NOT LISTED FOR SALE

Estimated Value: $172,000 - $195,174

5 Beds
4 Baths
2,868 Sq Ft
$63/Sq Ft Est. Value

Last Sold August 29, 2017

Last sale price $90,000 $31 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $1,278/month

67 Days on Market

Highlights

  • Covered patio or porch
  • Fenced Yard
  • Storm Windows
  • Walk-In Pantry
  • Eat-In Kitchen
  • Walk-In Closet

About This Home

As of August 2017

Great 4 plex for the investor. 3-1 bedroom, 1-2 bedroom, all have 1 bath. 4 separate amp boxes, and a separate electrical box for the furnace and basement light. Tenants pay their own electrical bills, owner pays water/trash and gas bill. Tenants do not have access to the basement, however the access to the basement is through Apt #3. Vinyl siding, soffits, new sidewalks, in 2006. The water heater is newer. All of the units are rented. Many updates have just been made for the new owners: New tear-off roof , downspout improvement, basement upgrading, new furnace to be installed. These items cost approximately $20,000 that the new owner will enjoy the benefits.

Last Listed By

Mary Campbell

RE/MAX Results Listed on: 05/25/2017

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $903

Year Built

  • Built in 1910

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 43 x 161
  • Fenced Yard
  • Chain Link Fence
  • Level Lot

Home Design

  • Quadruplex
  • Converted Dwelling
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Partially Finished Basement

  • Stone or Rock in Basement
  • Crawl Space

Home Security

  • Storm Windows
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Private Parking
  • Gravel Driveway
  • Parking Lot
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Insulation
  • Energy-Efficient Doors

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Exterior Duct-Work Is Insulated
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel
  • The owner pays for building insurance, heating, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 02-12-02-105-023.000-074

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $191
  • Fuel Expense $1,698
  • Insurance Expense $410
  • Maintenance Expense $125
  • Trash Expense $239
  • Water Sewer Expense $1,330

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$903

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1910
  • Age: 107
  • Style: Two Story
  • Architectural Style: Converted House
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Sweetzers Subdivision
  • Parcel Number ID: 02-12-02-105-023.000-074
  • Platted: Yes
  • Amenities: Basement, Ceiling Fan, Fenced Yard, Off Street Parking, Cable Available, Cable Ready, Closet(s) Walk-in, Countertops-Laminate, Detector-Carbon Monoxide, Detector-Smoke, Eat-In Kitchen, Pantry-Walk In, Porch Covered, Porch Open, Storm Windows, Water Heater Gas
  • Cross Street: Sherman
  • Location: City/Town/Suburb
  • Road Surface: Paved
  • Sp Lp Percent: 97.83
  • Monthly Gross Income: 1380
  • Special Features: None

Interior Features

  • Total Sq Ft: 3560
  • Total Finished Sq Ft: 2868
  • Above Grade Finished Sq Ft: 2868
  • Below Grade Sq Ft: 692
  • Basement: Yes
  • Basement Foundation: Crawl, Partially Finished, Unfinished
  • Basement Material: Poured Concrete, Stone
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Total Below Grade Sq Ft: 692
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Ext. Insulated, Vinyl
  • Roof Material: Asphalt
  • Fence: Chain Link
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Gravel, Lot, Off Street, Private

Utilities

  • Cooling: Window, Multiple Cooling Units
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Hvac: Ceiling Fan
  • Annual Electric: 191
  • Annual Fuel Expense: 1698
  • Annual Insurance Expense: 410
  • Annual Maintenance Expense: 125
  • Annual Trash Expense: 239
  • Annual Water Sewer Expense: 1330
  • Number Electric Meters: 5
  • Number Gas Meters: 5
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks
  • Pet Restrictions: Yes

Schools

  • School District: Fort Wayne Community
  • Elementary School: Bloomingdale
  • Middle School: Northwood
  • High School: North Side

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 43 X 161
  • Estimated Lot Sq Ft: 6534
  • Estimated Lot Size Acres: 0.15
  • Lot Number: 21
  • Zoning: R-1 Residential

Green Features

  • Energy Efficient: Doors, Insulation
  • Energy Efficient Windows/Doors: Insulated Doors, Storm Windows

Rental Info

  • Lease Term: Month to Month, 6 Months
  • Owner Pays: Building Insurance, Heating, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Cable, Cooling, Electric, Fuel

Tax Info

  • Total Assessed Value: 946
  • Annual Property Tax: 903

Multi Family

  • Gross Monthly Rent: 1380
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2017
Closed on
Aug 29, 2017
Sold by
Sherrey Blad
Bought by
Jared Isaak
Seller's Agent
Mary Campbell
RE/MAX Results
Buyer's Agent
Anthony Jones
American Dream Team Real Estate Brokers
List Price
$92,000
Sold Price
$90,000
Premium/Discount to List
-$2,000
-2.17%
Total Days on Market
67
Current Estimated Value
$180,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,391
Avg. Annual Appreciation
9.59%

Range of Values:

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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
Jared Isaak $90,000 --
Isaak Jared $90,000 Metropolitan Title Of In
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2017 08/29/17 Sold $90,000 -2.2% $31 / Sq Ft
07/31/2017 07/31/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $92,000 -- $32 / 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 $3,331 $148,700 $17,400 $131,300
2022 $2,926 $130,200 $17,400 $112,800
2021 $2,614 $116,700 $8,400 $108,300
2020 $1,972 $90,100 $8,400 $81,700
2019 $2,376 $109,100 $8,400 $100,700
2018 $2,227 $101,600 $8,400 $93,200
2017 $962 $43,500 $6,700 $36,800
2016 $948 $43,500 $6,700 $36,800
2014 $904 $43,500 $6,700 $36,800
2013 $903 $43,500 $6,700 $36,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201723463

Indiana Regional MLS

APN: 02-12-02-105-023.000-074