NOT LISTED FOR SALE

1148 Franklin Ave Fort Wayne, IN 46808

Nebraska Neighborhood

Estimated Value: $41,020 - $157,000

4 Beds
2 Baths
2,244 Sq Ft
$45/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $33,950 $15 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $598/month

1 Day on Market

About This Home

As of July 2022

RECENT FIRE - BEING SOLD AS-IS Duplex located just north of downtown and within walking distance of riverfront. Each unit features 2 bedrooms and 1 bath. Off street parking area & fenced yard. FIRE DAMAGE TO SECOND FLOOR UNIT & ROOF. BEING SOLD AS-IS - CASH ONLY

Last Agent to Sell the Property

Christopher Incremona

Bankers Realty Inc. Listed on: 06/28/2022

Last Buyer's Agent

Jared Paden

Paden Company Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 37x63
  • Corner Lot

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Bloomingdale 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 water
  • Assessor Parcel Number 02-12-03-281-001.000-074

Community Details

Overview

  • 2 Units
  • Sauerweins Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1903
  • Age: 119
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: W 62.5 EXC S 36 of E 8.5 Lot 1 Sauerweins Add |
  • Parcel Number ID: 02-12-03-281-001.000-074
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 85.09
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 3363
  • Total Finished Sq Ft: 2244
  • Above Grade Finished Sq Ft: 2244
  • Below Grade Sq Ft: 1119
  • Price Per Sq Ft: 15.13
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 1119

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 37x63
  • Estimated Lot Sq Ft: 2178
  • Estimated Lot Size Acres: 0.05

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 1608.1

Multi Family

  • Number Of Units: 2
  • Num Of2 Bedrooms: 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
Jun 28, 2022
Closed on
Jul 8, 2022
Sold by
Sorg Property Management Llc
Bought by
A Cord Of Iii Llc
Seller's Agent
Christopher Incremona
Bankers Realty Inc.
Buyer's Agent
Jared Paden
Paden Company Real Estate
List Price
$39,900
Sold Price
$33,950
Premium/Discount to List
-$5,950
-14.91%
Current Estimated Value
$100,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,805
Avg. Annual Appreciation
41.61%

Purchase Details

Closed on
Apr 18, 2012
Sold by
Sorg Herman J
Bought by
Sorg Property Management Llc

Purchase Details

Closed on
Nov 9, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Sorg Herman J

Purchase Details

Closed on
Oct 28, 2009
Sold by
Shively Aaron D
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Aug 11, 2009
Sold by
Shively Aaron D
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Mar 28, 2008
Sold by
G & L Investments Llc
Bought by
Shively Aaron D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
6.32%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 15, 2007
Sold by
Gregory Robert E
Bought by
G & L Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 10, 2007
Sold by
G & L Investments Llc
Bought by
Gregory Robert E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 27, 2007
Sold by
The Hindle Co Llc
Bought by
G & L Investments Llc
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
A Cord Of Iii Llc -- Renaissance Title
Sorg Property Management Llc -- None Available
Sorg Herman J $15,000 Total Title Llc
Federal Home Loan Mortgage Corp $28,000 Total Title Llc
Federal Home Loan Mortgage Corp $28,000 None Available
Shively Aaron D -- Lawyers Title
G & L Investments Llc -- Lawyers Title
Gregory Robert E -- Lawyers Title
G & L Investments Llc -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shively Aaron D $76,500
Previous Owner Gregory Robert E $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2022 07/14/22 Sold $33,950 -14.9% $15 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $39,900 -- $18 / 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 $604 $26,300 $13,600 $12,700
2022 $1,935 $86,100 $8,500 $77,600
2021 $1,608 $71,800 $5,200 $66,600
2020 $1,510 $69,000 $5,100 $63,900
2019 $1,215 $55,800 $5,400 $50,400
2018 $1,201 $54,800 $5,600 $49,200
2017 $900 $40,700 $4,700 $36,000
2016 $872 $40,000 $4,800 $35,200
2014 $671 $32,300 $4,900 $27,400
2013 $610 $29,400 $9,800 $19,600
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Christopher Incremona

    Bankers Realty Inc.

    (260) 414-2941

    6 in this area

    71 Total Sales

    Christopher Incremona
    Section Image

  • J

    Buyer's Agent in 2022

    Jared Paden

    Paden Company Real Estate

    (260) 249-0613

    4 in this area

    62 Total Sales

    Jared Paden
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202226307

Indiana Regional MLS

APN: 02-12-03-281-001.000-074

Indiana Allen County Fort Wayne 46808 Nebraska

1148 Franklin Ave, Fort Wayne, IN

This home is located at 1148 Franklin Ave, Fort Wayne, IN 46808 since 28 June 2022 and is currently estimated at $100,755, approximately $44 per square foot. This property was built in 1903. 1148 Franklin Ave is a home located in Allen County with nearby schools including Washington Elementary School, Portage Middle School, and Wayne 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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