NOT LISTED FOR SALE

12227 Shearwater Run Fort Wayne, IN 46845

Estimated Value: $250,000 - $261,000

3 Beds
2 Baths
1,583 Sq Ft
$162/Sq Ft Est. Value

Last Sold March 22, 2023

Last sale price $220,000 $139 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,685/month

12 Days on Market

Highlights

  • Walk-In Pantry
  • 2 Car Attached Garage
  • Laundry in Utility Room
  • Eel River Elementary School Rated A-
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System

About This Home

As of March 2023

Requesting highest and best offers to be submitted by 10am on Monday, March 13th with an 11:59pm expiration. Say hello to your next turn-key investment property with 3rd party professional property management in place for this Shearwater home, a lovely 3-bedroom, 2-bathroom ranch-style house with a front den on a slab foundation and an attached 2 car garage in Carroll School District! The current lease is active through July 31, 2023 with rent at $1400/month and a $2,800 security deposit. With 1583 square feet of living space, this property offers ample room for relaxation and entertainment. You'll love the durable and comfortable linoleum and carpet flooring, and the convenience of an electric water heater and a 2009 gas furnace with 80% efficiency. This home has plenty of features to love, including a pantry and white appliances in the kitchen, as well as spacious walk-in closets in each of the bedrooms. The long primary bedroom closet is perfect to keep all of your wardrobe essentials organized. The vinyl windows provide ample natural light, though some may have broken seals. The garage is not fully finished but there is 200 amp service to the breaker panel. The 3 tab shingle roof is believed to be 1 layer and original from when the house was built in 2009. The current lease is active through July 31, 2023.

Last Agent to Sell the Property

Warren Barnes

North Eastern Group Realty Listed on: 03/03/2023

North Eastern Group Realty

Last Buyer's Agent

Jerry Starks

JM Realty Associates, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,071

Year Built

  • Built in 2009

Lot Details

  • 9,801 Sq Ft Lot
  • Lot Dimensions are 79 x 124
  • Level Lot

HOA Fees

  • $15 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Masonry Siding
  • Masonry
  • Vinyl Construction Material

Interior Spaces

  • 1,583 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Laundry in Utility Room

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Eel River Elementary School
  • Carroll Middle School
  • Carroll High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cooling, electric, fuel, heating, sewer, trash collection, water
  • The owner pays for tax
  • Assessor Parcel Number 02-02-29-430-012.000-058

Community Details

Overview

  • Shearwater Subdivision

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,071

Year Built

Built in 2009

Lot Details

0

HOA Fees

$15 per month

Listing Details

  • Class: INVESTMENT
  • Year Built: 2009
  • Age: 14
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: SHEARWATER SEC II LOT 101
  • Parcel Number ID: 02-02-29-430-012.000-058
  • Platted: Yes
  • Amenities: Countertops-Laminate, Eat-In Kitchen, Pantry-Walk In, Water Heater Electric
  • Sp Lp Percent: 97.78
  • Monthly Gross Income: 1400
  • Year Taxes Payable: 2023
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1583
  • Total Finished Sq Ft: 1583
  • Above Grade Finished Sq Ft: 1583
  • Price Per Sq Ft: 138.98
  • Basement Foundation: Slab
  • Flooring: Carpet
  • Number Of Disposals: 1
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl, Masonry
  • Roof Material: Shingle
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Garage, Paved

Utilities

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

Condo/Co-op/Association

  • Association Restrictions: Yes
  • Association Fees: 180
  • Association Fees Frequency: Annually

Schools

  • School District: Northwest Allen County
  • Elementary School: Eel River
  • Middle School: Carroll
  • High School: Carroll
  • Elementary School: Eel River

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 79 X 124
  • Estimated Lot Sq Ft: 9801
  • Estimated Lot Size Acres: 0.225

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Tax
  • Tenant Pays: Cooling, Electric, Fuel, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 1400
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 3071.04

MLS Schools

  • High School: Carroll
  • Middle School: Carroll
  • School District: Northwest Allen County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2024
Sold by
Lei Ming
Bought by
Lei Ming and Chen Peiyu
Current Estimated Value
$256,543

Purchase Details

Listed on
Mar 3, 2023
Closed on
Mar 22, 2023
Sold by
Stringer Daniel W and Stringer Joanna R
Bought by
Lei Ming
Seller's Agent
Warren Barnes
North Eastern Group Realty
Buyer's Agent
Jerry Starks
JM Realty Associates, Inc.
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Views
341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%

Purchase Details

Listed on
Mar 3, 2023
Closed on
Mar 17, 2023
Sold by
Stringer Daniel W
Bought by
Lei Ming
Seller's Agent
Warren Barnes
North Eastern Group Realty
Buyer's Agent
Jerry Starks
JM Realty Associates, Inc.
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Views
341

Purchase Details

Closed on
Jul 20, 2020
Sold by
Pac Res Spe 1 Llc
Bought by
Stringer Daniel W and Stringer Joanna R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,175
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2009
Sold by
Westport Homes Of Ft Wayne Inc
Bought by
Scheumann Properties Ii Llc
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
Lei Ming -- None Listed On Document
Lei Ming -- None Listed On Document
Lei Ming $220,000 --
Stringer Daniel W -- None Available
Scheumann Properties Ii Llc -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stringer Daniel W $131,175
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2023 03/22/23 Sold $220,000 -2.2% $139 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
03/03/2023 03/03/23 For Sale $225,000 -- $142 / 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 $3,777 $227,900 $34,900 $193,000
2023 $3,772 $223,100 $34,900 $188,200
2022 $3,276 $212,400 $34,900 $177,500
2021 $3,071 $185,200 $34,900 $150,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202306107

Indiana Regional MLS

APN: 02-02-29-430-012.000-058