NOT LISTED FOR SALE

1508 Spy Run Ave Fort Wayne, IN 46805

Spy Run Neighborhood

Estimated Value: $119,000 - $199,000

3 Beds
3 Baths
2,220 Sq Ft
$68/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $83,500 $38 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $1,115/month

63 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • Wood Siding
  • Forced Air Heating System

About This Home

As of February 2020

This is a 3 unit apartment building with one efficiency on main, one bedroom at the back of property and a 2 bedroom on second floor. 3 parking spaces in back. It has 4 electric meters, 3 gas meters. Owner has property Management Co. in place. Instant return on investment $1549/ month rental income. Can be purchased as a package with another rented Duplex MLS: 201952055, 340 W Dewald.

Last Listed By

Gary Brigman

Keller Williams Realty Group Listed on: 12/06/2019

Keller Williams Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $790

Year Built

  • Built in 1924

Lot Details

  • 3,010 Sq Ft Lot
  • Lot Dimensions are 32 x 94
  • Level Lot

Home Design

  • Triplex
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for lawn maintenance, maintenance, snow removal, sewer, tax, trash collection, water
  • Assessor Parcel Number 02-12-02-231-003.000-074

Community Details

Overview

  • 3 Units
  • Burtsfield Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,200
  • Insurance Expense $600
  • Maintenance Expense $500
  • Water Sewer Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$790

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1924
  • Age: 96
  • Style: Two Story
  • Architectural Style: Foursquare
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Lot 5 Burtsfield Add
  • Parcel Number ID: 02-12-02-231-003.000-074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 91.26
  • Zoning Description: Residential
  • Monthly Gross Income: 1549
  • Year Taxes Payable: 2018
  • Special Features: None

Interior Features

  • Total Sq Ft: 2580
  • Total Finished Sq Ft: 2220
  • Above Grade Finished Sq Ft: 2220
  • Below Grade Sq Ft: 360
  • Price Per Sq Ft: 37.61
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl, Wood
  • Total Below Grade Sq Ft: 360
  • Number Of Ranges Ovens: 3

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking: Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 600
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1800
  • Number Electric Meters: 4
  • Number Gas Meters: 3
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

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: 32 x 94
  • Estimated Lot Sq Ft: 3010
  • Estimated Lot Size Acres: 0.0691

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Maintenance, Snow Removal, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1549
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 790

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2019
Closed on
Mar 2, 2020
Sold by
Neutra Properties Llc
Bought by
Dawson Herman
Seller's Agent
Gary Brigman
Keller Williams Realty Group
Buyer's Agent
Sean Stinson
E. L. S. Realty Group
List Price
$91,500
Sold Price
$83,500
Premium/Discount to List
-$8,000
-8.74%
Total Days on Market
63
Current Estimated Value
$151,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,105
Avg. Annual Appreciation
12.28%

Purchase Details

Listed on
Dec 6, 2019
Closed on
Feb 25, 2020
Sold by
Neutra Properties Llc
Bought by
Dawson Herman
Seller's Agent
Gary Brigman
Keller Williams Realty Group
Buyer's Agent
Sean Stinson
E. L. S. Realty Group
List Price
$91,500
Sold Price
$83,500
Premium/Discount to List
-$8,000
-8.74%

Purchase Details

Closed on
Jun 8, 2018
Sold by
Gerig Adam
Bought by
Inpro Rei Llc

Range of Values:

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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
Dawson Herman -- Centurion Land Title
Dawson Herman $83,500 Centurion Land Title Inc
Inpro Rei Llc $65,000 Centurion Land Title Inc
Gerig Adam $65,000 Centurion Land Title Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $83,500 -8.7% $38 / Sq Ft
02/07/2020 02/07/20 Pending -- -- --
12/06/2019 12/06/19 For Sale $91,500 -- $41 / 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 $3,304 $137,400 $13,000 $124,400
2022 $2,697 $120,000 $7,700 $112,300
2021 $2,260 $100,900 $12,700 $88,200
2020 $1,462 $66,800 $3,200 $63,600
2019 $1,204 $55,300 $3,200 $52,100
2018 $1,208 $55,100 $3,200 $51,900
2017 $790 $35,700 $2,700 $33,000
2016 $778 $35,700 $2,700 $33,000
2014 $1,010 $48,600 $4,500 $44,100
2013 $1,009 $48,600 $4,500 $44,100
Source: Public Records

Agents Affiliated with this Home

  • Gary Brigman

    Seller's Agent in 2020

    Gary Brigman

    Keller Williams Realty Group

    (260) 410-0064

    128 Total Sales

    Gary Brigman
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jill Brigman

    Keller Williams Realty Group

    (260) 410-0174

    165 Total Sales

    Jill Brigman
    Section Image

  • S

    Buyer's Agent in 2020

    Sean Stinson

    E. L. S. Realty Group

    1 in this area

    45 Total Sales

    Sean Stinson
    Section Image
See All Agents

Map

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Source: Indiana Regional MLS

MLS Number: 201952045

Indiana Regional MLS

APN: 02-12-02-231-003.000-074

Indiana Allen County Fort Wayne 46805 Spy Run

1508 Spy Run Ave, Fort Wayne, IN

Homes for Sale in Fort Wayne, IN

This home is located at 1508 Spy Run Ave, Fort Wayne, IN 46805 since 06 December 2019 and is currently estimated at $151,605, approximately $68 per square foot. This property was built in 1924. 1508 Spy Run 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.