Rickie Sipe
Property House, Inc.
(765) 896-4204
92 Total Sales
10 in South Central
$33K - $90K Price Range
1606 1606.5 S Walnut St Muncie, IN 47302
South Central NeighborhoodEstimated Value: $40,000 - $109,630
4
Beds
2
Baths
1,518
Sq Ft
$51/Sq Ft
Est. Value
About This Home
As of October 2023This duplex offers an excellent opportunity for investors looking for a great investment property! Each unit is 2-bedroom and 1 bath. The property boasts a large back yard with plenty of parking available. Some of the key highlights of this investment property is the potential for strong rental income in comparison to mortgage and located central in Muncie on a main road. Property is located 2 miles away from Ball State University. The affordability of these units makes them highly desirable for tenants and a big opportunity to help build equity and create cash flow. Please do not schedule a viewing until reading the full listing. This property has great potential, but will need a complete rehab that includes new kitchens, new bathrooms, new flooring, new cabinets, new appliances, new carpeting, etc. This property offers great potential for an owner with some sweat equity or a cash ready investor who can put time into rehabbing the property. This property is not currently rent ready, it will need to be repaired & refurbished. Please keep in note the utilities have currently been turned off to reduce operating costs.
Last Agent to Sell the Property
Starr Real Estate LLC Brokerage Phone: 765-288-1711 Listed on: 06/21/2023
Last Buyer's Agent
Starr Real Estate LLC Brokerage Phone: 765-288-1711 Listed on: 06/21/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1886
Lot Details
- 4,290 Sq Ft Lot
- Lot Dimensions are 33x130
Home Design
- Duplex
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 1,518 Sq Ft Home
- 1.5-Story Property
- Crawl Space
- Laminate Countertops
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Parking Spaces
- Off-Street Parking
Schools
- Southview Elementary School
- Southside Middle School
- Central High School
Additional Features
- Suburban Location
- Baseboard Heating
Listing and Financial Details
- Tenant pays for electric, fuel, lawn maintenance, sewer, trash collection, water
- The owner pays for tax
- Assessor Parcel Number 18-11-15-355-002.000-003
Community Details
Overview
- 2 Units
Pet Policy
- Pets Allowed with Restrictions
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 21, 2023
Closed on
Oct 18, 2023
Sold by
Bought by
Seller's Agent
Heather Clemmons
Starr Real Estate LLC
Buyer's Agent
Heather Clemmons
Starr Real Estate LLC
List Price
$39,900
Sold Price
$30,000
Premium/Discount to List
-$9,900
-24.81%
Views
258
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,658
Avg. Annual Appreciation
39.78%
Purchase Details
Closed on
Nov 21, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,425
Interest Rate
7.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 9, 2009
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Central, IN
-
Rickie Sipe
-
Michael Burke
Michael Burke
Burke Realty
(765) 212-3307
133 Total Sales
1 in South Central
$26,000 Price
-
Sheri Jones
Sheri Jones
Hoosier, REALTORS®
(812) 587-7444
184 Total Sales
1 in South Central
$40,000 Price
-
Steve Slavin
Steve Slavin
Coldwell Banker Real Estate Group
(888) 409-7231
398 Total Sales
7 in South Central
$18K - $70K Price Range
-
Kenneth Yoder
Kenneth Yoder
Responds QuicklyHoosier, REALTORS®
(844) 599-0242
132 Total Sales
1 in South Central
$135,000 Price
-
Karen Dall
Karen Dall
Coldwell Banker Real Estate Group
(765) 789-5371
165 Total Sales
1 in South Central
$17,500 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $25,425 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/24/2023 10/24/23 | Sold | $30,000 | -24.8% | $20 / Sq Ft |
| 10/16/2023 10/16/23 | Pending | -- | -- | -- |
| 09/12/2023 09/12/23 | For Sale | $39,900 | 0.0% | $26 / Sq Ft |
| 08/23/2023 08/23/23 | Pending | -- | -- | -- |
| 08/03/2023 08/03/23 | Price Changed | $39,900 | -7.0% | $26 / Sq Ft |
| 07/11/2023 07/11/23 | For Sale | $42,900 | 0.0% | $28 / Sq Ft |
| 06/26/2023 06/26/23 | Pending | -- | -- | -- |
| 06/21/2023 06/21/23 | For Sale | $42,900 | -- | $28 / Sq Ft |
Source: Indiana Regional MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $4,244 | $251,300 | ||
| 2024 | $4,244 | $244,218 | ||
| 2023 | $4,090 | $237,105 | $0 | $0 |
| 2022 | $3,903 | $230,199 | $0 | $0 |
| 2021 | $3,859 | $223,494 | $0 | $0 |
| 2020 | $3,767 | $220,408 | $0 | $0 |
| 2019 | $3,656 | $215,453 | $0 | $0 |
| 2018 | $3,601 | $211,436 | $0 | $0 |
| 2017 | $3,552 | $266,289 | $0 | $0 |
| 2016 | $3,521 | $202,828 | $0 | $0 |
| 2015 | $3,558 | $201,418 | $0 | $0 |
| 2014 | $3,532 | $199,819 | $0 | $0 |
| 2013 | -- | $164,976 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Heather Clemmons
Seller's Agent in 2023
Heather Clemmons
Starr Real Estate LLC
(765) 288-1711
9 in this area
446 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202321301
APN: 18-11-15-355-002.000-003
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.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID
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