NOT LISTED FOR SALE

903 Lake Ave Fort Wayne, IN 46805

Northside Neighborhood

Estimated Value: $146,385 - $166,000

3 Beds
3 Baths
2,257 Sq Ft
$68/Sq Ft Est. Value

Last Sold June 19, 2020

Last sale price $90,000 $40 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,128/month

29 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • Wood Siding
  • Forced Air Heating System

About This Home

As of June 2020

Investment opportunity. Triplex near downtown. All units currently leased. 1 Efficiency, one bed and a two bed. Owners pays all utilities. Garage for storage. Driveway or curbside parking. Home is being sold as is.

Last Agent to Sell the Property

Mindy Burch

First Choice Housing Listed on: 04/22/2020

Last Buyer's Agent

Scott Pressler

Keller Williams Realty Group

Keller Williams Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,775

Year Built

  • Built in 1905

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 45x110
  • Level Lot

Home Design

  • Triplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for electric, heating, water
  • Assessor Parcel Number 02-12-01-177-015.000-074

Community Details

Overview

  • 3 Units
  • Lake Side / Lakeside Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $960
  • Fuel Expense $1,020
  • Maintenance Expense $1,800
  • Water Sewer Expense $1,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,775

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1905
  • Age: 115
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: S 110' Lot 97 Lakeside Park Addition
  • Parcel Number ID: 02-12-01-177-015.000-074
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 90.91
  • Monthly Gross Income: 1369
  • Year Taxes Payable: 2020
  • Special Features: None

Interior Features

  • Total Sq Ft: 3305
  • Total Finished Sq Ft: 2257
  • Above Grade Finished Sq Ft: 2257
  • Below Grade Sq Ft: 1048
  • Price Per Sq Ft: 39.88
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Flooring: Vinyl, Wood
  • Total Below Grade Sq Ft: 1048
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Wood
  • Stories: 2

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 960
  • Annual Fuel Expense: 1020
  • Annual Maintenance Expense: 1800
  • Annual Water Sewer Expense: 1560

Condo/Co-op/Association

  • Pet Restrictions: Yes

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: 45x110
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Rental Info

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

Multi Family

  • Gross Monthly Rent: 1369
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 1
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 1774.74

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
Apr 22, 2020
Closed on
Jun 18, 2020
Sold by
Nuetra Properties Llc
Bought by
Grate Real Estate Llc
Seller's Agent
Mindy Burch
First Choice Housing
Buyer's Agent
Scott Pressler
Keller Williams Realty Group
List Price
$99,000
Sold Price
$90,000
Premium/Discount to List
-$9,000
-9.09%
Current Estimated Value
$153,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,346
Avg. Annual Appreciation
11.02%
Original Mortgage
$90,000
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 21, 2018
Sold by
Groce Gary Alvin
Bought by
Inpro Rei Llc

Purchase Details

Closed on
Nov 21, 2008
Sold by
Deutsche Bank Trust Company Americas
Bought by
Groce Gary Alvin

Purchase Details

Closed on
Apr 22, 2008
Sold by
Lengerich William M and Sarma Raj
Bought by
Deutsche Bank Trust Co Americas and Bankers Trust Co

Purchase Details

Closed on
Mar 12, 2004
Sold by
All American Leasing
Bought by
Lengerich William M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2002
Sold by
Lengerich William M
Bought by
Sarma Raj

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
10%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 19, 2001
Sold by
Lengerich William M
Bought by
Armstrong Greg Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
10%
Mortgage Type
Seller Take Back
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
Grate Real Estate Llc $90,000 Centurion Land Title Inc
Inpro Rei Llc $60,000 Metropolitan Title Of In Llc
Groce Gary Alvin -- Legacy Title & Escrow Svcs
Deutsche Bank Trust Co Americas $40,800 None Available
Lengerich William M -- Ace Title
Sarma Raj $82,000 --
Armstrong Greg Ryan $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grate Real Estate Llc $108,274
Closed Grate Real Estate Llc $90,000
Previous Owner Groce Gary Alvin $33,600
Previous Owner Lengerich William M $68,000
Previous Owner Sarma Raj $77,000
Previous Owner Armstrong Greg Ryan $81,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2020 06/19/20 Sold $90,000 -9.1% $40 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
04/22/2020 04/22/20 For Sale $99,000 -- $44 / 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 $3,377 $158,800 $22,200 $136,600
2022 $2,948 $131,500 $18,100 $113,400
2021 $2,065 $92,500 $5,200 $87,300
2020 $2,327 $106,600 $6,300 $100,300
2019 $1,775 $81,500 $8,500 $73,000
2018 $2,387 $108,900 $8,500 $100,400
2017 $2,002 $90,500 $8,500 $82,000
2016 $1,377 $63,200 $8,500 $54,700
2014 $1,085 $52,200 $8,500 $43,700
2013 $1,073 $51,700 $8,500 $43,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mindy Burch

    First Choice Housing

    Section Image
  • Scott Pressler

    Buyer's Agent in 2020

    Scott Pressler

    Keller Williams Realty Group

    (260) 341-6666

    4 in this area

    203 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 202014385

Indiana Regional MLS

APN: 02-12-01-177-015.000-074

Indiana Allen County Fort Wayne 46805 Northside

903 Lake Ave, Fort Wayne, IN

This home is located at 903 Lake Ave, Fort Wayne, IN 46805 since 22 April 2020 and is currently estimated at $153,346, approximately $67 per square foot. This property was built in 1905. 903 Lake 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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