$60,000
SOLD JUL 28, 2017

1902 Spring St Fort Wayne, IN 46808

Hamilton Neighborhood
5 Beds
2 Baths
1,920 Sq Ft
5,279 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

14% Below List Price

70 Days on Market

Highlights

  • Corner Lot
  • Shed
  • Ceiling Fan
  • 1 Car Detached Garage
  • Forced Air Heating System
  • Carpet

About This Home

As of July 2017

LIVE FOR FREE . Live in one unit of this duplex and rent the other and your tenant can pay your mortgage , or rent both units for over $1000 a month. Three bedroom one bath lower unit currently empty , could rent this unit easily for $600 a month . Two bedroom one bath upper unit currently rented for $450 a month. Separate gas and electric. Furnace and water heater for lower unit is only one year old. Basement and two car detached garage . Home needs TLC

Last Agent to Sell the Property

Kristine White

Vision Realty Group LLC Listed on: 05/07/2017

Last Buyer's Agent

Mike Archbold

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $845

Year Built

  • Built in 1922

Lot Details

  • 5,279 Sq Ft Lot
  • Lot Dimensions are 40x131
  • Corner Lot
  • Level Lot

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Laundry in Basement
  • Crawl Space

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Additional Features

  • Shed
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable, electric, heating
  • The owner pays for tax, trash collection, water
  • Assessor Parcel Number 02-07-34-361-020.000-074

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Maintenance Expense $430
  • Water Sewer Expense $840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$845

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1922
  • Age: 95
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Eureka Park Lot 15
  • Parcel Number ID: 02-07-34-361-020.000-074
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking
  • Sp Lp Percent: 92.45
  • Monthly Gross Income: 450
  • Special Features: None

Interior Features

  • Total Sq Ft: 2784
  • Total Finished Sq Ft: 1920
  • Above Grade Finished Sq Ft: 1920
  • Below Grade Sq Ft: 864
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 864
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 64

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Annual Insurance Expense: 800
  • Annual Maintenance Expense: 430
  • Annual Water Sewer Expense: 840
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 40x131
  • Estimated Lot Sq Ft: 5279
  • Estimated Lot Size Acres: 0.1212
  • Lot Number: 15

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Tax, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Heating

Multi Family

  • Gross Monthly Rent: 450
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 845

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2021
Sold by
Paud Keith G
Bought by
Summit Property Partnership Llc
Current Estimated Value
$147,987

Purchase Details

Listed on
May 7, 2017
Closed on
Jul 28, 2017
Sold by
Pund Keith G
Bought by
Summit Property Partnership Llc
Seller's Agent
Kristine White
Vision Realty Group LLC
Buyer's Agent
Mike Archbold
RE/MAX Results
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%
Original Mortgage
$12,000
Interest Rate
3.9%
Mortgage Type
Seller Take Back
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Metropolitan Title Of In Llc
Deed $60,000 Metropolitan Title Of Indian
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $12,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2019 05/01/19 Rented $687 -8.4% --
04/02/2019 04/02/19 Under Contract -- -- --
02/18/2019 02/18/19 For Rent $750 +37.6% --
01/09/2018 01/09/18 Rented $545 +10.1% --
01/08/2018 01/08/18 Under Contract -- -- --
11/20/2017 11/20/17 For Rent $495 0.0% --
07/28/2017 07/28/17 Sold $60,000 -14.2% $31 / Sq Ft
07/16/2017 07/16/17 Pending -- -- --
05/07/2017 05/07/17 For Sale $69,900 -- $36 / 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 $2,021 $126,000 $8,600 $117,400
2022 $1,762 $78,400 $7,500 $70,900
2021 $1,608 $71,800 $4,300 $67,500
2020 $2,928 $133,800 $8,000 $125,800
2019 $2,341 $107,500 $8,000 $99,500
2018 $2,203 $100,500 $8,000 $92,500
2017 $1,055 $48,000 $3,900 $44,100
2016 $866 $40,000 $3,400 $36,600
2014 $1,222 $58,900 $8,000 $50,900
2013 $1,220 $58,900 $8,000 $50,900
Source: Public Records

Agents Affiliated with this Home

  • Mike Archbold

    Seller's Agent in 2019

    Mike Archbold

    RE/MAX

    (260) 579-1516

    36 Total Sales

    Mike Archbold
    Section Image

  • K

    Seller's Agent in 2017

    Kristine White

    Vision Realty Group LLC

    (260) 704-7444

    17 Total Sales

    Kristine White
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201719697

Indiana Regional MLS

APN: 02-07-34-361-020.000-074

Indiana Allen County Fort Wayne 46808 Hamilton

1902 Spring St, Fort Wayne, IN

This home is located at 1902 Spring St, Fort Wayne, IN 46808 and is currently priced at $60,000, approximately $31 per square foot. This property was built in 1922. 1902 Spring St is a home located in Allen County with nearby schools including Francis M. Price Elementary School, Northwood 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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