NOT LISTED FOR SALE

1731 W Main St Fort Wayne, IN 46808

Nebraska Neighborhood

Estimated Value: $274,000 - $310,596

6 Beds
6 Baths
2,392 Sq Ft
$120/Sq Ft Est. Value

Last Sold August 04, 2021

Last sale price $225,000 $94 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,058/month

3 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • Carpet
  • Porch
  • Ceiling Fan

About This Home

As of August 2021

Wonderful investment opportunity in downtown Fort Wayne near the Rivergreenway! This Victorian style 6-plex offers an open front porch with 6 units renting from $325 to $470/mo. Garage is a shared with neighbor-each own half of garage. New furnace and gas water heater installed in 2020.

Last Agent to Sell the Property

Jared Kent

Anthony REALTORS Listed on: 07/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,713

Year Built

  • Built in 1900

Lot Details

  • 3,511 Sq Ft Lot
  • Lot Dimensions are 39 x 90
  • Corner Lot
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Carpet
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for building insurance, cooling, electric, fuel, heating, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 02-12-03-377-005.000-074

Community Details

Overview

  • 6 Units

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $441
  • Fuel Expense $976
  • Insurance Expense $1,092
  • Maintenance Expense $634
  • Water Sewer Expense $1,531

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,713

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Sixplex
  • Year Built: 1900
  • Age: 121
  • Style: Three Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: Gesamans addition,lot 4 |
  • Parcel Number ID: 02-12-03-377-005.000-074
  • Platted: Yes
  • Amenities: Ceiling Fan, Near Walking Trail, Porch Open, Water Heater Gas
  • Sp Lp Percent: 100.04
  • Monthly Gross Income: 2480
  • Special Features: None

Interior Features

  • Total Sq Ft: 3498
  • Total Finished Sq Ft: 2392
  • Above Grade Finished Sq Ft: 2392
  • Below Grade Sq Ft: 1106
  • Price Per Sq Ft: 94.06
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Mixed
  • Total Below Grade Sq Ft: 1106
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 3

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 441
  • Annual Fuel Expense: 976
  • Annual Insurance Expense: 1092
  • Annual Maintenance Expense: 634
  • Annual Water Sewer Expense: 1531
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 39 x 90
  • Estimated Lot Sq Ft: 3511
  • Estimated Lot Size Acres: 0.0806

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 2480
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 3
  • Num Of Units Rented: 6

Tax Info

  • Annual Property Tax: 1713

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Aug 4, 2021
Sold by
Home Pride Properties Llc
Bought by
Orange Properties Llc
Seller's Agent
Jared Kent
Anthony REALTORS
List Price
$224,900
Sold Price
$225,000
Premium/Discount to List
$100
0.04%
Current Estimated Value
$286,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,532
Avg. Annual Appreciation
5.26%

Purchase Details

Closed on
Feb 21, 2020
Sold by
White Exner Enterprises Llc
Bought by
Home Pride Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2005
Sold by
Exner David and White Tracy
Bought by
Hartland Real Estate Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
6.25%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 23, 2003
Sold by
Exner David and White Tracy
Bought by
White Exner Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,550
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2002
Sold by
Grabill Bank
Bought by
Fisher Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
6.82%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 10, 2002
Sold by
Melsco Properties Ltd
Bought by
Grabill Bank
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
Orange Properties Llc $225,000 Centurion Land Title Inc
Home Pride Properties Llc $140,000 Centurion Land Title Inc
Hartland Real Estate Inc $100,000 --
White Exner Enterprises Llc -- Three Rivers Title Co Inc
Exner David -- Three Rivers Title Co Inc
Fisher Property Management Llc -- Three Rivers Title Company I
Grabill Bank $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Home Pride Properties Llc $105,000
Previous Owner Hartland Real Estate Inc $99,000
Previous Owner Exner David $89,550
Previous Owner Fisher Property Management Llc $69,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2021 08/04/21 Sold $225,000 0.0% $94 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $224,900 -- $94 / 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 $6,468 $249,300 $13,600 $235,700
2022 $6,304 $280,500 $44,700 $235,800
2021 $2,802 $125,100 $3,200 $121,900
2020 $1,713 $78,300 $3,200 $75,100
2019 $1,705 $78,300 $5,200 $73,100
2018 $1,451 $66,200 $3,000 $63,200
2017 $1,464 $66,200 $3,000 $63,200
2016 $1,251 $57,400 $5,200 $52,200
2014 $1,376 $66,200 $3,000 $63,200
2013 $1,374 $66,200 $3,000 $63,200
Source: Public Records

Agents Affiliated with this Home

  • Jared Kent

    Seller's Agent in 2021

    Jared Kent

    Anthony REALTORS

    (260) 433-1015

    3 in this area

    159 Total Sales

    Jared Kent
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Map

Source: Indiana Regional MLS

MLS Number: 202127158

Indiana Regional MLS

APN: 02-12-03-377-005.000-074

Indiana Allen County Fort Wayne 46808 Nebraska

1731 W Main St, Fort Wayne, IN

This home is located at 1731 W Main St, Fort Wayne, IN 46808 since 09 July 2021 and is currently estimated at $286,532, approximately $119 per square foot. This property was built in 1900. 1731 W Main St is a home located in Allen County with nearby schools including Washington Elementary School, Portage Middle School, and Wayne 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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