NOT LISTED FOR SALE

1731 Sherman Blvd Fort Wayne, IN 46808

Hamilton Neighborhood

Estimated Value: $116,000 - $170,052

6 Beds
2 Baths
2,042 Sq Ft
$67/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $85,000 $42 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $921/month

4 Days on Market

Highlights

  • Level Lot
  • Wood Siding
  • Carpet

About This Home

As of July 2021

Multiple offers: Highest & Best by 4 pm 6/13/2021 expiring @ 10 pm. Two 3 Bedroom Units. Downstairs unit freshly redone with flooring, paint, New Bathroom, it also has a washer & dryer hook up in the unit. Perfect to move in your own tenant or for an Owner Occupied (have the tenants make your payments) Would guess current market rate for this unit to be $675 to $700 a month. Upstairs Tenant on a Month to Month but long term tenant (rent seems to be below current market rate). Some windows have been replaced. This Duplex is also being sold with the Duplex next door at 1735 Sherman Blvd it is a full rented Two 1 bedroom units. Close to Shopping, Parks, Banking, Library, Downtown and Much More! Window AC units are owned by the Tenants and Not the Owner so are not apart of the sale.

Last Agent to Sell the Property

Adam Smith

Upstate Alliance of REALTORS® (UPSTAR) Listed on: 06/09/2021

Last Buyer's Agent

Rumbi Chakabva

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,130

Year Built

  • Built in 1900

Lot Details

  • 3,872 Sq Ft Lot
  • Lot Dimensions are 32 x 120
  • Level Lot

Home Design

  • Duplex
  • Asphalt Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2,042 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction
  • Laundry in Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, fuel, heating, sewer, water
  • The owner pays for building insurance, lawn maintenance, maintenance, tax
  • Assessor Parcel Number 02-07-34-483-011.000-074

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $161
  • Fuel Expense $316
  • Insurance Expense $650
  • Maintenance Expense $500
  • Water Sewer Expense $265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,130

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 121
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: N 32 Ft of S 1/2 Lots 23 & 24 & N 32 Ft S 1/2 Lot 25 EX W 29.5 Ft Archers Add
  • Parcel Number ID: 02-07-34-483-011.000-074
  • Platted: Yes
  • Amenities: Off Street Parking
  • Location: City/Town/Suburb
  • Sp Lp Percent: 113.33
  • Annual Miscellaneous: 1000
  • Monthly Gross Income: 726
  • Special Features: None

Interior Features

  • Total Sq Ft: 2042
  • Total Finished Sq Ft: 2042
  • Above Grade Finished Sq Ft: 2042
  • Price Per Sq Ft: 41.63
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 2

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling: Window
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 161
  • Annual Fuel Expense: 316
  • Annual Insurance Expense: 650
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 265
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 32 x 120
  • Estimated Lot Sq Ft: 3872
  • Estimated Lot Size Acres: 0.0889

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Tax
  • Tenant Pays: Electric, Fuel, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 495
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Jul 14, 2021
Sold by
N L I Inc
Bought by
Lubia Yvonne C and Lubia John T
Seller's Agent
Adam Smith
Upstate Alliance of REALTORS® (UPSTAR)
Buyer's Agent
Rumbi Chakabva
Coldwell Banker Real Estate Group
List Price
$75,000
Sold Price
$85,000
Premium/Discount to List
$10,000
13.33%
Current Estimated Value
$136,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,684
Avg. Annual Appreciation
14.57%
Original Mortgage
$168,000
Outstanding Balance
$110,625
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$39,870

Purchase Details

Closed on
Dec 18, 2003
Sold by
Eilatan Financial Inc
Bought by
N L I Inc
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
Lubia Yvonne C $85,000 Metropolitan Title Of In Llc
N L I Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lubia Yvonne C $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2021 07/14/21 Sold $85,000 +13.3% $42 / Sq Ft
06/13/2021 06/13/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $75,000 -- $37 / 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 $2,387 $148,900 $10,600 $138,300
2022 $2,119 $94,300 $7,400 $86,900
2021 $1,608 $71,800 $3,900 $67,900
2020 $1,129 $51,600 $5,800 $45,800
2019 $1,093 $50,200 $3,400 $46,800
2018 $1,043 $47,600 $3,600 $44,000
2017 $849 $38,400 $2,900 $35,500
2016 $970 $44,500 $3,300 $41,200
2014 $671 $32,300 $2,600 $29,700
2013 $554 $26,700 $2,100 $24,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Adam Smith

    Upstate Alliance of REALTORS® (UPSTAR)

    Adam Smith
    Section Image

  • R

    Buyer's Agent in 2021

    Rumbi Chakabva

    Coldwell Banker Real Estate Group

    (260) 450-5796

    8 in this area

    138 Total Sales

    Rumbi Chakabva
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202121766

Indiana Regional MLS

APN: 02-07-34-483-011.000-074

Indiana Allen County Fort Wayne 46808 Hamilton

1731 Sherman Blvd, Fort Wayne, IN

This home is located at 1731 Sherman Blvd, Fort Wayne, IN 46808 since 09 June 2021 and is currently estimated at $136,684, approximately $66 per square foot. This property was built in 1900. 1731 Sherman Blvd 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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