NOT LISTED FOR SALE

Estimated Value: $266,000 - $307,000

5 Beds
2 Baths
2,820 Sq Ft
$102/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $235,000 $83 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,882/month

16 Days on Market

Highlights

  • Fenced Yard
  • Double Pane Windows
  • Laundry in Utility Room
  • 2 Car Attached Garage
  • Patio
  • Landscaped

About This Home

As of February 2022

This beautiful mixed use all Brick Duplex has the potential to be used for work and living space for an owner occupant or it can be used a great income producing property. The front unit has a variance that would allow it to be used as an office space for any of the following businesses: Medical, Accountant, Appraiser, Architect, Attorney/Legal,Bankruptcy Service, Financial services, Chiropractor, Engineer, Graphic Design, Insurance Agency, Land Surveyor. The Allen County Planning Department has confirmed that the front unit also has an option to change the use and convert to a spacious residential 2-3 Bedroom apartment. This property has been very well maintained, each unit is metered separately and has gas forced heat, central air, patio space plus plenty of parking. The rear unit is 1400+ sq feet and has 3 bedrooms and 1 bathroom plus access to the oversized 2 car garage. Recent improvements include heating and air units, a complete bathroom remodel with a large walk in shower, new kitchen cabinets, kitchen sink and countertops in the residential unit. *The rear unit is occupied, rear unit photos are from May but that unit is still in excellent condition.

Last Agent to Sell the Property

Jackie McBride

Perfect Pad Realty, LLC Listed on: 12/17/2021

Last Buyer's Agent

Mark Recht

Recht and Recht

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,273

Year Built

  • Built in 1963

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 86x244
  • Fenced Yard
  • Landscaped
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 2,820 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Vinyl Flooring
  • Fire and Smoke Detector
  • Laminate Countertops
  • Laundry in Utility Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Tenant pays for electric, heating, sewer, water
  • The owner pays for lawn maintenance, snow removal
  • Assessor Parcel Number 02-08-32-255-028.000-072

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Maintenance Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,273

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1963
  • Age: 59
  • Style: One Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Inwood Park Add S 244 Of W 86 Ft Lot 8
  • Parcel Number ID: 02-08-32-255-028.000-072
  • Platted: Yes
  • Amenities: Ceiling Fan, Fenced Yard, Fireplace, Countertops-Laminate, Detector-Smoke, Garage Door Opener, Landscaped, Patio Open, Water Heater Gas
  • Cross Street: Coliseum Blvd, Reed Rd
  • Sp Lp Percent: 100
  • Annual Miscellaneous: 1050
  • Monthly Gross Income: 2100
  • Special Features: None

Interior Features

  • Total Sq Ft: 2820
  • Total Finished Sq Ft: 2820
  • Above Grade Finished Sq Ft: 2820
  • Price Per Sq Ft: 83.33
  • Basement Foundation: Slab
  • Flooring: Vinyl
  • Number Of Disposals: 1
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Brick
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 10
  • Parking: Garage, Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 1000
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 1
  • Number Water Meters: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Glenwood Park
  • Middle School: Lane
  • High School: Snider

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 86x244
  • Estimated Lot Sq Ft: 20983
  • Estimated Lot Size Acres: 0.4817
  • Lot Number: 8

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Snow Removal
  • Tenant Pays: Electric, Heating, Sewer, Water

Tax Info

  • Exemptions: Homestead, Mortgage
  • Annual Property Tax: 2272.62

Multi Family

  • Gross Monthly Rent: 2100
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 1
  • Number Of Units: 2
  • 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
Dec 17, 2021
Closed on
Feb 14, 2022
Sold by
Leal and Alicia
Bought by
Swerens Hannah and Lannswitt Nick
Seller's Agent
Jackie McBride
Perfect Pad Realty, LLC
Buyer's Agent
Mark Recht
Recht and Recht
List Price
$235,000
Sold Price
$235,000
Total Days on Market
16
Current Estimated Value
$286,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,249
Avg. Annual Appreciation
6.16%
Original Mortgage
$188,000
Outstanding Balance
$154,534
Interest Rate
2.77%
Mortgage Type
New Conventional
Estimated Equity
$131,715

Purchase Details

Listed on
Jun 16, 2014
Closed on
Oct 22, 2014
Sold by
Druart Steven E
Bought by
Leal Orlando and Leal Alicia
Seller's Agent
Jan Sanner
#1 Advantage, REALTORS
Buyer's Agent
Tamara Braun
Estate Advisors LLC
List Price
$150,000
Sold Price
$139,000
Premium/Discount to List
-$11,000
-7.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%
Original Mortgage
$111,200
Interest Rate
4.13%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Swerens Hannah -- Meridian Title
Leal Orlando -- Landquest Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swerens Hannah $188,000
Previous Owner Leal Orlando $27,500
Previous Owner Leal Orlando $14,100
Previous Owner Leal Orlando $111,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2022 02/11/22 Sold $235,000 0.0% $83 / Sq Ft
01/02/2022 01/02/22 Pending -- -- --
12/17/2021 12/17/21 For Sale $235,000 0.0% $83 / Sq Ft
05/22/2021 05/22/21 Rented $1,100 0.0% --
05/21/2021 05/21/21 Under Contract -- -- --
05/18/2021 05/18/21 For Rent $1,100 0.0% --
10/22/2014 10/22/14 Sold $139,000 -7.3% $49 / Sq Ft
08/16/2014 08/16/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $150,000 -- $53 / 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 $3,305 $303,600 $34,100 $269,500
2022 $2,962 $262,000 $34,100 $227,900
2021 $2,408 $215,000 $19,400 $195,600
2020 $2,273 $207,900 $19,400 $188,500
2019 $2,090 $192,500 $19,400 $173,100
2018 $1,996 $183,000 $19,400 $163,600
2017 $1,748 $159,600 $19,400 $140,200
2016 $1,669 $154,700 $19,400 $135,300
2014 $2,600 $167,900 $52,600 $115,300
2013 $2,702 $169,100 $52,600 $116,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202151477

Indiana Regional MLS

APN: 02-08-32-255-028.000-072