NOT LISTED FOR SALE

Estimated Value: $236,000 - $254,000

4 Beds
4 Baths
2,928 Sq Ft
$83/Sq Ft Est. Value

Last Sold March 09, 2015

Last sale price $87,900 $30 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $1,719/month

136 Days on Market

Highlights

  • Georgian Architecture
  • Balcony
  • Ceiling height of 9 feet or more
  • Wood Flooring
  • Storm Windows
  • Baseboard Heating

About This Home

As of March 2015

Stately and well maintained four-plex apartment building close to Lakeside Park, two 1-BR units up and two 1-BR on main level, each unit has a covered porch, appliances included, open floor plan, off-street parking, inside & outside entrances for upstairs units, renters pay own electric, full basement for storage, gas heat in 1st floor units, electric heat in upper units, excellent rental record.

Last Agent to Sell the Property

Timothy Brower

Orizon Real Estate, Inc. Listed on: 06/29/2014

Last Buyer's Agent

Terrie Grabner

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,138

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 44x150
  • Level Lot

Home Design

  • Quadruplex
  • Georgian Architecture
  • Poured Concrete
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Washer Hookup

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

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

Home Security

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

Parking

  • 6 Parking Spaces
  • Private Parking
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Forest Park Elementary School
  • Lakeside Middle School
  • Northrop High School

Utilities

  • Multiple Heating Units
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Balcony
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for lawn maintenance, maintenance, parking, snow removal, sewer, tax, trash collection, water
  • Assessor Parcel Number 02-07-36-402-010.000-074

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $190
  • Fuel Expense $2,190
  • Insurance Expense $2,075
  • Maintenance Expense $650
  • Water Sewer Expense $1,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,138

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1910
  • Age: 104
  • Style: Two Story
  • Architectural Style: Georgian
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Lot 16 Blk 30 Forest Park Add |
  • Parcel Number ID: 02-07-36-402-010.000-074
  • Platted: Yes
  • Amenities: Basement, Balcony, Ceiling-9+, Detector-Carbon Monoxide, Detector-Smoke, Storm Doors, Storm Windows, Water Heater Gas, Washer Hook-Up
  • Cross Street: State Blvd
  • Location: City/Town/Suburb, Near College Campus
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 87.99
  • Annual Miscellaneous: 1000
  • Monthly Gross Income: 1790
  • Year Taxes Payable: 2014
  • Special Features: None

Interior Features

  • Total Sq Ft: 4368
  • Total Finished Sq Ft: 2928
  • Above Grade Finished Sq Ft: 2928
  • Below Grade Sq Ft: 1440
  • Price Per Sq Ft: 30.02
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block, Poured Concrete
  • Flooring: Carpet, Wood
  • Main Level Sq Ft: 1488
  • Total Below Grade Sq Ft: 1440
  • Number Of Ranges Ovens: 4

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Gravel, Off Street, Private

Utilities

  • Heating Fuel: Electricity, Gas, Baseboard, Multiple Heating Systems
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 190
  • Annual Fuel Expense: 2190
  • Annual Insurance Expense: 2075
  • Annual Maintenance Expense: 650
  • Annual Water Sewer Expense: 1080
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Forest Park
  • Middle School: Lakeside
  • High School: Northrop
  • Elementary School: Forest Park

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 44x150
  • Lot Number: 16

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Maintenance, Parking, Snow Removal, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1790
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2138

MLS Schools

  • High School: Northrop
  • Middle School: Lakeside
  • School District: Fort Wayne Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2014
Closed on
Mar 9, 2015
Sold by
Miller Howe Raydeen V and Miller Raydeen V
Bought by
J & N Investments Llc
Seller's Agent
Timothy Brower
Orizon Real Estate, Inc.
Buyer's Agent
Terrie Grabner
Coldwell Banker Real Estate Group
List Price
$99,900
Sold Price
$87,900
Premium/Discount to List
-$12,000
-12.01%
Current Estimated Value
$242,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,099
Avg. Annual Appreciation
9.91%
Original Mortgage
$65,900
Outstanding Balance
$26,754
Interest Rate
3.56%
Mortgage Type
Commercial
Estimated Equity
$209,067
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
J & N Investments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J & N Investments Llc $65,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2015 03/09/15 Sold $87,900 -12.0% $30 / Sq Ft
11/12/2014 11/12/14 Pending -- -- --
06/29/2014 06/29/14 For Sale $99,900 -- $34 / 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 $4,664 $211,700 $30,000 $181,700
2022 $2,946 $131,100 $17,900 $113,200
2021 $2,419 $108,000 $7,000 $101,000
2020 $3,435 $157,000 $12,100 $144,900
2019 $549 $25,200 $12,100 $13,100
2018 $1,973 $90,000 $13,200 $76,800
2017 $1,991 $90,000 $13,200 $76,800
2016 $1,961 $90,000 $13,200 $76,800
2014 $2,141 $103,000 $13,200 $89,800
2013 -- $103,000 $13,200 $89,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201427160

Indiana Regional MLS

APN: 02-07-36-402-010.000-074