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2818 1/2 Reed Rd, Fort Wayne, IN, 46815

2beds
1baths
1,050sqft
$499,000
$475price/sqft
$3,301/moest. monthly cost
$132,040/yrincome needed

About This Home

Fabulous Indoor Professional Tennis Facility – Endless Possibilities! You’ll never have to reserve court time again! This incredible indoor tennis facility features professional lighting, a high-quality playing surface, and a comfortable sitting area for spectators. Attached is an amazing full bath with a huge tiled shower and oversized soaking tub—perfect for post-match relaxation. Sitting on 1+ acres and currently zoned residential, this unique property offers exciting potential. The indoor court could easily be converted into pickleball courts, a private gym, exercise facility, or even valuable storage space depending on your needs. At the front of the property sits a house that has been fully gutted—including plumbing, electrical, and more—making it a contractor’s special and a blank canvas for your vision. Additional features include: Wired for an alarm system, Easement to be recorded at closing, allowing seller access to the, fenced-in area, Flexible use options with both indoor and outdoor potential. Whether you're a tennis or pickleball enthusiast, a developer, or someone looking to create a one-of-a-kind retreat, this property is ready for your imagination. Schedule your tour today and explore the possibilities!

Getting Around

19
WalkingCar-Dependent
29
TransitSome Transit
30
BikeSomewhat Bikeable

Schools

3/10
Lane Middle SchoolGrades 6-80.2 mi
7/10

Construction

Condition

  • Year built: 1925

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Aluminum Siding,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: None

Basement

  • Basement: Crawl Space

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Features

  • Ceiling Fan(s),Laminate Counters,Stand Up Shower
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 1,050

Heating & Cooling

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

Interior Area

  • Total structure area: 2,100
  • Total interior livable area: 1,050 sqft

Property

Details

  • Parcel number: 020833104029.001072

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Basketball Court,Court-Recreational,Tennis Court(s)
  • Fencing: None

Lot

  • Lot size: 1.03 Acres
  • Features: Level,City/Town/Suburb
  • Lot size dimensions: 240x170x145x271x119x200x25

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,523$30,276
Home Insurance *$274$3,288
Property Taxes $320$3,840
Electricity $184$2,212
Total$3,301$39,612
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$113,177/yr
40% on housing$99,030/yr
45% on housing$88,026/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 5.1%
5.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$475This listing

vs Other Active Listings

Avg $/sqft

ZIP 46815$119
Allen County$136

vs Homes Sold Last Month

Median $/sqft

ZIP 46815$128
Allen County$139

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-06-04Price change$499,000
2025-03-10Listed for sale$525,000

For Sale by Agent

AgentBradley Stinson
BrokerageNorth Eastern Group Realty

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