NOT LISTED FOR SALE

1123 Michigan Ave Fort Wayne, IN 46802

Michigan Avenue Neighborhood

Estimated Value: $98,000 - $158,000

4 Beds
2 Baths
1,916 Sq Ft
$71/Sq Ft Est. Value

Last Sold February 24, 2021

Last sale price $106,000 $55 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $928/month

4 Days on Market

Highlights

  • Laundry in Utility Room
  • Level Lot
  • 4-minute walk to Miner Park Playground
  • Ceiling Fan
  • Vinyl Flooring

About This Home

As of February 2021

Great duplex that is RENT READY. Fresh remodel with new paint and carpet in both units. Large living spaces and open floor plans make this appealing to any tenant. Large wrap around porch. Two private entrances. Perfect centralized location close to shopping and entertainment. Off street parking in rear with new concrete. Instant Equity!! Great Investment Priced under Current Value

Last Agent to Sell the Property

Jerry Morrow

The Real Estate Company Listed on: 01/15/2021

Last Buyer's Agent

Scott Pressler

Keller Williams Realty Group

Keller Williams Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,204

Year Built

  • Built in 1900

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Dimensions are 40x125
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Vinyl Flooring
  • Basement Fills Entire Space Under The House
  • Storage In Attic
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for water
  • Assessor Parcel Number 02-12-10-435-009.000-074

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,204

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 121
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT 40 OLD ORCHARD ADD
  • Parcel Number ID: 02-12-10-435-009.000-074
  • Platted: Yes
  • Amenities: Ceiling Fan, Attic Storage, Cable Available, Cable Ready
  • Sp Lp Percent: 100
  • Special Features: None

Interior Features

  • Total Sq Ft: 2096
  • Total Finished Sq Ft: 1916
  • Above Grade Finished Sq Ft: 1916
  • Below Grade Sq Ft: 180
  • Price Per Sq Ft: 55.32
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Vinyl
  • Total Below Grade Sq Ft: 180

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 2

Schools

  • School District: Fort Wayne Community
  • Elementary School: Study
  • Middle School: Kekionga
  • High School: South Side

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40x125
  • Estimated Lot Sq Ft: 5001
  • Estimated Lot Size Acres: 0.1148

Rental Info

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

Multi Family

  • Number Of Refrigerators: 1
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Feb 22, 2021
Sold by
Blue Fox Llc
Bought by
Pearson Justin L
Seller's Agent
Jerry Morrow
The Real Estate Company
Buyer's Agent
Scott Pressler
Keller Williams Realty Group
List Price
$99,900
Sold Price
$106,000
Premium/Discount to List
$6,100
6.11%
Current Estimated Value
$136,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,595
Avg. Annual Appreciation
7.49%
Original Mortgage
$79,500
Outstanding Balance
$71,428
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$75,289

Purchase Details

Listed on
Jul 26, 2016
Closed on
Dec 9, 2016
Sold by
Mcbride Andrew
Bought by
Blue Fox Llc
Seller's Agent
Jerry Morrow
The Real Estate Company
Buyer's Agent
Jerry Morrow
The Real Estate Company
List Price
$34,900
Sold Price
$24,189
Premium/Discount to List
-$10,711
-30.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.04%
Original Mortgage
$19,351
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2007
Sold by
Mcbride Debra S
Bought by
Mcbride Andrew

Purchase Details

Closed on
Dec 31, 2002
Sold by
Brown Kevin L and Brown Tracy A
Bought by
Mcbride Andrew and Mcbride Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
6.13%

Purchase Details

Closed on
Dec 31, 2001
Sold by
Spring Street Wesleyan Church
Bought by
Brown Kevin L and Brown Tracy A

Purchase Details

Closed on
Sep 13, 2001
Sold by
Sloan Dale A and Sloan Janice L
Bought by
Spring Street Wesleyan Church
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pearson Justin L $106,000 Fidelity National Ttl Co Llc
Blue Fox Llc -- Trademark Title
Mcbride Andrew -- None Available
Mcbride Andrew -- American Title Inc
Brown Kevin L -- Commonwealth Land Title Co
Spring Street Wesleyan Church -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pearson Justin L $79,500
Previous Owner Blue Fox Llc $19,351
Previous Owner Mcbride Andrew $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2021 02/24/21 Sold $106,000 +6.1% $55 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $99,900 +313.0% $52 / Sq Ft
12/09/2016 12/09/16 Sold $24,189 -30.7% $15 / Sq Ft
11/04/2016 11/04/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $34,900 -- $22 / 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 $2,204 $107,200 $9,900 $97,300
2022 $1,716 $76,700 $7,500 $69,200
2021 $1,491 $66,900 $5,600 $61,300
2020 $1,558 $71,200 $5,600 $65,600
2019 $1,060 $48,700 $5,600 $43,100
2018 $747 $34,100 $5,600 $28,500
2017 $659 $29,800 $5,600 $24,200
2016 $920 $42,200 $5,600 $36,600
2014 $538 $25,900 $5,700 $20,200
2013 $484 $23,300 $5,100 $18,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jerry Morrow

    The Real Estate Company

    Section Image
  • Scott Pressler

    Buyer's Agent in 2021

    Scott Pressler

    Keller Williams Realty Group

    (260) 341-6666

    1 in this area

    206 Total Sales

    Scott Pressler
    Section Image
  • Vince Brown

    Seller Co-Listing Agent in 2016

    Vince Brown

    Select Realty, LLC

    (260) 504-1815

    1 in this area

    49 Total Sales

    Vince Brown
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202101457

Indiana Regional MLS

APN: 02-12-10-435-009.000-074

Indiana Allen County Fort Wayne 46802 Michigan Avenue

1123 Michigan Ave, Fort Wayne, IN

This home is located at 1123 Michigan Ave, Fort Wayne, IN 46802 since 15 January 2021 and is currently estimated at $136,595, approximately $71 per square foot. This property was built in 1900. 1123 Michigan Ave is a home located in Allen County with nearby schools including Study Elementary School, Kekionga Middle School, and South 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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