NOT LISTED FOR SALE

Estimated Value: $118,923 - $145,000

4 Beds
2 Baths
1,764 Sq Ft
$74/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $110,000 $62 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $829/month

168 Days on Market

Highlights

  • Central Air
  • Community Storage Space
  • Carpet
  • Level Lot

About This Home

As of February 2024

Check out this CASH ONLY AS IS investment opportunity in the heart of Fort Wayne, Indiana. This two-story duplex offers two units with two bedrooms and one full bathroom. Potential to increase revenue with improvements. Tenants enjoy off-street parking, and storage in a detached garage, as well as a washer and dryer in the basement. There is also a second set of washer/dryer hook ups. Both units are vacant. There are already separate gas and electric meters so tenant pays. Owner pays for water, mowing and snow removal.

Last Agent to Sell the Property

Vince Brown

Select Realty, LLC Brokerage Phone: 260-504-1815 Listed on: 08/25/2023

Last Buyer's Agent

Lilliana Caro

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,204

Year Built

  • Built in 1950

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 133x55
  • Level Lot

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Car Garage
  • Off-Street Parking

Schools

  • Northcrest Elementary School
  • Northwood Middle School
  • North Side High School

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, fuel, heating
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 02-12-13-408-025.000-074

Community Details

Overview

  • 2 Units
  • Drexel Park Subdivision

Amenities

  • Community Storage Space

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,344

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,204

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1950
  • Age: 74
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: ALL OF LOT 270 & N 17 3/10 OF LOT 271 DREXEL PARK 2ND SEC
  • Parcel Number ID: 02-12-13-408-025.000-074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Storage
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1260
  • Year Taxes Payable: 1204
  • Special Features: None

Interior Features

  • Total Sq Ft: 1764
  • Total Finished Sq Ft: 1764
  • Above Grade Finished Sq Ft: 1764
  • Price Per Sq Ft: 62.36
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Laminate
  • Main Level Sq Ft: 864
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 1344
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

  • School District: Fort Wayne Community
  • Elementary School: Northcrest
  • Middle School: Northwood
  • High School: North Side
  • Elementary School: Northcrest

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 133x55
  • Estimated Lot Sq Ft: 6970
  • Estimated Lot Size Acres: 0.16

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1260
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1204

MLS Schools

  • High School: North Side
  • Middle School: Northwood
  • School District: Fort Wayne Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Feb 16, 2024
Sold by
Imperial Valley Properties Llc
Bought by
Cortes Benito Adan Cortes
Seller's Agent
Vince Brown
Select Realty, LLC
Buyer's Agent
Lilliana Caro
Coldwell Banker Real Estate Group
List Price
$110,000
Sold Price
$110,000
Views
134
Current Estimated Value
$130,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,731
Avg. Annual Appreciation
11.55%

Purchase Details

Listed on
Aug 25, 2023
Closed on
Feb 15, 2024
Sold by
Imperial Valley Properties Llc
Bought by
Cortes Benito Adan Cortes
Seller's Agent
Vince Brown
Select Realty, LLC
Buyer's Agent
Lilliana Caro
Coldwell Banker Real Estate Group
List Price
$110,000
Sold Price
$110,000
Views
134

Purchase Details

Closed on
Jul 29, 2010
Sold by
Ameritrust Lending Llc
Bought by
Eisaman Real Estate Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,400
Interest Rate
4.58%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 14, 2004
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Rity Properties Llc

Purchase Details

Closed on
Aug 27, 2003
Sold by
National City Mortgage Co
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 19, 2003
Sold by
Wilson Lucy Pearl and Gorman David E
Bought by
National City Mortgage Co and Commonwealth United Mortgage Co

Purchase Details

Closed on
Apr 16, 2001
Sold by
Wilson Lucy Pearl
Bought by
Gorman Darrell and Gorman David E
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cortes Benito Adan Cortes -- Fidelity National Title
Cortes Benito Adan Cortes $110,000 Fidelity National Title
Eisaman Real Estate Inc -- Riverbend Title
Rity Properties Llc -- --
Federal Home Loan Mortgage Corporation -- --
National City Mortgage Co $28,000 --
Gorman Darrell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eisaman Real Estate Inc $15,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $110,000 0.0% $62 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $110,000 0.0% $62 / Sq Ft
02/08/2024 02/08/24 Price Changed $110,000 +0.5% $62 / Sq Ft
11/09/2023 11/09/23 Pending -- -- --
10/23/2023 10/23/23 For Sale $109,500 0.0% $62 / Sq Ft
10/23/2023 10/23/23 Price Changed $109,500 -2.0% $62 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $111,700 -- $63 / 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 $1,589 $114,700 $25,800 $88,900
2022 $1,205 $53,600 $8,200 $45,400
2021 $1,178 $52,600 $9,600 $43,000
2020 $856 $39,100 $800 $38,300
2019 $830 $38,100 $800 $37,300
2018 $631 $28,800 $900 $27,900
2017 $526 $23,800 $1,000 $22,800
2016 $519 $23,800 $1,000 $22,800
2014 $447 $21,500 $1,600 $19,900
2013 $392 $18,900 $1,500 $17,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202330753

Indiana Regional MLS

APN: 02-12-13-408-025.000-074