NOT LISTED FOR SALE

1415 Summit St Fort Wayne, IN 46803

East Central Neighborhood

Estimated Value: $128,000 - $217,000

5 Beds
2.5 Baths
2,019 Sq Ft
$81/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $150,000 $74 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,074/month

141 Days on Market

Highlights

  • Wood Flooring
  • Laundry in Utility Room
  • Level Lot
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • 2-minute walk to Summit Park

About This Home

As of January 2024

Don't miss out on this fully rented opportunity for an immediate $2,250 monthly rent income with parental guarantee! This 5-bed, 2.5-bath Fort Wayne home, minutes from downtown and Indiana Tech is a great opportunity for investors and homeowners alike. Modern, spacious interior features vinyl plank flooring, a large updated kitchen with high-end appliances, and 5 versatile bedrooms. Ideal for urban living and student housing. Outside, a generous yard offers space for gatherings or relaxation. View virtual tour here - https://my.matterport.com/show/?m=9DMbseuwky9&

Last Agent to Sell the Property

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 08/16/2023

eXp Realty, LLC

Last Buyer's Agent

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 08/16/2023

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,791

Year Built

  • Built in 1930

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 30x150
  • Level Lot

Home Design

  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry in Utility Room

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 4 Parking Spaces
  • Driveway
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for building insurance, electric, fuel, lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 02-12-01-460-009.000-074

Community Details

Overview

  • Eliza Hanna Senior Subdivision

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,336
  • Fuel Expense $1,284
  • Insurance Expense $600
  • Maintenance Expense $600
  • Water Sewer Expense $1,275

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,791

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1930
  • Style: One and Half Story
  • Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: E 22.4' LOT 4 PETER STEINS ADDITON & W 1/2 VAC ALLEY
  • Parcel Number ID: 02-12-01-460-009.000-074
  • Platted: Yes
  • Amenities: Off Street Parking, Countertops-Laminate, Eat-In Kitchen, Water Heater Gas
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 3038
  • Total Finished Sq Ft: 2019
  • Above Grade Finished Sq Ft: 2019
  • Below Grade Sq Ft: 1019
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Laminate, Wood, Tile, Vinyl
  • Total Below Grade Sq Ft: 1019
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Indiana Michigan Power
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Annual Electric: 2336.4
  • Annual Fuel Expense: 1284.36
  • Annual Insurance Expense: 600
  • Annual Maintenance Expense: 600
  • Annual Water Sewer Expense: 1275.24
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Forest Park

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 30X150
  • Estimated Lot Sq Ft: 4500
  • Estimated Lot Size Acres: 0.1
  • Lot Number: 4

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Fuel, Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water

Tax Info

  • Annual Property Tax: 1790.58

Multi Family

  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of Washers: 1

MLS Schools

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

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2023
Closed on
Jan 4, 2024
Sold by
Harmony Homes Fort Wayne Llc
Bought by
Cao Michele
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Jordan Wildman
eXp Realty, LLC
List Price
$194,900
Sold Price
$150,000
Premium/Discount to List
-$44,900
-23.04%
Views
404
Current Estimated Value
$164,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,111
Avg. Annual Appreciation
4.65%
Original Mortgage
$120,000
Outstanding Balance
$117,684
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$46,427

Purchase Details

Listed on
Aug 16, 2023
Closed on
Jan 2, 2024
Sold by
Harmony Homes Fort Wayne Llc
Bought by
Cao Michele
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Jordan Wildman
eXp Realty, LLC
List Price
$194,900
Sold Price
$150,000
Premium/Discount to List
-$44,900
-23.04%
Views
404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$117,684
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$46,427

Purchase Details

Closed on
Aug 3, 2023
Sold by
Harmony Homes Fw Llc
Bought by
Harmony Homes Fort Wayne Llc

Purchase Details

Closed on
Jul 28, 2023
Sold by
Rosenbeck David and Rosenbeck Logan
Bought by
Harmony Homes Fw Llc

Purchase Details

Closed on
Jul 21, 2023
Sold by
Rosenbeck David and Rosenbeck Logan
Bought by
Harmony Homes Fw Llc

