$143,500
SOLD JAN 15, 2016

1701-1703 N Reserve St Muncie, IN 47303

Minnetrista Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.37 Acres

Recently Sold

4% Below List Price

85 Days on Market

About This Home

As of August 2022

Large lot with 2 separate homes that are 5 bedrooms, 2 full baths each. Each home on main level has a living room, kitchen, 3 bedrooms, 1 full bath and laundry area. 2nd floor has 2 bedrooms, 1 bath and bonus room. Large decks and a shared above ground pool. Parking. Both homes built in 1993.

Last Agent to Sell the Property

Rickie Sipe

Property House, Inc. Listed on: 10/14/2015

Last Buyer's Agent

Non-BLC Member

MIBOR REALTOR® Association

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,346

Year Built

  • Built in 1993

Lot Details

  • 0.37 Acre Lot

Home Design

  • Vinyl Siding

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance, sewer, all utilities
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 181104451026000003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,346

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Sub Type: Residential Units - 1 to 4
  • Architectural Style: See Remarks
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2015
  • Year Built: 1993
  • Lot Size Acres: 0.37
  • Subdivision Name: No Subdivision
  • Inspection Warranties: Not Applicable
  • Transaction Type: Sale
  • Conversion: No
  • MBR_AttributionContact: rickie@indy.net
  • Special Features: None

Interior Features

  • Owner Pays: Insurance, Taxes
  • SqFt Total: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Disclosures: Not Applicable
  • List Price: 149900

Garage/Parking

  • Unit Parking: Other

Utilities

  • Utilities: Electricity Connected, Gas
  • Laundry Features: Other
  • Solid Waste: Yes

Fee Information

  • Expenses: 4089

Lot Info

  • Lot Features: Other
  • Additional Parcels: No
  • Lot Size Sq Ft: 160
  • Parcel Number: 181104451026000003
  • Acres: 1/4-1/2 Acre

Green Features

  • Green Certification Y N: No

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Sewer, All Utilities

Multi Family

  • Gross Income: 2200
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2346
  • Tax Lot: 0
  • Semi Annual Property Tax Amt: 1173
  • Tax Exemption: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Aug 30, 2022
Sold by
Phennix Holdings Llc
Bought by
Zvm Properties Llc
Seller's Agent
James Bradley
Century 21 Bradley Realty Inc
Buyer's Agent
James Bradley
Century 21 Bradley Realty Inc
List Price
$259,900
Sold Price
$222,500
Premium/Discount to List
-$37,400
-14.39%
Views
17
Current Estimated Value
$186,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,364
Avg. Annual Appreciation
-6.13%

Purchase Details

Closed on
Aug 31, 2018
Sold by
Lily Js Rentals Llc
Bought by
Phennix Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2017
Sold by
Gao Jie
Bought by
Lily Js Rentals Llc

Purchase Details

Listed on
Oct 14, 2015
Closed on
Jan 15, 2016
Sold by
Cook Brandie
Bought by
Gao Jie
Seller's Agent
Rickie Sipe
Property House, Inc.
Buyer's Agent
Non-BLC Member
MIBOR REALTOR® Association
List Price
$149,900
Sold Price
$143,500
Premium/Discount to List
-$6,400
-4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.69%
Source: Public Records

Similar Homes in Muncie, IN

  • 520 N Alameda Dr, Muncie, IN 47303

    $139,900

    • 4 Beds
    • 2 Baths
    • 1,853 Sq Ft
    • 520 N Alameda Dr
    • Muncie, IN

    Don't miss this opportunity to add to your investment portfolio!! Check out this affordable duplex near BSU campus. If you've been looking for another rental, don't pass this one up! Brand-new HVAC system installed August 2024!

    Lisa Buckner RE/MAX Real Estate Groups

    Section Image
  • 1100 N Elm St, Muncie, IN 47303

    $160,000

    • 4 Beds
    • 4 Baths
    • 1,872 Sq Ft
    • 1100 N Elm St
    • Muncie, IN

    Investors check this out. 2 duplexes consisting of 4 one bedrooms completely rented out. Conveniently located to downtown. Don't miss the chance to add this to your portfolio.

    Lisa Buckner RE/MAX Real Estate Groups

    Section Image
  • 800 W Lindweth Place, Muncie, IN 47303

    $140,000

    • 3 Beds
    • 2 Baths
    • 800 W Lindweth Place
    • Muncie, IN

    Cash flowing duplex, Unit 1 is 2 bed 1 bath and unit 2 is 1 bed 1 bath. Update completed in 2022, newer appliances, fresh interior paint. Water Heater less than 3 years old. Unit 1 rent is $800 a month and Unit 2 rent is $675 a month with 20% down return is 9% annualized. $100 rent increase makes that return 14%. Proforma snapshot included in documents. Owner pays w/s/t. Economic growth remains

    Richard Graham JMG Indiana

    Section Image
  • 1421 S Perkins Ave, Muncie, IN 47302

    $129,900

    • 4 Beds
    • 2 Baths
    • 1,630 Sq Ft
    • 1421 S Perkins Ave
    • Muncie, IN

    Good rental income! Each unit is rented for $850.00 per month. This duplex has 2 units with each unit having 2 bedrooms, 1 bath. One unit could be a 3 bedroom by just adding a door to a bonus room. Freshly painted interiors with newer flooring. 4 off street parking spots and 2 street parking spots. New roof in 2023 and newer gutters. stays consistently rented. Nice corner lot.

    Michael Lambert Leading Home Realty

    Section Image
  • 1709 S Elm St, Muncie, IN 47302

    $155,000

    • 2 Beds
    • 1 Bath
    • 1709 S Elm St
    • Muncie, IN

    Turnkey Duplex Investment Opportunity! Attention investors! This fully remodeled duplex offers an excellent opportunity for immediate cash flow. Renovated in early 2024, this property is professionally managed by Morgan Properties and features two updated units with fully split utilities, allowing the burden of those costs to fall directly on to your tenants. GROSS INCOME: $1,649.00/MONTH

    Ryan Boots Boots Realty, LLC

    Section Image

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 Type Sale Price Title Company
Warranty Deed $222,500 Fidelity National Title
Warranty Deed -- None Available
Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $128,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2022 08/30/22 Sold $222,500 -11.0% --
08/17/2022 08/17/22 Pending -- -- --
08/10/2022 08/10/22 Price Changed $249,900 -3.8% --
08/03/2022 08/03/22 For Sale $259,900 +81.1% --
01/15/2016 01/15/16 Sold $143,500 -4.3% --
10/14/2015 10/14/15 For Sale $149,900 -- --
Source: MIBOR Broker Listing Cooperative®

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 $3,238 $155,600 $23,000 $132,600
2023 $3,335 $157,700 $23,000 $134,700
2022 $3,211 $154,100 $23,000 $131,100
2021 $3,105 $148,800 $27,600 $121,200
2020 $2,734 $130,300 $27,600 $102,700
2019 $2,764 $131,800 $27,600 $104,200
2018 $2,730 $130,100 $27,600 $102,500
2017 $2,666 $126,900 $24,900 $102,000
2016 $2,493 $118,300 $21,300 $97,000
2014 $2,356 $114,700 $17,800 $96,900
2013 -- $116,100 $17,800 $98,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: 21381734

MIBOR Broker Listing Cooperative®

APN: 18-11-04-451-026.000-003