NOT LISTED FOR SALE

7109 Homestead Rd Fort Wayne, IN 46814

Southwest Fort Wayne Neighborhood

Estimated Value: $250,000

42 Beds
42 Baths
27,600 Sq Ft
$9/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $2,600,000 $94 Per Sq Ft

Current estimated payment $1,409/month

196 Days on Market

Highlights

  • Custom Home
  • 1.18 Acre Lot
  • Central Air
  • Summit Middle School Rated A-
  • Patio
  • Level Lot

About This Home

As of October 2023

FIRST MONTH RENT FREE !!!!

Brand-new 2-story townhouse community located in the heart of the highly awarded South West Allen County Schools district. These homes offers an abundance of living space.
The main floor features a large open kitchen, dining/family room area, laundry and a guest bathroom. The second floor comprises a master bedroom with walk in closet and ensuite bathroom, two additional bedrooms and full bathroom, plus a linen storage closet.
- All new kitchen appliances and breakfast bar
- Full sized brand new washer and dryer
- One car garage with remote opener
- Patio

Tenant pays electric.
Mowing and snow removal included.

Small animals are welcome with approval( restrictions apply) and applicable fees.
No smoking. No Section8. All adults must apply separately.

Once approved a Monthly Resident Benefit Package Fee of $10 will apply to the lease.

Last Agent to Sell the Property

Mark Noneman

Noneman Realty Listed on: 12/01/2022

Last Buyer's Agent

Mark Noneman

Noneman Realty Listed on: 12/01/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $30,000

Year Built

  • Built in 2022

Lot Details

  • 1.18 Acre Lot
  • Lot Dimensions are 147 x 351
  • Level Lot

Home Design

  • Custom Home
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 27,600 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 42 Bedrooms

Parking

  • 14 Parking Spaces
  • Driveway
  • Paved Parking

Schools

  • Aboite Elementary School
  • Summit Middle School
  • Homestead High School

Additional Features

  • Patio
  • Suburban Location
  • Central Air

Listing and Financial Details

  • Tenant pays for cooling, electric, heating
  • The owner pays for building insurance, lawn maintenance, maintenance, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 02-11-27-351-003.000-075

Community Details

Overview

  • 14 Units

Building Details

  • Insurance Expense $5,000
  • Maintenance Expense $1,000
  • Trash Expense $2,000
  • Water Sewer Expense $9,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$30,000

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 2022
  • Age: 1
  • Bedrooms: 42
  • Number Above Grade Bedrooms: 42
  • Total Bathrooms: 42
  • Total Full Bathrooms: 28
  • Total Number of Half Bathrooms: 14
  • Legal Description: S 147 Of N 514.5 Ft Of W 8.98 Ch Sw 1/4 Sw 1/4 Ex Pt To County Sec 27 & ex tr S 147 Of 1834.9 of E 200 of W 586.82 SW 1/4 Sec 27
  • Parcel Number ID: 02-11-27-351-003.000-075
  • Platted: Yes
  • Amenities: Patio Open
  • Location: City/Town/Suburb
  • New Construction: Custom
  • Parcel Id2: 02-11-27-351-003.001-075
  • Sp Lp Percent: 100
  • Annual Miscellaneous: 3000
  • Monthly Gross Income: 28000
  • Special Features: NewHome

Interior Features

  • Total Sq Ft: 27600
  • Total Finished Sq Ft: 27600
  • Above Grade Finished Sq Ft: 27600
  • Price Per Sq Ft: 94.2
  • Basement Foundation: Slab
  • Flooring: Mixed

Exterior Features

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

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 14
  • Parking: Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Annual Insurance Expense: 5000
  • Annual Maintenance Expense: 1000
  • Annual Trash Expense: 2000
  • Annual Water Sewer Expense: 9000
  • Number Of W D Hookups: 14

Schools

  • School District: MSD of Southwest Allen Cnty
  • Elementary School: Aboite
  • Middle School: Summit
  • High School: Homestead
  • Elementary School: Aboite

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 147 X 351
  • Estimated Lot Sq Ft: 51597
  • Estimated Lot Size Acres: 1.18

Rental Info

  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Trash Collection, Water
  • Tenant Pays: Cooling, Electric, Heating

Multi Family

  • Gross Monthly Rent: 2800
  • Number Of Units: 14
  • Number Of 3 Bedrooms: 14

Tax Info

  • Annual Property Tax: 30000

MLS Schools

  • High School: Homestead
  • Middle School: Summit
  • School District: MSD of Southwest Allen Cnty

