NOT LISTED FOR SALE

Estimated Value: $159,000 - $179,943

3 Beds
2 Baths
1,492 Sq Ft
$113/Sq Ft Est. Value

Last Sold August 09, 2024

Last sale price $170,000 $114 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,197/month

18 Days on Market

Highlights

  • Wood Flooring
  • Eat-In Kitchen
  • Forced Air Heating System
  • Porch
  • Shed
  • Baseboard Heating

About This Home

As of August 2024

This charming downtown Fort Wayne duplex offers a fantastic opportunity for investors for a turnkey rental or Airbnb as well as owner-occupants seeking a prime location near the River Greenway. Both units are fully equipped for immediate success as Airbnbs with furniture available for purchase, featuring new stainless steel appliances, crisp painted kitchen cabinets, modern LVP flooring, and classic hardwood floors. In-unit washer and dryers provide added convenience for guests (W/D excluded from sale but available for purchase) and recent main sewer line replacement. The main level boasts a completely renovated bathroom with new fixtures, vanity, tub, and surround, while retaining the original charm of its moldings and wood cabinets in the laundry room. The upper unit stuns with an updated bathroom featuring a gorgeous clawfoot tub. This versatile property can be used for traditional investment purposes, generating rental income from both units. Alternatively, owner-occupants can live in one unit and offset their mortgage by renting out the other. Don't miss your chance to own a piece of vibrant downtown Fort Wayne!

Last Agent to Sell the Property

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 07/19/2024

eXp Realty, LLC

Last Buyer's Agent

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 07/19/2024

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,292

Year Built

  • Built in 1925

Lot Details

  • 6,210 Sq Ft Lot
  • Lot Dimensions are 45x138
  • Level Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Washer Hookup
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Shed
  • Porch

Location

  • Suburban Location

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for building insurance, electric, fuel, lawn maintenance, maintenance, snow removal, tax, trash collection, water
  • Assessor Parcel Number 02-07-36-377-008.000-074

Community Details

Overview

  • 2 Units
  • Rissings Subdivision

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $1,600
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,292

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1925
  • Age: 99
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: RISSINGS ADDITION LOT 34
  • Parcel Number ID: 02-07-36-377-008.000-074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Countertops-Laminate, Eat-In Kitchen, Porch Open, Water Heater Gas, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 106.32
  • Monthly Gross Income: 2886
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 2304
  • Total Finished Sq Ft: 1492
  • Above Grade Finished Sq Ft: 1492
  • Below Grade Sq Ft: 812
  • Price Per Sq Ft: 113.94
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Wood, Vinyl
  • Total Below Grade Sq Ft: 812
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 80

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Off Street

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Annual Electric: 1200
  • Annual Fuel Expense: 1600
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 1000
  • Annual Water Sewer Expense: 1000
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 45X138
  • Estimated Lot Sq Ft: 6210
  • Estimated Lot Size Acres: 0.14
  • Lot Number: 34

Rental Info

  • Owner Pays: Building Insurance, Electric, Fuel, Lawn Maintenance, Maintenance, Snow Removal, Tax, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 2885.29
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1

Tax Info

  • Annual Property Tax: 3292.12

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
Jul 19, 2024
Closed on
Aug 9, 2024
Sold by
King Sarah
Bought by
Mason Lauren
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Jordan Wildman
eXp Realty, LLC
List Price
$159,900
Sold Price
$170,000
Premium/Discount to List
$10,100
6.32%
Views
14
Current Estimated Value
$168,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,514
Avg. Annual Appreciation
-0.89%
Original Mortgage
$127,500
Outstanding Balance
$124,833
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$43,653

Purchase Details

Listed on
Dec 20, 2021
Closed on
Mar 23, 2022
Sold by
Hogan Jared T
Bought by
King Sarah
Seller's Agent
Andrew White
Capital Property Management, LLC
Buyer's Agent
Jordan Wildman
eXp Realty, LLC
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.72%
Original Mortgage
$97,500
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 11, 2020
Closed on
May 4, 2020
Sold by
Piazza Jeff A
Bought by
Hogan Jared T
Seller's Agent
Andrea Gates
Coldwell Banker Real Estate Group
Buyer's Agent
Kira McKinley
McKinley Realty Partners, LLC.
List Price
$109,900
Sold Price
$105,000
Premium/Discount to List
-$4,900
-4.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.24%
Original Mortgage
$103,098
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 21, 2007
Sold by
Fannie Mae
Bought by
Piazza Jeff A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,490
Interest Rate
6.28%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 6, 2006
Sold by
Stefanek John D
Bought by
Federal National Mortgage Association
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
Mason Lauren $170,000 None Listed On Document
King Sarah $130,000 Liberty Title & Escrow
Hogan Jared T $105,000 Trademark Title Co
Piazza Jeff A -- None Available
Federal National Mortgage Association $72,868 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mason Lauren $127,500
Previous Owner King Sarah $97,500
Previous Owner Hogan Jared T $103,098
Previous Owner Piazza Jeff A $41,490
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $170,000 +6.3% $114 / Sq Ft
07/20/2024 07/20/24 For Sale $159,900 +23.0% $107 / Sq Ft
03/10/2022 03/10/22 Sold $130,000 -3.7% $87 / Sq Ft
02/13/2022 02/13/22 Pending -- -- --
02/08/2022 02/08/22 Price Changed $135,000 -3.5% $90 / Sq Ft
12/20/2021 12/20/21 For Sale $139,900 +33.2% $94 / Sq Ft
05/04/2020 05/04/20 Sold $105,000 -4.5% $70 / Sq Ft
03/23/2020 03/23/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $109,900 -- $74 / 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 $3,292 $160,600 $33,300 $127,300
2023 $3,292 $144,000 $25,000 $119,000
2022 $1,950 $144,100 $18,000 $126,100
2021 $1,503 $107,900 $11,700 $96,200
2020 $1,120 $82,000 $10,400 $71,600
2019 $1,587 $72,900 $9,500 $63,400
2018 $1,578 $72,000 $10,500 $61,500
2017 $1,327 $60,000 $9,800 $50,200
2016 $824 $37,800 $6,800 $31,000
2014 $813 $39,100 $8,500 $30,600
2013 $587 $28,300 $6,700 $21,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202426928

Indiana Regional MLS

APN: 02-07-36-377-008.000-074