NOT LISTED FOR SALE

1516 N Wheeling Ave Muncie, IN 47303

Minnetrista Neighborhood

Estimated Value: $165,000 - $222,263

5 Beds
3 Baths
3,902 Sq Ft
$52/Sq Ft Est. Value

Last Sold June 27, 2017

Last sale price $100,000 $26 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $1,258/month

43 Days on Market

Highlights

  • Tudor Architecture
  • Eat-In Kitchen
  • Walk-In Closet
  • Corner Lot
  • Double Pane Windows
  • 3-minute walk to Delaware County Fairgrounds

About This Home

As of June 2017

A great commercial property. Would make a great beauty salon, insurance office, or any other type of office. Great exposure on busy road. Nice signage. Building has 4 apartments that gross $2,130 a month. Also a 2 car garage. Approximately 14 parking spaces. All units have their own meters for electric. All units rented for immediate income. Newer roof, windows, heat, paint, and flooring. Apartments always stay rented. The apartment MORE than pay your business expenses here. Can't get better than that. Owner pays Water/Sewage $150.00/Mo

Last Agent to Sell the Property

Tammy Parker

F.C. Tucker Muncie, REALTORS Listed on: 04/12/2017

F.C. Tucker Muncie, REALTORS

Co-Listed By

Tom Parker

F.C. Tucker Muncie, REALTORS

Last Buyer's Agent

Brad Taflinger

The Taflinger Real Estate Group

The Taflinger Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 88x162
  • Corner Lot
  • Level Lot

Home Design

  • Quadruplex
  • Tudor Architecture
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1.5-Story Property
  • Double Pane Windows

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Partially Carpeted
  • Laminate
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Block Basement Construction

Parking

  • 14 Car Garage
  • Private Parking
  • Gravel Driveway
  • Parking Lot

Location

  • Suburban Location

Utilities

  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for cable, cooling, electric, fuel, heating
  • The owner pays for lawn maintenance, maintenance, sewer, snow removal, tax, water
  • Assessor Parcel Number 18-11-09-205-002.000-003

Community Details

Overview

  • 3 Buildings
  • 4 Units

Amenities

  • Community Storage Space

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Water Sewer Expense $1,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1929
  • Age: 88
  • Style: One and Half Story
  • Architectural Style: Tudor
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: EC Wills Add Ex S 5 Ft pf 10.000 acres STR:092010 In 9-10 Out
  • Parcel Number ID: 18-11-09-205-002.000-003
  • Platted: Yes
  • Amenities: Basement, Fireplace, Storage, Closet(s) Walk-in, Countertops-Laminate, Eat-In Kitchen, Water Heater Electric
  • Location: City/Town/Suburb
  • Sp Lp Percent: 83.4
  • Monthly Gross Income: 2130
  • Special Features: None

Interior Features

  • Total Sq Ft: 4630
  • Total Finished Sq Ft: 3902
  • Above Grade Finished Sq Ft: 3902
  • Below Grade Sq Ft: 728
  • Basement: Yes
  • Basement Foundation: Full Basement, Outside Entrance
  • Basement Material: Block, Poured Concrete
  • Flooring: Carpet, Laminate, Part Carpet, Vinyl Tile
  • Main Level Sq Ft: 2542
  • Total Below Grade Sq Ft: 728
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Aluminum, Stucco, Wood
  • Roof Material: Asphalt, Shingle
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 14
  • Parking: Garage, Gravel, Lot, Paved, Private

Utilities

  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 800
  • Annual Water Sewer Expense: 1800
  • Number Electric Meters: 4
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 88x162
  • Estimated Lot Sq Ft: 14375
  • Estimated Lot Size Acres: 0.33

Green Features

  • Energy Efficient Windows/Doors: Double Pane Windows

Rental Info

  • Lease Term: 1 Year, Negotiable
  • Owner Pays: Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Water
  • Tenant Pays: Cable, Cooling, Electric, Fuel, Heating

Multi Family

  • Gross Monthly Rent: 2130
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 3
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2607.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2017
Closed on
Jun 27, 2017
Sold by
Snyder Homes Inc
Bought by
Stratton Zachary N and Stratton Brittney R
Seller's Agent
Tammy Parker
F.C. Tucker Muncie, REALTORS
Buyer's Agent
Brad Taflinger
The Taflinger Real Estate Group
List Price
$119,900
Sold Price
$100,000
Premium/Discount to List
-$19,900
-16.6%
Current Estimated Value
$201,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,066
Avg. Annual Appreciation
7.47%
Original Mortgage
$160,000
Outstanding Balance
$134,984
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$46,059

Purchase Details

Closed on
May 5, 2008
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Snyder Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
5.88%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 28, 2007
Sold by
Hudson Michael E
Bought by
Federal Home Loan Mortgage Corporation
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
Stratton Zachary N -- --
Snyder Homes Inc -- None Available
Federal Home Loan Mortgage Corporation $109,200 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stratton Zachary N $160,000
Previous Owner Snyder Homes Inc $139,500
Previous Owner Snyder Homes Inc $94,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2017 06/27/17 Sold $100,000 -16.6% $26 / Sq Ft
05/25/2017 05/25/17 Pending -- -- --
04/12/2017 04/12/17 For Sale $119,900 -- $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 $2,367 $100,000 $33,000 $67,000
2023 $2,367 $100,000 $33,000 $67,000
2022 $2,385 $100,800 $33,000 $67,800
2021 $2,268 $95,600 $33,000 $62,600
2020 $2,271 $95,700 $33,000 $62,700
2019 $2,356 $115,700 $33,000 $82,700
2018 $2,349 $115,700 $33,000 $82,700
2017 $2,607 $110,500 $33,000 $77,500
2016 $2,607 $110,500 $33,000 $77,500
2014 $2,636 $114,200 $33,000 $81,200
2013 -- $113,400 $33,000 $80,400
Source: Public Records

Agents Affiliated with this Home

  • Tammy Parker

    Seller's Agent in 2017

    Tammy Parker

    F.C. Tucker Muncie, REALTORS

    (765) 215-5523

    3 in this area

    204 Total Sales

    Tammy Parker
    Section Image

  • T

    Seller Co-Listing Agent in 2017

    Tom Parker

    F.C. Tucker Muncie, REALTORS

  • Brad Taflinger

    Buyer's Agent in 2017

    Brad Taflinger

    The Taflinger Real Estate Group

    (765) 748-2104

    378 Total Sales

    Brad Taflinger
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201715067

Indiana Regional MLS

APN: 18-11-09-205-002.000-003

Indiana Delaware County Muncie 47303 Minnetrista

1516 N Wheeling Ave, Muncie, IN

This home is located at 1516 N Wheeling Ave, Muncie, IN 47303 since 12 April 2017 and is currently estimated at $201,066, approximately $51 per square foot. This property was built in 1929. 1516 N Wheeling Ave is a home located in Delaware County with nearby schools including Muncie Central High School, East Washington Academy, 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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