NOT LISTED FOR SALE

511 Madison St Fort Wayne, IN 46802

Downtown Fort Wayne Neighborhood

Estimated Value: $176,000 - $301,000

2 Beds
2 Baths
2,340 Sq Ft
$91/Sq Ft Est. Value

Last Sold October 11, 2013

Last sale price $14,000 $6 Per Sq Ft

Est. 1,413% increase in value since last sale

Current estimated payment $1,394/month

458 Days on Market

Highlights

  • Porch
  • Luxury Vinyl Tile Flooring
  • Level Lot
  • Shed
  • Hot Water Heating System

About This Home

As of October 2013

Set up to be a duplex with separate stairway between units. Many new updates include: Pex tubing water distribution, updated kitchens, updated bathrooms, newer carpeting. Unit is currently rented as a single-family unit, but could easily be converted to a duplex. Property is sold "As-is'.

Last Agent to Sell the Property

Justin Herber

Coldwell Banker Real Estate Gr Listed on: 06/27/2012

Coldwell Banker Real Estate Gr

Last Buyer's Agent

Justin Herber

Coldwell Banker Real Estate Gr Listed on: 06/27/2012

Coldwell Banker Real Estate Gr

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,500 Sq Ft Lot
  • Lot Dimensions are 30x150
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Shed
  • Porch

Location

  • Suburban Location

Schools

  • Forest Park Elementary School
  • Lakeside Middle School
  • North Side High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for building insurance, electric, fuel, heating, lawn maintenance, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 021201355017000074

Community Details

Overview

  • 2 Units
  • Hanna Subdivision

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $997
  • Fuel Expense $2,197
  • Insurance Expense $610
  • Maintenance Expense $222
  • Water Sewer Expense $2,626

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1925
  • Age: 88
  • Style: Two Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: E 1/2 Lot 215 Hanna Add |
  • Parcel Number ID: 021201355017000074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Near Walking Trail, Porch Open, Water Heater Gas
  • Cross Street: Clay Street
  • Location: City/Town/Suburb
  • Sp Lp Percent: 56
  • Monthly Gross Income: 700
  • Year Taxes Payable: 2011
  • Special Features: None

Interior Features

  • Total Sq Ft: 3444
  • Total Finished Sq Ft: 2340
  • Above Grade Finished Sq Ft: 2340
  • Below Grade Sq Ft: 1104
  • Price Per Sq Ft: 5.98
  • Basement Foundation: Full Basement
  • Flooring: Carpet, Vinyl Tile
  • Total Below Grade Sq Ft: 1104
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 108

Utilities

  • Heating Fuel: Gas, Hot Water
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 996.99
  • Annual Fuel Expense: 2197.48
  • Annual Insurance Expense: 609.5
  • Annual Maintenance Expense: 221.57
  • Annual Water Sewer Expense: 2625.87
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 30x150
  • Estimated Lot Sq Ft: 4500
  • Estimated Lot Size Acres: 0.1
  • Lot Number: 215

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 700
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 388

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2015
Sold by
Canales Ricardo O
Bought by
Gorman Darryl D
Current Estimated Value
$211,773

Purchase Details

Listed on
Jun 27, 2012
Closed on
Oct 11, 2013
Sold by
Canales Margaret A
Bought by
Canales Ricardo O
Seller's Agent
Justin Herber
Coldwell Banker Real Estate Gr
Buyer's Agent
Justin Herber
Coldwell Banker Real Estate Gr
List Price
$40,000
Sold Price
$14,000
Premium/Discount to List
-$26,000
-65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.25%

Purchase Details

Closed on
Dec 20, 2010
Sold by
Canales Ricardo O and Canales Margaret A
Bought by
Canales Ricardo and Canales Margaret

Purchase Details

Closed on
Aug 30, 2006
Sold by
The Bank Of New York
Bought by
Canales Ricardo O and Canales Margaret A

Purchase Details

Closed on
Jun 5, 2006
Sold by
Williams Lillie Bell and Brooks Lillie Bell
Bought by
The Bank Of New York and Holders Of The Eqcc Asset Backed Certifi
Source: Public Records

Range of Values:

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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
Gorman Darryl D -- None Available
Canales Ricardo O -- Riverbend Title
Canales Ricardo -- None Available
Canales Ricardo O $22,000 Resource Title Agency Inc
The Bank Of New York $22,733 Resource Title Agency Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2013 10/11/13 Sold $14,000 -65.0% $6 / Sq Ft
09/28/2013 09/28/13 Pending -- -- --
06/27/2012 06/27/12 For Sale $40,000 -- $17 / 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 $2,824 $109,100 $12,500 $96,600
2023 $2,000 $87,500 $4,700 $82,800
2022 $1,497 $66,600 $4,700 $61,900
2021 $1,144 $51,100 $1,400 $49,700
2020 $1,374 $62,800 $1,400 $61,400
2019 $1,004 $46,100 $1,200 $44,900
2018 $1,219 $55,600 $1,200 $54,400
2017 $914 $41,300 $1,200 $40,100
2016 $488 $22,400 $1,200 $21,200
2014 $486 $23,400 $1,200 $22,200
2013 $382 $18,400 $1,200 $17,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2013

    Justin Herber

    Coldwell Banker Real Estate Gr

    (260) 413-4942

    89 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 201207120

Indiana Regional MLS

APN: 02-12-01-355-017.000-074

Indiana Allen County Fort Wayne 46802 Downtown Fort Wayne

511 Madison St, Fort Wayne, IN

This home is located at 511 Madison St, Fort Wayne, IN 46802 since 27 June 2012 and is currently estimated at $211,773, approximately $90 per square foot. This property was built in 1925. 511 Madison St is a home located in Allen County with nearby schools including Forest Park Elementary School, Lakeside Middle School, and North Side 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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