NOT LISTED FOR SALE

1616 S Elm St Muncie, IN 47302

South Central Neighborhood

Estimated Value: $82,000 - $114,000

3 Beds
1.5 Baths
1,684 Sq Ft
$58/Sq Ft Est. Value

Last Sold December 14, 2016

Last sale price $7,500 $4 Per Sq Ft

Est. 1,200% increase in value since last sale

Current estimated payment $608/month

12 Days on Market

About This Home

As of December 2016

Investors, this is the property for you! This Cape Cod needs some TLC, but has the potential to be a great money maker! The home is priced to sell 'AS IS'. The seller is an out of state licensed Realtor.

Last Listed By

Meghan Fallis

Coldwell Banker Real Estate Group Listed on: 10/28/2016

Coldwell Banker Real Estate Group

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 6,408 Sq Ft Lot
  • Lot Dimensions are 148 x 43
  • Sloped Lot

Home Design

  • Cape Cod Architecture
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Additional Features

  • Suburban Location
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 18-11-15-358-005.000-003

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1935
  • Age: 81
  • Style: Two Story
  • Architectural Style: Cape Cod
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Bathrooms: 1
  • Total Number of Half Bathrooms: 1
  • Legal Description: GRAYS ADD N 43FT 0.0000ACRES STR: 152010 IN: 43-44-45 OUT:
  • Parcel Number ID: 18-11-15-358-005.000-003
  • Platted: Yes
  • Inside City Limits: Yes
  • Investment Property: Yes
  • Location: City/Town/Suburb
  • Road Surface: Paved
  • Sp Lp Percent: 68.88
  • Special Features: None

Interior Features

  • Total Sq Ft: 2024
  • Total Finished Sq Ft: 1684
  • Above Grade Finished Sq Ft: 1684
  • Below Grade Sq Ft: 340
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Number Of Fireplaces: 1
  • Fireplace: Family Rm, Wood Burning
  • Living Great Room: Dimensions: 12x21, On Level: Main
  • Dining Room: Dimensions: 11x14, On Level: Main
  • Bedroom 1: Dimensions: 13x12, On Level: Main
  • Bedroom 2: Dimensions: 13x12, On Level: Main
  • Bedroom 3: Dimensions: 11x12, On Level: Main
  • Number of Main Level Half Bathrooms: 1
  • Total Below Grade Sq Ft: 340

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Shingle
  • Outbuilding1: None

Utilities

  • Heating Fuel: Gas
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: Vectren Energy
  • Water Company: Indiana American Water Co

Schools

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

Lot Info

  • Lot Description: Slope
  • Lot Dimensions: 148 x 43
  • Estimated Lot Sq Ft: 6408
  • Estimated Lot Size Acres: 0.1471

Tax Info

  • Annual Taxes: 618

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2019
Sold by
Greater Muncie Indiana Habitat
Bought by
Burnette Nicole
Total Days on Market
12
Current Estimated Value
$97,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,165
Outstanding Balance
$53,431
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$44,104

Purchase Details

Listed on
Oct 28, 2016
Closed on
Dec 14, 2016
Sold by
Reed Jeffery D and Reed Sheila
Bought by
Indiana Habitat Humanity Inc Greater Munice
Seller's Agent
Meghan Fallis
Coldwell Banker Real Estate Group
Buyer's Agent
Steve Slavin
Coldwell Banker Real Estate Group
List Price
$10,888
Sold Price
$7,500
Premium/Discount to List
-$3,388
-31.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.57%

Purchase Details

Closed on
Feb 24, 2006
Sold by
Us Bank National Association
Bought by
Reed Jeffery D and Reed Sheila

Purchase Details

Closed on
Oct 5, 2005
Sold by
Cornthwaite Timothy D and Doe John
Bought by
Us Bank Na

Range of Values:

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Average Value
Not Available
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
Burnette Nicole -- In Title
Indiana Habitat Humanity Inc Greater Munice -- --
Reed Jeffery D -- None Available
Us Bank Na $20,875 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burnette Nicole $60,165
Closed Burnette Nicole $2,668
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2016 12/14/16 Sold $7,500 -31.1% $4 / Sq Ft
11/09/2016 11/09/16 Pending -- -- --
10/28/2016 10/28/16 For Sale $10,888 -- $6 / 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 $799 $69,100 $6,000 $63,100
2023 $710 $59,400 $5,000 $54,400
2022 $703 $58,800 $5,000 $53,800
2021 $602 $48,600 $3,300 $45,300
2020 $619 $50,800 $5,500 $45,300
2019 $636 $53,200 $5,500 $47,700
2018 $108 $26,300 $5,500 $20,800
2017 $108 $26,600 $6,000 $20,600
2016 $640 $26,600 $6,000 $20,600
2014 $663 $31,000 $7,500 $23,500
2013 -- $30,700 $7,500 $23,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Meghan Fallis

    Coldwell Banker Real Estate Group

    (765) 289-2228

    19 Total Sales

    Meghan Fallis
    Section Image
  • Steve Slavin

    Buyer's Agent in 2016

    Steve Slavin

    Coldwell Banker Real Estate Group

    (317) 701-5006

    4 in this area

    450 Total Sales

    Steve Slavin
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201649605

Indiana Regional MLS

APN: 18-11-15-358-005.000-003

Indiana Delaware County Muncie 47302 South Central

1616 S Elm St, Muncie, IN

Homes for Sale in Muncie, IN

This home is located at 1616 S Elm St, Muncie, IN 47302 since 28 October 2016 and is currently estimated at $97,535, approximately $57 per square foot. This property was built in 1935. 1616 S Elm St is a home located in Delaware County with nearby schools including South View Elementary School, Muncie Central High School, and Southside 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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