NOT LISTED FOR SALE

1324 W Gilbert St Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $159,000 - $170,000

3 Beds
3 Baths
1,905 Sq Ft
$87/Sq Ft Est. Value

Last Sold April 24, 2014

Last sale price $75,000 $39 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $1,088/month

46 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Level Lot
  • 1-Story Property

About This Home

As of April 2014

EXCELLENT RENTAL CLOSE TO BSU VILLAGE. HOME HAS 1 STUDIO APT AND (2) TWO BEDROOM APTS. HOME IS MUCH LARGER THAN IT APPEARS FROM FRONT. ALL 3 UNITS CURRENTLY LEASED FOR TOTAL OF $1625 PER MONTH. OWNER IS LICENSED BROKER IN INDIANA.

Last Agent to Sell the Property

Rob Wardrop

Cardinal Realty Group Listed on: 01/25/2014

Last Buyer's Agent

Rob Wardrop

Cardinal Realty Group Listed on: 01/25/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,414

Year Built

  • Built in 1951

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 47x125
  • Level Lot

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Stone Exterior Construction

Interior Spaces

  • 1,905 Sq Ft Home
  • 1-Story Property

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Porch

Schools

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

Utilities

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

Listing and Financial Details

  • The owner pays for building insurance, electric, fuel, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 1109353025000

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $1,064
  • Fuel Expense $1,443
  • Insurance Expense $900
  • Maintenance Expense $300
  • Water Sewer Expense $1,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,414

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1951
  • Age: 63
  • Style: One Story
  • Legal Description: M H BLDRS LOT26 |
  • Parcel Number ID: 1109353025000
  • Platted: Yes
  • Amenities: Cable Ready, Porch Open, Water Heater Gas
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1905
  • Total Finished Sq Ft: 1905
  • Above Grade Finished Sq Ft: 1905
  • Price Per Sq Ft: 39.37
  • Basement Foundation: Slab

Exterior Features

  • Exterior: Aluminum, Stone
  • Roof Material: Shingle

Garage/Parking

  • Driveway: Asphalt
  • Parking: Paved

Utilities

  • 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 Electric: 1064
  • Annual Fuel Expense: 1443
  • Annual Insurance Expense: 900
  • Annual Maintenance Expense: 300
  • Annual Water Sewer Expense: 1010

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 47x125
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Rental Info

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

Tax Info

  • Total Assessed Value: 74800
  • Annual Property Tax: 1414

Multi Family

  • Number Of Units: 3

MLS Schools

  • High School: Central
  • Middle School: Northside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2023
Sold by
Alc Capital 3 Llc
Bought by
3 Brothers Campus Properties Llc
Current Estimated Value
$166,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,362
Outstanding Balance
$351,654
Interest Rate
6.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$185,654

Purchase Details

Closed on
Dec 18, 2019
Sold by
Alc Capital Llc
Bought by
Alc Capital 3 Llc

Purchase Details

Closed on
Sep 2, 2015
Sold by
Dane & Derek Llc
Bought by
Alc Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,200,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2014
Closed on
Apr 24, 2014
Sold by
Wardrop Robert W
Bought by
Dane & Derek Llc
Seller's Agent
Rob Wardrop
Cardinal Realty Group
Buyer's Agent
Rob Wardrop
Cardinal Realty Group
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
3 Brothers Campus Properties Llc -- None Listed On Document
Alc Capital 3 Llc -- In Title
Alc Capital Llc -- --
Alc Capital Llc -- --
Dane & Derek Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3 Brothers Campus Properties Llc $359,362
Previous Owner Alc Capital Llc $9,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2014 04/24/14 Sold $75,000 -16.6% $39 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
01/25/2014 01/25/14 For Sale $89,900 -- $47 / 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 $2,490 $119,100 $13,700 $105,400
2023 $2,130 $101,100 $11,400 $89,700
2022 $1,914 $90,300 $11,400 $78,900
2021 $1,712 $80,200 $11,800 $68,400
2020 $1,590 $74,100 $10,800 $63,300
2019 $1,630 $76,100 $10,800 $65,300
2018 $1,680 $75,900 $10,800 $65,100
2017 $1,488 $69,000 $9,400 $59,600
2016 $1,432 $66,200 $9,400 $56,800
2014 $1,319 $63,800 $9,200 $54,600
2013 -- $64,300 $9,200 $55,100
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Rob Wardrop

    Cardinal Realty Group

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 20021381

Indiana Regional MLS

APN: 18-11-09-353-025.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

1324 W Gilbert St, Muncie, IN

This home is located at 1324 W Gilbert St, Muncie, IN 47303 since 25 January 2014 and is currently estimated at $166,000, approximately $87 per square foot. This property was built in 1951. 1324 W Gilbert St 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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