NOT LISTED FOR SALE

1116 W University Ave Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $141,000 - $162,000

4 Beds
2 Baths
2,256 Sq Ft
$67/Sq Ft Est. Value

Last Sold January 08, 2018

Last sale price $72,000 $32 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $1,040/month

219 Days on Market

Highlights

  • Forced Air Heating System
  • Carpet
  • 4-minute walk to Emerson Memorial Greenspace Park
  • Level Lot

About This Home

As of January 2018

Walking distance to BSU campus and the village, this home is the perfect location. With 4 bedrooms, 2 baths, and 2 kitchens it offers a flexible floor plan as one unit or as a duplex.

Last Agent to Sell the Property

Dan MacDonald

Epique Inc. Listed on: 04/26/2017

Epique Inc.

Last Buyer's Agent

Dan MacDonald

Epique Inc. Listed on: 04/26/2017

Epique Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,440

Year Built

  • Built in 1890

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 45x125
  • Level Lot

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Carpet
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, heating, sewer, water
  • The owner pays for tax
  • Assessor Parcel Number 18-11-09-334-006.000-003

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,440

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1890
  • Age: 127
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: RIVERSIDE ADD 0.0000Acres STR: 092010 IN: 6
  • Parcel Number ID: 18-11-09-334-006.000-003
  • Platted: Yes
  • Amenities: Off Street Parking, Near Walking Trail, Cable Ready
  • Sp Lp Percent: 86.85
  • Monthly Gross Income: 1200
  • Special Features: None

Interior Features

  • Total Sq Ft: 2928
  • Total Finished Sq Ft: 2256
  • Above Grade Finished Sq Ft: 1584
  • Below Grade Finished Sq Ft: 672
  • Below Grade Sq Ft: 672
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Flooring: Carpet
  • Main Level Sq Ft: 912
  • Total Below Grade Sq Ft: 1344
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: Public
  • Annual Insurance Expense: 475
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Muncie Community Schools
  • Elementary School: Westview
  • Middle School: Northside
  • High School: Central

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 45x125
  • Estimated Lot Sq Ft: 10454
  • Estimated Lot Size Acres: 0.24

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Tax
  • Tenant Pays: Electric, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 1200
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 1
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 4
  • Num Of Efficiencies: 2
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 1440

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2017
Closed on
Jan 5, 2018
Sold by
Dubay Daniel G
Bought by
Langeman Michael W
Seller's Agent
Dan MacDonald
Epique Inc.
Buyer's Agent
Dan MacDonald
Epique Inc.
List Price
$82,900
Sold Price
$72,000
Premium/Discount to List
-$10,900
-13.15%
Current Estimated Value
$150,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,678
Avg. Annual Appreciation
10.76%
Original Mortgage
$57,600
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2008
Sold by
Wake Maurice V and Wake Barbara Janet
Bought by
Dubay Daniel G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,958
Interest Rate
6.15%
Mortgage Type
New Conventional
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
Langeman Michael W -- --
Dubay Daniel G -- Youngs Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Langeman Michael W $150,000
Closed Langeman Michael W $57,600
Previous Owner Dubay Daniel G $51,240
Previous Owner Dubay Daniel G $52,958
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2018 01/08/18 Sold $72,000 -13.1% $32 / Sq Ft
12/01/2017 12/01/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $82,900 -- $37 / 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 $2,578 $123,500 $16,200 $107,300
2023 $2,330 $111,100 $13,500 $97,600
2022 $2,140 $101,600 $13,500 $88,100
2021 $1,930 $91,100 $14,100 $77,000
2020 $1,646 $76,900 $12,800 $64,100
2019 $1,550 $72,100 $12,200 $59,900
2018 $1,650 $77,100 $13,500 $63,600
2017 $1,506 $69,900 $12,300 $57,600
2016 $1,440 $66,600 $11,700 $54,900
2014 $1,399 $67,800 $10,800 $57,000
2013 -- $64,600 $10,500 $54,100
Source: Public Records

Agents Affiliated with this Home

  • Dan MacDonald

    Seller's Agent in 2018

    Dan MacDonald

    Epique Inc.

    (765) 748-5583

    65 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 201717739

Indiana Regional MLS

APN: 18-11-09-334-006.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

1116 W University Ave, Muncie, IN

This home is located at 1116 W University Ave, Muncie, IN 47303 since 26 April 2017 and is currently estimated at $150,678, approximately $66 per square foot. This property was built in 1890. 1116 W University Ave is a home located in Delaware County with nearby schools including Muncie Central High School, West 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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