Purchase Details

Listed on
Jan 7, 2021
Closed on
Feb 16, 2021
Sold by
Jtk Propertties Llc
Bought by
Rosenbeck David and Rosenbeck Logan
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Katherine Selig
Dreamkeeper Realty, LLC
List Price
$89,900
Sold Price
$91,000
Premium/Discount to List
$1,100
1.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.87%
Original Mortgage
$72,800
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 7, 2021
Closed on
Feb 12, 2021
Sold by
Jtk Properties Llc
Bought by
Rosenbeck David and Rosenbeck Logan
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Katherine Selig
Dreamkeeper Realty, LLC
List Price
$89,900
Sold Price
$91,000
Premium/Discount to List
$1,100
1.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,800
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2019
Sold by
Nour Afaf Oumar
Bought by
Jtk Properties

Purchase Details

Closed on
Dec 20, 2010
Sold by
Idriss Zakaria
Bought by
Nour Afaf Oumar

Purchase Details

Closed on
Apr 9, 2010
Sold by
Allen County Community Development Corpo and Bloom Linda K
Bought by
Idriss Zakaria

Purchase Details

Closed on
May 28, 2009
Sold by
Cooper Lee H
Bought by
Allen County Community Development Corpo
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Cao Michele $150,000 None Listed On Document
Cao Michele -- None Listed On Document
Harmony Homes Fort Wayne Llc -- None Listed On Document
Harmony Homes Fw Llc -- None Listed On Document
Harmony Homes Fw Llc -- None Listed On Document
Rosenbeck David -- Centurion Land Title Inc
Rosenbeck David -- Centurion Land Title
Jtk Properties -- None Available
Nour Afaf Oumar -- None Available
Idriss Zakaria -- None Available
Allen County Community Development Corpo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cao Michele $120,000
Closed Cao Michele $120,000
Previous Owner Rosenbeck David $72,800
Previous Owner Rosenbeck David $72,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2024 01/08/24 Sold $150,000 -14.2% $74 / Sq Ft
01/04/2024 01/04/24 Pending -- -- --
11/30/2023 11/30/23 Price Changed $174,900 -2.8% $87 / Sq Ft
11/07/2023 11/07/23 Price Changed $179,900 -5.3% $89 / Sq Ft
09/11/2023 09/11/23 Price Changed $189,900 -2.6% $94 / Sq Ft
08/16/2023 08/16/23 For Sale $194,900 +114.2% $97 / Sq Ft
02/16/2021 02/16/21 Sold $91,000 +1.2% $45 / Sq Ft View Prior Sale
01/10/2021 01/10/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $89,900 -- $45 / 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
2025 $2,599 $111,400 $11,800 $99,600
2024 $1,792 $113,700 $12,500 $101,200
2022 $1,791 $80,000 $5,400 $74,600
2021 $911 $41,000 $1,400 $39,600
2020 $1,101 $50,300 $1,400 $48,900
2019 $284 $36,900 $1,200 $35,700
2018 $350 $44,600 $1,200 $43,400
2017 $270 $33,200 $1,200 $32,000
2016 $207 $25,300 $1,200 $24,100
2014 $152 $18,900 $1,200 $17,700
2013 $134 $17,000 $1,200 $15,800
Source: Public Records

Agents Affiliated with this Home

  • Jordan Wildman

    Seller's Agent in 2024

    Jordan Wildman

    eXp Realty, LLC

    (260) 498-0384

    2 in this area

    261 Total Sales

    Jordan Wildman
    Section Image
  • Brandon Stone

    Seller's Agent in 2021

    Brandon Stone

    CENTURY 21 Bradley Realty, Inc

    (260) 446-5159

    12 in this area

    599 Total Sales

    Brandon Stone
    Section Image

  • K

    Buyer's Agent in 2021

    Katherine Selig

    Dreamkeeper Realty, LLC

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202330690

Indiana Regional MLS

APN: 02-12-01-460-009.000-074

Indiana Allen County Fort Wayne 46803 East Central

1415 Summit St, Fort Wayne, IN

Not Listed for Sale

MultiFamily

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