NOT LISTED FOR SALE

538 Irene Ave Fort Wayne, IN 46808

Five Points Neighborhood

Estimated Value: $140,000 - $173,000

2 Beds
2 Baths
1,184 Sq Ft
$133/Sq Ft Est. Value

Last Sold December 21, 2012

Last sale price $35,000 $30 Per Sq Ft

Est. 349% increase in value since last sale

Current estimated payment $1,017/month

81 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Ceiling Fan
  • 1 Car Detached Garage
  • Forced Air Heating System
  • Level Lot

About This Home

As of December 2012

This duplex property sits on a quiet street close to downtown. Each unit features 2 bedrooms, 1 full bath, living room, and kitchen. Unit #1 is located upstairs and has recently had the carpet cleaned and is move in ready. Unit #2 is on the main level and features brand new carpeting and one of the bedrooms has hardwood flooring. Outside is a one car detached garage that is currently being rented out by the neighbor for $60/month. This home can be owned for just $230/mo with a fixed 30 yr FHA loan with 4% interest rate and 3.5% down payment.

Last Agent to Sell the Property

Kyle Ness

Ness Bros. Realtors & Auctioneers Listed on: 09/13/2012

Last Buyer's Agent

Terri Sonner

Life Key Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,021

Year Built

  • Built in 1900

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 40x150
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Schools

  • Franke Park Elementary School
  • Northwood Middle School
  • North Side High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Porch
  • Suburban Location

Community Details

  • 2 Units
  • Pfeiffer Place Subdivision

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for water
  • Assessor Parcel Number 020735156007000074

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,021

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 112
  • Style: Two Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: 02-07-35-156-007.000-074 |
  • Parcel Number ID: 020735156007000074
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Off Street Parking, Porch Open, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 87.5
  • Monthly Gross Income: 885
  • Year Taxes Payable: 2011
  • Special Features: None

Interior Features

  • Total Sq Ft: 1504
  • Total Finished Sq Ft: 1184
  • Above Grade Finished Sq Ft: 1184
  • Below Grade Sq Ft: 320
  • Price Per Sq Ft: 29.56
  • Basement Foundation: Partial Basement
  • Flooring: Wood
  • Total Below Grade Sq Ft: 320
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Brick, Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Number Of W D Hookups: 1

Schools

  • School District: Fort Wayne Community
  • Elementary School: Franke Park
  • Middle School: Northwood
  • High School: North Side
  • Elementary School: Franke Park

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40x150
  • Estimated Lot Sq Ft: 6000
  • Estimated Lot Size Acres: 0.14
  • Lot Number: 448

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2016
Sold by
Mlk Assistance Trust
Bought by
Eagle Conservation Trust
Current Estimated Value
$157,025

Purchase Details

Closed on
Jul 5, 2013
Sold by
Ericson Sheldon V and Ericson Diana J
Bought by
Benford Enterprise Llc

Purchase Details

Closed on
Aug 29, 2005
Sold by
Ericson Sheldon V and Ericson Diana J
Bought by
Ericson Sheldon and Ericson Diana J
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
Eagle Conservation Trust -- None Available
Mlk Assistance Trust -- None Available
Benford Enterprise Llc -- None Available
Ericson Sheldon -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Marshall Ryan L $64,907
Previous Owner Benford Enterprise Llc $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2012 12/21/12 Sold $35,000 -29.9% $30 / Sq Ft
12/03/2012 12/03/12 Pending -- -- --
09/13/2012 09/13/12 For Sale $49,900 -- $42 / 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 $2,021 $126,000 $13,300 $112,700
2022 $1,585 $70,500 $10,600 $59,900
2021 $1,328 $59,300 $5,700 $53,600
2020 $1,359 $62,100 $6,600 $55,500
2019 $1,827 $83,900 $8,200 $75,700
2018 $1,668 $76,100 $8,200 $67,900
2017 $734 $33,200 $4,400 $28,800
2016 $706 $33,200 $4,400 $28,800
2014 $671 $32,300 $4,900 $27,400
2013 $789 $38,000 $8,200 $29,800
Source: Public Records

Agents Affiliated with this Home

  • Kyle Ness

    Seller's Agent in 2012

    Kyle Ness

    Ness Bros. Realtors & Auctioneers

    (260) 417-2056

    190 Total Sales

    Kyle Ness
    Section Image

  • T

    Buyer's Agent in 2012

    Terri Sonner

    Life Key Realty

    (260) 701-9384

    37 Total Sales

    Terri Sonner
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201209971

Indiana Regional MLS

APN: 02-07-35-156-007.000-074

Indiana Allen County Fort Wayne 46808 Five Points

538 Irene Ave, Fort Wayne, IN

This home is located at 538 Irene Ave, Fort Wayne, IN 46808 since 13 September 2012 and is currently estimated at $157,025, approximately $132 per square foot. This property was built in 1900. 538 Irene Ave is a home located in Allen County with nearby schools including Franke Park Elementary School, Northwood 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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