NOT LISTED FOR SALE

1612 E Main St Muncie, IN 47305

East Central Neighborhood

Estimated Value: $57,000 - $78,000

3 Beds
3 Baths
1,576 Sq Ft
$43/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $59,500 $38 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $446/month

8 Days on Market

Highlights

  • Detached Second Garage
  • Government Subsidized Program
  • ENERGY STAR Qualified Water Heater
  • Fenced Yard
  • Forced Air Heating and Cooling System
  • 5-minute walk to Hughes Nature Preserve

About This Home

As of June 2024

Sold with: 202412343, 202412344, 202412341 for a total price of $213,000”. 3 bedroom, 3 bath single family home unit. New HVAC in 2016. Tenants pay utilities. Property is also being offered in a package with 202412343, 202412344, 202412341

Last Agent to Sell the Property

Autumn Grismore

Wagner Auctioneering and Real Estate Brokerage Email: wagnerauctioneering@yahoo.com Listed on: 04/12/2024

Last Buyer's Agent

Grant Gorman

Green Forest Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $895

Year Built

  • Built in 1897

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 45x125
  • Fenced Yard
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,576 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Detached Second Garage

Schools

  • East Washington Academy Elementary School
  • Northside Middle School
  • Central High School

Farming

  • Government Subsidized Program

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • ENERGY STAR Qualified Water Heater

Listing and Financial Details

  • Tenant pays for electric, heating, sewer, trash collection, water
  • The owner pays for tax
  • Assessor Parcel Number 18-11-10-493-007.000-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$895

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1897
  • Age: 127
  • Style: Detached
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: T H KIRBYS 1 ADD Lot # 8
  • Parcel Number ID: 18-11-10-493-007.000-003
  • Platted: Yes
  • Amenities: Fenced Yard
  • Sp Lp Percent: 85
  • Government Subsidized: Yes
  • Monthly Gross Income: 641
  • Year Taxes Payable: 2024
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Sq Ft: 1576
  • Total Finished Sq Ft: 1576
  • Above Grade Finished Sq Ft: 1576
  • Price Per Sq Ft: 37.75
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Carpet, Vinyl
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Stories: 2
  • Outbuilding: 2nd Detached Garage
  • Outbuilding Sq Ft: 264

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 773
  • Number Of W D Hookups: 1

Schools

  • School District: Muncie Community Schools
  • Elementary School: East Washington Academy
  • Middle School: Northside
  • High School: Central
  • Elementary School: East Washington Academy

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 45x125
  • Estimated Lot Sq Ft: 5663
  • Estimated Lot Size Acres: 0.13

Green Features

  • Energy Efficient: Water Heater

Rental Info

  • Owner Pays: Tax
  • Tenant Pays: Electric, Heating, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 641
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 895

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
Jun 14, 2024
Sold by
Rose William C and Rose Stephanie L
Bought by
Mgam Properties Llc
Seller's Agent
Autumn Grismore
Wagner Auctioneering and Real Estate
Buyer's Agent
Grant Gorman
Green Forest Realty
List Price
$70,000
Sold Price
$59,500
Premium/Discount to List
-$10,500
-15%
Total Days on Market
8
Views
28
Current Estimated Value
$67,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,548
Avg. Annual Appreciation
6.21%
Original Mortgage
$258,150
Outstanding Balance
$253,116
Interest Rate
7.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$189,766
Source: Public Records

Similar Homes in Muncie, IN

  • 1809 E 13th St, Muncie, IN 47302

    $69,900

    • 4 Beds
    • 2 Baths
    • 1,624 Sq Ft
    • 1809 E 13th St
    • Muncie, IN

    Add to your portfolio! Currently rented at $950 monthly, $600 deposit, and lease ends 2-28-26. Tenants pay all utilities. This property features 4 bedrooms and 2 baths. New Roof June 2021. Lots of storage in the basement and 2 sheds. The spacious laundry room is also on the main floor.

