NOT LISTED FOR SALE

506 E Masterson Ave Fort Wayne, IN 46803

La Rez Neighborhood

Estimated Value: $56,000 - $67,000

2 Beds
1 Bath
868 Sq Ft
$73/Sq Ft Est. Value

Last Sold July 22, 2022

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

Est. 49% increase in value since last sale

Current estimated payment $438/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
  • Style: One Story
  • 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
  • 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
  • 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

  • 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
$67,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,175
Avg. Annual Appreciation
10.18%

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 -- Centurion Land Title
Wilson Catherine -- --
Ace Properties & Investments Llc $38,000 Centurion Land Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $1,047 $47,000 $14,000 $33,000
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

    599 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

    337 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

Not Listed for Sale

Detached

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