NOT LISTED FOR SALE

821 Nelson St Fort Wayne, IN 46802

West Central Neighborhood

Estimated Value: $318,000 - $390,000

5 Beds
5 Baths
3,621 Sq Ft
$100/Sq Ft Est. Value

Last Sold October 05, 2020

Last sale price $254,000 $70 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,313/month

1 Day on Market

Highlights

  • Wood Flooring
  • Crown Molding
  • Level Lot
  • Built-in Bookshelves
  • Hot Water Heating System
  • Wood Siding

About This Home

As of October 2020

This one time single family home is now a 5 plex and the right opportunity for that person looking to convert this home back to single family or getting an income producing property. There is more to this property than meets the eye. From the original fireplace with built-ins, leaded glass windows, hidden grand entry with Greco Roman pillars and ceiling treatments, coffered ceilings, hardwood floors, pocket door and french doors There are three units on the main floor, each with unique layouts, lots of windows for well lit apartments and lots of room. There are two apartments upstairs. These apartments are larger with flexible floor plans and could be ideal for that landlord that wishes to be on site. The apartments have not been rented to anyone for some time. Rents today could be higher. The owner has replaced the roof and decking since purchasing, replaced boiler, had entire interior painted, replaced screen doors and storm windows, replaced gutters, updated most of the electrical and insulated the entire house.

Last Agent to Sell the Property

Kenson Dhanie

Mike Thomas Assoc., Inc Listed on: 09/04/2020

Mike Thomas Assoc., Inc

Last Buyer's Agent

Kenson Dhanie

Mike Thomas Assoc., Inc Listed on: 09/04/2020

Mike Thomas Assoc., Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,171

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 44x107
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Crown Molding
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for heating, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
  • Assessor Parcel Number 02-12-03-485-014.000-074

Community Details

Overview

  • 5 Units

Building Details

  • 4 Separate Electric Meters
  • Electric Expense $1,600
  • Fuel Expense $2,100
  • Insurance Expense $1,800
  • Maintenance Expense $3,200
  • Trash Expense $360
  • Water Sewer Expense $1,003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,171

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1900
  • Age: 120
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 5
  • Legal Description: S 107 Ft Lot 10 College Place Improvement Co Add
  • Parcel Number ID: 02-12-03-485-014.000-074
  • Platted: Yes
  • Amenities: Built-In Bookcase, Crown Molding
  • Cross Street: Wayne
  • Inside City Limits: Yes
  • Section Number: 107
  • Sp Lp Percent: 101.64
  • Zoning Description: R3
  • Annual Miscellaneous: 900
  • Monthly Gross Income: 2650
  • Special Features: None

Interior Features

  • Total Sq Ft: 7075
  • Total Finished Sq Ft: 3621
  • Above Grade Finished Sq Ft: 3621
  • Above Grade Unfinished Sq Ft: 1727
  • Below Grade Sq Ft: 1727
  • Price Per Sq Ft: 70.15
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Laminate, Wood, Tile
  • Total Below Grade Sq Ft: 1727
  • Number Of Ranges Ovens: 4
  • Number Ttl Rooms Below Grade: 3

Exterior Features

  • Exterior: Brick, Wood
  • Stories: 2

Utilities

  • Heating Fuel: Hot Water
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1600
  • Annual Fuel Expense: 2100
  • Annual Insurance Expense: 1800
  • Annual Maintenance Expense: 3200
  • Annual Trash Expense: 360
  • Annual Water Sewer Expense: 1003
  • Number Electric Meters: 4
  • Number Of W D Hookups: 2

Schools

  • School District: Fort Wayne Community
  • Elementary School: Washington
  • Middle School: Portage
  • High School: Wayne

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 44x107
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11
  • Lot Number: 10

Rental Info

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

Multi Family

  • Gross Monthly Rent: 2650
  • Number Of Dryers: 1
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 5

Tax Info

  • Annual Property Tax: 4171.3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Oct 5, 2020
Sold by
Atkinson Sylvia G
Bought by
Shiriaev George
Seller's Agent
Kenson Dhanie
Mike Thomas Assoc., Inc
Buyer's Agent
Kenson Dhanie
Mike Thomas Assoc., Inc
List Price
$249,900
Sold Price
$254,000
Premium/Discount to List
$4,100
1.64%
Current Estimated Value
$362,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,667
Avg. Annual Appreciation
7.38%

Purchase Details

Closed on
Aug 12, 2003
Sold by
Fairchild Janice L
Bought by
Atkinson Sylvia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,200
Interest Rate
5.62%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Shiriaev George -- Renaissance Title
Atkinson Sylvia G -- Commonwealth/Dreibelbiss Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Atkinson Sylvia G $66,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2020 10/05/20 Sold $254,000 +1.6% $70 / Sq Ft
09/05/2020 09/05/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $249,900 -- $69 / 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 $4,682 $217,600 $59,500 $158,100
2023 $4,682 $204,800 $59,500 $145,300
2022 $4,567 $203,200 $59,500 $143,700
2021 $4,930 $220,100 $56,000 $164,100
2020 $4,191 $191,800 $17,800 $174,000
2019 $4,171 $191,800 $17,800 $174,000
2018 $2,889 $183,600 $17,800 $165,800
2017 $2,930 $183,600 $17,800 $165,800
2016 $2,897 $183,600 $17,800 $165,800
2014 $2,779 $183,600 $17,800 $165,800
2013 $2,958 $183,600 $17,800 $165,800
Source: Public Records

Agents Affiliated with this Home

  • Kenson Dhanie

    Seller's Agent in 2020

    Kenson Dhanie

    Mike Thomas Assoc., Inc

    (260) 249-0778

    3 in this area

    165 Total Sales

    Kenson Dhanie
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Map

Source: Indiana Regional MLS

MLS Number: 202035564

Indiana Regional MLS

APN: 02-12-03-485-014.000-074

Indiana Allen County Fort Wayne 46802 West Central

821 Nelson St, Fort Wayne, IN

This home is located at 821 Nelson St, Fort Wayne, IN 46802 since 04 September 2020 and is currently estimated at $362,667, approximately $100 per square foot. This property was built in 1900. 821 Nelson St is a home located in Allen County with nearby schools including Washington Elementary School, Portage Middle School, and Wayne 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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