NOT LISTED FOR SALE

2812 Chestnut St Fort Wayne, IN 46803

East Side Community Neighborhood

Estimated Value: $84,000 - $155,000

3 Beds
1 Bath
1,250 Sq Ft
$89/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $79,900 $64 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $606/month

46 Days on Market

Highlights

  • Forced Air Heating System
  • Carpet
  • 2-minute walk to Eastside Park
  • Level Lot

About This Home

As of December 2023

Discover a prime investment opportunity in this charming 3 bedroom, 1 bathroom, 2-story house. It boasts ample living space, with a layout ideal for family living! The large yard with a private driveway is an attractive feature for tenants or homeowners alike who enjoy outdoor living, offering endless possibilities for landscaping, gardening, or outdoor entertainment. One of the most significant advantages of this property is that it already has reliable, rent-paying tenants in place. You can start earning rental income from day one, providing you with a hassle-free, turnkey investment opportunity. The property is located in an investor-friendly neighborhood with growth potential, ensuring long-term returns. Conveniently situated near schools, parks, and amenities, it's an attractive option for renters. Don't miss this chance to bolster your investment portfolio effortlessly.

Last Agent to Sell the Property

Jordan Wildman

eXp Realty, LLC Brokerage Phone: 260-498-0384 Listed on: 11/11/2023

eXp Realty, LLC

Last Buyer's Agent

Merrill Hartman

CENTURY 21 Bradley Realty, Inc

CENTURY 21 Bradley Realty, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $982

Year Built

  • Built in 1950

Lot Details

  • 5,800 Sq Ft Lot
  • Lot Dimensions are 40x145
  • Level Lot

Home Design

  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laminate Countertops
  • Washer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 3 Parking Spaces
  • Driveway
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Adams Elementary School
  • Blackhawk Middle School
  • Snider High School

Utilities

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

Community Details

  • Cooper Subdivision

Listing and Financial Details

  • Tenant pays for electric, fuel, lawn maintenance, snow removal, trash collection, water
  • The owner pays for maintenance
  • Assessor Parcel Number 02-13-07-278-003.000-074

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$982

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1950
  • Style: Two Story
  • Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: LOT 28 COOPERS
  • Parcel Number ID: 02-13-07-278-003.000-074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Countertops-Laminate, Water Heater Gas, Washer Hook-Up
  • Location: City/Town/Suburb
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1875
  • Total Finished Sq Ft: 1250
  • Above Grade Finished Sq Ft: 1250
  • Below Grade Sq Ft: 625
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 625
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 3
  • Parking: Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Number Of W D Hookups: 1

Schools

  • Elementary School: Adams

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40X145
  • Estimated Lot Sq Ft: 5800
  • Estimated Lot Size Acres: 0.13
  • Lot Number: 28

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Maintenance
  • Tenant Pays: Electric, Fuel, Lawn Maintenance, Snow Removal, Trash Collection, Water

Tax Info

  • Annual Property Tax: 982.16

Multi Family

  • Number Of Refrigerators: 1
  • Number Of Units: 1

MLS Schools

  • High School: Snider
  • Middle School: Blackhawk
  • School District: Fort Wayne Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2023
Closed on
Dec 28, 2023
Sold by
Cccbm Llc
Bought by
Gibbs Dorann Grace and Gibbs Daniel Scott
Seller's Agent
Jordan Wildman
eXp Realty, LLC
Buyer's Agent
Merrill Hartman
CENTURY 21 Bradley Realty, Inc
List Price
$79,900
Sold Price
$79,900
Views
125
Current Estimated Value
$111,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,271
Avg. Annual Appreciation
18.15%
Original Mortgage
$76,395
Outstanding Balance
$75,142
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$36,029

Purchase Details

Closed on
Jun 6, 2008
Sold by
Gropengieser Joseph E and Gropengieser Zachary A
Bought by
Personal Homecare Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2005
Sold by
Kroemer Brandon S
Bought by
Gropengieser Joseph E and Gropengieser Zachary A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Gibbs Dorann Grace -- None Listed On Document
Personal Homecare Llc -- None Available
Gropengieser Joseph E -- Commonwealth-Dreibelbiss Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibbs Dorann Grace $76,395
Previous Owner Personal Homecare Llc $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/29/2023 12/29/23 Sold $79,900 0.0% $64 / Sq Ft
12/27/2023 12/27/23 Pending -- -- --
11/11/2023 11/11/23 For Sale $79,900 +59.8% $64 / Sq Ft
06/01/2021 06/01/21 Sold $50,000 0.0% $40 / Sq Ft View Prior Sale
04/12/2021 04/12/21 Price Changed $50,000 +17.6% $40 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
03/20/2021 03/20/21 For Sale $42,500 -- $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 $268 $80,800 $13,900 $66,900
2022 $982 $43,700 $4,300 $39,400
2021 $730 $32,600 $1,000 $31,600
2020 $670 $30,600 $900 $29,700
2019 $797 $36,600 $1,100 $35,500
2018 $517 $23,600 $800 $22,800
2017 $500 $22,600 $800 $21,800
2016 $325 $14,900 $500 $14,400
2014 $372 $17,900 $1,000 $16,900
2013 $303 $14,600 $1,100 $13,500
Source: Public Records

Agents Affiliated with this Home

  • Jordan Wildman

    Seller's Agent in 2023

    Jordan Wildman

    eXp Realty, LLC

    (260) 498-0384

    1 in this area

    263 Total Sales

    Jordan Wildman
    Section Image

  • M

    Buyer's Agent in 2023

    Merrill Hartman

    CENTURY 21 Bradley Realty, Inc

    Section Image
  • Michelle Fraze

    Seller's Agent in 2021

    Michelle Fraze

    CENTURY 21 Bradley Realty, Inc

    (260) 431-4982

    4 in this area

    45 Total Sales

    Michelle Fraze
    Section Image
  • Jay Price

    Buyer's Agent in 2021

    Jay Price

    Mike Thomas Assoc., Inc

    (260) 438-8640

    4 in this area

    152 Total Sales

    Jay Price
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202341912

Indiana Regional MLS

APN: 02-13-07-278-003.000-074

Indiana Allen County Fort Wayne 46803 East Side Community

2812 Chestnut St, Fort Wayne, IN

Not Listed for Sale

MultiFamily

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