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Listing courtesy of Vylla Home · Listing agent: Michael Johnson

Virtual tour
ActiveSite-Built Home

4415 Alverado Drive

$129,900

$94.40 / sq ft

Est. $880/mo

Fort Wayne, IN 46816-1609Southwick Village

  • Bank owned
  • 2-car garage
  • Fireplace
Bedrooms
3
Bathrooms
1.5
Living area
1,376 sq ft
Lot
0.2 ac
Year built
1963
Type
Site-Built Home
Listed
October 22, 2026
MLS #
202643769

About this home

Affordable Opportunity for Investors or Home Buyers – 4415 Alverado Drive, Fort Wayne, IN 46816 This 3-bedroom, 1.5-bath home presents a versatile opportunity for both investors and buyers looking for an affordable home with room to add value. The home features a spacious living area, separate dining space, functional kitchen, enclosed patio/sunroom, and an attached 2-car garage. The floor plan offers comfortable everyday living, while the enclosed patio provides additional space for relaxing, entertaining, or seasonal use. Sold as-is. For an investor, the property offers potential as a rental, buy-and-hold, or light value-add opportunity. For an owner-occupant, it provides the chance to build equity through cosmetic updates and personal improvements over time.

Monthly payment estimate

$880/mo

Principal & interest
$714
Property taxes
$128
Homeowners insurance
$38
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 22, 2026.
  • Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Levels
One
Total rooms
5
Total area
1,376 sq ft
Finished area above grade
1,376 sq ft
Bedrooms above grade
3
Full baths, main level
1
Half baths, main level
1
Basement
Slab
Heating
Gas
Cooling
Central Air
Fireplaces
1
Fireplace features
Fireplace Screen/Door
Laundry
Main Level

Exterior & parking

Construction
Aluminum Siding, Brick
Garage spaces
2
Attached garage
Yes
Garage type
Attached
Garage sq ft
500 sq ft
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Subdivision
Southwick Village
Lot features
Level
Lot size (acres)
0.2 ac
Lot dimensions
70X125
County
Allen County
Township
Adams
Lots
424
Platted
Yes
Planned unit development
No
Directions
Please use gps.

Schools

Elementary school
Southwick
Middle school
Paul Harding
High school
Heritage
School district
East Allen County

Taxes & terms

Annual taxes
$1,535
Tax year
2026
Assessed value
$170,000
Possession
at closing.
Parcel number
02-13-29-202-028.000-077

Utilities

Water
City
Sewer
Public Sewer

Rooms

RoomLevelDimensions
Living RoomMain18 × 12 ft
KitchenMain13 × 9 ft
Breakfast RoomMain13 × 9 ft
Bedroom 1Main14 × 10 ft
Bedroom 2Main9 × 11 ft
Bedroom 3Main11 × 11 ft
Extra Room 1Main11 × 20 ft
LaundryMain—

Location

Loading map...

Schools

School district

East Allen County Schools

From the district boundary map (NCES)

10,061 students · Graduation rate: 93.1% (Indiana 91.8%)

Confirm the schools for this address with East Allen County Schools

  • Grades K–2

    Southwick Elementary School

    Public · Grades PK–2 · 690 students · 0.3 mi away

    As listed by the listing agent

  • Grades 7–8

    Paul Harding Jr High School

    Public · Grades 7–8 · 411 students · 0.4 mi away

    As listed by the listing agent

    English (ILEARN)
    23.6% · Indiana 42%
    Math (ILEARN)
    14.6% · Indiana 42.7%

  • Grades 9–12

    Heritage Jr/Sr High School

    Public · Grades 7–12 · 733 students · 7.3 mi away

    As listed by the listing agent

    Graduation rate
    89.9% · Indiana 91.8%
    SAT reading & writing
    42.8% · Indiana 51.9%
    SAT math
    13.1% · Indiana 25.6%
Public schools nearby (9)
Private schools nearby (3)

Figures: enrollment (2025-26 school year), ILEARN (spring 2026), graduation rate (class of 2025), and SAT (spring 2026).

ILEARN: share of students in grades 3–8 proficient on Indiana's state test. SAT: share of 11th graders meeting the college-readiness benchmark. Distances are in a straight line.

Sources: U.S. Department of Education, NCES Common Core of Data; U.S. Department of Education, NCES EDGE school district boundaries; Indiana Department of Education, Data Center & Reports; U.S. Department of Education, NCES Private School Survey; Indiana Department of Education, Choice Scholarship participating schools.

Indiana Home Match doesn't rate or rank schools. Attendance boundaries change, so confirm with the district before you buy.

Area guide

Living in Fort Wayne

Neighborhoods, schools, cost of living and local housing trends — our guide to life in Fort Wayne.

Read the Fort Wayne guide

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