NOT LISTED FOR SALE

1226 Elmwood Ave Fort Wayne, IN 46805

Northside Neighborhood
5 Beds
2 Baths
2,866 Sq Ft
6,752 Sq Ft Lot

Last Sold November 28, 2016

Last sale price $80,000 $28 Per Sq Ft

18 Days on Market

Highlights

  • Fenced Yard
  • Patio
  • Forced Air Heating System
  • Porch
  • Luxury Vinyl Tile Flooring
  • Ceiling Fan

About This Home

As of November 2016

This two-story, 2,866 sq. ft. home is an outstanding opportunity for a novice landlord or the professional investor. Cute and well maintained, this Cape Cod-style home is just around the corner from Lakeside Rose Garden, and a short bike ride to downtown Fort Wayne or the North Anthony Corridor. Right in the heart of the '05 area, this is the perfect property to live in one unit while your tenant pays housing costs and your equity grows. Or, rent out both units and sit back and collect the cash flow. A long-term tenant occupies the three-bedroom, one-bath apartment downstairs and pays $700 per month, plus electric and gas. There is a month-to-month tenant in the upstairs two-bedroom, one-bath apartment paying $500 per month plus utilities. There are separate gas and electric meters. The owner pays the water bill. Both tenants have separate entrances and both have access to basement/laundry. Additional amenities include a fenced backyard and covered back patio for outdoor entertaining. The garage is perfect for storage, and could potentially be rented out. Limited photos available for tenant privacy.

Last Agent to Sell the Property

Lynn Reecer

Reecer Real Estate Advisors Listed on: 09/01/2016

Last Buyer's Agent

BARBARA QUANDT

Gold House LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,486

Year Built

  • Built in 1930

Lot Details

  • 6,752 Sq Ft Lot
  • Lot Dimensions are 150x45
  • Fenced Yard
  • Level Lot

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Parking

  • 2 Car Garage
  • Off-Street Parking

Outdoor Features

  • Patio
  • Porch

Schools

  • Forest Park Elementary School
  • Lakeside Middle School
  • North Side High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, lawn maintenance, parking, snow removal, sewer, trash collection, water softener
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 02-12-01-201-001.000-074

Community Details

Overview

  • 2 Units
  • Lakeside Park Subdivision

Amenities

  • Community Storage Space

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,350
  • Maintenance Expense $1,000
  • Water Sewer Expense $840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,486

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1930
  • Age: 86
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: LOT A LAKESIDE PARK ADD |
  • Parcel Number ID: 02-12-01-201-001.000-074
  • Platted: Yes
  • Amenities: Ceiling Fan, Fenced Yard, Fireplace, Off Street Parking, Near Walking Trail, Storage, Patio Open, Porch Open, Water Heater Gas
  • Cross Street: Crescent
  • Sp Lp Percent: 86.96
  • Monthly Gross Income: 1200
  • Year Taxes Payable: 2015
  • Special Features: None

Interior Features

  • Total Sq Ft: 4021
  • Total Finished Sq Ft: 2866
  • Above Grade Finished Sq Ft: 2866
  • Below Grade Sq Ft: 1155
  • Price Per Sq Ft: 27.91
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Flooring: Carpet, Vinyl Tile
  • Total Below Grade Sq Ft: 1155
  • Number Of Disposals: 1
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1350
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 840
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 150x45
  • Estimated Lot Sq Ft: 6752
  • Estimated Lot Size Acres: 0.155
  • Lot Number: 1

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Parking, Snow Removal, Sewer, Trash Collection, Water Softener

Tax Info

  • Total Assessed Value: 81700
  • Annual Property Tax: 1486

Multi Family

  • Gross Monthly Rent: 1200
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 2
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

MLS Schools

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

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2016 11/28/16 Sold $80,000 -13.0% $28 / Sq Ft
09/19/2016 09/19/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $92,000 -- $32 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lynn Reecer

    Seller's Agent in 2016

    Lynn Reecer

    Reecer Real Estate Advisors

    (260) 434-5750

    1 in this area

    312 Total Sales

    Lynn Reecer
    Section Image

  • B

    Buyer's Agent in 2016

    BARBARA QUANDT

    Gold House LLC

    (260) 432-0531

    2 in this area

    29 Total Sales

    BARBARA QUANDT
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201640933

Indiana Regional MLS
Indiana Allen County Fort Wayne 46805 Northside

1226 Elmwood Ave, Fort Wayne, IN

This home is located at 1226 Elmwood Ave, Fort Wayne, IN 46805 since 01 September 2016. This property was built in 1930. 1226 Elmwood Ave is a home located in Allen County with nearby schools including Forest Park Elementary School, Lakeside Middle School, and North 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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