NOT LISTED FOR SALE

Estimated Value: $175,000 - $182,000

4 Beds
4 Baths
1,520 Sq Ft
$117/Sq Ft Est. Value

Last Sold November 01, 2016

Last sale price $65,500 $43 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $1,290/month

22 Days on Market

About This Home

As of November 2016

INVESTOR SPECIAL!! Cash flowing fourplex 100% occupied. All tenants are current on rent. Will not last long at $19,750 a unit!

Last Agent to Sell the Property

Michelle Bright

Eisaman Real Estate Inc Listed on: 08/31/2016

Last Buyer's Agent

Adam Atherton

Uptown Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $831

Year Built

  • Built in 1920

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 41x100
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

  • Fairfield Elementary School
  • Shawnee Middle School
  • South Side High School

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for electric, heating, lawn maintenance, snow removal, trash collection, water
  • Assessor Parcel Number 02-12-11-380-044.000-074

Community Details

Overview

  • 4 Units
  • Williams Woodland Park Subdivision

Building Details

  • Electric Expense $2,300
  • Fuel Expense $2,700
  • Water Sewer Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$831

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1920
  • Age: 96
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: BONS SUB N 41 FT FOL 3 & 4 LOT 9 |
  • Parcel Number ID: 02-12-11-380-044.000-074
  • Platted: Yes
  • Amenities: Off Street Parking, Water Heater Gas
  • Location: Near Walking Trail
  • Sp Lp Percent: 94.93
  • Monthly Gross Income: 1695
  • Year Taxes Payable: 2015
  • Special Features: None

Interior Features

  • Total Sq Ft: 2160
  • Total Finished Sq Ft: 1520
  • Above Grade Finished Sq Ft: 1520
  • Below Grade Sq Ft: 640
  • Price Per Sq Ft: 43.09
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 640
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Shingle, Wood
  • Stories: 2

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2300
  • Annual Fuel Expense: 2700
  • Annual Water Sewer Expense: 2000

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 41X100
  • Estimated Lot Sq Ft: 11151
  • Estimated Lot Size Acres: 0.256

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Electric, Heating, Lawn Maintenance, Snow Removal, Trash Collection, Water

Tax Info

  • Total Assessed Value: 42100
  • Annual Property Tax: 831

Multi Family

  • Gross Monthly Rent: 1695
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4
  • Num Of Units Rented: 4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2016
Closed on
Nov 1, 2016
Sold by
Eisamman Real Estate Inc
Bought by
Morris Kyle and Morris Kendra
Seller's Agent
Michelle Bright
Eisaman Real Estate Inc
Buyer's Agent
Adam Atherton
Uptown Realty Group
List Price
$79,000
Sold Price
$65,500
Premium/Discount to List
-$13,500
-17.09%
Current Estimated Value
$178,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,000
Avg. Annual Appreciation
11.96%
Original Mortgage
$49,125
Outstanding Balance
$39,755
Interest Rate
3.42%
Mortgage Type
Commercial
Estimated Equity
$138,245

Purchase Details

Closed on
Nov 13, 2003
Sold by
Gerbers Kevin M
Bought by
Eisaman Real Estate Inc

Purchase Details

Closed on
Oct 22, 2003
Sold by
Us Bank Na
Bought by
Gerbers Kevin M

Purchase Details

Closed on
Jun 11, 2003
Sold by
Nidlinger Dennis W
Bought by
Us Bank Na and Eqcc Home Equity Loan Trust 1998-2
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
Morris Kyle -- Fidelity National Title
Eisaman Real Estate Inc -- Meridian Title Corporation
Gerbers Kevin M -- Security Title Services Inc
Us Bank Na $40,031 E Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Kyle $49,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2016 11/01/16 Sold $65,500 -17.1% $43 / Sq Ft
09/22/2016 09/22/16 Pending -- -- --
08/31/2016 08/31/16 For Sale $79,000 -- $52 / 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 $3,896 $201,500 $39,000 $162,500
2022 $3,756 $167,100 $39,000 $128,100
2021 $1,747 $78,000 $5,200 $72,800
2020 $1,530 $69,900 $4,600 $65,300
2019 $865 $39,700 $6,100 $33,600
2018 $870 $39,700 $6,100 $33,600
2017 $878 $39,700 $6,100 $33,600
2016 $865 $39,700 $6,100 $33,600
2014 $875 $42,100 $8,800 $33,300
2013 $808 $38,900 $6,100 $32,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201640797

Indiana Regional MLS

APN: 02-12-11-380-044.000-074