NOT LISTED FOR SALE

1001 W Main St Muncie, IN 47305

Old West End Neighborhood

Estimated Value: $25,000 - $132,000

3 Beds
2 Baths
1,536 Sq Ft
$49/Sq Ft Est. Value

Last Sold August 30, 2017

Last sale price $10,000 $7 Per Sq Ft

Est. 647% increase in value since last sale

Current estimated payment $403/month

154 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating System
  • Level Lot
  • Double Pane Windows
  • Energy-Efficient Windows
  • Wood Siding

About This Home

As of August 2017

Good investment property located downtown Muncie. This duplex has 2 units one downstairs unit and 1 upstairs. 1st floor unit is rented for $450 per month with tenants who have lived there for years. Upstairs rents for $550 per month but, is vacant at this time, but, is ready to rent. Plenty of off street parking! You could live in one unit and rent the other!! Call today!

Last Agent to Sell the Property

Michael Lambert

Leading Home Realty Listed on: 03/24/2017

Last Buyer's Agent

Lisa Buckner

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Level Lot

Home Design

  • Duplex
  • Brick Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Laminate Countertops
  • Washer Hookup

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Southview Elementary School
  • Southside Middle School
  • Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • Energy-Efficient Windows
  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for heating, trash collection
  • Assessor Parcel Number 18-11-09-384-003.000-003

Community Details

Overview

  • 2 Units

Building Details

  • Electric Expense $1,301
  • Fuel Expense $632
  • Insurance Expense $602
  • Water Sewer Expense $948

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1915
  • Age: 102
  • Style: Two Story
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: L J Jones Add 0.0000 Acres STR 092010 In 10 Out |
  • Parcel Number ID: 18-11-09-384-003.000-003
  • Platted: Yes
  • Amenities: Countertops-Laminate, Porch Covered, Water Heater Electric, Washer Hook-Up
  • Location: City/Town/Suburb
  • Sp Lp Percent: 71.94
  • Monthly Gross Income: 475
  • Year Taxes Payable: 432.00
  • Special Features: None

Interior Features

  • Total Sq Ft: 1680
  • Total Finished Sq Ft: 1536
  • Above Grade Finished Sq Ft: 1536
  • Below Grade Sq Ft: 144
  • Price Per Sq Ft: 6.51
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block, Brick
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 144
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum, Wood
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Water Company: Indiana American Water Co
  • Cable Company: Comcast
  • Annual Electric: 1301
  • Annual Fuel Expense: 632
  • Annual Insurance Expense: 602
  • Annual Water Sewer Expense: 948
  • Number Of W D Hookups: 2

Schools

  • School District: Muncie Community Schools
  • Elementary School: Southview
  • Middle School: Southside
  • High School: Central
  • Elementary School: Southview

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x125
  • Estimated Lot Sq Ft: 6098
  • Estimated Lot Size Acres: 0.14

Green Features

  • Energy Efficient: Windows
  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Heating, Trash Collection
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 475
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 431

MLS Schools

  • High School: Central
  • Middle School: Southside
  • School District: Muncie Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2021
Sold by
Delaware County Commissioner
Bought by
Hernandez Hugo and Hernandez Idalia
Current Estimated Value
$74,667

Purchase Details

Listed on
Mar 24, 2017
Closed on
Aug 30, 2017
Sold by
Mielke Robrt J
Bought by
Wh Housing Solutions Llc
Seller's Agent
Michael Lambert
Leading Home Realty
Buyer's Agent
Lisa Buckner
RE/MAX Real Estate Groups
List Price
$24,900
Sold Price
$10,000
Premium/Discount to List
-$14,900
-59.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.31%
Original Mortgage
$20,500
Interest Rate
3.92%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hernandez Hugo $900 None Available
Wh Housing Solutions Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wh Housing Solutions Llc $20,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2017 08/30/17 Sold $10,000 -59.8% $7 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $24,900 -- $16 / 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 $87 $2,900 $2,900 $0
2023 $72 $2,400 $2,400 $0
2022 $72 $2,400 $2,400 $0
2021 $378 $13,500 $5,600 $7,900
2020 $667 $13,200 $5,600 $7,600
2019 $7,937 $16,200 $5,600 $10,600
2018 $481 $15,700 $5,600 $10,100
2017 $431 $15,900 $5,600 $10,300
2016 $431 $15,900 $5,600 $10,300
2014 $331 $14,400 $5,300 $9,100
2013 -- $13,900 $5,200 $8,700
Source: Public Records

Agents Affiliated with this Home

  • Michael Lambert

    Seller's Agent in 2017

    Michael Lambert

    Leading Home Realty

    (765) 717-4723

    160 Total Sales

    Michael Lambert
    Section Image
  • Lisa Buckner

    Buyer's Agent in 2017

    Lisa Buckner

    RE/MAX

    (765) 215-9665

    4 in this area

    424 Total Sales

    Lisa Buckner
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201712238

Indiana Regional MLS

APN: 18-11-09-384-003.000-003

Indiana Delaware County Muncie 47305 Old West End

1001 W Main St, Muncie, IN

This home is located at 1001 W Main St, Muncie, IN 47305 since 24 March 2017 and is currently estimated at $74,667, approximately $48 per square foot. This property was built in 1915. 1001 W Main St is a home located in Delaware County with nearby schools including Muncie Central High School, South View Elementary 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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