$85,000
SOLD MAR 5, 2025
4 Beds
2 Baths
1,884 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$45 Per Sq Ft

29% Below List Price

11 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 4-minute walk to Bloomingdale Park
  • Covered Patio or Porch

About This Home

As of March 2025

Amazing investment opportunity just one block from the upcoming riverfront development! This up-and-down duplex is a work in progress, with all the major exterior updates already completed, including a brand-new roof, windows, and siding. The electric is separately metered for both units, offering ultimate convenience for future tenants or owners. The interior is ready for your finishing touches—let your imagination run wild to design a space that meets your rental income goals, whether for long-term tenants or short-term rentals like Airbnb. Each unit features 2 bedrooms and 1 full bath, with separate furnaces and shared basement access. The property also includes 2 off-street parking spaces accessed from the alley. Prime location, endless potential—this is your chance to invest in a property with huge upside in a growing area!

Last Agent to Sell the Property

Andrew Kershner

Mike Thomas Assoc., Inc Listed on: 01/24/2025

Mike Thomas Assoc., Inc

Last Buyer's Agent

Ben Ruhl

Coldwell Banker Real Estate Gr

Coldwell Banker Real Estate Gr

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 29 x 161
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Vinyl Construction Material

Interior Spaces

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Bloomingdale Elementary School
  • Lakeside Middle School
  • North Side High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating, water
  • The owner pays for building insurance, tax
  • Assessor Parcel Number 02-12-02-105-031.000-074

Community Details

Overview

  • 2 Units
  • Sweetzer Subdivision

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1880
  • Style: Two Story
  • Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: CLARKS ADD E13 LOT 28 W16 OF S 113 & W19.75 OF N48 LOT 29
  • Parcel Number ID: 02-12-02-105-031.000-074
  • Platted: Yes
  • Amenities: Off Street Parking, Patio Covered
  • Special Features: None

Interior Features

  • Total Sq Ft: 2826
  • Total Finished Sq Ft: 1884
  • Above Grade Finished Sq Ft: 1884
  • Below Grade Sq Ft: 942
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Wood
  • Total Below Grade Sq Ft: 942

Exterior Features

  • Exterior: Brick, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Gas
  • Sewer: City
  • Water Utilities: City
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

  • Elementary School: Bloomingdale

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 29 x 161
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Rental Info

  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Electric, Heating, Water

Multi Family

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

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
Apr 26, 2021
Sold by
Ace Properties & Investments Llc
Bought by
A R Properties Llc
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
List Price
$69,900
Sold Price
$45,000
Premium/Discount to List
-$24,900
-35.62%
Current Estimated Value
$142,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,291
Avg. Annual Appreciation
28.02%

Purchase Details

Listed on
Apr 8, 2021
Closed on
Apr 9, 2021
Sold by
Mertens Stephen M and Mertens Steven M
Bought by
Select Property Services Llc
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
List Price
$69,900
Sold Price
$45,000
Premium/Discount to List
-$24,900
-35.62%

Purchase Details

Listed on
Apr 8, 2021
Closed on
Apr 8, 2021
Sold by
Select Property Services Llc
Bought by
Ace Properties & Investments Llc
Seller's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
Buyer's Agent
Brandon Stone
CENTURY 21 Bradley Realty, Inc
List Price
$69,900
Sold Price
$45,000
Premium/Discount to List
-$24,900
-35.62%

Purchase Details

Closed on
Oct 31, 2019
Sold by
Mertens Stephen M
Bought by
Select Property Services Llc

Purchase Details

Closed on
Nov 1, 2015
Sold by
Mertens Steven M
Bought by
Bill Baldillaz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,399
Interest Rate
3.97%
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 $45,000 Centurion Land Title Inc
Warranty Deed -- Centurion Land Title
Warranty Deed $30,000 Centurion Land Title Inc
Warranty Deed $30,000 Centurion Land Title Inc
Contract Of Sale $40,000 None Available
Quit Claim Deed -- --
Contract Of Sale $100,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $83,399 No Value Available
Closed $0 Land Contract Argmt. Of Sale
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/05/2025 03/05/25 Sold $85,000 -14.9% $45 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
02/02/2025 02/02/25 Price Changed $99,900 -16.7% $53 / Sq Ft
01/24/2025 01/24/25 For Sale $119,900 +166.4% $64 / Sq Ft
04/26/2021 04/26/21 Sold $45,000 -18.0% $24 / Sq Ft View Prior Sale
04/21/2021 04/21/21 Pending -- -- --
04/19/2021 04/19/21 Price Changed $54,900 -8.3% $29 / Sq Ft
04/16/2021 04/16/21 Price Changed $59,900 -7.7% $32 / Sq Ft
04/14/2021 04/14/21 Price Changed $64,900 -7.2% $34 / Sq Ft
04/08/2021 04/08/21 For Sale $69,900 -- $37 / 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 $3,473 $150,400 $13,200 $137,200
2022 $3,036 $135,100 $13,200 $121,900
2021 $354 $15,800 $6,400 $9,400
2020 $641 $15,600 $6,400 $9,200
2019 $1,648 $75,700 $6,400 $69,300
2018 $1,550 $70,700 $6,400 $64,300
2017 $1,372 $62,000 $6,400 $55,600
2016 $723 $33,200 $3,600 $29,600
2014 $596 $28,700 $3,200 $25,500
2013 $697 $33,600 $6,400 $27,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202502308

Indiana Regional MLS

APN: 02-12-02-105-031.000-074