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120 W Washington Boulevard
Fort Wayne, IN 46802
$2,999,900
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
10000
Property Description
Incredible condo above what some will remember as Fort Wayne’s iconic “Thirsty Camel”. Now it is a breath taking home in which no detail was overlooked in the 2 year renovation,wrapping up in 2020. Located just across from the Grand Wayne Center, it is certainly one to see. The grand entrance to 120 W Washington has double doors that open to the original slate staircase ascending between two aged brick walls. If stairs aren’t your thing,a private Schindler elevator (new in 2019)will access all levels of the 10,000 sq ft residence. Once inside, take a moment to take in the open concept of entire 2nd floor, from windows looking out each side of the building to the exposed bricks & beams, its spectacular! The enormous open kitchen has professional grade (and sized) appliances, 2 free standing units (refrigerator & freezer each 49 cu feet), 2 dishwashers, triple basin stainless sink & 21' quartz island. Full butler’s pantry and coffee station are simply a bonus to a kitchen this size. With two sets of 18' folding doors exiting to a 50x30 patio,the outdoors is easily enjoyed just beyond the open kitchen/living areas allowing the majority of the wall to just disappear when open. This open space flows beautifully, thanks to the aged wood floors throughout, historically tall windows (yet all new in 2018), Dutch Made cabinetry and soaring ceilings. A grand open staircase leads to the upper level (the building’s third floor), offering views of both the city & the home's living space below, over sized hallways and roomy vestibules. The primary suite,w/ a sitting area & large bathroom, has walk in shower room w/ hot tub,large walk-through closet and a dressing room/closet with an open niche (follow that brick wall all the way up to see the natural light flow in the windows from the roof). All 5 bedrooms all have private bathrooms and large walk in closets. Staircase off the master leads to an attic on the building’s 4th floor, this massive space has exposed brick, beams, & small port-style windows.This private residence, designed for a family, is also perfect for businesses needing to accommodate guests and/or large parties, as the space is incredible, with large en-suite rooms, and close to so many attractions (restaurants, Grand Wayne, Tin Caps, Embassy, etc).
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1915
MLS Number
202343760
Location
Address
120 W Washington Boulevard
City
Fort Wayne
State
IN
Zip Code
46802
County
ALLEN
Listing
Provider
Keller Williams Realty Group, original listing
Name
Keller Williams Realty Group
Phone
(260) 460-7707
Office Name
Keller Williams Realty Group
Office Phone
(260) 460-7707
Agent Name
James Reecer

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.