$54,000
SOLD MAY 16, 2022
4 Beds
2 Baths
1,624 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$33 Per Sq Ft

16% Below List Price

87 Days on Market

Highlights

  • Traditional Architecture
  • Shed
  • Level Lot
  • Covered patio or porch
  • Forced Air Heating System
  • Carpet

About This Home

As of May 2022

Nice solid Investment Property. This spacious 4 bedrooms, 2 bath home has been easy to lease in past years. Convenient location close to shopping and dining. Also close to the Cardinal Greenway trail. Seller has replaced windows in the last several years. Newer carpet and vinyl installed in the last 2 years. Current tenant has lease through February 2022. Monthly rent is $600 and tenant pays all utilities. Buyer to verify square footage. New Roof June 2021

Last Agent to Sell the Property

Joann Davis

F.C. Tucker Muncie, REALTORS Listed on: 01/14/2022

F.C. Tucker Muncie, REALTORS

Last Buyer's Agent

Marjorie Jameson

Berkshire Hathaway Indiana Realty

Berkshire Hathaway Indiana Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $734

Year Built

  • Built in 1890

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x125
  • Level Lot

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Shingle Roof
  • Asphalt Roof
  • Rubber Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Sump Pump
  • Crawl Space

Parking

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

Outdoor Features

  • Covered patio or porch
  • Shed

Location

  • Suburban Location

Schools

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

Utilities

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

Community Details

  • Buena Vista Subdivision
  • Maintenance Expense $700

Listing and Financial Details

  • Tenant pays for cable, deposit value, electric, heating, lawn maintenance, snow removal, sewer, trash collection, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 18-11-23-104-004.000-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$734

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1890
  • Age: 132
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: BUENA VISTA 0.0000Acres STR: 232010 IN: 3 OUT:
  • Parcel Number ID: 18-11-23-104-004.000-003
  • Platted: Yes
  • Amenities: Off Street Parking, Cable Ready, Countertops-Laminate, Deck Open, Porch Covered, Water Heater Gas, Sump Pump
  • Location: City/Town/Suburb
  • Sp Lp Percent: 90.15
  • Monthly Gross Income: 600
  • Year Taxes Payable: 2020
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1762
  • Total Finished Sq Ft: 1624
  • Above Grade Finished Sq Ft: 1624
  • Below Grade Sq Ft: 138
  • Price Per Sq Ft: 33.25
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 812
  • Total Below Grade Sq Ft: 138
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Asphalt, Rubber, Shingle
  • Stories: 2
  • Outbuilding: Shed
  • Outbuilding Sq Ft: 80

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, Indiana Michigan Power
  • Gas Company: CenterPoint Energy
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Cable Company: AT&T, Comcast
  • Annual Maintenance Expense: 700
  • Number Of W D Hookups: 1

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: 40X125
  • Estimated Lot Sq Ft: 4792
  • Estimated Lot Size Acres: 0.11

Rental Info

  • Lease Term: 1 Year, Renewal Options
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Deposit Value, Electric, Heating, Lawn Maintenance, Snow Removal, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 600
  • Number Of Units: 1
  • Number Of 4 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 734

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2011
Sold by
Mutualbank
Bought by
Rnb Enterprise Inc

Purchase Details

Closed on
Apr 12, 2006
Sold by
Loffer Michael M and Loffer Robin Suzanne
Bought by
Mutula Federal Savings Bank
Source: Public Records

Similar Homes in Muncie, IN

  • 2806 S Walnut St, Muncie, IN 47302

    $63,000

    • 2 Beds
    • 1 Bath
    • 1,490 Sq Ft
    • 2806 S Walnut St
    • Muncie, IN

    Excellent investment opportunity! This spacious 2-bedroom, 1-bath home is currently leased through May 2026, offering immediate rental income. Recently updated interior features enhance the comfort and appeal of the property. A great addition to any investment portfolio!

    Rahmed Paige F.C. Tucker Muncie, REALTORS

    Section Image
  • 500 S Proud St, Muncie, IN 47305

    $45,000

    • 4 Beds
    • 2 Baths
    • 1,880 Sq Ft
    • 500 S Proud St
    • Muncie, IN

    This duplex features two spacious units—one currently occupied, providing immediate rental income, and one vacant, ready for a new tenant. Each unit offers a functional layout with separate entrances.

    Katie Franklin CRM Properties, Inc

    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 -- Itic
Sheriffs Deed -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $69,900 +29.4% $43 / Sq Ft
05/16/2022 05/16/22 Sold $54,000 +900.0% $33 / Sq Ft
05/16/2022 05/16/22 Sold $5,400 -91.0% $3 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/11/2022 04/11/22 Pending -- -- --
03/01/2022 03/01/22 Price Changed $59,900 -6.4% $37 / Sq Ft
01/19/2022 01/19/22 For Sale -- -- --
01/14/2022 01/14/22 For Sale $64,000 +1085.2% $39 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
09/22/2021 09/22/21 For Sale -- -- --
09/20/2021 09/20/21 Off Market $5,400 -- --
04/07/2021 04/07/21 Price Changed $59,900 -6.4% $37 / Sq Ft
03/18/2021 03/18/21 For Sale $64,000 -- $39 / 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 $1,002 $44,200 $3,600 $40,600
2023 $565 $44,200 $3,600 $40,600
2022 $828 $35,300 $3,600 $31,700
2021 $796 $33,700 $4,500 $29,200
2020 $734 $30,800 $4,500 $26,300
2019 $734 $30,800 $4,500 $26,300
2018 $734 $30,800 $4,500 $26,300
2017 $728 $30,500 $4,500 $26,000
2016 $704 $29,300 $4,500 $24,800
2014 $489 $21,800 $4,500 $17,300
2013 -- $21,700 $4,500 $17,200
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202201597

Indiana Regional MLS

APN: 18-11-23-104-004.000-003