NOT LISTED FOR SALE

1406 W Main St Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $109,000 - $161,000

5 Beds
2.5 Baths
2,512 Sq Ft
$58/Sq Ft Est. Value

Last Sold August 14, 2023

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

Est. 45% increase in value since last sale

Current estimated payment $982/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 Listed By

Steve Slavin

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

Coldwell Banker Real Estate Group

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
  • Age: 123
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 5
  • Number Above Grade 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
  • Sp Lp Percent: 76.92
  • Year Taxes Payable: 2022
  • 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
  • Price Per Sq Ft: 39.81
  • Basement: Yes
  • Basement Foundation: Full Basement, Unfinished
  • Basement Material: Block
  • Flooring: Finished
  • 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

  • School District: Muncie Community Schools
  • Elementary School: Westview
  • Middle School: Northside
  • High School: Central
  • 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
  • Number Of 3 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

Listed on
Jul 7, 2023
Closed on
Jul 31, 2023
Sold by
Wilbur Thomas L
Bought by
Bogash James
Seller's Agent
Steve Slavin
Coldwell Banker Real Estate Group
Buyer's Agent
Audra Cannon
CRM Properties, Inc
List Price
$130,000
Sold Price
$100,000
Premium/Discount to List
-$30,000
-23.08%
Total Days on Market
4
Views
16
Current Estimated Value
$145,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,069
Avg. Annual Appreciation
23.69%

Purchase Details

Closed on
Sep 24, 2012
Sold by
Wilbur Properties Llc
Bought by
Wilbur Thomas L

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

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
Bogash James $100,000 None Listed On Document
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 Change Sq Ft Price
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

    10 in this area

    450 Total Sales

    Steve Slavin
    Section Image

  • A

    Buyer's Agent in 2023

    Audra Cannon

    CRM Properties, Inc

    (765) 431-9111

    1 in this area

    268 Total Sales

    Audra Cannon
    Section Image
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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

Homes for Sale in Muncie, IN

This home is located at 1406 W Main St, Muncie, IN 47303 since 07 July 2023 and is currently estimated at $145,069, approximately $57 per square foot. This property was built in 1900. 1406 W Main St is a home located in Delaware County with nearby schools including West View Elementary School, Muncie Central High 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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