$140,000
SOLD APR 4, 2024
3 Beds
4 Baths
2,220 Sq Ft
4,400 Sq Ft Lot

Recently Sold

$63 Per Sq Ft

12% Below List Price

144 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • 3-minute walk to Weisser Park
  • Luxury Vinyl Tile Flooring

About This Home

As of April 2024

Investment Opportunity for the handyman! This 4 unit building includes 3 one bed/one baths and 1 efficiency. Each unit has it's own entrance. Up and coming area provides lots of potential. Close to downtown and shopping. Apt. #1 Rented on Month to Month Lease of $700.00 Apt. #2 Rented on Month to Month Lease of $650.00 Apt. #3 Rented on Month to Month Lease of $650.00 Apt. #4 Vacant Owner is actively seeking potential Tenets

Last Agent to Sell the Property

Tim Chaney

Coldwell Banker Real Estate Gr Brokerage Phone: 260-498-9997 Listed on: 09/16/2023

Coldwell Banker Real Estate Gr

Last Buyer's Agent

Tim Chaney

Coldwell Banker Real Estate Gr Brokerage Phone: 260-498-9997 Listed on: 09/16/2023

Coldwell Banker Real Estate Gr

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,063

Year Built

  • Built in 1920

Lot Details

  • 4,400 Sq Ft Lot
  • Lot Dimensions are 40 x 110
  • Corner Lot

Interior Spaces

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

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Schools

  • Abbett Elementary School
  • Miami Middle School
  • Wayne High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for heating, lawn maintenance, maintenance
  • Assessor Parcel Number 02-12-13-134-001.000-074

Community Details

Overview

  • 4 Units
  • Industrial Park Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Fuel Expense $2,004
  • Insurance Expense $1,017
  • Maintenance Expense $500
  • Water Sewer Expense $1,020

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,063

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1920
  • Age: 104
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LOT 176 INDUSTRIAL PARK ADD Ex 40'
  • Parcel Number ID: 02-12-13-134-001.000-074
  • Platted: Yes
  • Amenities: Off Street Parking
  • Cross Street: Colerick Street
  • Sp Lp Percent: 93.4
  • Year Taxes Payable: 2063.00
  • Special Features: None

Interior Features

  • Total Sq Ft: 3288
  • Total Finished Sq Ft: 2220
  • Above Grade Finished Sq Ft: 2220
  • Below Grade Sq Ft: 1068
  • Price Per Sq Ft: 63.06
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Vinyl Tile
  • Total Below Grade Sq Ft: 1068
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Fuel Expense: 2004
  • Annual Insurance Expense: 1017
  • Annual Maintenance Expense: 500
  • Annual Water Sewer Expense: 1020

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Abbett
  • Middle School: Miami
  • High School: Wayne
  • Elementary School: Abbett

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 40 x 110
  • Estimated Lot Sq Ft: 4400
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Owner Pays: Heating, Lawn Maintenance, Maintenance
  • Tenant Pays: Cable

Tax Info

  • Annual Property Tax: 2063

Multi Family

  • Number Of Refrigerators: 3
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of Efficiencies: 1

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2023
Closed on
Apr 4, 2024
Sold by
Cantrell Lillie M
Bought by
Bradford Wardell and Thomas Jonathon
Seller's Agent
Tim Chaney
Coldwell Banker Real Estate Gr
Buyer's Agent
Tim Chaney
Coldwell Banker Real Estate Gr
List Price
$159,900
Sold Price
$140,000
Premium/Discount to List
-$19,900
-12.45%
Views
149
Current Estimated Value
$157,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,312
Avg. Annual Appreciation
8.37%
Original Mortgage
$105,000
Outstanding Balance
$101,367
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$55,945

Purchase Details

Listed on
Sep 16, 2023
Closed on
Mar 29, 2024
Sold by
Cantrell Lillie M
Bought by
Wardell Bradford and Wardell Jonathon Thomas
Seller's Agent
Tim Chaney
Coldwell Banker Real Estate Gr
Buyer's Agent
Tim Chaney
Coldwell Banker Real Estate Gr
List Price
$159,900
Sold Price
$140,000
Premium/Discount to List
-$19,900
-12.45%
Views
149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Outstanding Balance
$101,367
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$55,945

Purchase Details

Closed on
Feb 12, 2018
Sold by
Tabernacle Faith
Bought by
Contrell Lillie M

Purchase Details

Closed on
Oct 3, 2011
Sold by
Allen County Community Development Corp and Peters F Nelson
Bought by
Faith Tabernacle Of Ft Wayne

Purchase Details

Closed on
May 28, 2009
Sold by
Brown Tirrell T
Bought by
Allen County Community Development Corpo

Purchase Details

Closed on
Oct 3, 2006
Sold by
Dube Jocelyn and Dube Janet
Bought by
Brown Tirrell T

Purchase Details

Closed on
Oct 21, 2005
Sold by
Wells Albert W and Wells Connie L
Bought by
Dube Jocelyn and Dube Janet
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 Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes -- None Available
Warranty Deed -- Lincoln Title
Warranty Deed -- Ace Title Box
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $105,000 New Conventional
Closed $105,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2024 04/04/24 Sold $140,000 -6.6% $63 / Sq Ft
02/07/2024 02/07/24 Pending -- -- --
01/01/2024 01/01/24 Price Changed $149,900 -3.2% $68 / Sq Ft
10/05/2023 10/05/23 Price Changed $154,900 -3.1% $70 / Sq Ft
09/16/2023 09/16/23 For Sale $159,900 -- $72 / 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 $3,510 $131,300 $15,800 $115,500
2022 $2,063 $91,800 $7,100 $84,700
2021 $1,241 $55,400 $7,100 $48,300
2020 $1,468 $67,100 $1,200 $65,900
2019 $1,126 $51,700 $1,200 $50,500
2018 $0 $54,900 $1,200 $53,700
2017 -- $50,700 $1,200 $49,500
2016 -- $47,900 $1,200 $46,700
2014 $442 $31,600 $1,200 $30,400
2013 $442 $19,700 $1,200 $18,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202333938

Indiana Regional MLS

APN: 02-12-13-134-001.000-074