NOT LISTED FOR SALE

1341 Fay Dr Fort Wayne, IN 46807

Broad River Neighborhood

Estimated Value: $88,000 - $160,000

4 Beds
2 Baths
1,500 Sq Ft
$90/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $42,000 $28 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $842/month

156 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Level Lot

About This Home

As of August 2017

Investors! Easy to rent duplex. Both sides currently occupied. Back door access to back yard. Each unit comes with refrigerator and range, w/d hook-ups, 2 bedrooms, 2 full bath, and a large basement storage area. Unit to the left is being renovated, has fresh paint. Flooring needs hard wood work or carpet laid. Either can be worked into a reasonable purchase price.

Last Agent to Sell the Property

Jennifer Tippmann

CENTURY 21 Bradley Realty, Inc Listed on: 03/28/2017

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

Sean Stinson

E. L. S. Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $479

Year Built

  • Built in 1940

Lot Details

  • 5,924 Sq Ft Lot
  • Lot Dimensions are 56x106
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • South Wayne Elementary School
  • Portage Middle School
  • South Side High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable, electric, sewer, trash collection, water
  • The owner pays for tax
  • Assessor Parcel Number 02-12-10-480-003.000-074

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$479

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1940
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Lot 6 Fay Place ADD |
  • Parcel Number ID: 02-12-10-480-003.000-074
  • Platted: Yes
  • Amenities: Basement
  • Special Features: None

Interior Features

  • Total Sq Ft: 2200
  • Total Finished Sq Ft: 1500
  • Above Grade Finished Sq Ft: 1500
  • Below Grade Sq Ft: 700
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Basement Material: Poured Concrete
  • Flooring: Wood
  • Total Below Grade Sq Ft: 700
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick
  • Stories: 2

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: South Wayne

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 56x106
  • Estimated Lot Sq Ft: 5924
  • Estimated Lot Size Acres: 0.136

Rental Info

  • Lease Term: Negotiable
  • Owner Pays: Tax
  • Tenant Pays: Cable, Electric, Sewer, Trash Collection, Water

Tax Info

  • Annual Property Tax: 479

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2017
Closed on
Aug 31, 2017
Sold by
Tippmann James L and Tippmann James L
Bought by
Gienger Gary L and Gienger Jane A S
Seller's Agent
Jennifer Tippmann
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Sean Stinson
E. L. S. Realty Group
List Price
$49,900
Sold Price
$42,000
Premium/Discount to List
-$7,900
-15.83%
Current Estimated Value
$134,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,432
Avg. Annual Appreciation
15.32%

Purchase Details

Closed on
Nov 16, 2005
Sold by
Thomas Jamie L
Bought by
Tippman James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,512
Interest Rate
6.17%
Mortgage Type
FHA
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
Gienger Gary L $42,000 Metropolitan Title Of In
Tippman James L -- Metropolitan Title Of In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tippman James L $54,512
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2017 08/31/17 Sold $42,000 -15.8% $28 / Sq Ft
08/31/2017 08/31/17 Pending -- -- --
03/28/2017 03/28/17 For Sale $49,900 -- $33 / 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 $1,653 $107,200 $12,000 $95,200
2022 $1,576 $70,100 $8,200 $61,900
2021 $1,097 $49,000 $5,000 $44,000
2020 $1,383 $63,200 $6,300 $56,900
2019 $949 $43,600 $6,300 $37,300
2018 $875 $39,900 $6,300 $33,600
2017 $763 $34,800 $6,300 $28,500
2016 $746 $34,500 $6,300 $28,200
2014 $480 $23,200 $7,600 $15,600
2013 $540 $26,100 $7,600 $18,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jennifer Tippmann

    CENTURY 21 Bradley Realty, Inc

    Section Image

  • S

    Buyer's Agent in 2017

    Sean Stinson

    E. L. S. Realty Group

    (260) 704-1381

    35 Total Sales

    Sean Stinson
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201712477

Indiana Regional MLS

APN: 02-12-10-480-003.000-074

Indiana Allen County Fort Wayne 46807 Broad River

1341 Fay Dr, Fort Wayne, IN

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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