NOT LISTED FOR SALE

1617 E Willard St Muncie, IN 47302

Industry Neighborhood

Estimated Value: $41,000 - $56,000

2 Beds
1 Bath
989 Sq Ft
$51/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $31,000 $31 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $321/month

105 Days on Market

Highlights

  • Traditional Architecture
  • Fenced Yard
  • 1-Story Property
  • Covered Patio or Porch
  • Forced Air Heating System

About This Home

As of October 2022

This 2 bed/ 1 bath is an investment special. The tenant pays $550 rent, pays all utilities, and mows the yard. They are long term renters and have been at the property for over 4 years. The property features a new porch, updated kitchen and bathroom, fenced in yard, and a basement. Basement access in the bedroom closet. It also has updated windows, siding, doors, kitchen and bathroom. There is a washer/ dryer hookup.

Last Agent to Sell the Property

Heather Clemmons

Starr Real Estate LLC Listed on: 06/16/2022

Last Buyer's Agent

Aaron Orr

RE/MAX Real Estate Groups

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $386

Year Built

  • Built in 1930

Lot Details

  • 5,250 Sq Ft Lot
  • Lot Dimensions are 41x125
  • Fenced Yard
  • Wood Fence

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Washer Hookup
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric, fuel, heating, lawn maintenance, sewer, trash collection, water, deposit value
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 18-11-15-429-010.000-003

Community Details

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Maintenance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$386

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1930
  • Style: One Story
  • Architectural Style: Traditional
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: GAL SUB W 40 FT L 126 & E 1 1/2 FT L 125 LOT 125-126
  • Parcel Number ID: 18-11-15-429-010.000-003
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Cable Available, Porch Covered, Water Heater Electric, Washer Hook-Up
  • Location: City/Town/Suburb
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1489
  • Total Finished Sq Ft: 989
  • Above Grade Finished Sq Ft: 989
  • Below Grade Sq Ft: 500
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Flooring: Mixed
  • Total Below Grade Sq Ft: 500

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Fence: Wood
  • Stories: 1

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 1200
  • Annual Maintenance Expense: 1200
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Southview

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 41x125
  • Estimated Lot Sq Ft: 5250
  • Estimated Lot Size Acres: 0.1205
  • Lot Number: 125

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Electric, Fuel, Heating, Lawn Maintenance, Sewer, Trash Collection, Water, Deposit Value

Tax Info

  • Annual Property Tax: 386

Multi Family

  • Number Of Units: 1
  • Num Of2 Bedrooms: 1

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
Jun 16, 2022
Closed on
Oct 7, 2022
Sold by
A & L Affordable Rentals Llc
Bought by
Leonard Brad
Seller's Agent
Heather Clemmons
Starr Real Estate LLC
Buyer's Agent
Aaron Orr
RE/MAX Real Estate Groups
List Price
$41,900
Sold Price
$31,000
Premium/Discount to List
-$10,900
-26.01%
Current Estimated Value
$50,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,648
Avg. Annual Appreciation
16.20%

Purchase Details

Closed on
Jul 7, 2020
Sold by
Adkins Leo Jay
Bought by
Akins Richard

Purchase Details

Closed on
Dec 5, 2018
Sold by
Aber & Aber Llc
Bought by
Adkins Leo Jay

Purchase Details

Closed on
Nov 16, 2017
Sold by
Delaware County Sheriff
Bought by
Aber & Aber Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Leonard Brad -- None Listed On Document
Akins Richard -- None Available
Akins Richard -- None Available
Adkins Leo Jay -- None Available
Aber & Aber Llc $1,416 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2022 10/07/22 Sold $31,000 -20.3% $31 / Sq Ft
09/29/2022 09/29/22 Pending -- -- --
09/23/2022 09/23/22 Price Changed $38,900 -7.2% $39 / Sq Ft
09/23/2022 09/23/22 For Sale $41,900 0.0% $42 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/07/2022 09/07/22 Price Changed $41,900 -8.7% $42 / Sq Ft
08/12/2022 08/12/22 Price Changed $45,900 -8.0% $46 / Sq Ft
07/18/2022 07/18/22 For Sale $49,900 0.0% $50 / Sq Ft
07/18/2022 07/18/22 Price Changed $49,900 -9.1% $50 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $54,900 0.0% $56 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $54,900 -- $56 / 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 $670 $28,100 $3,200 $24,900
2023 $650 $27,100 $2,700 $24,400
2022 $558 $22,500 $2,700 $19,800
2021 $554 $22,300 $4,200 $18,100
2020 $494 $19,300 $4,200 $15,100
2019 $422 $15,700 $4,200 $11,500
2018 $227 $20,000 $4,200 $15,800
2017 $582 $22,500 $4,600 $17,900
2016 $309 $28,200 $5,800 $22,400
2014 $243 $29,100 $5,800 $23,300
2013 -- $28,800 $5,800 $23,000
Source: Public Records

Agents Affiliated with this Home

  • Heather Clemmons

    Seller's Agent in 2022

    Heather Clemmons

    Starr Real Estate LLC

    (765) 288-1711

    22 in this area

    476 Total Sales

    Heather Clemmons
    Section Image
  • Aaron Orr

    Buyer's Agent in 2022

    Aaron Orr

    RE/MAX

    (765) 212-1111

    5 in this area

    702 Total Sales

    Aaron Orr
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202223988

Indiana Regional MLS

APN: 18-11-15-429-010.000-003

Indiana Delaware County Muncie 47302 Industry

1617 E Willard St, Muncie, IN

Not Listed for Sale

MultiFamily

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