    Heather Clemmons Starr Real Estate LLC

    Section Image
  • 417 S Elliott St, Muncie, IN 47305

    $59,500

    • 3 Beds
    • 2 Baths
    • 1,558 Sq Ft
    • 417 S Elliott St
    • Muncie, IN

    Great opportunity hitting the market in Muncie. This 3-bedroom, 2-bathroom home offers generous space and solid potential for improvement. Whether you are looking to renovate or hold, this property is well-positioned in an active area. Dont miss your chance to add value and make it yours.

    Steven Koleno Beycome Brokerage Realty

    Section Image
  • 822 W Bethel Ave, Muncie, IN 47303

    $69,900

    • 4 Beds
    • 2 Baths
    • 1,652 Sq Ft
    • 822 W Bethel Ave
    • Muncie, IN

    This home is a duplex with a Great return on investment. The lower level is a 3 bedroom 1 bath unit with gas stove and refrigerator with 980 sq ft ( per the courthouse ). There is an outside entrance for the one bedroom upper efficiency unit with gas stove refrigerator, family room and 672 sq ft ( per the court house). Great location for BSU rental or family, being Sold in "as is" condition.

    Jim Mochal Coldwell Banker Real Estate Group

    Section Image
  • 711 W Centennial Ave, Muncie, IN 47303

    $79,000

    • 3 Beds
    • 2 Baths
    • 1,372 Sq Ft
    • 711 W Centennial Ave
    • Muncie, IN

    Charming 3-bedroom with porch, basement & garage in Muncie. Packed with potential, this 3-bed, 2-bath home offers 1,372 sq ft across two floors, plus a full basement and detached 2-car garage. Enjoy morning coffee on the inviting front porch and take advantage of a flexible layout ready for your personal touch. Set in a quiet Muncie neighborhood, this home is ideal for anyone looking to build

    Shawn Gray Starr Real Estate LLC

    Section Image
  • 1309 W Memorial Dr, Muncie, IN 47302

    $60,000

    • 3 Beds
    • 2 Baths
    • 1,580 Sq Ft
    • 1309 W Memorial Dr
    • Muncie, IN

    This home is nearly fully renovated-just a few finishing touches remain. Featuring tall ceilings, a spacious layout, and upgrades rarely found in today's market, it's a unique find. Located in a prime area with close proximity to everything in town, this property boasts a new roof, new windows, new plumbing, updated electrical, and a brand-new HVAC duct. Don't miss your chance to own a truly

    Kerolos Sarofem HSI Commercial & Residential Group, Inc

    Section Image
See All Homes in Muncie

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

Purchase History

Date Buyer Sale Price Title Company
Mgam Properties Llc $213,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mgam Properties Llc $258,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2024 06/14/24 Sold $59,500 -15.0% $38 / Sq Ft
04/20/2024 04/20/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $70,000 -- $44 / 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 $892 $39,200 $2,300 $36,900
2023 $895 $39,200 $2,300 $36,900
2022 $733 $31,100 $2,300 $28,800
2021 $687 $28,800 $2,400 $26,400
2020 $959 $42,400 $4,800 $37,600
2019 $959 $42,400 $4,800 $37,600
2018 $959 $42,400 $4,800 $37,600
2017 $953 $42,100 $4,800 $37,300
2016 $953 $42,100 $4,800 $37,300
2014 $929 $44,100 $9,200 $34,900
2013 -- $43,800 $9,200 $34,600
Source: Public Records

Agents Affiliated with this Home

  • Autumn Grismore

    Seller's Agent in 2024

    Autumn Grismore

    Wagner Auctioneering and Real Estate

    (765) 730-8814

    2 in this area

    92 Total Sales

    Autumn Grismore
    Section Image
  • Grant Gorman

    Buyer's Agent in 2024

    Grant Gorman

    Green Forest Realty

    (765) 635-4555

    3 in this area

    203 Total Sales

    Grant Gorman
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202412342

Indiana Regional MLS

APN: 18-11-10-493-007.000-003

Indiana Delaware County Muncie 47305 East Central

1612 E Main St, Muncie, IN

This home is located at 1612 E Main St, Muncie, IN 47305 since 12 April 2024 and is currently estimated at $67,048, approximately $42 per square foot. This property was built in 1897. 1612 E Main St is a home located in Delaware County with nearby schools including East Washington Academy, 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