NOT LISTED FOR SALE

1607 W Adams St Muncie, IN 47303

Riverside-Normal City Neighborhood

Estimated Value: $138,000 - $160,000

4 Beds
2 Baths
1,700 Sq Ft
$88/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $75,500 $44 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $1,009/month

304 Days on Market

Highlights

  • Partially Wooded Lot
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

As of August 2018

BSU Income! One of three Nice duplexes in West Adams package! Steady rental history. Solid mechanicals and exterior updates. Cosmetic interior upgrades could improve income if the tenants ever move! But they've had several long term tenants and stay rented in current condition. 48 hour notice for showings.

Last Agent to Sell the Property

Michael Dunn

MADUNN.COM Listed on: 09/25/2017

Last Buyer's Agent

Tom Parker

F.C. Tucker Muncie, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,231

Year Built

  • Built in 1900

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Partially Wooded Lot

Home Design

  • Duplex
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 1,700 Sq Ft Home
  • 1.5-Story Property
  • Basement Cellar

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, fuel, water
  • The owner pays for sewer, trash collection
  • Assessor Parcel Number 18-11-16-102-006.000-003

Community Details

Overview

  • 2 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $600
  • Maintenance Expense $350
  • Water Sewer Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,231

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Age: 118
  • Style: One and Half Story
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Mock Add N 100ft of Lot 13 |
  • Parcel Number ID: 18-11-16-102-006.000-003
  • Platted: Yes
  • Amenities: Off Street Parking
  • Sp Lp Percent: 93.21
  • Monthly Gross Income: 1025
  • Special Features: None

Interior Features

  • Total Sq Ft: 1700
  • Total Finished Sq Ft: 1700
  • Above Grade Finished Sq Ft: 1700
  • Price Per Sq Ft: 44.41
  • Basement Foundation: Cellar
  • Flooring: Mixed
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Aluminum, Vinyl, Wood
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 600
  • Annual Maintenance Expense: 350
  • Annual Water Sewer Expense: 1000
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Partially Wooded
  • Lot Dimensions: 50x100
  • Estimated Lot Sq Ft: 5000
  • Estimated Lot Size Acres: 0.1148

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Sewer, Trash Collection
  • Tenant Pays: Electric, Fuel, Water

Tax Info

  • Total Assessed Value: 61500
  • Annual Property Tax: 1231

Multi Family

  • Gross Monthly Rent: 1025
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Num Of1 Bedrooms: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2017
Closed on
Aug 31, 2018
Sold by
J W T Properties Inc
Bought by
Kay David and Kay Christine
Seller's Agent
Michael Dunn
MADUNN.COM
Buyer's Agent
Tom Parker
F.C. Tucker Muncie, REALTORS
List Price
$85,000
Sold Price
$75,500
Premium/Discount to List
-$9,500
-11.18%
Current Estimated Value
$149,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,015
Avg. Annual Appreciation
10.13%
Original Mortgage
$56,625
Outstanding Balance
$34,969
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$114,546

Purchase Details

Closed on
Sep 12, 2005
Sold by
Harman John W and Harman Wilma R
Bought by
Jwt Properties Inc

Purchase Details

Closed on
May 24, 2005
Sold by
Jwt Properties Inc
Bought by
Harman John W and Harman Wilma R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,800
Interest Rate
5.82%
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
Kay David -- None Available
Jwt Properties Inc -- None Available
Harman John W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kay David $56,625
Previous Owner Harman John W $58,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $75,500 -6.8% $44 / Sq Ft
07/26/2018 07/26/18 Pending -- -- --
06/10/2018 06/10/18 Price Changed $81,000 -4.7% $48 / Sq Ft
09/25/2017 09/25/17 For Sale $85,000 -- $50 / 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 $2,600 $124,600 $13,400 $111,200
2023 $2,266 $107,900 $11,200 $96,700
2022 $1,898 $89,500 $11,200 $78,300
2021 $1,854 $87,300 $11,700 $75,600
2020 $1,592 $74,200 $11,200 $63,000
2019 $1,363 $62,700 $11,200 $51,500
2018 $1,361 $62,600 $11,200 $51,400
2017 $1,361 $62,600 $11,800 $50,800
2016 $1,339 $61,500 $11,700 $49,800
2014 $1,397 $67,700 $12,300 $55,400
2013 -- $67,700 $12,300 $55,400
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Michael Dunn

    MADUNN.COM

    (765) 749-5342

    1 in this area

    55 Total Sales

    Michael Dunn
    Section Image

  • T

    Buyer's Agent in 2018

    Tom Parker

    F.C. Tucker Muncie, REALTORS

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201744942

Indiana Regional MLS

APN: 18-11-16-102-006.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

1607 W Adams St, Muncie, IN

This home is located at 1607 W Adams St, Muncie, IN 47303 since 25 September 2017 and is currently estimated at $149,515, approximately $87 per square foot. This property was built in 1900. 1607 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.

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