NOT LISTED FOR SALE

1401 W 14th St Muncie, IN 47302

Thomas Park-Avondale Neighborhood

Estimated Value: $71,518 - $142,000

5 Beds
5 Baths
2,118 Sq Ft
$50/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $62,000 $29 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $692/month

17 Days on Market

Highlights

  • Traditional Architecture
  • Laundry closet
  • Baseboard Heating
  • Double Pane Windows
  • Forced Air Heating System
  • Level Lot

About This Home

As of October 2020

Currently fully leased investment property. Triplex includes 2 units with 2 bedrooms with 1.5 baths each and 1 with 1 bedroom with one bathroom. Rents are $525, $475, and $400 a month. Property is vinyl sided and has replacement windows. There are separate electric meters for each unit. The tenants pay all their own utilities.

Last Agent to Sell the Property

Glenda Perry

CPC Real Estate, LLC Listed on: 08/15/2020

Last Buyer's Agent

Glenda Perry

CPC Real Estate, LLC Listed on: 08/15/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $930

Year Built

  • Built in 1898

Lot Details

  • 5,009 Sq Ft Lot
  • Lot Dimensions are 40 x 125
  • Level Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Partially Finished Basement
  • Block Basement Construction
  • Laundry closet

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 6 Parking Spaces
  • Gravel Driveway
  • Parking Lot

Location

  • Suburban Location

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, heating, sewer, water
  • The owner pays for lawn maintenance
  • Assessor Parcel Number 18-11-21-113-006.000-003

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • Insurance Expense $1
  • Maintenance Expense $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$930

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1898
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Total Bathrooms: 5
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 2
  • Legal Description: CHASE ADD Lot # 148
  • Parcel Number ID: 18-11-21-113-006.000-003
  • Platted: Yes
  • Amenities: Cable Available
  • Cross Street: Hoyt
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Zoning Description: Residential
  • County Zoning: R-1 Residence Zone
  • Special Features: None

Interior Features

  • Total Sq Ft: 3016
  • Total Finished Sq Ft: 2118
  • Above Grade Finished Sq Ft: 2118
  • Below Grade Sq Ft: 898
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Basement Material: Block
  • Flooring: Carpet, Laminate, Vinyl
  • Main Level Sq Ft: 1212
  • Total Below Grade Sq Ft: 898
  • Number Of Disposals: 2
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt
  • Stories: 2

Garage/Parking

  • Driveway: Asphalt, Gravel
  • Number Of Parking Spaces: 6
  • Parking: Lot

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: Public
  • Electric Company: AEP/I&M
  • Gas Company: Vectren Energy
  • Water Company: Indiana American Water Co
  • Annual Insurance Expense: 1
  • Annual Maintenance Expense: 1
  • Number Electric Meters: 3
  • Number Of W D Hookups: 2

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40 x 125
  • Estimated Lot Sq Ft: 5009
  • Estimated Lot Size Acres: 0.115

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

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

Tax Info

  • Annual Property Tax: 930

Multi Family

  • Number Of Dishwashers: 2
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2024
Sold by
Poston Ryan and Akazawa Aimee M
Bought by
Poston Family Trust and Poston
Current Estimated Value
$105,880

Purchase Details

Listed on
Aug 15, 2020
Closed on
Oct 30, 2020
Sold by
Mustard Seed Realty Five Llc
Bought by
Poston Ryan and Akazawa Aimee M
Seller's Agent
Glenda Perry
CPC Real Estate, LLC
Buyer's Agent
Glenda Perry
CPC Real Estate, LLC
List Price
$70,000
Sold Price
$62,000
Premium/Discount to List
-$8,000
-11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.16%

Purchase Details

Closed on
Nov 18, 2016
Sold by
Equity Trust Co
Bought by
Mustard Seed Realty Five Llc

Purchase Details

Listed on
Dec 23, 2011
Closed on
Jun 18, 2012
Sold by
Southwick Bradford L and Southwick Terry N
Bought by
Equity Trust Company and Leslie Griffith Ira
Seller's Agent
Rickie Sipe
Property House, Inc.
Buyer's Agent
Dan MacDonald
List Price
$64,900
Sold Price
$60,000
Premium/Discount to List
-$4,900
-7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%
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
Poston Family Trust -- None Listed On Document
Poston Ryan -- None Available
Mustard Seed Realty Five Llc -- --
Equity Trust Company -- Youngs Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2020 10/30/20 Sold $62,000 -11.4% $29 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/15/2020 08/15/20 For Sale $70,000 +16.7% $33 / Sq Ft
06/18/2012 06/18/12 Sold $60,000 -7.6% $28 / Sq Ft View Prior Sale
04/30/2012 04/30/12 Pending -- -- --
12/23/2011 12/23/11 For Sale $64,900 -- $31 / 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 $1,613 $70,900 $5,000 $65,900
2023 $1,814 $63,100 $4,200 $58,900
2022 $1,349 $55,100 $4,200 $50,900
2021 $1,096 $48,900 $3,300 $45,600
2020 $964 $42,300 $2,300 $40,000
2019 $1,742 $43,300 $3,300 $40,000
2018 $1,078 $48,000 $3,700 $44,300
2017 $982 $43,200 $3,400 $39,800
2016 $940 $41,100 $3,200 $37,900
2014 $935 $44,100 $4,000 $40,100
2013 -- $49,200 $4,000 $45,200
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2020

    Glenda Perry

    CPC Real Estate, LLC

    Section Image

  • R

    Seller's Agent in 2012

    Rickie Sipe

    Property House, Inc.

    Section Image

  • D

    Buyer's Agent in 2012

    Dan MacDonald

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202032742

Indiana Regional MLS

APN: 18-11-21-113-006.000-003

Indiana Delaware County Muncie 47302 Thomas Park-Avondale

1401 W 14th St, Muncie, IN

Not Listed for Sale

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