NOT LISTED FOR SALE

Estimated Value: $207,000 - $259,365

8 Beds
6 Baths
2,912 Sq Ft
$83/Sq Ft Est. Value

Last Sold June 27, 2024

Last sale price $505,000 $173 Per Sq Ft

Current estimated payment $1,302/month

61 Days on Market

Highlights

  • Open Floorplan
  • Covered Patio or Porch
  • Double Vanity
  • Backs to Open Ground
  • Eat-In Kitchen
  • Laundry closet

About This Home

As of June 2024

Presenting an exciting investment opportunity with two brand-new duplexes recently crafted in 2023! The front duplex boasts an expansive great room seamlessly connected to an open-concept kitchen, complete with ample cabinet space and all appliances. The master suite is a luxurious retreat, featuring two closets and a private bath with double vanities. The second bedroom is generously sized, utilizing the main full bath for added convenience. In the back duplex, a large open area encompasses the great room and kitchen, fostering an adaptable living space. Two well-designed bedrooms share the main full bath, adhering to a functional and contemporary floorplan. Both duplexes offer private fenced patio areas, and the stylish laminate flooring adds a touch of modern elegance throughout. With a rare 10 dedicated parking spaces, this property is as convenient as it is attractive. Moreover, these newly built duplexes feature maintenance-free exteriors, ensuring durability and curb appeal. The interiors boast low-maintenance features, with all trim and walls painted the same color for swift turnovers between tenants. Stainless steel kitchen appliances, all-electric amenities, and vinyl plank flooring further contribute to the modern, hassle-free living experience. Seize the opportunity for immediate returns as both duplexes are fully rented, boasting a commendable rental history. Don't miss out on this perfect investment prospect – schedule your tour today and step into a future of financial growth!

Last Agent to Sell the Property

Bradley Stinson

North Eastern Group Realty Brokerage Phone: 260-615-7271 Listed on: 03/11/2024

North Eastern Group Realty

Last Buyer's Agent

Mary Sherer

ERA Crossroads

ERA Crossroads

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $388

Year Built

  • Built in 2023

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 169x83x201x91
  • Backs to Open Ground
  • Vinyl Fence
  • Level Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,912 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Laminate Flooring
  • Fire and Smoke Detector
  • Laundry closet

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Laminate Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms
  • Double Vanity

Parking

  • 10 Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Schools

  • Waynedale Elementary School
  • Portage Middle School
  • Wayne High School

Utilities

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

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cooling, electric, fuel, heating
  • The owner pays for building insurance, lawn maintenance, parking, sewer, trash collection, water
  • Assessor Parcel Number 02-12-28-381-001.000-074

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,748
  • Water Sewer Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$388

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 2023
  • Age: 1
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: Parcels 02-12-28-381-001.000-074 & 02-12-28-381-001.001-074
  • Parcel Number ID: 02-12-28-381-001.000-074
  • Platted: Yes
  • Amenities: Off Street Parking, Breakfast Bar, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Open Floor Plan, Patio Open, Porch Covered, Twin Sink Vanity, Water Heater Electric
  • Location: City/Town/Suburb
  • Parcel Id2: 02-12-28-381-001.001-074
  • Sp Lp Percent: 94.41
  • Annual Miscellaneous: 1050
  • Monthly Gross Income: 4300
  • Year Taxes Payable: 2024
  • Special Features: NewHome

Interior Features

  • Total Sq Ft: 2912
  • Total Finished Sq Ft: 2912
  • Above Grade Finished Sq Ft: 2912
  • Price Per Sq Ft: 173.42
  • Basement Foundation: Slab
  • Flooring: Laminate
  • Number Of Disposals: 4
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Fence: Vinyl
  • Stories: 1

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 10
  • Parking: Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities
  • Annual Insurance Expense: 1748
  • Annual Water Sewer Expense: 3000
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Of W D Hookups: 4
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Waynedale
  • Middle School: Portage
  • High School: Wayne
  • Elementary School: Waynedale

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 169x83x201x91
  • Estimated Lot Sq Ft: 15400
  • Estimated Lot Size Acres: 0.35
  • Lot Number: 24

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Parking, Sewer, Trash Collection, Water
  • Tenant Pays: Cooling, Electric, Fuel, Heating

