NOT LISTED FOR SALE

2007 S Penn St Muncie, IN 47302

Southside Neighborhood

Estimated Value: $96,000 - $126,000

7 Beds
4 Baths
1,876 Sq Ft
$56/Sq Ft Est. Value

Last Sold September 05, 2019

Last sale price $38,400 $20 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $707/month

14 Days on Market

Highlights

  • Corner Lot
  • Ceiling Fan
  • Carpet
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of September 2019

TRIPLEX. Addresses are 2007 S. Penn and 1215 & 1217 E. 13th St. Two separate building on one parcel. 2007 is a 2 BR and rents for $360 with LANDLORD paying All utilities except electric. However, one if quite small. 1217 is one BR which rents for $475 with LANDLORD paying all utilities except electric. 1215 is a 4BR, 2 BA home with basement that rents for $625 plus ALL utilities including lawn care.

Last Agent to Sell the Property

Mark Kelly

Berkshire Hathaway Indiana Realty Listed on: 07/26/2019

Berkshire Hathaway Indiana Realty

Last Buyer's Agent

Daniel Norton

CPC Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $948

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 136x40
  • Corner Lot
  • Level Lot

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Washer Hookup
  • Partially Finished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Parking Spaces
  • On-Street Parking

Location

  • Suburban Location

Schools

  • Grissom Elementary School
  • Southside Middle School
  • Central High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for sewer, water
  • Assessor Parcel Number 18-11-22-209-009.000-003

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$948

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Triplex
  • Year Built: 1900
  • Age: 119
  • Style: One and Half Story
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: G AND O SUB BLOCK 76 LOT 1
  • Parcel Number ID: 18-11-22-209-009.000-003
  • Platted: Yes
  • Amenities: Ceiling Fan, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 96.24
  • Monthly Gross Income: 1460
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 1876
  • Total Finished Sq Ft: 1876
  • Above Grade Finished Sq Ft: 1876
  • Price Per Sq Ft: 20.47
  • Basement Foundation: Partial Basement, Slab
  • Flooring: Carpet, Vinyl
  • Main Level Sq Ft: 1876
  • Number Of Ranges Ovens: 3

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 1.5

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking: Street

Utilities

  • Cooling: Window
  • Heating Fuel: Electricity, Baseboard, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Indiana Michigan Power
  • Gas Company: CenterPoint Energy
  • Water Company: Indiana American Water Co
  • Number Electric Meters: 3
  • Number Gas Meters: 1
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 136X40
  • Estimated Lot Sq Ft: 5227
  • Estimated Lot Size Acres: 0.12

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Sewer, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 43000
  • Annual Property Tax: 948

Multi Family

  • Gross Monthly Rent: 1460
  • Number Of Refrigerators: 3
  • Number Of Units: 3
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 1
  • Number Of 4 Bedrooms: 1
  • 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

Closed on
Mar 22, 2022
Sold by
Laurence Ottoson
Bought by
Otto & Sons Llc
Current Estimated Value
$105,594

Purchase Details

Listed on
Jul 26, 2019
Closed on
Sep 5, 2019
Sold by
Kbet Properties Llc
Bought by
Ottoson Laurence
Seller's Agent
Mark Kelly
Berkshire Hathaway Indiana Realty
Buyer's Agent
Daniel Norton
CPC Real Estate, LLC
List Price
$39,900
Sold Price
$38,400
Premium/Discount to List
-$1,500
-3.76%

Home Financials for this Owner

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

Purchase Details

Listed on
Mar 19, 2015
Closed on
Jul 13, 2015
Sold by
Lademan Marvin
Bought by
Kbet Properties Llc
Seller's Agent
Joann Davis
F.C. Tucker Muncie, REALTORS
Buyer's Agent
Daniel Norton
CPC Real Estate, LLC
List Price
$26,500
Sold Price
$18,500
Premium/Discount to List
-$8,000
-30.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.24%

Purchase Details

Closed on
Mar 17, 2011
Sold by
Mutualbank
Bought by
Laderman Marvin

Purchase Details

Closed on
Sep 15, 2010
Sold by
Winningham Jesse R and Winningham June R
Bought by
Mutualbank
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
Otto & Sons Llc -- None Listed On Document
Ottoson Laurence -- None Available
Kbet Properties Llc -- --
Laderman Marvin -- Itic
Mutualbank $23,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2019 09/05/19 Sold $38,400 -3.8% $20 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $39,900 +115.7% $21 / Sq Ft
07/13/2015 07/13/15 Sold $18,500 -30.2% $8 / Sq Ft
06/09/2015 06/09/15 Pending -- -- --
03/19/2015 03/19/15 For Sale $26,500 -- $12 / 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 $1,592 $73,700 $5,700 $68,000
2023 $1,574 $72,800 $4,800 $68,000
2022 $1,442 $66,200 $4,800 $61,400
2021 $1,150 $51,600 $4,400 $47,200
2020 $3,542 $45,200 $4,400 $40,800
2019 $978 $43,000 $4,200 $38,800
2018 $1,066 $47,400 $4,400 $43,000
2017 $3,582 $47,200 $4,800 $42,400
2016 $1,038 $46,000 $4,800 $41,200
2014 $715 $33,100 $4,800 $28,300
2013 -- $32,400 $4,800 $27,600
Source: Public Records

Agents Affiliated with this Home

  • Mark Kelly

    Seller's Agent in 2019

    Mark Kelly

    Berkshire Hathaway Indiana Realty

    (765) 744-7060

    7 in this area

    75 Total Sales

    Mark Kelly
    Section Image

  • D

    Buyer's Agent in 2019

    Daniel Norton

    CPC Real Estate, LLC

    Section Image
  • Joann Davis

    Seller's Agent in 2015

    Joann Davis

    F.C. Tucker Muncie, REALTORS

    (765) 748-1316

    5 in this area

    170 Total Sales

    Joann Davis
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 201932468

Indiana Regional MLS

APN: 18-11-22-209-009.000-003

Indiana Delaware County Muncie 47302 Southside

2007 S Penn St, Muncie, IN

This home is located at 2007 S Penn St, Muncie, IN 47302 since 26 July 2019 and is currently estimated at $105,594, approximately $56 per square foot. This property was built in 1900. 2007 S Penn St is a home located in Delaware County with nearby schools including Grissom Memorial 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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