NOT LISTED FOR SALE

Estimated Value: $198,000 - $246,000

3 Beds
2 Baths
1,964 Sq Ft
$111/Sq Ft Est. Value

Last Sold May 30, 2019

Last sale price $90,000 $46 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $1,292/month

1 Day on Market

Highlights

  • Partially Wooded Lot
  • Ceramic Tile Flooring
  • Forced Air Heating System
  • 2 Car Attached Garage
  • 1-Story Property
  • Level Lot

About This Home

As of May 2019

This 1,964 square foot home off of Lake Avenue near Coliseum Boulevard on the north side of the 46805 zip code in Fort Wayne has lots of space and tons of potential. It sits on a 0.63 acre lot and has lots of mature trees. It's taxed as a 3 bedroom home, but there is a potential 4th bedroom upstairs. The home is priced under its 2018 assessed value of $108,900 as it does need some work. The home wouldn't be in good enough condition for FHA or VA financing, though an FHA 203k loan where a buyer would borrow money to purchase the home and borrow additional money to fix it up might be an excellent option. Several local lenders offer that program, and some others offer comparable ones. Don't let the current taxes scare you. The home is currently occupied by tenants, so the owners don't currently live in it and don't have a Homestead exemption on the property for property tax purposes. If someone buys it who gets a Homestead exemption, and potentially other exemptions, the taxes could be cut in half or even more. You can inquire with the county to get an estimate of what taxes might be if you bought it.

Last Agent to Sell the Property

Andy Zoda

Coldwell Banker Real Estate Gr Listed on: 12/24/2018

Coldwell Banker Real Estate Gr

Last Buyer's Agent

Amanda Blackburn

North Eastern Group Realty

North Eastern Group Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,177

Year Built

  • Built in 1952

Lot Details

  • 0.63 Acre Lot
  • Lot Dimensions are 130 x 211
  • Level Lot
  • Partially Wooded Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,964 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Crawl Space

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Location

  • Suburban Location

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 02-08-32-378-005.000-072

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,177

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1952
  • Age: 67
  • Style: One Story
  • Total Number of Rooms: 8
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 4-32-4-092 MAYSVILLE HEIGHTS LOT 19 |
  • Parcel Number ID: 02-08-32-378-005.000-072
  • Platted: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Special Features: None

Interior Features

  • Total Sq Ft: 1964
  • Total Finished Sq Ft: 1964
  • Above Grade Finished Sq Ft: 1964
  • Price Per Sq Ft: 45.82
  • Basement Foundation: Crawl, Slab
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, One
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile
  • Living Great Room: Dimensions: 14x12, On Level: Main
  • Kitchen: Dimensions: 16x15, On Level: Main
  • Den: Dimensions: 10x9, On Level: Main
  • Recreation Room: Dimensions: 14x8, On Level: Upper
  • Bedroom 1: Dimensions: 12x10, On Level: Main
  • Bedroom 2: Dimensions: 11x10, On Level: Main
  • Bedroom 3: Dimensions: 10x10, On Level: Main
  • Loft: Dimensions: 8x8, On Level: Upper
  • Number of Main Level Full Bathrooms: 2

Exterior Features

  • Exterior: Wood
  • Roof Material: Asphalt
  • Outbuilding1: None

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x24
  • Garage Sq Ft: 576
  • Garage: Yes

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Laundry: Dimensions: Mainx5, On Level: 6

Schools

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

Lot Info

  • Lot Description: Level, Partially Wooded
  • Lot Dimensions: 130 x 211
  • Estimated Lot Sq Ft: 27443
  • Estimated Lot Size Acres: 0.63

Tax Info

  • Annual Taxes: 2176.7
  • Total Assessed Value: 108900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 24, 2018
Closed on
May 11, 2019
Sold by
Booz Gerald B and Russell Cathy H
Bought by
Hughes Jacob A
Seller's Agent
Andy Zoda
Coldwell Banker Real Estate Gr
Buyer's Agent
Amanda Blackburn
North Eastern Group Realty
List Price
$90,000
Sold Price
$90,000
Current Estimated Value
$217,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,555
Avg. Annual Appreciation
14.86%
Original Mortgage
$167,829
Outstanding Balance
$146,953
Interest Rate
4%
Mortgage Type
FHA
Estimated Equity
$70,602

Purchase Details

Closed on
May 19, 2016
Sold by
Russell Cathy H
Bought by
Booz Gerald B and Russell Cathy H
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
Hughes Jacob A $90,000 Centurion Land Title Inc
Booz Gerald B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hughes Jacob A $167,829
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2019 05/30/19 Sold $90,000 0.0% $46 / Sq Ft
01/24/2019 01/24/19 Off Market $90,000 -- --
12/25/2018 12/25/18 Pending -- -- --
12/24/2018 12/24/18 For Sale $90,000 -- $46 / 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 $1,669 $164,100 $22,400 $141,700
2022 $1,771 $159,400 $22,400 $137,000
2021 $1,289 $122,800 $22,400 $100,400
2020 $1,185 $115,800 $22,400 $93,400
2019 $1,153 $111,700 $22,400 $89,300
2018 $2,387 $108,900 $22,400 $86,500
2017 $2,177 $98,400 $22,400 $76,000
2016 $2,009 $92,200 $22,400 $69,800
2014 $952 $93,900 $22,400 $71,500
2013 $864 $90,100 $22,400 $67,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201854710

Indiana Regional MLS

APN: 02-08-32-378-005.000-072