NOT LISTED FOR SALE

725 Riverside Ave Fort Wayne, IN 46805

Spy Run Neighborhood

Estimated Value: $141,000 - $153,000

3 Beds
2 Baths
1,204 Sq Ft
$123/Sq Ft Est. Value

Last Sold June 08, 2020

Last sale price $90,000 $75 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,010/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Luxury Vinyl Tile Flooring
  • Level Lot
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System
  • 4-minute walk to Griswold Park

About This Home

As of June 2020

Come check out this great investment opportunity! This well maintained duplex has 2 units, one upper and one lower. Upper unit has its own entrance, 1 bedroom, 1 bath. Main level unit has 2 bedrooms, 1 bath and access to the basement and detached 2 car garage access. Come take a look!

Last Agent to Sell the Property

April West

Scheerer McCulloch Real Estate Listed on: 05/05/2020

Last Buyer's Agent

Justin Books

Perfect Location Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,029

Year Built

  • Built in 1900

Lot Details

  • 5,680 Sq Ft Lot
  • Lot Dimensions are 40x142
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Crawl Space

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Forest Park Elementary School
  • Lakeside Middle School
  • North Side High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable, cooling
  • The owner pays for electric, lawn maintenance, maintenance, snow removal, sewer, water
  • Assessor Parcel Number 02-07-36-353-048.000-074

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1,100
  • Water Sewer Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,029

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 120
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: SEE TAX RECORDS.
  • Parcel Number ID: 02-07-36-353-048.000-074
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Cable Ready, Water Heater Gas
  • Location: City/Town/Suburb
  • Sp Lp Percent: 90.09
  • Monthly Gross Income: 1250
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 1694
  • Total Finished Sq Ft: 1204
  • Above Grade Finished Sq Ft: 1204
  • Below Grade Sq Ft: 490
  • Price Per Sq Ft: 74.75
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Flooring: Carpet, Vinyl Tile
  • Total Below Grade Sq Ft: 490
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air, Wall AC
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1100
  • Annual Water Sewer Expense: 1500
  • Number Of W D Hookups: 2

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40x142
  • Estimated Lot Sq Ft: 5680
  • Estimated Lot Size Acres: 0.1304
  • Lot Number: 23

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1250
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1029

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
May 5, 2020
Closed on
Jun 8, 2020
Sold by
Wcc Properties Llc
Bought by
Govardman Nicholas P and Govardman Emily J
Seller's Agent
April West
Scheerer McCulloch Real Estate
Buyer's Agent
Justin Books
Perfect Location Realty
List Price
$99,900
Sold Price
$90,000
Premium/Discount to List
-$9,900
-9.91%
Current Estimated Value
$151,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,667
Avg. Annual Appreciation
10.25%
Original Mortgage
$67,500
Outstanding Balance
$60,490
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$88,843

Purchase Details

Listed on
May 5, 2020
Closed on
Apr 22, 2020
Sold by
Kline Jeremy and Kline Kelly
Bought by
Wcc Properties Llc
Seller's Agent
April West
Scheerer McCulloch Real Estate
Buyer's Agent
Justin Books
Perfect Location Realty
List Price
$99,900
Sold Price
$90,000
Premium/Discount to List
-$9,900
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Outstanding Balance
$60,490
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$88,843

Purchase Details

Listed on
Feb 26, 2017
Closed on
Oct 20, 2017
Sold by
Clifford Larry M
Bought by
Kelly Kline
Seller's Agent
Vicki Roy
Keller Williams Realty Group
Buyer's Agent
Andrew Kershner
Mike Thomas Assoc., Inc
List Price
$49,000
Sold Price
$46,000
Premium/Discount to List
-$3,000
-6.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.20%
Original Mortgage
$32,200
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 26, 2017
Closed on
Oct 18, 2017
Sold by
Clifford Larry M
Bought by
Kline Jeremy and Kline Kelly
Seller's Agent
Vicki Roy
Keller Williams Realty Group
Buyer's Agent
Andrew Kershner
Mike Thomas Assoc., Inc
List Price
$49,000
Sold Price
$46,000
Premium/Discount to List
-$3,000
-6.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,200
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 20, 2008
Sold by
Niemeyer Jon K and Wyss James G
Bought by
Clifford Larry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,058
Interest Rate
5.87%
Mortgage Type
FHA
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
Govardman Nicholas P $90,000 Fidelity National Ttl Co Llc
Wcc Properties Llc $40,000 Trademark Title Co
Kelly Kline $46,000 --
Kline Jeremy -- Metropolitan Title Of In
Clifford Larry M -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Govardman Nicholas P $67,500
Open Govardman Nicholas P $367,500
Closed Wcc Properties Llc $40,000
Previous Owner Kline Jeremy $32,200
Previous Owner Clifford Larry M $44,058
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2020 06/08/20 Sold $90,000 -9.9% $75 / Sq Ft
05/07/2020 05/07/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $99,900 +117.2% $83 / Sq Ft
10/24/2017 10/24/17 Sold $46,000 -6.1% $38 / Sq Ft
09/10/2017 09/10/17 Pending -- -- --
02/26/2017 02/26/17 For Sale $49,000 -- $41 / 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 $2,206 $120,800 $23,500 $97,300
2022 $1,926 $85,700 $11,500 $74,200
2021 $1,608 $71,800 $17,500 $54,300
2020 $1,062 $48,800 $4,900 $43,900
2019 $1,091 $47,500 $4,900 $42,600
2018 $1,093 $47,400 $4,900 $42,500
2017 $655 $29,900 $4,600 $25,300
2016 $1,051 $48,500 $4,900 $43,600
2014 $642 $31,000 $4,900 $26,100
2013 $1,160 $56,000 $4,800 $51,200
Source: Public Records

Agents Affiliated with this Home

  • April West

    Seller's Agent in 2020

    April West

    Scheerer McCulloch Real Estate

    (260) 415-1197

    2 in this area

    296 Total Sales

    Section Image

  • J

    Buyer's Agent in 2020

    Justin Books

    Perfect Location Realty

    Section Image

  • V

    Seller's Agent in 2017

    Vicki Roy

    Keller Williams Realty Group

    (260) 750-6184

    28 Total Sales

    Section Image
  • Andrew Kershner

    Buyer's Agent in 2017

    Andrew Kershner

    Mike Thomas Assoc., Inc

    (260) 602-0757

    43 Total Sales

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202015670

Indiana Regional MLS

APN: 02-07-36-353-048.000-074

Indiana Allen County Fort Wayne 46805 Spy Run

725 Riverside Ave, Fort Wayne, IN

This home is located at 725 Riverside Ave, Fort Wayne, IN 46805 since 05 May 2020 and is currently estimated at $148,000, approximately $122 per square foot. This property was built in 1900. 725 Riverside Ave is a home located in Allen County with nearby schools including Forest Park Elementary School, Lakeside 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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