NOT LISTED FOR SALE

Estimated Value: $130,000 - $159,000

4 Beds
2 Baths
1,600 Sq Ft
$90/Sq Ft Est. Value

Last Sold February 26, 2020

Last sale price $80,000 $50 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $943/month

85 Days on Market

About This Home

As of February 2020

Investors don't miss your chance at this money maker located in a hot market that is walking distance to the riverfront development! The upstairs is currently rented to a solid tenant, the downstairs has just been refreshed with new carpet, vinyl plank flooring, fresh paint and is ready to rent! The house features vinyl windows, newer furnaces, 2 gas meters, 2 electric meters and W/D hook ups for both units. Buy now and watch the value grow as several new houses and duplexes are currently being built all around this property!

Last Agent to Sell the Property

brad lemay

Minear Real Estate Listed on: 09/13/2019

Last Buyer's Agent

Bradley Stockamp

Coldwell Banker Real Estate Group

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $540

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 80x50
  • Level Lot

Home Design

  • Duplex
  • Vinyl Construction Material

Interior Spaces

  • 1,600 Sq Ft Home
  • 2.5-Story Property
  • Vinyl Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Bloomingdale Elementary School
  • Lakeside Middle School
  • North Side High School

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for water
  • Assessor Parcel Number 02-12-03-242-001.000-074

Community Details

Overview

  • 2 Units
  • Sweetzer Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $400
  • Maintenance Expense $200
  • Water Sewer Expense $960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$540

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1920
  • Age: 99
  • Style: Two and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: N 77 Ft Lot A Sweetsers Amended Add
  • Parcel Number ID: 02-12-03-242-001.000-074
  • Platted: Yes
  • Amenities: Basement
  • Inside City Limits: Yes
  • Sp Lp Percent: 94.23
  • Monthly Gross Income: 1000
  • Year Taxes Payable: 2018
  • Special Features: None

Interior Features

  • Total Sq Ft: 1600
  • Total Finished Sq Ft: 1600
  • Above Grade Finished Sq Ft: 1600
  • Price Per Sq Ft: 50
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Vinyl
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 1
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 2.5

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 400
  • Annual Maintenance Expense: 200
  • Annual Water Sewer Expense: 960
  • Number Of W D Hookups: 2

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 80x50
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Water
  • Tenant Pays: Electric, Heating

Multi Family

  • Gross Monthly Rent: 1000
  • Number Of Refrigerators: 1
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 540.33

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
Sep 13, 2019
Closed on
Feb 10, 2020
Sold by
Tom Miller Properties Llc
Bought by
Leary Christopher W and Unger David
Seller's Agent
brad lemay
Minear Real Estate
Buyer's Agent
Bradley Stockamp
Coldwell Banker Real Estate Group
List Price
$87,500
Sold Price
$80,000
Premium/Discount to List
-$7,500
-8.57%
Current Estimated Value
$143,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,317
Avg. Annual Appreciation
11.14%
Original Mortgage
$60,000
Outstanding Balance
$53,488
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$89,829

Purchase Details

Listed on
Sep 13, 2019
Closed on
Feb 5, 2020
Sold by
Tom Miller Properties Llc
Bought by
Leary Christopher W and Unger David
Seller's Agent
brad lemay
Minear Real Estate
Buyer's Agent
Bradley Stockamp
Coldwell Banker Real Estate Group
List Price
$87,500
Sold Price
$80,000
Premium/Discount to List
-$7,500
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Outstanding Balance
$53,488
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$89,829

Purchase Details

Closed on
May 9, 2007
Sold by
Citimortgage Inc
Bought by
Tom Miller Properties Llc

Purchase Details

Closed on
Nov 14, 2006
Sold by
Renner John and Renner Elaine
Bought by
Citimortgage Inc

Purchase Details

Closed on
Jun 16, 2004
Sold by
Stanley Nichole and Eckerley Nichole
Bought by
Renner John and Renner Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2003
Sold by
Stanley Brian and Stanley Nichole
Bought by
Stanley Nichole
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
Leary Christopher W -- North American Title
Leary Christopher W $80,000 North American Title Company
Tom Miller Properties Llc $19,100 Transcontinental Title Co
Citimortgage Inc $27,000 None Available
Renner John -- Title Express Inc
Stanley Nichole -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leary Christopher W $60,000
Previous Owner Renner John $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2020 02/26/20 Sold $80,000 -5.8% $50 / Sq Ft
12/07/2019 12/07/19 Pending -- -- --
11/16/2019 11/16/19 Price Changed $84,900 -3.0% $53 / Sq Ft
09/13/2019 09/13/19 For Sale $87,500 -- $55 / 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 $2,021 $85,700 $10,300 $75,400
2022 $1,762 $78,400 $10,400 $68,000
2021 $1,606 $71,700 $5,700 $66,000
2020 $1,772 $81,000 $6,600 $74,400
2019 $1,559 $71,600 $6,600 $65,000
2018 $1,081 $49,300 $4,900 $44,400
2017 $734 $33,200 $3,900 $29,300
2016 $723 $33,200 $3,900 $29,300
2014 $671 $32,300 $4,400 $27,900
2013 $785 $37,800 $7,800 $30,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 201940516

Indiana Regional MLS

APN: 02-12-03-242-001.000-074