1026 Lake Avenue

Local assessors in Fort Wayne, IN have categorized 1026 Lake Avenue as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 6,750 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 450 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1026 Lake Avenue has a total of 1,730 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of asphalt. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. The property was last sold in Apr 15, 2016 for $88,500. That's $25.58 per sqft. Prior to that sales transaction, the property was also sold in Aug 26, 2014 for $72,500. 1026 Lake Avenue was last assessed in 2022. The total value of the property was assessed at $142,000. Specifically, the land the property is located on was valued at $27,000. While improvements on the property were assessed at a total of $115,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,567. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.