NOT LISTED FOR SALE

1601 W Adams St Muncie, IN 47303

Riverside-Normal City Neighborhood
5 Beds
4 Baths
2,270 Sq Ft
7,405 Sq Ft Lot

Last Sold August 31, 2023

Last sale price $225,000 $99 Per Sq Ft

9 Days on Market

Highlights

  • Eat-In Kitchen
  • Ceiling Fan
  • Baseboard Heating

About This Home

As of August 2023

Don't Miss out on this quadplex, conveniently located near Ball State Campus and Ball Memorial Hospital. With all four units rented through the 2023-2024 school year, this sought-after property offers a total rent of $2,245. Each unit contains its own laundry, kitchen, and living areas making it perfect for anyone seeking comfort and convenience. This property would be a perfect addition of an investment portfolio, or a great opportunity for someone looking to start theirs up.

Last Agent to Sell the Property

Austin Rich

NextHome Elite Real Estate Brokerage Phone: 765-749-4546 Listed on: 07/25/2023

NextHome Elite Real Estate

Last Buyer's Agent

Heather Clemmons

Starr Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,474

Year Built

  • Built in 1898

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x155

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,270 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Parking

  • 6 Parking Spaces
  • Gravel Driveway

Location

  • Suburban Location

Schools

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, fuel, water
  • The owner pays for building insurance, tax
  • Assessor Parcel Number 18-11-16-102-005.000-003

Community Details

Overview

  • 4 Units
  • Mock Subdivision

Building Details

  • Insurance Expense $1,036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,474

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1898
  • Age: 125
  • Style: Two Story
  • Bedrooms: 5
  • Number Above Grade Bedrooms: 5
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: MOCK ADD LOT 11
  • Parcel Number ID: 18-11-16-102-005.000-003
  • Platted: Yes
  • Amenities: Ceiling Fan, Cable Ready, Deck Open, Eat-In Kitchen, Washer Hook-Up
  • Cross Street: Jackson
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 95.95
  • Monthly Gross Income: 2245
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 2270
  • Total Finished Sq Ft: 2270
  • Above Grade Finished Sq Ft: 2270
  • Price Per Sq Ft: 99.12
  • Basement Foundation: Full Basement
  • Flooring: Laminate
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Dimensional Shingles
  • Stories: 2

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 6
  • Parking: Gravel

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 Insurance Expense: 1036
  • Number Of W D Hookups: 4

Schools

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

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 50x155
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Tax
  • Tenant Pays: Electric, Fuel, Water

Multi Family

  • Gross Monthly Rent: 2245
  • Number Of Dryers: 4
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 4
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 1
  • Num Of Efficiencies: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 2474

MLS Schools

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

Range of Values:

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

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $225,000 -4.1% $99 / Sq Ft
08/03/2023 08/03/23 Pending -- -- --
07/25/2023 07/25/23 For Sale $234,500 -- $103 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Austin Rich

    Seller's Agent in 2023

    Austin Rich

    NextHome Elite Real Estate

    (765) 749-4546

    10 in this area

    249 Total Sales

    Austin Rich
    Section Image
  • Heather Clemmons

    Buyer's Agent in 2023

    Heather Clemmons

    Starr Real Estate LLC

    (765) 288-1711

    7 in this area

    502 Total Sales

    Heather Clemmons
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202326084

Indiana Regional MLS

Indiana Delaware County Muncie 47303 Riverside-Normal City

1601 W Adams St, Muncie, IN

This home is located at 1601 W Adams St, Muncie, IN 47303 since 25 July 2023. This property was built in 1898. 1601 W Adams 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.

Nearby Homes