3707 South Dr Fort Wayne, IN 46815

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3 beds · 2 baths · 1,854 sq ft · Lot Size: 15,468 sq ft · Single Family Home · Glenwood Park
Est. Property Value: $212,020

High Demand Long-Term RentalOwned for Less Than 5 YearsOwner Age 55 - 65

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3707 South Dr is in the Glenwood Park neighborhood of Fort Wayne, IN. It is located in Allen County and ZIP code 46815. This Single Family Home was built in 1962 and is approximately 63 years old. The single family home spans 1854 sq ft with 3 bedrooms and 2 bathrooms and sits on a 15468 sq ft lot. According to public records, it was last sold in 2024 for $112,500 and has a tax-assessed value of $130,200, which is $114 per sq ft. The Glenwood Park area of Fort Wayne has 590 residential homes with an average size of 1668 sq ft. Analyze and compare real estate investment strategies for properties like this home at 3707 South Dr Fort Wayne, IN 46815 with Property Intel by Whitepages.

Owners & Occupancy for 3707 South Dr

This property is owned by Michael C Stout. Owner contact information includes 9 phone numbers and 5 email addresses.

Property Owners

Cell Phone(909) ***-****View Cell Phone
Residence**************
Landline(951) 894-4124
Distance from Property**********
Email Address***********@msn.comView Email
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Property Ownership Information

Purchase DateApril 12, 2024
Property Tax Amount$2,981 in 2023
Purchase Price$112,500

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 49
Resident 2**************
Resident 3*************** age 56
Resident 4*************** age 53
Resident 5***************** age 77

Investment Potential for 3707 South Dr

The property has a current estimated value of $212,020, which is 14% above the neighborhood median, based on public records. It last sold on April 12, 2024 for $113K. Projected long-term
is $31,800 annually ($2,650 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$31,800 per year($2,650 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
94%in 46815 zip code
 
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Property Details for 3707 South Dr

Property Details

Property Sq Ft

Living Area

1,854 sq ft

11% above market

Lot Size

15,468 sq ft

7% above market

Price Per Sq Ft

Living Area

$114 / sq ft

3% above market

Lot Size Area

$14 / sq ft

7% above market

Property condition, age, exterior, etc. for 3707 South…
Longitude: -85.09396 Latitude: 41.114398 Parcel Number (APN): 02-08-29-178-010.000-072…
Mortgage originated on through lender: Geneva Fin'l for$*****View Mortgage Details

Recommended Properties in Glenwood Park

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Market Benchmarks

Compare data for 3707 South Dr in Allen County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$212,020
$209,373
$2,647 (1%)
$******
$300,179
-$36,428 (-12%)
YoY Price Change
****%
3.01%
56%
Year Built
1962
1972
-10 years
Living Space
1,854 sq ft
1,582 sq ft
272 (17%)
$ Per Living Sq Ft
$114
$133
-$19 (-14%)
Lot Size
15,468 sq ft
12,807 sq ft
2661 (21%)
$ Per Lot Sq Ft
$14
$15
-$2 (-11%)

Net Operating Income
$*****
$17,636
$5,368 (30%)
Annual Revenue
$31,800
$24,600
$7,200 (29%)
$****
$6,411
$2,385 (37%)
Net Operating Income
$*****
$17,636
$5,368 (30%)
Cap Rate
****%
8.22%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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