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2022
Closed on
Oct 20, 2023
Sold by
Homestead Office Park Llc
Bought by
Spartan Reserve Llc
Seller's Agent
Mark Noneman
Noneman Realty
Buyer's Agent
Mark Noneman
Noneman Realty
List Price
$2,600,000
Sold Price
$2,600,000
Views
357
Current Estimated Value
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,350,000
Original Mortgage
$2,080,000
Outstanding Balance
$2,040,995
Interest Rate
7.12%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 1, 2022
Closed on
Oct 17, 2023
Sold by
Homestead Office Park Llc
Bought by
Spartan Reserve Llc
Seller's Agent
Mark Noneman
Noneman Realty
Buyer's Agent
Mark Noneman
Noneman Realty
List Price
$2,600,000
Sold Price
$2,600,000
Views
357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,080,000
Outstanding Balance
$2,040,995
Interest Rate
7.12%
Mortgage Type
Construction

Purchase Details

Closed on
May 22, 2020
Sold by
Ragan Duane E
Bought by
Homestead Office Park Llc

Purchase Details

Closed on
May 16, 2020
Sold by
Ragan Duane E and Schaefer Peggy J
Bought by
Homestead Office Park Llc

Purchase Details

Closed on
Oct 17, 2017
Sold by
Homestead Office Park Llc
Bought by
Ragan Duane E and Schaefer Peggy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Interest Rate
3.82%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 8, 2015
Sold by
Homestead Office Park Llc
Bought by
Homestead Office Park Condominium Owners

Purchase Details

Closed on
Dec 15, 2006
Sold by
Huston Janice L and Grimm Janice I
Bought by
Homestead Office Park Llc
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
Spartan Reserve Llc -- None Listed On Document
Spartan Reserve Llc $350,000 None Listed On Document
Homestead Office Park Llc -- None Listed On Document
Homestead Office Park Llc -- None Available
Ragan Duane E -- None Available
Homestead Office Park Condominium Owners -- None Available
Homestead Office Park Llc -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Spartan Reserve Llc $74,000
Open Spartan Reserve Llc $2,080,000
Closed Spartan Reserve Llc $2,080,000
Previous Owner Ragan Duane E $283,000
Previous Owner Homestead Office Park Llc $459,194
Previous Owner Homestead Office Park Llc $590,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 Off Market $1,799 -- --
03/18/2025 03/18/25 Price Changed $1,799 -5.3% $1 / Sq Ft
01/17/2025 01/17/25 Price Changed $1,899 +5.6% $1 / Sq Ft
01/03/2025 01/03/25 Price Changed $1,799 -5.3% $1 / Sq Ft
01/01/2025 01/01/25 Price Changed $1,899 +5.6% $1 / Sq Ft
11/26/2024 11/26/24 Price Changed $1,799 -20.0% $1 / Sq Ft
10/29/2024 10/29/24 Off Market $2,249 -- --
10/08/2024 10/08/24 Off Market $2,249 -- --
09/26/2024 09/26/24 For Rent $2,249 +18.4% --
09/18/2024 09/18/24 Price Changed $1,899 -5.0% $1 / Sq Ft
09/07/2024 09/07/24 Price Changed $1,999 -0.1% $1 / Sq Ft
08/25/2024 08/25/24 Price Changed $2,000 -11.1% $1 / Sq Ft
08/19/2024 08/19/24 Price Changed $2,249 +25.0% $1 / Sq Ft
08/19/2024 08/19/24 For Rent $1,799 -20.0% --
08/15/2024 08/15/24 For Rent $2,249 0.0% --
10/20/2023 10/20/23 Sold $2,600,000 0.0% $94 / Sq Ft
06/15/2023 06/15/23 Pending -- -- --
12/01/2022 12/01/22 For Sale $2,600,000 -- $94 / 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 $919 $324,900 $324,900 --
2022 $327 $12,400 $12,400 $0
2021 $345 $12,400 $12,400 $0
2020 $354 $12,400 $12,400 $0
2019 $389 $13,100 $8,700 $4,400
2018 $398 $13,300 $8,700 $4,600
2017 $3,674 $130,500 $120,900 $9,600
2016 $4,206 $130,500 $120,900 $9,600
2014 $4,055 $129,900 $120,900 $9,000
2013 -- $130,400 $120,900 $9,500
Source: Public Records

Agents Affiliated with this Home

  • Mark Noneman

    Seller's Agent in 2023

    Mark Noneman

    Noneman Realty

    (260) 452-8778

    7 in this area

    40 Total Sales

    Mark Noneman
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Map

Source: Indiana Regional MLS

MLS Number: 202248359

Indiana Regional MLS

APN: 02-11-27-351-003.000-075

Indiana Allen County Fort Wayne 46804 Southwest Fort Wayne

7109 Homestead Rd, Fort Wayne, IN

This home is located at 7109 Homestead Rd, Fort Wayne, IN 46814 since 01 December 2022 and is currently priced at $250,000, approximately $9 per square foot. This property was built in 2022. 7109 Homestead Rd is a home located in Allen County with nearby schools including Lafayette Meadow School, Summit Middle School, and Homestead Senior 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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