NOT LISTED FOR SALE

506 E Masterson Ave Fort Wayne, IN 46803

La Rez Neighborhood

Estimated Value: $54,000 - $90,000

2 Beds
1 Bath
868 Sq Ft
$77/Sq Ft Est. Value

Last Sold July 22, 2022

Last sale price $45,000 $52 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $372/month

41 Days on Market

Highlights

  • 1-Story Property
  • Forced Air Heating System
  • Carpet

About This Home

As of July 2022

Come take a look at this two bedroom investment property near Downtown. Currently tenant occupied at $450/Month. Investors will see immediate return on investment. This property is sold as is, Cash only!

Last Agent to Sell the Property

Brandon Stone

CENTURY 21 Bradley Realty, Inc Listed on: 06/06/2022

CENTURY 21 Bradley Realty, Inc

Last Buyer's Agent

Cecilia Espinoza

Realty of America LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $576

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30x100
  • Aluminum or Metal Fence

Home Design

  • Planned Development
  • Asphalt Roof

Interior Spaces

  • 1-Story Property
  • Carpet
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Location

  • Suburban Location

Schools

  • Abbett Elementary School
  • Lane Middle School
  • Snider High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • Lewis Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-12-12-157-002.000-074

Home Details

Home Type

Single Family

Est. Annual Taxes

$576

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1900
  • Age: 122
  • Style: One Story
  • Total Number of Rooms: 5
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: E 1/2 LOT 245 LEWIS ADD
  • Parcel Number ID: 02-12-12-157-002.000-074
  • Platted: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 97.83
  • Year Taxes Payable: 2022
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1736
  • Total Finished Sq Ft: 868
  • Above Grade Finished Sq Ft: 868
  • Below Grade Sq Ft: 868
  • Price Per Sq Ft: 51.84
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Flooring: Carpet
  • Living Great Room: Dimensions: 12x12, On Level: Main
  • Kitchen: Dimensions: 12x12, On Level: Main
  • Dining Room: Dimensions: 12x10, On Level: Main
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 10x12, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 868

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Outbuilding1: None
  • Fence: Metal

Utilities

  • Cooling: Window
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: Fort Wayne City Utilities

Schools

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

Lot Info

  • Lot Description: Planned Unit Development
  • Lot Dimensions: 30x100
  • Estimated Lot Sq Ft: 3049
  • Estimated Lot Size Acres: 0.07

Tax Info

  • Annual Taxes: 575.6

MLS Schools

  • High School: Snider
  • Middle School: Lane
  • School District: Fort Wayne Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2022
Closed on
Jul 20, 2022
Sold by
Ace Properties & Investments Llc
Bought by
Ortega Ingrid
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Cecilia Espinoza
Realty of America LLC
List Price
$48,900
Sold Price
$45,000
Premium/Discount to List
-$3,900
-7.98%
Current Estimated Value
$66,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,638
Avg. Annual Appreciation
10.38%

Purchase Details

Listed on
Jun 6, 2022
Closed on
Jun 15, 2022
Sold by
Catherine Wilson
Bought by
Ace Properties & Investments Llc
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Cecilia Espinoza
Realty of America LLC
List Price
$48,900
Sold Price
$45,000
Premium/Discount to List
-$3,900
-7.98%

Purchase Details

Closed on
Nov 18, 2021
Sold by
Daisy Wilson
Bought by
Wilson Catherine
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
Ortega Ingrid $45,000 Centurion Land Title
Wilson Catherine -- --
Ace Properties & Investments Llc $38,000 Centurion Land Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2022 07/22/22 Sold $45,000 -2.2% $52 / Sq Ft
07/17/2022 07/17/22 Pending -- -- --
07/11/2022 07/11/22 Price Changed $46,000 -1.9% $53 / Sq Ft
07/07/2022 07/07/22 Price Changed $46,900 -2.1% $54 / Sq Ft
06/29/2022 06/29/22 Price Changed $47,900 -2.0% $55 / Sq Ft
06/22/2022 06/22/22 For Sale $48,900 0.0% $56 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
06/22/2022 06/22/22 Price Changed $48,900 -2.0% $56 / Sq Ft
06/08/2022 06/08/22 Price Changed $49,900 -4.0% $57 / Sq Ft
06/06/2022 06/06/22 For Sale $52,000 -- $60 / 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 $112 $45,800 $12,300 $33,500
2022 $229 $33,800 $7,400 $26,400
2021 $576 $25,700 $7,400 $18,300
2020 $468 $21,400 $800 $20,600
2019 $346 $15,900 $800 $15,100
2018 $445 $20,300 $800 $19,500
2017 $288 $13,000 $800 $12,200
2016 $257 $11,800 $800 $11,000
2014 $158 $7,600 $800 $6,800
2013 $160 $7,700 $800 $6,900
Source: Public Records

Agents Affiliated with this Home

  • Brandon Stone

    Seller's Agent in 2022

    Brandon Stone

    CENTURY 21 Bradley Realty, Inc

    (260) 446-5159

    6 in this area

    556 Total Sales

    Brandon Stone
    Section Image
  • Cecilia Espinoza

    Buyer's Agent in 2022

    Cecilia Espinoza

    Realty of America LLC

    (260) 210-2460

    3 in this area

    333 Total Sales

    Cecilia Espinoza
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202222061

Indiana Regional MLS

APN: 02-12-12-157-002.000-074

Indiana Allen County Fort Wayne 46803 La Rez

506 E Masterson Ave, Fort Wayne, IN

This home is located at 506 E Masterson Ave, Fort Wayne, IN 46803 since 06 June 2022 and is currently estimated at $66,638, approximately $76 per square foot. This property was built in 1900. 506 E Masterson Ave is a home located in Allen County with nearby schools including Arlington Elementary School, Jefferson Middle School, and Northrop High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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