NOT LISTED FOR SALE

1235 Stophlet St Fort Wayne, IN 46802

West Central Neighborhood

Estimated Value: $195,363 - $289,000

4 Beds
4 Baths
2,815 Sq Ft
$81/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $134,000 $48 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,499/month

22 Days on Market

Highlights

  • Traditional Architecture
  • Hot Water Heating System
  • Level Lot
  • Tile Flooring

About This Home

As of October 2020

*ATTENTION INVESTORS* Take a look at this well preserved fourplex in the heart of Fort Wayne! Adjacent to the GE renovation project, this home includes a 3 stall garage which the previous owner rented for $150 per month (not included in our current assessment of gross rent). There are 4 breaker boxes, one per unit and all have been updated within the last 2 years. The sewer line from the house to the street was replaced 3 years ago. The boiler was updated and the widow wraps were done 6 years ago. The garage got new siding and overhead doors 8 years ago. A current Conventional Mortgage at 75% LTV from Ruoff Mortgage as of this morning will come with an interest rate of 4.375% making your monthly payment $742. And taking your initial investment of 25% or $34,975 broken down over 360 months adds another $97 dollars to your cost, bringing the total cost of monthly financing $839. All said and done with financing you net $348 per month which is a 29% ROI per month. This is a safe and easy way to start making money in real estate today! https://youtu.be/2dkjFDc2qSA

Last Agent to Sell the Property

David Barlag

CENTURY 21 Bradley Realty, Inc Listed on: 08/14/2020

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

David Barlag

CENTURY 21 Bradley Realty, Inc Listed on: 08/14/2020

CENTURY 21 Bradley Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,422

Year Built

  • Built in 1895

Lot Details

  • 6,447 Sq Ft Lot
  • Lot Dimensions are 46x140
  • Level Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Shingle Roof
  • Asphalt Roof
  • Asbestos Siding
  • Shingle Siding

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • Off-Street Parking
  • Off-Site Parking

Location

  • Suburban Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for heating, water
  • Assessor Parcel Number 02-12-10-287-002.000-074

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $1,800
  • Insurance Expense $1,980
  • Maintenance Expense $2,160
  • Water Sewer Expense $936

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,422

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1895
  • Age: 125
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 26 STOPHLETS ADD
  • Parcel Number ID: 02-12-10-287-002.000-074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 95.78
  • Annual Miscellaneous: 500
  • Monthly Gross Income: 1800
  • Special Features: None

Interior Features

  • Total Sq Ft: 3883
  • Total Finished Sq Ft: 2815
  • Above Grade Finished Sq Ft: 2815
  • Below Grade Sq Ft: 1068
  • Price Per Sq Ft: 47.6
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Carpet, Tile, Vinyl
  • Total Below Grade Sq Ft: 1068
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Asbestos, Shingle
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Parking: Off Site

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Gas, Hot Water, Radiator
  • Sewer: City
  • Water Utilities: City
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Annual Fuel Expense: 1800
  • Annual Insurance Expense: 1980
  • Annual Maintenance Expense: 2160
  • Annual Water Sewer Expense: 936
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Study
  • Middle School: Kekionga
  • High School: South Side

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 46X140
  • Estimated Lot Sq Ft: 6447
  • Estimated Lot Size Acres: 0.148

Rental Info

  • Owner Pays: Heating, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1800
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 1422

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Oct 22, 2020
Sold by
Medford John
Bought by
Wright Tina
Seller's Agent
David Barlag
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
David Barlag
CENTURY 21 Bradley Realty, Inc
List Price
$139,900
Sold Price
$134,000
Premium/Discount to List
-$5,900
-4.22%
Current Estimated Value
$229,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,121
Avg. Annual Appreciation
7.25%
Original Mortgage
$100,500
Outstanding Balance
$90,593
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$98,079

Purchase Details

Listed on
Oct 26, 2019
Closed on
Dec 6, 2019
Sold by
Adams Darrell E and Adams Karol A
Bought by
Medford John
Seller's Agent
Sam Snyder
eXp Realty, LLC
Buyer's Agent
David Barlag
CENTURY 21 Bradley Realty, Inc
List Price
$104,000
Sold Price
$112,500
Premium/Discount to List
$8,500
8.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.15%
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
Wright Tina -- Centurion Land Title Inc
Medford John -- Fidelity National Ttl Co Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Tina $100,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2020 10/09/20 Sold $134,000 -4.2% $48 / Sq Ft
09/05/2020 09/05/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $139,900 +24.4% $50 / Sq Ft
12/06/2019 12/06/19 Sold $112,500 +8.2% $40 / Sq Ft
10/31/2019 10/31/19 Pending -- -- --
10/26/2019 10/26/19 For Sale $104,000 -- $37 / 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 $3,116 $139,900 $9,100 $130,800
2022 $2,443 $108,700 $8,500 $100,200
2021 $2,036 $90,900 $6,100 $84,800
2020 $2,102 $96,300 $6,300 $90,000
2019 $1,422 $65,300 $6,300 $59,000
2018 $1,458 $66,500 $6,300 $60,200
2017 $1,263 $57,100 $6,300 $50,800
2016 $859 $56,500 $6,300 $50,200
2014 $800 $38,500 $7,100 $31,400
2013 $805 $38,800 $7,100 $31,700
Source: Public Records

Agents Affiliated with this Home

  • David Barlag

    Seller's Agent in 2020

    David Barlag

    CENTURY 21 Bradley Realty, Inc

    (260) 750-5737

    2 in this area

    102 Total Sales

    David Barlag
    Section Image
  • Sam Snyder

    Seller's Agent in 2019

    Sam Snyder

    eXp Realty, LLC

    (260) 466-2595

    1 in this area

    69 Total Sales

    Sam Snyder
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202032052

Indiana Regional MLS

APN: 02-12-10-287-002.000-074

Indiana Allen County Fort Wayne 46802 West Central

1235 Stophlet St, Fort Wayne, IN

This home is located at 1235 Stophlet St, Fort Wayne, IN 46802 since 14 August 2020 and is currently estimated at $229,121, approximately $81 per square foot. This property was built in 1895. 1235 Stophlet St is a home located in Allen County with nearby schools including Study Elementary School, Kekionga 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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