NOT LISTED FOR SALE

1225 E Pettit Ave Fort Wayne, IN 46806

Mount Vernon Park Neighborhood

Estimated Value: $65,000 - $72,000

2 Beds
1 Bath
725 Sq Ft
$94/Sq Ft Est. Value

Last Sold February 04, 2022

Last sale price $46,750 $64 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $491/month

13 Days on Market

Highlights

  • Ranch Style House
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of February 2022

Come take a look at this 2 bedroom investment property in Mount Vernon Park! Currently tenant occupied @ $550/ Month. Investors will see immediate return on investment. Property is sold As Is, Cash only!

Last Agent to Sell the Property

Brandon Stone

CENTURY 21 Bradley Realty, Inc Listed on: 01/18/2022

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

Ty McInturff

CENTURY 21 Bradley Realty, Inc

CENTURY 21 Bradley Realty, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $534

Year Built

  • Built in 1951

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x126

Parking

  • 1 Car Detached Garage

Home Design

  • 725 Sq Ft Home
  • Ranch Style House
  • Planned Development
  • Slab Foundation
  • Asphalt Roof

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Suburban Location

Schools

  • Abbett Elementary School
  • Lane Middle School
  • South Side High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 02-12-24-259-036.000-074

Home Details

Home Type

Single Family

Est. Annual Taxes

$534

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1951
  • Age: 71
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 4
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: Mount Vernon Park Sec II Lot 120
  • Parcel Number ID: 02-12-24-259-036.000-074
  • Platted: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 99.68
  • Year Taxes Payable: 2022
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 725
  • Total Finished Sq Ft: 725
  • Above Grade Finished Sq Ft: 725
  • Price Per Sq Ft: 64.48
  • Basement Foundation: Slab
  • Living Great Room: Dimensions: 16x16, On Level: Main
  • Kitchen: Dimensions: 12x14, On Level: Main
  • Dining Room: Dimensions: 12x12, On Level: Main
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 12x12, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Detached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 14x22
  • Garage Sq Ft: 308
  • Garage: Yes

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities

Schools

  • School District: Fort Wayne Community
  • Elementary School: Abbett
  • Middle School: Lane
  • High School: South Side
  • Elementary School: Abbett

Lot Info

  • Lot Description: Planned Unit Development
  • Lot Dimensions: 50x126
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Tax Info

  • Annual Taxes: 533.92

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2022
Closed on
Feb 7, 2022
Sold by
Ace Properties & Investments Llc
Bought by
Mr Ventures Llc
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Ty McInturff
CENTURY 21 Bradley Realty, Inc
List Price
$52,000
Sold Price
$46,750
Premium/Discount to List
-$5,250
-10.1%
Total Days on Market
13
Current Estimated Value
$68,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,750
Avg. Annual Appreciation
12.19%

Purchase Details

Listed on
Jan 18, 2022
Closed on
Jan 11, 2022
Sold by
Josh Aber
Bought by
Ace Properties & Investments Llc
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Ty McInturff
CENTURY 21 Bradley Realty, Inc
List Price
$52,000
Sold Price
$46,750
Premium/Discount to List
-$5,250
-10.1%

Purchase Details

Listed on
Jan 18, 2022
Closed on
Jan 7, 2022
Sold by
Aber Josh
Bought by
Ace Properties & Investments Llc
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Ty McInturff
CENTURY 21 Bradley Realty, Inc
List Price
$52,000
Sold Price
$46,750
Premium/Discount to List
-$5,250
-10.1%

Purchase Details

Closed on
Dec 16, 2014
Sold by
Schlenker Steve and Schlenker Steven J
Bought by
Aber Josh

Purchase Details

Closed on
Nov 1, 2009
Sold by
Purvis Steve
Bought by
Schlenker Scott

Purchase Details

Closed on
Sep 15, 2009
Sold by
First Merchants Bank Na
Bought by
Purvis Steve

Purchase Details

Closed on
Jun 12, 2009
Sold by
Kmg Rentals Ii Llc
Bought by
First Merchants Bank Na

Purchase Details

Closed on
Feb 4, 2008
Sold by
Gause Greg Alan and Gause Stacy Renee
Bought by
Kmg Rentals Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 29, 2006
Sold by
Metro Real Estate Inc
Bought by
Gause Greg Alan and Gause Stacy Renee

Purchase Details

Closed on
Dec 2, 2002
Sold by
Hunsche Charles W
Bought by
First Fsb
Source: Public Records

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Range of Values:

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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
Ace Properties & Investments Llc $38,500 Fidelity National Ttl Co Llc
Aber Josh -- None Available
Schlenker Steven J -- None Available
Schlenker Scott -- Nations Title Agency
Purvis Steve -- None Available
First Merchants Bank Na -- Commonwealth-Dreibelbiss Tit
Kmg Rentals Ii Llc -- Commonwealth-Dreibelbiss Tit
Gause Greg Alan -- None Available
First Fsb -- --
Mr Ventures Llc $46,750 Fidelity National Title
Ace Properties & Investments Llc $38,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mr Ventures Llc $528,750
Previous Owner Kmg Rentals Ii Llc $20,000
Previous Owner Kmg Rentals Ii Llc $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2022 02/04/22 Sold $46,750 -0.3% $64 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
01/29/2022 01/29/22 Price Changed $46,900 -2.1% $65 / Sq Ft
01/24/2022 01/24/22 Price Changed $47,900 -4.0% $66 / Sq Ft
01/20/2022 01/20/22 Price Changed $49,900 -4.0% $69 / Sq Ft
01/18/2022 01/18/22 For Sale $52,000 -- $72 / 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 $1,271 $58,700 $16,200 $42,500
2022 $1,092 $48,600 $7,400 $41,200
2021 $672 $30,000 $1,400 $28,600
2020 $534 $24,400 $1,300 $23,100
2019 $505 $23,200 $1,500 $21,700
2018 $651 $29,700 $1,500 $28,200
2017 $442 $20,000 $1,500 $18,500
2016 $375 $17,200 $1,500 $15,700
2014 $116 $14,400 $1,500 $12,900
2013 $121 $15,300 $1,500 $13,800
Source: Public Records

Agents Affiliated with this Home

  • Brandon Stone

    Seller's Agent in 2022

    Brandon Stone

    CENTURY 21 Bradley Realty, Inc

    (260) 446-5159

    10 in this area

    527 Total Sales

    Brandon Stone
    Section Image
  • Ty McInturff

    Buyer's Agent in 2022

    Ty McInturff

    CENTURY 21 Bradley Realty, Inc

    (260) 750-5000

    1 in this area

    72 Total Sales

    Ty McInturff
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202201735

Indiana Regional MLS

APN: 02-12-24-259-036.000-074

Indiana Allen County Fort Wayne 46806 Mount Vernon Park

1225 E Pettit Ave, Fort Wayne, IN

This home is located at 1225 E Pettit Ave, Fort Wayne, IN 46806 since 18 January 2022 and is currently estimated at $68,500, approximately $94 per square foot. This property was built in 1951. 1225 E Pettit Ave is a home located in Allen County with nearby schools including Merle J Abbett Elementary School, Lane 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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