NOT LISTED FOR SALE

Estimated Value: $159,319 - $202,000

5 Beds
2 Baths
2,128 Sq Ft
$84/Sq Ft Est. Value

Last Sold April 26, 2017

Last sale price $102,000 $48 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,223/month

About This Home

As of April 2017

Great return on this 2 unit property blocks from BSU. Unit 1 is currently leased to 4 BSU students thru July for $1200; Unit 2 is leased thru July for $500. Tenants pay electric; owner pays other utilities; Unit 1 has 2 BD, 1 BA on main level and 2 BD and 1 Ba in finished basement; Unit 2 has 1 BD, 1 BA; Unit 1 bedrooms have hardwood floors; 3 separate electric boxes; rubber roof on back is @2 years old; owner updated kitchen @ 2 years. Very well kept rental with good rental history.

Last Agent to Sell the Property

Sharon Strahan

RE/MAX Real Estate Groups Listed on: 04/02/2017

RE/MAX Real Estate Groups

Last Buyer's Agent

Non-BLC Member

MIBOR REALTOR® Association

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,790

Year Built

  • Built in 1928

Lot Details

  • 5,520

Home Design

  • Block Foundation
  • Cedar

Interior Spaces

  • 3-Story Property
  • Basement
  • Crawl Space
  • Fire and Smoke Detector

Additional Features

  • 5,520 Sq Ft Lot
  • Separate Meters

Community Details

  • University Subdivision
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity, insurance
  • The owner pays for gas, taxes, sewer, water
  • Legal Lot and Block 5 / 1
  • Assessor Parcel Number 181108486010000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,790

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: Multi-Level
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1928
  • Lot Size Acres: 0.1267
  • Road Frontage Type: City Street
  • Structure Type: Duplex
  • Subdivision Name: University
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: Yes
  • F H A Certified: No
  • MBR_AttributionContact: sharonstrahan@remax.net
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Crawl Space
  • Levels: Three Or More
  • Owner Pays: Gas, Taxes, Sewer, Water
  • ResoLivingAreaSource: Assessor
  • SqFt Total: 2628

Exterior Features

  • Construction Materials: Cedar
  • Disclosures: Not Applicable
  • Foundation Details: Block
  • List Price: 100000

Garage/Parking

  • Parking Features: Gravel
  • Unit Parking: Unpaved

Utilities

  • Utilities: Cable Connected, Electricity Connected, Gas
  • Cooling: Separate Meters
  • Laundry Features: Common Laundry
  • Security Features: Smoke Alarm
  • Solid Waste: Yes
  • HVAC: gas forced air

Fee Information

  • Expenses: 2466

Lot Info

  • Lot Features: Access
  • Additional Parcels: No
  • Lot Size Sq Ft: 5520
  • Parcel Number: 181108486010000003
  • Acres: <1/4 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Electricity, Insurance

Multi Family

  • Gross Income: 20400
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1790
  • Tax Block: 1
  • Tax Lot: 5
  • Semi Annual Property Tax Amt: 895
  • Tax Exemption: None

MLS Schools

  • Schools: WEST VIEW ELEMENTARY

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 13, 2017
Sold by
Majestic Daniel M
Bought by
Ball State Properties Llc
Total Days on Market
0
Current Estimated Value
$179,080

Purchase Details

Listed on
Apr 2, 2017
Closed on
Apr 26, 2017
Sold by
Heldenbrand Trust
Bought by
Majestic Dan
Seller's Agent
Sharon Strahan
RE/MAX Real Estate Groups
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$100,000
Sold Price
$102,000
Premium/Discount to List
$2,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%
Source: Public Records

Similar Homes in Muncie, IN

  • 921 W Carson St, Muncie, IN 47303

    $159,000

    • 3 Beds
    • 1 Bath
    • 1,242 Sq Ft
    • 921 W Carson St
    • Muncie, IN

    NOTE: A NEW ROOF IS NOW INSTALLED! Excellent home or investment property near the Ball State Campus! This is 1,242 SF of living space, 3 bedrooms (one on the main floor), 1 bath, with ample surface parking in the rear. This is currently leased for $900/mo to July 21, 2025. The tenant pays all utilities. Washer/Dryer is in the basement. Hot water heater is only 1 year old. The furance/AC

    Steve Slavin Coldwell Banker Real Estate Group

    Section Image
  • 520 N Alameda Dr, Muncie, IN 47303

    $139,900

    • 4 Beds
    • 2 Baths
    • 1,853 Sq Ft
    • 520 N Alameda Dr
    • Muncie, IN

    Don't miss this opportunity to add to your investment portfolio!! Check out this affordable duplex near BSU campus. If you've been looking for another rental, don't pass this one up! Brand-new HVAC system installed August 2024!

    Lisa Buckner RE/MAX Real Estate Groups

    Section Image
  • 602 N Mckenzie St, Muncie, IN 47304

    $149,900

    • 3 Beds
    • 2 Baths
    • 1,945 Sq Ft
    • 602 N Mckenzie St
    • Muncie, IN

    Well maintained duplex grossing $1,675/month.

    Ryan Kramer RE/MAX Real Estate Groups

    Section Image
  • 400 E Highland Ave, Muncie, IN 47303

    $199,000

    • 4 Beds
    • 2 Baths
    • 3,272 Sq Ft
    • 400 E Highland Ave
    • Muncie, IN

    Step inside this beautifully remodeled duplex. The home has been renovated from top to bottom with high end materials built to last. The location is one of the best being walking distance to the new YMCA, Minnetrista cultural center, downtown Muncie, and the Cardinal Greenway walking trail. The main level has central air, designer lvp flooring throughout, a dream bathroom with marble tile and

    Ali Starkey RE/MAX Real Estate Groups

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ball State Properties Llc -- --
Majestic Dan -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2017 04/26/17 Sold $102,000 +2.0% $48 / Sq Ft
04/03/2017 04/03/17 Pending -- -- --
04/02/2017 04/02/17 For Sale $100,000 -- $47 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

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 $3,260 $157,600 $15,100 $142,500
2023 $2,734 $131,300 $12,600 $118,700
2022 $2,626 $125,900 $12,600 $113,300
2021 $2,480 $118,600 $12,500 $106,100
2020 $2,102 $99,700 $11,300 $88,400
2019 $2,102 $99,700 $11,300 $88,400
2018 $1,916 $90,400 $11,300 $79,100
2017 $1,874 $88,300 $10,200 $78,100
2016 $1,790 $84,100 $9,700 $74,400
2014 $1,457 $70,700 $7,700 $63,000
2013 -- $67,200 $7,500 $59,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21475885

MIBOR Broker Listing Cooperative®

APN: 18-11-08-486-010.000-003