$71,000
SOLD FEB 16, 2016
3 Beds
2 Baths
2,320 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$31 Per Sq Ft

5% Below List Price

96 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • 1 Car Detached Garage
  • Backs to Open Ground
  • Covered Patio or Porch
  • Eat-In Kitchen

About This Home

As of July 2022

This Wells Street duplex offers both a 2 bedroom unit that includes an office and an additional 1 bedroom unit. Both units feature original woodwork, wood floors, new bathrooms, new kitchens, large closets, updated plumbing and electrical. They sit over a shared, drylocked basement. Plenty of off street parking is available and the property is conveniently located near downtown Fort Wayne and St Francis University. This dream investment property already has both units under lease!

Last Agent to Sell the Property

Ian Barnhart

Coldwell Banker Real Estate Gr Listed on: 09/29/2015

Coldwell Banker Real Estate Gr

Last Buyer's Agent

Marti McFarren

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 50x150
  • Backs to Open Ground
  • Landscaped
  • Level Lot

Home Design

  • Duplex
  • Bungalow
  • Converted Dwelling
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Built-in Bookshelves
  • Ceiling height of 9 feet or more
  • Entrance Foyer
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Laundry in Basement

Home Security

  • Storm Windows
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, heating
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 02-07-35-331-026.000-074

Community Details

Overview

  • 2 Units
  • North Wayne Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,320
  • Insurance Expense $507
  • Maintenance Expense $250
  • Water Sewer Expense $1,320

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1925
  • Age: 91
  • Style: Two Story
  • Architectural Style: Bungalow, Converted House
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: North Wayne, Lot 9 |
  • Parcel Number ID: 02-07-35-331-026.000-074
  • Platted: Yes
  • Amenities: Basement, Fireplace, Off Street Parking, Storage, Built-In Bookcase, Cable Available, Ceiling-9+, Closet(s) Walk-in, Countertops-Laminate, Detector-Carbon Monoxide, Detector-Smoke, Eat-In Kitchen, Foyer Entry, Landscaped, Open Floor Plan, Porch Covered, Six Panel Doors, Storm Windows, Water Heater Electric
  • Location: City/Town/Suburb, Near College Campus
  • Sp Lp Percent: 94.67
  • Monthly Gross Income: 1200
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 3480
  • Total Finished Sq Ft: 2320
  • Above Grade Finished Sq Ft: 2320
  • Below Grade Sq Ft: 1160
  • Price Per Sq Ft: 30.6
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Wood
  • Total Below Grade Sq Ft: 1160
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Garage, Off Street, Paved, Private

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1320
  • Annual Insurance Expense: 507
  • Annual Maintenance Expense: 250
  • Annual Water Sewer Expense: 1320
  • Number Electric Meters: 3
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Cable TV Antenna, Laundry Facilities

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x150
  • Lot Number: 9

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric, Heating

Multi Family

  • Gross Monthly Rent: 1200
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1804

MLS Schools

  • High School: North Side
  • Middle School: NorthWood
  • School District: Fort Wayne Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2022
Closed on
Jul 26, 2022
Sold by
Wayne Erxleben
Bought by
Ross Adam and Ross Patrick
Seller's Agent
Melissa Maddox
North Eastern Group Realty
Buyer's Agent
Jihan Rachel Brooks
DRH Realty of Indiana, LLC
List Price
$149,900
Sold Price
$125,000
Premium/Discount to List
-$24,900
-16.61%
Current Estimated Value
$175,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,669
Avg. Annual Appreciation
12.95%

Purchase Details

Listed on
Sep 29, 2015
Closed on
Feb 16, 2016
Sold by
Menefee Renovations Llc
Bought by
Erxleben Wayne
Seller's Agent
Ian Barnhart
Coldwell Banker Real Estate Gr
Buyer's Agent
Marti McFarren
RE/MAX Results
List Price
$75,000
Sold Price
$71,000
Premium/Discount to List
-$4,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.17%
Original Mortgage
$53,250
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2015
Sold by
Klejnot Heather M and Menefee Tyler G
Bought by
Menefee Renovation Llc and Klejnot Heather M

Purchase Details

Listed on
Jan 19, 2013
Closed on
Apr 15, 2013
Sold by
Camp Paul G
Bought by
Klejnot Heather M and Menefee Tyler G
Seller's Agent
Patty Tritch
RE/MAX Results
Buyer's Agent
Carley Scheumann
CENTURY 21 Bradley Realty, Inc
List Price
$53,500
Sold Price
$50,000
Premium/Discount to List
-$3,500
-6.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.00%
Original Mortgage
$36,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2010
Sold by
Herring D Patrick
Bought by
Camp Paul G
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 Type Sale Price Title Company
Warranty Deed $125,000 Fidelity National Title
Deed -- Metropolitan Title Of In Llc
Interfamily Deed Transfer -- None Available
Warranty Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $93,750 New Conventional
Previous Owner $53,250 New Conventional
Previous Owner $36,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $125,000 -16.6% $54 / Sq Ft
07/15/2022 07/15/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $149,900 0.0% $64 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $149,900 0.0% $64 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $149,900 +111.1% $64 / Sq Ft
02/16/2016 02/16/16 Sold $71,000 -5.3% $31 / Sq Ft
01/03/2016 01/03/16 Pending -- -- --
09/29/2015 09/29/15 For Sale $75,000 +50.0% $32 / Sq Ft
04/15/2013 04/15/13 Sold $50,000 -6.5% $22 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
01/19/2013 01/19/13 For Sale $53,500 -- $23 / 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 $2,389 $148,900 $19,900 $129,000
2022 $2,119 $94,300 $15,100 $79,200
2021 $1,884 $84,100 $5,300 $78,800
2020 $1,794 $82,000 $6,700 $75,300
2019 $1,335 $61,300 $5,100 $56,200
2018 $1,477 $67,400 $6,300 $61,100
2017 $801 $36,200 $3,400 $32,800
2016 $2,044 $93,800 $9,300 $84,500
2014 $1,804 $86,800 $10,000 $76,800
2013 $816 $39,300 $10,000 $29,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201546441

Indiana Regional MLS

APN: 02-07-35-331-026.000-074