NOT LISTED FOR SALE

Estimated Value: $52,000 - $134,000

3 Beds
3 Baths
1,916 Sq Ft
$41/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $47,500 $25 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $522/month

33 Days on Market

Highlights

  • Eat-In Kitchen
  • Ceiling Fan
  • Level Lot
  • Forced Air Heating System
  • Energy-Efficient Windows
  • Carpet

About This Home

As of March 2023

Investment opportunity! Fully occupied triplex, one bedroom units with leases through August 1, 2023. Off street parking. 3 gas and electric meters. Currently landlord pays all utilities. Two furnaces and two water heaters. Several replacement windows.

Last Agent to Sell the Property

Brad Taflinger

The Taflinger Real Estate Group Listed on: 02/09/2023

The Taflinger Real Estate Group

Last Buyer's Agent

Brad Taflinger

The Taflinger Real Estate Group Listed on: 02/09/2023

The Taflinger Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,114

Year Built

  • Built in 1895

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x145
  • Level Lot

Home Design

  • Triplex
  • Shingle Roof
  • Asphalt Roof
  • Shingle Siding

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Insulated Windows
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Gravel Driveway
  • Off-Street Parking

Schools

  • Southview Elementary School
  • Southside Middle School
  • Central High School

Utilities

  • SEER Rated 13+ Air Conditioning Units
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Windows
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for building insurance, electric, heating, lawn maintenance, sewer, water
  • Assessor Parcel Number 18-11-16-351-002.000-003

Community Details

Overview

  • 3 Units
  • Perkin Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Water Sewer Expense $1,416

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,114

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1895
  • Age: 128
  • Style: Bi-Level
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Legal Description: 18-11-16-351-002.000-003
  • Parcel Number ID: 18-11-16-351-002.000-003
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Cable Ready, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Water Heater Electric, Water Heater Gas
  • Cross Street: S Port Avenue
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Road Access: City
  • Road Surface: Asphalt
  • Section Number: 16
  • Sp Lp Percent: 89.62
  • Monthly Gross Income: 1600
  • Year Taxes Payable: 2023
  • Special Features: None

Interior Features

  • Total Sq Ft: 1916
  • Total Finished Sq Ft: 1916
  • Above Grade Finished Sq Ft: 1916
  • Price Per Sq Ft: 24.79
  • Basement Foundation: Crawl
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1190
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Shingle
  • Roof Material: Asphalt, Shingle
  • Stories: 1.5

Garage/Parking

  • Driveway: Gravel
  • Number Of Parking Spaces: 3
  • Parking: Gravel, Off Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Cable Company: Comcast
  • Hvac: HVAC (13 Seer)
  • Annual Electric: 1200
  • Annual Fuel Expense: 1200
  • Annual Water Sewer Expense: 1416
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Muncie Community Schools
  • Elementary School: Southview
  • Middle School: Southside
  • High School: Central
  • Elementary School: Southview

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 50x145
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17
  • Lot Number: 191

Green Features

  • Energy Efficient: Windows
  • Energy Efficient Windows/Doors: Insulated Glass Windows

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Electric, Heating, Lawn Maintenance, Sewer, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 1600
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 3
  • Num Of Units Rented: 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Feb 24, 2023
Sold by
Echternach Erica
Bought by
5 Away Holdings Llc
Seller's Agent
Brad Taflinger
The Taflinger Real Estate Group
Buyer's Agent
Brad Taflinger
The Taflinger Real Estate Group
List Price
$53,000
Sold Price
$47,500
Premium/Discount to List
-$5,500
-10.38%
Views
47
Current Estimated Value
$78,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,369
Avg. Annual Appreciation
17.74%

Purchase Details

Closed on
Aug 5, 2022
Sold by
Hoosier State Properties Llc
Bought by
Echternach Erica

Purchase Details

Closed on
Jul 24, 2019
Sold by
Lee Oneal Group Llp
Bought by
Hoosier State Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2018
Sold by
Calvert Properties Llc
Bought by
Lee Oneal Group Llc
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
5 Away Holdings Llc $47,500 --
Echternach Erica -- Stauffer Terry A
Hoosier State Properties Llc -- None Available
Lee Oneal Group Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoosier State Properties Llc $87,000
Previous Owner Calvert Anthony B $28,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $47,500 -10.4% $25 / Sq Ft
03/14/2023 03/14/23 Pending -- -- --
03/14/2023 03/14/23 For Sale $53,000 0.0% $28 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
02/09/2023 02/09/23 For Sale $53,000 -- $28 / 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 $1,114 $49,800 $5,900 $43,900
2023 $1,583 $32,500 $5,000 $27,500
2022 $804 $34,300 $5,000 $29,300
2021 $678 $28,000 $4,700 $23,300
2020 $744 $31,300 $6,700 $24,600
2019 $774 $32,800 $8,900 $23,900
2018 $898 $36,300 $9,900 $26,400
2017 $840 $36,100 $9,900 $26,200
2016 $894 $38,800 $11,000 $27,800
2014 $769 $35,800 $11,000 $24,800
2013 -- $35,500 $11,000 $24,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202303727

Indiana Regional MLS

APN: 18-11-16-351-002.000-003