$108,000
SOLD AUG 1, 2025
3 Beds
2 Baths
1,314 Sq Ft
3,049 Sq Ft

Recently Sold

$82 Per Sq Ft

2% Below List Price

29 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • 4-minute walk to Camp Allen Park

About This Home

As of August 2025

Great opportunity for investment or single family home! This property at 514 Mechanic St offers great potential with solid bones and a convenient location near downtown. Whether you're looking to expand your rental portfolio or make it your own, this is a chance to add value and build equity. This property is being sold As-Is. Don’t miss out!

Last Agent to Sell the Property

Jay Arevalo

CENTURY 21 Bradley Realty, Inc Brokerage Phone: 260-494-8808 Listed on: 05/29/2025

CENTURY 21 Bradley Realty, Inc

Co-Listed By

Sara Arevalo

AG Rentals & Management LLC Brokerage Phone: 260-494-8808

Last Buyer's Agent

Derek Daniels

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,456

Year Built

  • Built in 1915

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 60x50
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Washington Elementary School
  • Portage Middle School
  • Wayne High School

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 02-12-03-452-008.000-074

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,456

Year Built

Built in 1915

Lot Details

3,000 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1915
  • Style: One and Half Story
  • Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: N 60 FT LOT 28 ROCKHILLS 2ND ADD
  • Parcel Number ID: 02-12-03-452-008.000-074
  • Platted: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 2124
  • Total Finished Sq Ft: 1314
  • Above Grade Finished Sq Ft: 1314
  • Below Grade Sq Ft: 810
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Living Great Room: Dimensions: 14x13, On Level: Main
  • Kitchen: Dimensions: 13x10, On Level: Main
  • Dining Room: Dimensions: 17x13, On Level: Main
  • Bedroom 1: Dimensions: 14x13, On Level: Upper
  • Bedroom 2: Dimensions: 13x8, On Level: Upper
  • Bedroom 3: Dimensions: 13x8, On Level: Main
  • Number of Main Level Full Bathrooms: 1
  • Total Below Grade Sq Ft: 810

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None

Utilities

  • Heating Fuel: Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Laundry: Dimensions: Mainx3, On Level: 7

Schools

  • Elementary School: Washington

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 60X50
  • Estimated Lot Sq Ft: 3000
  • Estimated Lot Size Acres: 0.07
  • Lot Number: 28

Tax Info

  • Annual Taxes: 1456.32

MLS Schools

  • High School: Wayne
  • Middle School: Portage
  • School District: Fort Wayne Community

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2025
Closed on
Aug 1, 2025
Sold by
Compass Capital Ventures Inc
Bought by
Heeter Sam
Seller's Agent
Jay Arevalo
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Derek Daniels
RE/MAX Results
List Price
$110,000
Sold Price
$108,000
Premium/Discount to List
-$2,000
-1.82%
Views
188
Current Estimated Value
$113,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,745
Avg. Annual Appreciation
9.88%
Original Mortgage
$5,130
Outstanding Balance
$4,409
Interest Rate
6.77%
Estimated Equity
$109,336

Purchase Details

Closed on
Jan 23, 2020
Sold by
Inpro Investment Partners Ii Llc
Bought by
Compass Capital Ventures Inc

Purchase Details

Closed on
Nov 8, 2011
Sold by
County Of Allen
Bought by
Indiana Resource Network Inc

Purchase Details

Closed on
Jun 1, 2010
Sold by
Woodrock Property Management Inc
Bought by
Alliance Property Management Ltd

Purchase Details

Closed on
May 28, 2004
Sold by
Alliance Property Management Ltd
Bought by
Woodrock Property Management Inc
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 Type Sale Price Title Company
Warranty Deed -- Centurion Land Title
Quit Claim Deed -- None Available
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $2,200 None Available
Quit Claim Deed -- None Available
Warranty Deed -- Three Rivers Title Co Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $5,130 No Value Available
Open $102,600 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2025 08/01/25 Sold $108,000 +0.9% $82 / Sq Ft
06/27/2025 06/27/25 Pending -- -- --
06/13/2025 06/13/25 Price Changed $107,000 -2.7% $81 / Sq Ft
05/29/2025 05/29/25 For Sale $110,000 -- $84 / Sq Ft
Source: Indiana Regional MLS

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 $1,456 $67,800 $5,900 $61,900
2024 $1,230 $63,700 $5,900 $57,800
2022 $1,661 $73,900 $5,900 $68,000
2021 $1,568 $70,000 $4,700 $65,300
2020 $869 $39,700 $3,700 $36,000
2019 $573 $26,300 $2,600 $23,700
2018 $467 $21,300 $2,200 $19,100
2017 $451 $20,400 $2,400 $18,000
2016 $436 $20,000 $2,500 $17,500
2014 $430 $20,700 $3,100 $17,600
2013 $311 $15,000 $2,300 $12,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202519967

Indiana Regional MLS

APN: 02-12-03-452-008.000-074

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