014 Revocable Livin
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
Thomas Todd Stombaugh And Lori A Stombaugh Re -- None Listed On Document
Lori Stombaugh $49,900 --
Stombaugh Thomas $49,900 Liberty Title & Escrow Co
Hoosier Entities Llc $15,000 Metropolitan Title Of Indiana
Mulqueen John J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stombaugh Thomas $280,000
Previous Owner Stombaugh Thomas $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2017 05/31/17 Sold $49,900 0.0% $16 / Sq Ft
05/03/2017 05/03/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $49,900 -- $16 / 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 $4,088 $392,500 $36,200 $356,300
2023 $4,088 $355,900 $27,000 $328,900
2022 $3,481 $306,700 $27,000 $279,700
2021 $3,150 $279,200 $9,900 $269,300
2020 $1,508 $139,300 $9,900 $129,400
2019 $2,748 $126,200 $9,900 $116,300
2018 $2,613 $119,200 $9,900 $109,300
2017 $511 $23,100 $9,900 $13,200
2016 $852 $60,900 $9,900 $51,000
2014 $846 $40,700 $9,000 $31,700
2013 $845 $40,700 $9,000 $31,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jack McCombs

    Mike Thomas Assoc., Inc

    Section Image
  • Amy Davis

    Buyer's Agent in 2017

    Amy Davis

    Headwaters Realty Advisors LLC

    (260) 710-1464

    2 in this area

    53 Total Sales

    Amy Davis
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201718263

Indiana Regional MLS

APN: 02-12-01-136-018.000-074

Indiana Allen County Fort Wayne 46805 Northside

1115 Lake Ave, Fort Wayne, IN

This home is located at 1115 Lake Ave, Fort Wayne, IN 46805 since 28 April 2017 and is currently estimated at $348,296, approximately $109 per square foot. This property was built in 1900. 1115 Lake 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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