Seller's Agent in 2019
Tim McCulloch
Scheerer McCulloch Real Estate
(260) 740-6429
5 in this area
352 Total Sales
937 Lake Ave Fort Wayne, IN 46805
Northside NeighborhoodEstimated Value: $233,000 - $257,000
6
Beds
6
Baths
2,413
Sq Ft
$102/Sq Ft
Est. Value
Highlights
- Corner Lot
- Covered Deck
- Carpet
- Covered patio or porch
- Central Air
About This Home
As of January 2019The price stated on this property is the assessed tax value (as a guideline). This property is being sold at public auction on Thursday, December 13, 2018. Auction begins at 5:00 p.m. This property may sell for more or less than the assessed value, depending on the outcome of the auction bidding. Multi-unit rental property in Fort Wayne. Don't miss this opportunity of a lifetime. 4 spectacular rental units available for auction. These rental units generate great cash flow with little effort. Join us auction day for your chance at owning one of these beautiful properties. Visit our website to see additional properties. INVESTMENT OPPORTUNITY | $1,025+ PER MONTH INCOME | SEPARATE ELECTRICAL UTILITIES
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,203
Year Built
- Built in 1905
Lot Details
- 6,752 Sq Ft Lot
- Lot Dimensions are 45 x 150
- Corner Lot
- Level Lot
Home Design
- Brick Foundation
- Poured Concrete
- Shingle Roof
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 2.5-Story Property
- Carpet
- Partially Finished Basement
- Crawl Space
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Parking
- 4 Parking Spaces
- Public Parking
- On-Street Parking
Outdoor Features
- Covered Deck
- Covered patio or porch
Location
- Suburban Location
Utilities
- Central Air
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for cable, cooling, electric
- The owner pays for fuel, lawn maintenance, maintenance, sewer, snow removal, tax, trash collection, water
- Assessor Parcel Number 02-12-01-177-024.000-074
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $375
- Fuel Expense $1,784
- Insurance Expense $262
- Water Sewer Expense $1,344
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 21, 2023
Sold by
937 Lake Trust
Bought by
Brant Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,151,904
Outstanding Balance
$1,080,686
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
-$886,686
Purchase Details
Listed on
Nov 25, 2018
Closed on
Jan 15, 2019
Sold by
Star Financial Bank
Bought by
937 Lake Trust
Seller's Agent
Tim McCulloch
Scheerer McCulloch Real Estate
Buyer's Agent
Abbie Stombaugh
eXp Realty, LLC
List Price
$54,400
Sold Price
$86,100
Premium/Discount to List
$31,700
58.27%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.18%
Original Mortgage
$281,500
Interest Rate
4.7%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brant Llc | -- | None Listed On Document | |
| 937 Lake Trust | $84,000 | Metropolitan Title Of In |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brant Llc | $330,000 | |
| Open | Brant Llc | $1,151,904 | |
| Previous Owner | 937 Lake Trust | $1,300,000 | |
| Previous Owner | 937 Lake Trust | $281,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/17/2019 01/17/19 | Sold | $86,100 | +58.3% | $36 / Sq Ft |
| 12/13/2018 12/13/18 | Pending | -- | -- | -- |
| 11/25/2018 11/25/18 | For Sale | $54,400 | -- | $23 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $3,610 | $190,500 | $23,500 | $167,000 |
| 2023 | $3,610 | $157,900 | $16,600 | $141,300 |
| 2022 | $2,785 | $123,900 | $15,100 | $108,800 |
| 2021 | $2,735 | $122,100 | $6,000 | $116,100 |
| 2020 | $2,333 | $106,600 | $5,600 | $101,000 |
| 2019 | $3,523 | $161,800 | $9,900 | $151,900 |
| 2018 | $1,192 | $54,400 | $9,900 | $44,500 |
| 2017 | $1,203 | $54,400 | $9,900 | $44,500 |
| 2016 | $1,185 | $54,400 | $9,900 | $44,500 |
| 2014 | $1,087 | $52,300 | $9,000 | $43,300 |
| 2013 | $1,086 | $52,300 | $9,000 | $43,300 |
Source: Public Records
Agents Affiliated with this Home
-
-
A
Buyer's Agent in 2019
Abbie Stombaugh
eXp Realty, LLC
(260) 615-2727
1 in this area
5 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 201851656
APN: 02-12-01-177-024.000-074
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