$225,000
SOLD JAN 15, 2025
5 Beds
5 Baths
3,188 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$71 Per Sq Ft

10% Below List Price

35 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 1-minute walk to Miner Park Playground
  • Ceiling Fan
  • Vinyl Flooring

About This Home

As of January 2025

Investor special Five-plex within walking distance to Electric Works and downtown Fort Wayne. The rental units are now vacant, one unit was previously used as an office space.. Owner pays utilities and lawn care. Zoned C2.. Schedule your showing today!

Last Agent to Sell the Property

Brandon Stone

CENTURY 21 Bradley Realty, Inc Brokerage Phone: 260-446-5159 Listed on: 10/27/2024

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

Kenson Dhanie

Mike Thomas Assoc., Inc

Mike Thomas Assoc., Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,500

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50x117

Parking

  • 5 Parking Spaces

Home Design

  • Planned Development
  • Asphalt Roof
  • Wood Siding
  • Concrete Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Storage In Attic
  • Unfinished Basement

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Location

  • Suburban Location

Schools

  • Fairfield Elementary School
  • Kekionga Middle School
  • Wayne High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for electric, fuel, lawn maintenance, water
  • Assessor Parcel Number 02-12-11-309-001.000-074

Community Details

Overview

  • 5 Units
  • Fox Subdivision

Building Details

  • Electric Expense $600
  • Fuel Expense $600
  • Insurance Expense $600
  • Maintenance Expense $500
  • Trash Expense $200
  • Water Sewer Expense $600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,500

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1920
  • Age: 104
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: Lot 1 Nestles Addition
  • Parcel Number ID: 02-12-11-309-001.000-074
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Attic Storage
  • Location: City/Town/Suburb
  • Sp Lp Percent: 90.04
  • Annual Miscellaneous: 500
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 6150
  • Total Finished Sq Ft: 3188
  • Above Grade Finished Sq Ft: 3188
  • Above Grade Unfinished Sq Ft: 1467
  • Below Grade Sq Ft: 1495
  • Price Per Sq Ft: 70.58
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Laminate, Mixed, Vinyl
  • Total Below Grade Sq Ft: 1495
  • Number Of Ranges Ovens: 5

Exterior Features

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

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Annual Electric: 600
  • Annual Fuel Expense: 600
  • Annual Insurance Expense: 600
  • Annual Maintenance Expense: 500
  • Annual Trash Expense: 200
  • Annual Water Sewer Expense: 600
  • Number Of W D Hookups: 5

Schools

  • School District: Fort Wayne Community
  • Elementary School: Fairfield
  • Middle School: Kekionga
  • High School: Wayne
  • Elementary School: Fairfield

Lot Info

  • Lot Description: Planned Unit Development
  • Lot Dimensions: 50x117
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Rental Info

  • Owner Pays: Electric, Fuel, Lawn Maintenance, Water

Tax Info

  • Annual Property Tax: 3500

Multi Family

  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 4

MLS Schools

  • High School: Wayne
  • Middle School: Kekionga
  • School District: Fort Wayne Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2024
Closed on
Jan 14, 2025
Sold by
Neutra Properties Llc
Bought by
Bochard Matthew
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Kenson Dhanie
Mike Thomas Assoc., Inc
List Price
$249,900
Sold Price
$225,000
Premium/Discount to List
-$24,900
-9.96%
Views
80
Current Estimated Value
$238,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,171
Avg. Annual Appreciation
12.87%
Original Mortgage
$202,000
Outstanding Balance
$201,469
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$36,702

Purchase Details

Listed on
Dec 8, 2018
Closed on
Feb 8, 2019
Sold by
Rusty Studs Llc
Bought by
Fgi Homes Llc
Seller's Agent
David Budd
Tree City Realty
Buyer's Agent
Adam Gerig
CENTURY 21 Bradley Realty, Inc
List Price
$99,000
Sold Price
$69,220
Premium/Discount to List
-$29,780
-30.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.63%

Purchase Details

Closed on
Mar 31, 2017
Sold by
Reiken Richard E and Reiken David L
Bought by
Rusty Studs Llc

Purchase Details

Closed on
Sep 27, 2004
Sold by
Beacon Cu
Bought by
Reiken Richard E and Reiken David L

Purchase Details

Closed on
Dec 1, 2003
Sold by
Johnson Marilyn P
Bought by
Beacon Cu
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 -- Centurion Land Title
Warranty Deed $99,000 Centurion Land Title Inc
Warranty Deed $30,000 Titan Title Services Llc
Corporate Deed -- --
Sheriffs Deed $40,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $202,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2025 01/15/25 Sold $225,000 -10.0% $71 / Sq Ft
12/01/2024 12/01/24 Pending -- -- --
10/27/2024 10/27/24 For Sale $249,900 +261.0% $78 / Sq Ft
01/08/2019 01/08/19 Sold $69,220 -30.1% $22 / Sq Ft
01/08/2019 01/08/19 Pending -- -- --
12/08/2018 12/08/18 For Sale $99,000 -- $31 / 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 $3,507 $163,200 $14,100 $149,100
2023 $3,507 $153,400 $20,900 $132,500
2022 $3,439 $153,000 $11,300 $141,700
2021 $2,293 $102,400 $4,000 $98,400
2020 $4,013 $183,400 $5,200 $178,200
2019 $2,774 $127,400 $5,200 $122,200
2018 $272 $12,400 $5,200 $7,200
2017 $248 $11,200 $5,200 $6,000
2016 $835 $38,300 $6,000 $32,300
2014 $796 $38,300 $6,000 $32,300
2013 $411 $19,800 $6,000 $13,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202441655

Indiana Regional MLS

APN: 02-12-11-309-001.000-074