$110,000
SOLD DEC 28, 2012

100 S Mckinley Ave Muncie, IN 47303

Riverside-Normal City Neighborhood
-- Bed
-- Bath
2,928 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$38 Per Sq Ft

4% Below List Price

5 Days on Market

Highlights

  • Covered patio or porch
  • Forced Air Heating and Cooling System
  • Level Lot
  • Double Pane Windows

About This Home

As of September 2022

Terrific investment property near BSU. Duplex with 4 bedrooms & 2 baths per side. Property is in good condition with newer roof, gutters, and windows. All utilities are split between the 2 sides. With proper management, the investment will produce CAP rates above 18%. Seller will provide additional parking with acceptable offer. Church owned property. No current taxes. Church currently pays all utilities and operates on a school year lease. Utilities are separate for each side and easily transferable to tenants.

Last Agent to Sell the Property

James Kouns

Coldwell Banker Real Estate Group Listed on: 11/01/2012

Last Buyer's Agent

Elise Clark

Berkshire Hathaway Indiana Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,818

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 62x68
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Insulated Windows
  • Basement Fills Entire Space Under The House
  • Washer Hookup

Outdoor Features

  • Covered patio or porch

Schools

  • Westview Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Maintenance Expense $1,779

Listing and Financial Details

  • Tenant pays for electric, fuel, water
  • The owner pays for building insurance, maintenance, sewer, tax, trash collection
  • Assessor Parcel Number 181108490001000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,818

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 114
  • Style: Two Story
  • Legal Description: Thomas Morgan NHLFOF5 NHLFOFWHLFO |
  • Parcel Number ID: 181108490001000
  • Platted: Yes
  • Amenities: Basement, Cable Ready, Patio Open, Porch Covered, Water Heater Gas, Washer Hook-Up
  • Zoning Description: R5
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 2928
  • Total Finished Sq Ft: 2928
  • Above Grade Finished Sq Ft: 2928
  • Below Grade Sq Ft: 838
  • Price Per Sq Ft: 37.57
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Main Level Sq Ft: 1706
  • Total Below Grade Sq Ft: 838

Exterior Features

  • Exterior: Stucco
  • Roof Material: Shingle

Garage/Parking

  • Driveway: Gravel
  • Parking: Gravel

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M, CenterPoint Energy
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Annual Maintenance Expense: 1779

Schools

  • Elementary School: Westview
  • Middle School: Northside
  • High School: Central
  • Elementary School: Westview

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 62x68
  • Estimated Lot Sq Ft: 4356
  • Estimated Lot Size Acres: 0.1

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows, Insulated Glass Windows

Rental Info

  • Owner Pays: Building Insurance, Maintenance, Sewer, Tax, Trash Collection
  • Tenant Pays: Electric, Fuel, Water

Tax Info

  • Total Assessed Value: 99400

Multi Family

  • Number Of Units: 2

MLS Schools

  • High School: Central
  • Middle School: Northside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2022
Closed on
Sep 14, 2022
Sold by
Lsj Heritage Llc
Bought by
Coffin Jessica M
Seller's Agent
Lisa Buckner
RE/MAX Real Estate Groups
Buyer's Agent
Michael Dunn
MADUNN.COM
List Price
$189,900
Sold Price
$184,000
Premium/Discount to List
-$5,900
-3.11%
Views
36
Current Estimated Value
$204,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,076
Avg. Annual Appreciation
4.32%
Original Mortgage
$138,000
Outstanding Balance
$119,802
Interest Rate
4.55%
Mortgage Type
New Conventional
Estimated Equity
$88,031

Purchase Details

Listed on
Feb 14, 2020
Closed on
Mar 13, 2020
Sold by
Javier Lloyd S
Bought by
Lsj Heritage Llc
Seller's Agent
Diana Martin
NonMember MEIAR
Buyer's Agent
Lisa Buckner
RE/MAX Real Estate Groups
List Price
$147,000
Sold Price
$147,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.28%

Purchase Details

Listed on
Feb 14, 2020
Closed on
Mar 5, 2020
Sold by
Quincy Enterprises Llc
Bought by
Javier Lloyd S
Seller's Agent
Diana Martin
NonMember MEIAR
Buyer's Agent
Lisa Buckner
RE/MAX Real Estate Groups
List Price
$147,000
Sold Price
$147,000

Purchase Details

Listed on
Nov 1, 2012
Closed on
Dec 28, 2012
Sold by
The College Avenue United Methodist Chur
Bought by
Quincy Enterprises Llc
Seller's Agent
James Kouns
Coldwell Banker Real Estate Group
Buyer's Agent
Elise Clark
Berkshire Hathaway Indiana Realty
List Price
$114,900
Sold Price
$110,000
Premium/Discount to List
-$4,900
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.12%
Original Mortgage
$88,000
Interest Rate
3.3%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $184,000 --
Quit Claim Deed -- None Available
Warranty Deed -- None Available
Corporate Deed -- Itic
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $61,439 New Conventional
Open $138,000 New Conventional
Previous Owner $75,000 Commercial
Previous Owner $88,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2022 09/15/22 Sold $184,000 -3.1% $63 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $189,900 +29.2% $65 / Sq Ft
03/05/2020 03/05/20 Sold $147,000 0.0% $50 / Sq Ft
02/15/2020 02/15/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $147,000 +33.6% $50 / Sq Ft
12/28/2012 12/28/12 Sold $110,000 -4.3% $38 / Sq Ft
11/06/2012 11/06/12 Pending -- -- --
11/01/2012 11/01/12 For Sale $114,900 -- $39 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,818 $185,500 $15,000 $170,500
2023 $3,054 $147,300 $12,500 $134,800
2022 $2,930 $141,100 $12,500 $128,600
2021 $2,762 $132,700 $12,400 $120,300
2020 $2,338 $111,500 $11,300 $100,200
2019 $2,338 $111,500 $11,300 $100,200
2018 $2,578 $123,500 $11,300 $112,200
2017 $2,532 $121,200 $10,100 $111,100
2016 $2,416 $115,400 $9,600 $105,800
2014 $1,991 $97,400 $7,600 $89,800
2013 -- $92,500 $7,400 $85,100
Source: Public Records

Agents Affiliated with this Home

  • Lisa Buckner

    Seller's Agent in 2022

    Lisa Buckner

    RE/MAX

    (765) 215-9665

    21 in this area

    426 Total Sales

    Section Image

  • M

    Buyer's Agent in 2022

    Michael Dunn

    MADUNN.COM

    (765) 749-5342

    1 in this area

    54 Total Sales

    Section Image

  • D

    Seller's Agent in 2020

    Diana Martin

    NonMember MEIAR

    (765) 747-7197

    29 in this area

    3,849 Total Sales

    Section Image

  • J

    Seller's Agent in 2012

    James Kouns

    Coldwell Banker Real Estate Group

  • E

    Buyer's Agent in 2012

    Elise Clark

    Berkshire Hathaway Indiana Realty

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 20021508

Indiana Regional MLS

APN: 18-11-08-490-001.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

100 S Mckinley Ave, Muncie, IN

This home is located at 100 S Mckinley Ave, Muncie, IN 47303 and is currently priced at $110,000, approximately $37 per square foot. This property was built in 1900. 100 S Mckinley Ave is a home located in Delaware County with nearby schools including West View Elementary School, Muncie Central High School, and Northside Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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