21 days on rocket

507 Madison St, Fort Wayne, IN, 46802

$135,000

Home List Price

$1,603*

Closing Credit

6 Bedrooms
2 Full Baths
$63/SqFt
House
Schools Nearby

Location

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507 Madison St, Fort Wayne$135,000

Buyer Closing Credits

$1,603*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1925
HeatingNatural Gas, Forced Air
CoolingCentral Air
FireplaceNone
MLS #202416020
Lot Size0.10 Acres
StatusActive

About 507 Madison St

MOTIVATED SELLER!!! Homeowners and Investors! This updated, 2 story home is perfect to live in, house hack, or use as a duplex if you wish. Property was intended to be converted into a duplex but remained as a single-family. With over 2,000 sqft., 6 bedrooms and 2 full bathrooms divided between the 2 floors and an attached shed, this house will be perfect for that big family who is looking for a spacious home in a convenient location in downtown Fort Wayne or an investor trying to house hack or add a full duplex to their portfolio that is near the Indiana Tech. The house has been updated with plaster flooring, fresh paint throughout the interior and updated bathrooms and kitchen along with a basement that has also been worked on. Come check out this large home sitting in an ever growing area of town close to everything before it’s gone!

Property Details

Property Features

Property Information:

  • Year Built: 1925

Listing Office:

  • Office Name: JM Realty Associates, Inc.
  • Office Phone: (260) 710-9804
  • Listing Agent: Carlos Gonzalez

Interior Features

Interior Information:

  • Flooring Type: Other
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Vinyl

Virtual/3D Tour

  • Virtual Tour: 507 Madison St

Virtual Tour

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • North Side High School, Public District Grades 9-12
  • Lakeside Middle School, Public District Grades 6-8
  • Forest Park Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Turn right from E Jefferson blvd to Monroe St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $135,000
  • Price Per SqFt: $63/SqFt

Tax Information:

  • Annual Amount: $967
  • 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

507 Madison St vs Fort Wayne

21 DAYS ON ROCKET

-17 Days

$135,000

-$135.7K Less

$63/SqFt

-$83 Less

KEY TAKEAWAY

This property is $135.7K less than the Median List Price and $83/SqFt less than other homes in Fort Wayne, IN.

Based on homes listed in April 2024

MLS Details

MLS Information:

  • MLS Number: #202416020

Listing Office:

  • Office Name: JM Realty Associates, Inc.
  • Office Phone: (260) 710-9804
  • Listing Agent: Carlos Gonzalez

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: 5/29/2024, 6:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$967$40,600
2019$1,177$44,400
2017$883$39,900

History based on county public records data.

Payment Calculator

$741

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$471

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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.

Elementary School

school-card-donut-4256530
4
/10

  • Forest Park Elementary School

  • 2004 Alabama Ave

  • 1.38 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4256531
5
/10

  • Lakeside Middle School

  • 2100 Lake Ave

  • 1.40 miles

  • Public District Grades 6-8

High School

school-card-donut-4256532
3
/10

  • North Side High School

  • 475 E State Blvd

  • 1.46 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 $31,279. The majority of Fort Wayne, IN residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 Madison St

What is the listing price of this property?

The listing price of 507 Madison St property is $135,000.

What type of property is this?

The property 507 Madison St is a house located in Fort Wayne, Indiana, 46802.

Is this property for sale now?

Active Listing: 507 Madison St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 507 Madison St are:
Forest Park Elementary School: GreatSchools Rating 4/10
Lakeside Middle School: GreatSchools Rating 5/10
North Side High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $967 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 507 Madison St has 6 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 507 Madison St is 1925.

Rocket Homes›Indiana›Allen County›Fort Wayne›46802›507 Madison St

This home is located at 507 Madison St in Fort Wayne, IN and zip code 46802 in the East Central neighborhood. This home was built in 1925. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 07, 2024 and is currently priced at $135,000.

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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