NOT LISTED FOR SALE

Estimated Value: $273,000 - $274,000

3 Beds
4 Baths
1,379 Sq Ft
$198/Sq Ft Est. Value

Last Sold March 15, 2013

Last sale price $38,500 $28 Per Sq Ft

Est. 610% increase in value since last sale

Current estimated payment $1,995/month

23 Days on Market

Highlights

  • Waterfront
  • Porch
  • Hot Water Heating System
  • 2 Car Detached Garage
  • Patio
  • The river is a source of water for the property

About This Home

As of March 2013

Investment opportunity in this 4-Plex located on Edgewater Ave., in Fort Wayne. Priced to sell at $49,900.

Last Agent to Sell the Property

Kevin Ewing

Orizon Real Estate, Inc. Listed on: 12/12/2012

Last Buyer's Agent

Deborah Sanders

North Eastern Group Realty

North Eastern Group Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,565

Year Built

  • Built in 1890

Lot Details

  • 6,665 Sq Ft Lot
  • Lot Dimensions are 44x150x44x150
  • Waterfront
  • Level Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Quadruplex
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Carpet
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Patio
  • Porch

Location

  • Suburban Location

Schools

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

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • The river is a source of water for the property
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for alarm, association dues, building insurance, cable, cooling, electric, fuel, heating, lawn maintenance, maintenance, parking, snow removal, sewer, tax, trash collection, water, water softener
  • Assessor Parcel Number 021201181011000074

Community Details

Overview

  • 4 Units
  • Lakeside Park Subdivision

Building Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,565

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1890
  • Age: 123
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: Lot 39 Lakeside Park Add |
  • Parcel Number ID: 021201181011000074
  • Platted: Yes
  • Amenities: Near Walking Trail, Patio Open, Porch Open, Water Heater Gas
  • Cross Street: Anthony Blvd
  • Location: City/Town/Suburb
  • Section Number: 1
  • Sp Lp Percent: 77.15
  • State Id: 02-12-01-181-011.000-074
  • Year Taxes Payable: 2012
  • Special Features: 20

Interior Features

  • Total Sq Ft: 1883
  • Total Finished Sq Ft: 1379
  • Above Grade Finished Sq Ft: 1379
  • Below Grade Sq Ft: 504
  • Price Per Sq Ft: 27.92
  • Basement Foundation: Partial Basement
  • Flooring: Carpet
  • Total Below Grade Sq Ft: 504

Exterior Features

  • Exterior: Vinyl, Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Gas, Hot Water
  • Sewer: City
  • Water Utilities: City
  • Water Type: River
  • Number Electric Meters: 5
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

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, Waterfront
  • Lot Dimensions: 44x150x44x150
  • Estimated Lot Sq Ft: 6665
  • Estimated Lot Size Acres: 0.153
  • Lot Number: 39

Rental Info

  • Owner Pays: Alarm, Association Dues, Building Insurance, Cable, Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Parking, Snow Removal, Sewer, Tax, Trash Collection, Water, Water Softener

Multi Family

  • Number Of Units: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1

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
Dec 12, 2012
Closed on
Mar 14, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Christie Erwin
Seller's Agent
Kevin Ewing
Orizon Real Estate, Inc.
Buyer's Agent
Deborah Sanders
North Eastern Group Realty
List Price
$49,900
Sold Price
$38,500
Premium/Discount to List
-$11,400
-22.85%
Total Days on Market
23
Current Estimated Value
$273,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,000
Avg. Annual Appreciation
17.05%

Purchase Details

Closed on
Nov 14, 2012
Sold by
Edgar Timothy L
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

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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
Christie Erwin -- Statewide Title Company Inc
Federal Home Loan Mortgage Corporation $53,550 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2013 03/15/13 Sold $38,500 -22.8% $28 / Sq Ft
01/04/2013 01/04/13 Pending -- -- --
12/12/2012 12/12/12 For Sale $49,900 -- $36 / 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 $5,565 $276,500 $34,300 $242,200
2022 $4,738 $210,800 $26,400 $184,400
2021 $4,271 $190,700 $9,700 $181,000
2020 $3,891 $177,800 $9,700 $168,100
2019 $3,349 $153,800 $9,700 $144,100
2018 $3,187 $145,400 $9,700 $135,700
2017 $2,697 $121,500 $9,700 $111,800
2016 $1,791 $82,200 $9,700 $72,500
2014 $422 $20,300 $9,700 $10,600
2013 $428 $20,600 $9,700 $10,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201212660

Indiana Regional MLS

APN: 02-12-01-181-011.000-074