For Investors
Established value. Rent-ready. Below comps.
$349,900Price
Investor Snapshot
Priced meaningfully below the neighborhood.
The Estates of Sandy Pointe public-record sales from 2023 to mid-2026 range from $400,000–$450,000, averaging near $442,000. At $349,900, this updated corner-lot home sits well below recent averages — delivering established neighborhood value at a move-in ready price point.
The figures above reflect every recorded The Estates of Sandy Pointe sale in that period. Configurations and sizes vary, and a home in this configuration at this price is uncommon in the subdivision.
Bars scaled relative to the highest recent sale ($450,000). This listing is positioned below the established $400K–$450K sale range.
For Investors That Want Rental Property
A steady long-term rental near major employers.
New stainless steel appliances, HVAC, flooring & paint reduce near-term capex risk.
Projected rent for this home; comparable north-side single-family rentals ask $1,600–$2,400/mo.
Few active single-family rentals on the north side pair early-2000s construction, roughly 1,800 sq ft, and a quiet yard lot this close to major employers.
Rental Comps
What comparable north-side rentals ask.
Asking rents for comparable single-family homes near the Dupont medical corridor cluster between $1,600 and $2,400 per month. A turn-key 3 bedrooms + separate loft home on a cul-de-sac lot sits in the upper half of that band — the loft is a rentable differentiator most comps don't offer.
Bars show the high end of each observed asking-rent range; hover or tap a bar for the full range and property detail. Gold bar is the projected rent for 1906 Kelleys Landing.
Underwriting assumptions
- Projected monthly rent
- $1,900 – $2,150
- Gross annual rent (midpoint $2,025)
- ≈ $24,300
- Gross yield on $349,900
- ≈ 6.9%
- Annual HOA dues
- Very low — single-figure disclosure in property details
- Near-term capex
- Low — recent HVAC, appliances, flooring, paint
Sources
- Zillow — Fort Wayne 46825 rentals
- Rent.com — Fort Wayne houses for rent
- Apartments.com — Fort Wayne 46825 houses
Rent ranges reflect publicly listed asking rents for comparable north-side Fort Wayne homes and are estimates, not guarantees of achievable rent. Verify current comps and expenses independently before underwriting. Listing provided by the homeowner.
Established vs. New Construction
Why a proven neighborhood outperforms a new build.
Established Home in The Estates of Sandy Pointe
- Known resale history — proven $400K–$450K sale band.
- Smart-priced entry — surrounded by higher-valued homes.
- Move-in ready condition — updated appliances, flooring, paint & HVAC.
- Mature trees & large lot — 0.27-acre corner setting.
- Quiet cul-de-sac — pond-side, settled atmosphere.
- Sustained demand — low-turnover, established scarcity.
- Zero hidden costs — move-in ready with window blinds, kitchen appliances, and established landscaping already bought and paid for.
New Development (~10 miles)
- No long-term value history — builder-set pricing.
- Surrounded by cookie-cutter construction that compresses value range.
- Smaller lots, young landscaping.
- Ongoing construction traffic & incomplete amenities.
- Wait times, shifting closing dates.
- Unproven demand cycle.
- Hidden post-closing expenses — budget an extra $10,000–$15,000 for window treatments, lawn seeding, water softeners, and basic appliances not in the builder base price.
"Buy the least expensive house in the best neighborhood you can afford."
At $349,900, this updated corner-lot home sits below recent The Estates of Sandy Pointe sales averaging ~$442K. You get an established neighborhood, a move-in ready home, and a price point with room for equity to grow.