A
Seller's Agent in 2022
Adam Gerig
CENTURY 21 Bradley Realty, Inc
(260) 399-1177
2 in this area
38 Total Sales
707 E Paulding Rd Fort Wayne, IN 46816
Mount Vernon Park Neighborhood
4
Beds
4
Baths
3,513
Sq Ft
0.31
Acres
About This Home
As of January 202213 mobile home lots of which 9 are rented and a 4-plex with zoning of CM4. 7 are rented for for $210/month + $34/month surcharge for water/sewer/trash and 2 are parked owned homes that is all inclusive(water/sewer/trash tenant still pays electricity and gas). 4-plex that rents for $1645/month. Over the last 3 years of ownership rents have been increased on the 4-plex without an increase for any of the mobile homes that are under market rents for the area. 3 trailers that currently are unrented and in disrepair are included in sale as well and could be pulled or fixed for addtional monthly income. Gross rents will be over $51k in 2021 with room for growth. Over $15k+ worth of upgrades have been done to park and 4-plex in last year and a half. Current NOI for 2021 would put this at over a 13 cap based YTD numbers.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,560
Year Built
- Built in 1930
Lot Details
- 0.31 Acre Lot
- Lot Dimensions are 146 x 180
- Corner Lot
Parking
- 4 Parking Spaces
Home Design
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Utilities
- Window Unit Cooling System
Listing and Financial Details
- Tenant pays for electric
- The owner pays for building insurance, electric, fuel, lawn maintenance, maintenance, sewer, snow removal, trash collection, water
- Assessor Parcel Number 02-12-24-381-012.000-074
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $111
- Fuel Expense $114
- Insurance Expense $4,000
- Trash Expense $178
- Water Sewer Expense $551
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/07/2022 01/07/22 | Sold | $245,000 | -7.9% | $70 / Sq Ft |
| 09/30/2021 09/30/21 | Pending | -- | -- | -- |
| 09/28/2021 09/28/21 | Price Changed | $265,900 | +2.3% | $76 / Sq Ft |
| 08/26/2021 08/26/21 | For Sale | $259,900 | -- | $74 / 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 | $2,780 | $148,900 | $39,800 | $109,100 |
| 2024 | $4,163 | $121,600 | $39,800 | $81,800 |
| 2022 | $2,535 | $112,800 | $13,300 | $99,500 |
| 2021 | $1,597 | $71,300 | $13,300 | $58,000 |
| 2020 | $1,560 | $71,300 | $13,300 | $58,000 |
| 2019 | $1,409 | $64,700 | $13,500 | $51,200 |
| 2018 | $1,049 | $48,100 | $13,500 | $34,600 |
| 2017 | $1,049 | $47,700 | $13,500 | $34,200 |
| 2016 | $1,028 | $47,400 | $13,500 | $33,900 |
| 2014 | $999 | $48,200 | $13,500 | $34,700 |
| 2013 | $1,384 | $66,800 | $13,500 | $53,300 |
Source: Public Records
Agents Affiliated with this Home
-
Adam Gerig
-
Tempestt Sanders
Buyer's Agent in 2022
Tempestt Sanders
JM Realty Associates, Inc.
(260) 385-9400
3 in this area
74 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202135621
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Based on information submitted to the MLS GRID
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