Multi Family

  • Gross Monthly Rent: 4300
  • Number Of Dishwashers: 4
  • Number Of Dryers: 4
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 4
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 387.91

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2024
Closed on
Jun 27, 2024
Sold by
Bpl Real Estate Holdings Llc
Bought by
Sherer Kyle and Sherer Jennifer
Seller's Agent
Bradley Stinson
North Eastern Group Realty
Buyer's Agent
Mary Sherer
ERA Crossroads
List Price
$550,000
Sold Price
$505,000
Premium/Discount to List
-$45,000
-8.18%
Views
305
Current Estimated Value
$242,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$262,159
Avg. Annual Appreciation
-42.57%
Original Mortgage
$196,950
Outstanding Balance
$194,598
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$48,243

Purchase Details

Closed on
Feb 27, 2024
Sold by
Lombard Brad S and Lombard Paige M
Bought by
Bpl Real Estate Holdings Llc

Purchase Details

Closed on
Oct 12, 2023
Sold by
Bpl Real Estate Holdings Llc
Bought by
Lombard Brad S and Lombard Paige M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,750
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2023
Sold by
Bpl Real Estate Holdings Llc
Bought by
Lombard Brad S and Lombard Paige M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,750
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2022
Sold by
Bpl Real Estate Holdings Llc
Bought by
Bpl Real Estate Holdings Llc

Purchase Details

Closed on
Aug 9, 2021
Sold by
Lombard Brad S
Bought by
Bpl Road Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2021
Sold by
Hardy Jonathan E
Bought by
Lombard Brad S

Purchase Details

Closed on
Aug 14, 2018
Sold by
Allen County Community Development Corp
Bought by
Hardy Jonathan E

Purchase Details

Closed on
Aug 9, 2018
Sold by
Wheeler Brett and Wheeler Heather
Bought by
Allen County Community Development Corpo

Purchase Details

Closed on
Jun 30, 2005
Sold by
Cowens James L
Bought by
Wheeler Brett and Wheeler Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,400
Interest Rate
9.35%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 30, 2004
Sold by
Hud
Bought by
Cowens James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,550
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2003
Sold by
Abn Amro Mortgage Group Inc
Bought by
Hud

Purchase Details

Closed on
Jul 15, 2003
Sold by
Doty Alan M and Doty Alan
Bought by
Abn Amro Mortgage Group Inc
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
Sherer Kyle -- Metropolitan Title Of In
Bpl Real Estate Holdings Llc -- None Listed On Document
Lombard Brad S -- None Listed On Document
Lombard Brad S -- None Listed On Document
Bpl Real Estate Holdings Llc -- --
Bpl Road Estate Holdings Llc -- None Available
Lombard Brad S -- None Listed On Document
Hardy Jonathan E -- None Available
Allen County Community Development Corpo -- None Available
Wheeler Brett -- --
Cowens James L -- Title Agency Ltd
Hud -- --
Abn Amro Mortgage Group Inc $59,092 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherer Kyle $196,950
Previous Owner Lombard Brad S $323,750
Previous Owner Lombard Brad S $323,750
Previous Owner Bpl Road Estate Holdings Llc $80,000
Previous Owner Wheeler Brett $71,400
Previous Owner Cowens James L $41,550
Closed Cowens James L $5,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2024 06/27/24 Sold $505,000 -5.6% $173 / Sq Ft
05/11/2024 05/11/24 Pending -- -- --
04/22/2024 04/22/24 Price Changed $534,900 -2.7% $184 / Sq Ft
03/11/2024 03/11/24 For Sale $550,000 -- $189 / 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 $215 $184,900 $13,300 $171,600
2022 $404 $14,500 $14,500 $0
2021 $217 $7,300 $7,300 $0
2020 $229 $7,300 $7,300 $0
2019 $237 $7,300 $7,300 $0
2018 $5 $7,300 $7,300 $0
2017 $9,549 $59,000 $14,500 $44,500
2016 $3,802 $54,500 $14,500 $40,000
2014 $1,656 $79,800 $14,500 $65,300
2013 $580 $79,000 $14,500 $64,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202407824

Indiana Regional MLS

APN: 02-12-28-381-001.000-074