NOT LISTED FOR SALE

2502 N Wells St Fort Wayne, IN 46808

Five Points Neighborhood

Estimated Value: $121,661

3 Beds
2 Baths
1,000 Sq Ft
$122/Sq Ft Est. Value

Last Sold March 06, 2024

Last sale price $110,000 $110 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $883/month

28 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • Carpet

About This Home

As of March 2024

Tenant occupied duplex. First floor unit leased until April 2028 at $500/mo. With 2nd floor unit leased at $650/mo. Solid cash-flow on this property.

Last Agent to Sell the Property

David Stemen

Cornerstone Realty Group Listed on: 12/11/2023

Last Buyer's Agent

Helen Hunt

North Eastern Group Realty

North Eastern Group Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,672

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 43x146
  • Corner Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Block Basement Construction

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Franke Park Elementary School
  • Northwood Middle School
  • Northrop High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for maintenance, tax
  • Assessor Parcel Number 02-07-35-184-007.000-074

Community Details

Overview

  • 2 Units
  • Pfeiffer Place Subdivision

Building Details

  • Insurance Expense $850
  • Maintenance Expense $450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,672

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 124
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Lot 334 Pfeiffer Place 2nd Addition
  • Parcel Number ID: 02-07-35-184-007.000-074
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 92.44
  • Monthly Gross Income: 1165
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2000
  • Total Finished Sq Ft: 1000
  • Above Grade Finished Sq Ft: 1000
  • Below Grade Sq Ft: 1000
  • Price Per Sq Ft: 110
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 1000
  • Number Of Ranges Ovens: 2
  • Number Ttl Rooms Below Grade: 3

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Window
  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 850
  • Annual Maintenance Expense: 450
  • Number Of W D Hookups: 1

Schools

  • School District: Fort Wayne Community
  • Elementary School: Franke Park
  • Middle School: Northwood
  • High School: Northrop
  • Elementary School: Franke Park

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 43x146
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Maintenance, Tax
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 1165
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1672

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2023
Closed on
Feb 20, 2024
Sold by
Baxter Joshua
Bought by
Arthur Patrick
Seller's Agent
David Stemen
Cornerstone Realty Group
Buyer's Agent
Helen Hunt
North Eastern Group Realty
List Price
$129,000
Sold Price
$110,000
Premium/Discount to List
-$19,000
-14.73%
Views
100
Current Estimated Value
$121,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,661
Avg. Annual Appreciation
4.08%
Original Mortgage
$82,500
Outstanding Balance
$81,674
Interest Rate
7.5%
Mortgage Type
Seller Take Back
Estimated Equity
$35,086

Purchase Details

Closed on
Mar 2, 2016
Sold by
Schmucker John H
Bought by
Baxter Joshua
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Arthur Patrick $110,000 Centurion Land Title
Baxter Joshua -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arthur Patrick $82,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 Sold $110,000 -14.7% $110 / Sq Ft
01/08/2024 01/08/24 Pending -- -- --
12/11/2023 12/11/23 For Sale $129,000 -- $129 / 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 $2,651 $92,700 $6,700 $86,000
2022 $1,657 $65,600 $5,000 $60,600
2021 $1,657 $62,500 $5,000 $57,500
2020 $1,675 $62,500 $5,000 $57,500
2019 $1,763 $62,500 $5,000 $57,500
2018 $1,720 $62,500 $5,000 $57,500
2017 $1,694 $61,100 $5,000 $56,100
2016 $1,539 $59,700 $5,000 $54,700
2014 $1,525 $57,800 $5,000 $52,800
2013 $1,539 $58,400 $5,000 $53,400
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    David Stemen

    Cornerstone Realty Group

    (260) 403-0185

    1 in this area

    42 Total Sales

    David Stemen
    Section Image
  • Helen Hunt

    Buyer's Agent in 2024

    Helen Hunt

    North Eastern Group Realty

    (260) 444-8331

    1 in this area

    77 Total Sales

    Helen Hunt
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202344434

Indiana Regional MLS

APN: 02-07-35-184-007.000-074

Indiana Allen County Fort Wayne 46808 Five Points

2502 N Wells St, Fort Wayne, IN

This home is located at 2502 N Wells St, Fort Wayne, IN 46808 since 11 December 2023 and is currently estimated at $121,661, approximately $121 per square foot. This property was built in 1900. 2502 N Wells St is a home located in Allen County with nearby schools including Franke Park Elementary School, Northwood Middle School, and North Side High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes