NOT LISTED FOR SALE

1415 N Locust St Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $96,000 - $145,000

4 Beds
2 Baths
1,662 Sq Ft
$76/Sq Ft Est. Value

Last Sold March 23, 2020

Last sale price $64,000 $39 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $963/month

24 Days on Market

Highlights

  • Eat-In Kitchen
  • Baseboard Heating
  • Level Lot

About This Home

As of March 2020

Nice location close to Ball State University and a number of community amenities! Duplex with lower and upper apartments. Both are 2 bedroom and one bath. Off street parking with seller reporting they pay water and sewer which is included in monthly rent of $400 per unit. Unit #1 has an additional room and bath potential. Owner reports recent updates to the property include windows and exterior wrap-roof repairs! Fascia/soffit work.

Last Listed By

Kerry Wiggerly

Berkshire Hathaway Indiana Realty Listed on: 01/21/2020

Berkshire Hathaway Indiana Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,090

Year Built

  • Built in 1941

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 50 x 80
  • Level Lot

HOA Fees

  • $10 per month

Home Design

  • Duplex
  • Slab Foundation
  • Asphalt Roof
  • Block Exterior

Interior Spaces

  • 1,662 Sq Ft Home
  • 2-Story Property
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Gravel Driveway
  • Unpaved Parking
  • Off-Street Parking

Location

  • Suburban Location

Schools

  • Northview Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, tax, trash collection, water
  • Assessor Parcel Number 18-11-09-130-008.000-003

Community Details

Overview

  • $10 Other Monthly Fees
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Water Sewer Expense $58

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,090

Year Built

Built in 1941

Lot Details

0

HOA Fees

$10 per month

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1941
  • Age: 79
  • Style: Two Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: NEELY ADDN.- EX. N. 7SFT LOTS #1 &2- STR=09-20-10
  • Parcel Number ID: 18-11-09-130-008.000-003
  • Platted: Yes
  • Amenities: Off Street Parking, Eat-In Kitchen, Water Heater Gas
  • Cross Street: Rex
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Section Number: 09
  • Sp Lp Percent: 85.35
  • Monthly Gross Income: 800
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 1662
  • Total Finished Sq Ft: 1662
  • Above Grade Finished Sq Ft: 1662
  • Price Per Sq Ft: 38.51
  • Basement Foundation: Slab
  • Number Of Ranges Ovens: 2

Exterior Features

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

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 3
  • Parking: Off Street, Unpaved

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Water Company: Indiana American Water Co
  • Annual Water Sewer Expense: 58
  • Number Electric Meters: 2
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Other Fee Description: Storm & Ditch
  • Other Fees Dollar: 118

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50 X 80
  • Estimated Lot Sq Ft: 3920
  • Estimated Lot Size Acres: 0.09

Rental Info

  • Lease Term: 6 Months
  • Owner Pays: Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 800
  • Number Of Dishwashers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 1090

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
May 6, 2021
Sold by
1Mamproperties Llc
Bought by
Price & Price Enterprises Llc
Total Days on Market
24
Current Estimated Value
$126,184

Purchase Details

Listed on
Jan 21, 2020
Closed on
Mar 23, 2020
Sold by
Handy James C
Bought by
1Mamproperties Llc
Seller's Agent
Kerry Wiggerly
Berkshire Hathaway Indiana Realty
Buyer's Agent
Christy Keeley
Home 2 Home Realty Group
List Price
$74,988
Sold Price
$64,000
Premium/Discount to List
-$10,988
-14.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.65%

Purchase Details

Closed on
Apr 4, 2016
Sold by
Riley Jerry Lee
Bought by
J & M Riley Realty Llc

Purchase Details

Closed on
Feb 28, 2006
Sold by
Wendling Properties Llc
Bought by
Handy James C

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
Price & Price Enterprises Llc $60,000 None Available
1Mamproperties Llc -- None Available
J & M Riley Realty Llc -- --
Handy James C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Price & Price Enterprises Llc $145,500
Previous Owner 1Mam Properties Llc $107,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2020 03/23/20 Sold $64,000 -14.7% $39 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $74,988 -- $45 / 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 $2,974 $142,800 $13,300 $129,500
2023 $2,484 $118,300 $11,100 $107,200
2022 $2,226 $105,400 $11,100 $94,300
2021 $1,476 $67,900 $10,000 $57,900
2020 $1,264 $57,300 $9,100 $48,200
2019 $1,236 $55,900 $9,100 $46,800
2018 $1,208 $54,500 $9,100 $45,400
2017 $1,226 $55,400 $9,200 $46,200
2016 $1,174 $52,800 $8,800 $44,000
2014 $981 $46,400 $8,300 $38,100
2013 -- $46,000 $8,300 $37,700
Source: Public Records

Agents Affiliated with this Home

  • Kerry Wiggerly

    Seller's Agent in 2020

    Kerry Wiggerly

    Berkshire Hathaway Indiana Realty

    (765) 744-2998

    2 in this area

    91 Total Sales

    Kerry Wiggerly
    Section Image
  • Christy Keeley

    Buyer's Agent in 2020

    Christy Keeley

    Home 2 Home Realty Group

    (765) 215-9106

    5 in this area

    221 Total Sales

    Christy Keeley
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202002486

Indiana Regional MLS

APN: 18-11-09-130-008.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

1415 N Locust St, Muncie, IN

Homes for Sale in Muncie, IN

This home is located at 1415 N Locust St, Muncie, IN 47303 since 21 January 2020 and is currently estimated at $126,184, approximately $75 per square foot. This property was built in 1941. 1415 N Locust 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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