NOT LISTED FOR SALE

Estimated Value: $141,000 - $154,817

5 Beds
4 Baths
2,418 Sq Ft
$61/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $95,000 $39 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,052/month

165 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Historic Home
  • Forced Air Heating System
  • Level Lot

About This Home

As of December 2020

Great investment property with 3 fully rented units! Don't miss out on this fully rented Downtown investment opportunity that offers $19,380 in annual gross rent. Features include replacement vinyl windows, wood floors plus all utilities are separated. This easy to rent property is located just south of downtown Fort Wayne.

Last Agent to Sell the Property

Adam Ertel

Coldwell Banker Real Estate Gr Listed on: 05/20/2020

Coldwell Banker Real Estate Gr

Last Buyer's Agent

Joe Leksich

eXp Realty, LLC

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,202

Year Built

  • Built in 1900

Lot Details

  • 6,795 Sq Ft Lot
  • Lot Dimensions are 45 x 151
  • Level Lot
  • Historic Home

Home Design

  • Quadruplex
  • Shingle Roof
  • Asphalt

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Crawl Space
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Parking

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

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable, electric, fuel, heating
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, trash collection, water
  • Assessor Parcel Number 02-12-11-456-003.000-074

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $335
  • Fuel Expense $279
  • Insurance Expense $1,500
  • Maintenance Expense $3,442

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,202

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1900
  • Age: 120
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 199 WILLIAMS ADD
  • Parcel Number ID: 02-12-11-456-003.000-074
  • Platted: Yes
  • Amenities: Basement, Fireplace, Off Street Parking, Detector-Smoke, Water Heater Electric, Washer Hook-Up
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Concrete
  • Sp Lp Percent: 86.44
  • Monthly Gross Income: 1487
  • Special Features: None

Interior Features

  • Total Sq Ft: 3490
  • Total Finished Sq Ft: 2418
  • Above Grade Finished Sq Ft: 2418
  • Below Grade Sq Ft: 1072
  • Price Per Sq Ft: 39.29
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement, Unfinished
  • Flooring: Carpet, Ceramic Tile, Vinyl, Wood
  • Main Level Sq Ft: 1400
  • Total Below Grade Sq Ft: 1072
  • Number Of Ranges Ovens: 4

Exterior Features

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

Garage/Parking

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

Utilities

  • Heating Fuel: Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Cable Company: Comcast
  • Annual Electric: 335
  • Annual Fuel Expense: 279
  • Annual Insurance Expense: 1500
  • Annual Maintenance Expense: 3442
  • Number Electric Meters: 5
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Fairfield
  • Middle School: Shawnee
  • High School: South Side

Lot Info

  • Lot Description: Level, Historic Designation
  • Lot Dimensions: 45 X 151
  • Estimated Lot Sq Ft: 6795
  • Estimated Lot Size Acres: 0.156

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1487
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1202

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2020
Closed on
Dec 18, 2020
Sold by
Chamberlain Timothy R
Bought by
The Bee S Knees Properties Llc
Seller's Agent
Adam Ertel
Coldwell Banker Real Estate Gr
Buyer's Agent
Joe Leksich
eXp Realty, LLC
List Price
$114,900
Sold Price
$95,000
Premium/Discount to List
-$19,900
-17.32%
Current Estimated Value
$146,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,742
Avg. Annual Appreciation
10.50%
Original Mortgage
$71,250
Outstanding Balance
$64,407
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$86,746

Purchase Details

Closed on
Sep 5, 2017
Sold by
Sb Real Estate Enterprises Llc
Bought by
Chamberlain Timothy R

Purchase Details

Closed on
Mar 4, 2005
Sold by
Jh Real Estate Investments Llc
Bought by
Sb Real Estate Enterprises Llc

Purchase Details

Closed on
Aug 2, 2004
Sold by
Chamberlain Timothy R and Garcia Gerald F
Bought by
Jh Real Estate Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 23, 2004
Sold by
Green Tree Servicing Llc
Bought by
Chamberlain Timothy R and Garcia Gerald F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 6, 2004
Sold by
Morimanno David A and Morimanno Kimberly J
Bought by
Conseco Finance Servicing Corp

Purchase Details

Closed on
Apr 25, 2002
Sold by
Morimanno David A
Bought by
Morimanno David A and Morimanno Kimberly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.95%
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
The Bee S Knees Properties Llc -- Fidelity National Ttl Co Llc
Chamberlain Timothy R -- None Available
Sb Real Estate Enterprises Llc -- None Available
Jh Real Estate Investment Llc -- Royal Title
Chamberlain Timothy R -- Royal Title
Conseco Finance Servicing Corp $81,792 --
Morimanno David A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Bee S Knees Properties Llc $71,250
Previous Owner Chamberlain Timothy R $30,000
Previous Owner Morimanno David A $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $95,000 -13.6% $39 / Sq Ft
11/01/2020 11/01/20 Pending -- -- --
10/19/2020 10/19/20 Price Changed $109,900 -4.4% $45 / Sq Ft
09/05/2020 09/05/20 For Sale $114,900 0.0% $48 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $114,900 0.0% $48 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $114,900 -- $48 / 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 $2,986 $134,100 $12,800 $121,300
2022 $2,946 $131,100 $12,100 $119,000
2021 $2,883 $128,700 $5,500 $123,200
2020 $1,208 $55,200 $5,500 $49,700
2019 $1,202 $55,200 $5,500 $49,700
2018 $1,622 $74,000 $5,500 $68,500
2017 $1,491 $67,400 $5,500 $61,900
2016 $1,124 $55,300 $5,500 $49,800
2014 $846 $40,700 $6,000 $34,700
2013 $851 $41,000 $6,000 $35,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202018259

Indiana Regional MLS

APN: 02-12-11-456-003.000-074