NOT LISTED FOR SALE

Estimated Value: $187,000 - $238,000

6 Beds
4 Baths
3,224 Sq Ft
$65/Sq Ft Est. Value

Last Sold January 15, 2019

Last sale price $115,825 $36 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $1,539/month

15 Days on Market

Highlights

  • Covered patio or porch
  • Level Lot
  • Carpet
  • Central Air

About This Home

As of January 2019

The price stated on this property is the assessed tax value (as a guideline). This property is being sold at public auction on Monday, December 10, 2018. Auction begins at 5:30 p.m. This property may sell for more or less than the assessed value, depending on the outcome of the auction bidding. Multi-unit rental property in Fort Wayne. Don't miss this opportunity of a lifetime. 3 spectacular rental units available for auction. These rental units generate great cash flow with little effort. Join us auction day for your chance at owning one of these beautiful properties. Visit our website to see additional properties. INVESTMENT OPPORTUNITY | $1,700+ PER MONTH INCOME | SEPARATE GAS & ELECTRICAL UTILITIES

Last Listed By

Tim McCulloch

Scheerer McCulloch Real Estate Listed on: 11/25/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,409

Year Built

  • Built in 1950

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 142 x 114
  • Level Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Carpet
  • Unfinished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Utilities

  • Central Air
  • Heating System Uses Gas

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, electric
  • The owner pays for fuel, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 02-12-26-254-009.000-074

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $1,666
  • Fuel Expense $1,666
  • Insurance Expense $1,666
  • Maintenance Expense $1,666
  • Trash Expense $1,666
  • Water Sewer Expense $1,666

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,409

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1950
  • Age: 68
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: LINCOLNSHIRE ALL LOT 27 EXC N29FT LOT 26 E 4FT EXC N 29FT LOT 28 |
  • Parcel Number ID: 02-12-26-254-009.000-074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Porch Covered
  • Location: City/Town/Suburb
  • Sp Lp Percent: 100
  • Monthly Gross Income: 1945
  • Special Features: None

Interior Features

  • Total Sq Ft: 4524
  • Total Finished Sq Ft: 3224
  • Above Grade Finished Sq Ft: 3224
  • Below Grade Sq Ft: 1300
  • Price Per Sq Ft: 35.93
  • Basement: Yes
  • Basement Foundation: Slab, Unfinished
  • Basement Material: Poured Concrete
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 1300
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 2
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1666
  • Annual Fuel Expense: 1666
  • Annual Insurance Expense: 1666
  • Annual Maintenance Expense: 1666
  • Annual Trash Expense: 1666
  • Annual Water Sewer Expense: 1666
  • Number Of W D Hookups: 1

Schools

  • School District: Fort Wayne Community
  • Elementary School: Harris
  • Middle School: Kekionga
  • High School: South Side

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 142 x 114
  • Estimated Lot Sq Ft: 16187
  • Estimated Lot Size Acres: 0.3716

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Fuel, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric

Multi Family

  • Gross Monthly Rent: 1945
  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 1409

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2022
Sold by
Tim Dunn
Bought by
Camdun Properties Llc
Total Days on Market
15
Current Estimated Value
$209,781

Purchase Details

Closed on
Jan 7, 2021
Sold by
Camdun Properties Llc
Bought by
Dunn Tim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Nov 25, 2018
Closed on
Jan 14, 2019
Sold by
Star Financial Bank
Bought by
Camdun Properuties Llc
Seller's Agent
Tim McCulloch
Scheerer McCulloch Real Estate
Buyer's Agent
Tim McCulloch
Scheerer McCulloch Real Estate
List Price
$63,700
Sold Price
$115,825
Premium/Discount to List
$52,125
81.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.77%
Original Mortgage
$84,750
Interest Rate
4.7%
Mortgage Type
New Conventional

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
Camdun Properties Llc -- --
Dunn Tim -- None Available
Camdun Properuties Llc $113,000 Metropolitan Title Of In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Camdun Properties Llc $288,832
Previous Owner Camdun Properties Llc $350,000
Previous Owner Dunn Tim $87,500
Previous Owner Camdun Properuties Llc $84,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2019 01/15/19 Sold $115,825 +81.8% $36 / Sq Ft
12/10/2018 12/10/18 Pending -- -- --
11/25/2018 11/25/18 For Sale $63,700 -- $20 / 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 $4,383 $254,900 $41,800 $213,100
2022 $2,587 $115,100 $12,300 $102,800
2021 $1,828 $81,600 $9,300 $72,300
2020 $1,816 $83,000 $10,000 $73,000
2019 $3,486 $160,100 $21,800 $138,300
2018 $1,396 $63,700 $21,800 $41,900
2017 $1,409 $63,700 $21,800 $41,900
2016 $1,238 $56,800 $29,000 $27,800
2014 $1,143 $73,400 $16,600 $56,800
2013 $691 $33,300 $6,700 $26,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201851638

Indiana Regional MLS

APN: 02-12-26-254-009.000-074