NOT LISTED FOR SALE

1232 W Washington Blvd Fort Wayne, IN 46802

West Central Neighborhood

Estimated Value: $392,000 - $406,783

6 Beds
6 Baths
3,440 Sq Ft
$116/Sq Ft Est. Value

Last Sold March 04, 2020

Last sale price $250,000 $73 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,831/month

Highlights

  • 0.2 Acre Lot
  • Level Lot
  • 4-minute walk to Moody Park
  • Wood Flooring
  • Wood Siding

About This Home

As of March 2020

Great opportunity to own an established rental property in the heart of West Central!

Last Agent to Sell the Property

Kevin Gerbers

CENTURY 21 Bradley Realty, Inc Listed on: 02/03/2020

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

Brandon Steffen

Steffen Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,834

Year Built

  • Built in 1921

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 39x185
  • Level Lot

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Schools

  • Washington Elementary School
  • Portage Middle School
  • Wayne High School

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, fuel, sewer, water
  • The owner pays for tax
  • Assessor Parcel Number 02-12-03-489-015.000-074

Community Details

Overview

  • 6 Units
  • Rock Hill / Rockhill Subdivision

Building Details

  • Electric Expense $2,200
  • Fuel Expense $2,400
  • Insurance Expense $1,500
  • Maintenance Expense $1,500
  • Trash Expense $500
  • Water Sewer Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,834

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Sixplex
  • Year Built: 1921
  • Age: 99
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: LOT 230 ROCKHILLS 1ST AMEND ADD EX W 12FT OF N 30 FT
  • Parcel Number ID: 02-12-03-489-015.000-074
  • Platted: Yes
  • Amenities: Water Heater Gas
  • Sp Lp Percent: 100
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 2795
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 5184
  • Total Finished Sq Ft: 3440
  • Above Grade Finished Sq Ft: 3440
  • Below Grade Sq Ft: 1744
  • Price Per Sq Ft: 72.67
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Wood
  • Total Below Grade Sq Ft: 1744
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Wood
  • Stories: 2

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2200
  • Annual Fuel Expense: 2400
  • Annual Insurance Expense: 1500
  • Annual Maintenance Expense: 1500
  • Annual Trash Expense: 500
  • Annual Water Sewer Expense: 1500

Schools

  • School District: Fort Wayne Community
  • Elementary School: Washington
  • Middle School: Portage
  • High School: Wayne
  • Elementary School: Washington

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 39X185
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Tax
  • Tenant Pays: Electric, Fuel, Sewer, Water

Multi Family

  • Gross Monthly Rent: 2795
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Num Of1 Bedrooms: 6
  • Num Of Units Rented: 6

Tax Info

  • Annual Property Tax: 2834

MLS Schools

  • High School: Wayne
  • Middle School: Portage
  • School District: Fort Wayne Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2020
Closed on
Mar 11, 2020
Sold by
Lee Shaffer
Bought by
Nine Units Llc
Seller's Agent
Kevin Gerbers
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Brandon Steffen
Steffen Group
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$397,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,928
Avg. Annual Appreciation
8.67%
Original Mortgage
$187,500
Outstanding Balance
$148,221
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$249,707

Purchase Details

Listed on
Feb 3, 2020
Closed on
Mar 4, 2020
Sold by
Shaffer Lee
Bought by
Nine Units Llc
Seller's Agent
Kevin Gerbers
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Brandon Steffen
Steffen Group
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Outstanding Balance
$148,221
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$249,707
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
Nine Units Llc -- Metropolitan Title
Nine Units Llc $250,000 Metropolitan Title Of In Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nine Units Llc $187,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2020 03/04/20 Sold $250,000 0.0% $73 / Sq Ft
02/03/2020 02/03/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $250,000 -- $73 / 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 $8,665 $404,400 $75,600 $328,800
2022 $8,412 $374,600 $75,600 $299,000
2021 $5,122 $228,700 $75,600 $153,100
2020 $4,147 $189,500 $75,600 $113,900
2019 $2,816 $129,300 $18,900 $110,400
2018 $2,834 $129,300 $18,900 $110,400
2017 $2,860 $129,300 $18,900 $110,400
2016 $2,818 $129,300 $18,900 $110,400
2014 $2,687 $129,300 $18,900 $110,400
2013 $2,684 $129,300 $18,900 $110,400
Source: Public Records

Agents Affiliated with this Home

  • Kevin Gerbers

    Seller's Agent in 2020

    Kevin Gerbers

    CENTURY 21 Bradley Realty, Inc

    (260) 426-0633

    8 in this area

    146 Total Sales

    Kevin Gerbers
    Section Image
  • Brandon Steffen

    Buyer's Agent in 2020

    Brandon Steffen

    Steffen Group

    (260) 710-5684

    24 in this area

    159 Total Sales

    Brandon Steffen
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202004109

Indiana Regional MLS

APN: 02-12-03-489-015.000-074

Indiana Allen County Fort Wayne 46802 West Central

1232 W Washington Blvd, Fort Wayne, IN

This home is located at 1232 W Washington Blvd, Fort Wayne, IN 46802 since 03 February 2020 and is currently estimated at $397,928, approximately $115 per square foot. This property was built in 1921. 1232 W Washington Blvd is a home located in Allen County with nearby schools including Washington Elementary School, Portage Middle School, and Wayne 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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