NOT LISTED FOR SALE

1208 Michigan Ave Fort Wayne, IN 46802

Michigan Avenue Neighborhood

Estimated Value: $298,000 - $320,000

3 Beds
4 Baths
2,507 Sq Ft
$123/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $47,500 $19 Per Sq Ft

Est. 551% increase in value since last sale

Current estimated payment $1,881/month

4 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 4-minute walk to Miner Park Playground
  • Forced Air Heating System

About This Home

As of June 2018

This home is located at 1208 Michigan Ave, Fort Wayne, IN 46802 since 02 June 2018 and is currently estimated at $309,000, approximately $123 per square foot. This property was built in 1890. 1208 Michigan Ave is a home located in Allen County with nearby schools including Study Elementary School, Kekionga Middle School, and South Side High School.

Last Agent to Sell the Property

Beth Reinhart

Wiegmann Auctioneers Listed on: 06/02/2018

Last Buyer's Agent

Joe Leksich

Ambitions Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x136
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Quadruplex
  • Cedar

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Schools

  • Study Elementary School
  • Kekionga Middle School
  • South Side High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, fuel, lawn maintenance, sewer, trash collection, water
  • Assessor Parcel Number 02-12-10-433-015.000-074

Community Details

Overview

  • 4 Units
  • Old Orchard Subdivision

Building Details

  • Electric Expense $1,320
  • Fuel Expense $1,380
  • Insurance Expense $600
  • Maintenance Expense $1,000
  • Water Sewer Expense $900

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1890
  • Age: 128
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Lot 26 Old Orchard Add |
  • Parcel Number ID: 02-12-10-433-015.000-074
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 82.04
  • Annual Miscellaneous: 400
  • Monthly Gross Income: 1700
  • Year Taxes Payable: 2017
  • Special Features: None

Interior Features

  • Total Sq Ft: 3875
  • Total Finished Sq Ft: 2507
  • Above Grade Finished Sq Ft: 2507
  • Below Grade Sq Ft: 1368
  • Price Per Sq Ft: 18.95
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Tile, Wood
  • Total Below Grade Sq Ft: 1368
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Cedar
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: Public
  • Annual Electric: 1320
  • Annual Fuel Expense: 1380
  • Annual Insurance Expense: 600
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 900
  • Number Of W D Hookups: 1

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40x136
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Owner Pays: Building Insurance, Fuel, Lawn Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1700
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 2

Tax Info

  • Annual Property Tax: 1300

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2018
Closed on
Jun 8, 2018
Sold by
Sorg Jason D
Bought by
1208 Llc
Seller's Agent
Beth Reinhart
Wiegmann Auctioneers
Buyer's Agent
Joe Leksich
Ambitions Real Estate, Inc.
List Price
$57,900
Sold Price
$47,500
Premium/Discount to List
-$10,400
-17.96%
Current Estimated Value
$309,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,500
Avg. Annual Appreciation
29.08%
Original Mortgage
$47,500
Outstanding Balance
$41,423
Interest Rate
4.5%
Mortgage Type
Unknown
Estimated Equity
$258,577

Purchase Details

Closed on
Sep 17, 2003
Sold by
Ramsdell Patrick R and Michael Stallings G
Bought by
Sorg Jason D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,087
Interest Rate
6.4%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
1208 Llc $47,500 --
1208 Michigan Avenie Llc $47,500 Attorneys Title Group, Inc.
Sorg Jason D -- Three Rivers Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1208 Michigan Avenie Llc $47,500
Previous Owner Sorg Jason D $45,675
Previous Owner Sorg Jason D $45,087
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2018 06/08/18 Sold $47,500 -18.0% $19 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
06/02/2018 06/02/18 For Sale $57,900 -- $23 / 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 $2,369 $217,300 $13,600 $203,700
2022 $1,660 $74,200 $7,700 $66,500
2021 $1,431 $64,200 $5,700 $58,500
2020 $1,428 $65,500 $5,700 $59,800
2019 $964 $44,500 $5,700 $38,800
2018 $983 $45,100 $5,700 $39,400
2017 $1,288 $58,500 $5,700 $52,800
2016 $1,256 $57,900 $5,700 $52,200
2014 $762 $36,800 $6,000 $30,800
2013 $504 $37,200 $6,000 $31,200
Source: Public Records

Agents Affiliated with this Home

  • Beth Reinhart

    Seller's Agent in 2018

    Beth Reinhart

    Wiegmann Auctioneers

    (260) 223-3443

    66 Total Sales

    Beth Reinhart
    Section Image

  • J

    Buyer's Agent in 2018

    Joe Leksich

    Ambitions Real Estate, Inc.

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Map

Source: Indiana Regional MLS

MLS Number: 201823980

Indiana Regional MLS

APN: 02-12-10-433-015.000-074

Indiana Allen County Fort Wayne 46802 Michigan Avenue

1208 Michigan Ave, Fort Wayne, IN

This home is located at 1208 Michigan Ave, Fort Wayne, IN 46802 since 02 June 2018 and is currently estimated at $309,000, approximately $123 per square foot. This property was built in 1890. 1208 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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