NOT LISTED FOR SALE

Estimated Value: $188,000 - $251,000

4 Beds
3 Baths
2,591 Sq Ft
$84/Sq Ft Est. Value

Last Sold February 14, 2022

Last sale price $85,000 $33 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $1,399/month

48 Days on Market

Highlights

  • Fenced Yard
  • Forced Air Heating System
  • 3-minute walk to April's Garden
  • Luxury Vinyl Tile Flooring
  • Level Lot

About This Home

As of February 2022

Excellent Investment Opportunity! This large triplex is fully occupied and has spacious, well laid out apartments. The 20x28 detached car garage could be used for owner storage or leased for additional income. Conveniently located within walking distance of the TinCaps Stadium, George's International Market, Electric Works, Restaurants, and McCullough Park. Tenants pay heating and cooling costs. The owner pays for lawn care, water, trash and sewer.

Last Agent to Sell the Property

Jackie McBride

Perfect Pad Realty, LLC Listed on: 10/07/2021

Last Buyer's Agent

Andy Zoda

Coldwell Banker Real Estate Gr

Coldwell Banker Real Estate Gr

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,282

Year Built

  • Built in 1910

Lot Details

  • 7,501 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Fenced Yard
  • Chain Link Fence
  • Level Lot

Parking

  • 5 Parking Spaces

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 2,591 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cooling, heating
  • The owner pays for lawn maintenance, sewer, trash collection, water
  • Assessor Parcel Number 02-12-11-332-010.000-074

Community Details

Overview

  • 3 Units

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • Water Sewer Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,282

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1910
  • Age: 111
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: Lot 17 Hoagland & Williams Addition
  • Parcel Number ID: 02-12-11-332-010.000-074
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Water Heater Electric
  • Sp Lp Percent: 85
  • Annual Miscellaneous: 825
  • Monthly Gross Income: 1350
  • Special Features: None

Interior Features

  • Total Sq Ft: 2591
  • Total Finished Sq Ft: 2591
  • Above Grade Finished Sq Ft: 2591
  • Price Per Sq Ft: 32.81
  • Basement: Yes
  • Basement Foundation: Crawl, Slab, Partial Basement
  • Basement Material: Block, Poured Concrete
  • Flooring: Carpet, Vinyl Tile
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Brick, Vinyl
  • Fence: Chain Link
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 5

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 1200
  • Annual Water Sewer Expense: 1500
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Fairfield
  • Middle School: Kekionga
  • High School: South Side

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x150
  • Estimated Lot Sq Ft: 7501
  • Estimated Lot Size Acres: 0.1722
  • Lot Number: 17

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Lawn Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cooling, Heating

Multi Family

  • Gross Monthly Rent: 1450
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1282

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Feb 10, 2022
Sold by
Lieve Financial Llc
Bought by
Wintersteiger Galo A Seidlitz and Seidlitz Carmen R
Seller's Agent
Jackie McBride
Perfect Pad Realty, LLC
Buyer's Agent
Andy Zoda
Coldwell Banker Real Estate Gr
List Price
$100,000
Sold Price
$85,000
Premium/Discount to List
-$15,000
-15%
Current Estimated Value
$217,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,000
Avg. Annual Appreciation
30.86%
Original Mortgage
$63,750
Outstanding Balance
$59,422
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$160,245

Purchase Details

Closed on
May 10, 2021
Sold by
Patterson Mary Elizabeth
Bought by
Patterson Mary Elizabeth and Hanna Elizabeth Ruth

Purchase Details

Closed on
Jun 4, 2011
Sold by
Patterson Ml and Patterson Mary E
Bought by
Lieve Financial Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
4.67%
Mortgage Type
Seller Take Back
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
Wintersteiger Galo A Seidlitz $23,842 Centurion Land Title
Lieve Financial Llc -- Centurion Land Title
Patterson Mary Elizabeth -- None Listed On Document
Lieve Financial Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lieve Financial Llc $63,750
Closed Wintersteiger Galo A Seidlitz $63,750
Previous Owner Lieve Financial Llc $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2022 02/14/22 Sold $85,000 -15.0% $33 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/18/2021 11/18/21 For Sale $100,000 +17.6% $39 / Sq Ft
10/20/2021 10/20/21 Off Market $85,000 -- --
10/10/2021 10/10/21 For Sale $100,000 +17.6% $39 / Sq Ft
10/09/2021 10/09/21 Off Market $85,000 -- --
10/07/2021 10/07/21 For Sale $100,000 -- $39 / 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 $2,609 $143,000 $18,000 $125,000
2022 $2,277 $101,300 $11,700 $89,600
2021 $1,463 $65,300 $4,100 $61,200
2020 $1,282 $58,600 $3,700 $54,900
2019 $1,250 $57,400 $3,600 $53,800
2018 $1,203 $54,900 $5,400 $49,500
2017 $1,102 $49,800 $5,800 $44,000
2016 $1,085 $49,800 $5,800 $44,000
2014 $599 $28,800 $5,400 $23,400
2013 $316 $15,200 $6,700 $8,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202142280

Indiana Regional MLS

APN: 02-12-11-332-010.000-074