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5521 Gaywood Drive

5521 Gaywood Drive, Fort Wayne, IN 46806
Property in Suburban Heights
Sold Dec 28, 2023
$5,320,000
$4,000,000 by Three Rivers Fcu
Mortgage Due Dec 01, 2024
Sold Jun 26, 2014
$165,500
$132,375 by Iab Financial Bank
Mortgage Due Jun 13, 2019
5521 Gaywood Drive has been categorized by the local assessors in Fort Wayne, IN as a residential type of property. The building on the property was first built in 1968 and is 56 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5521 Gaywood Drive has 960 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,380 ft and across the front of the lot is 670 ft. The area measurement of the land has been determined as 9,246 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 288 sqft. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5521 Gaywood Drive was last sold in Dec 22, 2023 for $5,320,000. According to our calculations, that's $4,262.82 per sqft. Prior to that sales transaction, the property was sold for $165,500 in Jun 13, 2014. Current property owners are expected to pay $674 in taxes per year. The property on 5521 Gaywood Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $30,000. To break that down further, the land itself was valued at $7,900. While improvements to the property were assessed at a total of $22,100. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 288
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 9,246
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 670
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 960
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 960
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: POPULAR ADD
  • Land Acres: 0.212
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: N 1/2 OF E 138 FT OF W 163 FT LOT 9 POPULAR ADD

Ownership

  • Current Owner : WCC PROPERTIES LLC
  • Previous Owner : ARX WAYNE LLC
  • Owner Before Previous Owner: OAK PROPERTIES LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Fort Wayne Community Schools
  • Census Tract: 002300

Geography

  • Assessors Map Reference: 6389-B7
  • District: 0020
  • Section: 24
  • Parcel: 02-12-24-452-004.000-074
  • Lot: 9
  • Municipality: WAYNE TOWNSHIP
  • Latitude: 41.0338
  • Longitude: -85.122

    Address

  • Full Address: 5521 Gaywood Dr
  • Address - House Number: 5521
  • Address - Street Name: Gaywood
  • Address - Suffix Type: Dr
  • State: IN
  • City Name: Fort Wayne
  • Carrier Code: C070
  • 4-Digit Zip Code: 5151
  • Zip Code: 46806

Valuation

    Tax

  • Total Area: 960
  • Tax Year: 2022
  • Tax Amount: $674
  • Tax Rate Code Area: 74

    Appraisal Valuation

  • Standard Deviation: 0.2235
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 92,967
  • High Value: 113,749
  • Low Value: 72,185

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,000,000
  • First Open Lien Mortgage Lender: THREE RIVERS FCU
  • First Open Lien Mortgage Recording Date: Dec 28, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $4,000,000
  • First Open Lien Mortgage Term: 12
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2024

    Market Valuation

  • Market Total Value: $30,000
  • Market Land Value: $7,900
  • Market Improvement Value: $22,100

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $30,000
  • Assessed Land Value: $7,900
  • Assessed Improvements Value: $22,100

    Sales

  • Current Sale Contract Date: Dec 22, 2023
  • Current Sale Recording Date: Dec 28, 2023
  • Current Sale Transaction ID: 11918689425
  • Current Sale Price: $5,320,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 56549
  • Previous Sale Recording Date: Jun 26, 2014
  • Previous Sale Contract Date: Jun 13, 2014
  • Previous Sale Amount: $165,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THREE RIVERS FCU
  • First Mortgage Transaction Date: Dec 28, 2023
  • First Mortgage Loan Amount: $4,000,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Credit Line (Revolving)
  • First Mortgage Loan Due Date: Dec 01, 2024

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: IAB FINANCIAL BANK
  • Previous Mortgage Transaction Date: Jun 26, 2014
  • Previous Mortgage Loan Amount: $132,375
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Jun 13, 2019

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Frequently Asked Questions

What neighborhood is 5521 Gaywood Drive located in?
The 5521 Gaywood Drive is a located in the neighborhood of Suburban Heights in Suburban Heights, Fort Wayne.
What is the average sales price for listings in 5521 Gaywood Drive?
The average sales price for units in 5521 Gaywood Drive is $0 currently.

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