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520 Lavina St, Fort Wayne, IN, 46802

9beds
7baths
3,913sqft
$1,200,000
$307price/sqft
$8,110/moest. monthly cost
$324,400/yrincome needed

About This Home

Rare Luxury Investment Opportunity – Live in One, Income from Two! Exceptional opportunity to purchase three newer luxury condominiums offered as a package. Perfect for an owner-occupant or investor—live in one unit while generating income from the other two. Built to commercial construction standards with high-end finishes throughout, offering true luxury living. Located just steps from the ballpark, restaurants, pubs, and entertainment, with an easy walk to The Fairfield for duckpin bowling and virtual golf. Each unit features 3 bedrooms and 2–3 baths. The garden-level basement space includes egress windows and partial above-grade exposure and is framed for 3 bedrooms and 2 full baths, with most finishing materials already onsite (flooring not included). Enjoy balconies, porches, a large fenced yard, and abundant off-street parking with potential for future garages. A concrete bunker space offers a unique opportunity for a shared gym or storage. A rare combination of luxury, location, and income potential. Rooms & room sizes only reflect main floor unit. The Tax records reflect 1920 as year of construction, however, the basement and most of the structure was newly constructed in 2006, only a few walls of the 1920 structure remain within the home. Everything has been updated to today's code electrically, mechanically, etc.

Getting Around

88
WalkingVery Walkable
56
TransitGood Transit
68
BikeBikeable

Schools

5/10
4/10
Portage Middle SchoolGrades 6-82.2 mi
3/10
Wayne High SchoolGrades 9-125.0 mi

Construction

Condition

  • Year built: 2006

Materials

  • Roof: Asphalt,Shingle
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Disposal,Dishwasher,Microwave,Refrigerator,Washer/Dryer Stacked,Gas Range,Tankless Water Heater
  • Laundry features: Electric Dryer Hookup,Main Level

Basement

  • Has basement: Yes
  • Basement: Daylight,Full,Partially Finished,Walk-Out Access,Concrete

Bedroom1

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 7
  • Full bathrooms: 7
  • Main level bedrooms: 3

Dining Room

  • Level: Main
  • Area: 160

Features

  • 1st Bdrm En Suite,Breakfast Bar,Ceiling-9+,Tray Ceiling(s),Countertops-Solid Surf,Entrance Foyer,Kitchen Island,Wired for Data,Wiring-Smart Home,Stand Up Shower,Main Level Bedroom Suite,Great Room
  • Door features: Insulated Doors
  • Window features: Insulated Windows,Window Treatments
  • Flooring: Carpet,Laminate,Tile
  • Fireplace features: None
  • Finished area below ground: 1
  • Finished area above ground: 3,912

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,High Efficiency Furnace
  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,817
  • Total interior livable area: 3,913 sqft

Kitchen

  • Level: Main
  • Area: 176

Living Room

  • Level: Main
  • Area: 380

Property

Details

  • Parcel number: 021211139001.000074

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Porch Covered
  • Fencing: Chain Link

Lot

  • Lot size: 9,583 sqft
  • Features: Level,City/Town/Suburb,Landscaped,Near Walking Trail
  • Lot size dimensions: 72 x 136

Parking

  • Parking features: Concrete
  • Has uncovered spaces: Yes

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

  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Tornado

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 $6,067$72,804
Home Insurance *$915$10,980
Property Taxes $770$9,240
Electricity $358$4,304
Total$8,110$97,320
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$278,057/yr
40% on housing$243,300/yr
45% on housing$216,266/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

$307This listing

vs Other Active Listings

Avg $/sqft

ZIP 46802$102
Allen County$136

vs Homes Sold Last Month

Median $/sqft

ZIP 46802$133
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
2026-03-14Listed for sale$1,200,000
2026-02-03Listing removed$1,110,000
2025-12-12Price change$1,110,000
2025-08-29Price change$1,150,000
2025-08-15Price change$1,160,000
2025-08-14Price change$1,170,000
2025-07-11Price change$1,200,000
2025-05-09Price change$1,300,000
2025-03-05Listed for sale$1,350,000
2023-04-14Listing removed$1,415,000
2023-01-04Price change$1,415,000
2022-10-13Listed for sale$1,430,000
2022-04-29Listing removed$872,900
2022-04-04Price change$872,900
2021-10-29Listed for sale$859,900
2019-09-04Listing removed$459,900
2019-05-13Listed for sale$459,900
2016-04-01Sold$19,000
2016-03-26Listed for sale$23,500
2016-03-26Pending sale$23,500
2016-03-25Listed for sale$23,500
2016-03-25Pending sale$23,500
2016-03-24Listed for sale$23,500
2016-03-24Pending sale$23,500
2016-03-22Listed for sale$23,500
2007-07-27Sold$10,500

For Sale by Agent

AgentMelissa M Maddox, North Eastern Group Realty
BrokerageNorth Eastern Group Realty

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