2 months on rocket

616 Mechanic St, Fort Wayne, IN, 46808

$199,999

Home List Price

$2,375*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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616 Mechanic St, Fort Wayne$199,999

Buyer Closing Credits

$2,375*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1920
HeatingNatural Gas, Forced Air
CoolingNone
MLS #202404040
Lot Size0.06 Acres
StatusActive

About 616 Mechanic St

Are you a seasoned investor looking to expand your portfolio or a first-time investor seeking an investment opportunity? Welcome to this fantastic 4-plex in a prime location! Nestled within walking distance to downtown and other amenities, this four-unit property offers convenience and potential for lucrative returns. With three units rented you can start generating income immediately. New roof (Shingles only) in 2020. Home Warranty Included. Schedule your showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Stories: 2

Listing Office:

  • Office Name: CENTURY 21 Bradley Realty, Inc
  • Office Phone: (260) 704-5754
  • Listing Agent: Sara Arevalo

Virtual/3D Tour

  • Virtual Tour: 616 Mechanic St

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Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • Wayne High School, Public District Grades 9-12
  • Portage Middle School, Public District Grades 6-8

Other

Directions Information:

  • Directions: W Main St, Right on Mechanic (Between Boone St & Elm St)

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,999

Tax Information:

  • Annual Amount: $1,607
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Fort Wayne, IN.

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Fort Wayne, IN

City

Med. List Price

$270.7K

Med. Price/SqFt

$145

Avg. Days On Market

38

# of Sold Homes

164

616 Mechanic St vs Fort Wayne

86 DAYS ON ROCKET

+48 Days

$199,999

-$70.7K Less

KEY TAKEAWAY

This property is $70.7K less than the Median List Price in Fort Wayne, IN.

Based on homes listed in April 2024

MLS Details

MLS Information:

  • MLS Number: #202404040

Listing Office:

  • Office Name: CENTURY 21 Bradley Realty, Inc
  • Office Phone: (260) 704-5754
  • Listing Agent: Sara Arevalo

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 12:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 23, 2013Home Sold
$16,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,607$78,400
2019$1,580$73,800
2017$1,398$63,200

History based on county public records data.

Payment Calculator

$1,066

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$666

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Middle School

school-card-donut-6258952
2
/10

  • Portage Middle School

  • 3521 Taylor St

  • 1.69 miles

  • Public District Grades 6-8

High School

school-card-donut-6258953
3
/10

  • Wayne High School

  • 9100 Winchester Rd

  • 5.51 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,260. Residents of Fort Wayne, IN typically earn between $35k-100k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Indiana›Allen County›Fort Wayne›46808›616 Mechanic St

This home is located at 616 Mechanic St in Fort Wayne, IN and zip code 46808 in the Nebraska neighborhood. This home was built in 1920. It has been listed on Rocket Homes since February 08, 2024 and is currently priced at $199,999.

The number of homes for sale in Fort Wayne, IN increased by 122% between March 2024 and April 2024. Listings spent 38 days on the market in April 2024, and had a median list price of $270,788 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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