NOT LISTED FOR SALE

1406 W Main St Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $113,000 - $169,736

5 Beds
2.5 Baths
2,512 Sq Ft
$60/Sq Ft Est. Value

Last Sold August 14, 2023

Last sale price $100,000 $40 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $975/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Covered Patio or Porch
  • Double Vanity
  • Solid Surface Countertops
  • Double Pane Windows
  • Water Softener is Owned

About This Home

As of August 2023

INVESTMENT OPPORTUNITY, duplex walking distance to BSU and in close proximity to downtown Muncie, the hospital, and more. Both units are currently vacant but are advertised for rent. One side is 3 bedrooms (+ an extra room that could be another bedroom, office, etc) 2 bathrooms with a basement and the other side is 2 bedrooms 1 bathroom. This could also very easily be converted back to a single family home. Some replacement windows, bathroom vanities are newer, and some vinyl replacement. All of the bedrooms are a good size. There is hardwood floors throughout both sides that would look beautiful refinished. With a little TLC this could be the perfect investment to add to your portfolio.

Last Agent to Sell the Property

Steve Slavin

Coldwell Banker Real Estate Group Brokerage Phone: 317-701-5006 Listed on: 07/07/2023

Coldwell Banker Real Estate Group

Last Buyer's Agent

Audra Cannon

CRM Properties, Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,308

Year Built

  • Built in 1900

Lot Details

  • 7,362 Sq Ft Lot
  • Lot Dimensions are 50x147
  • Partially Fenced Property
  • Level Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Double Vanity

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Laundry in Basement

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Schools

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

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Water Heater
  • Water Softener is Owned
  • Cable TV Available

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 18-11-09-359-019.000-003

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,308

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: CALVERT PLACE 1 ADD LOT #11
  • Parcel Number ID: 18-11-09-359-019.000-003
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Cable Ready, Countertops-Solid Surf, Porch Covered, Twin Sink Vanity, Water Heater Gas, Water Softener-Owned, Washer Hook-Up
  • Location: City/Town/Suburb, Near College Campus
  • Special Features: None

Interior Features

  • Total Sq Ft: 3608
  • Total Finished Sq Ft: 2512
  • Above Grade Finished Sq Ft: 2512
  • Below Grade Sq Ft: 1096
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Finished
  • Main Level Sq Ft: 1416
  • Total Below Grade Sq Ft: 1096
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Shingle
  • Fence: Partial
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Off Street, Street

Utilities

  • Heating Fuel: Gas, Baseboard, 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
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

  • Elementary School: Westview

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 50X147
  • Estimated Lot Sq Ft: 7362
  • Estimated Lot Size Acres: 0.169

Green Features

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

Tax Info

  • Annual Property Tax: 2308

Multi Family

  • Number Of Dishwashers: 1
  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 2
  • Num Of2 Bedrooms: 1

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2012
Sold by
Wilbur Properties Llc
Bought by
Wilbur Thomas L
Current Estimated Value
$151,684

Purchase Details

Closed on
Jul 9, 2007
Sold by
Wilbur Thomas L
Bought by
Wilbur Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,700
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2007
Sold by
Greather Muncie Inc
Bought by
V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,700
Interest Rate
6.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Wilbur Thomas L -- None Available
Wilbur Properties Llc -- None Available
V -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner V $73,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2023 08/14/23 Sold $100,000 -23.1% $40 / Sq Ft
07/11/2023 07/11/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $130,000 -- $52 / 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 $2,124 $148,800 $15,600 $133,200
2023 $2,636 $126,400 $13,000 $113,400
2022 $2,362 $112,700 $13,000 $99,700
2021 $2,006 $94,900 $13,500 $81,400
2020 $2,205 $87,600 $12,200 $75,400
2019 $1,968 $93,000 $12,200 $80,800
2018 $1,966 $92,900 $12,200 $80,700
2017 $1,800 $84,600 $10,700 $73,900
2016 $1,730 $81,100 $10,700 $70,400
2014 $1,569 $76,300 $10,500 $65,800
2013 -- $77,000 $10,500 $66,500
Source: Public Records

Agents Affiliated with this Home

  • Steve Slavin

    Seller's Agent in 2023

    Steve Slavin

    Coldwell Banker Real Estate Group

    (317) 701-5006

    7 in this area

    419 Total Sales

    Steve Slavin
    Section Image

  • A

    Buyer's Agent in 2023

    Audra Cannon

    CRM Properties, Inc

    (765) 431-9111

    1 in this area

    243 Total Sales

    Audra Cannon
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202323621

Indiana Regional MLS

APN: 18-11-09-359-019.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

1406 W Main St, Muncie, IN

Not Listed for Sale

MultiFamily

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.

Nearby Homes