NOT LISTED FOR SALE

1407 W Jackson St Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $122,000 - $139,875

4 Beds
2 Baths
1,668 Sq Ft
$78/Sq Ft Est. Value

Last Sold April 24, 2014

Last sale price $65,000 $39 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $935/month

46 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Level Lot
  • Storm Windows

About This Home

As of April 2014

GREAT BSU RENTAL DUPLEX. WAS COMPLETELY REMODELED INSIDE AND OUT ABOUT 12 YEARS AGO. CURRENT RENTS ARE $1175/MONTH THROUGH JULY 31, 2014. 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 1921

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 50x77
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Storm Windows
  • Washer Hookup

Parking

  • Gravel Driveway
  • Paved Parking

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, fuel, sewer, water
  • The owner pays for building insurance, maintenance, tax, trash collection
  • Assessor Parcel Number 181116103014

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $700
  • Maintenance Expense $400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,414

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1921
  • Age: 93
  • Style: Two Story
  • Legal Description: BIRCH ADD LOT 4 |
  • Parcel Number ID: 181116103014
  • Platted: Yes
  • Amenities: Basement, Cable Ready, Porch Covered, Storm Windows, Water Heater Gas, Washer Hook-Up
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 1668
  • Total Finished Sq Ft: 1668
  • Above Grade Finished Sq Ft: 1668
  • Below Grade Sq Ft: 800
  • Price Per Sq Ft: 38.97
  • Basement: Yes
  • Basement Foundation: Full Basement
  • Total Below Grade Sq Ft: 800

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle

Garage/Parking

  • Driveway: Asphalt, Gravel
  • Parking: Gravel, Paved

Utilities

  • Cooling: Central Air
  • 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 Insurance Expense: 700
  • Annual Maintenance Expense: 400

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x77
  • Estimated Lot Sq Ft: 3920
  • Estimated Lot Size Acres: 0.09

Green Features

  • Energy Efficient Windows/Doors: Storm Windows

Rental Info

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

Tax Info

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

Multi Family

  • Number Of Units: 2

MLS Schools

  • High School: Central
  • Middle School: Northside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2024
Sold by
Alc Capital 3 Llc
Bought by
Cardinal Rentals Llc
Current Estimated Value
$129,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,950
Outstanding Balance
$127,245
Interest Rate
6.49%
Mortgage Type
Credit Line Revolving
Estimated Equity
$8,604

Purchase Details

Closed on
Aug 30, 2016
Sold by
Wilson Derek A
Bought by
Alc Capital 3 Llc

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
$65,000
Premium/Discount to List
-$24,900
-27.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%
Original Mortgage
$200,000
Interest Rate
4.41%
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
Cardinal Rentals Llc $120,349 None Listed On Document
Alc Capital 3 Llc -- --
Wilson Derek A -- --
Dane & Derek Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cardinal Rentals Llc $127,950
Previous Owner Dane & Derek Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2014 04/24/14 Sold $65,000 -27.7% $39 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
01/25/2014 01/25/14 For Sale $89,900 -- $54 / 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 $2,816 $135,400 $12,800 $122,600
2023 $2,276 $108,400 $10,700 $97,700
2022 $1,904 $89,800 $10,700 $79,100
2021 $1,850 $87,100 $11,200 $75,900
2020 $1,588 $74,000 $10,700 $63,300
2019 $1,588 $74,000 $10,700 $63,300
2018 $1,640 $73,900 $10,700 $63,200
2017 $1,588 $74,000 $11,300 $62,700
2016 $1,562 $71,800 $10,300 $61,500
2014 $1,539 $74,800 $10,800 $64,000
2013 -- $74,800 $10,800 $64,000
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: 20021379

Indiana Regional MLS

APN: 18-11-16-103-014.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

1407 W Jackson St, Muncie, IN

This home is located at 1407 W Jackson St, Muncie, IN 47303 since 25 January 2014 and is currently estimated at $129,469, approximately $77 per square foot. This property was built in 1921. 1407 W Jackson 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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