NOT LISTED FOR SALE

Estimated Value: $202,000 - $225,000

4 Beds
2 Baths
2,140 Sq Ft
$100/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $151,500 $71 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,411/month

38 Days on Market

Highlights

  • Detached Second Garage
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Patio
  • Ceiling Fan

About This Home

As of April 2021

THIS PROPERTY WILL SELL AT PUBLIC AUCTION - SATURDAY, MARCH 13TH AT 10:00 AM. The auction will be held at the Courtyard by Marriott located at 1150 S. Harrison St., downtown Fort Wayne. OPEN HOUSES: Thursday, February 25th from 5:00 pm to 6:00 pm & Sunday, February 28th from 3:00 to 4:00 pm. This property will be sold in conjunction with 7 other investment properties owned by the Estate of John Silverman. Each property will be offered individually, in combination and as an entire package. This duplex features two nice two bedroom units with one unit on the first floor and one unit on the second floor. Additionally, each unit has a tremendous amount of charm and character with original hardwood floors, fireplaces and much more. The utilities are separated - Tenants pay heat and electric and landlord pay for water and trash removal. The first floor unit is vacant - The Estate is leaving this unit vacant so that the new owner can select the tenant. The property has a strong rental history and has been easy to rent. TERMS: This property is being sold "As-Is" and "Where-Is" - The property is being sold for cash, in the event that a Buyer is obtaining financing, financing must be arranged prior to auction. An non-refundable earnest money deposit in the amount of 10% will be required day of the auction. Real Estate taxes shall be prorated. The Seller will provide the Buyer with an Owners Policy of Title Insurance in the amount of the purchase price. This property will fall in a price range affordable to many - Inspect, Arrange Financing and Come Prepared to Bid your Price on Auction Day.

Last Agent to Sell the Property

Brandon Steffen

Steffen Group Listed on: 02/03/2021

Last Buyer's Agent

Brandon Steffen

Steffen Group Listed on: 02/03/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,239

Year Built

  • Built in 1925

Lot Details

  • 5,428 Sq Ft Lot
  • Lot Dimensions are 59x92
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Flooring

  • Wood
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

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

Parking

  • 2 Car Detached Garage
  • Detached Second Garage
  • Off-Street Parking

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater

Community Details

  • 2 Units
  • Community Storage Space

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating, sewer
  • The owner pays for building insurance, lawn maintenance, maintenance, tax, trash collection, water
  • Assessor Parcel Number 02-07-36-230-020.000-074

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,239

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1925
  • Age: 96
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: S 14 FT Lot 52 & ALL LOT 53 Paramount Lace EXT ADD
  • Parcel Number ID: 02-07-36-230-020.000-074
  • Platted: Yes
  • Amenities: Fireplace, Off Street Parking, Storage, Patio Open, Water Heater Electric
  • Location: Near Walking Trail
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1300
  • Special Features: None

Interior Features

  • Total Sq Ft: 3190
  • Total Finished Sq Ft: 2140
  • Above Grade Finished Sq Ft: 2140
  • Below Grade Sq Ft: 1050
  • Price Per Sq Ft: 70.79
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Vinyl Tile, Wood
  • Total Below Grade Sq Ft: 1050
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 400

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Hvac: Ceiling Fan
  • Number Of W D Hookups: 1

Schools

  • School District: Fort Wayne Community
  • Elementary School: Forest Park
  • Middle School: Lakeside
  • High School: North Side

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 59x92
  • Estimated Lot Sq Ft: 5428
  • Estimated Lot Size Acres: 0.1246
  • Lot Number: 52

Rental Info

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

Tax Info

  • Total Assessed Value: 102800
  • Annual Property Tax: 2239

Multi Family

  • Gross Monthly Rent: 1300
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2021
Closed on
Apr 15, 2021
Sold by
Fair Bennie and Fair Michelle Chambers
Bought by
Open Door Management Group Llc
Seller's Agent
Brandon Steffen
Steffen Group
Buyer's Agent
Brandon Steffen
Steffen Group
List Price
$151,500
Sold Price
$151,500
Current Estimated Value
$214,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,852
Avg. Annual Appreciation
8.07%
Original Mortgage
$121,200
Outstanding Balance
$109,429
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$104,923

Purchase Details

Listed on
Feb 3, 2021
Closed on
Apr 14, 2021
Sold by
Wetzel Rachel and Silverman Geoffrey
Bought by
Fair Bennie and Fair Michelle Chambers
Seller's Agent
Brandon Steffen
Steffen Group
Buyer's Agent
Brandon Steffen
Steffen Group
List Price
$151,500
Sold Price
$151,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,200
Outstanding Balance
$109,429
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$104,923

Purchase Details

Closed on
Dec 30, 2013
Sold by
Silverman John C
Bought by
Jc Silverman Properties Llc

Purchase Details

Closed on
Jan 7, 2011
Sold by
Silverman Geoffrey L
Bought by
Silverman John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
4.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2010
Sold by
Zahm Rick and Zahm Laura
Bought by
Silverman John C and Silverman Geoffrey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,922
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2006
Sold by
Stout Michael E and Stout Lori A
Bought by
Zahm Rick and Zahm Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,050
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac
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
Open Door Management Group Llc -- Metropolitan Title
Fair Bennie -- Metropolitan Title Of Indian
Jc Silverman Properties Llc -- None Available
Silverman John C -- Metropolitan Title Company
Silverman John C -- Commonwealth-Dreibelbiss Tit
Zahm Rick -- Metropolitan Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fair Bennie $121,200
Previous Owner Silverman John C $78,750
Previous Owner Silverman John C $78,922
Previous Owner Zahm Rick $102,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $151,500 0.0% $71 / Sq Ft
03/13/2021 03/13/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $151,500 -- $71 / 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 $3,301 $148,600 $22,500 $126,100
2022 $2,955 $131,500 $16,300 $115,200
2021 $2,609 $116,500 $10,100 $106,400
2020 $1,974 $90,200 $8,500 $81,700
2019 $2,239 $102,800 $17,500 $85,300
2018 $2,253 $102,800 $17,500 $85,300
2017 $1,666 $75,300 $7,700 $67,600
2016 $1,613 $74,000 $8,600 $65,400
2014 $1,241 $59,700 $7,200 $52,500
2013 $2,113 $101,800 $9,300 $92,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202103591

Indiana Regional MLS

APN: 02-07-36-230-020.000-074