NOT LISTED FOR SALE

1705 N Wells St Fort Wayne, IN 46808

Bloomingdale Neighborhood

Estimated Value: $143,000 - $186,000

4 Beds
2 Baths
1,794 Sq Ft
$93/Sq Ft Est. Value

Last Sold April 30, 2020

Last sale price $92,000 $51 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,101/month

1 Day on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Wood Siding

About This Home

As of April 2020

**Multiple offer received. Highest and Best by 10PM, 01/14/2020 ** Historic income flowing duplex right in the Opportunity Zone, on Wells Corridor. A short walk to Promenade Park and downtown area (less than a mile)! Many possibilities...live in one unit and rent the other to pay your mortgage and you can live FREE !! Each unit has a large extra room that with an addition od a door can be a 3rd bedroom ! Rent both and make double your mortgage in gross income flow, buy it cash and get instant returns on your cash! Laundry hook ups! Fully rented, tenants pay electric. Long term tenants wish to remain. Owner pays water and gas. Act on this one before it's gone ! Hard to come by such a historic building at this price, in a designated Opportunity Zone! (Consult your tax professional on benefits of investing in an Opportunity zone).Bring in your offer! Both units are rented, tenant rights apply. Please allow 24-48hrs for scheduling. COVID-19 addendum included. Please use all precautions necessary. Thank you !

Last Agent to Sell the Property

Rumbi Chakabva

Coldwell Banker Real Estate Group Listed on: 04/13/2020

Coldwell Banker Real Estate Group

Last Buyer's Agent

David Book

Book Real Estate Services, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,214

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Sloped Lot

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Laminate Countertops
  • Laundry in Kitchen

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

  • Bloomingdale Elementary School
  • Lakeside Middle School
  • North Side High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for fuel, water
  • Assessor Parcel Number 02-07-35-379-025.000-074

Community Details

Overview

  • 2 Units
  • Huffman Subdivision

Building Details

  • Fuel Expense $1,177
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,134

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,214

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 120
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: E 100 Lot 3 Huffmans Add
  • Parcel Number ID: 02-07-35-379-025.000-074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Countertops-Laminate
  • Inside City Limits: Yes
  • Sp Lp Percent: 104.66
  • Annual Miscellaneous: 373
  • Monthly Gross Income: 1100
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 2602
  • Total Finished Sq Ft: 1794
  • Above Grade Finished Sq Ft: 1794
  • Below Grade Sq Ft: 808
  • Price Per Sq Ft: 51.28
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Laminate, Wood
  • Total Below Grade Sq Ft: 808
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 1176.76
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 1133.95
  • Number Of W D Hookups: 2

Schools

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

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 50x100
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1100
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1214

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
Apr 13, 2020
Closed on
Apr 29, 2020
Sold by
Sabiniano Eliza
Bought by
Wall Nicole
Seller's Agent
Rumbi Chakabva
Coldwell Banker Real Estate Group
Buyer's Agent
David Book
Book Real Estate Services, LLC
List Price
$87,900
Sold Price
$92,000
Premium/Discount to List
$4,100
4.66%
Current Estimated Value
$160,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,546
Avg. Annual Appreciation
10.50%

Purchase Details

Closed on
Mar 14, 2013
Sold by
Eisaman Real Estate Inc
Bought by
Sabiniano Eliza

Purchase Details

Closed on
Sep 5, 2003
Sold by
Eisaman Paul
Bought by
Eisaman Real Estate Inc

Purchase Details

Closed on
Dec 24, 2002
Sold by
Lasalle Bank Na
Bought by
Eisaman Paul

Purchase Details

Closed on
Oct 10, 2002
Sold by
Kitzmiller John W
Bought by
Lasalle Bank National Assn
Source: Public Records

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
Wall Nicole $92,000 Trademark Title, Inc
Sabiniano Eliza -- None Available
Eisaman Real Estate Inc -- Ace Title Box
Eisaman Paul -- --
Lasalle Bank National Assn $41,201 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eisaman Real Estate Inc $20,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2020 04/30/20 Sold $92,000 +4.7% $51 / Sq Ft
04/14/2020 04/14/20 Pending -- -- --
04/13/2020 04/13/20 For Sale $87,900 -- $49 / 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 $2,668 $160,000 $14,400 $145,600
2022 $2,243 $99,800 $14,400 $85,400
2021 $2,027 $90,500 $7,400 $83,100
2020 $1,405 $64,200 $7,400 $56,800
2019 $1,215 $55,800 $4,600 $51,200
2018 $1,081 $49,300 $4,500 $44,800
2017 $734 $33,200 $2,800 $30,400
2016 $723 $33,200 $2,800 $30,400
2014 $956 $46,000 $4,700 $41,300
2013 $872 $42,000 $8,200 $33,800
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rumbi Chakabva

    Coldwell Banker Real Estate Group

    (260) 450-5796

    12 in this area

    138 Total Sales

    Section Image
  • David Book

    Buyer's Agent in 2020

    David Book

    Book Real Estate Services, LLC

    (260) 740-6013

    1 in this area

    106 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202012947

Indiana Regional MLS

APN: 02-07-35-379-025.000-074

Indiana Allen County Fort Wayne 46808 Bloomingdale

1705 N Wells St, Fort Wayne, IN

This home is located at 1705 N Wells St, Fort Wayne, IN 46808 since 13 April 2020 and is currently estimated at $166,933, approximately $93 per square foot. This property was built in 1900. 1705 N Wells St is a home located in Allen County with nearby schools including Bloomingdale 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.

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